Trading Without Indicators Proves 89.58% Profitable

[@bpb5541]

Love that you gave your rules. I trade price with 3 moving averages. The 8 /20/200 simple moving averages. That is it. I have setup based off of that. Took me years to get profitable. Most rely on indicators. Indicators are too slow and they will struggle until they relaize this. To trade price action take great skill, lost of practice, and dedication. It does not happen over night. I trade 2 instruments the NASDAQ and Russell E mini futures contracts that is it. I have 3 really good setups and i just do them over and over again... waiting for the setups. Rinse and repeat. I don't look for stocks, or worry about earnings (except the big ones like NVDA or MSFT or APPL) and I know to say flat before these and play price action off of the traders emotion to those. I also do not trade on economic days like FOMC meetings, GDP. I leave those to the pros. At some point when my skill are really honed in I will give those event a try. Until then, I will just keep being happy about taking my single and doubles out of the market on a consitant basis.

[@marksit1715]

Nice! I am interested on your setups based on 3 MAs could you please explain? Many thanks

[@justfun8965]

Same 😁

[@bpb5541]

For investing use a weekly and monthly chart, for swing trading use a 4 hr / daily chart for day trading use a 2 and 5 min chart... really fast moving markets use a 1 min and 5 min chart. My main moving averages I use is the 20 and 200 simple moving average, except for swing trading I use the 40 and 20 simple moving average. First this what is the state of the stock is it below the moving averages, above the moving averages or is everything flat? If above we go long, if below we go short, if flat we wait. The set ups are big bullish or bearish bars coming off of the moving averages. Stop losses go right above or below the entry candle ...no exceptions. Long term trading is easies. Just wait until price goes above the moving averages, pulls backs to the moving averages and then has a green candle trade above the pullback. Stop goes below the moving averages. Reverse for shorts. If you are a day trader... I have found it best to wait for a pull back to the moving average on a 1 hour chart but to always trade with the 1 hour trend. In my opinion folks should start doing this with swing trading, then long term (weekly and monthly charts ... because they takes so long to set up) Day trading is fast. Only 25 percent of the accounts value should be used to day trade. 50% on swing trading, and 25 percent on long term. The other two set ups are mainly for day trading. They are when going long or short on a massive green or red candle and that candle is negated by the opposite color. If that happens I get stopped out and immediatly reverse. The last set up is trying to pick a top or bottom. I do this by watching for a hammer (to go long) or an inverted hammer when shorting. These after a long run of at least 3 or more legs. Stop loss goes below or above the entry candle... no exceptions. This is super aggressive if you want confirmation on this wait until price goes below or above the moving averages ... pulls back to the moving averages and then goes in the opposite direction. The best trades are when a stock is quiet and the moving averages are tight and price is going sideways. When you have action, where a green or red candle is bigger than the proceeding 5 to 10 bars... we trade in that direction. This is showing interest either way long or short. These trades are all rule driven. They never change. It is exact. Taking profits is harder... you can use a 1 or 2 bar close below or above the 20 simple moving average, or you could just trail it up. You want to get your stop loss order to break even but not too soon. Everything usually pulls back to the 50% mark of the move and then resumes. After it resumes that is when we move the stop to break even... to soon we will most likely get stopped out, just to watch it move higher or lower. There is a reason to get in, there is a reason to get out. You need to find what works best for you. I also suggest only trading 2 or 3 things. I trade 2. The NASDAQ E mini and Russell 2k e mini. That is it. I wait for it to hit one of my set ups. If it does not, I do not trade. Professionals don't scan or look for things.. they are specialists in 1 or 2 things. With 2 or 3 set ups, trading 2 or 3 instruments with an expectancy of 70% is all you need. Last thing, while not sexy, money and risk managment are key. WE have got to survive the 30% of the time the set ups do not work. That is why we are never allowed to move stops against ourselves... only in the postive direction. Never risk more than 2% of your capital on any 1 trade. Have max loss per trade / max loss per day / max loss per week rules. These will be determined by how big your account is and to some degree how good you are. I have learned to never marry any way I feel about anything. Price tells me exactly what to do, not news, not earnings, not the FED... that is all just to confuse us. Retail traders are the liquidity the pros need to exit postitions. All that matters is price going up or down... the reason does not matter. That is why you can see a stock report good earnings and get crushed or report crappy numbers and surge higher. Price never lies. The moving averages give you a reference point. Stop losses and money managment save us from ourselves... the greed and fear that we all need to fight in order to be profitable. Best of luck.

