Five candle dragon expert

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.

An hour before closing I need to take a look if there are any set ups for when the market opens.
Stellar day $63 so far 2 hours before closing.

Only 2 pairs had the 5 candle pattern. So that's it for the new trading day. AUDUSD and AUDNZD
Looking good. 34 pips profit... 2 hours into Tokyo. candle is reversing nicely.
Day candles form differently for different UTC brokers. this is set up on aaafx but the 5 candle set up was identified on Tradersway.
Wonder if getting the two setups to agree would increase the probability of a good signal. Separated by 2 UTC

Five candle reverse. But also if there are 6 candles or more...
This is looking so good. Only the two pairs had the 5 candles or more... Both terrific.
US just opened let's see what happens.
I really want to go live with this one.

Out of all the pairs monitored only NZDUSD had the 5 candle set up.
Great so far... 20 pips profit an hour before London opens.
I neglected to set the trade time properly so lost 3 hours trading time.

GBPCAD and NZDCAD the only two pairs with the 5 candle set up.
lot of action in the two. By London close +$25... The candle may not reverse after the 5 candle run up (it was 6 candle run counting the doji which closed slightly up) but there was enough volatility, wild ride, that although they may both close up tonight the trades were all closed nicely. looks like they might form a 6 candle run (7 candle run) by both pairs closing up again. If so I will stay short until a candle closes down. Tomorrow is Friday.

Way to go... Set up 3 pairs
GBPCAD and NZDCAD stayed short as they went to their 6th candle long...
Added GBPNZD short on the 5th candle..
All traded much the same way. Stalled out at the top of big run up with lots of volatility and a slight downward bias..
Perfect for the expert set up to trade short only..
I had to take rest and when I woke up I found this.
They all traded like the one in the screenshot.

On Friday the expert should be shut down right after London close to avoid being in any kind of significant positions over the weekend.

Education is expensive. Especially for someone as slow to learn as myself.
On Friday the dragon kicked butt all morning during London on three pairs that had the 5 candle set up
But after London closed the market reversed, which is a common occurrence and during NY the dragon got caught in a sudden trend reversal.
end of the day down twice a much as it gained in London.

I didn't want to be in significant positions going into the weekend. Closed everything for loss.
there is a function in the expert that I didn't consider. A profit target setting. I see the great advantage of this setting now.
But there seems to be a problem setting the equity goal. I have emailed the author to explain how to use the function.

In the meantime I have a found a very valuable expert that will close all orders when equity goal is reached and shut down the auto trading..
It has to be removed from the chart and reassigned if parameters are to be reset. Just clicking into properties will not reset parameters.
This was updated for build 646 but mt4 is in the 1000 range of rebuilds now. So will have to see open market demo if there is any problem.

The expert messes up. It closes auto trading down too late. it closes all the open trades but the trading robot manages to open a new trade before the equity guard can close it down. So it closes the trading expert and leaves an unmanaged trade running loose.