Order Block Trading Strategy | Backtesting XAUUSD | Week 3

[@dax4915]

I'm enjoying these videos. Good job. With regards to worries about videos being too long due to "clicking slow", don't be: Accuracy should trump time and one wants to look at each and every setup available according to the rules, entering as one would during live trading when time is ample, then later possibly syphoning out missed trades due to time of day and availability. By going too fast and missing some trades, you do miss winners yes, but importantly you miss losers. At the end of the day, the losers may not have a big impact on the net result, but they have a massive impact on trading psychology during the trades. When one misses trades and especially miss consecutive losers during back-testing, the impact is exponential during live trading, as one's data doesn't show those losers and one didn't experience those losers, didn't experience the doubt. My favourite part of this video was around 18:00, because THAT right there is what can cause problems: Down for the week, in a few trades with no profit taken yet, that is when one may start to question one's positions and decisions, again especially if not encountered during back-testing. I enjoyed being part of that part of the journey right there. Of course you may be considering analytics of vids, length and your personal time doing the back-testing, but I'd suggest not worrying about a video being too long due to slow clicking, but rather clicking slow, analyzing as one would during live trading conditions and executing as such. I believe those who are interested in actually trading and who do their homework, won't have an issue with long videos, since back-testing properly takes a long time. If the videos become too long for your liking, rather break them up and release bi-weekly or tri-weekly. Good job overall and wishing you good trading in the future.

[@TradeForexwithPaul]

Honestly mate, thank you so so SO much for such a kind and well thought out comment! You're totally right with slowing down on clicking through and missing losers as well as winners. I find that when deciding a directional bias realistically I only want to be trading in one direction, though when the opportunity presents itself I'll get involved in a short counter-trend trade. This has made my day - thank you 🙌🏼

[@dax4915]

@@TradeForexwithPaul I'm happy I could have a positive impact on your day and I appreciate your kind words and for having a positive impact on my day as well. I have very much the same mindset as you with regards to biases. Thanks for sharing. Looking forward to your next upload..

[@brianpaterson2391]

Absolutely loving your take on Order Blocks. I'm at the very early stage of getting my head around setting up the blocks and entry points but seriously looking forward to mastering it. Thanks for unchaining me from Support and Resistance. All those years wasted putting my faith in, effectively, a random line. Really appreciate your effort and time.

[@TradeForexwithPaul]

really appreciate that response, Brian. I was the same... used to always look for support/resistance and it only just clicked maybe a year ago that they don't mean a thing and I was right all along that it's order flow in the form of supply and demand. Glad it's helped mate

[@robertogarza-leonard761]

great videos. great contents. impressive will to teach and share... thanks a lot. i'm starting form zero and is making more sense to me while running through your videos., not running, studying them.. one of the many things that impress me is your command at making decisions... great mentorship .

[@vignessiva6011]

These backtesting videos are so powerful in bringing further clarity for trading the order block strategy, another quality video Paul! 🔥

[@TradeForexwithPaul]

Thanks so much Vig! Glad you're enjoying them mate

[@joshchapman7462]

really enjoying these backtesting videos I am working through them, great content! please keep this up it's great to see how other traders view and concur the market! PS it doesn't get boring at all! thankyou

[@TradeForexwithPaul]

Really glad to hear that mate, thank you :)

[@marionunes9219]

Top quality from a top bloke. Much appreciated. Best regards

[@TradeForexwithPaul]

Thank you dude. Just seen this

[@petebaron8842]

So cool. I always look forward to these videos. Pure Gold. I’ve been a full time trader for 5 years. I’m at the stage where I’m not losing, however not making a whole lot either. I really hope you have a mentorship group someday. I mark my charts like your and follow step by step. Walking through the process. I’m starting to really understand it. Your very good at teaching. Thanks 😊

[@TradeForexwithPaul]

I really love this. Thanks mate. It'll all start to make sense soon, there's no doubt about it. Mentoring I might do as a 1-off session with 4 or 5 people whilst the course is still in production

[@petebaron8842]

@@TradeForexwithPaul I would certainly be interested in that. I try not to bug you about it, out of respect for your time. I’m sure you get lots of requests. I am very interested to learn. Everything is pretty easy on the 4H and 1H for me. I start losing my direction when I spend to much time on the lower timeframes. Thanks for everything.

[@NAS100-DISIPLINED]

I love these back testing vids especially on gold.

[@rayyyy1706]

Great videos, Paul. Thanks for creating these!

[@TradeForexwithPaul]

Glad you like them!

[@goodhopemthembu5830]

Great job Paul. I am looking forward to the course. God bless you.

