You might have seen a simular method under the name of OzFx or AC/SO. What I liked about it is that it gives reliable signals and is simple. I don’t like watching too many indicators on my charts. I watch the dailies because I don’t have the time… and nerves to sit infront of a monitor all day long(or the London session).
I have used methods for 1h charts and less. I suffered severe losses just to understand that that wasn’t my thing.
Without further ado there is the method:
Open the daily chart:
1. Add Bill Willam’s Accelerator Oscillator (AC)
2. Add Stochastics(5, 3, 3) in the same window
3. Add Parabolic SAR. It will be our filter for the original entries
4. Try to use ODL charts. Signals with them are more reliable. I watch them but put my orders with a different broker since we don’t have ODL in Bulgaria 
Original Entries:
Short: a red AC under 0 and Stochastics are crossing 0 downwards. PSAR is above the candle/bar
Long: a green AC over the 0 and Stochastics are crossing 0 upwards. PSAR is under the candle/bar
Alternative Entries:
With this we are able to catch reversals and corrections right from the start.
Short: Stochastics crossing in the overbought zone (80) and a red AC appears at the same time.
Long: Stochastics crossing in the oversold zone (20) and a green AC appears at the same time.
Money Management:
SL with the original entry – 100 pips
SL with the alternative entry is several pips above a recent high/low or you can use the conservative SL of 100 pips.
Risk no more of 3% of your equity on a given position.
When price moves +50 pips move SL to BE (I personally like to lock 1-2 pips 
pure greed)
Take 80% off the table at 100 pips and leave the other 20% running until you see:
- PSAR on the opposite side of the candle/bar (original entry)
- Opposite signal (alternative entry)
When already in an alternative position and you see the original entry signal – add to position.
The method is really simple and somewhat discretionary. Always watch for the king of all indicators – Price Action.
