✅ 50% Off Take Profit Trader Coupon Code COVETRADER
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so uh I’ve been asked a couple times about takeprofit trader and the how takeprofit Trader now has no daily loss limit um I’m going to get into all that if you want to get a take profit Trader account you can click on the link in the description be sure to use coupon code Cove Trader it will automatically give you the biggest discount that takeprofit Trader offers um right now the deal is 50% off for life of the
Account and they like I said before the deli loss limits are now gone um somebody asked me to explain that so basically uh here is my takeprofit Trader account I’m also going to get into why I like takeprofit Trader um first of all they used to have a daily loss limit so you couldn’t lose more than $1,100 a day that was the big thing but now you just have the account draw down which is $22,000 which is trailing on a funded
Account which is see how it says takeprofit uh Pro this is a funded Pro account and then I have this one uh that is a 25k account uh the draw down is uh 1,500 so and I have to get get to 26500 to turn this into a pro account so why I like these um basically once I break over 52,000 this trailing draw down stops so now I can keep going up and I don’t have to worry about a trailing draw
Down also I can get daily payouts uh there’s really no other prop firms that are offering daily payouts currently so the fact that take profit Trader is offering daily payouts uh I really want this cuz you know I make 230 today I want to pull that out I can pull it out um I just have to get over $52,000 which is the buffer I’ve had this account for three days and we’ve just been moving on up uh hopefully tomorrow I pass
This one and give me another one I think I’m going to get another couple of accounts as well uh I also have a couple that I bought with the no the uh no activation fee so I might reset those I got to look back in my account and see what I want to do but uh yeah so basically they have a $2,000 draw down on the funded accounts until you hit 52,000 and then the daily payouts that’s kind of why we
Go there there’s no consistency rules so say tomorrow I make $5,000 in takeprofit Trader I can just pull that money out and there’s no no issues um I just got to leave the buffer in there and just to go back to uh to this um see daily loss limit it used to be $1,100 that’s removed and uh the evals are end to day trailing the funded accounts are trailing until you hit the uh 52,000 marker I like the 150s and the
50ks a lot of people ask me account size those are my normal two but I I bought a 25k um I don’t know why I got one but I got one and like always it syncs with all of these and uh basically the profit splits 8020 and then after you plot $5,000 you can go live to 9010 and you could have up to five of those accounts um yeah they pay same day quick payouts and uh that’s pretty much it um
I know a couple people have asked me about it recently on the live stream and I just wanted to dive in there so I can show them this video about the pros the cons why I like takeprofit Trader and um that’s pretty much it so if you’re looking to get an account use coupon code Cove Trader save yourself some money and come on the live stream if you have any questions
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so yeah today was another good day uh before I get into that we trade live every day here on YouTube 10:30 till noon 2:00 p.m. till about 4:30 uh come on ask questions whatever you want come on the live stream come hang out um if you like this video smash the like button and uh if you want to save money on your prop firms use coupon code Cove Trader it will automatically give you the biggest discounts at
Takeprofit Trader my funded Futures tradify and Apex so let’s jump into this I mean if you missed out today it was another great day on the stream um as you can see all the accounts are pretty much green this account we are uh forward testing uh a script so I’m not actually trading that I’m literally only following the script but uh yeah all the trades are looking positive we’re getting close to more payouts um takeprofit Trader funded accounts up almost 400
Bucks we’re about to uh pass another one and uh just keep building that just keep building that’s the pro about to pass this one too so about to get two more take-profit Trader funded accounts um the one that’s a pro account is working itself up the goal is to get this one over 52,000 and then just basically take daily payouts so uh yeah we’re doing pretty good there I uh this one was down a bunch and I passed live on the
Stream uh yeah at the very end of the day I got it green we did three so it was 175 each and got it green um yeah so tradify didn’t really go anywhere today it was down most of the day these takeprofit Trader accounts are all up basically all of my uh Apex accounts are all up and uh yeah we’re just going for more payouts we’ve already gotten three payouts this year um and we’re just going for more I mean we
Are I’m 4 70 bucks away from a payout here here like 520 bucks away from another payout here and then we just keep moving all these up and eventually we’ll just take uh take all these payouts that’s what it’s about slow steady $150 $300 a day in each account and uh and that’s it I think I somebody asked me uh what we were up to in the funded accounts that I was trading I think it was like 20 about 2,00 ,000
