FOREX: A Cheatsheet To Consistent Profits (Trade Like A ROBOT For Unbelievable Results!)
Published: 2020-06-17
Status:
Available
|
Analyzed
Published: 2020-06-17
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A trading strategy is defined by its conditions, entries, stops, and targets.
"on the aussie dollar we're going to take a look at that in just a second but with all these things combined what actually creates a strategy is simple it is conditions entries stops and targets"
Pending
A trading strategy combining multiple indicators has been tested and shown to provide an edge on the Aussie dollar over the past five years.
"i'm going to show you a strategy combining these in just a second that you can use to actually get an edge over the market and that i have tested and has shown to give an edge over the past five years on the aussie dollar"
Pending
A specific trading strategy on the Aussie dollar yielded a 65% win rate over the past five years, with 42 wins and 23 losses.
"over the past five years it produced 23 losing trades and 42 winning trades that gives 65 total trades 42 over that 65 means we have a winning percent of around 65 percent"
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The speaker reiterates that conditions, entries, stops, and targets are fundamental parts of a trading strategy.
"so that is an example of our conditions and entries hopefully at this point you understand the the strategy portion of this now we're gonna talk about stops and targets which are also part of the strategy but let's go ahead and go over that now"
Pending
To effectively backtest a trading strategy, at least 100 trades should be tested, ensuring all strategy conditions, entry reasons, stops, and targets are considered.
"you want to test at least 100 trades and you test every single trade that happened that was that met your strategy that met your conditions your entry reason your stops and your targets"
Pending
Trading consistency is directly linked to a trader's comfort level with their strategy and potential losses.
"consistency comes down to being comfortable if you are comfortable you will be consistent if you are uncomfortable you will not be consistent with your trades"
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Backtesting is identified as the first key factor for achieving trading consistency.
"what are these two things well first off is back testing what we just talked about a second ago is back testing"
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In 2020, through April, email analysis alerts sent out as part of a trading program resulted in a 65% win rate with 26 wins and 14 losses.
"this is a spreadsheet based on every email analysis i've sent out so far in 2020 these are alerts i send out three to five times a week for members of the eap training program... total wins was 26 total losses so far was 14 with a 65 chance to win"
Pending
A trading strategy, as demonstrated by a 2020 spreadsheet, achieved a 65% win rate over 40 trades.
"it gives you the amount of pips you've made it gives you the total trades which is 40... 65 percent"
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A trading strategy can be profitable even if it experiences a streak of seven consecutive losing trades within a larger sample size of 100 trades.
"you see that there's a point throughout those hundred trades where this strategy or system has seven losing trades in a row but by the end of the 100 trades it's still extremely profitable"
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Mastering risk management, specifically by only risking comfortable amounts, is crucial for maintaining discipline and consistency in trading.
"you have to master risk management and make sure you are only risking an amount that you are comfortable losing"
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The EAP training program provides 3-5 weekly email alerts demonstrating strategies taught within the program, with performance data available up to April.
"this spreadsheet is through april of the eap training program the email analysis i send out is three to five email alerts i send trader that's involved in the program showing them examples of the strategies that i actually teach in the program"
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