Hi Libbo,
Can't help you I'm afraid as I didn't pursue it any more for Dax or Gold. It works fine for FX pairs and I still use it occasionally on breaks of key levels / channels. My key learnings are:
- You've got to be 100% committed - if you let this EA recover for you then it will.... eventually. - BUT it might be a scary ride that takes a lot longer and uses a bigger chunk of margin than you were expecting. If you get caught in the chop be prepared for 10+ cycles regularly and if you stop at any point your loss will eclipse your original trade by many times.
- Recovery is less scary if you just go for breakeven or a tiny profit to be sure. Asking it to recover your loss AND make a profit doing so is asking too much. - you'll get scary lot sizes quickly.
- It's only a tool - not a system. Don't think you can place a random trade and eventually recover to a profit. You might on some occasions but it's like grid trading - eventually there's going to be the one that's just too big for your account. You are better off adding this to another system where you have a known chance of winning and then this tool just adds to that by recovering some of your losses.
- I don't use the auto TP and SL - I always put my own in.
Can't help with the dax but hope its of some use.
Bruster.