perhaps, this will flourish in a ranging market like today. in fact, I myself have bagged 92 pips with AU using this strategy alone. undeniably, this V2 of the spikes performs a lot better. in fact in the simulator, the performance was 100% from Sep 5 to Dec 16, 2011 with AXI Trader, and 65% winning with FXPro (i haven't tried to find out how or why there's a 45% difference. MA5, spikes V2 and stochs 11,3,3 were used in M5, signal-to-signal, bars in chart and history were both at 100,000).
but i distinctly remember we did a similar exercise before with the V1 spike. it fell flat (and dug it's own coffin) when the trend was strong. back then V1 produced lots of extremes. however, this V2 produced less extreme spikes at an "almost"-impeccable timing. we need 2 strong trending days this week to see how it performs.
and a notable perfomance... while i was simulating, V2 totally disregarded whipsaws! during the abovementioned time, there were 16 whipsaw effects for AU with 45-75 pips, kicking both ways in less than 10mins. V2 was just steady and assertive with AXI but a little shaky in FXPro.
today, 13:00 GMT FXPro registered an extreme spike for AU. it wasn't there in AXI. the latter only registered the 13:35 extreme spike.