Do some creative adjustments (like trailing stop, averaging etc) and you'll get some pretty good results. We use similar method in one of our funds.
Also, if you use 12:00 price instead of open you'll get better results. (You do need to optimize those Entry numbers though)
I couldn't help but notice that the stop 0.0066 x open price yields around $350 exposure/contract right now. Not a great r/r unless the w/l is significantly better than 50% I'd think... Questions would include: What time do you want to use for the open? Why 0.0033 as the band setting? What does the total avg. range after 1pm central look like? -- I don't have any intraday on this handy. Seems like it would be highly correlated with all equity indices. Any thoughts on how it plays out with bonds/currencies/commodities?
abogden, are you using 12:00 central to measure from or eastern? For example he was taking the entry at 1:00 central, are saying measure from the 12:00 central time or eastern? thanks Pierson
Also you may want to test using limit orders two points back from the trigger price. You'll get less trades you may end up taking more on each trade. Runningbear