This Epic Trading Strategy Struggles to Lose

Рет қаралды 12,392

7 ай бұрын

This Epic Trading Strategy Struggles to Lose.
It's true.
I even missed around 20%, or even 30% of valid trades when backtesting (due to tiredness).
If you follow the rules strictly, it'll be incredibly hard to fail. Zone to zone - trade with the trend.
Here are some timestamps to help you:
00:01 - Intro
00:30 - Let’s backtest all of 2023
00:51 - Rules
04:28 - Top Down Analysis
04:52 - Higher timeframes respect higher timeframes explained
05:27 - Scalping vs Day Trading vs Swing Trading Strategy rules
05:55 - Order Blocks and Points of Interest
08:07 - How to Understand Directional Bias
13:13 - Equilibrium trade explained using GANN Chart
19:25 - BACKTESTING BEGINS
20:01 - Trade Entry 1
22:47 - Prop firm tips
23:25 - Trade Entry 2
25:13 - London Breakout Trading Strategy still works
26:45 - Trade 3 (Didnt take)
27:36 - Trade 3 entry
33:02 - Trade entry four identified
34:42 - Trade Entry 4 identified
37:21 - Trade missed (6.33%)
43:22 - Trade 5 identified (Did not take)
45:55 - Another trade I missed / did not take
50:07 - Trade 5 Identified
51:13 - Trade Entry 6
54:54 - Game changing trade missed!
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📈 CHART SOFTWARE 📈
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💡 VIDEOS TO HELP 💡
How to use the Inside Bar: • Inside Bar Trading Str...
Full Order Block Strategy 151% trading AUDJPY: • BACKTESTING ORDER BLOC...
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EURUSD Trading Strategy: • Order Block Trading St...
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*PLEASE NOTE*: There are a lot of people imitating my account - there is only one of me: @RealPaulMagee
DISCLAIMER
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched, and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex Market, you should carefully consider your investment objectives, level of experience, and appetite for risk. Most importantly, do not invest money you cannot afford to lose.

Пікірлер: 96

@innate7260 7 ай бұрын

Big thanks again mate,,my ex is quite the narcissist,,never wrong,,she should trade lol,,biggest humble pie she'd ever eat 😅

@TradeForexwithPaul 7 ай бұрын

🤣🤣🤣🤣🤣🤣 hahahaha that made me laugh mate

@saadjarrad8384 7 ай бұрын

it is not a long video at all ; why? because you are showing a method/ style to approach a market with very convincing way ; and that makes the time for your followers who is watching you worth every moment of this video ; and i believe if any one who wants to get involve in this market trading then i think this video worth to watch many times and understand it well then go and practice...just sharing my view about it ...thank you for all your efforts.

@TheRealBlueMax 7 ай бұрын

Thanks Paul! Love this stuff! I have learnt so much from your videos! 👏🙌 This week has been rather tough for me. Trading the Sydney and the early London session.

@TradeForexwithPaul 7 ай бұрын

Thank you so much. Same here. Same sessions. Very tough week in the market

@yarinshem-tov7315 7 ай бұрын

Great video!!!

@jonathanlee5185 7 ай бұрын

Thanks Paul. Always something to be learnt on these videos. 👍

@TradeForexwithPaul 7 ай бұрын

Thank you mate

@temanmuberbagi 7 ай бұрын

Thank youuuu Paul, for giving this clear information. Thank you!! We want more 😁

@TradeForexwithPaul 7 ай бұрын

Thank you. Hopping for another tomorrow but it might be sunday

@alexandermartens192 7 ай бұрын

I really appreciate your honesty!

@TradeForexwithPaul 7 ай бұрын

You're welcome 😊

@kwestkiriba 7 ай бұрын

I love how you take time to explain... this is sharing and teaching in 1

@TradeForexwithPaul 7 ай бұрын

Thank you so much

@schneidertrades888 7 ай бұрын

Hi Paul, New subscriber here. Love to watch you work, especially the fact, that you express your thinking and prep process for every entry, what you look for etc. Hard to find mentors who do that. Thank you!

@TradeForexwithPaul 7 ай бұрын

Thanks so much mate. Yeah, trading can be emotional - especially for an emotional person. Trying hard to work on it though!