[@TradeForexwithPaul]

Thanks so much my friend. Looking forward to having you aboard

[@HannahRanita]

Hi Paul. Thank you for the new backtesting video. Very excited for the trading course. Please take your time and don't feel too stressed about it. You have been giving us alot of content to study with :)

[@TradeForexwithPaul]

Hi again Hanny, thanks so much - I've just seen this :) Working on the course content this evening. I'm about 20 videos in... maybe 10 more to go and then I will just gradually add to it based on people's feedback. Thanks again :)

[@AGBLoGiC]

Absolutely great content I’m loving all this backtesting videos I hope you keep bringing more out. They have helped me lots and have made me want to master supply and demand, already seeing great profits on my backtesting

[@TradeForexwithPaul]

I'm loving this mate - so glad to hear that! Keep up the good work!

[@jonsharp6924]

Love the new video! The new mic sounds great. Longer the video the better if you ask me. You make practicing fun, entertaining as well as educational. Also educational based on the foundation of truth in trading and that’s pretty hard to find. You’re handing out fishing poles here and if anyone has spent any time at all back testing they’ll get it pretty quickly. Thank you!

[@TradeForexwithPaul]

Haha thank you so much! I really appreciate all of that comment! Really glad you're enjoying the content

[@spellmynameinallcaps]

definitely looking foward to the course! thank you for what you do Paul

[@TradeForexwithPaul]

Thank you kindly Eric!

[@andrewmoore5060]

Great content. Can you go a little more in depth on how you select your trading ranges and directional bias please? Looking forward to the course. Thanks.

[@TradeForexwithPaul]

Thank you- sure, I will do :)

[@krausedmb]

Paul, the videos are excellent! Thanks

[@TradeForexwithPaul]

Really glad you like them! Thanks so much my friend!

[@DrBobTaint]

awesome as usual. to answer your question at the end, two weeks of back testing in one video would have been great, at least for me, unless that would significantly restrict the frequency with which you produce content.

[@TradeForexwithPaul]

Thanks very much Joe! Yeah, I may try for 2 weeks at a time. Its just the time in which it takes to produce. Each video of 1 week is essentially 10 hours (I'm not very good at editing but so surprised at how many times I'll cough or make a silly sound which needs cutting out 😅)

[@ibrahimalhasani9167]

great job bor, any update about your training course ? I am looking forward strongly to hear about the course and discord , plz let me know

[@TradeForexwithPaul]

So sorry its taking ages to set up on discord. Will be soon mate. Just setting up payment gateway now

[@savco3908]

Extremely impressed.

[@TradeForexwithPaul]

Thank you

[@frenzy_xbt3312]

Do you have private mentorship places? Or a Discord or something similar, very helpful videos 👊🏻

[@TradeForexwithPaul]

Yes mate, I'm considering running a 2 hour session with a small handful of people whilst the course is still being made for everyone

[@ianjresells]

Excellent video content, phenomenal value, many thanks.

[@TradeForexwithPaul]

Thank you so much!

[@robinliongspin_entertainment]

another great video mate 👍👍👍👍👍

[@TradeForexwithPaul]

Thanks so much mate

[@Zaveoff]

Fantastic as always ! Do you make a living income with this strategy ? I guess yes it’s those insane result.

[@TradeForexwithPaul]

Thanks so much! Yes - I'm transitioning currently from my career into trading and pretty much at the point where I can focus 100% on trading. I have private investors backing me so no need for challenges etc. Makes life much easier (but oddly a little more stressful with drawdowns)

[@eddiesebaly6031]

Good content my brother.

[@TradeForexwithPaul]

Thank you mate

[@Beats4needs]

Hey Paul, I'm liking the videos but I wanted to ask you if you've applied this method to live trade and how has it gone for you? It's one thing backtesting and another live trading with money at stake. Would love to hear from you or even see a live trading session.

[@TradeForexwithPaul]

Hi Max! Thanks for the comment mate. Yes - I trade like this in real charting, though I try more entries on the lower timeframes like the 1m and tick-chart. The lower timeframe, the more stop outs I get, so my win-rate is just under 30%. If I stuck strictly to how I trade in these backtesting videos my win-rate would be higher but my RR would be lower

[@TradeForexwithPaul]

And yes - I plan to do live trading sessions soon - just going through the softwares

[@Beats4needs]

@@TradeForexwithPaul great. Can’t wait to see it

[@LewisHarding.Accounting]

Another great video mate!

[@TradeForexwithPaul]

Thanks so much Lewis - glad you enjoyed it mate

[@StevenGraceEsq]

Can you explain how exhaustion candles can be order blocks too?

[@TradeForexwithPaul]

Sorry for the late reply Steven. I prefer when they have swept liquidity to the left, occur in a higher timeframe POI and have a little bit of imbalance below, and are at the start of an aggressive move down following a staggered approach up (or the other way around for buying). There's a few other additional confluences that I use just to get the best RR, but that's the general way I use them. I hope that helps mate

[@RJ-kw7wz]

Lots of love you bro amazing keep going pls scalp gold on 5 minutes chart

[@TradeForexwithPaul]

Thanks so much for the kind comment. I dont want to give too much away on KZbin, but I'll my best mate

[@dominickjunior9607]

Can you make a video that is more in depth about finding an order block in the 4 hr then jumping to the hour order block then jumping in the trade in the 1 min please

[@TradeForexwithPaul]

Yeah, good shout. Its how I trade - you'll get stopped out a lot more on the 1M but the RR is incredible

[@TheVillagePrince]

Hey, I can't stop repeating your videos. I'd prefer you do these videos longer and often. I'd seriously watch a 2 hours of quality content like yours. Overall, just do what you can at the moment. You're appreciated.

