Forex Suggestion on strategies

Dear Friends,

I've come across this strategy recently, and tried to implement it on the demo for the past 2 months and it seems work pretty well by yielding 20% profit per month. Have you guys ever tried or implemented? could you please share me the drawback. It's harder to implement on real account as we've to keep adding new pending orders as market started to range between 100 new trades and setting SL and TP.

I've added the screenshot, calculation file on the strategies.. I'm thinking to develop this as an EA.. Pls share me your opinion.

Note: Works only on Zero spread account, calculation are based on the commissions per lot.

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Attached File
20181117-Statergy tester.xlsx 54 KB

Source.

 

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