Thank you for sharing this system, Melpheos. It makes a lot of sense and I'm going to give it a try.
For the SL, I am thinking of putting it a few pips above/below the 50 SMA, since the SMA is likely to act as support/resistance after being broken.
For the SL, I am thinking of putting it a few pips above/below the 50 SMA, since the SMA is likely to act as support/resistance after being broken.