I'm testing out a new system which is fairly simple, and I was hoping some systems traders could give me some pointers on how to set a logical target and stop for each trade. Here is the system: Use a 200 period simple MA and a 20 period RSI (70/30). Buy at the close of a price that has entered oversold territory and above the MA and short at the close of a price that has entered overbought territory and below the MA. Basically this system is just getting in on pullbacks of the major trend. Would fixed profit targets ever be good here? I don't like trailing stops but this is a trend following strategy so maybe fixed targets are not a good idea. What do you think? btw, any time frame works here, but i prefer shorter, say 30 or 60 min charts.