From Backtesting My Strategy To $100K In 4 Months — Transcript

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1. 0:00The man behind FX Replays viral back
2. 0:02testing video of my strategy decided to
3. 0:04join my mentorship and work with me.
4. 0:05He's been with me for four months now
5. 0:06and he just hit $100,000 in profit
6. 0:09payouts. Today I want to talk with him
7. 0:10about what he learned in the mentorship
8. 0:12that he was not able to find out while
9. 0:13back testing my strategy. Could you go
10. 0:15ahead introduce yourself really quickly?
11. 0:16>> You might recognize me from FX Replay
12. 0:19videos. I worked with them for a little
13. 0:20under two years testing all kinds of
14. 0:22different strategies. You know, people
15. 0:23made claims they'd made seven figures.
16. 0:25We would put the strategy to the test,
17. 0:27get some data on it. My name's also JJ
18. 0:30for those of you that didn't know. You
19. 0:31might also know me as Ox Fibonacci from
20. 0:34from Discord. But yeah, excited to kind
21. 0:36of share my journey so far a little over
22. 0:38four months into the mentorship.
23. 0:40>> Yeah, 100%. Well, I appreciate you
24. 0:41coming on really quickly. Could you talk
25. 0:42a little bit about what your prop firm
26. 0:44trading was like? Obviously, you're very
27. 0:45analytical in terms of your trading, but
28. 0:47what was your prop firm trading like
29. 0:48before working with me?
30. 0:50>> Yeah, so um I've been trading prop firms
31. 0:53um for several years. Um, I remember
32. 0:55buying them way several years ago before
33. 0:58I should have been. You know, getting
34. 0:59access to a lot of capital for for a
35. 1:01little bit of money seemed like a
36. 1:03no-brainer. Um, but obviously there's a
37. 1:05lot of challenges and things you got to
38. 1:06work through that. So, I did really well
39. 1:08with CFDs um, propers before they um,
40. 1:11kind of banned everyone from the US. I
41. 1:12think my best month was January of 2024.
42. 1:16I did like 40K in a single month, but
43. 1:18then like the following month they nuked
44. 1:20>> all of those accounts. Lost like seven
45. 1:21figures of funding. and had to kind of
46. 1:23make the transition to futures and from
47. 1:26a combination of kind of figuring that
48. 1:27out but also like being super busy
49. 1:29testing a lot of strategies trying a lot
50. 1:31of different things. Um I you know I'm
51. 1:32obviously a lot more rules on the on the
52. 1:34future side. I I would say for the most
53. 1:37part like on my future side it was a lot
54. 1:39more boom bust you know slightly in the
55. 1:41red um since making that transition
56. 1:43until I started working with you
57. 1:45>> 100%. Now, you have a lot of data,
58. 1:47obviously, back testing a bunch of
59. 1:48strategies, back testing my strategy,
60. 1:50and you had a positive win rate with my
61. 1:52strategy, but why did you decide to work
62. 1:54with me instead of just using the
63. 1:56strategy on your own?
64. 1:58>> Yeah. So, I think um it was a number of
65. 2:02reasons. First of all, I obviously liked
66. 2:04your kind of intellectual background.
67. 2:05I'm an actuary as well, so lots of
68. 2:08number math, Excel sheets. I appreciated
69. 2:10kind of the mathematical approach um
70. 2:12that you take in terms of managing
71. 2:14accounts, risk management, all that
72. 2:15stuff. And also um yeah, I just uh I had
73. 2:18a mentor in the past that didn't go so
74. 2:20well um and really wanted to have
75. 2:23someone like really kind of help coach
76. 2:25me, you know, work through things. Um
77. 2:27specifically obviously with your model,
78. 2:29um it's going to be a lot easier to
79. 2:30learn from the source than trying to put
80. 2:33pieces together um over time. And yeah,
81. 2:35I think uh what gave me confidence to
82. 2:37really like pull the trigger was um you
83. 2:40know, seeing just super transparent
84. 2:42proof, refreshing pages, payouts,
85. 2:43payouts, payouts. Like there's no
86. 2:45question that you were making what you
87. 2:47claim to make. And also seeing several
88. 2:49students of yours um seeing similar
89. 2:51results. Um and I was like, "Okay, like
90. 2:52this seems like he's helping others kind
91. 2:55of do the same thing and I like it makes
92. 2:57sense like from a math perspective." So
93. 2:58I was like, "Let's let's just do it and
94. 3:00see what happens."
