I like the approach of this strategy. It buys the dips and sells on the rebound. Historical results are quite good and my real trading results confirm that. There are two main drawbacks. 1) It is very difficult to trade this strategy manually because there are so many orders every day, sometimes a large number arrive intraday; 2) due to the large number of open orders, this strategy uses up a great deal of buying power relative to the actual number of positions held. My brokers reduce BP for open orders, so this system is not a good fit. I recommend trying this system if you are willing to autotrade and if your broker does not ding your account for open orders.