Daily IB System for tweaking

Hi all,
I've been following a system for a few weeks now, unfortunatley it's 'propietary' so I won't be able to reveal it exactly, however I'm wanting to tweak it a little. Perhaps a little 'open source' experiement.

Here's the guts:

Check chart at start of a new daily bar for an IB On the previous day (IB defined by lower high and higher low).

Check trend (simply by a MA visual check)

Please a buy/sell stop 5 pips away from the H/L in the direction of the trend. Stop losses are stated by the currency pair and TP is set at 2x the stop loss (the 2:1 factor I like!).

That's it.

I'd like to refine this a little. I'd like to get everybodys opinions on how we can better determine the trend and better set the stops and take profits.

I'd like the risk factor to be 1:2 (risk 1 to 2 reward).

I'm thinking something allong an MACD or MA slope for trend? Or something more exotic perhaps?

Stu

Instead of trying to garner more pips, why not increase system accuracy?

Let's say that the IB breakout has a buy and sell 5 pips from the high and low of the outside bar. Set a takeprofit of 10 pips.

If the likelihood of capturing those 10 pips is in the 80-90% range, wouldn't it make more sense to increase the amount risked?

Possibly ronald. Could we assess that possibility. What about doing a percentage of ADR in either direction?

Anybody else can feel free to input on what we could utilize in this.