Pippo: A Murrey Maths Retrace EA (Pippo: A Murrey Maths Retrace EA)

I agree with Steve moving Pippo to a new thread for the following reasons:

1) Some people want to donate but can't due to coupon/friend restrictions
2) The EA may deviate from the description on the homepage
3) Ensuring easy access to the latest version is tricky.

I strongly recommend that readers of this thread familiarize themselves with the original thread first.
http://www.forexfactory.com/showthread.php?t=297805

I also strongly recommend that you heed Steve's health warning about automated trading EAs

I got involved because I'm interested in the Murrey Math lines as a support and resistance indicator for many different trading systems, and happened to be working on improving the line indicators available elsewhere on FF.

This article explains my starting point in this regard.
http://www.forexfactory.com/showthre...62#post4766462
and http://www.forexfactory.com/showthre...76#post4768676

The end result is a new Murray indicator that doesn't redraw as frequently as the original indicator and also shows how the lines have appeared in the past.

I have since incorporated this indicator into Steves pippo EA.

I cannot yet advocate pippo for live trading due to the following reasons

1) Pippo is susceptible to long-term trend movements, which can quickly generate large retracements. There is a hedging option out there, but this has its own problems, especially if the price drops after hedging.

Install:
Place Pippo.mq4 into the "experts" folder of the Metatrader installation

Restart Metatrader

One final point. As a programmer, I'm a patcher/optimizer/bug fixer. I'm not good at creating from scratch, so I fully appreciate Steve's selfless contribution to the EA codebase here.