Author: covetrader

  • Best Tradingview Indicator To Find Reversals

    ✅COVETRADER Coupon Code On All Prop Firms

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, uh, this Trading View indicator is pretty good. I’ve back tested it. The win rate was with my rules was something like 80 something%. Um, I’m going to go over it all right now. Before I do, I stream live every single day. Once in the morning and then once again around 2:00 p.m. to 4:30. Uh, if you want to support the stream, use coupon code. it will automatically give you the best deals at all the prop firms.

    Also, in the description of this video is a link to my free Discord. Also, there’s a link to a free futures course along with a link to exclusive discounts for all prop firms. Um, all right, I’m going to jump into it. Uh, there are rules to this that I have. one, I only take uh this indicator from about 10:00 on and I do not use it after hours. So, it’s only during basically the New York session. Um I’m only looking to

    Get I think the back test was 10 or 15 points. Um and it was I think it was 10 points. I went break even and then I I move it down. But I’m just going to I’m not going over the back test today. I’m just kind of going over it because people have asked me about it and I figured I’d make a new video. Um, just so anybody new that subscribes to the channel can see what I’m talking about and go

    Over some of the rules. All right, so here we go. Basically, one of the rules is there’s a lot of, you know, this is one, this is one. But the reason why you don’t take this is there’s no push up and then down. You’re not just taking this. Like see how this one breaks out? This is a breakout candle basically to the upside and then they slam it right back down. That’s what I’m looking for. And then you get the confirmation

    Which is this dot means that you basically closed below this line and you could have taken this to the downside. Um I get some other good examples of this, you know, to the upside. See how we’re going down, down, down, down, down, and then all a sudden we stop and then they even push it down further and then sweep it back up. I would take this to the upside. Like I said, I’m not looking for a massive amount. This would have

    Gotten the job done. Even if you bought at close at 98, it went up over 20 points. I’m at least at break even or up 10 points on that. Um, but would I have taken something like this? Probably not. That’s not really even though it works out, it’s probably not what I’m looking for. You know, I want to see us if like this was one. It’s not. But, you know, I’m looking for moves that come out and not every day do

    You get it. Look, this day you don’t you don’t have it. I’m not that’s not doesn’t fit the criteria. Um that doesn’t even though you’re going down a little bit. I I still wouldn’t have taken that. That’s not a uh I want to see like this down and then one. So it doesn’t happen every single day. It’s one of those that when it happens, I am definitely into it. You can’t have a down one when you’re going down already. You know,

    Same like this. Here’s an up one, but you’ve already been going up for how long? So, it’s one of those things that sometimes it happens every single day, multiple times, and then all of a sudden you’ll get, you know, days where you’re not getting them at all. Um, you know what it is? We went through a bunch of This is a bunch of chop. If you look, this is all chop. So, I might have picked a a bad uh section to

    Go through it, but like something like this I might take, you know, for you know, you’re you’re right, you’re going up up up. They push this candle over these highs up and then you slam it. Would I have gotten in down here? No. I typically go in on the break a lot of the times and my stop is up here is what I I would typically go for. You know, something like that would probably work. You know, I would take this

    Where we opened up, you know, we go down a 100 points and now you have one to the upside. I would take that. That would be right in my wheelhouse. You know, same thing like this would be one. I would take this. You basically swept these highs. Now, this isn’t some massive winner. I might have gotten stopped out break even here, but you know what? 41. No, I probably would have gotten at least five points because I probably would have moved

    My stop. I probably would have moved my stop down a little bit, but you know, I’m just going over, you know, ones that I like just to give you a general idea. So, I back tested this. It works. It works if you follow the rules. I don’t know why it’s not shaded in, but like this. I don’t know why it’s not shaded in. You know, you’re up up up and then you get one up here. Yeah, I’m taking that. I I’m

    I’m taking that one. So, these are just couple trades. Like I said, it doesn’t happen every single day, but it’s called And by the way, it’s called uh Lux Algo three bar reversal pattern. So, if you want to know, that’s what it is.

