Trade management... The secret to success

These are the perfect entries for 1 ATR profit on the Day chart.. Once the trend is confirmed by the candle "closing" on the color change
Oops . Still trying to get the hang of this. That buy trade was still too early. It should have been opened on the open of the next candle.

The basket is up and running for 2 days. The first trade to close is USD CAD. 1 ATR profit... no recovery trade needed.
Some of the trades were opened too early. My mistake. Candle close on trend confirmation is necessary.
Total drawdown for the basket has not been more that 220 pips.

Something else to consider is the swap. Usually it is not very much. But for some pairs it can be significant especially if the position gets held for a week or more. Like AUDCHF. I entered short on the signal not considering the swap for short is -2 pips per day.. It has been open 3 days now and could be weeks. One recovery trade would make total swap -6 pips per day. For a couple of weeks? -60 pips. That's an unusually high swap rate but worth considering. I need to find a source for current swap rates. And consider it before entering.

USDCHF 2016... day chart... enter in direction of HMA 14 after confirmed candle close. 2 ATR tp, 2 ATR recovery limit order +.01 position sizing, increase tp x2, increase step size x2 for every limit order.
Only one recovery trade, 17 trades for the year dd 10%. 50% gain for the year.
Have several pairs up and running allocate $500 each. Separate accounts just in case one of them runs away.

Whoah... taking a second look at this indicator. I'm not a big fan of indicators... But this one is pretty amazing.
When I first ran it I was disappointed because the signal only appears after 2 candles close. So the market has gone 2 candles before it appears.
But in the simulator that doesn't matter. The signals when used as stop and reverse signals are great.
out of 25 trades only 4 were small losses. 8% drawdown..
That was USDCHF for 2016.
Good in a trending market.

GBPUSD wasn't so happy... Brexit.... in June...
Still ended the year flat. Sometimes a second signal comes... That can be doubled position size if the market is on the wrong side, and single if a continuation.
There's real hope for this. Using stop and reverse, recovery trades, and add ons.. Looking good.
EURUSD tested out good. Similar to USDCHF
There is the possibility that the indicator behaves differently in the tester than in a demo or live account. Will have to wait and see what it does in the demo.
If it's too good to be true, it's too good to be true.
No. the indi behaves the same in the demo as in the tester. Phenomenal.
It seems to almost predict the future. We know that can't be true.
But it does. Gets in low, gets out high. Really nice. and signals to entry before the market turns.
Weird huh..
I'll be running it on the day charts.

Set up on 6 pairs. the signal appears at the close of the 2nd candle. But it is not late. It is just the right time for a good move. It waits for a pull back it seems. Add ons and recovery trades are all possible. Only a catastrophic stop would be necessary. Like 400 pips or something. It is totally stop and reverse. It would only be necessary to check the monitor around the opening of the new trading day.

None of the pairs using zig zag have closed out. It's a little confusing since I have another expert set up on EURUSD.. I need to remove it.
the immortalis expert took in $4.85. Five of the zigzags are in drawdown, one is in the green. But this does not mean they are bad trades.
Just have to wait and see. Exit is on an opposite signal. Add ons are when the market is in the green but not turned around yet and revoery trades are when the market is in the red but not turned around. So far everything is pretty much flat...
This is the start of day 2.