Seld,
It performs ok especially on a steady uptrend. Downtrend is quite erratic though.
The key, I believe, is to be patient, to trade the major crosses but only when opportunities present themselves which are in line with the main trend i.e. the monthy, or weekly.
There is nothing terribly scientifc about this but simplicity can be rewarding and so long as one has good money management and discipline, this approach should produce good results.
Cheers
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