  • Easy Trading Strategy With 85% Win Rate – Best Tradingview Indicator

    👉 Link For Everything https://linktr.ee/covetrader

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, I’m going to show you a simple strategy that you can use on the NQ that produces over 85% win rate. Um, I’m going to go over all of it and what indicators and how I set it up. Um, before I get into that, we stream live every day. If you have questions, come on the live stream and ask. Uh, if you like this video, smash the like button. And uh if you trade props and you want

    To support the channel, use coupon code trader. Also in the description of this video, there’s a link to my free futures course and a bunch of other free stuff in the main link at the top. So, let’s just jump into this. So, this is just based off of hourly sweeps. Um there’s a couple things you’re going to look for um and time frames. So, basically, I use HTF uh candles, higher time frame candles. You basically go to the settings, you set

    It up 1 hour. I don’t pay attention to any long or short boxes or anything like that. All I’m looking for is the highs and the lows. Um, super simple. So, I didn’t actually come up with this. I was uh there’s a person I follow on uh Twitter. He used to have the percentages here. If you look at one of my older videos, the percentages are here. It’s like over 85%. The only ones I was looking at were these 8, 9,

    And 10:00 a.m. I would and uh for the short uh it was only these two. All I want is the high percentage ones. The other ones get too mixy cuz you know, you might have a trend for the day. Um so I don’t actually follow any of those. But if you look, one of the examples is something like this. New hour opens, we sweep, we come down, there’s a break of structure, and once there’s a break of structure is your indication

    To go back the other way. And basically, you’d be targeting the open, which was 85. So like this, this is an hour 10. So I would be looking at this. So that’s kind of uh the gist of it. I mean, look, you could see it happened on a small scale right here. you sweep the lows and then you just come back to basically the open. Uh, you know, that’s, you know, that’s a small one. I’m not necessarily always looking for the

    Small the small ones. I like stuff like this where, you know, you kind of sweep below. I also like when this candle ends, you know, comes down and maybe ends up here so you get a real good sweep. Um, an example would be like this if this candle came down, but that’s not the time frame I’m looking at. Um, and that’s it. You’re looking for eight. Uh, you’re looking for the sweeps here. Mostly I was looking for the sweeps the 9:00

    Session and 10. Also, for me, it needs to be in the first 20 minutes. The rates are extremely high in the first 20 minutes. After that, I am not really interested. So, it’s got to be the first 20 minutes. Um, and it’s got to be one of these hours that it’s got to take. And it’s super simple. You know, I don’t I don’t play any of the other ones. It’s actually works out pre-market a lot. See, like this sweeps after the

    First 20 minutes. Wouldn’t take it. Um, you know, after the 20 Let me see. Let me see. This would be after the 20 minutes. wouldn’t take it. I take first 20 minutes and it’s kind of like a little pre-market thing. See, you got an in Well, this is that returns. I’m just looking. You know, it doesn’t happen every single day. So, it happens, you know, eight swept, eight swept here, came back, you got the open. So anyways, it the he used

    To have it up. It was already over 85% win rate when it was uh eight, nine or 10 and it was within the first 20 minutes. This guy’s got some really good stats on his website. Like I said, I didn’t come up with it. Um nqstats.com. And uh like I said, if you got any questions, definitely uh see there’s other there’s a bunch of other stats. He’s got a whole bunch of metric uh some libraries about all the other stuff. I

    Will say cool site and uh like I said got questions uh I could help you

  • Automated Ninja Trader Strategies When Trading Prop Firms

    👉 Link For Everything https://linktr.ee/covetrader

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, I am going to go over a couple things here and uh yeah, you’re going to want to watch to the end of the video. So, anyways, before I get into this, we stream live every single day here on YouTube. Um, also, there’s a link to our free Discord in the description of this video. There’s another link to a bunch of free stuff like uh free futures course, uh discounts, everything in the description of this video. If

    You want to support the stream, smash the like button. Doesn’t cost you anything. Also, uh, be sure to use coupon code trader. It’ll automatically give you the best discounts. But the thing I really want to talk about today is Ninja Trader. So, Ninja Trader has a strategies thing. And if you look, my funded futures just put out that you could start using bots. This isn’t technically a bot because a bot auto buys auto sales over and over and over again. kind

    Of like, you know, hundreds of trades a day. I’m not looking to do that. Um, I’m looking to build strategies, uh, whether it be orb strategies, um, just strategies in general that will auto trade even if I’m not in front of the computer. Uh, I look I’m looking to work on one overnight and one during the day. Uh, one on gold and ES. ES is better than the NQ for uh, these types of bots I found. So, I have tested them