95. 3:01>> Yeah, 100%. Is there anything that you
96. 3:03thought about me that turned out to be
97. 3:05not true when you ended up joining the
98. 3:07program? Me, my strategy, my approach,
99. 3:08anything.
100. 3:10>> Um,
101. 3:12I don't know if there's anything that I
102. 3:14had like a over expectation that wasn't
103. 3:17delivered. I think I've learned that and
104. 3:20we'll talk a little bit more about this
105. 3:21later, but I've learned that like you
106. 3:23definitely don't have to like use your
107. 3:24model specifically for in order to to do
108. 3:28well with your kind of risk framework.
109. 3:30So, that's kind of one thing I think a
110. 3:31lot of people don't realize. Um, maybe
111. 3:33they see your model as too simple or or
112. 3:36for whatever reason don't like it. And I
113. 3:37think
114. 3:38>> I've definitely confirmed that like you
115. 3:40don't have to use that to still like
116. 3:42benefit from a lot of the other aspects
117. 3:43of your training.
118. 3:44>> Yep. So, to be clear, you trade your own
119. 3:46strategy
120. 3:48>> for the most part. Yeah. I mean, I've
121. 3:49been journaling everything. I think it's
122. 3:51probably somewhere around 75% of the
123. 3:54trades I take are kind of my own models
124. 3:57background. obviously kind of got my
125. 3:59masters in technical analysis from
126. 4:01>> the FX replay stuff. So, pulling in a
127. 4:03lot of confluences and and knowledge
128. 4:05from that, but still using some of the
129. 4:08the things you teach in terms of fair
130. 4:09price and, you know, especially the
131. 4:11funded, you know, larger trades um kind
132. 4:13of pulling in those uh to catch those
133. 4:15larger moves.
134. 4:16>> Yeah, 100%. And then one more thing
135. 4:18before we get into some results and
136. 4:19trades and that sort of stuff is your
137. 4:23results and your strategy. You had a
138. 4:24bunch of data. Um, I want to find out
139. 4:27why all of that data was not turning
140. 4:29into results, but as soon as you started
141. 4:31working with me, it did.
142. 4:34>> So, yeah, I was you go ahead answer what
143. 4:38whatever you feel first. Top of mind.
144. 4:40>> Yeah, it's it's really twofold. I think
145. 4:42one um I realized and we've talked about
146. 4:44this a lot in our our kind of one-on-one
147. 4:46calls is like I had uh kind of a
148. 4:48scarcity mindset, you know, that I had
149. 4:51to get through to kind of eliminate my
150. 4:53own self-sabotage. And that was kind of
151. 4:55a to be transparent like a meditation
152. 4:57journey that I had to work through to
153. 5:00really get past that and and just kind
154. 5:02of get out of my own way. So I think
155. 5:03that was like really fundamental like
156. 5:05starting in August um to really kind of
157. 5:08accelerate things. And then two, I feel
158. 5:09like just having um a coach that's done
159. 5:13what you're trying to do and can really
160. 5:14like specifically give you guidance on
161. 5:17okay, you've identified these
162. 5:18challenges, let's try these, this and
163. 5:20this and this to kind of confront those.
164. 5:22and like having a very specific game
165. 5:24plan for pretty much every single week.
166. 5:26Um it's just like helpful having that
167. 5:27direct guidance versus, you know, kind
168. 5:30of more generally trying to trade in a
169. 5:33less optimal way.
170. 5:34>> Yeah, 100%. And then about prop firms
171. 5:37and our approach to that specifically.
