[astro]

This could be a nice strategy indeed.
I think that the secret for it to succeed is money management.
I attached a chart August 18th:
By "running" your strategy on that day you will notice that if your first trade of the day was long you would have been stopped out 5 times (!!!) before the last short trade that hit the target.
5 times means 31 lots! 5 times means that you have to play 32 lots on the last winning trade! That's a total of 63 lots!!!!

Now that's because you got stopped out "only" 5 times. What would have happened if your stop got hit for the sixth time? You lost 63 lots need to play 64 now!!!!!!!!!
Man that's what I call DEEEEEEEEEP pockets.

Now I'm not saying it's not possible. It has a lot of logic behind it but money management is the key here unless you have that right one lousy day like August 18th will wipe out your account completely.

Astro

PS have you thought about MM here? I'd love to hear some ideas