Minimize risk with "Bright Road"

Minimize risk with "Bright Road"

26 January 2016, 14:06
Maxim Kuznetsov
0
177
I recommend using the indicator "Bright Road" to highlight long-term trends and determine their "crisis." Focusing on color and direction of the "bright" line you immediately see a place for low-risk entries.

When the price crosses the line and its color changes to red or blue, I will make a deal. Usually after a few bars, the price goes far enough so I moved the stop loss to breakeven

Bright Road for MT 4 available on Market: https://www.mql5.com/en/market/product/13886

Version for Meta Trader 5 also available: https://www.mql5.com/en/market/product/14014

At the following screenshot: using "bright road" (depth=108) in trader`s contest.
The next bar I move stopLoss and will quietly count the net profit

Break even with Bright Road


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