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"Bouncing Back: Turning Losses into Gains in Week 5 of Our $25k Challenge"



Opening Statement:
Entering the second month of our fourth $25,000 challenge, we find ourselves at a pivotal moment - Day 159 of Week 44. This journey is characterized by unwavering dedication and an unyielding commitment to our strategies. Come with us as we analyze the latest data and prepare for the road ahead.

Signal Performance:

Since the start of the year, we've meticulously dissected 902 signals, culminating in an impressive 706 wins and 195 losses. Our approach, which eschews stop losses, reinforces our confidence in our strategies.

Risk/Reward Ratios:

T1 Signals: Sporting a 78.27% win rate, these signals offer an enticing 3:1 risk/reward ratio, classified under either T1 or full loss.

T2 Signals: Showcasing a 66.96% win rate, T2 signals deliver a 2:1 risk/reward ratio, falling into either T2 or full loss.

T3 Signals: Functioning at a 59.86% win rate, T3 signals bring a 1:1 risk/reward ratio to the table, falling into either T3 or full loss.

It's worth noting that signals do not employ a stop-loss strategy. Incorporating a strategic stop loss can enhance these target percentages. Regardless of stop loss usage, profitability is achieved at a 50% win rate at each target when utilizing a risk-reward ratio of at least 1:1.

FITM Category:

Despite securing 434 wins in this category, holding until expiry is never advised, resulting in a success rate of just 48.04%.

Weekly and Monthly Results:

The last signal trading day of the week and the second trading day of the month have displayed commendable resilience, with a 69.23% win rate for the week and a 70.00% win rate for the first 2 days of November.

Long-Term Success:

Over the last 5 years and 4 months, our win rate has consistently remained robust, averaging an impressive 76.875%. This ongoing performance underscores our unwavering dedication to our trading methodologies.

Signal Financial Progress:

Since the challenge's inception on October 2nd, 2023, with an initial investment of $5,000.00, we've made commendable strides, now at $11,709.00. Starting with a low number and scaling up your 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 wrapped up with a gain of $1,025.00. Our objective is to incrementally grow our account while mitigating overall risk, all while maintaining a watchful eye on our daily draw-down. Today's performance in this new month was exceptional, managing through both planned and unforeseen events. It's vital to keep in mind that we're running a marathon, not a sprint, always keeping the long-term goal at the forefront.

Weekly and Monthly Signal P&L

Anticipating the future, our weekly and monthly signal gains currently total $1,958.00 for the week. November commenced with a demanding first day, resulting in a loss of $227.00. As of today, our monthly profit stands at $798.00, a mere two days into the month.

Total Signal Profit YTD:

Starting with $1,000.00, we've achieved an impressive year-to-date total signal profit of $75,220.00.

Conclusion:

We're eager to continue this journey, embracing each challenge that comes our way. Stay tuned for more updates on our progress. Happy trading!

Coach David


























Originally posted by Trading Friends Forex Education via Locable
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