✅COVETRADER Coupon Code On All Prop Firms
Transcript
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What’s going on guys so uh I got a new thing going on I’m going to be B testing all different trading view scripts and strategies to find out which one is the very best which ones are pretty good which ones are crap uh I want to find the best trading view strategies out there um you know I I I’m G to use them live once we have the best strategies guys we gon 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 that’s the goal that’s the goal before I start though we stream live every day 10:30 till noon 2: p.m. to 4:30 if you like these videos of me back testing uh uh smash the like button subscribe come on the stream if you want to support the channel use coupon code Cove Trader works at all the prop firms takeprofit Trader Apex my funded Futures tradify and all the
Other ones so let’s jump into it I’m basically going to use the replay feature uh I have determined today we’re testing out Target Trend by big Beluga uh I haven’t determined if I want the five or the one uh draw down is going to be a big factor also the rules are it’s only going to start after uh probably like 935 you know I I’m not going to use anything pre-market I want to wait till the Market opens um and we’ll
Go we’ll go with that so I’m going to test about a month’s worth of data and uh I got a spreadsheet off of my other screen and we are going to determine every every time it triggers a if you could get 20 points so yeah it would be a t a take profit of 20 points and the other thing or the other thing would be if it actually hits these targets so let’s let it rip I got I’m going to wait
Though until 9 35 so it’s basically like a trend script I guess actually this this would have made you a ton of freaking money already okay but I wouldn’t have taken it because it started pre-market so we’re just going to wait until it gives another and the Market’s over okay well I’m not going to take it right at theend end of the market so that’s why I don’t like the five minute that much because obviously it doesn’t really give you that
Many that many what do you call it indic like buy signals let’s get this bad boy going to five 5X and I’ll pause it so this is how I back test everything all right we’re getting up to 9:00 right almost and we are at 9 and basically this would have been the first one so obviously it’s when it breaks below this line right and when it it’s after it closes so this would actually the entry would actually be 301 actually you
Would have gotten 20 points right there but let’s see what happens see so you didn’t get stopped out it almost stopped you out dude that’s a massive it’s a 70 point so maybe with this you got to use micros I mean you came down it it did not get stopped out you definitely got your 20 points you then also got the first Target so the first time we initiated it you got your 20 points you got your first Target and now
Your stop loss is this line so that’s all you would have gotten the next time it initiated obviously you’d get 20 points because it initiated here You’ get your 20 points and you actually got your first Target okay initiated again you got your 20 points and you got your first Target geez three for three oh so right here would have been a loss so this opened I’m just curious how big the losses are 305 see like that wasn’t that terrible 305
Your stop loss is under this line that’s how they work it a stop but you would have gotten oh you know what guys actually it’s not even a loss it’s after 4 o’clock it’s after 4 o’ this is after hours so I guess we’re riding three for three this is all after hours trading it doesn’t do that well after hours see how it keeps flipping back and forth that’s not what you want you you’d lose a lot of money that way
All right we’re getting ready we are live so you got to wait till a new one trigger so we’re not even this one doesn’t count all right we’re up you would have gotten your 20 points so basically you would have so this triggered on this candle which is 311 and then you would have lost You’ have got your 20 points to the upside and then you would have given back 10 points so it would have been profitable now we’re down open
The trade right here you would have gotten your 20 points so you got your 20 points let’s see how it plays out oh ho baby you would have oh geez I mean you would have gotten more you would have gotten your first level second level third level I mean I don’t even know how many freaking points that is what is that 200 points I mean okay okay well now the day is over so we’re not this isn’t anything the day is
Done right now we’re five for five with getting 20 points and we’re four for five with it hitting the first level and the first level is usually like 50 points all right see what happens I wonder how this goes on the one minute all right you ready this this is the first one so we’re down you entered right here at 86 actually you already got your 20 points you got your 20 you got your first take profit okay it triggers live
At 90 you got your 20 points triggered South you got your 20 points already obviously so I just want to pause this and talk about something real quick so you know you triggered Sou here so if you took profits at 20 points you would have taken some off and then you would have gotten stopped out break even I mean you would have gotten 20 points again that time you would have gotten a loss so that would have been oh no you
Would have gotten [ __ ] 20 points again because you would have entered at the bottom of this candle which is 79 and this Wick would have gotten you as far down as 40 see now we triggered so this is the kind of so this is where this is a loss right here you triggered at 527 see that’s an 80 Point loss that’s an 80 Point loss minus 80 I’m going to I’m going to add up how many points it’s like
That 80 loss wipes out four gains of 20 points so basically what I would almost do on this strategy is once you got to 20 points I would take call it half off and then move your stop to break even so you can’t lose anything so this 80 points would wipe out four gains but if you were only playing to the first take profit you would literally have on average I mean I mean like this one is 100 points but um
20 40 60 80 100 20 40 60 80 100 if you were only playing to get 20 points you’d be up 120 points right now and if you if you held the other another piece for half it seems like half the time half the time we hit the first take profit all right so this is a loss so now we got to wait till it triggers down so triggers down at this candle you get your 20 points again see like dude
That’s a that’s a 100 points like you’re in at 4429 this candle is almost 80 points down I mean that’s a massive win but I’m just let’s see if we hit the take profit no no no doesn’t count doesn’t actually count this is end of day end of day who would have got it but end the day I’m not counting it gotta keep it reals oh baby all right we’re almost at nine o’clock here the next all right the next this
