Get a demo Sign In

"Milestone Momentum: Week 5 of Our 4th $25k Challenge"



Day 157 (Week 44 Year) - Week 5 of our 4th $25k Challenge

Today marks a significant milestone - Day 157 of Week 44, concluding the fifth week of our ongoing $25,000 challenge. With renewed vigor and unwavering commitment to our established strategies, let's delve into the latest figures and set the stage for what lies ahead.

Signals Analysis

Year to date, we've processed and analyzed 892 signals live, resulting in an impressive 699 wins and 193 losses. Our steadfast approach, excluding stop losses for signals, reaffirms our confidence in our strategies.


Risk/Reward Ratios

T1 Signals:
Showcasing a remarkable 78.36% win rate, these signals offer an enticing 3:1 risk/reward ratio. They fall under either T1 or full loss.

T2 Signals: With a win rate of 67.04%, T2 signals present a 2:1 risk/reward ratio. These signals demand a touch more skill, balancing lower risk with higher reward, falling under either T2 or full loss.

T3 Signals: Operating at a win rate of 59.86%, T3 signals come with a 1:1 risk/reward ratio. This level calls for mastery, where you risk dollar-for-dollar. They fall under either T3 or full loss.

*Members targeting T3 have completed phase 4, achieving a win rate exceeding 77% by implementing a Stop Loss strategy. Again, signals do not employ a Stop Loss.

FITM Category
It's imperative to underscore that despite achieving 429 wins in this category, holding until expiry is never advised. By doing so, you observe a success rate of just 48.09%

Weekly and Monthly Results

The 2nd trading day of the last trading day of the month has showcased commendable resilience, with a 75.00% win rate for this week and a 73.39% win rate in October.

Long-Term Success

Throughout the last 5 years and 4 months, our win rate has consistently remained robust, averaging an impressive 76.875%. This ongoing performance, which is adjusted monthly, highlights our unwavering dedication to our trading methodologies. We start a new month tomorrow.

Signal Financial Progress

Since the inception of this new challenge on October 2nd, 2023, with $5,000.00, we've already made commendable strides, now at $10,956.00. This marks a promising start to the quarter. Starting with a low number of contracts amplifies the challenge, making discipline all the more pivotal. Today was our 1st day trading 5 contracts with 2 months left in the last QTR.

A Look Back

Reflecting on past challenges, we've witnessed the evolution of our strategies. The first run to $25k was accomplished in 12 weeks, culminating in a total of $25,084.00. The second run concluded in Week 13 at $22,315.00, falling short of the goal by $2,685.00. The third run, which concluded at $21,497.00 in Week 13, was just shy of the mark by $3,503.00.

Today's Signal P&L

The day concluded with a profit of $800.00. As we conclude this tricky month, we aim to slightly increase our account while lowering our risk, all while being mindful of our daily draw-down. Mission Accomplished!

Weekly and Monthly Signal P&L

Looking ahead, our weekly and monthly signal profits stand at $1,160.00 for the week and $5,966.00 for the month of October.

Total Signal Profit YTD

Starting with $1,000.00, we've achieved an impressive year-to-date total signal profit of $74,422.00.

We're excited to embrace this new challenge and look forward to sharing more updates on our progress. Happy trading!

Coach David
















Originally posted by Trading Friends Forex Education via Locable
Trading Friends Forex Trading Group

4.9 (18 Reviews)
Trading Friends Forex Trading Group

704-202-1730
www.tradingfriends.org

Mon, Tue, Wed, Thu 7:00am-11:00am