A little over 2,000 bucks we made um I was very cautious today it was Trump’s first day that he’s fully in office so uh you know they’re signing a lot of executive orders they’re doing all types of stuff so I was definitely very cautious today about a lot of different things and then I knew we had Netflix earnings at the end of the day I was going to play Netflix earnings but I didn’t realize that at at the Bell they were
Releasing I thought it was going to be like four 5 so I couldn’t really get an uh an order in but uh that’s what this big pop was they crushed earnings um which is the start of I guess Tech earnings so it’s going to be uh it’s going to be real interesting but so far we’re starting off really good um I would assume we’re going to open up up tomorrow just because of Netflix um I know they have the conference call
Happening so I’m curious what’s what’s said on that I’m going to read The Cliff Notes tonight um but yeah we’ll be back at it tomorrow and just uh keep doing what we’re doing I mean every day we seem to be uh winning and uh that’s what it’s about so if you have any questions comment on the video and uh if not I will see you tomorrow at 10:30 in the morning
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so I want to bring you the best prop firms of 2025 the reason I’m making this video is every day I have new people on our live stream and they always ask what prop firm I recommend so might as well make a video about it uh before I get into that we stream every day 10:30 until noon and then again 2:00 p.m. until 4:30 uh also if you’re looking to get a discount at any of these prop
Firms for the very best discount use coupon code Cove Trader that is along with the links to everything in the description of this video and let’s get on with it so I have two top top prop firms and then I’m going to dig into everything right now so number one I love takeprofit Trader takeprofit Trader right now is 50% off coupon code Co Trader right here they recently got rid of the deli loss limits love it you could have up to
Five Pro accounts which are funded accounts uh super easy you could trade basically there’s no rules the Only Rule there is is you can’t trade one minute or uh before or after news um you know you could trade up to six uh Minis on a 50k account I recommend either the 50 or the 150 account uh I have dabbled with the the 25 um just I like the 50s and 150s it works with everybody uh the split is 8020 after you
Make about $55,000 you can go to 9010 and what’s great is they pay you can get daily payouts which none of these other firms offer and uh you could trade any strategy you want Micro Scalp anything this is like a free-for-all you could trade any way you want daily payouts takeprofit Trader is probably the number one overall prop firm then I bring you to my funded Futures I think they’re the easiest to get a payout from first of all you only
Need 5 days of $100 or more and you can take a payout so you don’t have to hit a certain profit Target or anything like that it’s uh it’s super super easy um you know 5 days $100 more you can withdraw the issue is once you withdraw your account can’t go under 50,100 so depending on how much you make there could be very little buffer left if any but you would have gotten paid um rules are pretty simple obviously you can’t
Do uh a ton of micro scalping they want you to hold for longer than 15 seconds uh but super easy after you make uh I believe 8,000 you can go live they have the starter uh daily loss limits 12200 I mostly do the starters I have done uh the starter pluses and I’ll get into that right now so basically the starters you have a scaling rule uh you know there’s no consistency rule on the eval um there is a consistency rule
It’s 40% on the funded account when you go to uh starter plus which is this one it’s a little bit more money it’s about $30 more but there’s no consistency rule which basically means you can make a ton of money day one pull it all out um you know profit targets the same uh trailing Mach Max draw down there’s no daily loss limit there is a daily loss limit of $1,200 in the starter so for a couple more bucks the starter
Plus is obviously uh a really good deal and then you have straight to funded accounts which is the Milestone account basically you go right to funded you hit the profit Target and you start withdrawing money uh my funded Futures pays really quick I got paid in 30 seconds I took a payout this year already with them I got paid in like 30 seconds uh amazing responsive company um yeah it’s just really really good and then I go to tradify this is
The only straight to funded account that I typically use um you know the price is expensive obviously because it’s straight to funded I don’t use their evals to be honest with you because there’s an activation fee um and it just kind of does not uh you know I don’t really know I’ve never really dabbled in it I’ve see they changed a couple things um act so what happened was the activation fee is 125 and for the longest time take profit Trader
