This podcast audio has been taken from a
video released on the trading night Youtube channel
for a link to that. Please visit the
podcast description. Folks a few weeks ago, I
challenged 3 random traders I found on the
internet to take a brand new trading strategy,
trader for a week and not make any
mistakes. Today, you're gonna see the results of
those traders.
You're also gonna learn the strategy. I taught
them plus the extra rule that I gave
them, and you're gonna learn how you can
make the strategy even better. It's my private
mental strategy. It's all laid out here in
today's video. We're gonna see trade examples stats,
everything
all coming up right here now on trading
Right Folks. So we're gonna dive in and
have a look at these 3 traders. We've
got bog in, pasta and Ali, Thank you
guys for taking the challenge. Gonna see how
they got on. So to start off with...
We'll, have a look at Bog, and so
he took 5 trading days,
and he had 1 market that he traded,
which was Us dollar j Ui. Total trade
7 trades. So a good number of trades
here to see how he actually performed
of that 5 of those 1, very high
win rate. There was 1 loss and he
made 1 mistake. So if we have a
look at the win rate with mistakes, it
was 71
percent.
And if we have a look at the
win rate if you exclude the mistakes, is
actually an 80 percent trading strategy. This is
quite high for a trading strategy, a kind
of accumulated return if you were to give
a return on this, it was 3 percent.
So that is just basically saying we're gonna
risk 1 per trade. It gave them a
3 percent result now.
I'm gonna find out where the guy placed
compared to the other traders, so let's have
a look at that. He was actually the
second
most profitable out the 3 traders. So past
let's have a look at him.
Only traded 2 days. Now he traded
gold and bitcoin. Right? So kind different markets.
Bitcoin, I don't know if it really works
on Bitcoin, but anyway, that's what he decided
to trade. You only took 4 trades probably
because of the 2 days worth of trading
of that only 1 once and lost twice
with 1 mistake.
Now this resulted in
a win rate which wasn't as good obviously
as bog in, only 25 percent when you've
include the mistakes and without base, it was
33. So quite a low win rate, but,
look, only 2 days, so it kinda makes
sense. Minus 2 return, which puts him in
third place here now. Let's have a look
at Ali. So Ali traded the full 5
days, which is good because you get a
bit more data. He traded gold only, which
was a appear we kind of recommended.
And he took a 11 trade on gold,
which is a lot. That's a lot of
trades, 7 wins.
2 losses.
And 2 mistakes. Now, these mistakes have got
know here will break even. So basically sort
of managed to get out of those for
breakeven.
So with mistakes, let's have a look at
the percentage there, was 64 percent bearing in
mind that, you know, these ones were break
humans. So it kind of was a bit
higher 78 percent is where we're lying. So
the 80 and 78 is doable when you've
got a bigger sample size of trades in
trading, I guess, known markets that this works
on. So he came first and the in
return there was 4 percent Now. If we...
I suppose break this all down and have
a look at these averages,
average win rates probably want to look at
here. So
that was 59 percent with the mistakes people
had made. So
you try not to make mistakes. If you
didn't make mistakes, the average is 72, and
that is a weighted average. So, obviously, there
less trading days and less trades for pasta,
so that's why that 1 rate is higher
overall. Yeah. We won't even have a look
at these. We don't really need to have
a look at them. Let's get dive and
have a look at some of the trades
they've taken. This was a trade that pastor
taken. So he drew it on with the
chart because of it just wasn't there to
to show Now, Ali actually gave us a
full run rundown here. All of the detail.
There's... I think it's like, a 7 or
8 page document. The whole trading account, what
he back tested. So you got trades here.
We're gonna go through the rules of these
strategies, the strategy in a second.
And then let you know how you can
make it even better. So this is 1
of the traits. You see the green line,
faint green line there.
We won't go through too many of them,
another green.
Basically marked down every trade. I think this
was a loss there's was a green there.
I don't know... Either there we go. It
was a win overall on the day It
was a loss. Now. This 1 was a
bit weird the stop loss was way too
big for this. I think he had the
rule incorrect there. But, yeah, he's marked everything
down along with Bog in This was 1
of the tracey he took where he gotta
win. Now if you're loving the show and
thinking we're gonna go and trade, why don't
you check out my pop sponsor Blue Guardian.
