Hi everybody, I would like to propose the development of an EA for the "Web Trading System", from www.webtradingsystem.com, which uses EMA 5 and 13 crosses.

This is a very simple, straight forward system, with very clear rules, which appears to work very well. Apparently is was developed by a company which profited from it and then decided to give it away for free.

This is basicallly it:

- Use EMA 5 and 13 (taken from the Fibonacci sequence).

- Open the position when EMA5 has crossed EMA13.

Buy when EMA5 has crossed EMA13 from below. Sell when EMA5 crosses EMA13 from above.

Enter the market at the opening price of the following time interval after the crossing.

- Place stops below/above EMA13.

- Exit at the next crossing.

Crucial rules to improve results:

- Place stops at 50 pips from EMA13, binding this to EMA13 movements.

- Do not open the position if there is a gap of more than 100 pips between the opening price and the stop loss level.

- Do not open the position when there is only 1 pip between EMA5 and EMA13.

The system can be used with any time intervals and currency pairs. However, the best results are achieved with one-hour charts, and experience and system testing have shown that the most stable income is gained trading the USD/CHF.

I haven´t done a good test of the system myself. I just made the EMA setup on MT and have been following it a bit and looks good. But it would be great to develop an EA and backtest it at least.

More info at: http://www.webtradingsystem.com/when-to-trade2.shtml

Hope anyone finds this information useful.

Best regards,
davidvm.