The Robin Hood Mechanical Forex System that I've recently been trialling does seem to have some merit. The rules are fairly straightforward and given that the author says it can be used at any time of the day it should appeal to a wide range of people.

I'm trialling it on a demo account for a while to see how it performs. As I mentioned in an earlier post it does require you to pay attention once a trade is entered as you need to monitor the market for a closing signal. This can be tricky as some trades could (and have) taken quite a long time to reach the trigger. As I'm running a demo account I've taken the view that if I can't monitor progress (due to needing sleep and the like) that I would leave things and see how they turn out when I get a chance to re-visit. Results as you'd expect have been mixed. I've had some that are still going after 12 hours and assuming they are in profit I closed them then. Others have not been a success and triggered the stop loss.

So, would I do the same on a live account? Possibly, as it isn't always a reality to follow the trade for the full period and as the stop loss is not too large it may balance out over time.

I should post one caveat here as I've experienced at least twice the situation where a trade was initiated and the close was reached quite quickly with the trade in a loss at the time. I did submit a ticket to the help desk to get some clarity on this and whilst they replied in a reasonable time I don't consider that they answered my question properly so I'll have to do some more checking on this.