Program Title  - N&P Pseudo Code

START BLOCK - List of Currency Pairs

     EURUSD
     GBPUSD
     USDJPY
     USDCHF
     AUDUSD

END BLOCK - List Of Currency Pairs



START BLOCK - Configuration Parameters

      Set the value of TopFilterLevel manually on a daily basis
      Set the value of BottomFilterLevel manually on a daily basis
      Set the Lot Size for each position manually

END BLOCK - Configuration Parameters



START BLOCK  - Entry Rules

     If   the 7 Period Exponential Moving Average is greater than the 14 Period Exponential Moving Average  AND
          the 14 Period Exponential Moving Average is greater than the  50 period Simple Moving Average       AND
          Current Price   is less than TopFilterLevel  THEN
                       Signal a  BUY (Long) entry condition

     If   the  7 Period Exponential Moving Average is less than 14 Period Exponential Moving Average  AND
          the 14 Period Exponential Moving Average is less than the 50 period Simple Moving Average       AND
          Current Price   is less than  BottomFilterLevel  THEN
                       Signal a  SELL (Short) entry condition

     ***  Question ***
      What time periods do you want to use for your moving averages? Are the periods  Minutes, Hours, Days, Weeks, Months or  do they need to be variable?

END BLOCK - Entry Rules
      


START BLOCK - Manual Close

      **** Question ***
      You say 
                  "Keep being in the market until the position is closed manually.
                   (ideall we put this into OrderSend function to keep code shorter)."
       
       What exactly do you want the program to do in this block?

END BLOCK - Manual Close  



START BLOCK  - Exit Rules

     If  any Open Position is greater than or equal to 20 pips from the entry level THEN
        Close the Position

END BLOCK  - Exit Rules



START BLOCK - Main  - This block controls the whole flow of the program
         With each Currency Pair in the List of Currency Pairs block do all of the following

                  Process the Exit Rules Block - 
                                    (Note that in practice this would normally just be the automatic execution of a Take Profit  Stop
                                    but we should mention it here in the pseudo code for completness. Of course you may have something else in mind
                                    such as using the program to close an open position)
                  Check the Entry Rules block  to see if a BUY or SELL  condition exists for this Currency Pair
                  Check to see if  there is already  an open  BUY  position for this Currency Pair
                  Check to see if  there is already  an open SELL  position for this Currency Pair

                  If there is no open BUY position  for this currency pair   AND
                      a Buy condition exixts for this currency pair THEN
                              Open a BUY Position  for this currency pair

                   If there is no open SELL position  for this currency pair   AND
                      a SELL condition exixts for this currency pair THEN
                              Open a SELL Position  for this currency pair        
              
END BLOCK - Main