5EMAs_Alert.pdf

Expert Advisor User Manual

Disclaimer and Risk Warnings

Trading any financial market involves risk. This e-book and the website

5emas-forex-trading-system.com and its contents are neither a solicitation

nor an offer to Buy/Sell any financial market. The contents of this e-book

are for general information purposes only (contents shall also mean the

website 5emas-forex-trading-system.com and any email correspondence

or newsletters related to the website).

Although every attempt has been made to assure accuracy, we do not give

any express or implied warranty as to its accuracy. We do not accept any

liability for error or omission. Examples are provided for illustrative

purposes only and should not be construed as investment advice or

strategy.

No representation is being made that any account or trader will or is likely

to achieve profits or losses similar to those discussed in this e-book. Past

performance is not indicative of future results.

By purchasing the e-book, subscribing to our mailing list or using the

website you will be deemed to have accepted these terms in full.

Oleg A. But (author), Adam Burgoyne (publisher), the website, e-book,

and its representatives do not and can not give investment advice or invite

customers to engage in investments through this e-book.

We do our best to insure the website is available 24 hours per day but we

cannot be held liable if for any reason the site is not available.

The information provided in this e-book is not intended for distribution to,

or for use by, any person or entity in any jurisdiction or country where

such distribution or use would be contrary to law or regulation or which

would subject us to any registration requirement within such jurisdiction or

country.

Hypothetical performance results have many inherent limitations, some of

which are mentioned below. No representation is being made that any

account will or is likely to achieve profits or losses similar to those shown.

In fact, there are frequently sharp differences between hypothetical

performance results and actual results subsequently achieved by any

particular trading program.

One of the limitations of hypothetical performance results is that they are

generally prepared with the benefit of hindsight. In addition, hypothetical

trading does not involve financial risk and no hypothetical trading record

can completely account for the impact of financial risk in actual trading.

For example: the ability to withstand losses or to adhere to a particular

trading program in spite of trading losses are material points which can

also adversely affect trading results. There are numerous other factors

related to the market in general and to the implementation of any specific

trading program, which cannot be fully accounted for in the preparation of

hypothetical performance results, all of which can adversely affect actual

trading results.

We reserve the right to change these terms and conditions without notice.

You can check for updates to this disclaimer at any time without

notification.

The content of 5emas-forex-trading-system.com and this e-book are

U.S. Government Required Disclaimer

Commodity Futures Trading Commission Futures and Options trading has

large potential rewards, but also large potential risk. You must be aware of

the risks and be willing to accept them in order to invest in the FOREX,

futures and options markets. The past performance of any trading system

or methodology is not necessarily indicative of future results.

REPRODUCTION AND OR TRANSLATION OF ANY PART OF THIS WORK BY

ANY MEANS ELECTRONIC OR MECHANICAL INCLUDING PHOTOCOPYING

BEYOND THAT PERMITTED BY COPYRIGHT LAW WITHOUT PERMISSION OF

THE PUBLISHER IS UNLAWFUL.

Revision 2: 7 th February 2007

Author : Adam Burgoyne

Website : 5emas-forex-trading-system.com

E-mail : sales@5emas-forex-trading-system.com

Publisher : Adam Burgoyne

DISTRIBUTION OF THIS E-BOOK IS

STRICTLY PROHIBITED

Reward for Reporting Offenders

Description

This Expert Advisor has been created to assist you in trading the 5EMAs

system.

The EA automatically monitors the markets using the following sub-set of

the trade entry rules for both Long and Short positions.

For short trades

• MACD is below the zero line and has been so for at least 3 bars

• The price moves to within a user-determined distance of the 5

period EMA of the Highs

• The 5 period EMA of the Highs is below the 20 period EMA of

the Closes (optional – produces fewer but higher probability

alerts)

• That the 1-Hr Stochastic has previously been in the overbought

region (optional – produces fewer but higher probability alerts)

For long trades

• MACD is above the zero line and has been so for at least 3 bars

• The price moves to within a user-determined distance of the 5

period EMA of the Lows

• The 5 period EMA of the Lows is above the 20 period EMA of the

Closes (optional – produces fewer but higher probability alerts)

• That the 1-Hr Stochastic has previously been in the oversold

region (optional – produces fewer but higher probability alerts)

If the above conditions have been met then the EA will display a dialog

confirming the currency and begin sounding an audible alert in addition to

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