Was running zero activation fee also my funded Futures has a zero activation fee so you know no activation fee means you save this $125 but they’re straight to funded plans I’ve used I have a 100K right now typically I do use uh the 50s um with them and I think I have uh I think I’ve used the 25s before but uh you know straight to funded is nice you kind of skip the uh the eval process you go straight to funded
They pay out super quick some of the issues obviously is they have a payout window um which is not great and the consistency rule is 20% while the other firms when you have a funded account are 40% so if you have a big day you kind of got to stop by the other one you can let your trade kind of go and then the last company is Apex unless they’re running 80% off or 90% off I would recommend not getting an
Account with them I use them because it’s the most inexpensive uh prop firm that will pay you has paid me a lot and uh the rules have changed a little bit to make it hotter for the bigger payouts um but overall they have a little bit more rules they have pending period um there’s things that are not so great about it but the price that makes uh them makes me want to trade with them so that’s why I use Apex um
But that’s why I don’t trade with just one prop firm I have Apex accounts for that I slowly build this because the consistency rule is low I kind of make one or two trades a day and I kind of grow this for a payout and then you know these I can kind of hit for whatever I want and uh there’s no issues I could take out if I made $10,000 in a day with take profit Trader I can pull this money
Out um you know there’s no consistency rule in the funded account and my funded Futures zero activation fee and you get a little bit of everything straight to funded uh eval but if I were to rank them I would say take profit Trader was 1 a my funded Futures was 1B take uh tradify is number two and Apex is number three um but I kind of use them in different ways on how I trade and it really just works out uh
For me you know so those are the prop firms those are the best prop firms in my mind for this year and if new ones come up I’ll be sure to let you know about them
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so I found uh great trade setup uh solid trade I back tested as far as trading view allowed me to go I also um I’m going to go over the rules of the trade and everything before I get into that uh we stream live here on YouTube uh 10:30 to noon again 2:00 p.m. till about 4:30 uh I forward test these all these strategies live on the stream if you like this video smash the like button subscribe
So you’re notified when I go live and if you want to support the channel it won’t cost you anything use coupon code Cove Trader when uh grabbing your prop firm accounts it will automatically give you the biggest discount at uh take profit Trader bullx tradify my funded Futures Apex um all right so let’s jump into this so obviously there’s rules to the trade basically the setup is just a clean 15-minute orb we’ve tested um we tested the other side of this
Trade which is the sweep below and then come back in and that was highly successful as you could see that trade paid off right here um that trade paid off right here so we were talking and somebody brought up the other way so I was like you know what let’s see what happens you know I’m always looking for the sweeps does it sweep and if it sweeps what can we get how many points um so basically you would have a 10
Point stoploss and I’ve calculated out uh if you would get four points 10 points 15 points and then more than 15 points um I also didn’t use trades like this so I just want to take so for argument sake if the bottom of this candle is basically at you know the orb right here if you zoom in is probably like you know 4922 five so four points you technically would have gotten Four Points so obviously this is a winning trade but
It’s like so close that somebody can easily just put it down a little bit and lose so to try to be fair and sway it to the worst case scenario I did not count trades like that so basically I just back test Ed and what I came out with is if the 15-minute orb you basically set your buy literally like right right above it to break and right below it like right there for a a drop uh I was only only
Able to get about eight trades to the upside oh no sorry I got 10 trades to the upside two were losers so it’s 80% win rate seven of them would have gotten you 10 points so basically if you would have just done 10 points to the upside 10 points to the downside you would have gotten stopped out three times [Music] um and seven times you would have gotten it you would have been plus 40 points which is a profitable trade uh
If you just did eight if you just did four points eight times you would have hit two times you would have lost and then if you held for 15 points to the upside six times you would have gotten 15 four times you would have then gotten uh stopped out to the downside was interesting the downside there was 12 times one was a loser so you would have made a lot more money to the downside I back tested this before um and
I want to say the win rate was in the 80% range on both um I probably back tested this a couple times I was looking for my old sheets and I had about 30 something trades on each side um I was back testing it day after day after day and um just recording it and the win rate was something in like the 80% range you know 84 or 85% range um you know to grab uh four points and I want to