Now these guys have been around for age
is a be sponsoring trading up for over
a year and some of the key features
that make them so good is that they've
got realistic profit targets for their challenge phases,
it's only 8 or 4 percent. They was
save a scaling plan up to 2000000 dollars
and they do profit splits of 85 percent,
which is really high for this in the
tree, they also have quick and reliable payouts
and a robust reserve that make sure those
payouts are as seamless and smooth as possible.
Now, if you're looking to join, go and
check them out But first, grab my coupon
code trading that all I'm word. You're gonna
save yourself 25 percent off at checkout. There's
a link in the description go that now,
right, let's get back on with the show.
Right, folks. So there's trading strategy, and there's
also thoughts about our strategy. So we're gonna
hear the thoughts on the 3 traders. What
do they think about this trading approach. So
Bog he had,
overall, he said, this what he said. Overall,
I feel like this is a really nice
straightforward strategy. The accounts positive, Ali had, kind
of similar response. It's a nice strategy, and
it's really profitable with some quotes he had.
And even past the said that I love
the simple rules like this that cut out
that subjective component where... Which most strategies do
have So folks, the overall feedback was positive
right. Let's dive into the next part. Alright.
Folks. Let's dive in and have look at
these rules here. So we've got short trade
example rules and the it's literally the opposite
for the by trades or the long trades.
So the first rule is that the 20
and the 14 Ema need to be an
order now 14 Ema is the extra rule
that wasn't given in the last video, but
we're giving it today. So you can see
here that's the 14. And that's the 20
there in order. So therefore, you're looking for
shorts. Now this trade here is highlighted because
this isn't a perfect example of 1 of
the trades that we would take. Now this
is yesterday. Right? So this is yesterday. So
I'm recording this on the 20 fifth. We'll
go through the whole day and have a
look at what trades actually played out. Price
closes below the 20, which we've got as
well. So they're an order it closes below
the 20
bull followed by beer. So we got the
bull. We've got the bear. That's what we're
looking for.
The bear has a small bottom wick You
got a small bottom wick on the bear.
Yep.
Stop loss at the high of the beer
or close ish recent high. So this is
the only part discretion really in this strategy.
So in this case here, you could put
the stop loss there, but for the sake
of, like, what are we talking here?
2.4
pip. You're gonna put your stop loss there
and sacrifice
the extra 2.4 pip and the ability to
get 1 hour
just because you're gonna have a wider stop.
Now you probably... You were not gonna put
your stop way up here for that little
pivot high or or way up here because
it's just too far away. Right? But that
is more than doable to put it there.
So that's the only bit of description with
the strategy is where you put your stop.
Target the range of the beer, So you're
you're gonna take the range of the beer.
So that's from the high to the low
in this case is 18.2 pip, and you're
gonna
enter at the close of the bear. Okay?
So when that beer closes and that candle
starts to open, you'd enter the air and
target were 18.2
pip.
Which is the
range of the bear. Okay? So just keep
that in mind. I know that was a
question that popped up last on. So At
TR5 above 4 pip. So we've got the
4 pip At there. And this is At
TR5 You can see that we're clearly above
that for pretty much the duration of this
Us dollar
Session,
and
5 minute chart entry
And then last but not least, the tick
volume needs to be higher than the prior
bar. So we've got the prior bar volume
here.
This is the current bar volume, and you
can see that it is higher. Let's just
mark that off.
Right. So that's higher. So therefore, we're good
to take that trade So let's mark this
trade off and then try and find some
other trades on this session which is yesterday.
So it's July 20 fourth that I recorded
this.
And I believe when this is going live,
there's literally the day before. So our stop
loss is gonna go above the high, and
we're gonna enter there we don't get stopped
out. So you can see here it gets
very close, but we don't get stopped out.
And then the next thing we're gonna do
is take the range of this
candle.
And that would be our target. So we
get in there, when do we get out?
We actually get out over here.
So that was the that trade there.
And the next trade we get, I'm just
gonna grab that arrow is over here. So
this is another prime example so you've got
volume above closes below. These are an order.
We're gonna put our stop loss at the
high, the recent high
and enter it the close there, and then
we're gonna take that range of the beer
handle
to be... I'll take profit. So We don't
get 1 hour with that trade, but we
still do alright.
Now the next 1 we've got is I
believe it's this 1 here. So, yep, another
setup.
So this is all in the Asia session.
Now we're gonna probably put our stop loss
up here,
enter at the close.