172. 5:39Anything you would say that just
173. 5:42anything in general that you want to say
174. 5:44about how we trade prop firms that was
175. 5:47different than you were doing it before
176. 5:48or that you thought you were supposed to
177. 5:50be doing, I guess. Yeah, I mean if we go
178. 5:53back to when I was doing so well with
179. 5:54CFDs, it was like, you know, treating
180. 5:56the EV vals the same way as the fondage,
181. 5:58just slowly like, you know, getting
182. 6:00growing the equity curve over time with
183. 6:01consistency, taking like really, you
184. 6:03know, selective trades and, you know,
185. 6:06kind of growing that. But futures have
186. 6:08so much so many different rules um
187. 6:10compared to CFDs. And it really is like
188. 6:13not optimal to take that same slow
189. 6:15approach um with with most of these
190. 6:17futures accounts just the way they're
191. 6:19priced, the way they're structured and
192. 6:20all the rules.
193. 6:21>> Yep. So having not only like a more
194. 6:24aggressive and optimal way to trade
195. 6:26them, but also differentiating that by
196. 6:28firm depending on the rules um is just
197. 6:31like really shifting the I I try to
198. 6:33explain this to friends like I feel like
199. 6:35the methodology you share is really just
200. 6:37like shifting the probability of traders
201. 6:39having success more in our favor um than
202. 6:42you know we would have otherwise.
203. 6:44>> Yeah, 100%. So all makes sense. Let's
204. 6:46get into some results then. Obviously
205. 6:47you just hit 100k payouts. Yep. It's
206. 6:49been about four months. How many sites
207. 6:52you trading right now?
208. 6:54>> Um, I got up to six when I was trading
209. 6:56the 50Ks. Now that we've we're starting
210. 6:58to scale up to the the 150s, it's uh
211. 7:00like four right now. Um, but yeah, I was
212. 7:03trading up to six different firms at a
213. 7:04time. Um, lots of accounts,
214. 7:07>> 100%. And then how does it feel in terms
215. 7:10of like pressure, I guess, to activate
216. 7:12and trade so many accounts at once, all
217. 7:14with an edge?
218. 7:17Um I think like early on it felt a lot
219. 7:20more volatile like really experiencing
220. 7:22that variance for the first time where
221. 7:24some days you know 80% win rate some
222. 7:26days 50 some days like 30 you know and
223. 7:29seeing all the red and green across
224. 7:30accounts like feels more significant
225. 7:33early on but now it's just kind of the
226. 7:35the day-to-day um expectation you know
227. 7:38we show up try to do our best at all the
228. 7:40different phases the eval the funded the
229. 7:42winning days um ultimately nothing's you
230. 7:45know you're not going crush all of them
231. 7:46any given day. It's just trying to do
232. 7:47your best and expecting, you know, over
233. 7:50over the long term the numbers will play
234. 7:51out in your favor as long as you hit,
235. 7:53you know, reasonable rates.
236. 7:55>> And in terms of reasonable rates, you
237. 7:56want to talk a little bit about some
238. 7:58statistics that you've seen through your
239. 8:00own accounts, maybe pass rates, payout
240. 8:02rates, anything you feel comfortable
241. 8:03sharing, talking about that that could
242. 8:05help people watching?
243. 8:06>> Yeah. So, I uh again, like since we
244. 8:08started, I've kind of been prioritizing
245. 8:10speed over um over ROI. And so I think I
246. 8:14I just like started going hard with like
247. 8:1720 30 accounts, copy trading like two
248. 8:19emails at a time, which you know meant I
249. 8:21had a steeper learning curve at the
250. 8:22beginning and started a little slower.
251. 8:24But once I kind of figured it out, I was
252. 8:26in a really good position to scale
253. 8:27quickly. Um so early on like I was only
254. 8:30hitting like 22 to 25% eval pass rates
255. 8:33and my funded rate payout rate was like
256. 8:35terrible like sub 20%. But um after like
257. 8:39I said kind of kicking some
258. 8:41self-sabotage and and working with you,
259. 8:43I've like my funded rate now is kind of
260. 8:44my best statistic um it's you know
261. 8:47averaging 38% um since August. Um so
262. 8:52above obviously the kind of 33% targets
263. 8:55um tapping into additional confluences
264. 8:57to be extra confident that these large
265. 8:59moves are actually going to happen.
