Funded Account Challenge Strategy — Transcript

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1. 0:00you've probably been wanting to pass a
2. 0:01funded account challenge for a while now
3. 0:03if so you're just like me I just managed
4. 0:05to pass one and in this video I'm going
5. 0:07to show you the four indicators I used
6. 0:09to help frame my bias and three massive
7. 0:12challenges that I had along the way
8. 0:15passing this thing hopefully from this
9. 0:16video you'll get some insights and the
10. 0:18tools and resources you need to pass
11. 0:19your own challenge all right as you can
12. 0:21see right here on April 23rd 20124 at
13. 0:244:56 p.m. I got an email from Thunder
14. 0:27Pro saying Thunder Pro Phase 1 pass
15. 0:29congratul ulations you're one step
16. 0:30closer becoming a funer pro funded
17. 0:32Trader that is my stage one certificate
18. 0:35yay me so this is the challenge account
19. 0:37right here you can see that uh on the
20. 0:39top right hand corner it says success
21. 0:41average loss $1,000 average win500 win
22. 0:45rate 47% absolutely horrible profit
23. 0:48Factor 1.32 current balance $220,200
24. 1:00the challenge out February 26th using
25. 1:02Forex pairs but then I realized I'm just
26. 1:04going to default to Dax it fits in my
27. 1:06trading window and I'm just going to run
28. 1:08with that at first I was trying to do a
29. 1:09one to two risk to reward where I was
30. 1:11shooting for $2,000 of risk and $4,000
31. 1:15of reward per trade then a couple of
32. 1:17times Market went against me so I closed
33. 1:19at a half a percent reward and
34. 1:21essentially as you can see on the graph
35. 1:23right here the reason the equity on this
36. 1:25started at 208 is because I did the free
37. 1:28trial I got that Equity up in the first
38. 1:31week and then I converted that free
39. 1:33trial into a funded account challenge so
40. 1:36I was above 200,000 with the profit that
41. 1:38I made from the free trial this is the
42. 1:41best and only way that I recommend doing
43. 1:43it do the free trial get into a hefty
44. 1:46pile of profit then convert that over
45. 1:49instead of just buying one starting at
46. 1:51200 and then working your way up to 220
47. 1:54so I managed to get this account up to
48. 1:57$217,000 and then I was like sweet I'm a
49. 1:59percent and a half from winning never
50. 2:01say that managed to blow all of that
51. 2:03profit and then bring the capital down
52. 2:05to
53. 2:07205,000 I had several backtack horrible
54. 2:10days so 2% loss another 2% loss another
55. 2:152% loss so right there you got 6% in
56. 2:18three back-to-back days then April 3rd I
57. 2:21had a profitable day then April 4th Down
58. 2:243% then I had one winning trade so down
59. 2:272% for the day then things started to
60. 2:29pick up for me I was really really
61. 2:31really focusing on protecting the
62. 2:33capital so after a trade got into profit
63. 2:35I immediately started moving my stop-
64. 2:37loss up if I could get it to break even
65. 2:39as quickly as possible I was happy April
66. 2:4115th was a really brutal day for me but
67. 2:43I managed to break even on the day took
68. 2:46a 2% loss and then an almost 1% loss and
69. 2:50then made that back and that back so I
70. 2:53was up like I think 36 bucks for the day
71. 2:55I'm going to show you a few examples of
72. 2:57my trade setups and my trade entries if
73. 2:59you want to see every single one of them
74. 3:01I dropped them in the Discord community
75. 3:03in the testimonial section you can see
76. 3:04them every single day that I submitted a
77. 3:06trade but essentially I was just trading
78. 3:08German 40 on the 5 minute and 15 minute
79. 3:11time frames sometimes the one minute but
80. 3:13it was very rare So essentially I used a
81. 3:15combination of price action you know if
82. 3:19it's trending down it's trending down if
83. 3:21it's trending up it's trending up what I
84. 3:22really like to do is parallel channels I
85. 3:25find that they respect channels a lot if
86. 3:28something's in a strong consistent
87. 3:29downtrend or an uptrend the swings of
88. 3:32the highs and lows of that Trend usually
89. 3:34stay within a channel sometimes they dip
90. 3:36out and those are the areas that you
91. 3:37really need to look out for the
