Please be careful of scammers in the comment section! I will never ask you to send me money or trade for you! I do not operate on telegram or whatsapp so if someone claims to be me and uses whatsapp or telegram they are an imposter.
I had chat with one of those scammers today for over an hour while watching a movie... Tried so hard to get me investing in to crypto... Offered me to 350-400$ by investing 100$... Their convincing skill is pretty good... they can easily convince a newbie, people should be more careful on Internet...
About the strategy: (1) When the breakout occurs on one side (long/short), you take off the opposite orders (short/long)? (2) When no breakout occurs, you take out all the orders and put in new ones for the next session?
Based on the uploaders numbers, if you move your SL to break even once TP1 is hit, you will win 79% of the time. you might not get TP2 or TP3, but you won't take the L either. 15 pips a day can change your life.
I've been back testing using this strategy and it works a good most of the times but then I get start getting random consecutive losses. Had 4-5 losses in a row at one point. really disappointing when this happens. but so rewarding when it works.
This is a lot like how I like to trade except on AUDUSD, I draw lines at the highest high and the lowest low between 16:00 & 20:00 (central time) and trade a break and retest of the levels on 1hr timeframe and use the daily ATR to determine how far price is likely to travel. Cheers! Another great video.
@@DmitriKoslov1 ATR = Average True Range indicator. However, as an update, I've decided to nix the ATR and use a range projection method instead. If your range between 21:00gmt and 1:00gmt is 15 pips, then wait for a breakout of the range and set your take profit level 15 pips above if price broke above, and place stop loss at lowest low of the 21-1gmt range. Opposite for range break down. Watch The Secret Mindset's video called "Best Forex & Crypto Scalping Strategy For Beginners" for more info, but I prefer the 21-1gmt time block.
@@theautoman22 Hard to say. It's still kinda new for me, but it seems to be working. Another youtube channel backtested doing the london session breakout and got a 68% winrate.
Great stuff, I have seen so many videos and I am still confused about stock trade and investments, I tried to begin the stock trading myself but I was not successful. Now I wanna try again but this time, I need a good advice and directions to follow. I do not wanna loose my money, but I just have to try again, I do not give easily.
Definitely a great video, I saw many videos too when I was a beginner, I can confidently tell you that it is never easy. I also tried and failed until a friend of mine recommended a good stock broker and financial adviser to me. I followed her strategies and I started making profits. It is the best way to start.
I can't really say much, when I was introduced to this excellent stock broker, who helped me trade and made big profits, I did all she asked of me. I then decided to try the stock market myself, I was able to make $788,000 within 6 Months with a capital of $238,000. You can make more in just few months, all you need to do is invest from her platform
Anyway, despite the fact that I am successful in my achievements today, I honestly did not know where to start when I was a beginner, so I had a good licensed broker, who I trust to guide me through my every move. In fact she helped me trade most times. A friend of mine recommended her to me and I have been very grateful since.
To everyone learning to trade, i know that it can seems hard but trust me its a long term game. Keep in mind that you never know how close you are from reaching your goals, before you actually reach it. Good luck and i hope you the best
I have backtested this strategy period 01-2021 - 09-2021 - 127 trades 3 positions each - 1% per position - 12 H periods from 6 to 18 EST (not 24h) avoided FOMOC and non farm peyroll breakeven when first TP was reached GOA 55 %. Have not seen any future data. Tested it out bar by bar.
@Ronan Considine I have adjusted pending positions every 12h period to highs and lows. When I was already on in the market, wait until all positions will close. Avoiding nerrow / low volatility periods would brings you much better results. Got a lot of losses during these market conditions. Tried to paste link to stats and graph but my post was removed, so if needed I am able to send you backtest data
Two improvements 1. Set a trailing SL to breakeven automatically. 2, The lot size for the 3 trades in one direction should be different from each other. Example Profit target 1: 15 pips with 0.03 lots Profit target 2: 35 pips with 0.02 lots Profit target 3: 50 pips with 0.01 lots
Kelly optimization shows that the first system rules with the tp 15 and sl 25 give the best results. Just trade that system without the other tp's for better results.
Would your trade setups be good for the day only (24hrs) ? For example 6pm-6pm on the 21st-22nd . Put your buy/sell orders after 6pm on the 22nd . If none are hit, cancel your orders and repeat the same steps again for 22nd-23rd ? Thanks
Gotta say props to all the commentoors here. Lots of help and advice. Most trading channel comments are just spam. Speaks to the quality of the content!
Access to good information is what we investors need for immense success and progress financially and generally speaking. Here is a good one and I am grateful.
@@BrandonSmith-ld1gv jobs will pay your bills, business will make you rich, but investments like this will certainly get you wealthy and keep you there in the future.
To fine tune this a bit. make the stop loss a trailing stop. and honestly... once TP 1 got hit i would move that to profit. soooooo enter 7 above... TP + 15 = 22 Move SL to -20 from TP 1. To further stream line this. TP 1 should cover your trade costs and secure a small profit. So. this trade should be 10 to 20 % of your total. TP 2 should be another 20% to 30% of your trade. This is simply a profit taking trade. You are already in profit. TP 3 is the rest and yes we are just letting this ride until the trailing stop gets hit. And i would suggest tightening SL to no more then 15 pips once TP 2 is hit.
This is great...I wanted to know if the closing 6PM EST is of the previous day or for the current date. For example, if today is 21st Dec, Do I have to take 6 PM IST, 19th Dec through 6 PM EST on the 20th Dec or 6 PM IST, 20th Dec through 6 PM EST on the 21st Dec
I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investment?...