Say it was in like the 70 high 70s for 10 uh you know I think this is a great trade um the only thing that you I worries me obviously is there’s certain things you you should look out for and I noticed when I was back testing so argument sake like something like this you’re basically at 21,500 so obviously there’s going to be support in this range so will this trade work out I it’s rough you know there’s a lot of
Things like that where you just kind of got to use your common sense the losers that I saw were very uh were a lot of common sense you know that was the biggest thing like this one was an iffy one I didn’t I didn’t quote unquote what is it 405 you know you would have taken a loss year but like you know am I going to start shorting at 405 probably not you know uh whole number it’s just something that I
Probably wouldn’t have done you know you had a higher high I I don’t know probably not my trade so like some of those losses that you see the rate would actually be higher if you just grab some context to the trade um you know that was a winner and then we never went below the uh the other 15 just to show you what some of them look like you know this was a winner you know once again though look we get
Around the whole numbers you know 20,000 you just just got to know that a bounce is probably going to come come your way but uh you know it it was pretty it was pretty good you know is it the best trade I’ve taken no um it definitely works to the upside um we obviously tested this trade which is the comeback trade uh you know another thing I didn’t really love is you know when you make a low right here and the
Candle basically closes at the bottom you know that’s freaking iffy I want to see some movement into it see I’m just trying to find another example here I mean this thing just went freaking like if it would have closed right here it would have been iffy but because you bounced a little bit and then dropped is more what I’m looking for you know that was another winner you know ton of winners ton of ton of winners and net net it’s definitely
A profitable trade here’s where you get a loser so basically you travel from one orb all the way to the other orb and then you travel basically from this top orb all the way down I’m not sure I’m taking this trade first of all you’re going it seems like you’re going touch to touch also you literally just traveled down 90 points in two minutes in 2 minutes you travel down 90 points like I Mark I mark this as a loser on
The sheet but you know you this is why I’m saying you have to have some type of context of the trade like if it just moved 90 points and it looks like you’re just going orb to orb I’m not taking this this actually qualif ifies for the other trade The Sweep of the lad The Sweep of the orb and then you trade back through that’s what this but like I said it does work out you just have to look you know
So this isn’t a cut and dry type trade but this is definitely a winning trade if you just have some context to the trading environment slightly not even high knowledge just you know know hey the trend is down you know you’re able to scout this right through 23 boom I mean you could e easily get 10 points but look the context to it that the the trend you know you’re not getting any bounces you know we’re not bouncing all the way
Back up it’s just dying off um this was an actual take long you know you started you Trend Trend Trend Trend uh 27 and uh you would have gotten this what I like about this trade just for context is we’re trending up you make the high and then you give it a dip and then we go back up I liked that but so this is definitely another winning um back test strategy it’s just one of those things that requires slight context
On where you’re trading it and what’s going on all right if you want to see me trade this Live come on the live stream and uh I’m going to implement this
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so I have a trading view indicator with something like 99% win rate I don’t understand how it works but we’re going to explain it before I get into that we stream here every day 10:30 till noon 2:00 p.m. till about 4:30 if you like these videos smash the like button subscribe if you got questions comment on the video come on the live stream uh if you want to support the channel use coupon code Cove Trader when uh
Getting any prop firms it will automatically give you the biggest discounts at takeprofit Trader my funded Futures tradify Apex and uh a lot of other ones so let’s jump into this um somebody sent me a uh a message on Discord uh and gave me the settings and I ran it and it it was like ridiculous I I don’t I don’t understand so let’s go through all the settings and this is pretty much it it’s UT bot alerts and I changed the
ATR to one and then you you turn on these uh linear regression candles which it basically Smooths it out and these are the settings for that what you’re going to have to do is you’re going to have to click on this settings and you have to turn these candles off otherwise see how you get overlapping candles so you’ll have to turn that off and um this is pretty much it it’s on the F minute chart and I was just back testing
