Was not sure where to post this but looks like a good starting place.
I have decided to post this system here in the hope a programmer will take an interest and help us with an EA.
The system itself is very simple but I have 39 charts open to trade 13 pairs, thus the need for an ea.
The system is based on two other systems that can be found here in the forums, Follow the bouncing pip and the xpma systems.
How To Trade It.
Use 4 hr charts only. The Zig_Zag_Pointer is used to show us which kind of trade we are looking for, up arrow –looking for buys only & down arrow – looking for sells only.
Use the xpMA to enter trade. Only enter if both Zig_Zag_pointer & the xpMA arrows are pointing in the same direction if while we are in a trade and the xpMA gives us an opposite signal, exit trade and wait for next arrow going our way.
Stoploss and Trailing stop – both of these are set buy the ATR (14)
The requirements of the EA.
To follow the rules as above & split trade at user level. Eg. We enter a buy trade with 0.03 lots at 1.9000 and user has set the split at 50. So at 1.9050 the EA close’s 0.01 lots, at 1.9100 it close’s another 0.01 lots. Now the last 0.01 lots is left to run until it hits the trailing stop.
Yes we still get a few losses but not that many. A live demo account can be seen here -
Statement: 1075963 - Barry Rumsey updated every 60 mins.