Strategies / Momentum / Awesome Oscillator MACD Band Filter

Awesome Oscillator MACD Band Filter

Buys when the 3 period EMA crosses above the 20 period average while the Awesome Oscillator rises and MACD is above its signal line. Sells when price drops below the average and the EMA crosses back under it.

MomentumLong onlyIntradayNasdaq 10030 min

n/aProfit factor

7,821Net profit EUR

38.46%Win rate

3,310Trades

-6,929Max drawdown

2.36Avg trade

Best run of 16. Nasdaq 100, 30 min, spread 3, from run sweeps:2026-10-03-NAS100-30m-opt.tsv:24.

Entry rules, long

The close is above the 20 period average.
The Awesome Oscillator (5 and 34 period averages of the bar midpoint) is higher than on the previous bar.
The MACD line (12, 26, 9) is above its 9 period signal line.

Exit rules

The close is below the 20 period average, the Awesome Oscillator is not rising, and the 3 period EMA crosses below the average.

Test conditions

Period	Up to 2026-10-03
Instrument	Nasdaq 100, 30 minutes
Spread	3 points
Starting capital	1,000,000
Costs	Spread only. Commissions and overnight financing are not included.
Bars	Up to 200,000 bars, fewer where the instrument has less history
Last tested	2026-10-04

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
Nasdaq 100Best run	30 min	n/a	3,310	38.46	7,821 EUR	-6,929
Nikkei 225	4 hours	n/a	438	42.69	35,943 USD	-11,242
Nikkei 225	Daily	n/a	195	46.15	18,569 USD	-14,854
Dow Jones	Daily	n/a	251	46.22	15,952 EUR	-7,383
Nasdaq 100	Daily	n/a	163	49.69	11,386 EUR	-4,778
DAX 40	Daily	n/a	247	44.53	10,888 EUR	-4,611
Dow Jones	1 hour	n/a	664	39.76	9,062 EUR	-8,232
DAX 40	1 hour	n/a	1,877	38.52	8,265 EUR	-4,019
Nasdaq 100	4 hours	n/a	524	45.04	7,617 EUR	-3,583
DAX 40	4 hours	n/a	545	40.18	7,329 EUR	-4,892
FTSE 100	Daily	n/a	212	47.64	5,298 EUR	-1,704
S&P 500	Daily	n/a	237	43.88	2,531 EUR	-1,172
S&P 500	4 hours	n/a	506	45.06	2,006 EUR	-1,072
Gold	1 hour	n/a	2,056	38.57	1,745 EUR	-663
Gold	4 hours	n/a	521	41.46	1,519 EUR	-801
Gold	Daily	n/a	254	36.61	1,011 EUR	-689

Charts

Results by run

Top 10 of 16 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Awesome Oscillator MACD Band Filter
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long only
// Timeframe tested: 30 minutes
// ==============================================================

DEFPARAM CumulateOrders = false

mid = Average[20](close)
ema = ExponentialAverage[3](close)
hl = (high + low) / 2
ao = Average[5](hl) - Average[34](hl)
myMacd = MACDline[12,26,9](close)
sig = ExponentialAverage[9](myMacd)

13 more lines: the entry and exit rules.

Setup

How to load it

Copy the code with the copy button on the code block.
In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
Paste the code, give the system a name and save it.
Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

Awesome OscillatorMACDEMASMA

Read this firstKnown weaknesses3 points

No profit factor is available, because only sweep results exist for this strategy.
The maximum drawdown of 6,929 EUR is large next to the net profit of 7,821 EUR.
The code sets no stop loss, so a losing trade stays open until an exit signal arrives.

Questions

About this strategy

Can I run Awesome Oscillator MACD Band Filter in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 16 market and timeframe combinations. The best run by trade count was Nasdaq 100, 30 minutes, with 3,310 trades.

How large was the drawdown?

The best run had a maximum drawdown of 6,929 EUR at the tested position size, against a net result of 7,821 EUR.

Does it trade long, short or both?

It only takes long trades.

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Volatility Spike Regression Long

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ATR Momentum

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Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.com Stats Docs

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