Hi Raz,
Truely said, though entry looks ok now, RRR is d problem of this system. 1st target is around 16/17 points whereas SL is 20 points away frm entry, then there is brokerage+taxes. All together we need more than 66% provitable trade to brk even. Lowering SL leads to whipsaw.
Anyway there is no learning experience in days like today. Any brk out / brk dwn system will make money in these days.