Awesome Oscillator Saucer
Awesome Oscillator Saucer is a strategy that trades EURGBP on 1-hour bars. It holds at most 1 open trade.
sequence
1
strategy "Awesome Oscillator Saucer"2
market: EURGBP3
bars: 1h4
max_open: 15
6
ao = awesome_osc()7
8
sequence saucer within 5 bars:9
step first_red: ao > 0 and ao < ao[1]10
step second_red: ao > 0 and ao < ao[1]11
step green_bar: ao > 0 and ao > ao[1]12
reset_if: ao < 013
14
when saucer.completed:15
buy risk: 0.75%, stop: saucer.first_red.low, target: 2RWhat this script says
Awesome Oscillator Saucer is a strategy that trades EURGBP on 1-hour bars. It holds at most 1 open trade.
It calculates ao as the awesome oscillator.
saucer completes when these steps happen in order within 5 bars: first_red, when ao is above 0 and ao is below the previous bar's ao; then second_red, when ao is above 0 and ao is below the previous bar's ao; then green_bar, when ao is above 0 and ao is above the previous bar's ao. It starts over if ao is below 0.
When saucer completes, it buys at market, risking 0.75% of the balance, with a stop at the low of the first_red step and with a target 2R from the entry.