✅COVETRADER Coupon Code On All Prop Firms
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys so another uh video we’re going to be back testing uh another well same indicator different time frame I think it presents a less of a draw down more likely to hit targets um we’re going to be testing a couple different things with it before I get in we stream every day 10:30 to noon 2: P.M to 4:30 uh if you like the video smash the like smash it also subscribe if you’re not um also if you’re watching
This today takeprofit Trader their deal runs out today you have till midnight 40% off no activation fee plus if you get a payout they’ll send you the activation money back so that’s takeprofit Trader use coupon code Cove Trader and if you just want to support the channel use coupon code Cove Trader at uh any prop firm Apex my funded Futures Trader five uh it will automatically give you the biggest discount but uh yeah so let’s dig into this we tested the
The one minute uh the 5 minute yesterday rules are we don’t take a trade till at least 940 so kind of gets the uh 930 Wick whack out and we also do not trade the last uh we don’t take take a new uh alert I guess probably the last 10 or 15 minutes of the market so we’re going to run it through and we’re going to see what happens here all right so let’s start this up FC should be decent let’s
See I might have to lower it all right not not that one doesn’t count next one works because this one was literally at 929 so I’m not I’m not taking that all right so I got to get the uh the old spreadsheet open so we hit see this draw down is a little bit more realistic it’s this draw down is only 20 points so that’s little bit more realistic my goal with this is can I get uh can I get 10
Points yes and then do we hit the the first thing yes so my goal is 10 20 points with five minutes and it was 10 points um with one minute because there’s going to be obviously more alerts so let’s just see if we lock it in at 10 points what happens all right let this play out oh baby so that actually hit that actually hit level two okay that’s interesting uh so this is 76 so this is a 30 point could
You get 10 points 75 uh I I’m pretty sure yeah you would have gotten a alert you would have got 10 points you would got your first level second level wow you got second level all right alerted 96 no 10 points 96 to no I just want to see you would have gotten your 10 points 10 points hit so we’re three for three well honestly we would have uh you’d be done already because you would have gotten 30 points at least
10 points 10 points 10 points and both times you hit the first take profit which is like 20 points so it’s interesting we’re going to keep this going though all right let’s hit the button Trend change you got your 10 points and your first level okay switches 25 10 points oh that was literally right there so this is when you got to think though for yourself like if you’re approaching 22,000 I don’t know maybe I take that I don’t know all
Well you got your 10 points already you’re in at 31 you got your 10 you got your first level second level 10 first level second level all right now you would have taken your first loss right let’s see what this loss looks like you would have gotten in at 66 and you would have gotten out at 84 so it’s actually an 18o loss minus 18 okay but look you got 10 20 30 40 40 50 60 points already minus 18 and
Then you got level two take profit a bunch which would have netted you even more points um I’m going to go over it at the end of the at the end though so but you definitely got your 10 points here and you got your you got your 10 got your level it’s flagging is he going to go up yeah broke the flag oh man this is the LA this is probably the last one all right you would have taken a loss
Actually this would have been 124 minus 18 this might be the last alert of the day wouldn’t have got your points actually you would have just got it cuz it would have been here 42 oh man you would have just you would have just freaking got it okay maybe I I don’t know what’s going to happen here it obviously looks like it’s going to roll over would I take this uh maybe it’s cuspy but I’ll add it on the thing I’m
Just saying you know it’s getting close to the end of the day well you would have definitely gotten definitely gotten your 10 got first level and we’re done we’re I mean we’re done so let’s just wait wait till uh let’s just wait and see let me see if I can speed this up to 10 I’ll pause this and we’ll wait all right I just sped it up we’re here next next alert is the one we take right off the bat definitely
Got 10 points see what happens here I don’t know what happened this day but we’re all over the place oh baby you would have gotten 10 levels one level two all right you would have definitely taken a loss here you would have gotten in at 309 that’s a 30o loss then you’re in you’re in right here you got obviously you get your 10 points right here you got level one okay now we’re in well you got your 10 points and you
Got level one oh got level two level three Just Ride This Out see what’s crazy is I mean like would you play this to the downside like you’re up at this point so much but obviously I’m going to keep it going but yeah I don’t know all right so you would have gotten caught you would have gotten caught at uh 28 22 points you would have lost 22 then you would have gotten obviously you would have gotten in you got your