Good breakdown! Yeah as soon as id hit that first 15pip target id bring the stops up to break even or just above break even. i realize it doesn't give the trade as much room to run but you've locked in profit and minimized risk. very easy to automate as well
@@jackdeep480 I've actually been using this trade setup daily for the last 7 months or so. It works very well. I'm getting a winrate of 73% of hitting the TP2 on USDJPY pair over the last 123 trades but im also getting very similar results on some other pairs as well. You really dont need an EA to automate this unless you want to add additional rules. Well worth checking out. I've added additional rules like trying to trade with the trend on the daily chart(so as im posting this, its bearish imo so ill look for a short rather than a long possibly off the trendline) and keeping in mind supply and demand areas. I use a hedging technique rather than a hard stop to minimize losses even further. You might want to correlate this with candlestick patterns like dojis, gravestone, hammer candles etc to increase win rate. This strategy is very similar to the london breakout strategy which i've been using for years now
As im posting this dec 27 i have a long trade that has already hit the first 15pip TP despite me being bearish. In this situation id raise my stop more aggressively up to breakeven. If it was a short position then id be more inclined to keep the 25pip stop or raise it less aggressively. Also If it high or low isnt broken the next day then there is no trade and i really like trading this on major news announcement days.
You might set your stop loss at the halfway area of the range. It seemed to be in that area, give or take a few pips. Set your first TP 0.6 times your Stop Loss. 2nd TP would be 1.4 times your Stop Loss. 3rd TP would be 2 times your Stop Loss.
@@lepermessiah2011 Interesting idea. Thank you. Too bad I have never traded crypto (noob here) and I can't evaluate the odds. I don't have any idea how big the fees are either.
considering 80% of breakouts fail from any range, you'd think it'd be smarter to have those limit orders trigger and bet AGAINST the breakout each time. So have your limit orders 7 pips above the top of the range for example, but to sell it back into the range. You'd win 80% of the time and your stoploss would be maybe 14 pips up and only trigger if a real breakout happens and maybe you're risk reward is 1:1 -- and every time the price falls back down into the range you get potentially a swing trade. You'd have to figure out the average bar size in the range, and make that your limit order measurement above and below the range.
@@jonathanheaden9982 That's not correct, sir. The 15TP was hit 25% of the time before retreating to the SL. The 15TP was also hit in the same trades the 35TP was hit (10%) and the 15TP was also hit in the same trades the 50TP was hit(44%). So, the total times the 15TP was hit: 79%. The problem with this is the 5 to 3 Risk/Reward ratio. This requires a winning percentage of 62.5% just to break even without consideration of fees which would put you at a loss. I'm wondering what the significance of the 25SL is. And if the 25SL is necessary then what are the results with 1 to 1 Risk/Reward? But based on the parameters that were given, 15TP (3 to 5 R/R, ) is reached 79% of the time resulting in +660 pips; 35TP (5 to 7 R/R) is reached 54% of the time resulting in 790 pips, and 50TP (1 to 2 R/R) is reached 44% of the time resulting in 800 pips. To break even, the 15TP requires a 62.5% win rate, 35TP requires a 41.67% win rate, and the 50TP requires a 33.33% win rate.
@Jason Blevins Hi I'm new to the trading and i am just tryng to understand as much as possible. If i open 3 trades like in the vide, all 3 with 25SL, if i lose the first trade i lose all 3?
@@fullyvoid8356 Yes you would lose all three since that all have the same 25pip SL. But what you are hoping is that if the market is headed downward, the 3 buy orders never get triggered in the first place.
With this strategy are the orders closed at the end of the 24hrs or left open to run, and then new orders get created the following day and both are running?
nice video, one question: what if the orders did not hit their take profits nor their stop losses and 24 hours have past. Are you supposed to close your positions and set your new orders for the next day? other than that this is a great strategy and I'm definitely going to try it out
I've been testing this one for a while now. So far I've done 63 tests (from 1st June 21 to 23 Sep 21) with 1% risk per trade. I can't see how you even came anywhere close to your 89% claim... After the 63 I've done I'm currently down 9%..
I used everything the same USDJPY and the same period he was testing so found the same ones he demonstrated with. I'm Currently looking into his over to his other daily strategy now. But not overly convinced on that one too what with having to 10 losses in a row at some points.
I think you must have done something different James? I have just run tests on the 15 minute Chart. What I did though, is when the trade was 25 Pips in profit, I lifted my Stop Loss to Break Even. 30 Wins/18 Losses 48 Trades - 600 Pips Profit (Period 2nd May - 27th August)
@@zedrunner761 I thought that too. But stuck to his rules. I'll try a different period of time and adopt your SL method and see if it has better results.
I've been playing with this strategy on a tiny account (< $100) since the day this video came out. Followed the rules except actively managed the trades and moved my stops frequently, never exactly the same way, and sometimes using a trailing stop. Also, because such a small account, my risk was higher in order to get into the trades, more like 6% or 7%. Results = Price triggered into 9 trade setups (times 3 = 27 total trades), 70% win rate, 26% total gain on the account. Obviously getting a bit lucky here and don't expect these kind of results to persist, but nonetheless, it's been nice not having to spend hours looking/waiting for setups. Set and forget until you're in, then periodically checking in to tweak stops.
@@fullyvoid8356 Yes, if the price goes above your pending buy stop (or below your pending sell stop) and the three trades are opened, then goes down to your SL before hitting any of the take profits then you can loose all three (@25 pips each). You can experiment with a smaller SL and/or using a trailing stop or moving to break even once the first TP has been hit. This has been working well for me.
Interesting strat. I'm guessing this falls in the breakout strat category. Just for clarification, I'm assuming that the buy/sell stop orders in the opposite direction are deleted after a position is triggered? Thanks for this one, I'll try to create an EA for this and see how 1000 trades would go.
Please clarify... It kind of looks like in some of your examples that the trade triggers were past 24 , 1 hr candles. So, does that mean you simply keep the existing 6pm to 6 pm window open without adjusting it every day and wait until a breakout is hit?