266. 9:01>> Interesting. Okay. So, when you say
267. 9:03additional confluences, let's talk about
268. 9:04that for a second because something I
269. 9:05say on my YouTube is you could have more
270. 9:07confluences to take better setups, but
271. 9:10you're going to get less of them. So,
272. 9:11from what I'm hearing, what you're doing
273. 9:13is you're taking those higher quality
274. 9:15setups that show up less often on your
275. 9:17more valuable accounts and taking the
276. 9:19slightly lower quality but still plus EV
277. 9:22approaches on maybe evals. Is something
278. 9:25like that going on? Yeah, it's it's like
279. 9:27I said, I think um for the evals, it's
280. 9:29probably closer to 90% of the trades I'm
281. 9:31taking are my own. Um if I have like two
282. 9:34or more net confluences, I'm ripping the
283. 9:36trade based on based on my data. Um but
284. 9:38the funded it's probably closer to 50/50
285. 9:41where it's like kind of things that I
286. 9:42see myself versus your kind of standard
287. 9:44funded meaner versions. And
288. 9:47>> um so like it's a combination of finding
289. 9:50those additional opportunities that
290. 9:52maybe like your other students don't
291. 9:54have access to from the additional
292. 9:55technical analysis knowledge but also
293. 9:58>> like when I see you know your funded
294. 10:00meter version that's also you know
295. 10:01delivering from a high time frame fair
296. 10:03value gap or a new week opening gap or
297. 10:06some other kind of high time frame
298. 10:07confluence it just gives me added
299. 10:09confidence that that trade's going to
300. 10:10play out and maybe I'll layer like two
301. 10:12or three funded into that instead of
302. 10:13just one. Yeah, I remember you had a
303. 10:15great day like two two weeks ago on a
304. 10:17Friday.
305. 10:18>> Yeah,
306. 10:18>> lots of confluences. You said like so
307. 10:19many funded had a pretty big win then.
308. 10:21That sort of thing.
309. 10:22>> Yeah.
310. 10:23>> Yeah,
311. 10:23>> that was a that was a four fourunded win
312. 10:25day. They weren't all the same trade. Um
313. 10:27but yeah, I like started with two, later
314. 10:29another, and then on a pullback like put
315. 10:31another. So it was
316. 10:33>> Yeah, really good day. I think added
317. 10:35like 21K in EV in a single day. Um which
318. 10:38is pretty sweet.
319. 10:39>> Sweet. Okay, one more thing I want to
320. 10:41talk about um quickly is when you're
321. 10:44trading, you might have a specific
322. 10:48risk-to-reward that's best for X account
323. 10:50on Y prop firm. Maybe you trade a one to
324. 10:52two on this firm and a one to three on
325. 10:54this firm. Obviously, when you're
326. 10:55trading a specific strategy and you have
327. 10:57like specific targets in the market for
328. 10:59entries and exits, how have you found it
329. 11:02in terms of account management of I see
330. 11:04a one to two hour trade, so I'm going to
331. 11:06trade this prop firm. Is it difficult?
332. 11:08Is it easy? Is that helping you make
333. 11:11money? What do you feel about that?
334. 11:12>> I think like it's it's in terms of like
335. 11:15what I'm looking for for the different
336. 11:16types of accounts. Like I'm obviously
337. 11:18still learning that especially as the
338. 11:20150s start introducing additional risk
339. 11:23changes, but um I think like in ter like
340. 11:26really the only specific market
341. 11:28conditions like I for those winning days
342. 11:29I just love when we have like straight
343. 11:31momentum and that's just like okay now
344. 11:32I'm going to try and get those in. Um
345. 11:34everything else is more just um trying
346. 11:36to take what the market's giving me. Um
347. 11:39and yeah, pivoting between accounts um
348. 11:42based on what I need.
