Executor AO
Executor AO is an Expert Advisor that trades based on Awesome Oscillator (AO) signals, entering positions when the oscillator crosses above or below the zero line and confirming with momentum shifts. It applies systematic entry and exit rules derived from Bill Williams' Awesome Oscillator philosophy, using color changes and zero-line crossovers as primary trade triggers. The EA manages positions with configurable stop loss and take profit levels while filtering trades based on signal strength.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | +2.88% | +2.50% | 3.92% | 90 | 46.10% | 0.70 | 0.73 | 8 | +$3.62 | Reliable |
| GBPUSD | +4.14% | +3.59% | 4.09% | 91 | 44.00% | 0.83 | 1.01 | 7 | +$4.55 | Reliable |
| USDJPY | -0.13% | -0.11% | 4.44% | 86 | 44.20% | -0.00 | -0.03 | 8 | −$0.15 | Reliable |
| XAUUSD | -68.32% | -61.32% | 86.72% | 104 | 49.50% | -0.35 | -0.79 | 6 | −$63.92 | Reliable |
Profitable on 2 of 4 markets with reliable results.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Against the other Momentum EAs with a reliable result on the same market: EURUSD: better than 76% of 68 · GBPUSD: better than 86% of 66 · USDJPY: better than 57% of 68 · XAUUSD: better than 33% of 75
Month by month
| Market | Months with a gain | Best month | Worst month |
|---|---|---|---|
| EURUSD | 69% | +1.81% 2026-06 | -1.77% 2026-10 |
| GBPUSD | 54% | +3.46% 2026-04 | -2.77% 2026-10 |
| USDJPY | 38% | +3.18% 2026-07 | -1.89% 2026-03 |
| XAUUSD | 38% | +33.05% 2026-11 | -41.00% 2026-10 |
From the backtest equity curve, sampled about every two days; only reliable results.
Blow-up risk: No blow-up pattern found
None of the usual blow-up patterns were found in the code, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The core strategy of Executor AO is based on Bill Williams' Awesome Oscillator, which measures market momentum by calculating the difference between 5-period and 34-period median prices. Entry conditions are: a buy signal is generated when AO crosses the zero line upward from negative territory, and a sell signal is generated when AO crosses the zero line downward from positive territory; some variants also incorporate AO histogram color changes (red-to-green or green-to-red) as supplementary confirmation. Exit conditions include hitting fixed take-profit/stop-loss levels, and closing positions when AO produces a reverse crossover signal. Position sizing allows users to set fixed lots or dynamic sizing based on account equity percentage, though fixed lot mode is more commonly used. Money management relies on the relationship between stop-loss distance and account balance ratio, with some versions supporting risk-percentage-based lot calculation. The overall strategy is a typical momentum-following approach suited for trending markets, but it may generate numerous false signals in choppy or range-bound conditions.
Strengths
- Based on a classic momentum indicator with clear and understandable strategy logic, suitable for beginners
- Uses zero-line crossover as signal filter, reducing noise trades and providing relatively high signal quality
- Highly configurable parameters allow users to adjust settings for different instruments and market conditions
- Incorporates stop-loss and take-profit mechanisms, keeping per-trade risk controllable without unlimited loss exposure
Weaknesses
- In choppy or range-bound markets, AO zero-line crossovers generate many false signals leading to frequent losses
- Lacks multi-timeframe confirmation and volume filtering, limiting the reliability of a single-indicator strategy
- Fixed stop-loss and take-profit do not account for market volatility (ATR), resulting in inconsistent risk-reward ratios across varying volatility environments
- Missing new bar check mechanism may cause repeated trade entries on the same bar
Possible improvements
- Add multi-timeframe confirmation, such as executing H1 AO signals only in the direction of the H4 trend, to improve signal reliability
- Introduce ATR-based dynamic stop-loss and take-profit that adapts to market volatility, avoiding overly wide stops in low-volatility or tight targets in high-volatility conditions
Risk assessment
Overall risk: Medium
- Single-indicator strategy prone to consecutive losses in sideways markets; lack of trend filter may lead to significant drawdowns
- Missing new bar check creates risk of repeated entries on the same bar, potentially causing unintended position stacking
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed lot size per trade |
StopLoss | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit in points |
AO_PeriodFast | 5 | Awesome Oscillator fast period |
AO_PeriodSlow | 34 | Awesome Oscillator slow period |
MagicNumber | 22613 | Magic number identifier for EA orders |
TrailingStop | 0 | Trailing stop in points, 0 to disable |
TimeFrame | H1 | Trading timeframe |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.