10 months? I thought this was a daily test. Can you please elaborate? Surely there couldnt have been 6 months where trades are invalid. Did you hand pick what you wanted to enter? Please let us know.
Audai, 10 months is basically 200 trading days. This strategy takes the high and low of the previous 24 hours plus or minus 7 pips. So if it trades in a narrow range and never breaks out of the previous range this trade will never trigger. Based on my math this trade will only trigger about 2 or 3 days a week.
Modified this slightly and it yielded insane results. the stop loss definitely had to be fixed, but the strategy itself is really kinda nice and simple, but kinda smart as it somewhat keeps the momentum in mind since it has to go way past where it was yesterday to actually order, or it just doesnt!
Viggo Forsberg thanks, I’ll give it a try when I get the chance. Have you been cancelling all six orders if you get to the next day and nothing has filled either way? Trade Pro doesn’t mention if he did that or not
@@Oscarsupergameing I found it to work pretty decently just updating them for each day, using the day before as measurment for the following day. if the price doesnt break out of the box the orders wont be filled, so remove them and wait. Although, i have not been able to make it work on any other pair, so it's probably kind of 'instable'.
Do the math on this with a straight 50 pip TP and 25 pip Stop. 44 2R winners equals 88R, 56 1R losses. Net equals 32R, or 32% gain risking 1%...and much simpler.
I backtested the strategy manually for 300 trades, it's not that good. TradePro I love your videos but I prefer you to make fewer videos but with longer backtests Love u
Do you close the open trades at the end of the day if stop-loss or take profit both not hit? Or let it go until resolves? And another question, do you reckon any timeframe for this in the 24/7 markets like crypto or gold?
@@sryavuz I am guessing that if the orders aren't triggered (they are still open), then there would not really be much point in cancelling and redoing the orders, bc if they weren't triggerd, then that implies that the price in trading flat/consolidating, and there shouldn't really be a need to redo orders. do you agree?
I recreated this Strategy with an Script. While backtesting even tho some days where only losses I made a Profit of over 200% with 200USD and a lotsize of 0.03 for each Order. I hit a max of 400% so i Optimized the strategy even more. i Recommend trying following: If the Day is about to end close all Profable Positions and leave the losers open. Do not trade this strategy on Friday and use Lowwer TP and SL on Wednesday. If you dont like the Idea with close all Profitable Positions you could go for a break even.
Great video. One interesting parameter that I am missing in the summary is what the market did during this time. So if I just buy JPY at the beginning what profit I would make for these 10 months
@@meyiyaseki1720 what should we do if we price was straight upward at end of period and we have been lost 6pm. Should we place limit order at max+7pips?
@@amirmasoud4769 I personally will obey the rules that have been set. At the end of the duration, if nothing has been achieved, then I will close all existing positions, and start all over again on the next 24 hours duration. Modifying existing rules, means anticipating something we assume will happen, even though the price will move where we never know. Mentally have to persevere not to FOMO and not to chase prices.
I am going to test this strategy using currency pairs market times. How I believe this set up will work is use 24 hours with peak trading times in the middle of these hours. I did it with gold world first go. For example gold is most volatile during London New York session but less volatile during Australian Tokyo. Time frame I currently use for gold is 8am aest 8pm est and I set at these times it captures a balanced volatility also keep an eye on where price is currently it could also help with setting and forgetting. For example if both your orders are 50 pips away either side you will be waiting for some time and most likely going to not reach target. However if either your buy or sell orders are within 20 pips your probability of trade executing in your favour increases it also stops you entering and not reaching your target so yes time stamp adjusting would need some trials. So pick a time and stick to it. Do 100 trades before changing the time period for looking at highs and lows
I have tested the strategy on EURCAD, sell with 25 pips SL. The result: three losses and afterwards the price returned 106 pips down. I will try again with SL at 25 pips from the previous day low/high, not from the transaction price.
I do this using the 4hr time frame on AUD/USD. I don't use the high/low on the wicks instead I use the open/close on the candles to mark my high and low and leverage the wicks for profit. Sometimes the difference between the high/low on the wicks and open/close of the body can be as much as 10 to 15 pips. And instead of using 15, 25, 50 as profit targets I use 25, 35, and 40 for my profit targets. The results are better.
I tried something similar (London Breakout Strategy) for months, but incl. spreads and commissions etc never got it to work good enough. Let's be honest; break outs are the hardest (lowest probability) patterns to trade when not incorporating retests etc. Too much institutional supply & demand zones. What DOES work for me though, is using an options STRANGLE (buying an out-of-the-money put, as well as a call). As long as the breakout follow through is strong enough you'll make money.
Breakouts are hard to trade if they tend to be fakies, even if the breakout is successful it might still run into a supply and demand or trendlines and remember every time frames have it's own supply and demand and trendlines. The only way I could basically trade breakouts is using a strong and weak strategy, if a strong currency is paired with a weak one, those levels are going to be hard to stop them until they run into other levels that are stronger, then they will reverse.
I like this strategy, am trading it live but only with 2 positions (15 & 35 pip TP) Risking 1% of account, 0.5% each position. I set alerts so I can at my discretion, exit before the maximum SL target is hit or max profit beyond 35 pips on the second position if I'm awake, otherwise I leave alone.
Why on a paper trading when the order gets filled, all 3 profit targets become 1? First 15 pips TP and last 50 pips TP dissapear and they all change to 35 pips?
You guys are amazing, have been watching (now the 4th) strategy and implementing / testing 3 of good ones so far and, especially this method, is so akin to my way of thinking, and I just love that I found someone with the same weird thinking strategy that I`m using (as a way of strategizing the market). Makes trading so much more fun and interesting holy bolt. Good to see the creativity, its inspiring
So am I understanding this correctly. On ToS it requires me to buy a minimum of 10,000 usd/jdy. If stopped out on 3 lots you just lost $22,500 in a single trade. The strategy seems easy enough but how do you place this trade without risking that much?
