Hybrid Grid System that seems to work

I have been intrigued by gri sytems, but can't reconcile the possible disaster scenarios. While looking at possible safe solutions, I came accross something that seems to work rather well. I have backtested for about 3 weeks visually. The only caveat is that you need to be paying attention. This is not a set and go system, you have to be at the screen.

You should start just before the London or New York open, sat about 30 minutes. Look at the price, and set buy stops and sell stops. First buy/sell stop around 10 to 15 pips from current price. Set take profit at +/- 20 pips. Set another set of buy/sell stops at the other take profits, and add a take profit of 20 pips on these. Now wait and see what happens. As each 20 pip target is reached, you have antoher one open in the direction of the last trade. Only open 3 of thes and quit opening in that direction. Another thing to do is when you reach a target, cancel the opposite orders and add one 20 pips away from where you reahched your last target. Do not use stops or close any orders until trading is over. My method is to quite after about 5 or 6 hrs.
I will give you an example in the next post. So far, no losses, and profits from 20 to 80 pips a day.

Example GBPUSD:
Price at start = 1.2003.
Enter buy stops at 1.2015 TP @1.2035, and 1.2035 TP @ 1.2055
Enter sell stops at 1.9995 TP @ 1.9975, and 1.9975 TP @ 1.9955

Price moves up and is now at 1.2040.
I have a 20 pip profit on first buy. Now cancel sell stop at 1.9975 and set one at 1.2015, TP @ 1.9995

Price moves up to 1.2050 but reverses and comes back to 1.2010. I now have a ling at 1.2035 and a short at 1.2015.

Price moves down through 1.9985 and reverses. Now I have antoher 20 pip profit, and am short at 1.9995 and still long at 1.2035. I have put in a buy stop at 1.2015.

Price rolls around and settles around 1.2005 noon EST, so I am ready to quit for the day. At this point I have 60 pips in profit. I am long @1.2035 fro a 20 pip loss and short at 1.9995 for a 10 pip loss.

Total for the day + 30 pips.

This is just an example and some days are breakeven or small wins, and some days are big.

I paper traded GBP/JPY from 7 am EST and am ready to quit now, price is around 237.75, I have 4 20 pip trades for +80, but I am long at 238.25 and 237.85, so those are down 60 pips total, ending the day with 20 pips. If I had decided to quit insted of going long the last trade and closing when the last long reached 236.85, I would have been up 40 pips for the day.

Today with GBPUSD you would be long at 1.9930 and short at 1.9910, with no targets hit. If you closed out now @ 1.9890, you would be -40 + 20 = -20 for the day. If you had played the London session you would be a big winner, but sticking to rules about not opening more than 3 down, it's only 60 pips. Here is where an automated script would work great.

I also like the grid concept but have been burned from it after doubling my account

I think you can do this with the makegrid EA, put the start price as the long and short gridcenter and set gridstep to 4 (if you want 2 buys above and 2 sells bellow). I think there is also a time parameter in there to delete orders after x minutes.