My Mechanical Consistency Trading Strategy.

TL;DR

1. Total Profit of approximately $305 (3.05%) for the 3rd week of July 2023.
2. Total 8 trades, 5 wins & 3 losses. 62.5% Win Rate.
3. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200 per trade.
4. A mechanical trading strategy that does not require constant monitoring.

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!

My apologies for the inconsistency in the weekly reviews. Recently, I had to focus on important career-related tasks that demanded significant time away from blogging. Nevertheless, I’ve been actively trading every day using my mechanical/rule-based strategy that doesn’t necessitate constant monitoring or analysis. Thanks to this approach, I managed to secure a decent profit this week. I appreciate your understanding and look forward to sharing more insightful content with you soon! Happy trading!

Daily Analysis

Monday, 17 July 2023

I’m thrilled to share that Monday’s trading yielded a fantastic net profit of 1.3%! My strategy, centred around predetermined entry and stop loss levels, played a crucial role. Although the initial buy-stop order resulted in a temporary loss as the price moved in the opposite direction, our second buy-limit order was triggered and delivered an impressive profit of 1.65R. This success underscores the effectiveness of our carefully planned approach. Let’s continue to capitalize on these opportunities and keep the winning streak going!

Tuesday, 18 July 2023

Not every day can be profitable. The price reaches and triggers my predetermined sell limit order. While there might be some initial reaction at my entry point, aggressive buyers eventually push the price even higher, resulting in a loss for that trade. It’s essential to stay resilient during such times and remember that losses are a natural part of trading. My strategy is designed to capitalize on favourable opportunities in the long run, and occasional setbacks won’t deter us from our overall success. Let’s keep a focused mindset and continue striving for consistent gains in the market!

Wednesday, 19 July 2023

During this period of a range-bound market, no trades were executed as the price did not trigger any of my predetermined levels. This is a normal occurrence in trading, especially when the market lacks clear direction and remains within a confined range. Rest assured, our strategy is designed to identify profitable opportunities, and it’s essential to exercise patience during these phases. As the market conditions evolve, we will be ready to act swiftly and capitalize on favourable setups when they arise. Let’s stay disciplined and focused, knowing that opportunities will present themselves in due course.

Thursday, 20 July 2023

We have hit a rare trifecta with all three of our trades turning out to be profitable. The chart above showcases these impressive trades, providing a clear picture of our success in a 5-minute timeframe.

My mechanical strategy paid off beautifully as each predetermined trade was executed with precision, resulting in profits of 1.65R, 0.9R, and another 0.9R. Another outstanding achievement is that these trades got triggered without any technical or fundamental analysis. 100% zero guesswork, just pure rule-based strategy day in and day out.

Friday, 21 July 2023

Friday’s trading session resulted in a net loss of -0.55R. While the second trade was triggered and reached our first take profit level, unfortunately, it wasn’t sufficient to cover the loss from our initial trade earlier in the day.

Endnote

Trading involves both ups and downs, and it’s our ability to stay resilient and focused during challenging times that ultimately contributes to long-term success. Let’s maintain our discipline and continue to execute our strategy with precision, knowing that profitable opportunities will arise again as we navigate the markets. Stay determined, and we’ll work towards better outcomes in the future.