MACD Signal on the GBP Daily

[faqcya]

Before i get started i want to say that this system has probably been discovered and wrote about on some other website, however I discovered it on my own.

Ok put a MACD with the following setting 12,26,x where x is either a 1 2 or 3, anything bigger then 3 is to slow, on a daily chart and when the signal line crosses 0 take a trade in the direction of the cross. I found 30 pips to be a decent tp from backtesting I did not use a sl when i made the EA I just closed the open order if it crossed back over. I think the best time to check for the crossover is the start of a new day I did not program my EA for this either. My pf was a 2.01 if you want a copy of the EA just tell me how to post it and i will