Another awesome video! Is there ever a point where you would decide to stop using a strategy. Using this video's example say you were running it live and 8 months into using the strategy you had 6 losses in a row. How far above that mark would you consider acceptable?
Tradingview days are at utc time, so the correct time would be at 00:00 utc, just google the time difference for your city, (you might have to add or sustract 1 hour when daylight savings time starts/ends)
Any more info on the sessions indicator? All of the free ones on Trading Vire are the set trading hours of each market. You're not able to create your own custom session 6am - 6pm like you have done in the video.
Please be careful of scammers in the comment section! I will never ask you to send me money or trade for you! I do not operate on telegram or whatsapp so if someone claims to be me and uses whatsapp or telegram they are an imposter.
I had chat with one of those scammers today for over an hour while watching a movie... Tried so hard to get me investing in to crypto... Offered me to 350-400$ by investing 100$... Their convincing skill is pretty good... they can easily convince a newbie, people should be more careful on Internet...
hi bro, how to set up those purple color background
About the strategy:
(1) When the breakout occurs on one side (long/short), you take off the opposite orders (short/long)?
(2) When no breakout occurs, you take out all the orders and put in new ones for the next session?
Does it work only on one pair - USDJPY
What is the #1 strategy on that list? Is there a video for it?
Based on the uploaders numbers, if you move your SL to break even once TP1 is hit, you will win 79% of the time. you might not get TP2 or TP3, but you won't take the L either. 15 pips a day can change your life.
Let’s Talk I have something profitable👆📩❤️
Agreed 100%
Please what will be the win rate if I focus on only tp1
That is true
I've been back testing using this strategy and it works a good most of the times but then I get start getting random consecutive losses. Had 4-5 losses in a row at one point. really disappointing when this happens. but so rewarding when it works.
This is a lot like how I like to trade except on AUDUSD, I draw lines at the highest high and the lowest low between 16:00 & 20:00 (central time) and trade a break and retest of the levels on 1hr timeframe and use the daily ATR to determine how far price is likely to travel.
Cheers! Another great video.
Nice and good to share.I will test this.Thanks
ATR?
@@DmitriKoslov1 ATR = Average True Range indicator. However, as an update, I've decided to nix the ATR and use a range projection method instead. If your range between 21:00gmt and 1:00gmt is 15 pips, then wait for a breakout of the range and set your take profit level 15 pips above if price broke above, and place stop loss at lowest low of the 21-1gmt range. Opposite for range break down.
Watch The Secret Mindset's video called "Best Forex & Crypto Scalping Strategy For Beginners" for more info, but I prefer the 21-1gmt time block.
@@sandwalrus what’s been your success percentage or win rate?
@@theautoman22 Hard to say. It's still kinda new for me, but it seems to be working. Another youtube channel backtested doing the london session breakout and got a 68% winrate.
Great stuff, I have seen so many videos and I am still confused about stock trade and investments, I tried to begin the stock trading myself but I was not successful. Now I wanna try again but this time, I need a good advice and directions to follow. I do not wanna loose my money, but I just have to try again, I do not give easily.
Definitely a great video, I saw many videos too when I was a beginner, I can confidently tell you that it is never easy. I also tried and failed until a friend of mine recommended a good stock broker and financial adviser to me. I followed her strategies and I started making profits. It is the best way to start.
Can you please tell me more, I really wanna start as soon as possible.
I can't really say much, when I was introduced to this excellent stock broker, who helped me trade and made big profits, I did all she asked of me. I then decided to try the stock market myself, I was able to make $788,000 within 6 Months with a capital of $238,000. You can make more in just few months, all you need to do is invest from her platform
Anyway, despite the fact that I am successful in my achievements today, I honestly did not know where to start when I was a beginner, so I had a good licensed broker, who I trust to guide me through my every move. In fact she helped me trade most times. A friend of mine recommended her to me and I have been very grateful since.
Wow!! so much money in just 6 months of trade? I am definitely interested. I need her recommendation. How do I get her contact?
To everyone learning to trade, i know that it can seems hard but trust me its a long term game. Keep in mind that you never know how close you are from reaching your goals, before you actually reach it. Good luck and i hope you the best
👍🏻 Thank you
My man...thank you for producing all of the videos that you produce for us. I'm grateful and really appreciate all of them.
Let’s Talk I have something profitable👆📩❤️
I have backtested this strategy
period 01-2021 - 09-2021
- 127 trades 3 positions each
- 1% per position
- 12 H periods from 6 to 18 EST (not 24h)
avoided FOMOC and non farm peyroll
breakeven when first TP was reached
GOA 55 %.
Have not seen any future data. Tested it out bar by bar.
Do u cancel the 6 orders after the time period is up or let them go till they hit? Thx
Dear Trade pro. Sorry but was not able to find you on whats up. Was it a right number with country code? Maybe email?
@Ronan Considine
I have adjusted pending positions every 12h period to highs and lows.
When I was already on in the market, wait until all positions will close.
Avoiding nerrow / low volatility periods would brings you much better results. Got a lot of losses during these market conditions.
Tried to paste link to stats and graph but my post was removed, so if needed I am able to send you backtest data
@@patrykbiernat Thx for the info!
Thank you
Two improvements
1. Set a trailing SL to breakeven automatically.
2, The lot size for the 3 trades in one direction should be different from each other. Example
Profit target 1: 15 pips with 0.03 lots
Profit target 2: 35 pips with 0.02 lots
Profit target 3: 50 pips with 0.01 lots
Why not just set 1 order of .06 lots and 1st TP at 15pips of 50%, set SL to BE, then 2nd TP at 35pips of 66% and close at 50pips?
@@mark.timlin it was just an example I gave. Traders can play around the way they want it set up.
