The best thing about this system is that its very simple and Robost and I too think it should not be tampered by adding filters becuase filters may help you in near future but we dont know the outcome in long run.
If we are going to use ATR and reduce stop loss to 40 pips is better to use orignal 50 pips stoploss as there is only diffrence of only 10 pips.
Someone have backtest this system from Jan 1978 to Jul 2004 with total profit of 155,000 pips that averages upto 600 pips per month. 60% trades were profitble. Max drawdown was 938 pips in 2003.
Mkcky
If we are going to use ATR and reduce stop loss to 40 pips is better to use orignal 50 pips stoploss as there is only diffrence of only 10 pips.
Someone have backtest this system from Jan 1978 to Jul 2004 with total profit of 155,000 pips that averages upto 600 pips per month. 60% trades were profitble. Max drawdown was 938 pips in 2003.
Mkcky
Lets Make Money!!!