looking for an EA master!

Hey everyone,

I'm new to the site and was looking for someone to code an EA for the trading system a friend is using so I can do some forward testing and backtesting.

he calls this his separation trade and he says it is about 90% accurate on EUR/USD and about 80% on GBP/USD, and USD/JPY.

This seems like a very simple set up but I am clueless when it comes to programming language. I need it for the 5 minute charts with a 10 period EMA in black, a 26 period EMA in red.

When the 10 EMA is above the 26 EMA, I need it to buy at the opening of the next candle when on the previous candle the EMAs are separated by at least 8. Sell would be the opposite (the 10 EMA below the 26 EMA and EMAs are separated by at least 8).

The picture below shows the candle providing our entry signal below (red down arrow- 8 pip separation) and the opening of the next candle will be our entry (red up arrow). we will be looking at a TP of 20 pips not including the spread and a stop loss of 30-40 pips. He does not use a trailing stop but I would like to hear ideas about including one when a large breakout occurs.

Thanks for any opinions and I hope someone can help.

Is that an ea that puts the times on your charts. Please post it if you can.
BigDog

The clock you wanted.....

This sort of system has been done to death, moving average systems just don't seem to work as EA's, sorry dude. If your friend is getting 90% then there is more to what he is doing then is in the description of the system.

Thanks E.T.
You are the man.
BigDog

Excellent Clock!!!

I will try to do a rough cut of this EA just to see how it performs.

I like this clock better actually

http://www.qlock.com/download/

irusoh, let me know how this tests out for you if you do it.

I have this clock on my terminal screen since I want to know what time it is in the different time zones especially if I care when the other sessions will end. The clock I had posted actually sits on the charts, I do not use it on all my charts since its does clutter up the screen, but I only have it if I am interested when the bar is about to close. I had asked the developer to maybe allow input to which city want displayed since I could not care about all the cities he displays.

Here is an EA. Like expected, it gives 50/50 results as is. So it needs better criteria to improve.
If your friend trades this successfully I suggest he stick to manual trading for now.
I also upgraded the clock to make various city times optional as to reduce space needed to display.

Thanks for the EA and modifications....

irusoh,

My friend uses anywhere from 35-45 pip stoploss to help prevent some of the whipsaws and flags, so lets see how that will help with not getting stopped out too often.

Getting back to the opening post in this thread....I have been using the separation of 8 strategy for 2 weeks now. Just concluded this week with 12 out of 13 winners...the only loss actually did hit the target (+20 pips) but only after blowing the sl by 7 pips.