I'm currently using the Ultimate FX predictor to trade a profitable strategy that I have back and forward tested over the last 9 months, though I would now like to create an EA based on this strategy as it is purely mechanical and requires no intervention or decision making by the user.
The first task should anyone wish to undertake this project would be to figure out how the PTP signals on TUFXP are generated, as being new to forex, I do not have the same amount of knowledge on the subject as the creator of the software, as they have been trading all their life.
Then obviously the second part would be to create an EA based on the entry criteria, which isn't very complicated, though it does rely on a 5EMA and a 10EMA having just shown that a trend reversal is on the cards. I will explain this part of the strategy in more detail to those who are interested, but the rest of the strategy is easy:
Entry Point: 50% extension (applied to high/low) of bar with PTP signal
Expiry: To qualify within three bars after PTP signal bar
TP: 20 pips
SL: 20 pips
It will be placed on a GBPUSD M5 chart only, and that's it!