[@TradeForexwithPaul]

Aww thank you so much. Let me know if there's anything else you'd like to see

[@ccsammy5251]

its awesome, but even using 15mins for entries, i think one trade would have to hold for more than one day, is it? Im trading Order Blocks with Xauusd too but i find it very hard to do so, Can you backtest Xauusd for recent days if you are free?

[@TradeForexwithPaul]

Hi there, thanks for the great comment. Yeah - it's mentally very challenging holding trades on Gold for a long time... I try to be in and out within about an hour, so I enter typically pending orders on the 5 min timeframes and target the next 15 min block. Really simple strategy, and win roughly 30% of the time (but RR MUST be 1:5 at least for me to take the trade) - this is on my personal account by the way

[@rockrock9173]

waiting for the courses 👍

[@TradeForexwithPaul]

Shouldn't be too long now mate 💪

[@Johndoe-qn9jr]

Nice price tell me in round numbers what you thinking of charge for a spot in your discord group ? :)

[@cracklover3133]

John , you're very fast

[@TradeForexwithPaul]

Haha I havent decided yet mate. Will be below £100/mo for sure, but the main thing I'm trying to create for you all at the moment is value and a strong community. The 6 who I am training at the moment should be able to assist everyone to a similar ability as myself so hopefully it'll be the last community stop for most traders 💪📈

[@Johndoe-qn9jr]

@@TradeForexwithPaul yes sounds good

[@carlnevitt1]

great video. Two weeks is good.

[@TradeForexwithPaul]

Thank you!

[@Eiryeekeo]

Hi Paul. Make a course just for a 15m strategy. If it is a one time payment you add a 1m strategy later. I am a member of a great 1m trading community but I don't want to trade a 1m TF. Way to many chances to take a loss and over trade. PS. This is Fabian from my girlfriend's tablet 😀

[@TradeForexwithPaul]

Hi Fabian, thanks so much for the comment! The course is based around the Daily, H4, 15, 1 and the tick-chart. Anything below 15M and the losses can mount for sure, but overall the profit is extremely good. Thanks so much for commenting mate. Everything should be ready soon... Running it on discord at the moment whilst I think of what to do regarding a website

[@markmcmahon100]

how do you set up trading view to show inside bar candles in a different colour ?

[@TradeForexwithPaul]

Find the inside bar indicator and edit the settings from the top left. It should give you the option to personalise. If it doesn't use a different inside bar indicator - I think there are about 10 of them

[@RevUpFacts]

Thank you !

[@TradeForexwithPaul]

Thank you my friend!

[@zaviali5]

I am very interested to join. Do you provide signals for the trdaes that you enter.

[@TradeForexwithPaul]

Sort of... my POIs but not doing signals like buy at 1.09856 SL 5 tp 30

[@zaviali5]

@TradeForexwithPaul Can I join? If possible could I chat or talk with you? Many Thanks. Just catching up with your videos and it feels like magic and so impressed with RR that 1 win can cover like 5 or 6 sl's. Hoping for some guidance as I am really struggling with my journey so far and would really appreciate some input from experienced trader like yourself.

[@andrejorge1433]

Te acompanho do Brasil, estou seguindo suas estratégias para treinar, não falo inglês, porém uso a legenda do youtube e me viro como posso, um abraço!

[@TradeForexwithPaul]

Muito obrigado meu amigo. Estou usando o google tradutor, então espero que isso chegue até você corretamente. Fico muito feliz que esses vídeos estejam ajudando você :)

[@MrPhneutral]

Sign me in! Where do we get in touch? Many hugs and thanks!

[@TradeForexwithPaul]

Best reach out on instagram if you've got that mate. Alternatively I'll put something out in the community section soon :)

[@dominickjunior9607]

Do you offer mentor or a course

[@TradeForexwithPaul]

I will be doing shortly :)

[@TetraEzio]

Nice video

[@TradeForexwithPaul]

Thank you very much!

[@kaisanwonk]

Golden

[@TradeForexwithPaul]

Thank you!

[@Lucky-qj3cu]

To be honest i did backtest using the exact strategy but i'm losing 9/10 trades. What am i doing wrong?

[@TradeForexwithPaul]

Could be a number of things. Will do a basic overview video soon pal

[@brewstermillions9813]

first 😁😁

[@TradeForexwithPaul]

Haha

[@joe6604]

I don't want to get better, and I think making money is dumb - so this video is useless to me

[@TradeForexwithPaul]

This is one of the funniest I've seen :D