yes guys welcome back to another video and in this one it's going to be slightly different obviously we've got the face cam for this one but we're going to be getting into something that I think a lot of people have been asking me especially my DMs even in the free Discord group as well why is it that people go for mechanical strategies now throughout this entire thing I'm going to explain basically how you actually get to that point where everything is as mechanical as possible and what the benefits are as well so let's start off with what it actually is and when it comes to a mechanical strategy it is very simple essentially what you're going to be doing is sticking to a set of rigid rules now when it comes to this why is it that we have this type of thing now remember when it comes to trading there's two types there's going to be the trading with discretion and there's going to be trading with autonomy now when it comes to this essentially what are the benefits and what are the uh disadvantages of both of them with discretion of course there are many more opportunities in the market essentially you're going to be having a a framework of rules that you are going to be sticking by but you don't stick to them every single time that when it comes to an autonomous strategy or a mechanical strategy it's something that you stick to literally by the books now where would I fit myself to be honest I build everything on an autonomous strategy especially now with the whole new age of AI trading as well and what I'm introducing this is the type of thing that I want to stick to why because it makes it a lot simpler in the markets and you can also understand your strategy very very well to a high degree so obviously we're going to be getting into the second bit essentially it's understanding which place would you actually rather put yourself now many ICT Traders for example you know there's different ways that you can go about it you can understand his rules and Concepts and simply just put it into a strategy and basically apply it or for example you could stick to a set of rules such as the Silver Bullet method such as you know a few of the other ones that he's implemented and essentially just stick to it you know word by word so it's going to be up to you what you decide to do but if you do decide to take the autonomous route and really go down into mechanical strategies here is the next task essentially there's going to be five things that you're going to have to do or I think four things that you're going to have to do number one understand the knowledge now when it comes to understanding the knowledge what I mean by this is for example you understand your ICT Concepts your SMC Concepts anything that you might learn on my Channel or anything like that essentially the second part is going to be actually putting it into a strategy that fits on one page now what do I mean by this this is something that I've talked about recently when I went on a podcast with done Dan Chong if you do know wannabe champ uh this is something that we were discussing can you actually fit your strategy in simply just a few lines you know what I say here that fits on one page I'm going to reduce that that fits in a few simple lines so what do I mean by this if you have your strategy and you're able to explain it to a complete beginner in simply just a few words you literally have something that you can stick to if you feel like it it's more complicated than that then you definitely need to refine it and get to a stage where you're going to have to you know uh simplify as much as possible so for me for example I have about five steps that I have in my entire thing and literally back in the day especially when I was starting out with the elite strategy um I literally had it all at one sheet and every single time I would enter the trade I'd stick to it word by word thirdly is actually going to be back testing Now by back testing I do not mean simply just going on um simply just going on trade and View and looking at some trades that have happened in the past and you think in your head okay maybe I would have taken it maybe I wouldn't have by back testing I mean live back testing and the whole point of that is actually being able to pretend you're in the live markets so remember when it comes to back testing the only problem that people usually find with tradeing view is there's that idea that you know you've seen what the markets have done before and obviously now you're judging would I have entered would I have not when it comes to live back testing and using uh programs such as FX Replay by the way I should have a discount code down below and obiously you can sign up with that honestly a lot of benefits with it this is how I constructed my own uh Elite strategy as well trust me when I tell you FX replay was one of the goats when it comes to back testing softwares and by this we're going to have to take it a step further so when we think about back testing not only do I mean just standard back testing you're actually going to take this to the next level back test so focus on one currency pair for at least 2 years the reason I say this is simply because when it comes to actually focusing on it and you know really get into the Crux of it all trust me when I tell you you will have a very good understanding of your strategy at least for that one pair me personally when it comes to my Elite strategy we've been able to com uh to make it up to an 80% win rate over four years of data and all of this has been proven by the way guys in the in the free Discord by the way join it it's completely free to join you know a lot of benefits here I always send out my public uh public analysis here even when it comes to any bonuses whether it's the free course whether it's free PDFs you guys have full access to it here and I do not even charge a penny at all trying to bring as much value as possible but you look you can see the results all over here and by the way when I say FX replay is literally the goat of back testing softwares this is why have a little look at this when we did our back testing essentially we got up to an average of an 81% win rate on all our results as you can see starting from the year 2020 all