First Profitable Close

Larry Williams often used the first profitable close as an exit technique (not that he traded Forex). I have found it very useful in that this technique gets you out of weak moves before they turn sour and give you plenty of profit on strong moves. I was wondering if anyone has coded or knows of script ofr EA that can be used to exit a trade on the first profitable close, with a parameter to set the minimum profit in pips. I am interested in a universal solution that can be used on all pairs. Any suggestions, EAs, links, or discusion are welcome. Thanks!

Great minds think alike..

I was going to do something like this.

If trailing stop has not been set due to lack of move, then take profit before moving average period 14.

I am still a beginner but I am about to start on this right now. Might save some drawdown and let a new trade start at a better price.

Here's an example of the pattern: http://www.mrci.com/lwilliams.php