PROOF: This Trading Strategy Can Make You Profitable The 1st Week!
Summary
TLDRIn this video, the host challenges three random traders to implement a new trading strategy over a week, aiming for no mistakes. The results reveal varying win rates and profitability, with one trader achieving an 80% win rate without errors. The host outlines the strategy, which includes specific EMA criteria, candlestick patterns, and volume conditions. Viewers are then invited to suggest improvements to scale the strategy's profitability, with a live stream prize draw for the best suggestions, sponsored by Blue Guardian and Blackball Markets.
Takeaways
- 😀 The video presents the results of a challenge where three random traders tested a new trading strategy over a week.
- 📈 The strategy taught to the traders resulted in varying degrees of success, with one trader achieving an 80% win rate without mistakes.
- 🤔 The video includes an additional rule not previously mentioned, which involves the use of a 14 EMA in conjunction with a 20 EMA for trade decisions.
- 📊 Bogden was the second most profitable trader, achieving a 3% return with a win rate of 71% including mistakes and 80% excluding them.
- 🏅 Ali was the most profitable, with a 4% return and a win rate of 64% including mistakes, which improved to 78% when mistakes were excluded.
- 🥉 Pasta had the lowest performance, with a 25% win rate including mistakes and 33% excluding them, resulting in a -2% return.
- 📝 The video emphasizes the importance of not making mistakes to improve the win rate and profitability of the trading strategy.
- 📉 The video provides a detailed analysis of each trader's performance, including specific trades and their outcomes.
- 🎯 The strategy involves specific entry and exit criteria, including the use of EMAs, candlestick patterns, ATR, and tick volume.
- 💡 The video challenges viewers to improve the strategy by suggesting ways to increase the risk-reward ratio from 1:1 to higher multiples.
- 🎁 The video offers a prize draw for viewers who comment with their ideas on improving the strategy, with a chance to win a comprehensive package on the strategy.
Q & A
What was the main challenge presented to the three traders in the video?
-The main challenge was to take a brand new trading strategy, trade it for a week without making any mistakes, and to see the results of their performance.
How many traders participated in the challenge and what were their names?
-Three traders participated in the challenge: Bogden, Pasta, and Ali.
What was the performance of Bogden in terms of win rate and profit?
-Bogden had a win rate of 71% with one mistake and an 80% win rate excluding mistakes. He was the second most profitable trader with a 3% return.
How did Pasta perform in the challenge and what was his ranking among the traders?
-Pasta traded for only two days, had a win rate of 25% with mistakes and 33% without, and was the least profitable, ranking third.
What was Ali's performance in terms of trades, win rate, and profit?
-Ali traded for the full five days, made 11 trades with gold, had a win rate of 64% with mistakes and 78% without, and was the most profitable with a 4% return.
What was the average win rate for the traders when including and excluding mistakes?
-The average win rate including mistakes was 59%, and excluding mistakes, it was 72%.
What is the significance of the 14 EMA in the trading strategy presented?
-The 14 EMA is an extra rule that wasn't given in the previous video but is essential for identifying short trades when it is in order with the 20 EMA.
How does the stop loss work in the trading strategy and where should it be placed?
-The stop loss in the strategy should be placed at the high of the bear engulfing candle or the recent high, with some discretion allowed for the exact placement.
What is the role of the ATR (Average True Range) in the strategy?
-The ATR is used to determine the position of the stop loss. The stop loss should be set at a level that is 4 pips above the ATR 5 value to ensure a 1 R (Risk Reward Ratio) trade.
What is the importance of tick volume in the strategy and how does it affect trade decisions?
-Tick volume is crucial as it needs to be higher than the prior bar to confirm a valid trade setup, indicating increased market activity and potential for a profitable trade.
What is the challenge presented to the viewers at the end of the video and what is the incentive?
-The challenge is for viewers to suggest ways to improve the strategy to achieve a higher risk-reward ratio. The incentive is a live stream prize draw where the winner will receive the whole package of the improved strategy.
Outlines
📈 Trading Strategy Challenge Results
The video introduces a trading strategy challenge where three random traders were tasked to implement a new strategy for a week without making mistakes. The results are presented, showing varying levels of success. Bogden, the second most profitable, traded USD/JPY with a 71% win rate including mistakes and an 80% win rate excluding them, resulting in a 3% return. Pasta had a lower win rate of 25% including mistakes and 33% excluding them, with a -2% return. Ali had the highest profitability with a 64% win rate including mistakes and 78% excluding them, resulting in a 4% return. The average win rate was 59% with mistakes and 72% without, indicating the strategy's effectiveness when executed correctly.
📊 Dissecting the Trading Strategy and Rules
The video delves into the specific rules of the trading strategy, emphasizing the importance of the 20 and 14 EMA being in order for short trades. It provides a detailed example of a short trade setup, highlighting the need for the price to close below the 20 EMA, the presence of a small bottom wick on the bearish engulfing pattern (BEAR), and the stop loss placement at the high of the BEAR or the recent high. The strategy also includes a target range based on the BEAR's high to low, an ATR above 4 pips, and a tick volume higher than the prior bar. The video demonstrates how to apply these rules in real trading scenarios, showcasing multiple trades and their outcomes.
