My Prop Firm Strategy Testing Ground. - Investment - Nairaland
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| My Prop Firm Strategy Testing Ground. by Donsheddy: 7:53am On May 15, 2023 |
So I'm testing out this strategy... Gbpusd... With R. rR of 1:2 46 pips stoploss And 93 pips take profit.... Pair gbpusd only... Trade can only be closed manually at 8 pm Nigeria time 2 Likes |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:55am On May 15, 2023 |
First trade bought gbpusd today Joined at 1.24704 Stops 1.24244 Takes 1.25634 Rrr 1:2
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 10:24pm On May 15, 2023 |
Donsheddy: DAY 1. TRADE CLOSED MANUALLY WITH 56 PIPS PROFIT 0.56% 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:54am On May 16, 2023 |
Second trade... Im selling gbpusd at 1.25161 Stoploss at 1.25620 And take profit at 1.24230
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:14pm On May 16, 2023 |
Donsheddy: DAY 2 TRADE CLOSED MANUALLY AT 1.24830 That is 33.1 pips Profit 0.331% profit made. 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:04am On May 17, 2023 |
Donsheddy:
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 10:26pm On May 17, 2023 |
[quote author=Donsheddy post=123182737][/quote] DAY 3 DONE TRADE WAS CLOSED MANUALLY WITH MINUS 15 PIPS LOSS.... -0.15% 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:11am On May 18, 2023 |
DAY 4 Sold gbpusd today at... Entry 1.24753 Stoploss 1.25213 T.p 1.23800 Rrr 1:2 1 Like
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:23pm On May 18, 2023 |
Donsheddy: Day 4 Trade Closed Manually with 77 pips profit... $77 0.77% profit 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:18am On May 19, 2023 |
DAY 5. Bought Gbpusd. Entry 1.24050 Stoploss 1.23590 Take profit 1.24980 Rr 1:2 [color=#990000][/color]
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:10pm On May 19, 2023 |
Donsheddy: Day 5 Trade Closed Manually With 63 pips profit 0.63% $63 profit 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:51pm On May 19, 2023 |
End Of Week 1 Result 5 trades this week. Day 1 - 56 pips profit Day 2 - 33 pips profit Day 3 - Minus 16 pips loss Day 4 - 77 pips profit Day 5- 63 pips profit Total profits 56 + 33 + 77 + 66 = 226 pips profit Total loss = -16 pips Closing profit = 229 - 16 = 210 pips profit Risking 0.46 % per trade with 0.1 lots... Profit for the week = 2.10% Max. Profit attained this week. = 2.10% Max loss in a row = - 0.16% D. D from initial starting balance = -0.35% 5 Likes |
| Re: My Prop Firm Strategy Testing Ground. by infofirst(m): 11:14pm On May 19, 2023 |
👌👍👍👍👍👍 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 7:22am On May 20, 2023 |
Donsheddy:Nice concept bro. I dey follow you gidigba. It seems you're not strictly following your closing time. You're over riding your strategy here I think because, I noticed that day 2, 4 and 5 were not close at exact 8pm. Any reason for that? Or are my the one missing something here? Keep it up bro. 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:44am On May 20, 2023 |
BrightFuture48: No exact reason... I just noticed the moves where done... Like day 5. I closed Early cus it weekend and the market wont do much from that time... Day 4 i been dey watch match I forget say i get running trade 😂 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:45am On May 20, 2023 |
| Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 10:08am On May 20, 2023 |
Donsheddy:Okay I see. There was a time I did something similar but that was when I was just starting trading. I will go to cybercafe in the morning place trade with tp and sl then come back in the evening around 5 pm to check my my trades, it was fun. While that seems like disadvantage then it was what I am struggling with now, ability to wait till trade mature to it's fullest. Ease access thru phone is what I am try to curtail now thru this kind of your strategy and discipline but is very difficult seeing profit then evaporating again lol. 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 11:33am On May 20, 2023 |
BrightFuture48: Very difficult... But like my boss will say... Thats why I want to instill that discipline into my system... Chasing the market up and down... Doing same thing over and over again hasnt given any result so i say make i change... I have to accept that losses is part of the game.... Any profit wey never hit tp no be me get.... And then ive come to understand that market doesn't move in a straight line.... It goes up come back down to breathe and continue the move up.... All im seeking is to be profitable at the end of every week... No matter how small... Even if i end the week in losss it shouldbt massive 3 Likes |
| Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 12:15pm On May 20, 2023 |
Donsheddy:Good! I think that mental preparedness in your last paragraph is good because you wouldn't be emotionally involve to much again in your trades. Let see how this week pans out following this approach. Any strategy that will inculcate patient is really needed. Best of luck. 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 12:19pm On May 20, 2023 |
BrightFuture48: Thanks bro.. That's the whole game plan... To eliminate emotions completely... |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:14am On May 22, 2023 |
Day 6 Happy New Week... Riding Gbpusd Bears Today... Entry - 1.24455 T.P - 1.23520 Sl - 1.24920 Rrr 1:2 1 Like
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:09pm On May 22, 2023 |
Donsheddy: DAY 6 TRADE CLOSED MANUALLY WITH+9 pips profit +0.09% +9$ |
| Re: My Prop Firm Strategy Testing Ground. by waze63(m): 10:26pm On May 22, 2023 |
Donsheddy: Baba I'm a newbie, I really want to learn. My problem Is most times I get confused using the top and down analysis when I see the higher time frame saying one thing and coming to lower time frame I start seeing different trend. I just get confused about what decision to make then, this is my challenge Please Teach me ur strategies abeg. 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:33am On May 23, 2023 |
DAY 7 STILL ON GBPUSD BEARS I ENTERED AT 1.24300 STOPS AT 1.24760 TAKE PROFIT 1.23365 RRR 1:2. ITS EITHER SL OR TP UNTIL 8 PM
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:52pm On May 23, 2023 |
Donsheddy: Day 7 Trade was closed manually with 18 pips profit +0.18% $18 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:36am On May 24, 2023 |
Day 8... Got a better entry... Sold gbpusd Entry 1.24625 Take profit 1.23690 Stoploss 1.25085 Rrrr 1:2 See you guys by 8pm 1 Like
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 11:33am On May 24, 2023 |
Donsheddy: TAKE PROFIT HIT . 93 PIPS .. 0.93% $93 |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 3:21pm On May 24, 2023 |
waze63: My boss im still learning oh... But i trade using price action ... Asin market movement, behavior and reaction... I prefer to jump in before the start of London session or at the start of London session 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by waze63(m): 5:40pm On May 24, 2023 |
Donsheddy: Great... Wondering if you could help teach me one or two Thanks 1 Like |
| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:11am On May 25, 2023 |
STILL WITH GBPUSD BEARS TODAY... SOLD AT 1.23592 SL 1.24052 TP 1.22659 RRR 1:2
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| Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:21am On May 25, 2023 |
waze63: Start with babypips any where you have questions ask me i will profer answer's |
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