10 points you got the first level then you got your down downside 10 points things look like you’re going to get get it your first level your second level first level second level now we’re damn there’s so many of these so much different when I was doing the five minute there wasn’t wow well you got your 10 points see as long as I get my 10 points I’m perfectly fine with it because at the end of the day I after I
Get 10 points um I’m moving up really I’m probably I’m targeting 10 points on something like this and then at the end uh I’m moving back up to break even so if we come back through I’m probably not getting that but I’m just seeing how many of these do hit Paul man that is probably just missed your 10 well well I just got 10 points then right there oh it just just missed it oh got it got 10 points got the
First one now we we’re back in is that 1087 oh just would have missed it oh we’re riding it yeah I was going to say it L look like a bare flag um 87 minus 30 this is the last oh You’ have got in at uh minus 18 then you’re done for the day so you would have gotten two you would have gotten your 10 points here and you would have gotten Next Level all right hold on one second all all
Right let’s let this rip 5x to the upside got you 10 points you got your level one you got your level two all right this is a loss you would have got in 91 21 points you would have gotten 10 of that back right there plus you got level one see like how I’d play this is like once I got 10 points I move my stop up on my other contracts like say I got five mic just say five micros or
10 micros five micros I would sell at 10 the other one I’d move the break even and then I’d put a cell up here so you would get you know on something like this five micros would give me a 100 bucks then the other five micros I would probably sell here and that’d be 200 so this would be a $300 trade I don’t think I’m going to play for longer than level one and we’ll go over that at the end well
Got 10 points got level one got level two got level three 10 points level one let’s see oh hold on would I have gotten you would have gotten in at 302 oh man that would have been man that’s 10 points exactly I don’t know if I’m going to count that as a win or a loss probably I’m just going to null that one out see 30250 39250 it’s 10 points on the dot I’m not giving it a win or a loss
Um that could have been a win or a loss Because by the time you hit the button when this activated this candle actually went up a little bit yeah I don’t know can’t count it can’t count it either way okay that’s a loss you would have got in at uh 14 minus 15 points let’s see is this 10 points 99 oh yeah okay would have got your would have got 10 points right back 985 yeah you would have gotten 10 points
10 points all right that man this is a choppy day oh baby is this a choppy day super chop well you would have gotten 10 points you would have definitely have gotten your 10 points 87 yeah you gotten your 10 points holy shnikes that had to be I don’t even know so you would have see this is an outlier to be honest with you obviously I’m going to have a stop loss in and I’m kind of going to if you notice
You kind of follow this anything below this line that’s kind of what changes it I would have some type of stop loss so something like this doesn’t happen like I’m never going to take a uh you know what did I get what you would have got in at 96 like there’s no way I’m taking a 70 point loss doing this like what I’m doing is I’m going to look at my average loss and that’s where like quote unquote uh my stop
Would be in every time so like I probably would have a stop in at 20 points below when I get in and if we move up I’ll move the stop up with it um and kind of adjust so something like this never happens because one that could skew the whole data and also it’s not realistic where I would take a l like that I would just take take a 20 point loss and then you would have got your 10 points right
Back a 10 out of 20 right back um but yeah I’m just being honest with you you know that’s like a good example of something that would happen oh jeez I mean you would have gotten I think there’s news here there’s news that went H went on I’m not even going to go through this I’m just going to skip to the next day I just kind of overshot it um I probably wouldn’t have traded these because they’re all in the first
Little bit um this is why I say I probably wouldn’t trade until I I probably would have taken this one so this one is a loss 60 what the what what was going on today oh is that possible these candles are massive we must have had something happen here and honestly I probably wouldn’t have traded because if you look I mean this thing is is going almost 100 points down in 2 minutes this is 100 points down in 2 minutes and
Then from the bottom is 83 and this triggers 80 points up like I’m not I probably wouldn’t trade any of that I I I don’t actually know I’m not I’m not looking for the news but I’d probably say like let’s settle this down a little bit so the candles become more normal you know like even this 32 that’s up 60 points like yeah it worked but I mean it worked again ah I’m going to let it rip here we’re out of
It 10 points I mean even when I said it wasn’t going to like I wouldn’t have taken it it still you know worked worked worked I mean that’s three for three I just probably wouldn’t have done it I probably would have just waited until we kind of settled down a little bit and you know and that’s just me being trying to take a back test and be realistic about it woo oh man 10 points level one level two I’m going to