    In the past. I’m not going to say none of these are mine before I show you it. Um, but I have tested some some strategies in the past. I played around with some. Um, but yeah, and then, you know, they have the simple one. So, I put this simple m uh MA crossover. Basically, the eight crosses the 15. Every time the eight crosses the 15, it takes a trade for me. As you could see, the green ones are winners, winner, winner,

    Loser, winner, winner, winner. Actually, this this is not terrible. Winner winner winner winner. Lose lose lose. Win lose. Massive win. Look at that. Oh, baby. Uh. Yeah. I mean, you could see it. This one’s not terri. I mean, it’s not something I’m going to run because what happens with the crossover bots is basically uh you can get stopped out basically close to even when you’re up a lot. something like this, like you were up a ton here and it didn’t get

    You out until it came back up almost a 100 points. So maybe if you did something like this bot, you might run this bot on like it sounds crazy because it’s a 5-second, but it’s not really uh I mean all you’re doing is taking a moving average crossovers. So you’re not trading off of a 5-second chart in theory. you’re looking at the uh 20 prior candles or whatever it is to create the moving average crossovers. Um I’m not even going to

    Get that, but this is what I want to build. If you’re interested, come in the Discord. We’re going to start talking about it. I’m going to start working on building uh some of these bots. Uh I’m going to start using them with my live account. I’ll use it with prop accounts that allow it. And uh yeah, if you’re interested in being part of this uh come to the Discord, say what’s up, and uh if you can code, even better. If you

    Have ideas, better. Uh if you have frameworks, um I know a couple guys I’m already talking to have frameworks and things like that. So, I’m going to start playing around with this. I’m going to look on the internet some for some free ones that we can start off with and uh I’m going to go go from there. So, if you’re interested, come on in the Discord and I will see you

  • Time Sensitive Prop Firm Announcements – Take Profit Trade and My Funded Futures

    ✅COVETRADER Coupon Code On All Prop Firms

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, it was a good day on the stream again. If you weren’t around, you definitely missed out again. Uh, yeah. So, before I even jump into it, uh, you know, I stream live twice a day. Once in the morning, once in the afternoon. Uh, if you want to support the stream, be sure to use coupon code. It will automatically give you the best deals. So, we got a couple of announcements right now. And these are things that

    You don’t want to miss out on. First announcement, my funded futures after today, you cannot buy the legacy accounts. Okay? So once it’s done, it’s done. Today’s the last day you can buy them. If you use coupon code and you haven’t bought one yet, you’ll get 50% off. All right? 50% off. It’s this. This is the deal. the coupon code. If you haven’t bought it yet, this is the last day that you can get the legacy accounts, the old ones, starter,

    Starter plus expert. So, that’s the deal. My funded futures also take profit trader flash sale. It’s only going on for a week, 40% off, no activation fee. If you pass and get a payout, they send you your eval money back. So, if you buy an account for $100, you pass it, there’s no activation fee. You take it to a payout, they not only send you the payout money, they also send you that $100 that you bought the account for. So, essentially,

    It’s a free account. That’s a flash sale. So, my funded futures, last day to buy the legacy accounts, take profit trader. Uh, all right, let’s just jump into this day. Obviously, we freaking killed it. If you missed out on these trades, well, sorry, but you can always ask questions. Um, this is my P&L for the day. All right. Obviously, things went really well. Uh, yeah, we crushed it and we crushed it yesterday and hopefully we crush it again tomorrow. So, I

    Thought things were really good today and pretty easy to read. We uh I actually also made about $150, $200 in my personal account as well. Uh I thought it was easy. I actually took the long here. We got actually I took a short down. We took some longs in my personal account. I actually shorted this. Um I thought that was an easy read. And then uh yeah, things were just we were just catching the bottoms. I actually played this to this

    Bar. Um, what else did we catch? I mean, we were just catching moves all day. I mean, you could see the P&Ls. We just all day. We were catching the bottoms. Um, and then after the whole day, we actually caught this uh earnings on the uh the end of the day. And that’s actually what did uh this account was down a thousand and I made about four grand off of uh off of that. Oh, right here you can see I just