[@bpb5541]

@@marksit1715 i replied to you below

[@bpb5541]

@@justfun8965 i replied to you below.

[@sharoffrownbeatz9902]

Thanks to You Mate, I have realistic expectations for this bullrun. Got into crypto early this year and I have truly learned a lot from you about cycles, crypto and markets as a whole. Now I know that all assets/markets are heavily tied to eachother and global economy has very high impact on Crypto. Thats why I am very cautious about when traditional markets top and how this affects Bitcoin and altcoins. If i havent discovered your channel I would have blindly holding instead of engaging the market........ I have managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin. in the space of a few months... I'm especially grateful to Russell Greener whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@sharoffrownbeatz9902]

He mostly interacts on Telegrams, using the user-name,

[@sharoffrownbeatz9902]

@RussellGreener.

[@marevafaucheux8245]

I read about him too on the website, I was able to connect with him Thanks for putting this down here.

[@ComicalRealm-r2w]

A better way is to get proper guide!!!! The most important thing is the technicality and Russell Greener keeps proving himself.

[@bezenhappync-s3d]

The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice..

[@claudebrogunier1147]

Really appreciate your transparency- your video lives up to your channel name. The backtesting and full display of test results and stats is rare in KZbin trading videos. Great job. I can easily see if this is a system that i can run with b/c you've provided such a DETAILED trading summary- something that (unfortunately) most trading videos either don't have or neglect to share ( drawdown, max loss, profit factor, avg win$, loss$, etc), Thank you!

[@kippsguitar6539]

Systems are a tiny part of success, it's risk management that makes money and most people will never be able to hack it

[@brianklemmetsen7317]

I’m not afraid to get this done really lost thousands and sold a couple cars and made a fool of myself to my family without an education and doing other “jobs”. Figured out that they are fake. Things like data, optimization or liking and subscribing to videos and old bait and switch style investment. I’ve heard good reviews on this. I read them and I see that it works so not afraid I lost thousands. I’ve made a follow myself. I’m not doing it again, so I’m here to win.

[@el-sig2249]

The name "Transparent Trader" is apt! You sure do explain things in a simple and clear way. And your data and documentation is just professional. Well done!

[@DilanPerera1]

250 pips stop loss means a tiny order size unless you have a substantially funded account. And you need 250 pip market movement in your direction to achieve a 1:1 ratio... A good win rate alone is not enough to be profitable in trading!

[@ExperiencingSoul]

True and agreed. One should use the ATR to determine pips for stop loss and try to get it as tight as possible, then use a position size calculator based on x% risk and aim for a minimum 1:3 RR.

[@tullochgorum6323]

Yes - RR for this strategy is 5:1 at best. This is only practical with very slow charts and low trading volume, or costs will be crushing. It also makes the strategy volatile, as any run of 2 or more losses will generate damaging drawdowns that take months to recover. Chatting with system straders in London prop houses, they rarely trade for less than 0.8R. This also allows for far higher volume - though of course win rates will be significantly lower.

[@jono3500]

He showed backtest results for many years so it is profitable, but a loss will not be easy to take.

[@bunkscrap]

It is a awful strategy. Looking at the 2015 Data he managed to lose $15,240 from just 6 trades as opposed to $8461 from 16 trades. The strategy needs optimisation at the very minimum. By the way that was a 72.73% profitability🙈

[@lastructchure389]

I'll use ATR for SL, ty.

[@rhknight6649]

Brilliant video, Jarrod. Love how clearly you explain your strategies: even a small child could easily grasp them. Keep up the good work, mate.

[@NicolasAlberty01]

I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

[@Alfonsosilva1]

As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.

[@Alfonsosilva1]

If you can, then get a professional to trade for you I think that way your assets are more secure.

[@Alfonsosilva1]

Someone like expert Scarlett Hansley.

[@JackAnderson6]

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

[@YeaongSuEun]

This is correct, Scarlett strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.

[@SwartieLoveJoy]

Watch Oliver Velez to see how you could have captured that huge multi-candle move to the downside. Red takes out green near the 20 sma, move stop, manage trade until 3-5 candles. Watch for color change.

[@erikjohansen9154]

Put the effort in yourself, those who cannot trade, teach and sell. That sums it all up.

[@parkourrat]

Nice charts Jarrod! Helpful info for sure.

