Strategies / Momentum / Awesome Oscillator Zero Cross MACD

Awesome Oscillator Zero Cross MACD

The strategy buys when the MACD line is above 0 and the Awesome Oscillator crosses above 0. It closes the long when the MACD line is below 0 and the Awesome Oscillator crosses below 0, with a 25% stop and a 10% target.

MomentumLong onlySwingDow JonesDaily

2.87Profit factor

30,353Net profit EUR

46.77%Win rate

124Trades

-5,239Max drawdown

245Avg trade

Best run of 40. Dow Jones, Daily, spread 3, from run pf:2026-10-05-DOW30-D.tsv:3.

Entry rules, long

The MACD line with settings 12, 26 and 9 is above 0
No long position is currently open

Exit rules

The long then closes at market
A stop loss sits 25% below the entry price
A profit target sits 10% above the entry price

Test conditions

Period	Up to 2026-10-05
Instrument	Dow Jones, Daily
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	2026-10-05

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
Dow JonesBest run	Daily	2.87	124	46.77	30,353 EUR	-5,239
Gold	Daily	2.50	116	47.41	2,664 EUR	-318
Gold	4 hours	2.15	199	37.69	3,200 EUR	-495
Nikkei 225	4 hours	1.84	181	39.78	39,997 USD	-8,066
Gold	1 hour	1.46	756	33.60	2,975 EUR	-546
USD/JPY	10 min	1.36	1,312	36.28	733,800 USD	-120,440
Gold	30 min	1.32	1,305	32.80	2,786 EUR	-471
Nikkei 225	1 hour	1.31	661	34.80	30,838 USD	-7,404
USD/JPY	15 min	1.22	1,353	31.49	515,060 USD	-116,510
USD/JPY	Daily	n/a	86	43.02	1,456,900 USD	-580,500
USD/JPY	30 min	n/a	1,284	33.64	618,800 USD	-228,620
USD/JPY	1 hour	n/a	867	32.41	566,700 USD	-246,410
USD/JPY	5 min	n/a	1,360	32.35	176,930 USD	-145,020
EUR/USD	Daily	n/a	82	43.90	155,384 USD	-25,817
EUR/USD	2 min	n/a	1,526	23.46	57,697 USD	-24,788
EUR/USD	4 hours	n/a	301	27.57	38,104 USD	-35,487
Dow Jones	4 hours	n/a	72	44.44	19,833 EUR	-6,328
Nikkei 225	2 min	n/a	1,357	32.72	17,594 USD	-9,199
Nikkei 225	10 min	n/a	1,349	31.28	17,587 USD	-9,798
Silver	15 min	n/a	1,496	28.21	17,048 USD	-10,437
Silver	5 min	n/a	1,493	29.00	13,175 USD	-9,446
Nikkei 225	3 min	n/a	1,408	32.03	12,784 USD	-6,892
Silver	4 hours	n/a	253	33.60	11,508 USD	-8,286
Nasdaq 100	4 hours	n/a	235	39.57	10,284 EUR	-9,607
Dow Jones	1 hour	n/a	291	35.05	9,917 EUR	-6,888
DAX 40	Daily	n/a	131	48.85	9,874 EUR	-3,123
Nasdaq 100	30 min	n/a	1,358	34.68	9,697 EUR	-3,575
DAX 40	4 hours	n/a	245	35.92	9,411 EUR	-3,611
Nasdaq 100	10 min	n/a	1,377	32.61	8,469 EUR	-4,271
Nasdaq 100	Daily	n/a	99	50.51	8,234 EUR	-4,679
Nasdaq 100	5 min	n/a	1,375	31.78	7,895 EUR	-3,430
DAX 40	1 hour	n/a	748	33.96	6,547 EUR	-3,390
Brent Crude	1 hour	n/a	461	34.92	5,579 EUR	-5,331
DAX 40	30 min	n/a	1,278	32.39	4,629 EUR	-4,335
S&P 500	Daily	n/a	130	45.38	4,004 EUR	-1,250
S&P 500	4 hours	n/a	242	42.56	2,324 EUR	-1,611
Gold	5 min	n/a	1,393	32.45	2,190 EUR	-592
Gold	15 min	n/a	1,402	30.88	1,992 EUR	-792
Gold	3 min	n/a	1,381	32.30	1,643 EUR	-704
Gold	10 min	n/a	1,434	29.01	1,054 EUR	-909

Charts

Results by run

Top 10 of 40 runs. The full list is in the table above.

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// Awesome Oscillator Zero Cross MACD
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

myMacd = MACDLine[12,26,9](close)
ao = Average[5](MedianPrice) - Average[34](MedianPrice)

11 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

MACDAwesome OscillatorSMA

Longer historyRe-run on up to 1,000,000 barsDow Jones · Daily · older data -68.30 EUR

Dow Jones had no history beyond the standard run, so both runs used 14,000 bars.

Dow Jones · Daily

Bars available	14,000
Net, standard 200,000-bar run	30,352.70 EUR
Net, long run	30,284.40 EUR
Net on the older data alone	-68.30 EUR

Read this firstKnown weaknesses2 points

Results include the spread only. Commissions and overnight financing are not included.
The code is published as it was backtested and has not been compiled again since.

Questions

About this strategy

Can I run Awesome Oscillator Zero Cross MACD 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 40 market and timeframe combinations. The best run was Dow Jones, Daily, with a profit factor of 2.87 over 124 trades.

How large was the drawdown?

The best run had a maximum drawdown of 5,239 EUR at the tested position size, against a net result of 30,353 EUR.

Does it trade long, short or both?

It only takes long trades.

Trend Surfer

Uses the same indicator.

1.04 PF · 10,813 trades

Turtle Trade

Best run on the same market, Dow Jones.

2.42 PF · 6,324 trades

Repulse DPO

Also a momentum strategy.

2.87 PF · 104 trades

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