    Moused over it. 4,100 30 bucks. Uh we played that on the stream. I showed everybody how to play how I was playing it and it hit. So things are going really good. I just keep building my accounts. I’m looking for a big uh just looking for a big August. So, we’re obviously building accounts. I’m getting a lot of funded accounts, building up my funded accounts, and uh just keep it moving. You know, I’m hoping to get this one over tomorrow, which

    Would give me a 250 funded account. I got this one over and then you can see all my PAs that are obviously up. Um, this one’s getting close to a payout and we’ll see what happens tomorrow. But things are going really well. If you have questions, come in the Discord, hang out, ask questions, comment on the video if you got questions. Um, I get back to everybody. I want everybody to win here. So, that’s pretty much it. I will see you

    On the stream

  • All Traders Need To Watch This – Prop Firm Trading, Futures Trading

    ✅COVETRADER Coupon Code On All Prop Firms

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, if you trade props, futures, anything trading, you’re going to want to listen to this video. It’s super important. Uh before I get into that, we stream live every day, 10:30 to noon, 2:00 p.m. to 4:30. Uh if you want to support the stream, use coupon code. Also, in the link in the description of this video, there’s a link with a bunch of free stuff, free futures course, free all types of stuff. Also, all the discounts, uh,

    Exclusive discounts, everything all in the description of this video on one of the links. Um, all right. So, one of the things I want to go over today is I got lucky and I’m going to show you how I got lucky. So, these are some funded accounts. See, it says cash. These three are funded accounts. 450, 450, 450. And then this one’s an eval. This one’s an eval. So uh I do an opening trade in the morning. I actually I do

    Two trades. My first trade I had an error so I didn’t do it. And actually I should have taken a loss. And after that I kind of got worried that the second trade would not be a winner. So I didn’t copy trade all my PA accounts. Normally I do all these PA accounts, my other PA accounts. And I said, “No, I’m just going to do these accounts.” I did these accounts and it hit. And I should have just did all of

    Them because I know the stats of the trade. The trade makes the trade wins about 75% of the time. And you’re risking four. You’re risking four points to the downside and you’re willing to make seven and a half to the upside. So the riskreward is there, the R is there and the win rate is there. So the fact that I don’t take it is just stupid. But there I am not taking the trade and it would have been a winner. Um,

    All these accounts that you see would all be up 450 bucks and I would be almost at a payout. I’d be $600 away from a payout in this account. It just it was stupid. It was stupid not to do it. And you should if you back test a trade and then you forward test it and it just wins, you know, you already know the win percentage, you know the, you know, the riskreward, you know everything. just take the trade every day

    No matter what because you already back tested the data. So now I I know that the first opening trade I take lost today and that trade has a 78% win rate. So, I know the odds of that hitting on Monday are pretty high because it already lost today, which means the odds of it hitting on Monday are extra high. Um, yeah. So, I might take that trade in all my accounts and if it loses, take that trade, take the second trade

    In all the accounts again. And yeah, would I be risking a lot? Yeah, because if I lose twice, all my accounts are probably going to be down 700 bucks. But on the flip side, if I hit both both ones could be up $900. But what I might do is um take the first one and if it hits, I might not take the second one. Or I’ll set up two charts and I’ll take the first one and I’ll watch my P&L. And

    If my P&L hits and we’re green, then I’ll take the second one. So, I’ll only take the second one. No, I don’t know. I might just take I might take them both. I might take them both because if I lose, that’s why I split it up to be honest with you. I split it up because sometimes these will win and these lose or these lose and these win and sometimes they all win. But at least I kind of split the risk

    Up in the account. So at least on working payouts. Um but yeah, I don’t know what I’m going to do. I got the weekend to think about it. But the fact that it just lost, the fact that it just lost is interesting because the odds of it hitting on Monday are super high. And if it loses on Monday, then on Tuesday, I will definitely do all my accounts. Um or I might just run it like normal. Do do these and that

    And then these and the other one. Um I don’t know. We’re going to see. I’ll think about it. But I got some options and um but other than that uh you know I passed this is a funded account. I passed a fund another funded one. It’s not in here. They took it out already. But netn net I had I had a pretty good day. Other than that, I will see you in the Discord or I’ll see you on the live

