Well there are alaready a few number of strains on mco. The previous one use a different indicators which are ParaSar and ADX with 2 tfthe longer being 15m. But that does not seem to work and so make another improvement and so it became mco5. Now what is this one which inspired during my laying on bed in the daytime during this covid19 lockdown. So we call it mco5.
For indicators I still use the macd with some mas lines. Since it work well for the platform on test with it. But now it dont have when to close (maybe in the future) and no need for kill switches either.
Ok so heres how it works
There are 5 sets of Buy or Sell switches.
The 1st one is at 1,2 only for Paroli seq. 2nd at 1,2,3 so on until the 5th one at 1,2,3,6,12,24 which is a lot.
Anyway we are still with the fact that we'll loose on if the 1st or 2nd trade fail at 1 lot fo 15pips. Other than that the trade break even.
At anytime when the indicators favors all 5 trades will open. Worst case scenarios when that trade fails where the losses will be 15 x 5 = 75 pips on 1 lot (or any amount adjusted)
When this happens the trade will readjust back to trade on 1 lot.
Lets say now the 1st trade sequence suceed we got 75pip lot, then it goes to the 2nd one at 2 lot and yet everyone fails. So much fail but we loose now still only 75 pips (eventhough it was 2 lot for every trades) as the first seq was a success.
If success trade at this level, Trade 2 will stop only here and go back to trade 1lot and keep profit of 3 lot (1+2).
3rd trade and the rest will go on to trade the next level.
