DislikedHi... I have done serious amount of analysis regarding these systems. As I have a family with 2 kids and a demanding day job I have no time to watch my trades all day long. So I wanted a system that allows me to set and forget.
A few findings for the GU:
TPs will deteriorate your results. For example in one of my variations with 4 units (3TP and 1 leave till the end of the day). between 2007.06.28 and 2008.03.07 resulted in a cumulative 3668 pips. Then I have just multiplied by four a single unit without TP and the result was 3966 pips.
Trailing TP dont work either for me because that would assume I watch the markets.
I also use very titght SLs.
Hope this helps
BRIgnored