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What’s going on guys so we have another back testing video here uh the goal is to find as many uh scripts that are super profitable then create our own rules our own contexts and have uh winning trades preferably above uh 75 80% so we have a couple so far um if you like this video smash the like button hit the Subscribe we stream every day 10:30 to noon 2:00 p.m. till 4:30 so you can watch all this in live action here
On YouTube and if you want to support the channel it will cost you nothing use coupon code Cove Trader it will automatically give you the biggest discounts at takeprofit Trader Apex my funded Futures and tradify along with other ones as well all right let’s dive into this and try to make some really good money off of it we going to win so much you may even get tired of winning and you’ll say please please it’s too much winning we can’t take
It anymore all right so rules are you don’t take a trade in the first uh 15 minutes of the market and you don’t take a trade in the last uh 20 minutes of the market um typically it’s two uh Wick whack of candles so let’s get on with it right and we only trade during New York so man this would have been iffy this isn’t the last 20 minutes so I probably would have taken it and I’m going to say what
I’m going to do is we’re going to take it can you get 10 points on it can you get 20 points 30 points 40 and 50 so I’m going to see how many times we can get all these you got to remember you got to wait till the candle closes because it will flick on and off until the candle closes so your entry is technically uh right here so that’s 31 31 to 85 I’m not counting after hours or anything like
That 31 so you would have gotten all 50 40 30 20 10 okay and if you don’t get at least 10 points and you get stopped it’s an L this is obviously you would have gotten the whole thing all right so you would get in right here You’ get in at 338 you would have only gotten 10 points but that was and there is a little I’m just curious so there’s a little 330 eight 10 points on the back so I’m
Just going to mark down if it goes 10 points on the back before you get in you know like right here so you’re in you could pull back 10 points and get in I’m just going to look real quick no pullback on that one and you would have had a pullback on this one so everyone so okay yeah you would have gotten 50 points uh this one is a uh you would have gotten you could have gotten back fi 10 points
And then obviously you get um obviously you get 50 points wow this is crazy crazy crazy I don’t know if I would have taken this um what I say no 15 minutes I’m I’m not I’m not going to count it but I am going to keep track of it how’s that sounds all right let’s go to another day without news see without news it might be a little choppier you wouldn’t have taken that see this end of day crap is like
I probably wouldn’t have taken end of day again I would have taken this because it would have been not end of day you would have 831 you would have taken a 31 uh 832 you had taken a 30o loss and you could have waited to get in on a 10-point pullback [Music] um damn that you would have gotten your full 50 and you could have waited for a 10-point pull everyone you could have waited for a 10 pointer minus 27 and
You could have waited for 10 point p back oh you would have gotten chopped the [ __ ] up here I’ll tell you what though this weding waiting for the 10o pullback is actually money you would have scored here could you have gotten on a 10-point pullback right here here is 58 yeah you would have gotten in on a 10-point pullback I’ll be honest with you when this turns I mean you’re getting massive points I mean we’ve hit 50 plus points
Every time if you waited for a 10 I mean 46 yo I’m going to give the net net it’s pretty crazy if you think about it like the net amount of points again you would have you would have could you have waited for 50 yeah you would have gotten 10 points also so 10 points is where it’s at this would have been too early to take so I would have taken this see you got to have some contacts but you would
Have gotten you have gotten like 40 points geez could you have waited you would got 10 nine yeah you could have gotten oh you would have got gotten 10 points on this one and you could have waited for the 10 points what’s the max 93 n not even 20 points but you could have waited for 10 back the the gains way outside like the gains the gains way outweigh the losses and you could wait 10 points it’s 40 points the losses
Have not been that terrible is this this is like one of the only ones you didn’t have to wait 10 points for I mean just just right there you would have got 91 to the reason I do 10 is to take your Chips off the table with some gains right away and then you can let the other piece run so at least you took profit f is this wow I’m just just looking be honest with you a lot of the times
You’re getting and you’re getting 30 points here even on that one geez I mean I’m pretty sure I’m going to be taking this crazy it definitely keeps you in he definitely keeps you in the trade gez I am definitely a fan of waiting the 10 points so like when it activates you wait 10 points back and you still get see if you wait and get filled your 10 points that 10 points that you get from here that I’m I’m saying is
Actually 20 points all right see like another one that’s like cuspy like am I going to take this with 20 minutes left in the market probably not probably noo damn all right here’s a loss right here H here’s a little loss now we’re back on the gravy train I mean you would still be you’d still be ultra profitable I mean oh jeez I mean I have to add that one up oh man this is a bad one I’m going to go
Through a couple more and uh I’m going to go and then I will uh follow up with what happens at the end all right just pausing it and then we’ll go to the results all right so the results are in I took 50 trades 10 would have been losers uh out of the 40 winners only five of them didn’t hit 20 points also uh you could have got in like 90% of them on a 10-point pullback so when you lost so
I have some of the the losers the losers are like the average loser is probably 20 to 30 points but if you wait for 10-point pullback the L average loser would only become 10 to 20 25 points and then not only that when you’re getting your quote unquote 10 points that I’ve been looking for that’s really 20 points because you’re getting in at a 10-point discount so your winners so now you’re really this trade is not a 10-point trade it’s really
A 20po trade and then you move your stop up you know 35 of the 40 winners or 35 of the 50 which is 70% so 70% of the trades go to 20 points which is amazing which should actually be 30 points and I’m just looking to see how many got to 30 points oh basically if it got to 20 points so one two three four five six seven eight 10 11 12 13 14 15 16 17 18 19 46% got to
30 points and basically anyone that got to 30 points hit 40 except for one except for one so basically this trade is hitting 40 40 points 40% of the time so 80% of the time you’re going to get 10 and 40% you’re going to run all the way to 40 um but tack on another 10 points because you’re going to wait for a 10-point pullback so your Lo your average loss I’m just going to add up the losses right now so
The losses are 340 points and the gains I’m going to add the gains up right now hold on it was easy actually it was 10 points so the gains are 400 so net net if you only play if you get in and you only play for 10 points in 50 trades you’d be net 60 points but if you waited for a 10-point pullback to enter your whole thing would switch it’d be so if you waited 10 points to enter instead of
Being plus 60 points you’re plus 560 it’s a massive difference massive massive difference so basically you wait till this hits you wait for a 10-point pullback and then you get your 10 points and not only are you getting your 10 points but if you move your stop up um you could definitely let it let a half or a quarter still run for bigger gains but yeah I’m going to keep this on a screen um the average I’m just trying to think
I might play this with One Mini I think I’m going to play this with One Mini in an account and we’ll forward test it so yeah this is massive gains massive massive gains
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