It and I was like I don’t it even when it doesn’t work you still get 10 points so yesterday was kind of choppy so what I was told was you had to wait till you got a sell signal and that it closed under the line Buy Signal that it closed above the line pretty simple um and then you’re if you’re in a Cell you close it on the first green candle if you’re in a buy you close it on the first
Red candle and that was it super simple instructions um by the way if you have any indicators you want me to back test you can message me in Discord put it in the main Discord uh send it to me on the live stream but uh yeah I mean like winner one 2 3 4 five remember I only trade I don’t trade after hours and typ Ty Al I don’t trade the first like five or 10 minutes of the market but this
Would have been 1 2 3 4 five for five you would have [Music] gotten 100 points this is like a delayed buy but even at that 603 you would have gotten 10 points 608 you would have gotten 25 points and then here you would have gotten six about 25 points and then here you would have just you know Tor it up for I don’t know 70 points so that’s one two three four five I mean I’m not going to go through
All of them because I already did but just to show you six seven eight nine 10 winners in a row 11 12 this would have been the only ify w that I saw and you would have basically you’re waiting it’s not really a loss cuz the rules state if you have to get a sell but you got a close underneath the uh the line and that did not do it so that’s not even a loss what was it what did I
Say 12 13 14 I mean that’s 14 in a row let’s see what else we got 14 in a row 15 that’s a h i don’t know if I would have taken that that’s not after hours I don’t know it would have been iffy 16 17 so that’s 17 in a row 18 even know that’s a small that’s 19 so here’s some chop so I mean you don’t really enter this it’s not really a close 19 that’s a small one 20
21 22 22 in a row I don’t know 23 I I it it’s almost like it’s crazy so I don’t know this might be this is something I’m going to be testing out um I find it to be crazy uh it’s it’s pretty accurate it’s pretty pretty accurate so I’m going to be testing this out uh let me know what your thoughts are but this is something I’ll be forward testing live on the stream and um yeah this is sounds pretty
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so another solid week uh comes to an end before I even get into it um we stream every day 10:30 to noon we stream again at 2: PM until 4:30 uh if you like the video smash the like button subscribe also if you want to support the channel use coupon code Cove Trader when uh getting any prop firm accounts Plus it’ll automatically give you the biggest discounts works at takeprofit Trader Apex bullx tradify my funded Futures and
Many others so uh yeah I’m going to jump into it um basically we tested out two of the trades that I’ve been talking about one was the opening range trade which I used in this account right here we made 307 bucks I will show you the opening range trade right now it was literally right here and we caught it short right there boom got our points and we got out and got 300 we got a little I got I think we
Got like 283 cuz then I accidentally traded I scalped something in here for a couple bucks later on the day but uh it only went one time the other side didn’t get activated so we were one for one I’m going to be using this account only for the opening range trade so it’s that’s what we’ll do this account up 584 is forward testing our our script right here that I did the video on so I’ve been following this we also have
Rules the 10-point pullback um the 10-point pullback rule 10 point uh take profit rule um if you want me to go over all that I I can go over it all on the live stream ask questions and I I can do it uh I can just show you when I show you my screen live but yeah we’re looking for when it activates for a 10-point pullback and then um yeah and then make 10 points take half off and you can trade
The other half or you can hold um but yeah I have set rules for this we’re up $584 today and that was good the rest I traded pretty much up oh they already took this away I was up $390 in this account uh tradify hit me with a rebill I didn’t even see it coming but uh I made $725 on day one I think I got to get to I got to get to 106,000 I think I don’t actually know the
Number I got to look um but a good first day $725 is a good first day also we got the pro account now I made one trade in there that was it I got the pro account towards the end of the day made one trade in there and then uh I ended up getting another 50K account started this off good and um yeah just crazy crazy so I’m going to be back testing some more stuff over the weekend uh our trades
For the 15minute sweep played out well right here right here and then again when we came back up through uh I back tested the sweep on the first time the first time you sweep below the 15 and then trade back through uh you can get I think it was like 10 15 points the major I think it was like 85% of the time um but yeah a lot of our trades are hitting so if you’re watching those back test videos you’re
Seeing the trades that are making me profitable um and I’m back testing them and showing you everything and then showing you um all the stats at the end of the video so if you want if you don’t want to see the whole video just fast forward to the end and you can get all the stats um and everything on my back tests but I am going to be doing them over the weekend and um yeah so be on the lookout um
