Yep. Basically if we only use the greater low/lower low rule and nothing else. A 53% chanche is the day will shut in our favour. I havent mentioned anything regarding the daily volatility and these only that IT WILL CLOSE IN OUR FAVOUR. Also I have made calculations concerning the missed pips.

So if we keep on AVERAGE the SL at 59 pips then we're fine. The AVERAGE profit with this particular system is 70 pips on a successfull moment. That usually means that 47 percent of the time we loose 59 pips and 53% of the time we make 70 pips. Do the math and we get an evrage system. If we include the volatility variable that is the GU will fly 200 pips in our direction simply to fall back 130 pips then there's the rationale behind my take profit egy.

So the setup could function as follows
If low is greater than formerly buy. SL 59 out of open. TP 60,120,180 and 240 pips out of open. Unit 5 depart until day's end.

Brief the reverse.
Hey, if the aforementioned stats of 47% loss of 59 pips and 53% win of 70 pips still stands, it is not bad at all....

It'll produce over 900 pips however is that in a month?

Or has the latest stats changed a lot?