I have developed this strategy for eur/usd, and backtested it using amibroker. I got the following results Which I have attached along with this thread. But the ulcer index is too high , maybe it is because of 1:20 times levelrage which i m taking in the strategy. I wanted the valueable feedback from this forum. It will be of great help if u give me ur insights as to wether I shud trade using this strategy or not.