@mannybacunawa 6 ай бұрын

Thank you sir for sharing ive watched this multiple times😅 im excited of this week backtesting.

@TradeForexwithPaul 6 ай бұрын

So good to hear mate. Make sure you log it all

@Brokenalgo 7 ай бұрын

I was laughing out loud with how emotional you get when back testing, but it does show the reality of trading! Nice mate. Thanks for posting.

@TradeForexwithPaul 7 ай бұрын

Hahaha oh my days. Trading is hard for competitive people

@curiouskittycat5977 7 ай бұрын

I look forward to watching this one too! So, I started backtesting with restricted times to get more realistic returns, where I am allowed to set trades only during awake hours in EU... it would be interesting for me to see if you were to backtest only during one session hours (or some other same hour block) day after day or same strategy but on a random forex pair or gold to see if it holds even approximately the same. Thanks for sharing with us. Looking forward to backtesting along your video.

@TradeForexwithPaul 7 ай бұрын

I trade most of the time mate. The majority of my trades happen in London session followed by ny

@walterelisephans4786 7 ай бұрын

You are the best trader so far❤

@TradeForexwithPaul 7 ай бұрын

Thank you. Just gotta replicate it on the live charts. Has been a tough week

@besttrade77 6 ай бұрын

It's a long video??? Make this videos even longer, enjoyed watching it. Big thanks from your Iranian brother

@explorster 7 ай бұрын

Thank Bruce

@TradeForexwithPaul 7 ай бұрын

haha :D

@keironthomson3362 7 ай бұрын

Appreciate the 1hr videos, there's a lot of value listening & watching how you approach the trades. This value would deminish if the videos were condensed. Back testing - the unsung hero of trading. 🙂

@TradeForexwithPaul 7 ай бұрын

Thank you mate. Will try to shorten some of them and cut out my constant rambling 😅

@rotasrb4598 7 ай бұрын

Hi Paul, the 1 hour videos are just fine in my opinion, there are so much small very important info that are hard to find in other videos and shorter videos would not do justice to those small nuggets

@TradeForexwithPaul 6 ай бұрын

Thank you!

@lildgamedev6885 7 ай бұрын

Paul on fire lately 🔥 can’t wait to dive into this one! Is there any openings in ur discord at the moment Paul?

@TradeForexwithPaul 7 ай бұрын

Thank you mate. Yeah, I've opened it up :)

@karigrayjustinussen8022 7 ай бұрын

Hello Paul awsome video. Would it be possible to maybe do a scalping video of this kind of strategy? But on lover timeframe. Thanks for the videos.

@TradeForexwithPaul 7 ай бұрын

Sure. I think I might have done one on AJ a year or so ago mate. May do a newer one soon

@23OZ 7 ай бұрын

epic, would love a video seeing u trade it live for a week and how u would mange it live, that would be sick

@TradeForexwithPaul 7 ай бұрын

I post my trades in FTR. May try live trading on yt though, it'd be a very boring watch!

@DaniFXTrader 7 ай бұрын

Best 🔥🔥

@TradeForexwithPaul 7 ай бұрын

Thank you mate

@impression4187 2 ай бұрын

Great video Paul. I just had a question regarding order blocks. Sometimes in the videos you mention that one looks rubbish but how can you tell if an orderblock is strong or not. Was wondering if you have a video of the different types of order blocks to tell which one would be strong and which one would be weak?

@TradeForexwithPaul Ай бұрын

Good quesiton mate. There are several confluences. Mostly to do with a sweep and then followed by imbalance. If that can be coupled up with a POI, then its game time

@arsenic9680 7 ай бұрын

what does mitiagated means for you when it comes to an orderblock... it being mitigated 50% or more of the orderblock or a slight little tap into it also makes it a mitigated orderblock, and why did you miss the trade at 31:00, is it bcz you dont trade sessions, which would automatically result you missing trades a lot?

@TradeForexwithPaul 7 ай бұрын

Very good question mate. Technically its the same % penetration of what the entry of that timeframe would be. So the m15 would be the .25, H4 is the .5. I set alerts to get the trades. That miss mentioned was 2 things: 1 - most important- i was too stuck in one directional bias 2 - not concentrating

@curiouskittycat5977 7 ай бұрын

If I am getting it correctly, you mark OBs of one time frame only if they are within an OB of a higher time frame?

