Zonal Trading Expert Advisor using AO and AC Indicators
Info
The Zonal Trading Expert Advisor using AO and AC Indicators is a Expert Advisor for MetaTrader 5 that this expert advisor utilizes the ao (awesome oscillator) and ac (accelerator oscillator) indicators, developed by bill williams, for its trading operations. The EA opens buy orders when both AO and AC indicators are green, and sell orders when both are red.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Zonal Trading Expert Advisor using AO and AC Indicators
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This Expert Advisor utilizes the AO (Awesome Oscillator) and AC (Accelerator Oscillator) indicators, developed by Bill Williams, for its trading operations.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Tick Scalper Helper: Tick Chart and One-Click Trading Panel for MT5 - another powerful expert for MetaTrader 5 traders.
This Expert Advisor utilizes the AO (Awesome Oscillator) and AC (Accelerator Oscillator) indicators, developed by Bill Williams, for its trading operations.Also recommended: Basket Pair Closer: Efficiently Close Trading Positions - similar expert with strong performance on MetaTrader 5.
The EA opens buy orders when both AO and AC indicators are green, and sell orders when both are red.
Market exit is triggered when either indicator changes its color.
Trading signals are generated upon the closing of a trading bar.
The ao_htf and ac_htf indicators within the EA are primarily for enhanced visualization of trends in the Strategy Tester. They are inactive in other operational modes.
To use these indicators, place the compiled ao_htf.ex5 and ac_htf.ex5 files into the <terminal_data_folder>\mql5\indicators directory.
The tradealgorithms.mqh library file facilitates the use of this Expert Advisor with brokers that offer a non-zero spread and allow setting Stop Loss and Take Profit simultaneously with position opening.
The default input parameters for the Expert Advisor were used for the testing results presented below. Stop Loss and Take Profit were not employed during these tests.
Initial development of this EA was in MQL4 and it was first published on 25.12.2015.
Testing results for EURUSD H4 in 2026:
Examples of trades on the chart.
Chart of testing results.
You may also like: CME Equity Index Futures Holiday Calendar and Trading Halt Automation - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.