the system works but u will miss some manual trades , and u`ll gain some trades while looking for signals which happen in consolidation phases .
moving averages are lagging systems , which means it`ll make a signal when the move already occurred , if ur lucky and it`s long move then u`ll catch phew pips at the end.This is often not true of the 5WMAS because the 3 wmas uses a fast volatility breakout indicator.The volatility breakout indicator is non lagging.The 3 wmas uses chart patterns /candlestics and set ups in addition to the 3 wmas
If u use 5 lagging moving averages ,you get into a trade 5 periods later
If u use 3 lagging moving averages and a non lagging indicator ,u get into a trend by filtering out the ranging market trades.
It is difficult to catch entire moves on any system, simply because the market can range up 30 pips and dow 50 pips .
Here are some reliable tests from a 3 wmas system
It uses 5/20 and 100 wmas on 5 m charts
I have not given up on this system because I keep improving regularly
OILFXPRO