@@IrajMatthee got ya just simpler using just 1 long and 1 short order instead of 3 of each
@@mark.timlin you could if you're not worried about potential growth other than than the intial profit target.
Kelly optimization shows that the first system rules with the tp 15 and sl 25 give the best results. Just trade that system without the other tp's for better results.
Gotta say, man, your videos are absolute gold.
Would your trade setups be good for the day only (24hrs) ? For example 6pm-6pm on the 21st-22nd . Put your buy/sell orders after 6pm on the 22nd . If none are hit, cancel your orders and repeat the same steps again for 22nd-23rd ?
Thanks
I am currently scripting this out and that's how I plan to program it. If nothing is hit reset orders to the new prices.
Theoritically, if you only put 1 trade (15 pips) at a time, you get 79% success (+1185 pips) and lost 21% (-525 pips), so total gain +660 pips
Gotta say props to all the commentoors here. Lots of help and advice. Most trading channel comments are just spam. Speaks to the quality of the content!
Thanks for watching...don't forget to hit the subscribe button 👍☆±¹⁵⁷⁰⁵⁰⁰⁵²⁶⁹. Hit me up for insights & directions..■w🇭 a🇹 sa🇵
I really appreciate your breakdown of the trade, back testing now, thanks so much.
Yes it's a wonderful strategy I must say
Access to good information is what we investors need for immense success and progress financially and generally speaking. Here is a good one and I am grateful.
@@BrandonSmith-ld1gv jobs will pay your bills, business will make you rich, but investments like this will certainly get you wealthy and keep you there in the future.
Thanks for this strategy
Exepert investing is the best advice you'll get today
To fine tune this a bit. make the stop loss a trailing stop. and honestly... once TP 1 got hit i would move that to profit. soooooo enter 7 above... TP + 15 = 22 Move SL to -20 from TP 1.
To further stream line this. TP 1 should cover your trade costs and secure a small profit. So. this trade should be 10 to 20 % of your total.
TP 2 should be another 20% to 30% of your trade. This is simply a profit taking trade. You are already in profit.
TP 3 is the rest and yes we are just letting this ride until the trailing stop gets hit. And i would suggest tightening SL to no more then 15 pips once TP 2 is hit.
This is great...I wanted to know if the closing 6PM EST is of the previous day or for the current date. For example, if today is 21st Dec, Do I have to take 6 PM IST, 19th Dec through 6 PM EST on the 20th Dec or 6 PM IST, 20th Dec through 6 PM EST on the 21st Dec
I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investment?...
All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses...
That is true, you need an expert trader to make good profit from cryptocurrency trade..
Get an expert trader who will trade for you while you receive the profit. that's the best way to make good profit from cryptocurrency investment
How can someone know a professional trader that is trustworthy when legit ones are hard to find this days
@@douglaschalliot6874
I will recommend my current trader Mrs Johnson Brina, , she is from USA and her strategies are earning a lot of profit for me
Good breakdown! Yeah as soon as id hit that first 15pip target id bring the stops up to break even or just above break even. i realize it doesn't give the trade as much room to run but you've locked in profit and minimized risk. very easy to automate as well
Are you still using this strategy?
Also have you tried to automate this?
@@jackdeep480 I've actually been using this trade setup daily for the last 7 months or so. It works very well. I'm getting a winrate of 73% of hitting the TP2 on USDJPY pair over the last 123 trades but im also getting very similar results on some other pairs as well. You really dont need an EA to automate this unless you want to add additional rules. Well worth checking out. I've added additional rules like trying to trade with the trend on the daily chart(so as im posting this, its bearish imo so ill look for a short rather than a long possibly off the trendline) and keeping in mind supply and demand areas. I use a hedging technique rather than a hard stop to minimize losses even further. You might want to correlate this with candlestick patterns like dojis, gravestone, hammer candles etc to increase win rate. This strategy is very similar to the london breakout strategy which i've been using for years now
As im posting this dec 27 i have a long trade that has already hit the first 15pip TP despite me being bearish. In this situation id raise my stop more aggressively up to breakeven. If it was a short position then id be more inclined to keep the 25pip stop or raise it less aggressively. Also If it high or low isnt broken the next day then there is no trade and i really like trading this on major news announcement days.
How ia the strategy going? Which are the other pair you re using it on? Thanks in advance for your answer
Can we applied this to crypto? What we use instead of pips to set or profit and stop loss?
You might set your stop loss at the halfway area of the range. It seemed to be in that area, give or take a few pips.
Set your first TP 0.6 times your Stop Loss.
2nd TP would be 1.4 times your Stop Loss.
3rd TP would be 2 times your Stop Loss.
@@lepermessiah2011 I’ll check it out and do some test runs thank you 🙏
@@lepermessiah2011 Interesting idea. Thank you. Too bad I have never traded crypto (noob here) and I can't evaluate the odds. I don't have any idea how big the fees are either.
@@Tbcrypto333 Please, post the results here, I'm curious, thank you. Or alert me by PM if possible
How can I calculate pips on BTC or ETH? and what trading session should I use for them?
considering 80% of breakouts fail from any range, you'd think it'd be smarter to have those limit orders trigger and bet AGAINST the breakout each time. So have your limit orders 7 pips above the top of the range for example, but to sell it back into the range. You'd win 80% of the time and your stoploss would be maybe 14 pips up and only trigger if a real breakout happens and maybe you're risk reward is 1:1 -- and every time the price falls back down into the range you get potentially a swing trade. You'd have to figure out the average bar size in the range, and make that your limit order measurement above and below the range.
is it fr 80%?
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Can this strategy be used for Bitcoin too? I assume there needs to be many changes regarding the time period since, targets and stoploss, right?
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Great video. So would this work on any market or most effective with USA/JPY?
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Have you backtested with a tighter SL, like 15 pips, so that the first TP is at least a 1:1 ratio?
does this also work from Friday's high/low into Sunday? or is it only during the trading week ?
