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OverNightForex
United States
Приєднався 30 тра 2020
Interesting Risk to Reward Results
Discord:
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Telegram:
t.me/ofxsignalss
Instagram:
baileymeetsworld__
discord.gg/WSyZGdBDXD
Telegram:
t.me/ofxsignalss
Instagram:
baileymeetsworld__
Переглядів: 208
Відео
Passing A Prop Firm Challenge pt. 3
Переглядів 21819 годин тому
Discord: discord.gg/WSyZGdBDXD Telegram: t.me/ofxsignalss Instagram: baileymeetsworld /
How Low of a Negative Risk To Reward to be Successful
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How Low of a Negative Risk To Reward to be Successful
Passing a Prop Firm with a Negative Risk to Reward pt.2
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Passing a Prop Firm with a Negative Risk to Reward pt.2
Passing a Prop Firm Challenge with A Negative Risk to Reward pt.1
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Passing a Prop Firm Challenge with A Negative Risk to Reward pt.1
This is the strategy i use with a negative Risk to reward
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This is the strategy i use with a negative Risk to reward
How is a negative RR better than a high RR??
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How is a negative RR better than a high RR??
2 Losses With a Negative RR This Week
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2 Losses With a Negative RR This Week
23 Win Streak With A Negative Risk to Reward
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23 Win Streak With A Negative Risk to Reward
Why a “Bad" Risk to Reward is Better
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Why a “Bad" Risk to Reward is Better
Risk to Reward Really Doesn't Matter
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Risk to Reward Really Doesn't Matter
Why a “Bad" Risk to Reward can make you more money
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Why a “Bad" Risk to Reward can make you more money
Negative Risk to Reward makes trading easier?
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Negative Risk to Reward makes trading easier?
Negative Risk to Reward makes trading easier?
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Negative Risk to Reward makes trading easier?
How to Make Money Day Trading Without Having a Strategy
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How to Make Money Day Trading Without Having a Strategy
Showing how simplistic trading can be.
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Showing how simplistic trading can be.
Bruh I swear to god I immediately became profitable after using a negative risk to reward ratio of 1:0.5 . I was struggling for 5 years until I realized that we can't really predict where price moves and instead we can take advantage of small movements. We have been convinced to use "good" risk to reward ratios because the brokers just want us to lose! This is a secret that nobody talks about.
@@Bxasd that’s exactly right. I’m glad it’s working out for you man 📈
waiting for next week update
@@oringemate 📈📈
🔥🔥🔥
I think the negative risk to reward works better maybe if you risk a lil more imagine you risk it all a couple times yeah you will lose but if you can get it back and just keep trying the winning streaks will come I think risk it all on every trade especially if it has a higher chance of happening 5% yeah but investing 100% could get you wayyyyy more you hit 5 trades in a row trading a full 4000 to win 1000 and that hits 5 times because you knew it was a 90% or more chance you just gotta be ok with the loss and go work back for that 4k and just start pulling your profits out
When you win you still in profit you keep that full risk and whatever you win it’s a win situation people get greedy and want to hit big trades and also people get scared to put it all in when the chance presents itself well get more money in ya pocket work 2 jobs and you won’t have to worry about a 1/3 1/1 that’s 50% and 30% you got 3k from working 3 weeks now put that up in a trading account or betting find probability’s of 99% or 95% negative odds and do it once a or 2 times a month and win back 2k or 1k that’s enough money to make a band bro that’s good enough i promise now you sitting on 6k a month just from that easy play and increase it as time goes on and you gain experience this only works with experience
the leverage on that be insane
I use a 1 to 1 RR and my winrate is a steady 70-80% I average about 4 trades a month but it works for me bcoz i dont like losing.
@@Juniourk that’s a crazy good win rate bro. Your killing it 📈
Sorry man. I failed challenge with 1:1 rr
@@PtakunDamianShow you got this bruv just keep going
Are the TP pips consistent with all the trades you're tracking?
@@nickthegrape I don’t track the pips I track the percentage gained
I think the most important thing here is about winrate affect mentality NOT the profit in total. Maybe 1:1 have gain more but how people can pass through such damn 45% lose trades without bad mentality. When we lose more trades we always go crazy, so I think how people can consistent with normal ratio 1:1. 1:2 1:3 even with a 100% MECHANIC STRATEGY
@@BinhNguyen-gy5me what ratio do you use?
