Momo EA

Rules for a Long Trade1) Look for currency pair to be trading below the X-period MA and MACD to be negative2) Wait for price to cross above the X-period MA, a) aggressive mode: MACD is in the process of crossing from negative to positive: MACD is higher than -X(parameter) eg -0.0002 and last bar is higher than current bar.b) conservative mode, MACD have crossed into positive territory no longer than 5 bars ago3) Go long with 2 units X pips above the X-period MA4) For 1. aggressive trade, place stop at swing low on 5 minute chart. For 2. conservative trade, place stop X pips below MA.5) Sell half of position at entry plus amount risked, move stop on second half to breakeven. Additionaly, after X Bp set to break even (Optional)6) Trail stop by MA minus X pips

7. Re-enter option: IF position is stopped out but MACD still positive, re-enter on new MA cross (same pip condition)

Rules for a Short TradeOpposite rules for long.

Example:

General Features:

1.The parameters of the indicators( MA, MACD) must be available in the EA.

2. Re-enter is optional.

3. Two trading periods.

4. Broker time adjustment.

5. Money Management optional

6. Short/Buy parameter

Velocity of the EA is important. 1 year Strategy testing must be possible with every tick mode in a few minutes.

Log file: The EA must not create huge log files. It happens that some indicators and EA´s accumulate 40/50 GB in a few days.