@TradeForexwithPaul 7 ай бұрын

Most of the time - then just pullbacks between them

@curiouskittycat5977 7 ай бұрын

40:43 I considered this scenario and I think that it is better to have two smaller SLs than one bigger. Returns on average will be better with two smaller sl's imo. We have one average gain with almost twice as small RR vs. at least one winning twice as many RRs and a few losses for getting potentially stopped out once extra per trade. I haven't done propere math, just an eyeball - seems obvious. ... given each SL in all scenarios is always 1%.

@TradeForexwithPaul 7 ай бұрын

Drawback is risking twice as much on one idea. If I do place two I tend to split my risk now

@curiouskittycat5977 7 ай бұрын

@@TradeForexwithPaul overall win rate would cover that extra loss, wouldn’t it? However, multiple stop losses at any location along the trading leg would lead to ruin. Just this marginal case that I see differently .. will do some stats napkin math when I get to my desk for this. …ttys

@TradeForexwithPaul 7 ай бұрын

Yeah, you are right mate. I think I'm just thinking of the balance psychologically when live trading. I've noticed I start to get a little wobbly after just 3 losses in a row and start doubting myself - once I get over that mental hurdle I think the next thing to do is do what you've suggested above. Sky should be the limit then

@curiouskittycat5977 7 ай бұрын

@@TradeForexwithPaul i understand. I try to remember that it is not about me but about the strategy and that i have time and that tomorrow will come. And rhat missed trades are not losers (i dont belive in this last one). Yiur videos help a lot. They are the light on my path now. .. and to add what helps me when i am hypnotized by charts cant see a thing, is to get out of the forest to see it ... not thay it will help you. Just in case. :) 😀 Oh, and just to say, i dont expect you to trade perfectly. Imho it shoild be a public note by now that this strategy accounts for bad days too. ;)

@curiouskittycat5977 7 ай бұрын

Ps. As long as we can tell and correct bad days it is perfect learning experience. 👌 just perfect.

@gidionmbwambo1912 7 ай бұрын

Mr. Paul whats the difference between rebalance and mitigation?

@TradeForexwithPaul 7 ай бұрын

Depth of penetration (sounds weird I know) - Mitigation goes deep. Rebalance usually just touches the tip of the previous 2 candles

@Lucaforex 7 ай бұрын

Hi Paul with which pair do you have the best rewards? EURUSd?

@TradeForexwithPaul 7 ай бұрын

Yeah, lately. I used to trade exclusively GU but EU since the use of prop firms, and it moves a little cleaner too

@curiouskittycat5977 7 ай бұрын

25:51 why is that an OB when the candle is in downward direction?

@TradeForexwithPaul 7 ай бұрын

The shape, structure, and previous candle. Sometimes I turn my colours all the same so there's no bias on bull/bear colour

@RohitChoudhary-pt9nu 5 ай бұрын

can you please backtest using FxReplay for 1 Year any pair of you choice ?

@TradeForexwithPaul 4 ай бұрын

I'd like to but it takes about an hour to do 1 week

@SCMcDonLon 7 ай бұрын

Can this be done on the 5m chart ?

@TradeForexwithPaul 7 ай бұрын

Yes, but adhere to the 1H for structure

@curiouskittycat5977 7 ай бұрын

What's the difference between mitigated and rebalanced?

@TradeForexwithPaul 7 ай бұрын

Depth of penetrative 😅 tricky writing that 🤣

@curiouskittycat5977 7 ай бұрын

@@TradeForexwithPaul lol ok

@TradeForexwithPaul 7 ай бұрын

Rebalanced just touches the tip of the prevous (2nd previous) candle. Mitigation penetrates into the candle deepter

@curiouskittycat5977 7 ай бұрын

41:14 if the last line didn't go all the way up but instead it went down, it would have been a fake ChoCh. I am noticing these fake Choch in price action and I wonder do you even try to avoid them? Or you assume each choch is a good one? Ranging market is a challenge for real vs. fake choch.

@TradeForexwithPaul 7 ай бұрын

I'm not sure what a fake choch is mate tbh

@curiouskittycat5977 7 ай бұрын

@@TradeForexwithPaul liquidity grab that started off like choch but then retraced back … is fake choch in my mind.

