DeadEye96,

I only trade this on the 3 main currency pairs (EUR/USD, USD/JPY, GBP/USD) and have been doing so for around 3 months now. Based on that win/loss percetage is around 65% and risk/reward ratio works out around 2.2. I can't do any thorough backtesting to get any better stats as unable to program the rules that don't lend themselves very well to backtesting hence the initial posting.

I do in fact use other criteria for exiting other than the trailing stop you queried (and also for entering as well). I place close atention to s/r, trendlines, pivot levels and also do no trade it approaching news. However, some of these other elements would be even more complex to programm a rules based EA around so I was just trying to get the nucleus of the system programmed as an EA first and then look to add other factors later.

Have you come across other EAs that automaticaly draw fib levles and trade off them? Be very interested in any help you could offer.

Eaglehawk,
Thanks for the link to the site. I'll have a look at it to see if it has any examples of doing anything so complex as what I am after.