the way up to the end of 2023 each time 6 months at a time so you can kind of see the win rates they range from 73% all the way up to 87% an average 81 average 3.69 risk to reward per trade and then as an average monthly return 14.5% a month now as you can understand when it comes to funding challenges you know usually back in the day you'd have to get 10% in a month now there's no time limit but again you're aiming for that 10% or the 8% depending on the funding challenge but yeah how did we actually accumulate all of these results and it's simply by using the software as you can see 73% win rate and essentially we manually Mar these down you know when it comes to each month for example you can see four wins one break even two losses four wins Two Break Even zero losses all that kind of good stuff has been marked up and you can see over here obviously it's put in the year from 1970 we tested it obviously as you know from 2020 um but yeah you even get the metrics of what's your average risk of reward what's the average or the max risk of reward that you would have gotten on trades all that kind of good stuff and this has been repeated over and over again and every single one of them is not something where you can look back in the markets and change your results these are actually live back tested so you can't fake these results that's the type of thing that I'm talking about how do we get to that mechanical strategy first of all you have to understand the knowledge secondly put it into a strategy that you can fit in a simple few lines once you get that you're going to be good to go when it comes to back testing focus on one currency pairs for at least two years we did this on GBP JPY we've done this on gbpusd and now more recently on EUR USD but to a higher degree so what is the next part over here it's all going to be about refining your strategy and improving so you obviously would have your first initial data sets from the back testing results now when it comes to all of that as you can understand as you can understand you're going to have your initial uh numbers so for example and I'll give you a little backstory on my own Elite strategy as well I introduced it last year and I was working on it by myself without all the other mentors uh for a good few months at that point I had reached I believe a maximum 72% win rate and usually it ranged around 60 to 70 so as you can understand it's come quite a long way since then even within a year now essentially at first you're going to get your initial strategy sort of results or whatever and eventually you're going to see how can I actually improve it one of the ways that we actually improved our and I'll give you a little insight was sticking to the trend and that's one of the most important things sticking to the direction of the market you will never go wrong obviously unless you complicate your entry models and all that kind of stuff that's a different matter but for now stick to these types of things so you've got step one understanding the knowledge putting the strategy into the uh into a few lines back testing refining your strategy and improving by the way that also brings you back to more back testing eventually when you feel like you're actually at a good level you're now going to test it on the markets and and what I mean by this either you start out with demo or low funds so this could be a low a low funding challenge could be a 5k account 10K you know 50k whatever is a good amount for you that you do not mind risking stick with that in the beginning and then finally the last point is going to be you you are now ready so when it comes to all of this why is this now mechanical the reason is because once you have everything that is set line by line you know when it comes to my own Elite strategy as well I have five simple steps these are the core values that stick to every single time when it comes to the further steps from that I have a few other confirmations that I stick to from time to time but it's these five steps that I always look at and if my trade doesn't align with these steps then I will not enter I'll just bring you through a few of my recent trades um let me just have a quick little look and you can see all of my trades by the way journaling trust me when I tell you is one of the most important things that you can actually do um and I'll give you a few examples of the trade Recaps that we've actually done over here okay cool so this is it let me just get into the other screen all right cool so these are pretty much these are pretty much all of the trades these are pretty much all of the trades that we have been in in this one is in April so we're starting off with April as you can see with every single trade I have a very clear explanation of why I sent it in especially with some of the other mentals as well as you can see very very clear explanations with each and every single time it's following the set of rules trust me when I tell you once you've got a mechanical strategy that actually works for you in the long term you could actually see the results if we calculate everything over here minus one so that's 2 R 6.5 R 7.5 and we've got 11.5 um we've got 14 16 15 so in a whole month of trading 15 risor reward on simply just sticking to a set of rules again even when it comes to this month as well these are the types of Trad we've been in one of them four RTO reward break even and a 0.5 RTO reward loss and by the way guys every single one of these has been actually sent in into the group so you can literally look at the receipts of every single one and every single one has been sent out live and yeah none of these are forged everything has been sent out but yeah guys I think that's going to be it wrapping up the mechanical strategy and how to actually get into it if you have ever considered getting into a mechanical strategy I have got my links down below for the for the whole strategy down below trust me when I tell you I'm leaving it at this price for now for the $49.99 offer but very very soon I'm going to be getting rid of it especially when I introduce all the AI trading that's coming out very very soon but yeah guys that's going to be it for me take care and I'll see you all in the next one