Hey,
I've been playing with the GMMA indicators in the downloads section and thought they were really promising. So I read some of the documentation from
http://www.guppytraders.com/home.html and elsewhere. But there were two many questionable entries, so I combined it with the Aroon Horn and it's starting to look pretty good.
Take a look at the picture...The idea I've been working with is to wait for the long GMMA, the blue lines, to fan out. That indicates an established trend. Then wait for a consolidation where the short GMAA, the green lines, bounce off the long GMMA. That signal is confirmed by a cross of Aroon Horn to filter out poor trades.
What you want to avoid trading is when the long GMMA lines have consolidated. That indicates a flat market or a potential reversal.
I'm not sure this can be coded into an EA. There's still a lot of discretion involved. How spread out should the long GMMA be, how close should the short GMMA have to get, what if Aroon crossed before or after and how many bars is the limit...etc...
Cheers!
-lcg