GOD, I AM BORED !!!!
Is anyone going to post something factual, useful, educational, a balanced review ?
No real data, other than Souls blog, to evaluate.
a: He uses multiple time-frames: observe the 1/5, 5/15, etc on his blog notes.
b: If you tie in the trades to his blog, you can see there is a retracement / congestion on the smaller timeframe. He appears to enter a trade on a breakout of congestion, or when the retracement in the smaller timeframe turns into the direction of the trend on the larger timeframe.
c: since it transpires he uses Jurick, it is obviously a Stochatics type indicator, probably a mechanism to trigger a trade, possibly using extreme OB/OS as triggers. ( eg; extreme Oversold turning UP on the smaller timeframe as the entry into the uptrend on the larger timeframe etc )
d: since he is entering into the direction of the main trend, it is an "entry on continuation of trend" or "entry on retracement (buy the dip / sell the rally)" type event.
e: since it is entering in the direction of the larger trend, rather than picking reversals, it should have some merit.
f: he must have some mechanism to identify trends from ranges, so as to know when NOT to trade, possibly moving averages or ADX.
g: exit criteria more difficult to establish.
h: still wouldnt pay £2,300 for it.