Crimson Red Dragon, Activation — 1,000,000 yen → 100,000,000 yen Challenge, broadcast has started
Today, September 7, we deposited 1,000,000 yen into a dedicated account and started the “1,000,000 yen → 100,000,000 yen Challenge,”追い追い continuing the compounding operation of the new EA “Crimson Dragon.” In the articles so far, we have explained the mechanism, final adjustments, and how it differs from existing EAs; from today, we will finally show the actual operation in action.
Today is a U.S. Labor Day, so the U.S. stock and bond markets are closed, and currency markets tend to be thin. Gold is continuing a range in the low $4,400s, with no flashy price movement and a calm startup.
This week, the main focus will be Thursday’s PPI and Friday’s CPI (both for August). They are the final indicators for gauging prospects of rate hikes in the U.S. and Japan (FOMC on Sept 16 and Bank of Japan meeting on the 17–18). For Crimson Dragon, this first week will quickly shift from a quiet start to a market driven by events.
Crimson Dragon is the opposite of a typical averaging-down strategy; it adds to rising buy positions and adds to falling sell positions, a pyramiding-type EA. Buying and selling operate independently, and all price ranges are automatically adjusted based on ATR (volatility).
It is a newborn EA with zero backtests or real-world performance yet. This stream itself is Crimson Dragon's first real test in the field. It is not a promise to reach 100 million yen; the probability of not achieving it is higher. Nevertheless, we will honestly pursue both good outcomes and not-so-good outcomes here.
We have previously been delivering the day-trading EA “Golden Rule,” but from today, we are switching its delivery frame to this challenge stream. There are no changes to the product’s sales or specifications; this is a strategic switch to center the daily updates on the Crimson Dragon challenge. Going forward, we will continuously show how 1,000,000 yen progresses through this stream.
From today, you can view the stream on YouTube Live. See the account balance and unrealized P/L update in real time. We will bring both good days and days with unrealized losses as they are.
※This article is intended to provide information and not to solicit investments. The results shown are past performance and do not guarantee future profits. FX/CFD trading involves risk. Please make investment decisions at your own responsibility.