Monday trading day ends at 1 so we’re going to we’re going to stream 10:30 till about 1 um so it won’t be two streams it’ll just be one stream from 10:30 to 1 and uh and then the market reopens at 6:00 p.m. on Monday uh Trump goes into office on Monday uh I feel like it’s going to be a straightup um type of day probably just Trend also this is what we’re looking like on the year in options land if you’re
Following along there and that’s pretty much it so I hope uh hope you guys are making money um if you’re not come jump in the chat and uh let’s talk about it all right enjoy the weekend
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so I found a indicator that kind of looks like a tari so it caught my interest I’m going to back test it I’m going to do this video a little bit different um I’m not you’re not going to watch me go back and back test it I’m just going to kind of give you the results but before I get into everything we stream live every day 10:30 till noon 2:00 p.m. to 4:30 if you like these types
Of videos smash the like button if you’re not already hit the Subscribe button hit the little bell so you’re notified when I go live and if you want to support the stream it costs you nothing please use coupon code Cove Trader at all the prop firms takeprofit Trader Apex my funded Futures tradify and all the other ones if you have any comments uh comment on the video come on the live stream and ask go in the Discord it’s free and um
Hopefully I see you on the live stream but uh let’s get into this the goal of this is to find the very best indicators so we can keep making money every single day we’re 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 I’m going to dive into this like always I have my spreadsheet um I’m going to go through through uh as
Much as I can or until I hit about 50 or 80 trades and uh I’m going to keep track of everything and we’re going to see what happens so I’m on the one minute chart you saw the uh indicator I was using and uh I am going to give you the results and I’m going to talk about the results also like always the results I’m going to see if it dips after it sit hits a buy or a sell um also
On top of that I am G to see if it hits 10 points uh 20 points 30 points see how far the average uh gain is and that’s pretty much it and I’ll report all of uh all of it so I’m going to pause the video and get to work all right guys so I just back tested it I did 50 trades in 50 trades 43 of them were profitable um yeah 43 of them were profitable when you took a loss
It was anywhere between 10 points to 45 points uh when I say gains you would have gotten at least 10 points um I don’t know what causes obviously this is some type of trend script rpt but it has different entries than my other Trend script so I don’t exactly know what is causing it to trigger um but you could have a decent amount of draw down with this script um I just want to for example let me just go to some
Of these um this is after hours but it definitely catches the momentum but for argument sake like this like you sell here at 306 I mean this thing went against you almost 40 points and it doesn’t give a sell signal so it goes against you 40 points you still hold and then obviously it goes oh man you know 140 points down so yeah it’s correct um but man you’re not going to be using a lot of minis with this so it’s
Just one of those things like here here’s another one like you sell here at 85 you know yeah you get your 10 points and then it goes against you 20 points but then obviously you get the big push um down it’s like one of those things that you know here like it go you go with it but you can obviously get more um I don’t know what triggers the buy or sells because obviously it goes above the line um it’s not
Exactly clear but yeah so 86% win rate those losses were not terrible um they they just weren’t that bad shockingly it wasn’t that bad but uh it’s interesting script um I am going to keep it up on my on my thing uh I don’t know if I’m going to forward test this only because I’m forward testing some of the other ones and I’m not looking to just keep blowing accounts but uh I’m very interested in this what’s interesting is you don’t
Get chopped up so the script isn’t like Buy sell Buy sell buy like you know it’s sell until it’s a buy I don’t want um scripts that are like this Buy sale buy like you know I’m not looking for that and this one’s kind of smoother where it rides the trend obviously this is after hours so you can’t really use that as an example because there’s less volume but a lot of times um you know you’re kind of riding it you
Know you’re you’re definitely getting in late like you know this is saying for me to get in at uh 310 after it just dropped 12 points but then even that you still would have gotten another 50 points um so yeah I mean it’s one of those things that I think it’s a little delayed does it work yeah uh are you going to be down in the positions a good amount sometimes yeah uh but you know the data is the data I
Mean if it works out it works out you know if it works out 86% of the time you know like I just did it let me just see so I did uh 43 times you would have gotten at least 10 points and you would have lost you would have lost 181 but you would have made 430 points so you would be net net if you were just taking 10 points you’d be up and then if you waited for the 10-point pullback