@TradeForexwithPaul 7 ай бұрын

Ohh, I see - not too much you can do about them apart from pay attention to what it's grabbed and how it THEN goes on to break a zone with momentum to pick your bias. Sometimes this fake choch is easy to see where it would happen. - there were two instances last week of it - the LQ grab right at the end of the week (where I went long) - it was outside of the H4 structure, but due to the close of the previous H4 being nearby but not creating Choch - there was a clear LQ pool in the OB, so taking that long would be absolutely fine AS LONG AS it happened within the next 4 hours

@mikeroth3059 7 ай бұрын

25% - 35% win rate?? Did I hear that correctly? How is there no better strategy?

@walterelisephans4786 7 ай бұрын

Its not easy mate...I used to think there's a better one out there....only to realize it's more of risk rewards than win rate .....but I suggest you continue to explore, maybe you might find one which augments your personality

@TradeForexwithPaul 7 ай бұрын

Its a trade off. Go for a 1:1RR and 60% WR strat if it fits your personality. That would be the best for you. (Hypothetically) If you are comfortable with loss streaks of 10 and win streaks of 3, but you're taking 1:4 - 1:15RR wins each time, then there is probably no better out there.

@TradeForexwithPaul 7 ай бұрын

Ah just seen this has been answered in the same way. Nice one 🙌

@mikeroth3059 7 ай бұрын

Thanks. Yeah, I guess if you are profitable that is all that matters. @@TradeForexwithPaul

@TradeForexwithPaul 7 ай бұрын

I have to tell myself that every trade :D

@kunalmehta2633 7 ай бұрын

I’m struggling to understand your strategy from previous video 😢

@TradeForexwithPaul 7 ай бұрын

Zone to zone mate

@kunalmehta2633 7 ай бұрын

@@TradeForexwithPaul will watch it again. Please help me mate 🙏

@TradeForexwithPaul 7 ай бұрын

Higher timeframe supply and demand zone to the same. Take entry on lower timeframes using similar patterns. If you keep it super simple you'll do well

@kunalmehta2633 7 ай бұрын

@@TradeForexwithPaul appreciate your reply. Thank you so much 😊

@TradeForexwithPaul 7 ай бұрын

You're welcome!

@mattd4272 7 ай бұрын

I will tell you i added in a couple moving averages and only take orderblocks near the bounce and you get more like 70 percent win rate its a pretty good improvement.

@TradeForexwithPaul 6 ай бұрын

Nice work mate 🙌

@morningStar-hy7nn 6 ай бұрын

which periods did you use for your ema?

@ryn8295 7 ай бұрын

Do u only trade eurusd?

@TradeForexwithPaul 7 ай бұрын

Mostly. There are 3 others that I trade but the past few weeks I've focused only on EU

@Beebeepbooboop 7 ай бұрын

46:32 Lmao. Poor bellend getting roasted

@TradeForexwithPaul 7 ай бұрын

hahahaha

@canitrader2423 7 ай бұрын

What pairs do you monitor with this system? Seems with the accuracy you wouldn't need all 28 majors and minors or you be flat out trying to keep up ?

@TradeForexwithPaul 7 ай бұрын

At the moment, just EU. though generally I trade EU, AU, UC, GU. You can swing trade this as well using the H4 and Weekly - can trade all the pairs doing that and trade maybe 10 mins a day

@canitrader2423 7 ай бұрын

I get how you use daily and mostly H4 to plot unmitigated POI where price is likely to react, and then you drop to M15 for final analysis and entry, but can you explain the entry? Do you simply place pending orders in the POI and trust (hope) that price will trigger and then go in your intended direction or do you visually assess each setup and wait for price to enter the POI and then wait for a trade confirmation such as a M15 ChoCh into the direction of the trade, or maybe an engulfing bar ?

@TradeForexwithPaul 6 ай бұрын

No worries mate. 3 ways to trade out of a h4 poi: .5 off the H4. So an H4 trade to the next H4 poi Choch on the m15 after mitigation of the .5 of the h4 Direct entry off the .25 of the m15 within the H4

@canitrader2423 6 ай бұрын

@@TradeForexwithPaul thanks for the tips