@@overnightforex 3:1 now works best for me than 1:1. I cannot have profit with 1:1 or higher ratio from I know how to trade til then. It's hard to trade consistently when I lose in a row 5 or more trades. The most advantage of neg ratio is mentality not the profit , I think.
My problem is that people tell me to put my SL above or below the most recent pivot which is usually 5% away. So then I’m going for 5% to with one to one.
@@anthonycasey57 what’s the problem with that? That can be very profitable
@@overnightforex yeah probably just me and not sticking to rules. I need to automate my system.
@@anthonycasey57 I would recommend getting the smallest prop firm account you can get. Maybe a 10k and trying to get funded. Prop firm challenges force you to be extremely consistent and patient with your trading plan. There’s a lot of growth in that
@@anthonycasey57 prop firm challenges force you to be as consistent and patient as possible. It’s a good learning experience
Do you think that the changes in RR could be a huge reason to the negative results??
@@WardoguyTube I’ve failed with positive RR too. The biggest problem is I need to be more consistent with my trading plan
The strategy also matter 1:3 might perform the worst for the strategy you’re using but might perform the best for another strategy
@@JowlTalks 100% agree. This is all based on my strategy
I don’t understand the reasoning behind -ve RR? idk if it works for u but It doesn’t look gud at all
@@Sadaqmod the reason a negative RR can potentially work better than a high RR is the win rate is more likely to be consistent. A 1:3 win rate can fluctuate a lot and it’s very hard to maintain at least a 30% win rate month after month With something like a 10:1 or a 20:1 the win rate is easier to maintain consistently. So the account will be more likely to grow consistently month after month
I have been thinking the 1:1 might be good but it just takes way too long to TP in daily candles
@@merovingianv3462 keep in mind this is only 5 months of data and the 1:1 just in the past couple weeks came out on top. The previous months it’s been behind Also the first 6 months of the year the 1:2 was -2% so
thanks for the transparency bro,
@@merovingianv3462 always
I have trade 0.3rr with 3 ema strategy, trend following, M5 tf to view and entry on M2 to entry, when price touch the ema create reversed candle I enter a trade, then I have win 16 wins in a row, 2 or 3 trade per day, keep going man
Lets try 300 trades with 0.3R , risk 1% to gain 0.3%
@@BinhNguyen-gy5me you could prolly do very well with that
Keep going my man. I got set back a lot on my acc as well because i forgot to delete a stop order and it wiped out my gains on the day. Patience man!
@@sonandheir13 thank you bro
Sorry man
@@silva_obiriezefx is life man. I need to work on things
I have currently three funded account and I’m thinking of start this ripe of trading on one of them😅
@@unpocodetodo6123 nice dude. You passed them all with a negative RR?
You have a sexy win rate, no need to risk so much and lose based on some statistical outlier. Try dca’ing based off the 3 standard deviation to break even or slight profit of .1-.2% . I add an extra .5% risk on the dca.
@@smolshamer6072 my win rate is pretty sexy huh
Sir , i have a system with 72% winrate i work win negative rr wich is 1:0.4 , i ve now 28 trade but im BE right now so how can i improve it , Keep in mind I leave trade to go either win or loss
@@rodrigoguess 4:1 with a 72% win rate is not be. 80% win rate is be Do you have a solid trading plan? Do you stick to the trading plan to the T? Do you have a good strategy that you’ve Backtested and practiced for a long time?
@@overnightforex not 4:1 , my rr is risk 1 to get 0.4 reward or risk 2.5 to get 1 reward with win rate almost 71.43 , the question how can i with this rr have higher than winrate
beautiful form , i like those hooks
@@merovingianv3462 appreciate you bruv 🥊
Gettin’ after it 👊🏽
@@Aylingfx 🥊🥊
Amazing! What percent risk are you using per trade?
@@halleyramos8383 5% to gain 1%
@@halleyramos8383 are you using a negative RR??
Try it when not lit...