Which you always get you’d be really up um so I think I’m going to play it the same way 10-point pullback um I’m not going to go live with this but it’s going to be on my chart and I will be paying attention to it um here’s the script right here it’s just at1 I’m not exactly uh sure what it is but uh yeah if you have any questions comments let me know
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
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
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so I’m going to give you some of my back testing results I’m going to give you how we’ve been forward testing um going to go into a whole bunch of things before I get into that we stream every day 10:30 till noon again 2:00 p.m. till about 4:30 um yeah things have been going really good also if you like the video smash the like subscribe hit the little bell so you’re no ified when I come on also
If you want to support the stream it won’t cost you anything use coupon code Cove Trader at all your prop firms and it will automatically give you the biggest discount and uh that’s what allows us to give away the free accounts all the time on the stream and if you’re not on the stream for that you should definitely get on the stream but uh all right let’s jump into this basically I waited too long so they have reset the accounts but
This account that I’m showing you we’re up $945 that is the back the account that we back tested doing um the the trend Target Trend so we’re two days in we’re about a th000 bucks up and just moving up towards a payout I also did the um the opening range trade we were one for one today uh we took like a $200 loss I will be using these two accounts again and that’s all I’m using these accounts for these two accounts
Are the opening range trade this account is um the trend Target trade and we’re just going to take them to a payout and that’s pretty much it I do it live on the stream so you guys see it uh but yeah I mean obviously things are going good you could see all the PA accounts and we’re mostly over 50,000 which is means we’re in the profit and then um yeah I I was just back testing some things I also have two
Two takeprofit Trader accounts are getting close to going over one of them is here I got $2,000 more dollars on that and this one I need 700 more and then I’ll have two funded accounts on takeprofit Trader um I’m definitely pushing forward with that because they got rid of the daily loss limit and I want to really expand with uh with that my funded Futures here’s my only funded account I think I could take a payout right now but I want
To build it up to a little bit more than $700 so I’m hoping to increase it a little bit tomorrow and we’ll see where that takes us but yeah so like I said we’ve been doing the trend the trend has been our friend it actually called out this short right here it called out this short and I ended up like an idiot I took it for like a small well that was the bounce I tried taking the bounce off the 200
But the I tried to take it down it didn’t uh I took a small gain and then sure enough we just dumped and I would have gotten massively paid out um it is what it is you know sometimes you win I just got to stick to the script and that’s it cuz we were right a bunch of times today um yeah just just didn’t stick to the script we had this this was nice called this break early on that was Prime
Bare flag we got that and then um yeah just a wild day look at look at today like we popped on the news like we literally sold all the way back down and then we came all the way back up and then literally took it way down and then just wild tomorrow CPI also at 8:30 in the morning if you want to play it I’m going to play it um but yeah I did the back test also to get into that
I back tested um so this is what I did the back test on it was TB VT chart Prime and I was just counting the targets and see if I could get 10 points off of each alert so I would get 10 points on the alert and then see if it got to Target I’ll be honest with you getting 10 points was like 62% so I’m not even going to go through and put out the back test video it just wasn’t
Good do I like the script it’s kind of cool but I have since I’ve took it off my you I didn’t really I wasn’t following it that much and then I took it off and I was like you know what let me back test it I did the back test it started off hot but when you lose you lose pretty good and I’m just kind of it it’s not it’s not what we want not what we’re looking for um it went
At one point it went 16 times with only being wrong twice which is great but then it was wrong three times in a row and then it was wrong like three out of 10 times so it just it wasn’t that good I’m not gonna go through it but uh yeah it’s just one of those you know it’s an okay script we’ll call it an okay script there’s better ones out there I’m going to be back testing another one tomorrow I ran
Out of time today because I got to go run out so that’s what I got for you little recap Little failed back test and uh update on uh how our other forward testing is going so I will see you on the stream tomorrow and uh be good
👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
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