92. 3:39indicators that I was using was the ICT
93. 3:42New York open just to show me the
94. 3:44separations of each day so this is April
95. 3:463rd April 4th April 5th April 6th this
96. 3:49is midnight in New York this red line in
97. 3:51the middle here is just a 200 smooth to
98. 3:54moving average I always have it on my
99. 3:55chart as like that's where price wants
100. 3:58to be naturally any extension away from
101. 4:00it will eventually pull back into it so
102. 4:02the areas that I was usually trading was
103. 4:04the 830 line of New York using the ttf
104. 4:08SMC toolkit another free indicator
105. 4:11you'll be able to see each session's
106. 4:14opening hour so this is Tokyo sessions
107. 4:17opening hour these first four candles
108. 4:20basically create a range that if it
109. 4:23breaks out of it will usually continue
110. 4:25in that direction of the breakout for
111. 4:28the remainder of the day not
112. 4:29specifically the Tokyo session but like
113. 4:31the London session if it breaks out
114. 4:32it'll continue out same with the New
115. 4:34York session if it breaks out of that it
116. 4:36will continue up so not looking at the
117. 4:39Tokyo session but just checking out the
118. 4:41range right here of the London session
119. 4:44we broke out of the London session right
120. 4:46here and it continued down to the bottom
121. 4:49of my channel so after the breakout you
122. 4:51could have taken a trade and just traded
123. 4:52it to the bottom of the channel you can
124. 4:54see here is the New York session top of
125. 4:56the range bottom of the range once it
126. 4:58broke out right right there it continued
127. 5:01up pretty substantially I might add but
128. 5:03I was very fortunate in that price
129. 5:05really respected this channel the entire
130. 5:07way so once price broke the 200 and
131. 5:10previous price structure to the left I
132. 5:13knew that we were going to be in a good
133. 5:14downtrend then I just drew up my Channel
134. 5:16at the time none of this price had ever
135. 5:18happened it was just here but I knew
136. 5:20that it was going to respect this
137. 5:21channel along the way down so every
138. 5:24single time it hit the bottom of the
139. 5:25channel I was looking for Longs
140. 5:28retracing up if you remember my previous
141. 5:30video about PD arrays when things are in
142. 5:33a downtrend you can take a gan box these
143. 5:36are the settings of my Gan box take a
144. 5:38screenshot please when price has nice
145. 5:41bearish movement it wants to pull back
146. 5:43up into an area of Premium you want to
147. 5:47sell things at a premium price and you
148. 5:49want to buy things at a discount price
149. 5:52so I'm only looking for short positions
150. 5:55price came up into the top part of my PD
151. 5:58aray as well as respecting the parallel
152. 6:00Channel and then continue down now this
153. 6:02is either going to make you laugh very
154. 6:04happy or really piss you off because it
155. 6:07is so consistent every single time price
156. 6:10broke a previous low it pulled back up
157. 6:13into the PD array and then continue down
158. 6:16again this was the high point in the PD
159. 6:18array this was the previous low point
160. 6:20from that to that came back into a PD
161. 6:24array from that to that came back into
162. 6:27the PD array this is not a previous
163. 6:29swing up because it's not in accordance
164. 6:31with my parallel channel so essentially
165. 6:33that PD array kept going price came back
166. 6:35up just above the channel and
167. 6:38immediately dumped back down this is
168. 6:40where your losses come into effect but
169. 6:42essentially I was trading this the
170. 6:43entire time price came down swung up I'm
171. 6:47buying here in the bottom of the range
172. 6:49and I'm selling here at the top of the
173. 6:51range once it starts dipping out of the
174. 6:53top of the range I know we're going to
175. 6:55expect a lot of volatility these are
176. 6:57either liquidity grabs out of the zones
177. 6:59into the zones and then once it breaks a
178. 7:01downtrend in my entire Channel I know
179. 7:04I'm now long I don't know what my
180. 7:05channel is going to look like but I know
181. 7:07that we're now long and so in order to
