DislikedThe Euro had a small range today, less than 103 pips. Been like that for 3 days. The AudUsd has had five days of small ranges. Not much trend going on. So if the signals are activating around the extreme of those ranges, some of them will be losers.Ignored
You will see DAILY ranges as low as 40 pips. (just place an ATR indicator on a daily chart and place it on 5 so you would have the avg range over 5 days and go over that period ).
Then realize what would have happened with this system. It would have triggered 10 trades per day and all loosing (you can maybe say that 2007 is a long time ago but for all the same this can happen again tomorrow or next week or next month).
Friendly regards... FXiGoR