Get a demo Sign In

"Charting a Course to Success: Week 2 of Our 4th $25k Challenge"



Day 144 (Week 41 Year) - Week 2 of our 4th $25k Challenge

 Today, we commemorate Day 144 of Week 41, as we begin week 2 of our fourth $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:
This year so far, all members viewed a total of 811 signals, resulting in an impressive 641 wins and 170 losses. It's imperative to reiterate our steadfast approach, excluding stop losses for signals, which reaffirms our confidence in our strategies.

Average Risk/Reward Ratios:

T1 Signals: Showcasing a remarkable 79.03% win rate, these signals offer an enticing 3:1 risk/reward ratio. It's crucial to recognize that these signals fall under either T1 or full loss.

T2 Signals: With a win rate of 67.69%, T2 signals present a 2:1 risk/reward ratio. These signals demand a touch more skill, balancing lower risk with slightly lower reward. T3 Signals: Operating at a win rate of 60.17%,

T3 Signals:
come with a 1:1 risk/reward ratio. This level calls for mastery, where you risk dollar-for-dollar. At this stage, an enhanced skillset and mindset can lead to surpassing the win rate and monetary gains. Always remember, that no stop loss is employed for any of the signals.

Based on our system, we maintain profitability at a 50% win rate while adhering to a 1:1 risk/reward ratio.

FITM: It's imperative to underscore that despite achieving 394 wins in this category, holding until expiry is never advised. This strategy carries a success rate of 48.58%.

Weekly and Monthly Results: As of day 1 of the second week and month, we have achieved a solid 100% win rate for the week and 78.59% for October so far.

Long-Term Success:
Over the past 5 years and 3 months, our average win rate stands strong at an impressive 80.36%. This consistent performance underscores our unwavering dedication to our trading strategies.


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 standing at $6,126.00. This marks a promising start to the quarter. It's crucial to remember that starting with a low number of contracts amplifies the challenge, making discipline all the more pivotal.

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 $400.00, setting a positive tone for the first signal day of the week. As we approach our halfway mark of the month our goal is to increase our reward while lowering our risk while being mindful of our daily draw-down.

Today's Signal P&L: The day concluded with a profit of $400.00, setting a positive tone for the first signal day of the week. As we approach our halfway mark of the month our goal is to increase our reward while lowering our risk while being mindful of our daily draw-down.

Total Signal Profit YTD:
Starting with $1,000.00, we've achieved an impressive year-to-date total signal profit of $70,022.00.

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