So if you truly hit the first mark almost 80 percent of the time wouldn't it be more worth while to put in more money and just do the first step?
The first mark only hit 25%, not 80% sir.
@@jonathanheaden9982 That's not correct, sir. The 15TP was hit 25% of the time before retreating to the SL. The 15TP was also hit in the same trades the 35TP was hit (10%) and the 15TP was also hit in the same trades the 50TP was hit(44%). So, the total times the 15TP was hit: 79%. The problem with this is the 5 to 3 Risk/Reward ratio. This requires a winning percentage of 62.5% just to break even without consideration of fees which would put you at a loss. I'm wondering what the significance of the 25SL is. And if the 25SL is necessary then what are the results with 1 to 1 Risk/Reward? But based on the parameters that were given, 15TP (3 to 5 R/R, ) is reached 79% of the time resulting in +660 pips; 35TP (5 to 7 R/R) is reached 54% of the time resulting in 790 pips, and 50TP (1 to 2 R/R) is reached 44% of the time resulting in 800 pips. To break even, the 15TP requires a 62.5% win rate, 35TP requires a 41.67% win rate, and the 50TP requires a 33.33% win rate.
@Jason Blevins Hi I'm new to the trading and i am just tryng to understand as much as possible. If i open 3 trades like in the vide, all 3 with 25SL, if i lose the first trade i lose all 3?
@@fullyvoid8356 Yes you would lose all three since that all have the same 25pip SL. But what you are hoping is that if the market is headed downward, the 3 buy orders never get triggered in the first place.
With this strategy are the orders closed at the end of the 24hrs or left open to run, and then new orders get created the following day and both are running?
nice video, one question: what if the orders did not hit their take profits nor their stop losses and 24 hours have past. Are you supposed to close your positions and set your new orders for the next day?
other than that this is a great strategy and I'm definitely going to try it out
Does the timefream have to be between 6-6 or can you use a dofferent 24 hour time frame?
hi, this strategy works on crypto as well ?
please answer me thanks
I've been testing this one for a while now. So far I've done 63 tests (from 1st June 21 to 23 Sep 21) with 1% risk per trade. I can't see how you even came anywhere close to your 89% claim... After the 63 I've done I'm currently down 9%..
Hi James ! Let us know when you will be at 100 tests, im curious also.. Thanks
On usdjpy?
I used everything the same USDJPY and the same period he was testing so found the same ones he demonstrated with. I'm Currently looking into his over to his other daily strategy now. But not overly convinced on that one too what with having to 10 losses in a row at some points.
I think you must have done something different James?
I have just run tests on the 15 minute Chart.
What I did though, is when the trade was 25 Pips in profit, I lifted my Stop Loss to Break Even.
30 Wins/18 Losses
48 Trades - 600 Pips Profit (Period 2nd May - 27th August)
@@zedrunner761 I thought that too. But stuck to his rules. I'll try a different period of time and adopt your SL method and see if it has better results.
So you'd have to be using an FX broker outside the US since they won't allow BUY and SELL orders, right?
I've been playing with this strategy on a tiny account (< $100) since the day this video came out. Followed the rules except actively managed the trades and moved my stops frequently, never exactly the same way, and sometimes using a trailing stop. Also, because such a small account, my risk was higher in order to get into the trades, more like 6% or 7%. Results = Price triggered into 9 trade setups (times 3 = 27 total trades), 70% win rate, 26% total gain on the account. Obviously getting a bit lucky here and don't expect these kind of results to persist, but nonetheless, it's been nice not having to spend hours looking/waiting for setups. Set and forget until you're in, then periodically checking in to tweak stops.
Hi i am trying to understand, if i open the 3 trades, all with a SL of 25, if i lose the first i would have lost all 3 at the same time?
@@fullyvoid8356 Yes, if the price goes above your pending buy stop (or below your pending sell stop) and the three trades are opened, then goes down to your SL before hitting any of the take profits then you can loose all three (@25 pips each). You can experiment with a smaller SL and/or using a trailing stop or moving to break even once the first TP has been hit. This has been working well for me.
@@skinjuice9178 hey man are you still doing this strategy?
@@skinjuice9178 very interesting. Are you still trading this strategy? If so how is it working put for you?
@@Jaypilot100 I am still playing with it most days, but it that winning streak definitely didn't continue. Sitting at around break-even at the moment.
And which pairs would be best to try the strategy on? Which pairs make the biggest daily moves? Any suggestions?
If you're looking for the biggest daily moves, look into crypto ;)
The strategy is USD/JPY specific
@@jeromeloyer8120 Thank you
@@loansharky Thank you
But it perform well in eurusd audusd and gbpjpy I used these pairs
I would love to see you backtest using your recommended improvements. Definitely trying this now
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Will this work on other currencies or other stocks? I'm going to be back testing this and I could use some tips
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what range do you trade on a monday morning? 6pm Thursday - 6pm Friday (previous week)?
Interesting strat. I'm guessing this falls in the breakout strat category. Just for clarification, I'm assuming that the buy/sell stop orders in the opposite direction are deleted after a position is triggered? Thanks for this one, I'll try to create an EA for this and see how 1000 trades would go.
obviously
where an I reach out to you? I want to see the results after 1000 trades
I also want to see the results if you’re sharing
@@Acting_Out I'll respond back to this thread when I get the results.
.
Please clarify... It kind of looks like in some of your examples that the trade triggers were past 24 , 1 hr candles. So, does that mean you simply keep the existing 6pm to 6 pm window open without adjusting it every day and wait until a breakout is hit?
10 months? I thought this was a daily test. Can you please elaborate? Surely there couldnt have been 6 months where trades are invalid. Did you hand pick what you wanted to enter? Please let us know.
