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"Closing the Quarter: Reflecting on a Quarter's End in Trading"



Day 139 (Week 39 Year) - Week 13 of 3rd $25k Run

As we conclude Week 13, it marks the end of a significant quarter in our third $25,000 challenge. Let's review the latest figures and reflect on the progress we've made.

Signals:
With a total of 784 signals received, we've celebrated 619 wins and faced 165 losses. It's important to reiterate that stop losses continue not to be employed for our signals, showcasing our steadfast confidence in our strategies.

Average Risk/Reward Ratios:
Our dedication to effective risk management remains steadfast. Here's the breakdown:

1. T1: With a commendable 78.91% win rate, T1 signals offer a 3:1 Risk/Reward ratio.
2.  T2: T2 signals maintain a 67.47% win rate and a 2:1 Risk/Reward ratio.
3.  T3: T3 signals hold a 60.07% win rate with a 1:1 Risk/Reward ratio.

Based on our system, we remain profitable at a 50% win rate while playing with a 1:1 Risk/Reward ratio.

FITM: It's crucial to reiterate that while we've seen 377 wins in this category, holding until EXPIRY is NEVER advised, and they come with a 48.08% success rate.

Weekly and Monthly Results: This past week was marked by resilience, boasting a 76.47% win rate with 17 wins and 5 losses. Zooming out to the monthly scale, we achieved an 80.00% win rate with 48 wins and 12 losses.

Long-Term Success:
Over the past 5 years and 2 months, our average win rate stands strong at 80.73%. This consistency is a testament to our unwavering dedication to our trading strategies.

Financial Progress:
Having started 13 weeks ago with $1,000.00, we've witnessed incredible growth. Currently, we stand at $21,497.00. Although we fell slightly short of our goal for the quarter, missing the $25k mark by $3,503.00, we're immensely proud of the results achieved.

Upcoming Quarter: Starting on October 2nd, 2023, the 4th quarter will commence with a starting capital of $5,000.00, a shift made to account for increased bid/ask spreads. This adjustment was noted late last year, but we chose to stick with $1,000.00 to demonstrate the effectiveness of our strategies. The results have only improved, moving from an average win rate of 77.10% to today's remarkable 80.36% average over 5 years and now three months. Demonstrating the effectiveness of the employed strategies.

Today's Signal P&L:
We concluded the day with a signal profit and loss of $1,113.00, underscoring our ability to navigate the markets adeptly.

Weekly and Monthly Signal P&L:
Taking a broader view, our weekly and monthly signal profits and losses stand at $3,351.00 and $9,496.00, respectively.

Total Signal Profit YTD: Starting with $1,000.00, we've achieved an impressive YTD total signal profit of $68,496.00.

 As we embark on the next quarter, we're excited about the opportunities and challenges it will bring. Stay tuned for more updates on our progress. Happy trading!






Originally posted by Trading Friends Forex Education via Locable
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