First 51 trades on Dema account with MK web results

[Tim Tim]

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

[Admin SME]

Interesting,
let us see whether the MK web v11 can push your curve up nicely.
Which risk management policy are you using?

SME FX

[Tim Tim]

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?

[FractalFreak]

“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.

[FractalFreak]

“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

[Tim Tim]

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

[ImpliedOdds]

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?

[Tim Tim]

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.

[Wesley Otto]

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

[ImpliedOdds]

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…

[ImpliedOdds]

I’ve had the same challenges. Lmk if you have an email or discord I can send a message to. Thx

[Tim Tim]

yes send me an email on timtimfx@gmail.com and we can figure out how to communicate

[Wesley Otto]

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. wesley@anchor-surveys.com

Thanks

[Author]

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