There are thousands more indicators on the Forex market. Many of these indicators have never even been heard of by the traditional Stock Market trader.
You wanna hear the great news- They are all free including the charts. Metatrader4 is free and indicators can be added- If you are a programmer you can make your own indicator.
The AC and AO is one of the simplest methods I have ever found. The AC stands for Acclerator and the AO stands for Awesome.
As you can see by the chart I matched up the red and green lines from the two inicators. For me when I saw the two matched red or greenlines it was a clue to start watching for a reversal. Depending on your level of pain you could buy or short on the lines and wait it out and usually win. Notice the white box in the chart- that would of been a loser- but if you held long enough it may turn into a winner- not yet as of this posting.
The white box in the indicators themselves is something I look for because I know its going to move one way or another. I get busy with my fibs and such looking for an entry point.
I DO NOT EMPLOY this system on a regular basic
What I like to do with these indicators when the matched up was start looking for support and resistance leves along with trendlines. Something that would increase my odds of making a winning trade without the pullback.
Your favorite indicator could also be added to help determine trigger time. On a real account you will probably have stop losses, so my advice is not to blindly follow these indicators but use them in conjunction wtig S&R fibs or trendlines and patterns.
I hope you try this on a demo account and post your findings wheter good or bad. It will not cost you nothing to play a demo account and it can be fun.
A rule of thumb in the forex is not to get a real account until you can double a demo account. Once the real emotions become involved its a different ballgame.
AC AO Forex Trading Method
Linear Mode
