Live example

Now at long EURGBP 0.8726. Risking less 1% account. A common mistake that new traders is to overtrade or overleverage. They risk too much that 1000p dd meant a bust account. In our case 1000p dd wont dent the account.
Pulled the trigger after hitting the lower extreme band H4,also hit the bottom/extreme channel with an up candle.Lets see.Targeting only few pips since its in dd. Much to learn by experiencing drawdown.
The next step for me is diversify..trading only one pair wouldnt be enough.There will time that we will be experiencing dd so we must add few more pairs to our portfolio. Make profits while stuck in dd period will make sure we make money faster. A trader said he was making lots of money even trading pennies/nickels,those few thousand pips do add up even when the lots size is small so to sustain dd. Profits will ensure we can kill the dd trades faster,also eliminating the sheer boredom of waiting.
The trick is what other pairs we can trade.Low volatility will be our obvious target. I chose AUDNZD ,EURUSD (correl USDJPY/EURJPY) , USDJPY (GBPUSD/GBPJPY) and a couple more pairs to supplement our trades. Those pairs are made from the majors, not the exotics. Hope for the best.