[@markman1276]

Like to see more of your strategies and videos. Great topics and explanation. Good work dear .

[@rk845b]

Thank you for the video. I'm guessing this works for other markets as well. Like indices.

[@Willywillscheng]

Trading has been rather rewarding to me and I've learned that getting a good roi is very much attainable if you know your way around it.

[@OnlyoneSithembilé]

How are you able to make profit? I don't know what I might be doing wrong but it's not just clicking.

[@Willywillscheng]

It’s not rocket science, Jonas Herman, a certified fiduciary is the brain behind my success. I've gotten into a plethora of assets with $15k spread across forex, stocks (options and futures) for the short term, index funds, and ETFs, for the long term. Now with over 87k, I sit back and just reinvest at intervals while I focus on my career and family.

[@Brunhildgup]

That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading stocks or fx. It’s all just gambling.

[@Freddylone]

At this point, I don't mind using a mentorship because I'm frustrated with the results I've been getting. How can I connect with him, please?

[@Freddylone]

@@Willywillscheng At this point, I don't mind using a mentorship because I'm frustrated with the results I've been getting. How can I connect with him, please?

[@ewanmccabe6748]

Nice one Jarrod nice and simple much appreciated for sharing top man!!

[@videoview5179]

Looks like jason Statham of transporter ❤

[@MatthewLuke-pq8zm]

*PLEASE I NEED SOMEONE TO HELP ME TRADE OR INVEST THE FOREX OR CRYPTO MARKET BECAUSE I'M TIRED OF TRADING IN LOSSES MYSELF. I'VE BLOWN MY ACCOUNT TWICE AND IT'S FRUSTRATING..*

[@PaulLana-qd8sw]

Most people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts.

[@GraceWarner-ro2zc]

It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.

[@AustinWayne-gm5hl]

I usually go with registered representatives. Faith Reece has the best performance history (in my opinion) and does offer 1v1 consultation to her capitalists which I think is amazing.

[@GeorgeCooper-xj7cj]

Wow.... She has really made good name for herself, she's also my account manager

[@GeorgeCooper-xj7cj]

Talking to an expert like Faith Reece to reshape your portfolio is a very smart move

[@peterstanley9964]

Oh man, let’s hope your trading skills are better than your sense of style and decor choices! The blue shirt with the red tie, sitting on that green 70s sofa, with the yellowish wall behind you (and not even a picture on it) is truly an eye-catcher. Honestly, you couldn’t make it worse if you tried, lol!

[@mobabar9539]

i can really see now how much you are in love with Larry Williams- This is smash day - and I respect you and great Larry for this

[@stevebrilliant7738]

Was this video made in 1982?

[@beartrayand384]

And the truth will set you free💯

[@karlp4222]

Fantastic idea my man. Could you do a backtest as if you were in a continuous trade. On first look (EU)you get 30-50 pip losses during ranging but the when the trends come in you recoup easily with 120-160pips.

[@vaderaspen1357]

This is good 👍, you are very knowledgeable good video. Truly trading is only profitable and understood when you have proper guidance like mine

[@vaderaspen1357]

Theresa option

[@Amelia___580]

Seen some good reviews on her , how do I connect

[@vaderaspen1357]

She’s mostly on telegaram with the name

[@AnthonyVita-j2i]

Seems like a good strategy, but the performance in 2015 is disturbing. If you started trading that year, it took you four years to recover.

[@billsdo4553]

That is overfitting.

[@gulamhussain4727]

Nice strategy, thank you for sharing ❤

[@masteryourmindofficial]

30% in 10 years is 3% profit per year, for small account of 10k that's 300buck a year , will not cover even the electricity bill for a month of trading

[@buensomeritano1755]

Suggestion: Give the percent return, sharpe ratio , CAGR, start capital, end balance, and max drawdown. Do it for stocks.

[@neilf335]

2.06% profit p/a - (shown at 6:20) You would make more just putting it in the building society, which is also risk free.

[@ArjenJongeling]

In can make a strategy with 99% win rate and still loose money. Just set your stop loss at -90%, set a leverage of 50, cross collateral, take profit at +1% and the money flows in! Until that one losing trade and your account is wrecked.

[@weiSane]

Those complaining of course you can actually take this and tweak however you like to make it better.

[@johannesfx]

Thanks for the valuable information. Which time frame chart is recommended for one day trading? Four hours or one day chart?

