Review: The Only Day Trading Strategy You Will Ever Need (Full Tutorial: Beginner To Advanced)

https://traderslanding.net
In this video I review a trading system presented by Steven from The Trading Channel called: The Only Day Trading Strategy You Will Ever Need (Full Tutorial: Beginner To Advanced), link below.
This video piqued my interest because it is similar to my own personal trading system. This strategy uses market structure and price action to enter trades and has some really nice results on the backtest.Show more

While it is subjective there are concrete rules to follow and is worth consideration for additional testing and optimization. I ran the test on 3 instruments one on crypto, one in the stock market, and the final dataset was tested on Forex.

In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it for 100 consecutive setups, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.

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🏠 System Web page: https://traderslanding.net/2022/02/05/61/

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📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/

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⏱️ Timestamps ​​⏱️
00:00 - Start
00:45 - Indicators
01:16 - Long Examples
02:51 - Short Examples
04:22 - Results, Equity Curve, Score
06:12 - Optimization

⚙️ System Specifics ⚙️
📛 System Name: The Two-Step
🏆 Trader’s Landing Score: 8
🎹 Instrument: EUR/USD
⌛ Time Frame: 5-Minute (M5) and 15-Minute (M15)

👀 TradingView Indicators
Name: Average True Range (ATR) Bands
Inputs: ATR Multiplier Upper & Lower = 2
Style: White Lines
By: AlexanderTeaH
Link: https://www.tradingview.com/script/uTetNB3s-ATR-Bands/

☝️ Long Entry
1. Uptrend with higher highs and higher lows.
2. Retest into support.
3. Rejection wick on the lower time frame.
4. Bullish candle on lower time frame.

👇 Short Entry
1. Downtrend with lower highs and lower lows.
2. Retest into support.
3. Rejection wick on the lower time frame.
4. Bearish candle on lower time frame.

🔥 Risk to Reward: 1:2

🛑 Where to place stop-loss:
For Longs: 2 times the ATR of the lowest candle in the pullback.
For Shorts: 2 times ATR of the highest candle in the pullback.
🚀 Where to take profits: 1:2

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⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
Attribution
Original Video from The Trading Channel: https://youtu.be/2h5ryPi6ZYo
The Only Day Trading Strategy You Will Ever Need (Full Tutorial: Beginner To Advanced)

Licensed under creative commons license:
Funny Fails Compilation video 2020😂😁😂.
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Clip description: Spiderman - Shelf Dive