The system of cascading trends this strategy uses is great. Almost all of the open trades were still within their greater trends and would have most likely come back. The problems occur because there is no exit strategy other than a take profit, all losses are held open and unlimited.
This is easy to fix. You can set an automatic stop loss, a stop loss-trailing stop combination, or a Heiken Ashi indicator exit on the current time frame, or the next higher time frame.
This will most likely, incurr more losses, and lower the performance. Whether that can be made up by increasing the trading is the question?
If you would like to read the rest of Don's responce, and more of my rantings, its posted on the ForexPeaceArmy review forum. Don has lots of postings here as well.
http://www.forexpeacearmy.com/public...obottrader.com