349. 11:43>> Yeah, 100%. And then another thing I
350. 11:45think that you do very well that even I
351. 11:47could probably do better is obviously
352. 11:49how much your data you're tracking, but
353. 11:51you specifically you see that maybe on
354. 11:53an Apex intraday account. your pass rate
355. 11:55is 8% below where it's expected to be
356. 11:58and then we together can analyze if it's
357. 12:00statistically likely enough to where
358. 12:02your approach to markets aren't going to
359. 12:03work on that account and then we switch
360. 12:04you over to a different profer or just
361. 12:06the end of day plan on Apex because
362. 12:08you're going to make more money on that.
363. 12:09So I feel like that combines what you do
364. 12:12in terms of the data, the tracking and
365. 12:14the strategy with what I do in terms of
366. 12:17we have this data, let's throw it onto
367. 12:18this plan. Would you what would you say
368. 12:20about that? Agree, disagree? Yeah, I
369. 12:22mean at the end of the day, I think
370. 12:24there comes a point where like
371. 12:28the journaling is really the only way to
372. 12:30get the data on what's working and
373. 12:31what's not. And like that's step one.
374. 12:34Step two is okay, how do we take this
375. 12:35and actually like come up with a game
376. 12:37plan? And that's like you said where
377. 12:38some of the kind of conversations about,
378. 12:41you know, maybe the intraday plan is the
379. 12:43highest EV, but it's not that much more
380. 12:45than the end of day. that might be
381. 12:46better for you cuz yeah, I was just
382. 12:48having a really hard time with the
383. 12:49funded on uh that intraday plan compared
384. 12:52to my typical funed funded win rate. So
385. 12:55stuff like that. I think it's it's
386. 12:56definitely helpful to have that
387. 12:58soundboard um to kind of especially as
388. 13:00we go into the 150s and we're just
389. 13:02trying to optimize, you know, what's
390. 13:04best for each of us individually.
391. 13:07>> Yeah, 100%. And then transitioning to
392. 13:08the 150ks which we we just started this
393. 13:10past month. How's that going so far in
394. 13:13terms of adding new sites, increasing
395. 13:14your risk, bankroll management? Any
396. 13:17opinions?
397. 13:18>> Yeah, I mean it's definitely like a
398. 13:20different expectation. I feel like um up
399. 13:23until now, you know, we've been the goal
400. 13:25is kind of to three to 4x spend and with
401. 13:27the 150s, it's definitely just like a
402. 13:29two to threex target really. Yeah.
403. 13:31>> And just really uh leaning into that
404. 13:33increasing spend um expectation that you
405. 13:37know, you've built the foundation, you
406. 13:38know what you're doing, you've you've
407. 13:40got, you know, I think even just from
408. 13:41September, I should have like 40k in
409. 13:43payouts just from what I'd already done
410. 13:46in September. So, like should be
411. 13:47confident reinvesting that um to kind of
412. 13:50keep adding fuel to the fire. And
413. 13:51obviously with the 150s, um it's a lower
414. 13:54ROI, but you can, you know, if you can
415. 13:56double or triple the multi multiple five
416. 13:58figure spend, then you're doing pretty
417. 14:00good.
418. 14:01>> Yeah, might as well. Um in terms of the
419. 14:04future, where do you see yourself maybe
420. 14:05six months from now, a year from now,
421. 14:07just taking the same approach, scaling
422. 14:08to more prop firms?
423. 14:10>> Yeah, so I mean, we've we've spoken
424. 14:12specifically about October. We'll see
425. 14:14see how it ends up. But trying to, you
426. 14:17know, get over that 100k business
427. 14:19revenue goal, which is basically like
428. 14:21payouts plus expected payouts. Um,
429. 14:24>> you know, earning that in a in a single
430. 14:26month. You know, probably somewhere in
431. 14:28the ballpark of like 40k spend to do
432. 14:30that. Um,
433. 14:31>> and so that's kind of my short-term
434. 14:33goal. And then longterm, um, I've, you
435. 14:36know, mentioned this to to you, I might
436. 14:38as well say it for the others. I think a
437. 14:40stretch goal for me is like sometime in
438. 14:41the next nine months like I want to have
439. 14:43at least one month where I out earn you.
