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Old 11-21-2016,
Bashchenkokeva Bashchenkokeva is offline
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Join Date: Nov 2016
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I've been using this method for over a month now and did a bit of testing. Overall, the system looks robust but is more tuned to swing trading (H4 works best). Anything lower than that, it is most likely to lose you money. Using the system on a 15 min. chart is a trade killer for sure.

On the H4, i'm using it with other indicators (trend) so as to identify if price does reverse at the bottom and the tops. My suggestion would be to set up a price alert for the extremes so you don't have to keep checking the charts all the time.
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