Help on simple indicator

Hi there,

I`m new to forex (about six mths on demo). In my search for a good trading system I came across Toto`s thread (http://www.forexfactory.com/showthread.php?t=55542).

His ideea is to watch the retcement on a strong trend, and to open positions after the price starts to move again in trend direction.

Because I cannot stay all day with my eyes on the charts (I also need to keep my job u know), I realy need an alert indicator for such situations.
It will also be helpful for extended backtesting if a pointing arrow is present at that particular price formation.

Having in view the above, is there anyone that is willing to help me with the code?

Big pips to all

Necre

After I read the post from Toto444 and found out this strategy is quite interesting.

I`m glad you feel this way.

So, do you think you can write an alert indicator ?

Actually I am developing an EA for that.

I will later post it and member here can take a look and comment on it.

Great!!!

I`m lookin` forward to test it .

I remeber that Toto was also talking about more relyable signals using EMA 6 instead of EMA 10... If it`s not to much to ask, maybe you can include in your indicator an option for which ema to use as refference point.

Hope you don`t mind my sugestions...

Best of pips

necre

Hi EAprograer,

Any progres on that EA ?