The author who posted this EA to the yahoo group stated the following:

1) you can discern Direction by PERIOD_D1 instead of PERIOD_W1,
but with larger parameters. See comments in code, and choose
it the way you want. I'm not sure it makes a huge diff
in the long run.

2) Moving open buy/sell stops goes back to the old way, i.e.
the Force/WPR criterion needn't stay true to move an unexecuted
stop--this is correct according to Bob Obrien's reading of Elder.
The lot size at moment stays the same, a bug that can be fixed
if people care.

3) A few pesky broker/dealers have Sunday Bars. This is not a good
idea as the range is small and not indicative of real trading.
So the code now makes sure to go back to a "real" trading day
(M-F) to get high/low for open and stop losses and doesn't
enter until a real trading day NewBar either.

It does not do anything if the sunday bars enter MACD/OSMA
because that would be much more of a pain, but as the filtering
is pretty long term the effect ought to be minimal as opposed
to entry where it is critical. Taking out the Sunday bars
seems to eliminate a few bad trades.

4) Rearrangement of the parameter block at the beginning and
some instructions for the newbs.

Attached Files

TSD_MT4_MR_Trade_0_34c.mq4 (26.6 KB, 218 views)