black wednesday?, page-36

Just thought I'd post a pic of a system I have been developing. Tis quite simple really and is designed to catch trends with very low entry risk. A break up of the green line is a long and a break down of the red line is a short. Current exit is momentum pulse changing colour to opposite direction i.e. if you are long and the paintbar turns red, it's time to exit. Reverse is true for shorts. Best bit I like is the very low entry risk as price is already moving in your direction typically.

I'm currently writing the backtest but I'm expecting pretty good results based on an "eyeball" for XJO. Fingers crossed it works well on multiple instruments and time frames.