Flying buddah pattern | Foreign exchange EA download- MT4/MT5 resources

Aside from a few breakout trades/trendline trades, I have not had success with any system other than the Flying Buddha system that I read about in a previous post. http://www.forexfactory.com/showthread.php?t=2555447
http://www.forexfactory.com/showthread.php?t=255537

While fb's success rate was around 40% based on these leads, I found that forex.com (or any other broker that was closed at the same time) had a much higher success rate, but only on daily charts, and only on Sunday nights.

In the next two charts (gj and eu) you can see that any candles that are completely below or above the 5ema tend to signal at least a minor reversal in the coming hours or days. Sometimes such reversals are much larger than small and may be worth more than 100 pips. Generally speaking, when prices are oversold/overbought at historical resistance levels, reversals are very large.

I have been trading live on this system for 2 months with a $1000 account and I have made around 25% on that account by trading several different currencies. I got out of the deal at the end of June because I bought a new house and needed all the cash I could get, but now I'm back in and working again.

25% doesn't mean much now, but I didn't let my profits run away (there were too many rookies). I made 30-60 pips per trade instead of the 100+ pips that might have happened.

Anyway, I would like to get some feedback on whether this trading method is well known or used frequently. Actually any feedback on this would be great. So any thoughts/thoughts on this are appreciated. I will post another chart with SL in my next post