Hello: I`ve got the same question. But there is some relevant drawbacks to the system. I`ve tried it, liked it, but it does not account for the variable shifting and violent price changes of the market. In other words, will it stay in it`s projected range and how many pips will it be off per cycle. During the 8 hour time frame, it can be quite significant (sometimes 30-50 pips, which is a small fortune if your timing is incorrect using 1 lot of currency) Like the manufacturer said, it`s not a "black box". People have a tendency to use it this way. I think if you combined it with a good moving average indicator such as "Jurick Reseach" technology`s JMA or RXS sustems it would work well? You should also study the overall trend to see if your catching the right move. Let me know what you discover?
Regards, Marc A.