I would think any system could include a predetermined number of pips. Since this uses a 30 pip stop loss, probably throw in something 2 to 3 times that so someone could put a T/P at 60 or 90 pips, or even 120 (buy three lots and each a different level of TP). Perhaps adding a trailing stop and no TP would be a better strategy if you hope for greater gains.
I was looking at this a bit and thought that applying a MACD and using that to help with enter and exits would be good, but of course on a check it at end of day (if using daily). One potential trade that was I was back looking (testing) would have been about 500 pips over 6 weeks. So with a daily bar chart you probably wouldn't be closing the trade very soon except if it went badly and stopped out.
I was wondering if anyone had applied this perhaps to a 4 HR or 1 HR timeframe and what adjustments, if any, might be made in the indicators and strategy? But when getting down to the 1 HR or less probably as good or better with James 40 pip a day system and very similiar looking for me when I had the MACD in on the babypips school system.
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