I have been testing this strategy on a demo account since Oct 14 on 5 different pairs, with good results so far. Below are my results
EUR/CAD +319 Pips
EUR/AUD +36 Pips
GBP/JPY +43 Pips
I have been using his rules as they were given, I set my trades and forget about them. I adjust my lot size so I never have a risk of losing or gaining more than 2% per trade, it's a 1:1 risk reward ratio, but so far it has been pretty positive.
Edit: I am using an Oanda practice acount, so I cannot hedge my trades and once or twice a trade from the day before was closed due to a new trade executing in the opposite direction, this has affected my results, but like I said, it has happened only once or twice. Since Oanda does not allow hedging if I take this to my live account I will put all buy orders in one account and use a sub-account for all my shorts.
Edit #2: For those interested, I started my practice account fresh with 100k, and currently the account is sitting at about 106,500. +6.5% in 5 trading days