I've been trading the following system for a few months now and it has yielded almost 300%. I wanted to post the trades for a while and see if I couldn't improve the system a bit (minimize drawdowns). 1)Enter trades when "Daimyo indicator" signals overbought oversold on a 4 hour chart. I should mention, this is an indicator I have stumbled across on the CMS-Forex boards which I am not using for its intended purpose--buying and selling with the current trend. The indicator is coded for CMS Visual Charts. Please note: IT IS NOT MINE NOR DO I CLAIM IT TO BE MINE. However, I am claiming this system to be mine as I have looked all over the web for someone who trades this way and I could not find anyone. 2)Establish the High and Low Murrey Math levels for the last month. This is done by using the closest Natural Square to the Highest price for the previous month and the Lowest price for the previous month. 3)Set a stop beyond the +2/8 Overbought Murrey Math level for shorts and -2/8 Oversold Murrey Math level for Longs. This is a new part of the system I haven't implemented faithfully. I am hoping this won't cut into my results but minimize my unrealized drawdowns. Since I am now trading with a rather large sum of profits, i want to try and prevent and disasters. This rule is not set in stone as I have held positions underwater because of the relative ease of other trades to work without the use of stops. 4) Set limit exit orders for the 4/8th levels. These levels seem to correspond with the median price for standard deviations such as seen with Bollinger bands and Keltner Channels etc. Of course, they are not calculated the same way, but they seem to create price stalling, so it is a good place to exit trades safely. Many times prices continue past the 4/8th levels and go straight up to the 8/8th or down to the 0/8ths, but the volatility on the way to 8/8ths and down to 0/8ths is often emotionally challenging to watch, and the results are so consistent with the 4/8ths, I have accepted the loss of profits as such. So to summarize the system... 1)Buy/Sell when Daimyo indicator is oversold/ overbought on a 4 hour chart. 2)Establish the Murrey Math frame for the trade by using the previous months highs and lows. This is done using a calculator you can now easily find on the web. It is attached below. 2)Set stops just beyond +2/8ths Overbought MML and Oversold --2/8ths 3)Set targets at the 4/8ths 4) Like any trading system using exact prices, if the price does not reach the 4/8ths level but comes very close, I will exit trades manually. Here are my current open trades. Please note the first price is the entry and second price is the target and third price is the stop loss : EURGBP S 0.6708 Limit 0.6686 Stop .676 USDCAD B 1.3338 Limit 1.36 Stop 1.3240 NZDUSD S 0.6359 Limit .6242 Stop .6480 Trades Closed This Week: GBPUSD B 1.8035 Limit 1.8191 +156 EURCHF S 1.5273 Limit 1.5184 +89 EURJPY B 130.30 Limit 133 +270 NZDUSD S 0.6362 Limit .6322 +40 EURCHF B 1.511 Limit 1.5293 +183 Any thoughts?