20 Trades Exercise

Let's begin.

This is a nice one. I’m in already.

Could you describe your trading strategy with an example chart.

Can i describe with a video? That’s better I think

This is a video that describes my trading strategy.

I appreciate a video response, that shows your dedication.

But in interest of all participating it would make sense you describe the strategy in few words. So others may understand. This will help others learn from you and will create value.

Additionally any good strategy would not be discretionary and should be easily describable by any good trader in few words.

I am not ruling out the ability and potential of fundamental traders or discretionary traders, but you can't create a trader that has similar discretion or information as you but you sure can create another trader that does exactly what you do by replicating your method.

Example response:
i buy or sell double tops or bottoms.
i buy pullback on vwap or ma ribbon.

Alright. Thank you for making it clear.

I see we have a 1:14 trade posted in one of the posts. This is remarkable return if possible.

To the readers of this thread 1:14 trade means a 100 USD risk on a trade would return 1400 USD. The way is see it that represents a serious bankruptcy possibility for the broker or prop shop on the other side

On a serious note if you are actually placing traders with extreme accuracy and high win rate that matches trades like this and have discipline to execute them then you are already in top 5%.

We can't rule out law of large numbers that traders like this do exist so maybe we do get a few great traders in this thread.

I am so excited to see if we can actually see 250 USD turn into 3500 USD or 1000 USD turn into a 14000 USD. Ofcourse not every trade would return that amount. But that would be a remarkable sight to behold.

i am interested in seeing this outcome in real time.

I was told this thread look like a marketing idea. But i assure you i have nothing to sell to you. I am genuinely interested in seeking out like minded traders.

Let's see.

I am in! I trade a EUR/USD breakout strategy. I wait for price to exit the Asian or Frankfurt hour range, then wait to spot a reversal back into it. Once the reversal is confirmed, I take my trade and place stop loss below the reversal pattern.

I have a question, can we use a demo account for this 20 trades challenge or does it have to be a live account?

You don't need to do anything. You will get access to a trading platform but without the charts.

You will get to to see open \trades, modify trades but biggest thing it will have a loss limit on top you cant place any trade once the loss limit is hit for that day.In the back end it will place real orders using API into a real MT4 trading account.

As Mark Douglas said you will develop a probabilistic thinking attitude once you finish the run.
Your mind will be wired differently.

I will share the link to the platform soon.

Please describe your trading strategy in the mean time.

In my breakout strategy, I basically wait for price to breakout of the Asian session range {yellow box) or breakout of the Pre-Frankfurt high/low (ash colored lines) then I look out for a reversal. Once I spot a reversal back into the range where it broke out from I then fade that reversal candlestick pattern.

In the attached image, price broke out of the lower Asian range and the Pre-Frankfurt low and once I spotted the reversal pattern, I faded the move by buying.

Yh, it’s possible but like you stated not every trade will give that. Once in a while those kind of trade setups present themselves. My main target for most of my trades is 1:3rr.

I am checking the replies.

i am interested . my strategy is to trade the breakout of the Asian session range or the break of the pre-frankfurt hour range