DislikedI have been trading a somewhat similar method.. find it a lot more better than using trend lines or tons of oscillators. I only throw in a 200 day WMA as a trend filter.. signals are triggered off candle stick patterns. Been trading this on a demo with a very decent success rate for 2 months now... Call it karma... but when I took on 2 live trades, things went horribly wrong.. EURGBP and GBPCHF... just a few pips from hitting my stop loss.. hopefully it will be a good (yet pricey) lesson to learn, while the trades I took on on a demo hit their TP...Ignored
I like Tradingview way better than FXTRADE that Oanda provides. If only one can trade directly from Tradingview!