Have you put much thought into profit targets for this system?
I've just noticed a chart that has a quick spike, up just over 50% then it breaks down and doesn't recover. Just got me thinking if it would be a good idea to sell 2/3 at 50% and let the rest run with the original stop. However if we have a chart like RAC, that leaves a lot of profit on the table! In this case selling at the next fib resistance is a good exit anyhow.
Something to ponder, I might have to try and backtest something with profit targets...
