15 Comments

  1. January 8, 2019 at 5:21 pm — Reply

    This has been great for someone new like myself. I finally have a starting area from watching these videos. The transition from the Weekly to the Daily after you identify/distinguish between trend and consolidation was a great help.

    • January 8, 2019 at 8:37 pm — Reply

      Glad that was useful, Moshe! Great job going through the course!

  2. January 8, 2019 at 9:29 pm — Reply

    Hi Etienne,
    Great 2018 videos and great Bollinger Band modules. I have shared your YouTube clips with many Australian friends. Just inquiring what your process from
    trading view to setting up a trade on your broker eg…. IC markets ?

    Do you just copy and paste your Short and Low levels from trading view and enter them on your MT4 platform ?

    • January 9, 2019 at 2:10 pm — Reply

      Hi Kim, I enter my trades on TradingView by connecting it to Oanda. So all my info is in one place :)

      Wise move on going through the course!

  3. March 27, 2019 at 5:42 am — Reply

    Please can you clarify more about the win/loss rate of this strategy?

    My doubt is this:

    You mention taking profit at 1 to 1 and then again at 2 to 1. If you close half of the initial position at 1 to 1 and the other half a 2 to 1, your reward/risk would be 1.5 (0.5*1+0.5*2=1.5)

    With 40% win/loss as you mention: 40 winners * 1.5 – 60 lossers * 1 = 0

    Cheers

    Francisco

    • March 29, 2019 at 12:00 am — Reply

      Hi Francisco,

      The 40-48% win rate is when taking profit at R=1 and R=3. That gives you 2R.

      When excluding the break-even trades, you’d need to get > 33% win rate to make a profit.

      If you decide to do R=1 and R=2, you’ll get a slightly higher win rate. I can’t say for sure, because when I traded this way, I was also moving my stop loss to breakeven. My win rate was around 65%.

      Hope that helps!

  4. September 11, 2019 at 7:36 am — Reply

    When you put 2 take profits do you mean open 2 positions on the trade and have 2 take profits or just have one position and close half when it reaches TP1 and let the rest run

    • September 11, 2019 at 1:50 pm — Reply

      Hi Bradley,
      This can be either way. It is easier to split the risk of the trade into 2 orders and place them with 2 TPs.
      But alternatively, you can make it into 1 single larger trade and take 1/2 off once it reached TP1.

      Both options work, but we have found out that placing 2 separate trades make things easier as you may not be awake or at the charts when the price reaches TP1, so by placing 2 orders with different TP each the platform manages the closing at the desired price automatically.

  5. November 19, 2019 at 3:28 am — Reply

    Hi Etienne,

    To be honest, I prefer high winrate than high RR over long term, because it builds my confidence.

    If I change T1=1R and T2 =2R, which would have higher expectancy than T1=1R and T2 =3R.

    Thanks in advance

    • November 19, 2019 at 4:22 am — Reply

      Hi Enggar,

      I understand that a higher win rate makes people confident but it may also be less robust.

      As for the change you propose, we don’t have all the stats for all the pairs so we cant tell you if it will be better or worst for all.

      In general, decreasing the TP2 r:r will deliver worst results long term.

      In my testing, with my zones for EURUSD its better to have a smaller R:R with higher win rate, but in other pairs like USDCAD a larger R:R was even better on the past 10 years of data.

      As you can see what is better for each pair is different and also will depend on how you filter the setups, if you use trailing SL and so on.

      We encourage you to test this using a backtesting software so you can see for yourself what would work best in real live trading. (you must consider not only the stats but your personality too for deciding what is best for you)

  6. April 21, 2020 at 11:53 am — Reply

    Thank you for this! I was thinking. After you hit TP1, do you move your SL to breakeven or not ?

    • April 21, 2020 at 10:51 pm — Reply

      That depends on the strategy. If price is likely to pull back to your entry (usually in the case of a reversal trade), then I’m not moving the S/L. For a breakout or a trend trade, then you can move your S/L once you reach TP1 in most cases.

  7. May 3, 2020 at 2:20 pm — Reply

    Hi Etienne,
    This is a great strategy.

    Would you consider leaving the trade open after having locked in 1% profit? I have backtested a bit and could see in some trades the potential of gaining more than 3% on a single trade. Then perhaps closing the trade manually at some point or when indication for reversal rise up.
    What would your take be on this approach?

    Great stuff!

    • May 4, 2020 at 4:40 am — Reply

      Hey Oscar!

      Congrats on making your way through the course!

      This is a reversal strategy, which means we are typically looking for lower reward-to-risk than trend strategies. For that reason I’m preferring a tighter take-profit (2-3R).

      That being said, the win rate on this strategy at R=1 (1%) is between 47% and 53%. We’re mainly locking profit here but not making money. That’s why we need these 2R and 3R trades to make money. So for that reason I’d encourage you to go for higher target but only if the context allows for that.

      We’ve also tested exiting on opposite signals and that seems to work well on many pairs.

      I hope that helps!
      Etienne Crete

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.