Audai, 10 months is basically 200 trading days. This strategy takes the high and low of the previous 24 hours plus or minus 7 pips. So if it trades in a narrow range and never breaks out of the previous range this trade will never trigger. Based on my math this trade will only trigger about 2 or 3 days a week.
Thanks for the video and putting all the efforts. Since you tested in forex market. How can we use it in equity market (stocks / index) ?
Modified this slightly and it yielded insane results. the stop loss definitely had to be fixed, but the strategy itself is really kinda nice and simple, but kinda smart as it somewhat keeps the momentum in mind since it has to go way past where it was yesterday to actually order, or it just doesnt!
How many times have you tested the strategy?
@@Oscarsupergameing Not a lot yet, just over a month, 15 trades. It seems it could work pretty well with a trailing stop loss aswell.
Viggo Forsberg thanks, I’ll give it a try when I get the chance. Have you been cancelling all six orders if you get to the next day and nothing has filled either way? Trade Pro doesn’t mention if he did that or not
@@Oscarsupergameing I found it to work pretty decently just updating them for each day, using the day before as measurment for the following day. if the price doesnt break out of the box the orders wont be filled, so remove them and wait.
Although, i have not been able to make it work on any other pair, so it's probably kind of 'instable'.
Viggo Forsberg cool, thanks
Do the math on this with a straight 50 pip TP and 25 pip Stop. 44 2R winners equals 88R, 56 1R losses. Net equals 32R, or 32% gain risking 1%...and much simpler.
The first strategy (25 pip TP and 15 pip Stop) yields a better result.
So you are making acll and put trades? Thanks
Do you open new set of orders when previous day trades are still open?
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good question. Personally, I would wait for previous days open trades to play out.
I backtested the strategy manually for 300 trades, it's not that good.
TradePro I love your videos but I prefer you to make fewer videos but with longer backtests
Love u
What results did you get?
Thanks for saving me the time.
What were the numbers? Surely if you invested that amount of time you will share?
Hello
Does this theory work on the stock market?
Thank you.
Do you close the open trades at the end of the day if stop-loss or take profit both not hit? Or let it go until resolves?
And another question, do you reckon any timeframe for this in the 24/7 markets like crypto or gold?
ua-cam.com/video/4MXf-cSCT-0/v-deo.html
Did u get an answer to your question yet? I would be interested to know.
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@@briancsmith11 not yet 🤷♂️
@@sryavuz I am guessing that if the orders aren't triggered (they are still open), then there would not really be much point in cancelling and redoing the orders, bc if they weren't triggerd, then that implies that the price in trading flat/consolidating, and there shouldn't really be a need to redo orders. do you agree?
do you move the stop at all or u keep it there all the time at 25 pips
great strategy
How could we get the swap fees out of the picture? ... Maybe place the orders early in the morning? Would it work just the same? (noob here)
What did you do, if it only hit 2 profit targets and the other trade is still open?
Could you please tell me what strategy should a new trader use in their begining
I recreated this Strategy with an Script. While backtesting even tho some days where only losses I made a Profit of over 200% with 200USD and a lotsize of 0.03 for each Order. I hit a max of 400% so i Optimized the strategy even more. i Recommend trying following: If the Day is about to end close all Profable Positions and leave the losers open. Do not trade this strategy on Friday and use Lowwer TP and SL on Wednesday. If you dont like the Idea with close all Profitable Positions you could go for a break even.
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What other pairs does this strategy works on?
Does this only work on UJ with the 25pips SL and targets with those junber ?
Great video. One interesting parameter that I am missing in the summary is what the market did during this time. So if I just buy JPY at the beginning what profit I would make for these 10 months
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What time do you recommend placing orders? I’m gonna try this strategy
You do not place orders manually, but use stop orders. All six orders (3 buy stops and 3 sell stops) were placed at that hour (6pm EST).
@@meyiyaseki1720 hi what shoud we do if price is at its max in 6pm est and is going up.
@@meyiyaseki1720 what should we do if we price was straight upward at end of period and we have been lost 6pm. Should we place limit order at max+7pips?
@@amirmasoud4769 I personally will obey the rules that have been set. At the end of the duration, if nothing has been achieved, then I will close all existing positions, and start all over again on the next 24 hours duration. Modifying existing rules, means anticipating something we assume will happen, even though the price will move where we never know. Mentally have to persevere not to FOMO and not to chase prices.
I am going to test this strategy using currency pairs market times. How I believe this set up will work is use 24 hours with peak trading times in the middle of these hours. I did it with gold world first go. For example gold is most volatile during London New York session but less volatile during Australian Tokyo. Time frame I currently use for gold is 8am aest 8pm est and I set at these times it captures a balanced volatility also keep an eye on where price is currently it could also help with setting and forgetting. For example if both your orders are 50 pips away either side you will be waiting for some time and most likely going to not reach target. However if either your buy or sell orders are within 20 pips your probability of trade executing in your favour increases it also stops you entering and not reaching your target so yes time stamp adjusting would need some trials. So pick a time and stick to it. Do 100 trades before changing the time period for looking at highs and lows
Do you place the orders all at the same time? Does this mean that if the first is lost all three will automatically result in losses?
Yes
I have tested the strategy on EURCAD, sell with 25 pips SL. The result: three losses and afterwards the price returned 106 pips down. I will try again with SL at 25 pips from the previous day low/high, not from the transaction price.
Which indicator did you use to segment 18:00 to 18:00 on chart?
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I do this using the 4hr time frame on AUD/USD. I don't use the high/low on the wicks instead I use the open/close on the candles to mark my high and low and leverage the wicks for profit. Sometimes the difference between the high/low on the wicks and open/close of the body can be as much as 10 to 15 pips. And instead of using 15, 25, 50 as profit targets I use 25, 35, and 40 for my profit targets. The results are better.
Then what do you use for your stop?
am guessing 25. i’ll backtest this author’s variation to see if it’s worthwhile.