  • Take Profit Trader Flash Sale 40% OFF, No Activation Fee, Get Your Eval Money Back – Code COVETRADER

    ✅ 40% Off Take Profit Trader Coupon Code COVETRADER

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s up, guys? I had to make this quick video. This is a flash sale. This is the Black Friday sale. Take profit trader coupon code gets you 40% off, no activation fee, but now you also get your uh initial money initial refunded with a payout. So, basically, if you pass, there’s no activation fee. You go to the funded account. Once you’re funded, you hit the profit goal. You take the money out. They send you your Eval money back. This is literally

    The best deal that’s out there. Um, yeah, this is it. I want to make sure you in on it. I don’t know how long they’re running this. So, uh, yeah, this is it. I don’t know how long they’re running it. Flash sale. It might be to the end of the day. I just want to make sure you get this. Uh yeah, this was the Black Friday deal. This is the best deal that Take Profit Trader uh I’ve ever seen offered with

    No activation fee. You basically get a free account. It’s so crazy. You can get a free TakeProfit Trader account. You take the account to a payout. It didn’t cost you any money because they send you all your money back. Don’t miss out on this coupon code Cove Trader.

  • How I Made Huge Trades Live Today! Take Profit Trader, Tradeify, Apex Trader Funding

    👉 Link For Everything https://linktr.ee/covetrader

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, uh, another monster day. Uh, before I jump into it, we stream live twice a day. Once in the morning, once around 2:00. Uh, be sure to jump on the stream. Massive trades. You don’t want to miss out. Uh, also, if you’re looking for exclusive deals, be sure to use coupon code Cove Trader. It will automatically give you the best deals at all the prop firms. Um, also there’s a ton of links in the description of this

    Video for all types of free stuff. You got the free uh futures course, free Discord, uh free links to all the discounts and a bunch of other things all in the description of this video. Um, but yeah, we’ll just jump into some of the money and I’ll show you some of the trades we took and why we took them. So, obviously you can see uh we did pretty well today. Pretty well today. Um, definitely stack gains here. We stack gains. I

    I played earnings. I played FOMC and earnings with this account. I really wasn’t trading it. It was more of a uh this was a yolo account. So, the yolo didn’t go right. It is what it is. I didn’t trade my funded futures today. Um, and then I traded these as well. Uh, I passed this account and then I got paid uh cash account, two funded accounts, uh, some eval. All right. And then I’ll go over some of the stuff today. So,

    Basically the move of today was we bounced off this pivot. Um, what was nice is kind of had something like this going on. Um, we got a fair value gap inversion right here and I took it. I actually sold on this big candle. Um, I sold out. Uh, yeah. I mean, that was probably the best move of the day was uh was buying in over here and selling out. Um, other than that, you know, this was the runup into close and

    Then obviously we had earnings, which is all of this. Uh, it was a weird day. You had FOMC meeting, Jerome talking. There’s a lot of stuff going on. So, it was definitely, uh, it was definitely hard to play. Uh, the rest of the day just kind of shopped around for the majority of it. Uh, and that’s pretty much it. Then we ran up and they dumped it during uh Jerome’s speech and then they ripped it back up. I actually called on

    The stream as soon as he’s off they’re going to bounce it and I think he got off somewhere around here and then they bounced it. Um that I don’t know why it happens a lot where he dumps and then comes back. But that was pretty much it. So if you have any questions, comments, come on the stream. Uh and I’ll see you tomorrow.

  • Is This The End Of Apex Trader Funding?

    ✅ Apex Trader Funding Coupon Code COVETRADER

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, before I get into this video, we stream live every day, once at 10:30, again at 2 PM. Be sure to smash the like button below. Uh, subscribe and if you’re looking to get an Apex Trader funding account, you want to save 90% off, use coupon code. Also in the description of this video is a link to our free Discord, free futures uh course, and a lot more uh free goodies in the description. So, is this the

    End of Apex’s 90% off or are they going to extend it? Um yeah. So, they obviously extend sales all the time, but this is your reminder that Apex 90% off ends tonight. If you’re looking to buy an Apex account later on this week or even next week, don’t buy it tonight because the cost difference between today and tomorrow is actually it’s you’ll save 50%. The difference between 80% off and 90% off is 50%. 90% off 50ks are $18.70. Uh at 80%

