Strategies / Momentum / Awesome Oscillator MACD Crossover

Awesome Oscillator MACD Crossover

The strategy buys when the Awesome Oscillator crosses above zero on a bar that follows a downward cross, with the MACD histogram above zero. It sells the long when the reverse sequence occurs with the histogram below zero.

MomentumLong onlyIntradayS&P 50030 min

n/aProfit factor

3,315Net profit EUR

51.49%Win rate

101Trades

-1,245Max drawdown

32.82Avg trade

Best run of 50. S&P 500, 30 min, spread 1, from run sweeps:2026-10-03-USA500-30m-opt.tsv:17.

Entry rules, long

No buy is placed while a long position is open.

Exit rules

Sell the long when the Awesome Oscillator crosses below zero, it crossed above zero on the prior bar, and the MACD(5,7,4) histogram is below 0.

Test conditions

Period	Up to 2026-10-03
Instrument	S&P 500, 30 minutes
Spread	1 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
S&P 500Best run	30 min	n/a	101	51.49	3,315 EUR	-1,245
USD/JPY	15 min	n/a	72	61.11	474,340 USD	-241,750
USD/JPY	4 hours	n/a	9	55.56	448,140 USD	-294,140
USD/JPY	10 min	n/a	72	52.78	273,890 USD	-151,100
Nikkei 225	Daily	n/a	4	50.00	54,115 USD	-13,225
Dow Jones	Daily	n/a	6	83.33	41,861 EUR	-11,142
Silver	30 min	n/a	81	51.85	40,327 USD	-17,033
Nikkei 225	1 hour	n/a	32	62.50	32,992 USD	-13,698
Nikkei 225	15 min	n/a	63	60.32	31,398 USD	-8,525
Silver	2 min	n/a	69	60.87	26,728 USD	-6,652
Nasdaq 100	Daily	n/a	3	66.67	26,726 EUR	-5,914
Nikkei 225	4 hours	n/a	7	57.14	23,879 USD	-11,811
Nikkei 225	3 min	n/a	75	45.33	21,816 USD	-9,727
Nikkei 225	30 min	n/a	79	49.37	20,274 USD	-10,905
Dow Jones	30 min	n/a	37	64.86	17,607 EUR	-4,863
Nasdaq 100	30 min	n/a	89	62.92	17,340 EUR	-4,184
Dow Jones	4 hours	n/a	3	100.00	15,758 EUR	-5,533
Nasdaq 100	15 min	n/a	74	59.46	13,645 EUR	-5,818
Dow Jones	1 hour	n/a	11	54.55	13,001 EUR	-8,318
Nikkei 225	5 min	n/a	70	51.43	12,893 USD	-10,547
Nasdaq 100	4 hours	n/a	8	87.50	11,323 EUR	-3,123
DAX 40	30 min	n/a	74	64.86	11,225 EUR	-3,763
DAX 40	4 hours	n/a	8	75.00	10,948 EUR	-4,511
DAX 40	1 hour	n/a	39	64.10	10,796 EUR	-5,810
DAX 40	15 min	n/a	65	47.69	10,583 EUR	-4,033
Nikkei 225	1 min	n/a	71	52.11	10,553 USD	-7,021
Brent Crude	30 min	n/a	46	52.17	9,990 EUR	-5,343
US Crude Oil	15 min	n/a	71	49.30	7,171 EUR	-3,523
Dow Jones	2 min	n/a	95	52.63	6,423 EUR	-2,901
DAX 40	5 min	n/a	70	54.29	6,388 EUR	-2,690
Brent Crude	2 min	n/a	67	55.22	6,063 EUR	-3,460
FTSE 100	4 hours	n/a	10	80.00	5,973 EUR	-3,026
DAX 40	10 min	n/a	66	50.00	5,613 EUR	-3,645
Nasdaq 100	3 min	n/a	64	59.38	4,953 EUR	-3,636
FTSE 100	Daily	n/a	7	57.14	4,305 EUR	-3,735
Brent Crude	3 min	n/a	69	52.17	3,817 EUR	-3,480
S&P 500	15 min	n/a	58	58.62	3,518 EUR	-1,585
Nasdaq 100	5 min	n/a	65	55.38	3,303 EUR	-3,249
Gold	Daily	n/a	3	100.00	3,106 EUR	-1,534
Gold	4 hours	n/a	10	70.00	2,782 EUR	-1,586
S&P 500	1 hour	n/a	36	61.11	2,453 EUR	-756
S&P 500	Daily	n/a	5	100.00	2,333 EUR	-1,190
Gold	10 min	n/a	76	52.63	2,199 EUR	-1,400
S&P 500	4 hours	n/a	13	84.62	2,183 EUR	-1,495
Gold	1 hour	n/a	38	47.37	1,766 EUR	-760
S&P 500	5 min	n/a	71	63.38	1,660 EUR	-333
FTSE 100	10 min	n/a	62	54.84	1,570 EUR	-919
S&P 500	10 min	n/a	61	47.54	1,020 EUR	-999
FTSE 100	2 min	n/a	82	47.56	817 EUR	-556
S&P 500	1 min	n/a	68	45.59	493 EUR	-350

Charts

Results by run

Top 10 of 50 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

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

DEFPARAM CumulateOrders = false

med = (high + low) / 2
ao = Average[5](med) - Average[34](med)

16 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 OscillatorMACD

Read this firstKnown weaknesses2 points

No profit factor is available, because only sweep results exist for this strategy.
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 Crossover 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 50 market and timeframe combinations. The best run by trade count was S&P 500, 30 minutes, with 101 trades.

How large was the drawdown?

The best run had a maximum drawdown of 1,245 EUR at the tested position size, against a net result of 3,315 EUR.

Does it trade long, short or both?

It only takes long trades.

Slow MACD Slope

Uses the same indicator.

6.80 PF · 7,305 trades

CCI Sign With EMA Alignment

Best run on the same market, S&P 500.

1.23 PF · 1,253 trades

ATR Momentum

Also a momentum strategy.

n/a PF · 15,021 trades

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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