@@moonman9823 only when lit
very nice movement
nice jab
With a risk-to-reward ratio of 10:1, you need a 90.91% win rate to break even, while for a 20:1 ratio, you need a 95.24% win rate to breakeven
just somethign to think about , im thinking 10:1 needing a 90% winrate at least to not loose seems more atractive to me at this moment
bro all this time ive seen your videos i thought you were black lmao , plot twist
@@merovingianv3462 plot twist 🤣
Hi, I’m confusing 1:36. How do you come up with 7% 17% and 20%? How do you calculate that?
@@MrQVeeBoo those are the percentage gains from each risk to reward
@@overnightforex but how do you calculate those percentages. I’m not good in math. Thank you.
@@MrQVeeBoo all those trades were based on 1% risk. So combine that with the amount of wins and losses.
i mean could you write the formula on calculating 7% 17% and 20%? This is what I got gain from RR = (win x ratio) - lose i got those numbers. am i correct?
@@MrQVeeBoo yes exactly. The first part of the video where it says 1:1 4/5 -1% That’s because I had 4 wins = +4% 5 losses = -5%. So that’s -1%
I was doing 4 reward to 1 risk and now trying out 10 reward to 1 and loving it
I think you can get a very high winrate with that , as long as you enter with a stop order and in specific areas where there is high momentum
@@merovingianv3462 yesss I love 10:1. So far what’s been your win rate and growth on your account?
@@overnightforex i just started today backtesting but so far havent lost, did maybe 20 backtest trades, the 60 trades u did with 20 to 1 how many wins and losses would you have goten with 10:1? I dont know if you do this but I think the key is to set the stop order or limit post a level can be beyond a wick etc, not to enter by yourself but let price break a level and then get the 10 or 20 to 1 as the price already went there, do u know what i mean? that way the market itself validates the direction and is likely to easily keep going, i just check it has enough momentum and is like with a big pivot wherei can put the SL above teh wole thing
the daily candle gives me a good idea of the makret direction, and those levels the candle levels are good to put the Stop order above or below it
@@merovingianv3462 not sure how many it was compared to a 10:1. The Backtesting I did I won 90 trades in a row with a 20:1
You’re picking up pennies in front of a bulldozer.
mmm i think your analogy is flawed , first its not pennies, 5% or 10% is quite a lot, second it depends on the winrate if its a bulldozer or not
scottwelshstrategies.com/trading-blog/picking-up-pennies-in-front-of-bulldozers/
@@overnightforex great article, perfect response, when i got into trading I knew I had to do the opposite of everyone because humans are almost always completely wrong (in everything), I was trying to think of what is the opposite of what everyone is doing? so it took me 7 years to realize what the opposite was to what they are doing and its the neg rrr , i thought the opposite was higher RRR lmao, i was so brainwashed it took me that long to realize it, my first aha moment was with 1:1s, then .5s then .25 now .1 lmao
Also another key is to stick to one pair for that consistency. When flipping a coin to determine an outcome you don't flip 5 coins of different weights and denominations at the same time, you flip one coin.
@@OfoeNelson I swing trade so I cant trade just one pair. But if that worked for you man that’s great
@@overnightforex I'm not a math major so I might be wrong in the long term. I thought about probability and it's duality and this is how I got to my conclusion. In relation to a coin toss 1:1 can represent a coin that's weighted evenly on both sides. With 1:2 the weight doubles on one side of the coin and so on... So the win rate fluctuates with the increase of weight on this imaginary coin. But I'm sure much much smarter people than me have thought about this and there's some flaw in my logic I don't know.
bro i love your videos, keep them coming
@@merovingianv3462 appreciate your support bruv 📈
"taking whatever market has given you". spot on.
I passed phase 1 with a negative RR
@@mrfootball887 love that bro. Happy for you 📈
Has 5:1 failed you ?
@@musicarose5232 nope just like to expierment. I’m still new to negative RR so I’m trying to find the best fit
It’s an interesting topic. You’ll always have to account for human error and I also think that win rate will always fluctuate slightly. Also with a 20:1 you have to win like 50 trades in a row to get 10% But it could definitely work. I mean you could even risk a little more per trade while trying to get funded
@@Aylingfx facts bro it’ll always fluctuate no matter what. It’s just the question of how much do the fluctuations affect the long term growth of the account and if we’re able to minimize those win rate fluctuations as much as we can will that RR turn out to compound an account the best 🤷
I think it works better for scalping! Quick entrances and exits. Trading 20:1 on h4 can work, but you have to keep in mind that you will have fewer opportunities day by day, week by week...