    It is like $37. So, be sure to click below coupon code Cove Trader. Save yourself 90% off. Um, yeah. I mean, as you know, you can you can trade up to 90 accounts. Uh, up to 20 accounts. Also, tomorrow we have the FOMC rate decision. You have massive earnings at the uh after hours. You also have GDP numbers pre-market. a lot of times to pass these accounts, but the deal ends today. So, if you’re looking to trade any of that stuff

    Tomorrow, uh you can news trade with uh with Apex. So, these are the accounts that you want to use. They’re cheap and that’s what it is. So, just throwing it out there. 90% off ends tonight. Hopefully, they extend it, but they might end it tonight. Who knows? This might be the end of the sale. This may not be the end of the sale, but you want to get in if it is the end. So, that’s pretty much it. If you got

    Any questions, comment on the video or I’ll see you on the live stream tomorrow.

  • After This I Need To Start Fresh In August – Take profit Trader, Apex My Funded Futures

    ✅ LINK FOR ALL DISCOUNTS https://linktr.ee/covetrader

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, I told you from the beginning, I’m going to share the good and the bad uh with you guys. So, I’ve said this before, this month has been pretty rough. Um yeah, so before I get into it, we stream live every single day. You can watch me trade live here on YouTube. Also, in the description of this video is a link to our free Discord, just a quick hangout with everybody. Uh, and also if you want to

    Support the channel, use coupon code covert trader. That will automatically give you the best deals everywhere. I mean everywhere. Take profit trader, funded ticks, trade day, my funded futures, Apex, you name it. Um, so yeah. So obviously today did not start off well. Actually, it started off worse than you think it did. Um, I accidentally hit the button on my uh, so I have a trade I like to do in the opening um, opening trade. I accidentally hit the button at

    Like 925 and I was literally down uh, $200 in a bunch of uh, funded accounts because I accidentally went in, it went against me real quick and I just got out because it was an error. So, I actually started off bad and then I did the trade. There’s two trades. They both were bad. I don’t even know the last time they both didn’t hit, but they both did not hit. So, that was not good. And then, um, these accounts were all

    Down like $7, $800. I got them back to uh only down 300 to end the day. I got some other accounts up, which obviously is nice. I passed an account. Um, I just took a freaking bath, you know. I definitely took a hit other places. It’s just it is what it is, guys. I mean, it it hasn’t been that great of a month. Um, you know, I and I finished here up 300 bucks. You know, I’m just going to be honest.

    You know, I think I got three payouts all month. Um, they probably have just about covered my costs. I haven’t really bought accounts in the last week and a half. You know, the only accounts I’ve really gotten are these $16 accounts. So, I haven’t really spent a lot, but I haven’t really gotten gotten over the over the hump. I think um I don’t know. I think I took 2,1200. Maybe I took about $3,200 worth of payouts this month. maybe 3500. I

    Don’t know somewhere. I I don’t really add them up. I just know off top my head I took Fidas max payout and I took my funded futures one or two payouts. So I think I got three payouts all month. Um which is not typical, but sometimes you go through through this. Um, I did a lot of testing this month and uh I lost some accounts that way and damaged a lot of accounts that way. So, I’m done testing as you can

    See. Uh, just didn’t really wasn’t really for me. Um, and then when I look at today, there really wasn’t a lot today. I think the best trade of the day was right here and it was literally for 20 points. Uh but yeah, today kind of was not a good uh trading day in regards to price action. Now you got big earnings coming up Wednesday plus FOMC uh great decision on Wednesday. So you got a lot of stuff coming up this week.

    Hopefully we move around tomorrow. I’m I’m really looking to uh stack up some PA accounts. I haven’t really, you know, I haven’t really done much damage because the market hasn’t really moved around that much. So, um, you know, I’m just looking for things to turn around here and and be able to capitalize on it. So, we’ll see what happens tomorrow. Uh any questions, comment on the video and uh I’ll see you on the live

  • 15 Minute Orb Strategy Your Furu Says To Use But Don’t! – Trading Strategies

    Backtesting a trading strategy is essential, and this video demonstrates how to backtest using FX Replay. Learn to trade the orb trading strategy with a focus on price action. Check out my live trading each day to see these strategies in action.

    Transcript

    Auto-generated from the video audio — expect imperfect punctuation.

