First 51 trades on Dema account with MK web results

This topic has 12 replies, 5 voices, and was last updated 1 year, 5 months ago by Wesley Otto.

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- March 14, 2023 at 8:40 pm #63349
  Tim Tim
  Participant
  I traded with a $100,000 demo account for the last 3 months. Thought I would share my results.
  
  Total Account Start $100,000
  Total Account now $101,960
  Profit = $1960
  
  Total wins = 28 55%
  Total Losses = 20 40%
  Break even = 3 5%
  
  P/L current doing a grail pattern 🙂
  
  Trades:
  
  28.11.2022 Short EURGBP Win $881 A
  29.11.2022 Short EURUSD Win $118 A
  29.11.2022 Long AUDUSD Win $656 A
  30.11.2022 long EURUSD WIN $553 A
  01.12.2022 scalp short EURGBP WIN $590 A
  01.12.2022 Long EURUSD WIN $1300 A
  06.12.2022 Short GBPJPY Loss $-961 A
  05.12.2022 Long EURJPY WIN $478 A
  08.12.2022 Scalp short EURGBP WIN $151 A
  09.12.2022 Scalp Short EURUSD WIN $420 A
  12..12.2022 short AUDUSD WIN $100 A
  13.12.2022 short EURGBP WIN $258 A
  05.12.2022 short EURUSD Loss $-1143 A
  14.12.2022 Short GBPJPY Loss $-500 A
  14.12.2022 Short GBPUSD Win $1600 A
  19.12.2022 Scalp long USDJPY WIN $300 A
  20.12.2022 Scalp long GBPJPY WIN $150 A
  16.12.2022 Long NZDUSD WIN $130 A
  02.01.2023 Long EURJPY Loss -$772 A
  04.01.2022 EURJPY WIN $1009 A
  05.01.2023 short AUDUSA Win $90 A
  29.12.2022 Long EURGBP Loss -$290 A
  03.01.2023 EURUSD short loss -$580
  09.01.2023 Long EURGBP Win $656 A
  08.01.2023 Short USDJPY WIN $1182 A
  12.01.2023 EURJPY short WIN $1295 A
  09.01.2023 GBPJPY Short Win $1140 A
  16.01.2023 NZDUSD short loss -$1154
  16.01.2023 AUDUSD Short loss -$953
  16.01.2023 GBPUSD Short loss -$1021
  19.01.2023 EURGBP Longs loss -$214
  19.01.2023 NZDUSD short loss -$1019
  11.01.2023 USDCAD long Win $233
  18.01.2023 GBPJPY Short Win $1000
  23.01.2023 EURGBP Long Win $1000
  23.01.2023 EURUSD Short loss -$1000
  01.02.2023 AUDUSD Win $763
  14.02.2023 GBPJPY Loss -$1047
  14.02.2023 NZDUSD Loss -$1000
  13.02.2023 AUDUSD B/E $0
  08.02.2023 USDJPY Loss -$1047
  07.02.2023 EURGBP Win $1000
  22.02.2023 USDJPY Loss -$1000
  16.02.3023 NZDUSD Loss -$1000
  17. 02.2023 AUDUSD Loss -$1000
  20.02.2023 AUDUSD Loss -$1000
  24.02.2023 EURJPY Win $1000
  27.02.2023 EURGBP Loss -$1000
  27.02.2023 EURUSD B/E $0
  02.03.2023 EURUSD Win $734
  02.03.2023 NZDUSD win $774
  
  Some finding:
  
  Very hard to trade with a full time job. A lot of the time I would not look at the charts for 8+ hours and come back to DM switch and a loss.
  I found trading against the net DM squeeze ended badly but also resulted in missing loads of trades.
  I found it hard to predict when the Net DM squeeze was collapsing or it was just a small turndown before continuation.
  I found a lot that price would move then 3+ hours later the volume would appear on the on previously printed candles a couple hours back( like a huge lag in the position being opened and then showing up on the charts)
  
  Hope people find this interesting.
  
  I will share my results after another 50 trades and see what improvements I can make to my trading.
  
  If anyone has any advice would be greatly appreciated?.
  
  PS: I am a novice trader who has never been profitable with any trading systems so don’t think my result will mimic anyone else’s results.
  