182. 7:09find good areas all you have to do is
183. 7:12Click your parallel Channel hit the
184. 7:13three dots and hit clone when you do
185. 7:16that you'll get the exact same channel
186. 7:19and you can overlay it just above it and
187. 7:21that's your new Range so I did that
188. 7:23three times price broke out of this
189. 7:25channel came back up into this Channel
190. 7:27and rejected off price broke out of this
191. 7:29channel came up to the top of this
192. 7:31Channel and then rejected off once price
193. 7:33started to continue up again this is my
194. 7:36new channel price broke that channel and
195. 7:38now I'm in an area of consolidation I've
196. 7:40said this a bajillion times price either
197. 7:43goes down price either goes up or Price
198. 7:47consolidates this is all three of them
199. 7:49in the last month so starting on April
200. 7:514th to April 23rd I was able to take the
201. 7:54capital of this funded account Challenge
202. 7:56from
203. 7:57$200,000 to $220,000 000 which is 10%
204. 8:01now I need to pass phase two which is
205. 8:03only 8% profit Target which is
206. 8:06$166,000 I'm going to keep using this
207. 8:09same strategy but the one thing that I
208. 8:11added to this to help me with my entries
209. 8:13because I was entering in my trades an
210. 8:16hour before New York open here are a
211. 8:18couple of examples of my trade setups
212. 8:21right here right here right here and you
213. 8:25can see the profit that I made off of it
214. 8:27and my trade entry so let's look at this
215. 8:29example just taking the fact that we
216. 8:32just hit the top of the range right here
217. 8:34of my downward parallel Channel we had
218. 8:37the London Open Session here's the
219. 8:39bottom of that range here is the top of
220. 8:41that range and here is the indicator
221. 8:43that I was using it's called the happy
222. 8:45trail indicator and for a sell position
223. 8:47it gives you an upside down smiley face
224. 8:49and that happened right as it broke out
225. 8:50of the range you enter in a short
226. 8:52position with a stop loss above the
227. 8:54previous swing and you're targeting a 1
228. 8:56to 1.5 you got this thing instantly now
229. 8:59we're not looking for Longs here because
230. 9:01we're looking for sells at the top of
231. 9:03this range in this PD array but
232. 9:05understanding those things that I was
233. 9:06discussing if we're at the bottom of the
234. 9:07range we're looking for long positions
235. 9:09if we're at the top of the range we're
236. 9:10looking for sell positions if you look
237. 9:13at the New York open or the London open
238. 9:15that range and then you find something
239. 9:17breaking out in the direction of your
240. 9:19bias and your trade entry is the happy
241. 9:22trail signal the likelihood of your
242. 9:24success is substantially higher because
243. 9:26you have multiple confluences and it
244. 9:28will also allow you to ignore every
245. 9:31single signal that you get in between
246. 9:33this range so that you don't get stuck
247. 9:35in a period of consolidation you
248. 9:37actually enter trades at areas of
249. 9:39interests along the bottoms of these
250. 9:42downtrends and the tops of the
251. 9:44downtrends you are going to get the
252. 9:46least amount of draw down the best
253. 9:49possible entry and the ability to hold
254. 9:51trades longer even potentially swing
255. 9:54trading getting the most profit out of
256. 9:56your trades with the best possible entry
257. 9:59now the three challenges that I faced
258. 10:01along the way one I've already discussed
259. 10:03was the massive amount of draw down that
260. 10:05I experienced in the middle of this
261. 10:06challenge I'm not going to lie it sucked
262. 10:09but I knew that if I kept doing the same
263. 10:11thing that I was doing over and over and
264. 10:13over again I would get out of it and I
265. 10:15would pass this challenge the next
266. 10:17challenge that I had was because we were
267. 10:19doing strategy Wars and I needed to
268. 10:20submit a trade every single day I didn't
269. 10:22want to hold trades overnight plus this
270. 10:25is not a swing trading account so I
271. 10:27technically can't you have an option you
272. 10:29can either have a swing trading account
273. 10:31or not but I just wanted to submit my
