I downloaded this indicator here called trend signal (quite a broad name)
Buy / sell indicator with alerts. - MQL4 Code Base
I have been testing it manually the last few days and almost doubled my bank, it works very well on H1 time frame on all pairs.
I think an EA for this is a no brainer as its very straight forward to implement.
Buy @ Blue arrow
Close and Sell @ next pink arrow
Sell @ Pink arrow
Close and Sell @ Next blue arrow
The indicator does not repaint however the signal up or down on the current bar will disspear and then reappear so its best waiting till the candle with the signal has closed before you enter the trade. Sorry if i didnt explain this very well. Basically wait till the current candle on H1 has closed before entering the trade, not as soon as soon as it shows.
See pic below for explanation
Let me know your thoughts
Stop loss i would put as 10 pips