I would be very grateful if you could elaborate more and tell us why you think this system is a waste of time. Maybe it is, may be it is not. If it is then we can get on with other things. As far as I can see this is basically a MA Cross system with ADX filter. We all agree it is missing a vital component such as S&R or pivot lines etc.Ignored
If MA cross systems work, we all would be millionaires in no time!
I can create 10-12 systems like this one in a couple of hours: a MA Cross with Stoch filter, a MA Cross with AO filter, A MA Cross with MACD filter etc.
The author is a scammer, but he is a smart scammer, he understands, that people are sick and tired of the 10+ indicators' systems, so he shows something very simple. But at the same time he doesn't want the customers to understand that it is just a MA Cross system with a filter, so he uses 6 MAs instead of 2 MAs (and for the same reason he explains that "72 - it is 3 days" What is so important about 3 days? Why not 2 or 4 days?). And visually it looks really good, visually it looks "solid"!
When I look at the H1 charts, I saw that so called "filter" doesn't help us during the flat. I also saw that the 72 MAs filter out a whole bunch of good trades and don't prevent any bad trades either.
And when I read that the author's website is down... Do I have to say more???
Gentlemen always play by the rules. If they can't, they change the rules.