Dislikedhey jr..... the bollinger bands would probably complicate things further..... and your taking profits so quickly is probably working against you also.....
this is off topic but applies to the gbpjpy.....
a good while back i wrote a ea called "foolish games"..... see note about the name below..... the settings for different pairs will be different...... for the gbpjpy, if i remember correctly the profit target had to be something like 700..... yes 700..... the stoploss had to be about 150 and trailing stop was about maybe 200...... those figures were probably higher, can't recall off hand.... settings on any below 100 would not work at all..... at all.....
if i remember correctly it only used moving averages in the manner of the picture posted earlier, the "painted rsi and moving channel"....
you must milk every wave for as much as you can get and that means high profit target values...... my limited experience has been that small profit target trades on the gbpjpy will get beat to death....... it does help however add small lots to already large winning positions.....
now about the name..... it helps me name things in a manner that resembles the ea..... such as, the ea's spiderman, superman and cinderella all match their names perfectly..... foolish games was named for it's 700+ profit target...... seems foolish doesn't it.......hIgnored
Name, Hmm....how bout, BrainStormer