Order Block Trading Strategy | Backtesting AUDJPY

No video

Order Block Trading Strategy | Backtesting AUDJPY | Week 6

Рет қаралды 8,184

Күн бұрын

Backtesting Order Blocks on AUDJPY for the timeframe of February 8th 2021 to February 15th 2021, using the 4H timeframe for market structure and 15M timeframe for Order Block Entries.
I reveal the full Order Block Strategy for the medium timeframe.
This week we generate Forex Trading returns from 6 trades (4 wins, 2 losses) at +38.35%.
Let me know in the comments if this content is helping you with your trading :)
TIMESTAMPS:
03:30 - Using the Inside Bar as Trend Continuation for Order Block entries
04:41 - Forex Market Liquidity Identified in Ascending Channel
06:46 - More Forex Market Liquidity Explained
08:18 - 1st Failed Trade - Order Block on a Supply Candle (explaination)
08:59 - Pro-Trend Hedge Order Block Entry (WIN)
10:52 - H4 Range Adjustment after a bit of confusion
12:47 - Pro-Trend Order Block Identification
14:02 - Counter-Trend Order Block Trade No. 2 (LOSS)
16:49 - Why you should only look at pro-trend trades :p
17:34 - Pro-Trend Order Block Trade Explained (WIN)
19:48 - SMC Reversal Pattern Explained
21:02 - MISSED TRADE - Clicking Too Fast (WIN)
23:15 - What is a BOS Order Block - Trade Entry (WIN)
25:02 - Premium vs Discount in Forex Explained
28:42 - Pro-Trend Order Block Entry (WIN)
29:03 - Where to take partial profits in Forex
29:40 - Pro-Trend ORder Block Entry (WIN)
32:10 - ANOTHER potential missed trade!
36:42 - Weekly Round-up
📲 JOIN MY DISCORD TRADING COMMUNITY - FTR TRADING 📲
shorturl.at/hKNTU
🔥 WANT TO KNOW WHAT BROKER I USE FOR AMAZINGLY LOW SPREADS? 🔥
icmarkets.com/?...
📈 MAXIMISE YOUR TRADING EDGE 📈
forextester.co...
Use the coupon code: TFWP10FT
📈 CHART SOFTWARE 📈
bit.ly/3R6hARP
💡 VIDEOS TO HELP 💡
How to use the Inside Bar: • Inside Bar Trading Str...
Full Order Block Strategy 151% trading AUDJPY: • BACKTESTING ORDER BLOC...
Supply and Demand vs Support and Resistance: • Supply and Demand vs S...
Gaining 90% in just 2 days: • Order Block Trading St...
Reversal Trading Patterns: • SMC | Forex Reversal T...
35% available on EURUSD this week alone: • Price Action Trading |...
📽️ PREFER A PLAYLIST? 📽️
EURUSD Trading Strategy: • Order Block Trading St...
AUDJPY Trading Strategy: • Order Block Trading St...
XAUUSD Trading Strategy: • Order Block Trading St...
💵 FUNDING 💵
THIS IS WHERE I GAIN LARGER CAPITAL FROM (Trade up to $400k/£280k):
bit.ly/3hWSNzc
📸 SOCIAL 📸
Instagram - / realpaulmagee
*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.
#Backtesting #orderblocks #AUDJPY

Пікірлер: 55

@kimondi396 Жыл бұрын

Loved this video, I have been watching them for around 2 weeks. I have traded order blocks but not quite like this. Amazing to see such a simple strategy yield so much in such a short time. Thanks for your hard work.

@TradeForexwithPaul Жыл бұрын

Thank you so much for the kind comment mate

@JonathanVCD Жыл бұрын

Love u paul, I'm studying 3 videos a day hoping this is what takes my trading to the next level.

@TradeForexwithPaul Жыл бұрын

Aww love you too mate. I'm glad you're finding value :)

@MrPhneutral 2 жыл бұрын

Best teacher ever! 🙏👌

@TradeForexwithPaul 2 жыл бұрын

Really appreciate it dude

@nwgclan1145 2 жыл бұрын

Really Awesome back testing video, keep it up, these back testing videos are the ones I am waiting the most, subscribed and like deserved :) hope to see more of these, keep it up paul.

@TradeForexwithPaul 2 жыл бұрын

Really appreciate this mate - thank you! Really glad it's helping you, too!

@brianpaterson2391 2 жыл бұрын

Another great educational video. A huge thanks for all the work, time and effort you put into this.

@TradeForexwithPaul 2 жыл бұрын

Thanks so much for taking the time to comment mate - it means a lot :)

@RJ-kw7wz 2 жыл бұрын

I m learning from your video I don't need pay money for this you're very great person thanks man your great mentor I'm always waiting for your next video

@TradeForexwithPaul 2 жыл бұрын

Thanks so much RJ :)

@jonsharp6924 2 жыл бұрын

Another great video. I liked the confusion then readjust to H4. Nice! I killed this in my own back testing this weekend and gonna demo this week. Thanks again Paul!

@TradeForexwithPaul 2 жыл бұрын

Thank you John! Really glad you liked it :D I got really thrown and thought the video would be a disaster at that point!

