Suggestion on strategies

Dear Friends,

I've come across this strategy recently, and tried to implement it on the demo for the past 2 months and it seems work pretty well by yielding 20% profit per month. Have you guys ever tried or implemented? could you please share me the drawback. It's harder to implement on real account as we've to keep adding new pending orders as market started to range between 100 pips..

I've added the screenshot, calculation file on the strategies.. I'm thinking to develop this as an EA.. Pls share me your opinion.

Note: Works only on Zero spread account, calculation are based on the commissions per lot.

Hi vinubintu, this topic seems similar to your ideas. Maybe content of the topic, help to you. Good luck !

This is not based on grid trading or martingale.We're not keep adding positions as per as market goes against us..
We do a buy, and make a new sell if the market goes against us, and keep repeating buy and sell between 50 pips range. volatile currencies wont' range between 50 pips for like 3-4 times. It would fall with 200-500 pips movement everyday.

I have back tested this style of strategy extensively with an automated EA. You need a massive account to be able to withstand an eventual whipsaw that will kill you - and they happen. It doesn't work.