Trade Of The Day

100 Pips Profit in Only One Day Using Two Strategies Combination

March 12, 2020 | 1:00 pm | Trading Room > Trade Of The Day
March 12, 2020 | 1:00 pm
Trading Room > Trade Of The Day
100 Pips Profit in Only One Day Using Two Strategies Combination

Grate Trade of The Day With Two Strategies Combination

100 pips profit in only One Day.

Benedikt.S  from Germany is currently trading in our 24K evaluation program.
Benedikt.S. testify himself as a swing forex trader.
He has 5 years of trading experience in the Forex market.

Here is a short description of his trading strategy and his trading method:
I combine two strategies into one portfolio to have the best possible outcome.
The 1st strategy is depending on scalping the closure of the US market in an automated Way for different pairs.
The second strategy uses candlestick patterns and Bollinger bands for the entry and pivot points for the SL and TP.

Open Position
On 11/03/2020 he opens a sell position on GBP/USD and he held this position for only 1 day.
It also seems that he open sell position after the price just broke out support zone.
The price created a new high and he bought after a technical correction of the price, it seems clear on the M15 chart.
Holding this position during these corrections definitely required patience and tones of discipline.
The Max DD for this position was only 13.1 pips which indicates a very accurate entry-level for a swing position.

100 Pips Profit in Only One Day Using Two Strategies Combination

Close Position
Benedikt.S. close this position on 12/03/2020 with a 99.6 pips profit.
Compare to the Max DD this position suffered from, it seems like a great Risk-Reward ratio for this position, the DD is only 13.2% of the profit.
Holding a position and wait for 99 pips definitely required patience and discipline from a forex trader, many traders would run away before.
Definitely wise decision to close a sell position after 99 pips profit in one day and when the price just reaches into the support zone.
Great position from a great swing forex trader, very accurate enter and exit, it seems Benedikt.S on his way to pass the evaluation and become a funded trader.

Currency: GBP/USD

Position: Short

Profit: 99.6

DrawDown: 13.1 pips

From Peak Potential: 22.1

Duration: 1D 18H 1M

Well done to Benedikt.S for his perseverance.
We encourage traders, and we look forward to bringing you some more trader insights and success stories.

 

Click here for our Weekly Supply & Demand Forex Analysis Video on March 9, 2020.

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