@yusukeiizuka8702 2 жыл бұрын

I can't believe nobody else has commented on this moment at 26:07! SO funny with your little chuckle to yourself, Paul! Literally had me laughing out loud! 😆 Great video anyway mate, appreciate the time you put into these vids 💪

@TradeForexwithPaul 2 жыл бұрын

Hahahah 👊📈🤣

@samuelkajena9905 2 жыл бұрын

Well done Paul. Great result for the week. I love the fact that you where confused at a point and lost some early trades and how you recovered from one trade and still make up to 38%. I lot confused myself and could find a way forward, that is a huge lesson I have just learned. That's a lot. And I think the weekly back testing is better that the strength monthly back testing. Thanks once again.

@TradeForexwithPaul 2 жыл бұрын

Thank you so much Samuel! Haha - I get confused quite often! Always strip it back to basics when that happens... Sometimes it will take a day or so for me to figure out the true direction of the market as I just feel so muddled, but it's happening less and less now. Thanks again mate. Glad you like the videos

@rockrock9173 2 жыл бұрын

looks like magic for me, i wait your courses with impatience, thanks

@TradeForexwithPaul 2 жыл бұрын

Thanks so much Rock!

@GilbertoHernandez1973 2 жыл бұрын

Nice videos Paul! Really love this backtesting you´re doing. Looking forward to the US30 vid and that course you´re working on!

@TradeForexwithPaul 2 жыл бұрын

Rammed for time atm but hoping to do US30 in the next couple of days

@katekimani8096 2 жыл бұрын

This is so awesome. Keep doing it. Cant get enough.

@TradeForexwithPaul 2 жыл бұрын

Thank you again!

@DavidFaratian 2 жыл бұрын

Really great video. I am learning so much and I am amazed by your results!

@TradeForexwithPaul 2 жыл бұрын

Really glad to hear this mate thank you

@Brk19033 2 жыл бұрын

You are perfect! u love this job man.

@TradeForexwithPaul 2 жыл бұрын

Aww thanks mate

@valdon2510 2 жыл бұрын

Could you explain what an Inside Bar is and how to use it? Im looking forward to see antoher Video of these kind of Backtesting :)

@paoloinnocenzi5641 2 жыл бұрын

Yeah me too just wanted to know the logic behind it!!

@TradeForexwithPaul 2 жыл бұрын

Hi Valdon and Paolo, you may have seen this already, but here's the answer: kzfaq.info/get/bejne/pZaIZ5arksuVo2Q.html

@mattdonlan7745 Жыл бұрын

Another great follow along video. Do you ever drop down to the 5 to see if there are any other blocks, or is that too granular for your approach? I appreciate the 15m /4h timeframe, but when I drop to the 5m I see some smaller order blocks here and there. I'm guessing they would only matter if you were trading the 5m as part of your strategy? Thanks again for your hard work and for sharing your insights. Truly phenomenal.

@khalidsebbah9283 2 жыл бұрын

Great video, You make it easy. Thanks.

@TradeForexwithPaul 2 жыл бұрын

Thank you!

@tmsmyr 2 жыл бұрын

Hey Paul, very useful video again as I expected from you. Thanks 👍 I really enjoy how you easily handle the layout and moves on the chart with your keyboard to the exact points. Could you please tell me how can I check what are the usable keyboard shortcuts? Greetings from Hungary 🇭🇺 🍻

@TradeForexwithPaul 2 жыл бұрын

Thank you mate. Yeah, I just use the Ctrl button when trying to click to highs and lows when dragging a trendline or a box. And Hold down Shift if you want it to go in a straight line :)

@randytrashcan 2 жыл бұрын

Hey Paul, really enjoying the candid breakdowns, but would you mind going into just a touch more detail in future videos about the mechanics of what you're looking at with regard to inside bars, or, for instance, why one 'order block' takes priority over others (assuming there's what appears to be a string of them in a single leg)? If none of that made any sense, maybe you can glean insight from the confusion. lol It's all quite obvious to you, despite some confusing/choppy price action, but as someone trying to figure out what specifically you're drawing your hunches from, it looks more like wizardry than science. Again, appreciate it! Take care and be well.

@TradeForexwithPaul 2 жыл бұрын

Thanks so much for the comment mate. Good questions. There are the immediate order blocks, mid range, and extreme. Then, when coupled with premium v discount on the entire leg, its often the extreme which I go for. A little video on Inside Bars that I made recently might be helpful: kzfaq.info/get/bejne/pZaIZ5arksuVo2Q.html

@mikaaa8854 2 жыл бұрын

Hi will you do any live breakdown analysis of charts to show which trades you will take in discord, telegram or KZfaq live so we could follow learn as we earn

@TradeForexwithPaul 2 жыл бұрын

Yes, absolutely. I'll be updating (pretty much) daily into the discord group when it's all up and running. Might do weekly analysis videos for youtube again now

@michaeltam4171 2 жыл бұрын

Thank you Paul. Well done. It helps me a lot for studying and strengthen my knowledge. Btw, may I know which plan you join in Trading view which let you to replay the smaller TF before a year?

@TradeForexwithPaul 2 жыл бұрын

Thank you mate - I use the pro plan - I used the premium for a while but I just don't make use of it's features. If I need lower than the 1m timeframe I use the tick-chart from my broker. Otherwise, the entries will all be hindsight as it's physically impossible to take a trade and mark it up on TradingView when using literally the ticks. *It's faster than the 1second