Problem With Williams Awesome Oscillator

[123r34]

The attachment is a screenshot of the Strategy Wizard and the Williams Awesome Oscillator. If you have it in your indicator list it shows up as Profitunity: AO by Bill Williams. I was using it in a strategy but it didn't seemed to be working so I deleted the other parts of the strategy so I could see if it triggered when it was supposed to. As the screenshot shows it went long as soon as the present historgram bar was more positive than the previous histogram bar. That is correct. I set the profit and stop loss at 30 ticks so it wouldn't close out on the same bar. What has me stumped is that it opens and closes at exactly the same price on the same bar. Anybody have any idea what might be the problem? I am using the Strategy Wizard as I am not a programmer. In its most basic form I want the Oscillator to trigger long when the present histogram bar is more positive than the last.

Thank you
Mark

[NinjaTrader_Bertrand]

Mark, thanks for the shot, please post a screenshot of how you have setup your StopLoss (Stops and Targets page in the wizard) as well, thanks.

[123r34]

Profit and Stop Screen Captures





Attached are the screen captures of the profit target and stop loss screens. To make sure these were right I added a SMA to the script and entered when it was rising. It worked fine. The profit and stop settings are set to 30 pips so they do not close out within the candle. I like this oscillator but I think there may be something wrong with using its plot points. It has 3, the AO Value, AO Neg, and AO Pos. It seems like you should be able to use anyone of these to enter when, for example, the AO Value is greater than it was one bar ago or the AO Pos is greater than it was one bar ago. Please see the screen capture in my previous post for the AO setup.

Any help would be appreciated

Mark

[NinjaTrader_Bertrand]

Thanks - your stop is not linked to your 30 tick / pip StopLoss user input, it's set to a 0 value this is why it takes you out immediately.

[123r34]

I had an adjustable stop loss in the user defined inputs and didn't attach it to the stop loss value.

I must be working too hard to have missed something so obvious.

Thank you for your help and have a great day.

Mark

[NinjaTrader_Bertrand]

You're welcome, have a great one, too