EA
Best way to go about Building a Ea , is thru
a Indicator.
The Indicator can then be Read by the EA.
If the Indicator does Not Perform Then it would
be a waste of Time Developing a EA.
Most Trading Methods , make use of a Algorithm or
Procedure , to Trade.
(ex. If a, b, c then Trade to Buy Side ).
This can be Coded into a Indicator and Played
Back to see How it Performed, over so many Bars and
also Run on Diffr Time Frames, and Pairs to see
which Pairs it Performs, and which pairs it does Not.
The Volatility in Diffr pairs can Affect, how the Trade
Method Performs. (Where Stop Loss should be , etc )
This Way you can get a Idea if its Rdy for Prime Time, and
which Pairs to Trade and what Time Frame it should
be Traded , as well as when it should Trade.
You can also use it for Manual Trading , the Indicator.
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Have you BackTested your Method Completely, to
see if it can Work in Diffr Trading Environments ?
(Choppy, Trending, RANGE etc )
Your Trade Plan must be Able to Perform well in a Manual BackTest FIRST
of @ Least 50 Trades, in the Type of Markets I mentioned,
BEFORE CONSIDERING BUILDING a Indicator also.
The Stop Loss should be CLEAR , AND THE Target price
Determined , before the trade is Placed. The Manual
BackTest should Perform the Same every Time, without
Emotions getting in the Way
Hope this Info Helps
I can be reached for further Discussion
glross3@yahoo.com