Another example of the Russion sense of humour
This is a variant of the idea here
http://articles.mql4.com/368
No indicators, the EA goes short or long based on fixed price movements.
Warning signs are:-
Suggested SL being larger than the TP
Optimization results vary greatly with the months/quarters selected
Shape of the equity curve
---
This can make lots of $$$ for 1-8 weeks, maybe longer but...
can then lose all profit & original margin in a couple of days
Breakouts and extended trends just kill this EA - and your account
FWIW
-BB-