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What’s going on guys so I am going to back test the strategy that I’ve been thinking about doing I’ve tested it um a couple times live and it works um and I want to make it public to you guys I don’t know if somebody else is doing this listen somebody else might be doing this somebody else might not I don’t know I am just going through this journey of back testing indicators um and all types of different things and putting the
Videos out for you guys before I get into that we stream every day 10:30 to noon again 2: p.m. to 4:30 um yeah if you like the video smash the like subscribe if you want to support the channel use coupon code Cove Trader uh it will automatically give you the best discount at takeprofit Trader Apex my funded Futures tradify and a lot of other prop firms so let’s get on with it I’m going to go back as long as they allow
Me to do so basically I take the 829 candle which is the range and I’m looking to get four points to the upside and also four points to the downside so basically we’ll have uh up down and and then we’ll also do um first one that hits and second so maybe we find something where the second one is better so if it goes down and then up maybe that’s even better than so all right so this candle’s down up and then
Obviously we Wick up oh no sorry this candle’s down open here all right so then this candle opens here drops you would get your four points and then picks back up stops there you’d be in we open right here you Wick up and then you drop so you would have gotten the upside the downside and obviously first and second worked because it’s okay boom there stop loss by the way is the other side of the range so if you get pulled
Short your stop is to the top okay so you would have gotten you would have gotten it all right let’s go back back back here we go so basically we have the opening candle right here you would get Wicked in so you’d get Wicked in at No 9 95 so minus 14 points on the loser and then obviously you get your four points to the downside so the second one hit and it was down the second one okay just keep it
Flowing right so this is the opening candle this dips 95 you’re in you got your four points and then we pop you get in on the upside is at 304 oh you got your Four Points it goes man that would have been tight candle at 30475 damn you would have just got it you have just got it all right here we go boom you obviously get it to the downside and then you’re going to Wick up again 6 367 you do
Not you do not get it so down and the first one hit and then on the upside you would have taken an L of 67 – 17 okay this is why I do it got a back test all right this is obviously a clear winner you open you go up you hit and then it comes actually you open you would have dropped you yeah you would have got both on that hit hit uh oh man it [ __ ] I don’t
Know if You’ get hit on that I don’t know I mean we’re [Music] talking a quarter point I I’ll mark that as a loss I don’t you know depending on where you put it you could be a quarter point off and not get it but but then you would have gotten it to the upside obviously so the up and the second and then let’s just say you lost that so you got it it’s 12 points definitely interesting I got some interesting
Data already all right so this goes like this we sweep low and then you get up so you got all of them right here got it got it got it got it all right so you sweep to the lows you get filled obviously this goes up and then closes down so you get got it got it got it got it uh you get your four points to the upside actually this would have Wicked down first 56 you get your points there
And your points there uh it opens you up you get your you get your four points to the upside and then you get your four points to the downside nice little streak we’re going on right here all right so this opens we go this would be going down first 44 you would get filled four points and then four points oh baby it’s starting to heat up starting to heat up uh so this is pretty good example look you go up you
Get it and then you get filled all the way over here and you get it that’s the first time that it hasn’t been within the first couple candles which is interesting I’m going to keep an eye on that to see how many of those hit so you would get filled on the way down obviously and then right here you’d get filled it would open you’d Wick back up and you’d get again oh baby so there hasn’t been one day where you
Don’t get at least one side of it so even if you lose 14 points you get four of it back on the other on the flip side flip mode it’s pretty interesting okay here we go yeah you’d get four four points to the down four points to the up dude that was a lot in a row oh man this just rocketed all right what this looks sloppy what happened here candle we dip obviously we get the low cuz it doesn’t ever
Break Above This so obviously you get the low four points and then later on it breaks the high you get the Four Points what day are we up to we’re in December 20th damn I’m just I’m going back as long as they have data the data runs out after a little bit so you get your four points to the downside oh yeah you get it you get it to the upside too dude that’s one that’s nine days in a row you
Would have gotten eight points it’s a lot all right here we go Four Points oh you know how you would have gotten hose here candle opens this candle drops you’re in at 77 and then it would Wick up you’d be out actually it’s only a fivepoint loss because the candle is so small and then obviously You’ get to the upside on the second that’s interesting when the candles are super small like that something I’m going to watch out for uhoh smells
Like a loss 37 oh here’s another one you would have taken a six-point loss see when the candles are small and then you would have gotten the second one to the down when the cands are small it’s iffy but obviously you don’t want them to be too big because you could take a massive loss but and that’s it it’s all that’s all we got that’s all the data so that is 18 days of data um we’ve only lost uh four trades
Which means it lost either to the up or down because it’s two trades a day so if you look at it it’s 18 days so we’re going to do the math 18 days times 2 it’s 36 trades and you would have won all the trades one two three four five trades you would have won so it’s it’s uh 83% win rate on this trade so that’s what we got 83% win rate um and I’ll do I’ll add up the points so
One two three four all right so we we hit 30 times times oh no I actually messed this up the win rate’s 86% we only lost five trades out of 36 so win rate’s 86% you would have lost 54 points and you would have gotten 31 times four you would have gotten 124 points so net net you’d be up 70 points in 18 Trading days I mean 18 Trading days 70 points if you were playing one Co One Mini you would
Be up 1400 bucks if you’re playing two minis you would be up 2,800 I was thinking about doing it with three minis three minis um oh my my brain I 1,400 time three my brain is just dead at the end of the day uh it’s $4200 in so I think I’m going to do this I think I’m going to take this trade I went to take it today Apex wasn’t working so I missed out on this trade which is so stupid
But but uh I’m going to take this trade going forward I’m going to start off with uh I going to start off with two accounts I was going to start off with my lowest two Pas which are these two Pas um and I’m going to copy trade those two three minis each until I blow the account or I get paid honestly if I was looking at this there isn’t the biggest draw down I would be in is about a th000 bucks
A draw down because I would have gotten hit for oh no I would have got hit for 17 points that day but I would have made back four so I would the draw down is maybe a th000 bucks at most mostly because I haven’t hit in one day I haven’t lost both trades so you don’t get that massive draw down which is lucky but not saying it can’t happen I’m just saying what’s happened the last 18 days so I’m going to
Roll this out and um yeah I’ll let you know how it goes
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