  TimTim
- March 14, 2023 at 9:42 pm #63365
  Admin SME
  Keymaster
  Interesting,
  let us see whether the MK web v11 can push your curve up nicely.
  Which risk management policy are you using?
  
  SME FX
  - March 14, 2023 at 10:30 pm #63378
    Tim Tim
    Participant
    Nothing complicated. I just only risk 1% per trade and try have my risk reward at 1:1 minim. Can you suggest any better options?
- March 14, 2023 at 9:50 pm #63366
  FractalFreak
  Participant
  “Very hard to trade with a full time job. A lot of the time I would not look at the charts for 8+ hours and come back to DM switch and a loss.
  I found trading against the net DM squeeze ended badly but also resulted in missing loads of trades.”
  
  Makes sense.
- March 14, 2023 at 9:51 pm #63368
  FractalFreak
  Participant
  “PS: I am a novice trader who has never been profitable with any trading systems so don’t think my result will mimic anyone else’s results. ”
  
  Fine.
  What kind of setups / time frames did you focus on?
  
  Do you have a fixed TP / SL?
  
  All the best,
  D
  - March 14, 2023 at 10:29 pm #63376
    Tim Tim
    Participant
    Because I work a lot and can’t be at a computer in work. Iv been focusing on 4H range reversals.
    
    For my stops and TP.
    
    I do my stops two ways.
    All set in the book
    
    1: I use a mk stops on the chart if possible if it is available
    2: I just use 1:1 of my target
    
    My take profits.
    
    I just close 50% at the 4h blue band like and hold the other 50% and close if I see DM switch or weakness
- June 7, 2023 at 11:20 am #73803
  ImpliedOdds
  Participant
  Hey Tim. Wanted to reach out to see how you’re trading is going. I was away for a while, but have resumed. Actually passed a prop firm challenge recently so trading live $ (allegedly), but live results have not been good. Do you have any interest in posting trades again?
- June 12, 2023 at 8:40 am #74514
  Tim Tim
  Participant
  Hi, ye I will post results from the next 50 trades when they are done. I’m really trying to figure out a strategy that I can use around work. its meaning less trades but focusing on 4H reversals trades with collapsed squeezes. if I get a strategy to work around work ill make sure I post it.
  - June 14, 2023 at 10:48 am #74898
    Wesley Otto
    Participant
    Hi Tim,
    
    Hope you are well. I find the best way to trade the MKweb is to wait for DM crosses on the M30/H1/H4 as this gives you a good entry point. I also look at the general sentiment (long vs short positions) and trade with the correct sentiment. Trading towards MTS can also be done but there needs to be a squeeze in the market. I have learnt the best way is to always trade with the squeezes never against. I found that pairs that move a lot sometimes retrace EURUSD & GBPUSD. So, I trade the balance of pairs on the MKweb. Sometimes you just need to sit on your hands and wait for setups. I found writing down everything to help.
    
    Thanks
    
    Wesley
    - June 28, 2023 at 2:10 am #77337
      ImpliedOdds
      Participant
      
      Hey Wesley. May I ask if you’re able to watch the markets throughout the day? I am restricted by a busy job that makes this difficult, so i’m in a similar situation as Tim. Difficult…
- June 12, 2023 at 11:23 am #74526
  ImpliedOdds
  Participant
  I’ve had the same challenges. Lmk if you have an email or discord I can send a message to. Thx
- June 22, 2023 at 8:30 am #76193
  Tim Tim
  Participant
  yes send me an email on [email protected] and we can figure out how to communicate
- June 28, 2023 at 7:11 am #77347
  Wesley Otto
  Participant
  ImpliedOdds wrote:
  
  Hey Wesley. May I ask if you’re able to watch the markets throughout the day? I am restricted by a busy job that makes this difficult, so i’m in a similar situation as Tim. Difficult…
  
  Hi,
  
  I don’t watch the markets the whole day. Just have a good idea of what news is happening. I have got MT5 downloaded on my phone which helps just to have a look at trades etc. I have also found the myfxbook sentiment to be additional help with overall direction. So, if MK & myfxbook sentiment aligns it also helps. Forex has been a learning curve for me the last year. As this is the most, I have ever focused on it. I’m in South Africa and look at the main openings London, NY & MK 3 times a day or so. Drop me an email if you would like too. [email protected]
  
  Thanks
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