Go over the data uh you would have gotten lost so that would have been 70 man this is going to be like an outlier day definitely an outlier day candles are monstrous today you would have gotten 10 points level one level two yeah I mean 449 38 so crazy I mean you got your 10 points right there man got my 10 points got level one got my 10 points got level one this is the last day I’m going to do and
We’re going to go over the data so that would have been 10 points and this one would have been 10 points and you would have gotten your uh I would probably be done trading here I mean we got 20 minutes left in the market I’m probably out all right so let’s go over the data here I’m going to calculate it up I’ll be right back all right so let’s talk results I because there’s so many alerts I only looked at four
Days which isn’t a very big back test but it was 45 alerts 34 of them worked for 10 points so right there if you were playing we’ll just keep it easy and we’ll say you were using five micros right five micros would have been uh $340 the losses would have been 280 right but if you buy 10 micros and when you hit 10 points you move your stop up to break even I did not see how many times we then came
Back under the 10 points to then go to level one but let’s just say it was half did that so for half we would have just went straight to level one level one’s up 20 points so you would have gotten we’ll just say 12 times it happened like I said in the video if you watch I wouldn’t have taken a 50 point loss I would probably cap my losses at like 20 or 30 or you know something like that I would
Never take a 50 I’d probably say 30 was my Max so this 50 actually wouldn’t have even happened I would have reduced this a little bit but either way um yeah 340 220 minus 280 so in the four days you’d be up 280 bucks if you followed everything and took that 50 50 point loss um and you were playing Five if you’re playing migros um it’s interesting we only hit Level we hit level two one two three four hold on one
Second we hit level two one two three four five six 7 8 nine 10 so actually we hit level two 10 times which would have given you even more G me I mean it’s definitely a profitable strategy it’s 280 bucks over four days and obviously that’s not including holding any to level two um and that’s with taking this massive loss you know if you don’t take this massive loss and you’re looking at 30 that’s a $300 $300 over the course of
The [Music] time um you would have to so being that we hit level two almost 25% of the time you got to keep some you got to keep some contracts for that cuz that’s where you get those massive massive gains because you know let me just find like a a a day let me just select this bar for whatever reason um you know level one could be another 15 points of games which could be 150 bucks so I would say you
Almost have to buy 50 micros you take five off at 10 you move the rest to break even and then you go to five and five and that would let you get the majority of the gains um actually you You’ even get more gains because what happens is as you move as this would go up for argument sake like let’s just follow this bar right oh you know what we’re in after hours that’s why it’s so choppy I’m going to select
Um let me select this bar and let me give you a this is a great example so argument sake if you’re in here if you’re in here right so you hit Level One first of all I would have taken some off at 10 points I would have moved up 10 micros here then I would have taken five off right here so now I’ve gotten 10 points plus that’s that’s actually 30 points but when I get stopped out which I would have
Gotten stopped out at 17 I would have still made money on some of those because the last five I had my stop loss was at 13 so you I would actually get another five points that’s something that you’re not thinking about also just because it flips down doesn’t mean I lost on the position just means that it’s over but it’s still higher than my entry so I would have made on all sets to those five contracts all right so I’m going
To let this ride next week I’m going to [Music] do I’m going to do 15 15 micros um you know what I’m actually do I’m going to do 20 micros is what I’m going to do and why I’m going to do that is I’m going to do 10 micros I’m going to let off at 10 points and then five at level one five at level two because net net I’m going to be positive on those 10 micros I was positive I
Was positive over the days it was just the big losses that you can’t you can’t take a 50o loss if I didn’t take a 50o loss I’d been up I’m just trying to do the math now because you got to keep the contracts for level one and level two because that’s what’s going to put you way into the green because that’s what’s going to give you you know like if you just yeah also I didn’t I didn’t take in account any
Of that though the when we were back testing I didn’t take into account any of the when we switch the gain that you would get already like here’s an example you would get in at 23 you get stopped out at 93 but you still got gain in there from contracts you’re still holding like watch we’re going to play I’m just going to play it you know this goes down you got your 10 points right there right now I got level one
Well this I would be all out but yeah I mean but watch just because you get stopped out doesn’t mean you’re out you know like this I’m in at 94 right I’m in at 94 this is a great example right here so I’m in at 94 right I would have gotten my 10 points and I would have gotten level one but now the other contracts I would have sold them at 708 that I got in at 93 I wasn’t even taking
Into account that gain in my system so this is actually super profitable super profitable
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