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Upcoming AI features and potential price changes for the strategy.
Mechanical strategies offer clear guidelines and can improve trading consistency.
Start small and grow your strategy as you gain confidence.
Examples: 5k, 10k, 50k accounts.
Focus on one currency pair for at least 2 years.
Proven track record with 80%+ win rates over 4 years of testing.
Step 2: Create a simple, concise strategy.
Step 1: Understand the knowledge (ICT/SMC concepts).
Mechanical Trading: Fully autonomous, rules strictly followed.
Discretionary Trading: More opportunities, uses a framework of rules but not strictly adhered.
Call to Action: Links provided for more information, strategies, and joining groups.
Final Tips:
Presenter’s Example: Clear explanation and documentation of all trades.
Importance: Documenting trades helps in reviewing and improving.
Proof of Success: Presenter’s trades showing high reward-to-risk ratios and consistency.
Mechanical Strategy Advantages: Make simpler decisions, stick to a proven plan.
Transition from Back Testing: Move to live markets with demo or low funds.
Example: 60-70% win rate improved to 72% initially, then to 81% win rate.
Implement Adjustments: Continuous improvement through data.
Refinement: Stick to core steps, e.g., trend alignment.
Initial Data Collection: Collect data through back testing.
Software: FX Replay recommended (discount code available).
Not Just Simulation: Live back testing is crucial.
Importance of Simplicity: Easier to stick to and teach.
Example: Presenter's 5-step strategy summarized on one sheet.
Strategy Formation: Make it simple enough to be explained in a few lines.
Choosing Autonomous Route:
ICT Traders: Apply various methods like the Silver Bullet method.
Presenter’s Preference: Autonomous strategies using AI for simplicity and better understanding.
Types of Strategies:
Definition: Adherence to a set of rigid rules in trading.
Topic: Mechanical trading strategies.
Recording: This lecture includes a face cam.
Conclusion
Journaling Trades
Key Takeaways
Live Testing
Improving Strategy
Back Testing
Creating a Strategy
Understanding Mechanical Trading
Why Mechanical Trading Strategies?
Introduction
Mechanical Trading Strategies Lecture