And then we're targeting the range of that
candle now. Because of this, it actually does
end up being a 1 hour trade. We
get out there. Let's just mark that off.
And I'm not just gonna mark off the
next few trades?
So did we get 1 here? No We
didn't because it was lower volume.
Did do we get 1 here at low
lower volume?
Now there was 1 here that was kinda
iffy for it was, like, equal volume might
have taken that. But we're just gonna ignore
it for now. Let's have a look. Now
these are still an order. We haven't got
any small wick.
Let's have a look.
Now we flip 2
longs here.
Let's to get a different cut kind of
arrow So we're looking for bullish
see when we're above there. The 8 hours
is still really high. So it's all good.
We haven't got any bearish setups that are
coming in, that volume not higher.
Let's have a look. Let's have a look.
This 1 here.
So we're just gonna
grab that. So those are now an order,
small work, higher volume,
so we now get another sell trade.
So that's another 1 that goes. So where
would we put our stop loss there. So
you could put it there. It is a
little bit too high. You're probably actually gonna
maybe put it there if you wanna be
conservative or just leave it where it is
in a way you go, you get your
1 hour there, that's another win.
Have a look, This is a potentially another
setup, lower volume, unfortunately.
That 1,
no equal volume
slightly higher volume in the air. So this
was another 1 that won
here,
if we get any others nope.
This 1 here, higher volume.
So another win
This is actually a crazy good day for
the strategy. It's... And the volume sort of
dies down here, so you probably just it's
too choppy in there. So let's go with...
Is there any more...
That 1 there was high volume. So you
might have wanted to take this as well.
Now your stop loss needs to be.
Okay. You may have got stopped out just
on that 1 if you had your stopped
there,
that would have put probably been a loss.
So 1 loss. Let's call it 1 loss.
Let's just be fair. It was 1 loss
there. Stop loss would have been just taken
out by a couple of pip.
And
we will count them up. So 1 loss,
123456
wins. So 5 heart in the day with
this approach. Now, there's a way to make
this strategy better. You're gonna find out a
second, but I just wanna prove you that
this is literally the market. You can see
here. This is the last bar on the
market right? So this is just yesterday's trades
on
Us dollar Jp 5 minute chart. You can
see the tech chart just moving there. So
is the live live market that we
have just randomly picked the day and is
had all these winners. Okay? So folks, what
do you need to do to find out
how to improve this strategy? So that's coming
up right now.
Hey folks. What of you behind me. I'm
at Black markets headquarters here in Auckland, New
Zealand. Speaking of views, and you can get
trading view paid plans for free at Black
markets, saving you up to 600 dollars a
year. That's right I get either the essential
plus or premium plans absolutely free and all
we need to do is trade from 1
lower a month at Apple markets and you
can also get a 100 see deposit bonus
for your first deposit up to a thousand
dollars all you need to is click the
trading that link in the description below. Alright,
Folks. If you want to find out how
to make this strategy even better. You've got
a challenge. So the challenges do jump into
the comments of this video
and tell me your ideas on what you
think the rules are to make this strategy
a multiple
strategy. That means that instead of going for
a 1 to 1, which is the strategy
at the moment, you can go for a
1 to 2, 1 to 3, 1 to
4, 1 to 5, 1 to 6. What
are the rules
to actually make this strategy even better. Now.
I'll give you a little hint. Ar, who
has been on this... Where we saw as
a results actually just sent me an email
today and said that he found a way
to make this a 7 hour strategy.
So he knows He's worked out some ways
to do it. I don't know if he's
worked out the way, but he's worked out
some ways to improve the strategy, So it
is a very
strong approach. Now if you have your ideas,
check them in the comments, what we're gonna
do is do a live stream price draw
but whoever won this. So whoever gets it
right is gonna go on the drawer to
win the whole package. Right? The whole package
of the strategy, there is a package coming
If you do wanna see the live stream
price draw, then there's gonna be a link
below this video and in the comments to
the telegram where we will be announcing the
live stream price rule that you can go
and join and see if you won so
who won,
that kind of thing... So folks I wanna
see you over there. Go and click that
link. Join that telegram so you can see
the live stream. Put your answers in the
comment of this video.
And we'll see you when we've got the
results in in a couple of weeks. Alright,
if folks have a great rest of the
trading week and we'll see you in the
next episode of trading up.