[@CollinsMitchells]

For the past six months, I've been trading Bitcoin independently but have been facing losses. Can anyone provide guidance on how to achieve profitability?

[@0ceanneMya]

Investing without a solid understanding of the market is ill-advised. I suggest seeking advice from Expert Rosie for guidance.

[@ReginaOye-gw6um]

Rosie's strategy stands out as the most effective among other experts. Many others are not dependable.

[@CollinsMitchells]

Please can someone help with her direct contact

[@CollinsMitchells]

How can I reach her directly

[@0ceanneMya]

+ 44

[@YusufOmanov-gf7ft]

your strategies are very cool

[@AndersonChao-vs3zf]

I am getting confusing myself now because when I look at most pro trader they do used indicators but many of them also trading without indicators I never seen Warren Buffet talk about indicators at all, so I am still searching the best answer now

[@camscott68]

Nice, luv your work Jarrod. Did you say your using just 1.0 lot size on these trades with 250 pip SL ?

[@johngreydanus2033]

For testing porpoises, no problems.

[@footballisus]

250 SL is to much unless your trading monthly and you will need some serious funds to make any decent money, I trade off weekly and use 80 pips to 125 pips a trade supply and demand

[@snappyone]

If you watch a stock or crypto for a while, you kind of get a sense for when its price is low or high

[@tomle2600]

Your daily data doesn't account for days where the price moved 250 pips from your entry and stopped you out.

[@tomle2600]

For the 2021-2024 data, why is the average loss $1700 if the stop-loss is $2500?

[@seanboucher4805]

When do you enter the stop order, near the end of the day once the candle scenario has been identified or wait for the market to open the next session.

[@DrAL00isin]

OK, but the most important skill for any strategy is how to find stocks with the set up in question before they make the move. Why is it that so few you tube gurus actually go through their scanning set up and process?

[@xmonikerhotmailcom]

This setup happens daily on thousands of stocks lol.

[@aslanmuradekmekci5277]

Helpful as always.. Thanks dear Jarrod..

[@recipesensations]

Hello - I trade mostly stocks and futures, and I'm trying to figure out how to convert 250 pips into dollars, or a percentage of the stock price. I enjoyed the video, thanks for post it.

[@avalons2170]

thanks for your video. Don't you think that the Equity Curve is not "very very" nice ? .... there is a Draw down of 11% aprox ... otherwise I find everything quite good

[@lastructchure389]

Where can I find a bot for this? Especially a metatrader bot. Or a tradingview auto strategy.

[@sanjlakhanpal5017]

Can you test this on a higher time frame please like 15 min or 1 min?

[@xmonikerhotmailcom]

You mean a lower time frame. Why can't you backtest it yourself?

[@buensomeritano1755]

Can this be improved by using some kind of trend confirmation, so as to avoid trading against the market?

[@CGordonSmith]

Good information!

[@ddroz23]

Death buy a thousand cuts. make sure your reversal stop is price correctly or you'll get washed out a bunch on the back through trade. Many days the market with false breakout and reverse leaving your filled orders stopping out.

[@breannestahlman5953]

applicable (if enough big volume) to any pairs, any markets (cryptos, etc . . .)?

[@nandhakumar3169]

gap up or gap down how to possible sir ?

[@JuliusJeremiahFodayAllieu]

Great one Jarrod..

[@welshmartin]

Do you have a cut off for entry, timewise, in the next candle? e.g. if you dont hit the entry point till 16:30, the trade is only going to run for 15 minutes. I'm wondering if you aim to be in the trade within the first 25% or 50% of the day as an example?

[@atticus319]

Thanks for the stats @6:44. It's important to notice the average losing trade is -2034, with the average Winning trade being only $404. I wonder it this wouldn't work better if you only did it in the direction of the 5 or 20-day trend, so you're playing against the counter-trend and looking for realignment with the larger trend

[@eitan71]

great video as always. i'm a crypto algo developer, and i don't know much about the forex and stock markets. how can i "translate" the 250 pips in crypto please? also, would it work on smaller time frames? if yes, then should i use bars like you used the 1D bars? Thanks

[@xpress9349]

I think 2.5% roughly

[@alexkruger5746]

IT would be about 0.25 €. But Crypto IS more volatile. If i we're you, i would use ATR Indikator for Stop loss and Take Profit...

