Hi Newdigital!
I may be reading too much into your first post in this thread, so, please correct me if I am wrong.....
You said a lot of experienced traders, when they are losing, use this method to recover their deposit. You also said you use this method, too, for the same reason. Once the experienced traders (and you, too) have made their deposit back, do they/you abandon this method entirely? If so, can you give any reason?
This method actually looks very good, and looks like it could yield a lot of pips. Is it not good in the long term? There may be something obvious, which I am totally overlooking, since I would consider myself a newbie....
I think I read in another one of your posts, you prefer set-and-forget trading methods. Since I am a slave to a 8-5 jobs (hopefully, with Forex, that will change, someday!
), I probably favor that sort of method, too. Unless I can find a method I can use after work. Or, something with a great EA!