This is the original Pippo EA written by Stephen Hopwood .
http://www.forexfactory.com/showthread.php?t=297805
It is a retracement EA that uses Murrey Mathlines to set either buy limit or sell limit orders, AS DICTATED BY THE MURREY MATH INDICATOR BEING USED.
The murrey math indicator came with my MT by default, but most don't seem to have it so here it is attached. You'll notice most people using this EA are using a modified version that shows the math line history, you can try that one if you want but I'm getting better trades with this one.
I've tested this thing on just about every cross pair you can imagine. The inevitable problem with the system is what's called the "death trade".. of course, a sustained breakout like usd/chf can cause a heavy loss. That's why I highly recommend only trading these non-forexpairs if possible: Dow futures and silver. Most MT brokers won't have these contracts, but there are a few that offer it just stay away fom broco of course.
So if anyone wants to help me experiment here you go, expect steady and consistent profits with low margin.
http://www.forexfactory.com/showthread.php?t=297805
It is a retracement EA that uses Murrey Mathlines to set either buy limit or sell limit orders, AS DICTATED BY THE MURREY MATH INDICATOR BEING USED.
The murrey math indicator came with my MT by default, but most don't seem to have it so here it is attached. You'll notice most people using this EA are using a modified version that shows the math line history, you can try that one if you want but I'm getting better trades with this one.
I've tested this thing on just about every cross pair you can imagine. The inevitable problem with the system is what's called the "death trade".. of course, a sustained breakout like usd/chf can cause a heavy loss. That's why I highly recommend only trading these non-forexpairs if possible: Dow futures and silver. Most MT brokers won't have these contracts, but there are a few that offer it just stay away fom broco of course.
So if anyone wants to help me experiment here you go, expect steady and consistent profits with low margin.
Attached File(s)
Attachments_2011_08_15.zip
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796 downloads