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You asked for feedback on your system.
I'ts not easy to give deep feedback without a little more work, but a few things jump to mind just off the bat:
1. I completely agree with a previous comment - a mechanical system so simple, can't be so easy.... This system is likely to have times where it performs very well and other times when it performs very poorly. Even if it works on average (and it's an "if"), I imagine it should have periods of serious drawdowns. You should research and backtest these times to know when this system is expected to work.
2. Keep an eye on your numbers - risk/reward and hit ratio: you are betting on the market reversing the trend completely while still in a downtrend, and buying relatively high on the reversal. Just a pop without a complete reversal - you take no profit. Doesn't reverse and resumes downtrend (which may well happen exactly at your buypoint) - you lose.
My gut instinct is that this is a problematic situation when measured quantitatively - may be better off either fading the initial move (buying tighter and exiting more quickly) or waiting for the market to establish ground (i.e. more established proof of reveral) before expecting a major uptrend. Maybe doing both. But again, only gut instinct - this must be verified.
3. Your idea of "scaling out" seems a little unorthodox. You're splitting exits between two different trailing stops (i.e. both exits have the same general idea, and differ only by a bit). I'd try taking half on strength, and the other half on a trailing stop - or any other strategy that uses two fundementally different exit strategies, which each have an advantage in a basically different set of scenarios (in my example - one works well if the market trends, the other if it doesn't).
I wish you success in your trading!
Was reviewing observations, is it not that system bets at continuation of weekly UPtrend at daily TF swing instead of betting on reversing the trend completely?
Yes, you are betting on the MAJOR trend continuation. However at your entry point and candidate selection, the INTERMEDIATE (what you call mid-trend) is still very much an intact downtrend. It is also visible on every one of the charts you attached. And intermediate trends don't often reverse "on a dime" without a little repeated testing and accumulation (they can, of course, but they don't often).
Keep in mind that moving averages are just useful indicators (I use them too), but are not the actual thing - which is the prices themselves. The fact that the short-term EMAs have crossed over or a close above the 5EMA does not in itself mean the intermediate trend has reversed.
Again, as it's your system, not one I have researched in depth, it is very possible I am mistaken. But you should check out your entry situations according the system, under different market conditions, and see what the intermediate trend looks like when it triggers an entry on multiple situations, and how it develops.
instead of betting on reversing the trend completely?