Hi neji63,
Some initial observations- I can see why it is considered thrash! - the signal on default settings back paint some 15 bars ago making it one of the most delayed signals ever. So it has to be set on the major swings ie high time frames for it to eke out profits. The signals look very good on paper due to the back painting but unless something is done in the settings to optimise it well, the default settings will not lead to very good results- in fact losing money. Hence we need optimisation and good set files for specific pairs.
Looking forward to your posting about the good EA.
Yep you nailed the problem brother .....
Yet there is a way to profitably use the indicator even on low time frame combining it with other trend following indicators .....