Small Account Challenge Part 4 50$. How to trade small account Forex FAST Trading Strategy and Indicator to grow a Small Trading Account Fast and Easy
So, what happened to the small account challenge? Did I blow up my account, or did I make money again. I started this challenge on 30th march, So It’s been four weeks. First week was a profitable week. I was able to grow this small account by over 12 and half percent. That was a really good return.
Then in the second week, I was able to grow the small account by almost 18 percent. Like i said in my last video, 18 percent was a slightly above average return, and we should see couple of losing trades in a row next. And that’s what happened. On Monday, I lost one trade. That’s all the action happened on Monday, since I only took 1 trade. Then on Tuesday, I lost another 2 trades. Market was in a range when I was trading on Tuesday. So I took 2 trades and called it a day. I didn’t take trades on Wednesday, because market was not trending the way i wanted it to.
Then, on Thursday and Friday, I was building the Trading Rush App, to show you, why I only test Strategies 100 times and not 10000 times. It took me 2 days to build the app, and it took more than 6 hours to take 100 trades 10000 times. If you don’t know what I’m talking about, watch my Trading Probability Video on this channel.
I was not able to recover from this loss in the third week. But in the fourth week, I took 4 trades on Tuesday. The first trade I took was a loser. But I was able to reduce this loss, because I was using the Parabolic sar to trail my stop loss. That’s right! I used the Parabolic sar indicator, to trail my stoploss. And that’s why I uploaded the Parabolic video first, before showing the trades from the fourth week.
Now, I have still not tested the Parabolic sar 100 times as an entry signal generator. I am going to do that in the next video. But since I was not using the Parabolic Indicator to find the entry signals, knowing the Win Rate of the Parabolic sar strategy was not necessary. Parabolic sar is a really good indicator if you use it to trail your stop loss. On Tuesday, I was using the MACD strategy to find the entry signals, and was trailing my stop loss using the Parabolic sar indicator. And it worked pretty good. Like I said, I was able to reduce my loss in a losing trade, and won three trades in a row, with a very good risk to reward ratios.
The second trade I took in the fourth week, was a winner. I was able to get 1.7 to 1 risk reward on that single trade. I drew some support and resistance using multiple time frames, and waited for MACD to give entry signal near these Support And Resistance areas. It was an easy winner.
That’s all. In the fourth week, I was able to recover the loss I made in the third week. And now, the 50 dollar small account, is up by almost 19 and half percent. 4 weeks is one month, So 19 and half percent in a single month is a really good return on investment.
In this small account challenge, we did not blew up the account, and we did what many traders fail to do, Make money in trading.
I will keep trading on this small account, and will post the new results in the next week.
Till then, check out other trading videos on this channel, where we tested MACD and many other strategies 100 times, to see their real win rates. After all, you don’t want to risk your money on a strategy, that doesn’t even work.
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Want To See My 4 Steps 77% Win Rate Trading Strategy? (With Data)
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Want To See My 4 Steps 77% Win Rate Trading Strategy? (With Data)
See What I'm Trading Right Now?