274. 10:33trade win every single day and from that
275. 10:35process I was unable to hold trades
276. 10:37throughout this entire downtrend which
277. 10:40some of these things if I would have
278. 10:41just held it to the next day instead of
279. 10:43$2,000 in profit it would have been
280. 10:45$3,000 in profit because I got into a
281. 10:47sell position at the top of that
282. 10:49parallel Channel and the last challenge
283. 10:51that I had was that halfway through this
284. 10:53month we had planned a vacation so after
285. 10:55we would get back from the beach and the
286. 10:57pool I'd just give my daughter C tunes
287. 10:59and I'd try to get into a trade so I
288. 11:01really couldn't focus on longer higher
289. 11:03time frame analysis I was just doing
290. 11:05everything on my phone with really
291. 11:06crappy internet so that's when it
292. 11:08started to protect the capital
293. 11:10constantly and immediately move my trade
294. 11:12to break even it caused me to have a lot
295. 11:14more losses than normal but I still
296. 11:15protected the capital and I still
297. 11:17managed to pass a funded account
298. 11:19challenge with a horrific win rate of
299. 11:2147% and an average risk of 1,000 to 1500
300. 11:26so I'm telling you even if you move your
301. 11:28trade to just slightly in profit if you
302. 11:31keep getting those 100 bucks here 200
303. 11:33bucks there 300 bucks there eventually
304. 11:35those will Stack Up and it'll be an
305. 11:37absurd amount of money so I'm going to
306. 11:39share one more image with you and this
307. 11:41is all of the people that competed in
308. 11:43strategy Wars so we have five custom
309. 11:45indicators a bunch of people in our
310. 11:46community pick the indicator that they
311. 11:48like the most and they trade for that
312. 11:49team for the entire month the entire
313. 11:51concept about this is to be consistent
314. 11:53in trade every day because the more you
315. 11:55do something the better you get at it so
316. 11:57as you can see right here just in in the
317. 11:59one month that we had we had 10 people
318. 12:01pass free trials 11 people pass Phase 1
319. 12:04and seven people pass Phase 2 and then
320. 12:06in the top 25 people the first four were
321. 12:10profitable 21 out of the 22 trading days
322. 12:13of the month then it goes down from
323. 12:14there but the top 25 at least had 12
324. 12:17profitable days in the 22-day trading
325. 12:19month as you can see there on number 11
326. 12:22that is me trading the happy trail
327. 12:24indicator and the co-founder of the
328. 12:26business up at the top Christy also
329. 12:28trading happy trail with 21 profitable
330. 12:30days overall it was a super fun
331. 12:32competition so many people got so much
332. 12:35better at trading and everybody focused
333. 12:37on their consistency which was the most
334. 12:38important part of this thing so
335. 12:40hopefully you got something out of this
336. 12:41video if you don't want to use any
337. 12:43indicators you can just use the things
338. 12:44that I showed you in this video with
339. 12:46Trend channels either downtrends or
340. 12:48uptrends and then the PD Rays you want
341. 12:51to look at the premium and discount
342. 12:52areas obviously you can see the trend
343. 12:54lines work because it stayed in one for
344. 12:56an entire month so the people that say
345. 12:58price doesn't respect trend lines I
346. 13:00don't know what the [ __ ] you're talking
347. 13:01about if you want the added benefit of
348. 13:03getting a really precise entry in a
349. 13:05specific trading window that you're
350. 13:07available to be on the charts and
351. 13:08actually trade you can use the happy
352. 13:10trail indicator like me and Christy and
353. 13:12a lot of other people in the community
354. 13:14did that's available as well as many
355. 13:16other resources as a member of the
356. 13:17trading floor it's the first link down
357. 13:19below it's 20 GBP per month if you're in
358. 13:21the US it's like 25 bucks if you're
359. 13:23anywhere else in Europe it's like €25
360. 13:25hopefully you guys enjoyed this video
361. 13:27I'm super stoked I passed I'm super
362. 13:28stoked that like 27 other people passed
363. 13:31so let's start making money together