Looking at the dragon expert ea. Really effective expert. But it is a Martingale so there is always the danger of run away risk on a strong trend reversal.
Trying to limit the possibility of that happening by identifying a trend. Still no guarantees.
Identifying the direction of the market for the day by trading the 6th candle looking for a reversal.
I do have to be more careful to count the 5 candles properly. The EURJPY isn't pure consecutive down candles.
The dragon places recovery trades so it will probably be okay. But I just do need to be more careful actually finding the 5 candles.
Set up on all pairs with a 5 candle set up for the entire day in the expected direction of the candle.
So far just after US open, $47 .01... It's a demo with $10,000 to play with. 1:100 leverage
Close everything, end of day.
Trying to limit the possibility of that happening by identifying a trend. Still no guarantees.
Identifying the direction of the market for the day by trading the 6th candle looking for a reversal.
I do have to be more careful to count the 5 candles properly. The EURJPY isn't pure consecutive down candles.
The dragon places recovery trades so it will probably be okay. But I just do need to be more careful actually finding the 5 candles.
Set up on all pairs with a 5 candle set up for the entire day in the expected direction of the candle.
So far just after US open, $47 .01... It's a demo with $10,000 to play with. 1:100 leverage
Close everything, end of day.
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Dragon Expert v3.2.ex4
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