We have done some further research and reviewed our trades over the past three months and we have decided to make some changes in the way we trade to improve our poor recent performance.
 
We have been looking to get back our performance from few months ago and also reduce system's potential risks.
Since we trade daily charts we have to use extended stop loss levels to be able hold daily currency movements. Cutting it short reduces DD but increases numbers of losers which with our money management leads to negative balance. We have all seen it in May using -75 pips stop loss.
The month of July seems to be going the same way for us. And we can't let it happen.
 
Overlooking our past performance we have noticed that 8-9 of every 10 trades we take move into loss before they turn into profit of at least 15-30 pips.
 
That is why we decided to change our entry strategy.
 
From now on we will send out limit orders with specific entry values of 15-30 pips away from market price at  ( 15-30 pips higher if shortening or 15-30 pips lower if going long)
 
This way we will be able to enter the trades in better position and automatically extend our stop level to 85+30=115pips and still catch 80-90% present trades.
 We allow more field to play for a daily movements which reduces risk of being cut off making losses and eliminates more potential losers too. (See attachments)
By placing limit orders we also do not exceed our max DD of the system. Some of the trades will not get filled but those including losers too. Overall our research shows clearly that limit order entry is much more profitable way to achieve some profits out of this crazy market.