Postscript;
I forgot to mention that I suggest new traders pay particular attention to Senior Members of TSD, such as Igor, Linuxser, Alex Prechtfinger, Etc. The reason being they are professional traders and trade manually in real time. Now is not the time to turn on your EA and go to bed, only to find at the NY open, your account has been blown, or margin call. Brokers HAVE the ability to to defeat your EA, or disable it altogether, and 100 other tricks. Learn to trade manually in real time. Your odds are better by joining the Elite section so you can learn. Take it from me, I had a killer EA from 1/2006 that made tons of money. In November 2006, it blew 3 demo accounts of $50K. Markets are changing by the day and you need to make these changes in REAL time.
I posted a trading system about 1 month ago that is profitable. The system is a 5 minute system, however it has a 1 Hr system with rules. It's still profitable, however, there was little interest, so be it. It resembles Igor's Trend Slope Retracement System. I'll lose my own money, thank you!
I was asked why I had the ASK Line in the GBP/JPY. Point: Opening spread is 8 pips and profit is 8 pips at the ask line= 16 pips. That is the cost of 1 trade. Because of volatility of this pair, an EA won't work, unless your investment is more than $50K, and then, no guarantee of profit. Trailing stops don't work either. It took me over 1 year to develop this system, however, it Must be used on a fixed spread Broker and different Brokers have different margins for $1.00 per pip.
Take it from me- I had a managed account that went $1500.00 to $2800.00
in 20 days, on the Euro/Usd. I came home that night, and in 3 hours, with six sell positions open, had to call the broker, revoke Power of Attorney and close all trades. Result: Only had $1300.00 left. The reason: Iran sold all US Dollars and turned them into Euros. That night, the Euro didn't turn around until 4 hours later. This is a lesson for readers of this post.

Just my 2 cents: That used to be the Dollar

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Not Everything that looks straight is: Until you measure it.