Pinbar backtesting - August 2011 and October 2011

I've spent the last few days backtesting pinbars for the months of August and October 2011. The results look very nice.

The backtest seemed to show that a 1:1 risk:reward ratio is optimal, with a trailing stop loss equal to half of the take-profit target. The trailing SL will ensure that the trade ends in break-even if it moves halfway in my favour before reversing.

112 trades were opened during the backtest, with the criteria for pinbars quite loose.

Win % = 53%
Break-even % = 13%
Lose % = 34%