You can learn more about the Traders Dynamic Index indicator here, and the EA was downloaded from this forum post on Forex Factory.
There's several trading methods described in the forums using this indicator, and even some more EA's.
This EA was downloaded from a trading method forum that didn't look overly complicated, but I'm not sure if
the EA follows that particular method exactly or not.
After installing the indicator, the EA was run through a back test with it's default settings. After having no luck with the 60 minute EURUSD chart, I tried the 4 hour chart, with these results:
(Back test on 4 hour EURUSD chart, 1-1-2011 to 1-1-2012)
The equity curve is a little jagged, but better than a lot of my EA's. The lot size is a constant 0.10 and this EA returns almost 13% over the year. Only a 43% win rate, but the average win is $70 compared to the average loss of $45.
This EA places quite a few trades for the 4 hour time frame, and the back test reveals almost 5600 mismatched chart errors, which means the simulation wasn't quite so accurate (which must be very poor, considering accurate simulations are pretty bad to start with!)
Still, considering no setting changes or optimizations were made, these are reasonably impressive results for a free EA downloaded off a forum.
Comments in the EA say it is copyright of Xaphod, http://www.xaphod.com
