Y'all know baby pips. @ForexPhantom published about this system and did both back and forward test around 10 years ago.
I found it on the sit and now I put it to code to see how it performs. I assume 10 points spread for every trade. I use Renesource or AxiTrader to get the low spreads.
There are 2 mods, the single trades and constant trading on the direction.
5 -- YELLOW
10 -- RED
(10 - Apply to Median Price: HL/2) -- One level at 50.
1 Hour Only (very important!)
Virtually any pair seems to work as this is strictly .
I recommend sticking to the main currencies and avoiding cross currencies (just his preference).
WHEN TO ENTER A TRADE
Enter LONG when the Yellow crosses the Red from underneath.
must be approaching 50 from the BOTTOM and cross 50 to warrant entry.
Enter SHORT when the Yellow crosses the Red from the top.
must be approaching 50 from the TOP and cross 50 to warrant entry.
I've attached a picture which demonstrates all these conditions.