Features for EA's

What are your favorite, incl. money management, features for EA's?

1. proper automated stop selection based on current market conditions.
2. Money management. It needs to be able to adjust lot size based on number 1.
3. user input for maximum risk % for all open trades.
4. Max number of orders open at one time.
5. ea must be able to communicate with other instances of the same ea on different currencies to prevent the ea from risking too much by opening too many trades.
6. event driven and schedule driven email updates to keep me informed when I am away from the computer.

Magnumfreak:
As for #1, what type of automated stop do you use based on current market conditions? As for #5, are you referring to majic#?

as for 1. Most people use a blind stop. Say 35 pips or so. The way I have been taught to set a stop is to place it a few pips beyond the last swing high or swing low which gives the currency the ability to go back and retest the swing before moving on. Naturally if the stop has to be bigger due to a larger swing then the ea should place a smaller position so that in the case of it hitting the stop you have still only risked a small percentage of your account.

as for #5. could be with a magic number but the ea should know how many positions are open at any given time to be able to calculcate the current exposure level. Keeps the ea in check to prevent it from placing a ton of orders when you have it running on 15-20 currency pairs.

These are just some of the features I like to build into ea's. I mean the whole idea of an ea is to automate what you are doing manually right? I am so picky with my ea's that I don't even consider them complete until they have run for at least 3 months and I am satisfied with the results.

Are you using an indicator for swing high/low, and if so, would you post it? Thanks.