This strategy apperantly works on any pair, CableRiddle, SwissyRiddle, YenRiddle
The system works fabulously Merlin. The one mistake you made that is so obvious I'm really surprised you missed it is that you don't need any stop loss. Once the low or high of the day has been hit there is zero chance of a loss greater than your spread if you close before the day is over.
Also a refinement I came up with makes this system infinitely more profitable. Just use the exact same method for exit that is used for entry. If you enter at the high then exit at the low. If you enter at the low then just exit at the high. Duh!! This method backtests about 1500 percent more profitable even allowing for slippage.
You only thought it is the perfect system. Now it truly is the perfect system .. no pips are lost at all!!!!
The only thing you left out is the method you've been using to determine how I can know when the high or the low of the day has been hit. Someone else said every move is the new high or low of the day but that is far from true. It may be the high/low of the day so far, or it may be an inside move, but if the day begins at 5 and ends at 4:59 the high and low of the day are the extremes within that period. Now post that high/low determination method you use with this system and we're off -- trading our whole account every day. I've tried a few things but had limited success so far.
In my excitement I got kinda stupid thinking I had the answer and when I called the newspaper to negotiate a special deal where I'd get them to bump me up in the queue and deliver the next days news a day earlier and they just laughed at me. How embarrassing. Turns out it would take two days for them to deliver it here in Fiji so it still wouldn't work. Anyway please send me your indicator or whatever it is before I come up with any more dumbass ideas and embarass myself like that again.
FT
PS. In a stroke of what I first thought was, well just general brilliance, I also tried setting the computer clock a day ahead to fool the computer into thinking it was tomorrow but it didin't work because now I was trading tomorrows data and still didn't have an indicator to determine the high or the low of tomorrow except by 4:59 when it was too late to place the trade. So I figured maybe I should set it a day behind but that didn't work either because I couldn't change the date on the dealing station to work on yesterdays data along with my charts. I called the MM to see if they would change the date on my dealing station so I could trade with yesterdays data because I already had a formula for getting the high and low of yesterday and the guy said it sounded like a great idea and the line just went dead after that. I'm not sure he took me seriously though because he didn't even ask for my account number. Hard to soar with eagles when you have to rely on rats to get anything done.
This strategy apperantly works on any pair, CableRiddle, SwissyRiddle, YenRiddle
Hallelujah Merlin Discovers the Holy Grail!
How could you determine the high and low of todays!
I could 't belive that anyone can that!
If I could be determine something like that I could grow up my acount 1000 to 100.000 in a month!
, I've blown my account in less than a month. Unfortunately I’ve lost that capability now. 
Let me take this thread out of the grave. Is anyone aware of if Merlin was using this still lately? All the other posters have not been in FF for at least 2 years.