    What’s going on, guys? So, I’m going to do a 15minute orb back test. Basically, what I’m going to do, there’s a lot of different ways to play this. I am using FX Replay, and this is going to be the break. Once a one minute candle closes above the uh the orb, so basically gets rid of any wicks. I will take the long above that candle and my stop would be back inside the orb. I’m going to see how much I can

    Get. I think I’m going to My initial test is obviously the stop is going to be inside the orb. Um and my take profit is probably going to be 15 points. Um I might go through the back test and see how many times it hits and then maybe see what I can get. If you want to see me do this live, uh, subscribe and watch me trade live every day free on YouTube. Uh, if you’re trading prop firms, if you want

    To support the channel, use coupon code trader. So, basically, it’s going to look like this. Um, you know, that would have wicked me in and out because the orb is right up here. So, I would have lost if you just grabbed a wick. I’m just going to show you what one looks like. So basically that did not close above. So now this closed above, right? So now I am going to grab a long position and I’ll just set it literally right

    There. Um this is for I’m going to bring this to the bottom. So this is where the orb actually is. The orb is a stop is eight. I want to say if it’s like eight points, I’m just going to move it to 10. And then I’m trying to get 15 points. Like I said, you do place order and let’s see what happens. We’re in. We’re in. And it almost hit our TP. Let’s see what happens. All right. First one worked. So,

    I’m going to do this back test. I’m not going to make you watch the rest of this. So, let me run the back test for about a month, uh, maybe more, and I will update you the results right here. What’s going on, guys? So, all right. I just did the back test, and I’m I’m into it, but I’m not as far as I normally back test by any means. But I could tell right away this orb strategy sucks. So, if your

    Uh if your furu is telling you to play the break of the orb, uh this is what it this is what neted out. I mean, you you saw my back test. You could see everything on the screen that um I was doing. Um so, this is it. If I if you started in uh the 23rd of June all the way into July, you are basically break even. So, you’ve wasted I don’t know two weeks of trading. You’re break even. The win

    Rate is 40%. Um the R to R is 1.5. Uh it actually went negative at one point. This is playing one mini by the way. Uh it’s just a crap trade. Um you can see the buy side is 50% winners. The sell side is 20 25% winners. Uh, it’s just not I’m I’m when I have other strategies, by the time I’m two weeks in, we’re up money and the win rate is over 40% already. Like, I want to listen, I don’t

    I normally don’t stop after 10 days or whatever, but I can’t have a 40% win rate after 10 days. I know it’s small and you somebody’s like it’s it’s actually it’s just you know I’ve most all my back tests on trades that I take I’m over 60% already so I’m usually in the 60s and I’m looking for at least you know one and a half R to R this being 40% and I’ll be honest with you the more I’ve noticed is

    We come down and like say on the sell side like this, we’ll sweep down and then it comes all the way back up. I almost I’m going to test the other way where where you have the orb right here, you know, say the orb’s right here and every time you close below with the one minute, you then set a buy for inside the orb and this would have triggered. Let’s see what happens. Yeah, you would have gotten you would have gotten

    Paid here. Uh, basically you would have gotten triggered at 9002 and it went up to 917. That seems to be the better play is to play the ranges of the orb because a lot of times I’m noticing is it’s closing and then it’s coming back the other way. Um, yeah, especially to the downside. I’ve noticed more to the downside, you’re sweeping the the downside of the orb and then you’re just coming back up to the upside. And you know, obviously as

    I’m doing it, uh, you know, you would have gotten paid. I just showed you you would have gotten paid, but I’ll just show you like another another example. You know, the orb is made Let’s see what happens. All right. So, you basically close below. So, what I would want to do is I would almost want to say, okay, if we go I’d probably offset it. So, say it’s 889, I’d probably go up like three points. This is a back test that

    I want to do next is something like this. No, that wouldn’t have even hit. Not that it has to hit every time, but I’m just curious. See, it’s just wild how it does eventually come back up. Um, I don’t know. I’m going to play around with some of the orbs I have. So, each market is different. We’re in a different type of market now. So, I don’t know. I’m going to play around with this. Um, but at least it’s a a

    Back test to show you what not to do. So, if you were trading the breaks, don’t trade them. All right. Do you have any questions?