Triggered early I wouldn’t have taken that so next one starts it triggered obviously you would have gotten your 20 points I mean I mean you’d be up forget 20 points you’d be up jeez all right so this would have triggered at 715 you would have gotten 30 you know you would have gotten 40 points up so again 20 points 20 points is like every single time now we have down let’s see what happens we’re in here at uh 675 so look
Every time you bring it to to break even but when you get to this it’s 100 points it’s 100 points draw Downs are going to be rough though I mean obviously you know this Bounce from 572 that’s a 70 point bounce but you would actually have been out because you would have gotten filled right here at the bottom and that’s it the rest of the day is over this is it wow just so you know we’re 14 for 15 on getting
20 points probably even get more than 20 points a lot of times all right ready the next flip is we’re in no no right here now this is it all right hold on hold on we would have got entered at 621 I mean that was 50 points you would have gotten again then you would have entered down at 15 You’ have gotten 20 points there let’s see if we go further down actually we would be out of this trade because we
Would have got stopped at break even all right now we’re in here we’ve gotten 20 points gotten a lot more than 20 points oh hold on hold on hit the button all right You’ have gotten in at 706 you would have gotten 20 points then this you would have gotten in you would not have gotten 20 points right now and let’s see what happens it’s going to be a loss oh you know what guys this is after hours this would have
Been the last one you’ve taken because this was too close to the end of the day dude when you’re doing the five minute back test these candles move quick all right I think this is going to be my last day because it seems like uh it seems like it’s working out pretty well all right right here is not this the next the next the next one is will be the first so we’ll just waiting and waiting and waiting oh that was
Christmas day that doesn’t wouldn’t have done anything all day that doesn’t this is still after hours all right get ready all right would we have taken that yep that would have been the first one so what’s interesting I’m not trying to skew anything but because you kind of get hosed actually cuz see how this wicked below this that’s the trigger to go if it closes below but you would have gotten hos because you would have went short and it would have
Been long and then you would not known what to do all right so this would have been long here you’d be in a almost 100 Point draw down you would have gotten smoked you would got you would have lost 100 points all right now we’re long Def defitely got definitely got your 20 points see and then this 91 I mean right there is 65 points down nope you’d have taken a loss you’d have gotten in at basically 22,000 you know that’s
The other thing like would I have taken this at 22,000 short probably not probably not I mean you would have taken a 36 point loss I’m I’m going to mark it as a loss anyways but you know I probably would have stayed out and waited if we got an up flash cuz why I don’t even know what’s going to happen but bouncing off 22,000 watch I bet you just rips nope I was completely wrong I mean you would have got in
At 2240 you would have lost 30 30 points You’ have definitely made your 20 points here oh man is going to hit it oh you know what I wouldn’t have even taken this this was the end of day and the day all right one more day I’m going to B test tomorrow tomorrow doing the one minute so if you’re interested in more of the one minute there’ll be less of a draw down oh damn I wouldn’t have been in this so
I can’t say I would would be I mean you would have definitely have gotten your 20 points you know when I say 20 points that means you’re moving the other thing to break even so you’re not losing anything and then you’re down 529 you got 20 points to the downside and you’re you’re out of the position see like you would have gotten stopped for Break Even because it came back I’m wondering if like you put your stop maybe below the candle
That started it which would be this one so like that you would have stayed in I don’t know massive gains though all right so just to give you what it is this has triggered 16 uh is it no 21 22 23 24 25 26 so we looked at 26 incidents where this triggered out of the 26 times it’s lost four so you’ve lost four times of those four times you would have lost 30 36 points 100 points and 80 points which
Is obviously 180 is significant amount the times that you would have hit the first level of take profit would have been one two three four five six seven seven out of 26 so what is that like a quarter of the times you will get that not just 20 points but you’ll get that 80 Point move which covers all of those losses because there’s only four big losses those seven big gains more than cover the losses and then the other one two
Three four five six seven eight 9 10 11 12 13 14 15 16 17 18 19 20 21 20 22 times you would have gotten 20 points 20 points is more is enough to end your day um the problem is if you were playing One Mini 20 points would be great you’d be done for the day with $400 the problem is if you lose a 100 you are down $22,000 and if you’re down 2,000 you have very little draw down for
The next move um so I’m almost saying if you played this so you need to play this the problem is you need to play this with like I would say you have to play this with like 12 micros no it’s not even not because you got to play with micros because you’re going to have to sell half at 20 points and you’re going to have to bring up your other half to break even so if you play 10 micros which is
Still One Mini like when you take a loss like 600 loss is not bad you know especially that you know you would have gotten that back it’s the big like 100 or 80 point 80 points is a lot uh oh man I don’t know the sizing I’m going to have to think about it maybe you do six micros six micros still gets you even yeah six micros if you sell three at 20 points is still $120 so if you got two
Of these a day you’re at 240 for the day or what you do is you don’t play 50k accounts and I’m going to test this with a 150k I’m going to test I don’t know I’m going to test the five minute or one minute so that’s why I’m doing this this weekend so I think maybe you do this with 150k account and you use 10 micros and you’re basically getting $200 every time you grab the 20 points and then obviously the
Times that it goes to the first level which is 25% of the time you’re getting 80 points which would make you have $1,000 on that trade versus and then if you lose yeah you take a take a l but I think that’s what I’m going to do because you’re you’re going to need the draw down the only way you’re going to do this is withraw down and I think you need a 150k account so if you want to follow along I’m
Going to be doing this on Monday so come on through on the live stream
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