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LIM WEI XIANG

Apr 26, 2024 — 2 min read

My strategy isn’t the best in the market…

TL;DR

My pure mechanical strategy does not profit every day.
The strategy is still a work in progress.
My strategy might not fit your trading style.

Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions.

Please note: There will be affiliate links in this article. But it will only benefit both of us. If you do not wish to participate under my affiliate links, please feel free to Google them separately. Cheers!

I want to give a heartfelt thank you to all my premium signal newsletter subscribers. Your support means the world to me and I appreciate it. This also gives me a huge boost of motivation to continue trading in this turbulent market. For those of you who are considering whether to subscribe to my premium signal newsletter, let me answer: Please do not join! Here’s why.

My pure mechanical strategy does not profit every day!

My trading strategy is based on a mechanical approach that I developed through years of backtesting. There is no fundamental and technical analysis, instead I focus on repetitive steps each day until profitable. Unlike some trading gurus who claim near-daily profits, my strategy does not guarantee constant profitability.

After backtesting for the year 2023, my strategy had a win rate of only 51.83%. This means I will only win 52 out of 100 trades. There were times when I experienced losing streaks, enduring losses for up to 5 days in a row, which can be incredibly demoralizing. However, just with a few winning trades can often mitigate these losses.

The strategy is still a work in progress.

My mechanical strategy is still in work in progress, I am constantly exploring ways to increase the total return while maintain the mechanical aspect. From time to time, I would made adjustments by adding and tweaking elements of the strategy to improve its effectiveness.

My strategy might not fit your trading style.

Before considering joining my premium newsletter, it’s important to note that my mechanical strategy is based on the Singapore Timezone (GMT+8). It relies on the first candlestick of the day to determine the directional bias, and use of Fibonacci retracement to set limit orders levels for trades.

This unique approach is designed to fit my lifestyle, as I have a full-time job that doesn’t allow me to constantly monitor the charts. Developing this mechanical strategy has enabled me to trade without checking the trades and also to earn additional income in the process.

Endnote

Unless you’re prepared to embark on this trading journey with me, I strongly advise NOT to subscrib to my premium group. However, I remain committed to this journey, trading diligently until I achieve profitability and can leave my job.