440. 14:47>> So we'll see if we can make that happen.
441. 14:49>> We trade slightly differently. So I
442. 14:51could always have a slightly
443. 14:51underperforming month and you can have a
444. 14:53slightly overperforming month. So at
445. 14:54some point it's definitely possible
446. 14:56especially with the sites available to
447. 14:57you. But uh but yeah, definitely want to
448. 15:00keep keep doing what we're doing and
449. 15:01maxing things out and um obviously I
450. 15:03work full-time. So um end of October
451. 15:06that's going to start calming down. So
452. 15:07maybe have even more time to start, you
453. 15:09know, trading more accounts per day than
454. 15:11I have been, which will obviously
455. 15:13accelerate things more too.
456. 15:14>> Yeah, 100%. So 100K in four months while
457. 15:16working, very impressive. If there's one
458. 15:19last thought you could leave us off or
459. 15:20leave people off with who are watching
460. 15:22this, uh, what would you say to someone
461. 15:25who was in your spot four months ago
462. 15:26just watching the content trying to get
463. 15:28a bunch of data? They're good at math.
464. 15:30They're good at numbers. They're good at
465. 15:31analyzing data, but they're just not
466. 15:33able to make it click with profits. What
467. 15:34would you say to someone who's in that
468. 15:36position?
469. 15:37>> I mean, I think there's there's a number
470. 15:38of ways to eventually find success with
471. 15:41trading. Um, obviously, you know, you
472. 15:44can roll up your sleeves, get the data
473. 15:45yourself, find the edge, practice it,
474. 15:47and execute it. Um, it's just it's going
475. 15:50to take a lot longer. You're gonna have
476. 15:51to have a lot more trial and error in
477. 15:53that process. Um, kind of the the better
478. 15:56way and like kind of what we tried to do
479. 15:58with FX Play is share more proven
480. 16:00strategies where people have actually
481. 16:01had that success to help people find
482. 16:03those, you know, strategies, mentors,
483. 16:05etc. sooner. Um, and obviously back it
484. 16:07with data. So, I think um at the end of
485. 16:10the day, like if you want this to work
486. 16:12for you, I really encourage you to to
487. 16:14find someone you resonate with. Um you
488. 16:16know, obviously we're both math nerds,
489. 16:18so I you clicked on that. Maybe that's,
490. 16:21you know, whatever like resonates with
491. 16:23you. Um like someone that's doing what
492. 16:25you're doing. Um try to really like lean
493. 16:27into what they're teaching, learn from
494. 16:29it, and see if you can duplicate it.
495. 16:30Whether that's, you know, learning the
496. 16:32strategy in and out and really, you
497. 16:33know, working on it yourself or or
498. 16:35finding a mentorship, but at the end of
499. 16:37the day, finding something that's that's
500. 16:38working for others is gonna give you a
501. 16:40better chance that what you do is going
502. 16:41to be worth it. So, yeah, it's kind of
503. 16:44my two cents on it.
504. 16:45>> Yeah, 100%. I appreciate you coming on
505. 16:47today. Any any final thoughts or are you
506. 16:49good to go?
507. 16:50>> No, excited to see, you know, how the
508. 16:52next few months are going. Um, obviously
509. 16:54last two months have been really kind of
510. 16:56exponential growth and excited to see
511. 16:58what we can continue to do. But, uh,
512. 17:00yeah, appreciate everything so far and
513. 17:02excited to keep working together
514. 17:03>> 100%. So, first six figure profit on
515. 17:06next goal and then maybe another
516. 17:07interview down the line.
517. 17:08>> Yeah, we'll see you.
518. 17:10>> All right, perfect. Thank you.
519. 17:11>> Cool. See it?