Stupid Simple BB EA

Hi all tech heads here at FF
Looking for a sharp programmer to make a trading EA from this Idea ..
Full thread here . Permission granted by OP thanx hippydog.. http://www.forexfactory.com/showthread.php?t=561047
---In his own words--- What you will need is two Bollinger's.

Set the one Bollinger to 100/2
Set another Bollinger to 100/3

Using 4 hour look for price to hit (not close) the outer Bollinger 100/3 and CLOSE back inside inner Bollinger 100/2 heading back toward the mid line.

This is your first entry point.

Below that entry enter orders every 20 pips for a 20 pip take profit no stop loss.

Example

Entry trade 1 @ 1.6000 100 pip tp

Order 1 @ 1.40 20 pip tp
Order 2 @ 1.38 20 pip tp
Order 3 @ 1.36 20 pip tp
Order 4 @ 1.34 20 pip tp

And so on and so on

Obviously this method is not without drawdown hence start with the minimal account size possible for you and close any stragglers when profit target is hit.

Should first trade take of nicely and hits mid line prior to reaching 100 pips close anyway.

Discipline is key close all trades as soon as net equity show 100 pip profit for that trade size. end Quote..

1)we need to make sure the market is not ranging ,I submit a CMI choppy market index indi...take trade only above 40 or you may have your own to incorporate.
2) we should have a equity stop loss as a % of account ,user defined would be cool! 15% 20% 30% 40%

any takers ?

CMI ..choppy market index.. pic

Bumped

I wish I could code and create this..... sounds easy and interesting to me hopefully someone will come along that will want to Thanks for sharing the idea.