Flyer! EA Expert Advisor

This EA began as a method of back testing my own strategy based in principle upon the “Sidusâ€‌ system detailed in the ForexFactory.com Forums.Later, it has developed into a strategy that is widely different than what was originally suggested in the “Sidusâ€‌ system.It is generally a Moving Average Crossover system with some extras. The EA internally uses by default the 30min timeframe to calculate the moving averages.The entry to a position is made when two short time frame Linear Weighted MA’scross two longer time frame Exponential MA’s.However, it will also enter a position if the price moves an excessive amount in a short period of time.The exit position on the EA is much more complicated.It has several possibilities for exits.The first and most ideal exit is when the pair moves in a direction uniformly over a period of time and then begins to level off.At that point, if another series of MA’s cross, it will exit.Of course, the ideal doesn’t always occur.A second possibility occurs when the price rapidly drops below the longer of the two Exponential MA’s and is still in a profit.If this happens, it will exit.A third possibility is if the price drops below a certain percentage of the maximum profit that had already been attained.For a 4^th possibility, if the price exceeds 28 pips of profit and then retraces rapidly, it will exit if the price drops to 3 points above entry price.Finally, the last way it will exit is by Stop/Loss.If the price hits the stop/loss, it will exit.If the EA is not able to take a profit when any of its signals become valid, then it will not exit the trade unless of course the stop/loss is reached.Also, a trailing stop feature is incorporated into the EA.I have left this feature in the EA, however I have found that generally the EA works better without the T/S feature enabled because of the dynamic ability of the EA to determine ideal exit points.

from kickforex