🤑 Improving the Strategy for Higher Returns
The video concludes with a call to action for viewers to suggest improvements to the trading strategy in the comments section. It hints at the possibility of transforming the strategy into a multiple R strategy, potentially increasing returns from 1:1 to ratios like 1:2, 1:3, or higher. The video mentions that Ali, one of the traders, has found a way to improve the strategy to a 7R strategy. The challenge encourages viewers to think critically about the strategy's rules and to share their ideas for a chance to win a comprehensive package related to the strategy. The video also mentions a live stream prize draw for participants and provides a link to join a Telegram group for further details.
Mindmap
Keywords
💡Trading Strategy
💡Win Rate
💡Mistakes
💡Cumulated Return
💡EMA (Exponential Moving Average)
💡Stop Loss
💡Take Profit
💡ATR (Average True Range)
💡Tick Volume
💡Scalping
💡Improvement
Highlights
A new trading strategy was introduced and tested by three random traders found on the internet.
The traders were challenged to execute the strategy for a week without making any mistakes.
The results of the trading challenge are presented, revealing the performance of each trader.
Bogden, one of the traders, achieved a high win rate and was the second most profitable.
Past, another trader, had a lower win rate and placed third in profitability.
Aly, who traded gold, had the highest return at 4% and won first place in the challenge.
The average win rate with mistakes was 59%, and without mistakes, it was 72%.
The video provides a detailed breakdown of the trading strategy, including entry and exit rules.
The importance of the 20 and 14 EMA in determining trade direction is explained.
Traders provided feedback on the strategy, with all finding it straightforward and profitable.
The video includes a live demonstration of the strategy on a 5-minute chart of USD/JPY.
A specific trade example is shown where the stop loss and take profit were set based on the strategy's rules.
The strategy's performance is analyzed, with a focus on the number of wins and losses throughout the day.
A challenge is issued to viewers to improve the strategy for higher returns.
Ali, one of the traders, claims to have found a way to make the strategy a 7R strategy.
A live stream prize draw is announced for the best strategy improvement suggestions.
The video concludes with an invitation for viewers to join a Telegram group for the prize draw results.
Transcripts
folks a few weeks ago I challenged three
random Traders I found on the internet
to take a brand new trading strategy
trade it for a week and not make any
mistakes today you're going to see the
results of those Traders you're also
going to learn the strategy I taught
them plus the extra rule that I gave
them and you're going to 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 going to
see trade examples stats everything all
coming up right here now on trading up
right we're going to dive in and have a
look at these three Traders we got
Bogden pasta and Ali thank you guys for
taking the challenge we're going to see
how they got on so to start off with
well let's have a look at Bogden so he
took five trading days and he had one
market that he traded which was us JPY
total trades seven trades so a good
number of Trades here to see how he
actually performed of that five of those
one very high win rate there was one
loss and he made one mistake so if we
have a look at the win rate with
mistakes it was
71% and if we have a look at the win
rate if you exclude the mistakes It's
actually an 80% trading strategy this is
quite high for a trading strategy a kind
of cumulated return if you were to give
a return on this it was 3% so that is
just basically saying we're going to
risk one R per Trade It gave him a 3%
result now we're going to find out where
this guy placed compared to the other
Traders so let's have a look at that he
was actually the second
most profitable out of the three Traders
so past let's have a look at him only
traded two days now he traded gold and
Bitcoin right so kind of different
markets Bitcoin I don't know if it
really works on bitcoin but anyway
that's what he decided to trade he only
took four trades probably because of the
two days worth of trading of that only
won once and lost twice with one mistake
now this resulted in a win rate which
wasn't as good obviously as bog
only 25% when you've include the
mistakes and without mistakes it was 33
so quite a low win rate but look only
two days so it kind of makes sense minus
two return which puts him in third place
here now let's have a look at Aly so Aly
traded the full five days which is good
because you get a bit more data he
traded gold only which was a paer we
kind of recommended and he took 11
trades on gold which is a lot that's a
lot of Trades seven
wins two losses
into mistakes now these mistakes I've
got to not here were break even so he
basically sort of managed to get out of
those for break even so with mistakes
let's have a look at the percentage
there was
64% bearing in mind that you know these
ones were break heans so it kind of was
a bit higher 78% 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 no and markets that this
works on so he came first and the in
return there was 4% now if we I suppose
break this all down and have a look at
these averages average win rate is
probably one to look at here so that was
59% 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 was less trading days
and less trades for pasta so that's why
that one 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
dive in and have a look at some of the
tra they've taken this was a trade that
Pastor had taken so he drew it on with
the chart because of it just wasn't
there to to show now uh Ali actually
gave us a full rundown here all of the
detail there I think it's like a seven
or eight page document the whole trading
account what he back tested so you've
got trades here we're going to 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 one of the trades here you
see the green line faint Green Line
there we might go through too many of
them another green basically marked down
every trade I think this was a l but
there's a green there I don't know oh
there we go it was a win overall on the
day it was a loss now this one 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 Bogden this was one of
the trades he took where he got a win
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let's get back on with the show right
folks so there's trading strategy and
there's also thoughts about a strategy
so we're going to hear the thoughts on
the three Traders what do they think
about this trading approach so Bogden he
had uh overall he said this what he said
overall I feel like this is a really
nice and straightforward strategy the
account is positive Ali had kind of a
similar response it's a nice strategy