[@eitan71]

2.5% is way too much for 1m\5m, and even for 15m (that i use), even for a crazy market as crypto. using the ATR is probably what most people would use, but i find it too volatile even as an ATR... i was wondering about it because i saw him use 250 pips in many of the videos even when he uses different symbols that have different values. yet, you two gave me some ideas, so for now i forward-test on 0.25%. Thanks guys!

[@kippsguitar6539]

You should not be trading asking that question, careful

[@eitan71]

@@kippsguitar6539 i trade with real money only when i'm sure that my forward-tests got my the results i wanted. as for that question - i don't trade forex and stock, and no one is using pips in crypto. questions are meant to be asked... 😉

[@edwardsciacca8012]

since this strategy has been tested so long what is the DOLLAR Value in profits for this Time .

[@lordkrishna6793]

Sir Ronal’ has offered profits to investors who wish to recover losses including myself and it’s a great honor to be part of them 🥳

[@lordkrishna6793]

he’s mostly on Telegrams, using the user.

[@lordkrishna6793]

# Ronalfx2

[@shivakandukuri425]

Thank you Ronal’ for your TA 💯. I’m excited how my trading is going so far. I’m on $1m challenge right now. Already earning $35k weekly

[@charleymogus5080]

May Allah bless Ronal’ for his help. I’m glad my doubts have been cleared, and i received my profit from last week’s investment. Keep up the great work

[@andrewjay6299]

I’m surprised that you mentioned and suggested Sir Ronal’. I assumed I was the only one trading with him, as I had gained so much money.

[@RobDaNet]

Thanks, subscribed.

[@mischa6688]

Daily chart?

[@aaronsarinana1654]

Have you backtested this strategy with stocks? Or does the strategy only works for the forex market?

[@kippsguitar6539]

If you don't understand the answer please don't trade

[@shawnclark732]

The only way this works is if you have a profitable place to put the money while you’re waiting for this one to produce a trade. Best year 8%? That’s ridiculous unless you can improve that with other trades between these. Active management should be producing at least 20%+ per year minimum.

[@fxtechnosys251]

Do you try it on low time interval like 1H ,30M or even 15 M.?

[@Wildcard_369]

You say exit at end of Session but on your examples chart it shows next day you close your orders ?

[@SamsungS-or1qf]

Exit in profit or stop loss.

[@bailion]

It’s not strange for a low risk to reward to have a high win rate . Win rate means nothing if not used with risk to reward and risk per trade . 89% win to reflect 20% . Why not just invest in the sp500 .

[@richardrivard8831]

Hello .Very interesting vidéo . I gather that this applies for a : slow market , ranging. BUT NOT TRENDING . Do you agree ? Thank you

[@hw9888]

Do you do any coding in MQL5?

[@JesseTradesNQ]

The win rate seems awesome but you're risking $2540 to make about $300... That's a horrible R:R

[@Real4D33L]

Not with tight stop losses

[@sandrobisotti4645]

curious.....the most similar to my strategy among the 60-70 I found on YT.

[@QTCrypto]

Risk and Reward in trading make people love that feeling and want make more money in this world❤ 6:29

[@releasefulbeat138]

Sir, could you do me a favor? What you say bout using rsi period 30 and CCI period 20, for buy when rsi is above 50 level and CCI is crossing from below at -100 level, and for sell is when rsi is below 50 and CCI is crossing at +100 from above, i backtest it is just for 2 years the result is quite good with Risk : Reward =1:3.i have not done backtest for 12 years or more like you do,could you do it ,Sir??

[@jonathancook1851]

Thoughts on MAXN? Over 50% short rn

[@XX-do7nq]

How many strategies you use? What are they?

[@andytapia3886]

Can this work with scalping/day trading?

[@DOM_BURN]

I'm 5.55m in surely that last trade would have stopped you out no?

[@rebeccaw8820]

Do you think this can work on scalping the one minute chart?

[@xmonikerhotmailcom]

Backtest it.

[@hermesus6831]

Only in eurusd? How about btcusdt?

[@amnony1]

Only with forex?

[@jonesaundre3]

Been there and done that, I've had my most losses eliminating indicators as well as using "Supply and demand", it cost me my entire account, it's all garbage...trading without indicators is extremely risky and the only traders who find success by doing so are simply lucky...250 pip stop loss? that's insane and unnecessary, you are over complicating this, just wait for the TDI or MACD to cross on 1HR and 4HR At the same exact time and make sure the daily candle is the same color as the direction you're trading in, that's it...90% win rate.

