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Have you tried it?

 

I almost forgot about this. I did try it years back. I remember it was slightly below break-even in the long run. If you catch a long term trend, then it shines. If market consolidates or ranges, you lose money. I remember putting the document to trash and forgotten about it since then.

 

But that was a long time ago. Who knows, market changes all the time. May be it is better in today's market? Suggest anyone who wants to try it at least do some backtesting, or use demo, or very small risk lot size.

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