The trader, Elang, a brilliant trader, now gone, posted a similar system to this quite some time ago.
It was very successful initially.
Trouble is, he started to add modifications to it because of changing trend and ranging markets.
In the end, it became to complex for use.
So Pipchaser, it is very important that you keep this system very simple and do not add complications.
Many a system I have seen posted here has started off well, only to end in the rubbish bin because of excessive modifications to suit the prevailing conditions.
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