The trading system based on my own developed trading indicator. It designed to work better on a 4H timeframe charts. I am using only a 4H timeframe. Lower timeframe gives a lot of false entries, and highr timeframe will hit too slow. I find out that a 4H timeframe is better. It gives at least, one good signal every day.

As you can see on the image, it starting to hits when it is a good potential to take a trade. The consistancy of many early signals indicate a good potential, but as in real life, timming is everything! All early indications, didn't have confirmation, because the next bar fail. Only when the price reached the support line and start to go up, the signal is confirm, and a true signal was published.

The stop loss set just below the lower current candle price. The potential to go up is very high, and the 1st resistance line is more then 180 pips. So we can make 100 pips without risking too much.

As you can see, the analysis is made manually, but the system will alert me, automatically, when there is a good potential to take a trade.

Now look at the market two days latter. The price didn't break the 1st resistance, and start to fail. Our assumption, that the price will not break the 1st resistance line turn to be true, and we can complete another succesfull trade.

I am taking a lot of input from the chart, before I publish a signal. Calculating the ratio between stoploss and potential takeprofit will do the difference between a successfull trade or a loss.