My answer dissapear i dont know why... Yes I mean win rate. If you take 1 losse then it will be difficult mentally to recover 20 trades to reach only breakeven.
@@PtakunDamianShow true I see your point
Thanks brother for your work. I got a problem I lose 4 position with 5:1 is it logical. What can I adjust the situation.
@@nazarhadi1290 4 losses in a row with a 5:1 is tough to come back from for sure. You probably have to go back and look at your losses and figure out why your losing those trades
Wild
With a 20:1 95% to BE so if you do actually win 99% of the time you are gucci just need to make sure with fees and or commision its still a 20:1 and not like a 17:1 because then again different stats are at play
@@gtadone 100% agree
You never achieve 100 % bro
@@PtakunDamianShow 100% win rate?
@@overnightforex yea. Even with 20to1 you hit sl finally some day. Recover 20 trades in my opinion is difficult mentally
@@overnightforex I dont know why but my answer dissapear twice... maybe this time it will works... Yes i mean win rate. So if you losse it will be difficult mentally to recover 20 trader to reach breakeven.
@@PtakunDamianShow I see your point. The question is how many trades can we win without losses with this RR
100% is impossible but 99% is possible
your discord link isn't working pleaser update
discord.gg/P2btRNpM
let me know if this works
@@overnightforex yup I'm in
I was trying 4:1 with a WR of 86% on a smaller Timeframe do you think the profitability is sustainable (for prop firms)? (if I risk 4%/ trader)
I do. I think having a consistent win rate makes it much easier to pass a prop firm challenge. I’d even risk 4.5% if you’re consistently winning already. It’d speed up the process
Actually might try this out. Smaller profit targets are much easier to hit for me personally anyway than a crazy 10:1 or something
@@sonandheir13 it definitely does. Let me know how it works out for you 📈
@@overnightforex So far after 23 trades on crypto, I’ve only lost twice turning 4.4k to 7k. (I’ve also back tested this on nq over a 10 day time span in data replay mode on a 50k account and flipped it to 72k). Small sample size but it’s looking somewhat promising. I’ll continue doing this and try it live for the next few weeks and see what happens🔥
@@sonandheir13 nice man. What RR are you using?
@@overnightforex going with anywhere from 1:20, to 1:10. 1:20s almost never gets hit
Ive been killing it with a 5:1 risk:reward. Only takes 5 wins to make up the loser and tbh the wins happen quite often it helps me out mentally 😊😊
@@TitoVentura every win is apart of a win streak. It’s a beautiful thing man📈
@@overnightforex Its easy cut your losses if any, by 65-70%, that will boost your profits, do not take full stop outs
Keep going i'm on the same way with you in the 5ers account
broo use xau or indices pair 😁friendly with negative rr i hate big commisions on forex pair xau : using 1 lot for 50K accnt target 10 pips / Sl 50 pips target 100$ / sl 500$ entry 2x per day is enough
im funded with 1 step max, ik it takes long time to pass 😅 since 2% dd rules
my 2 cents, ive traded for 7 years full time so im not a newbie, the first loss was because you went against a big pivot, so esentially against a new trend, it was a huge double bounce , the second trade was because you entered too late in a trend, you need to enter closer to the pivot that started the trend, also you know the strenght of the continuation pattern with the size of the wicks if the trend is going down, there should be big upper wicks on the candle and preferably not too far from where the trend started as fx reverses very fast, also if you enter a trade and set a SL at a certain spot, you have to not close it before it reaches that spot, if you close it before then your messing up all the math and also it means either your size is too big or your setup hapens to infrequently or the RRR is too low, i believe in negative RRR but it cant be too negative cus then youll fear a loss not only for the monetary value but also the effort cost of recuperating that loss, your on the right track so dont get discouraged
@@DanielCarrington-q6l thank you for your input sir. You’ve been full time for a while. Has negative RR helped you make a full time income? If not what’s been the most impactful thing to help you become successful
dont get discouraged