and it's really profitable was some
quotes he had and even Pastor said I
love the simple rules like this that cut
out that subjective comp component where
which most strategies do have so folks
the overall feedback was positive right
let's dive into the next part right
folks let's dive in have a look at these
rules here so we've got short trade
example rules and the it's literally the
opposite for the buy trades or the long
trades so the first rule is that the 20
and the 14 EMA need to be in order now
the 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 that's the 20 there in order so
therefore you're looking for shorts now
this this trade here is highlighted
because this is a perfect example of one
of the trades that we would take now
this is yesterday right so this is
yesterday so I'm recording this on the
25th we'll go through the whole day and
have a look at what trades actually
played out so 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 beer that's what we're
looking
for the beer has a small bottom Wick you
got a small bottom wick on the beer yep
stop loss at the high of the beer or
close is 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 Pips you're
going to put your stop loss there and
sacrifice the extra 2.4 Pips and the
ability to get 1 R just because you're
going to have a wider stop now you
probably you're not going to put your
stop way up here to that little pivot
high or or way up here cuz it's just too
far away right but that is more than
doable to put it there so that's the
only bit of discretion with the strategy
is where you put your stop
loss uh Target the range of the beer so
you're you're going to take the range of
the beer so that's from the high to the
low in this case it's 18.2 Pips and
you're going to enter at the close of
the bear okay so when that bear closes
and that candle starts to open you would
enter there a and Target 18.2 Pips which
is the um Range of the beer okay so just
keep that in mind I know that was a
question that popped up last time so at5
above four Pips so we've got the four
pip ATR there and this is ATR 5 you can
see that we're clearly above that for
pretty much the duration of this Us doll
JPY session and five 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 that's 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 24th that I recorded this and
I believe when this is going live it is
literally the day before so our stop
loss is going to go above the high and
we're going to 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 going to
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 tra that
trade there and the next trade we get
I'm just going to grab that arrow is
over here so this is another prime
example so you've got volume above
closes below these are in order we're
going to put our stop loss at the high
the recent high and enter it the close
there and then we're going to take that
range of the bear candle to be our take
profit so we don't get one hour with
that trade but we still do it all right
now the next one we've got is I believe
it's this one here so yep another setup
so this is all in the Asia session now
we're going to 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 going to mark off the next few
trades so did we get one here no we
didn't because it was lower
volume did we get one here low lower
volume now there was one here that was
kind of e it was like equal volume might
have taken that but we're just going to
ignore it for now let's have a look now
these are still in order we haven't got
any small
Wicks let's have a look now we flip to
Longs here
here let's get a different kind kind of
Arrow so we're looking for bullish
setups when we're above there The 8 Hour
still really high so it's all good we
haven't got any bearish setups that are
coming in that volume's not higher let's
have a look let's have a look this one
here so we're just going to grab that so
those are now on order small Wick higher
volume so we now get another sell trade
so that's another another one 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 going to maybe put it there if
you want to be conservative or just
leave it where it is and Away you go you
get your one R there that's another win
let's have a look this is a potentially
another setup lower volume unfortunately
that one no equal
volume slightly higher volume there so
this was another one that
one here um any others no this one here
higher volume so another
one this is actually a crazy good day
for the shedy 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 one 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 one if you had
your stop there that would have probably
been a loss so one loss let's call it
one loss let's just be fair it was one
loss there stop loss would have been
just taken out by a couple of Pips
and we will count them up so one
loss one two
three four five six wins so five hour in
the day with this approach now there's a
way to make this strategy better you're
going to find out in a second but I just
want to prove to you that this is
literally the market see here this is
the last bar on the market right so this
is just yesterday's trades on us doll
JPY 5 minute chart you can see the tech
chart just moving there so it is the
live live market that we have just
randomly picked this day and has 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 one of you behind me I'm
at blackball markets headquarters here
in Oakland New Zealand speaking of VI
you can get trading view paid plans for
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below all right folks if you want to
find out how to make this strategy even
better you've got a challenge so the
challenge is to 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 uh strategy
that means that instead of going for a
one: one which is this strategy at the
moment you can go for a 1 to two 1: 3 1
to four 1 to 5 one to six what are the
rules to actually make this strategy
even better now I'll give you a little
hint Ali who has been on this who we saw
as results actually just sent me an
email today and said that he found a way
to make this a 7R 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
going to do is do a live stream prize
draw but whoever won this so whoever
gets it right is going to go in the draw
to win the whole package right the whole
package of the strategy there is a
package coming if you do want to see the
live stream prize draw then there's
going to be a link below this video and
in the comments to the telegram where we
will be announcing the live stream prize
draw that you can go and join and see if
you won see who won um that kind of
thing so folks I want to 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 all
right folks have a great rest of the
trading week and we'll see you in the
next episode of trading n
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