Hi loverhh,
I tested the system for two weeks and below are my personal findings and opinions. They may not be representative for anyone else.
1. 1oo% consistent win rate? Answer- Yes and No, in other words it depends. My personal finding is that there is a lot of technical experience required to execute the trading in the way that the developer uses as the 6 indicators employed require discretionary decisions at every point of the trading.
2. High consistent win rate? Yes, it is possible to achieve a high consistent win rate by using just 2 of the non repainting indicators out of the 6 and the style of the trading is SCALPING as opposed to swing trading. For swing trading the H4 template is very useful.
3. Can the system be put into an EA? - The entire system requires a lot of input that is discretionary to achieve a 100% win rate. However it is definately possible to take the 2 non repainting indicators that represents the core of the system for SCALPING and develop an EA to produce consistent high win rate over 85-100%.
4. Can you drain your entire account with the system? Yes, with all discretionary trading systems, it is possible to bust your trading account and drain it to zero especially during news time and volatile periods. That is why the trader requires a big capital to hold the positions to allow the trades to get back into the trend and to be able to break even or to gain a profit.
This is a system that merit checking and testing esp. for scalpers. Adopting some of the indicators esp the non repainting ones will help improve accuracy and consistent winning rates.
Since there are only 6 indicators, I would suggest for those interested to study the system and play around testing the indicators and to demo trade the system using the 3 templates to find out for themselves how the system works and what indicators are non repainting etc etc.
Cheers, may the best prices be yours.
PS. I concur with member ztony that the system requires discretionary input from the trader and requires time and effort to learn to be able to use it to the level of the developer. In testing, I had input from member ztony, and acknowledge his help when I was testing the system. Thanks, ztony.