[@MrSdas900]

Explain more plz

[@dbrahmanandam]

Sr wl it work for nse and mcx trades in India? If not give us a similar formula for stocks and commodities. Brahmanandam Hyderabad

[@countfirst7426]

Does this strategy work trading the SPX?

[@kippsguitar6539]

Don't trade if you can't answer that yourself,

[@countfirst7426]

@@kippsguitar6539 Good advice but rather snarky.

[@Emmanuel-wo4gs]

When will be the next video ? :) :) :)

[@dunknow9486]

Gold Mana EA is using similar strategy

[@ici70yz49]

Any advice about a platform with zero commission and very very low spread fees. Other than that it is a scam , and they steal our money

[@theirpathstosuccess]

it proved 90℅ profitable in your experiment that time but what if there had not been a second green day, what if the first green day closed slightly lower then the previous red then next day was red again and during the losing day price moved against you drastically. Yes you can set a stop loss but how much room do you risk giving the trade to breath or potential loss do you risk. This is a slow way not to be profitable in my experience. Possibly ok as a side huddle if you have enough funds to risk the loses and markets seem to have been acting predictably buy every days a new world in trading so its consistency potential just doesn't add up to me. Nicely produced video though and you have a great voice from this kind of work.

[@GaryNicka]

I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.

[@Jamesjerome0]

The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@kurtKking]

I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.

[@frankedwardark]

Talking about advisors, do u consider anyone worthy of recommendations? I have about 100k to taste the water now that large cap stocks are at a discount... Thanks.

[@kurtKking]

Her name is. 'GRISELDA ELENA JEMMOTT’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@frankedwardark]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@Juslav]

Sooo.... Basicaly you make more money putting it in a 4-5%/yr GIC than trading this strategy. Or infinitely more money just buying the S&P500.

[@xmonikerhotmailcom]

Unless you use leverage.

[@Berghiker]

Multicharts is such an old piece of software. 1998?

[@ABDULHASIB]

Sir Give us oil trading strategy please 😊

[@nandhakumar3169]

thanks sir

[@2376MV8]

Your back testing resolution is too high (1440 mins!?), your results cannot be trusted considering that many of your trades might be closed mid entry candle, I am sure you know that! But entertaining video. Try the resolution on 1tick data and let's talk then 😂

[@proexcept]

The truth is that the profit/loss ratio for the average winning and average loosing trade is around 1/10. I wouldn't trade such a strategy which could lose 10 times more at once than 1 single average winning trade.

[@energya-espiritu2655]

I figured if a person doesn't know much about economic I'll be really harder to understand trading, people that doesn't knock how to control emotions can't succeed on trading or in any money game.

[@Ronald3390]

Not understand 😢

[@algomind7680]

transparent backtester 🙂

[@sergiosacrificato6485]

250 pips stop loss? Too high?

[@johngreydanus2033]

Yes, just use fixed lot size and NO stop loss, it's only for the the day, what's the worst that could happen?

[@HandyDan]

😂Have you ever traded Forex? One candle on a 1 minute chart can swing 600 to 800 points in the blink of an eye to liquidate thousands of traders. I hope that he meant 250 points, 25 pips😅😅😅

[@johngreydanus2033]

@@HandyDan I trade everyday, mainly without stop loss, check out this channel - The Market Structure Trader - you will be amazed and educated.

[@pexpollo]

Or trade a diferent market too

[@vikasgupta1828]

Thanks

[@samwhite6288]

Trade more pairs for more trades.

[@b.7944]

this is a dangerous strategy because of the muddy risk management.

[@billsdo4553]

:P Without risk management, a random trading setup cannot be called a strategy. A trader cannot be called a trader without proper risk management; he is a gambler.

[@xmonikerhotmailcom]

He has stop losses at least. There wasn't time to get into that but he probably covers it in his course.

[@n7ekg]

Unfortunately this is not a viable day trade strategy without a huge stop loss. 250 pips/ticks is a HUGE stop loss.

[@wedeyforyou]

I'm gonna code this as an EA, whose interested in the backtest result?

[@wedeyforyou]

Done lol. Did it for MT4 and MT5. Will make a video later. I’m burned out now 😂 If you see this comment 2 days later please tag me. It means I forgot

[@tonytouchfx8511]

​​@@wedeyforyou hey, how are the results