@@leratot.k.moloke1462 25 pips
I tried something similar (London Breakout Strategy) for months, but incl. spreads and commissions etc never got it to work good enough.
Let's be honest; break outs are the hardest (lowest probability) patterns to trade when not incorporating retests etc. Too much institutional supply & demand zones. What DOES work for me though, is using an options STRANGLE (buying an out-of-the-money put, as well as a call). As long as the breakout follow through is strong enough you'll make money.
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No idea what you just said😀
Breakouts are hard to trade if they tend to be fakies, even if the breakout is successful it might still run into a supply and demand or trendlines and remember every time frames have it's own supply and demand and trendlines. The only way I could basically trade breakouts is using a strong and weak strategy, if a strong currency is paired with a weak one, those levels are going to be hard to stop them until they run into other levels that are stronger, then they will reverse.
@@blkmalepa couldn't agree more!
using trailing stop in number 2 and number 3 oprations at 15 pips.and sleep.lol.thanks for you time.
@♜ Adm⍳n• Tr𝔞dė Prò you live in atlanta? i live in Marietta. lol
Can we trade this strategy on other pairs such as eurusd, gbpusd, usdcad, gbpaud etc. Or other yen pairs? Plz reply
He only did it for that 1 pair. Run your own test and see if it works. Keep us posted.
I just tested USDJPY April 2021 and May 2021... it sucks.. don't waste your time. losing strategy
Please what time frame did you use
15 timeframe
@@benaguilar5226
Thank you
Been using this simple strategy to pass funded account challenge. Thank you @tradepro
Awesome stick with proper risk management and you should be good to go
I like this strategy, am trading it live but only with 2 positions (15 & 35 pip TP) Risking 1% of account, 0.5% each position. I set alerts so I can at my discretion, exit before the maximum SL target is hit or max profit beyond 35 pips on the second position if I'm awake, otherwise I leave alone.
Hey bro, how is this strategy taking you???
What if i dont apply it on Eastern standard time and i do it on my country time with the same rules?
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Would this kind of thing work on bitcoin?
Why on a paper trading when the order gets filled, all 3 profit targets become 1? First 15 pips TP and last 50 pips TP dissapear and they all change to 35 pips?
Wouldn't it be better to use a trailing stop loss and scale in and out of the position in thirds?
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What timeframe is the video showing?
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i love your complete breakdown of trade
damn it i got lost with the time thing what should i choose in tradingview time should i use new york?
Yes. EST or New York time.
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@@shannonp4037 ty bro
can this work with stock options as well
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been trying this out, a question , are we setting 3 buy stop orders as well as 3 sell stops ?
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yes
I'm not sure and it is because of 1 reason, handpicked examples will always work, why not using consecutive days like most of us would do?
that's why we need to keep practicing every single strategy/technique that we've learned :)
@@delicioustoast2359 try Mrs beto strategy and thank me later
@@delicioustoast2359 I invested $4,500 and I make $31,450 weekly trading with her, I only trust Mrs Beto with my investments.
You guys are amazing, have been watching (now the 4th) strategy and implementing / testing 3 of good ones so far and, especially this method, is so akin to my way of thinking, and I just love that I found someone with the same weird thinking strategy that I`m using (as a way of strategizing the market). Makes trading so much more fun and interesting holy bolt. Good to see the creativity, its inspiring
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So am I understanding this correctly. On ToS it requires me to buy a minimum of 10,000 usd/jdy. If stopped out on 3 lots you just lost $22,500 in a single trade. The strategy seems easy enough but how do you place this trade without risking that much?
Margin/Leverage
Does this works on crypto? Having that urge to try on it....
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I've been trying it for now and it works pretty well if you set SL to breakeven after hitting your first target.
@@ryandewilde6396 how many pips above the day high/low? In the video mentioned 7pips.
Is this applicable only for USDJPY or any other pair as well?
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have you di=one the average time per trade and where to find the full results for testing strategies
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Sorry bro, i tested it with an algo for the last year on MT5, it was profitable but only for the last few months. No steady equity curve.
Random question but I’m a noob. That box he gets to pop on the screen, red on bottom, green on top. How the heck do you do that lol
Another awesome video!
Is there ever a point where you would decide to stop using a strategy. Using this video's example say you were running it live and 8 months into using the strategy you had 6 losses in a row. How far above that mark would you consider acceptable?
how did you mark out the time like you had it on your chart
you can use daily high/low indicator to help you see the previous daily high and low
What decided whether you go long or short in this method?
Market decides
Price
How come it took 10 months if you were to make the orders daily?
You don't get a breakout everyday. The strategy isn't built for ranging markets
Where can I send u a strategy
I wonder if it works with other pairs? it seems interesting .
I guess u just need to adjust the time based on pairs.
i tried it on othr pairs I guess it comes down to changing the time cuz it didn't give the same outcome on other pairs.
Can i use this strategy without follow fundamental news ??
yeah
@TradePro I have a scalping strategy that you might be interested in. How do I get in touch with you?
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Hi Bro.. do u share ur ranking sheet..? If possible, please do, that will b great help for novice trader like me..
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Which pair is best for this streatgy
USDJPY pair but it can be used on any JPY pairs
What's GOA stand for and what's colomn after GOA? I'm talking about your copy trading spreadsheet
Gain of Account and how long it took to find the 100 trades
@@maxim7870 gotcha. Appreciate it man
What 2 times would you use for crypto?
Tradingview days are at utc time, so the correct time would be at 00:00 utc, just google the time difference for your city, (you might have to add or sustract 1 hour when daylight savings time starts/ends)
Any more info on the sessions indicator? All of the free ones on Trading Vire are the set trading hours of each market. You're not able to create your own custom session 6am - 6pm like you have done in the video.
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Great video thankyou!!!
Is there an EA that can set SL to break even after it gets to 15 pips? I can't find any like that.