PinBar交易 (PinBar Trading)

So I've been discussing this with my friends for some time and no matter how bad scenarios we apply, we still find this method profitable. Take a look and let me know what you think.

As far as I'm concerned James16 thread method combines pin bar trading with standard TA to make trading decisions. I'm not a big fun of long term trading so I tried to apply this method on shorter TF. And here it is, apparently a system that is capable of making 10+% a day. I've been testing it on demo and so far I've got an average of 21% return a day, never risking more than 2.5% of equity per any given trade. Systems seems to do worse during Asian open - just keep it in mind.

So here we go,

TF: M15
Pair: EUR (that's the one I traded demo), but GBPUSD, USDCHF, EURGBP should do fine as well.

ENTRY:
Whenever you have a pin bar on a M15 TF, you place an order exactly at pin bar's high or a pip above. To make sure your profits exceed losses you place another order (same lot size) 5 pips above that level.

EXIT:

EXIT 1:
Exit is as far as your pin bar dictates you to place it, i.e., if pin bar from low to high is 10points you place your TP at 10points from the first entry level.

EXIT 2:
A candle thing. Whenever previous bar's low is exceeded you exit both orders.

That would be for long. Analogically for short. Take a look at the chart and please share your thoughts. I'll try to find some time on the weekend to code it to an operational EA. Meanwhile let's try to find some down side of this approach.