Could an EA be coded for this price action strategy

A trader named iinself is using a price action strategy he got from the James 16 thread. Look for daily candles that finish near(20% or less, please make adjustable) their high or low. Switch to a 1HR chart and trade the close of the next candle that does the same thing. Trade only daily and hourly candles greater than an ATR (5) so you have some momentum going into the trade. Are there any takers for an EA using this strategy? thank you

Could you elaborate more?

Hi Ronald,
See the daily candle on May 4th. It ends very close to it's low. It has some momentum being above it's 5 day ATR. If you flip then to the hourly chart, look for a candle that also ends near its low which is also above it's 5 hour ATR. This happens the next day at 10:00. Enter at the close of that hourly candle with a SL set at the top of that candle. Take profit by the end of the day and go back to looking at the daily candle again. The best hourly candle to enter is usually the first one that ends near it's high or low but some days you might get more than one candle to trade. Pretty simple strategy (don't know how difficult to code) that seems to work more often then it doesn't.

Would the 00:00 bar on the H1 chart also be considered an entry? The same for the 12:00 18:00 and 20:00 bars.

It also looks like the May 18 bar, (the first bar of a bullish reversal) seems to lead to a losing day. Is there some means to avoid/reduce that?

How many trades per day?

Ronald,
Yes the 00:00 bar on the hourly should be considered as a valid entry. In fact the earlier in the day you get a setup bar, the better. Depending on the pair, it's probably best to enter by the middle of the day and I think one trade a day would be best. My platform's daily candle ends at 8PM EST so EA would be convenient to stick on an hourly chart( after I get a valid daily setup) while I'm asleep. I could take the EA off later the next day if I didn't get a setup candle on the hourly by say the middle of the day. If you look at the daily candle on the 18th you referred to, there was no setup bar on the hourly the next day until the next to last candle of the day so that would have been a no trade day. Thanks for looking at this idea.

Ronald,
Here is an indicator that signals when a bar closes near it's high or low. I changed the end factor to 90 to be more conservative. Indicator displays when bar closes near it's top or bottom with an ATR greater than 5.
http://cdn.forexfactory.com/images/attach/mq4.gif AA$-PA-CloseNearEnd-nomyvl.mq4

Hi Toothman,
The download is a bad file can you upload it again?
Have you used this setup in a while?