Long Term Forex Trend Following System

Hi there,

I'm looking for some feed back on this system. http://www.myforexdot.org.uk/Strange...iesSystem.html

It's a long term trend following system. Here are the rules -

Go long when the price closes higher than it has closed at in 120 trading days and stay long until the price fails to close at a new high for 12 consecutive days. Or, go short when the price closes lower than it has closed at in 120 trading days and stay short until the price fails to close at a new low for 12 consecutive days.

The system's author claims that using a lack of continued movement as an exit strategy makes this trend following system typically right more than 50% of the time with winning amounts bigger than the losses as the system doesn't wait for the trend to properly turn in the other direction before exiting a trade. On the site there are fully back tested results for the last decade or so for 5 major currency pairs.

Does anyone trade on these long term time frames?

Most trend following systems seem to be over these kinds of time frames, but almost everyone seems to 'day-trade'?

This is called "Turtle" (google it). Won't work, don't bother. I coded it, tested it, rejected it. That simple

I do trade the monthly, because with a real job and family, many tasks in real live, daytrading become more difficult.
My entry are from h1 and these trades are pending order.

I like to scalp, but have no time for it, so that was clear to switch over.

I trade the Daily for the same reasons. No more than 45 minutes in front of the computer daily. When trading becomes boring, you know your on the right track!

ABSOLUTELY TRUE