It could be amazing system if there are some fails entries be filtered.
Please see the attachment where failed entries happened.
What's your ideas ?
@Exiter135: Check the indicator if it helps :-).
The7 started this thread as a daily strategy, however I see your chart for Gold is 15min.
I posted earlier that on a daily tf, setting a 100 pip initial s/l then trailing it by 50 once +100 had been reached often (not always) protected against sudden moves against trend to lock in some profit.
Perhaps a similar approach could apply in the 15m tf, but personally I wouldn't trade gold in a short tf with this kind of strategy, it is too choppy, for gold I feel longer tf's are better. Mind you taking the long 15m tf entry at 1768 prior to the NY open on 1/10/12, would have worked nicely !
Getting there, slowly but surely...