This is a very simple EA that goes long on the cross of the EMA 5
above the EMA 34 and goes short on the cross of the EMA 5 below the
EMA 34. Since the EMA 5 is very close to the current price it will
tend to catch the longer term moves. Also, I have noticed that the
EMA 5 cross of the EMA 34 approximates the CCI 50 cross of the zero line.
This is my first post of an EA to this forum. I have only tested it
for a short time so I have no results to publish. On another forum
a simple WMA Cross EA was published using the 5 and 20 moving averages
placing a limit order 20 pips away from the cross to filter whipsaws.
If the order was not filled within X number of bars it could be deleted.
User defined parameters are also something that need to be tested to
determine what is optimum. I currently have it set to the following
for a 30 minute chart: Lots 1.0; Stop Loss(S/L) 30;
Take Profit(T/P) 999; Trailing Stop(T/S) 30.
Your feedback is appreciated
freshfx