Rover North Forex System

Official site:
http://www.rovernorthforexsystem.com/

The latest hype on the web. A system that won the SureFire Trading Challenge.
I’ll say right away: this is a system for manual trading + an advisor that gives signals for possible position openings.

So, what does the strategy look like:
It uses Elder’s "3 screens" + 2 moving averages. Pairs for trading: EURUSD,GBPUSD,USDCHF.

Open the M5 chart of one of the pairs, add the 10 ema and 144 ema. (The archive at the link at the end of the post has a ready template).

Entry rules for  selling :

1.The price must be below the 144 ema on all three timeframes: M30,M15 and M5.
2.The 10 ema must be below the 144 ema on these same timeframes.
3.The price must be below the 10 ema on the 5-minute chart.
4.Wait for 2-3 candles to close below the 10 ema on the 5-minute chart.
5.When the price returns (bounces off or comes very close) to the 10 ema on the 5-minute chart, open a position
6.Stay in the position until an exit signal appears: a candle closes above the 144 ema on one of the three timeframes. Or when the take profit of 3-50 points has been reached (the author does not explain in which situations which take-profit should be used and what it depends on).

Entry rules for buying :

1.The price must be above the 144 ema on all three timeframes: M30,M15 and M5.
2.The 10 ema must be above the 144 ema on these same timeframes.
3.The price must be above the 10 ema on the 5-minute chart.
4.Wait for 2-3 candles to close above the 10 ema on the 5-minute chart.
5.When the price returns (bounces off or comes very close) to the 10 ema on the 5-minute chart, open a position
6.Stay in the position until an exit signal appears: a candle closes below the 144 ema on one of the three timeframes. Or when the take profit of 3-50 points has been reached (the author does not explain in which situations which take-profit should be used and what it depends on).

The author does not recommend trading within 45 minutes before and after the release of important (High-Impact) news.
You can view their release schedule in the economic calendar.
It is also not recommended to trade during the Asian session.

Signal advisor :
It is attached to the chart like any other expert. When conditions for opening an order appear, it gives a signal and offers to open a position. If you set AllowTradeLive true in the settings, it will open positions automatically.
The advisor does not close losing trades!!!
It is only able to open positions and add a trailing stop (it can be disabled in the settings). Take profit and stop loss are 0 by default, i.e. the author suggests varying them  depending on the situation.

My opinion:
The system is simple and logical, but it requires refinement, adjustment to your own trading. First, clear guidelines are needed for taking profit: a number calculated on the basis of current volatility, or support-resistance levels, or Fibonacci levels. It would also be good to decide on the stop loss.

The archive with the manual, template and signal advisor is at the link below:
Download archive