Awesome. No more missed entries for this guy.
This is a great strategy
when used properly. It's not a "set it and forget it" strategy though. You still need to identify market flow on the larger time frame and only trade in that direction, and actively manage the strategy. I have it set to only open one position, and then only after price has moved in my favor I will have it open one more on the next pull back, and so forth. This, coupled with chart patterns, price action at key levels, and wave analysis make for a pretty solid system.
Thanks again!