Here's the challenge...start hedging on a random day and with a random Forex pair and get to flat at a profit. Is it really possible to make money with hedging? Find out in this video.

💎 RESOURCES IN VIDEO
1. Backtesting software: https://store.tradingheroes.com/product/naked-markets-backtesting-software/
2. Trading strategy: https://tradr.cc/zen8

#forexhedging #backtesting

Learn how to set a SL and TP on MT5. It's slightly different on each platform, so be sure to watch the section that applies to the platform you're using.

• Get our MT5 plugins: https://store.tradingheroes.com
• Get the web version of MT5: https://www.mql5.com/en/trading
• Get the Android: https://play.google.com/store/apps/details?id=net.metaquotes.metatrader5&hl=en_US&gl=US
• Get the iOS version: https://apps.apple.com/us/app/metatrader-5/id413251709
• Get the Windows desktop version: https://www.metatrader5.com/en/download

Upgrade your mindset with these recorded audio tracks: https://tradr.cc/c1df

Get the Ultimate Beginner’s Guide to Forex Backtesting: https://tradr.cc/qa40

My favorite trading books: https://tradr.cc/ffll

All of my recommended trading resources: https://tradr.cc/syz9

Learn about Bitcoin: https://tradr.cc/81bp

I've been using this backtesting software for a few months and it's awesome. There are many super useful features like detailed analytics and functions for both automated AND manual systems testing. In this episode, I talk to the developer of the software, Denis Switalski.

He gives us a demo of the NakedMarkets software and shows us the features that make it different from other products. Is this the best backtesting software for developing trading systems out there?

You be the judge.

Oh and BTW, the historical data from multiple brokers is free. 😀

There is a special limited time discount if you want to get the product.

This is the official launch of NakedMarkets and we are proud to be the first YouTube channel to bring it to you.

👉 Get the introductory $90 discount here: https://www.tradingheroes.com/nakedmarkets

🚨 Launch discount only valid until June 4, 2022.

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Get more Trading Heroes content:
- Trading articles and tutorials: https://www.tradingheroes.com
- Instagram: https://www.instagram.com/tradingheroes
- Twitter: https://twitter.com/tradingheroes

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#backtesting #backtestingsoftware #tradingstrategies

Links above may be affiliate links. They don't cost you extra and can potentially save you money. All referrals made through our links support our channel. We only feature products we believe in.

This video explains the Excel formula to calculate maximum drawdown in a trading account. I'll break down each part of the formula and show you a real life example of the results of a successful backtest.

See the trading strategy here: https://store.tradingheroes.com/product/rvr/
Learn to do manual backtesting: https://www.tradingheroes.com/forex-backtesting-guide/

Learn how to setup your backtesting software so you have two charts of different currency pairs open at the same time. They will move in unison so you can take trades on either chart. This method can also be used for multiple timeframes on the same currency pair.

Get the Forex Tester discount: https://www.tradingheroes.com/forex-tester-discount/

Get our free downloads/tutorials and see our best trading resources here: https://www.tradingheroes.com/

#tradingpsychology #backtesting #tradingheroes

Links above may be affiliate links. They don't cost you extra and can potentially save you money. All referrals made through our links support our channel. We only promote products we wholeheartedly believe in.

This is the best hardshell case that I've found for the Ledger Nano X cryptocurrency wallet. I'll show you the criteria I was looking for, why this case is awesome and how to get it.

Get the 2 pack of cases here: https://amzn.to/3rCXFNT
See our best trading resources: https://tradr.cc/syz9

Some links in this description may be affiliate links. It does not cost you anything extra and sometimes even saves you money. Purchasing through our links supports our channel and allows us to make more videos.

Did you know that most cryptocurrency beginners make this critical mistake that could end up costing them a lot of money? Learn how to get more crypto every time you buy altcoins.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f​
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd​
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl​

#altcoins #cryptocurrency #crypto

Many traders don't consider which day of the week they enter their trades, but it can have a big impact on their bottom line.

★ Learn more about RazorJournal here: https://razorjournal.com/

This video will show you how to analyze your trades and how to tell if day of the week analysis will help you or not. Also find out why you need to track your breakeven trades.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#tradingstrategies #tradingstrategy #backtesting

This chart pattern is one of those situations in the currency cryptocurrency market. In this video, I'll go over several charts (including Bitcoin, Ether, Ripple and more) and show the Baseball Cap chart pattern.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

Then I'll explain why it works and how you can possibly use it to make your next trade. It is not a guarantee (nothing is), but it can increase the probability that you have a profitable trade.

#crypto #cryptocurrency #technicalanalysis

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** This is for educational purposes only and is not trading or investment advice of any kind. You could lose all of your investment and possibly your sanity along with it. Only trade cryptocurrencies if you understand the risks.

Some of the links above may be affiliate links where we get paid a small commission if you purchase through the links. We only recommend products we believe in and the commissions help us make more content. It doesn’t cost you anything extra. Thanks for watching and happy trading!

Switching to black and white charts just might be the best thing you could do for your trading psychology. I use and recommend TradingView for B/W charting: https://tradr.cc/v4jq

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#tradingpsychology #tradingsoftware #tradingstrategy

In this video, I'll show you why you might want to create video recordings of your winning trades. When you are practicing trading, your brain cannot tell the difference between trades you actually take and trades you vividly imagine.

Recording videos can help you practice more trades, even when the markets are closed. Upload them to YouTube and add a link to your trading journal.

★ TradingView: https://tradr.cc/v4jq
★ ScreenFlow: https://tradr.cc/8lmm

Other resources mentioned:

Free

- Quicktime: https://tradr.cc/268w
- Windows Movie Maker: https://tradr.cc/vuf0
- Windows Screen Recorder: https://tradr.cc/83y2
- MetaTrader: https://tradr.cc/u8ev
- iMovie: https://tradr.cc/rorz
- Screen Recorder: https://tradr.cc/raqp

Paid

- Screenflow: https://tradr.cc/8lmm
- Camtasia Studio: https://tradr.cc/fims
- TradingView: https://tradr.cc/v4jq

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#tradingtips #tradingpsychology

After using Forex Tester 4 for 7 months, here's what I really think of the software. Try the free Forex Tester 4 demo here: https://tradr.cc/fxt

In this video, I'll show you the best and worst parts of Forex Tester 4. Also see how it compares to other software in this video: https://www.youtube.com/watch?v=BRwburzyYNQ

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

Topics covered in this video:

- My absolute favorite feature of FT4
- Why backtesting is vital to success in Forex
- Is Forex Tester 4 better than Forex Tester 3?
- Is Forex Tester 4 better than Forex Tester 2?
- Does it work on a Mac?
- My complete review of Forex Tester 4
- Does it work on a virtual machine?
- How to speed up backtesting dramatically with this cheap add-on tool
- How to get a double discount on Forex Tester 4

#forextester4 #forextester #backtesting

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Some of the links above may be affiliate links where we get paid a small commission if you purchase through the links. We only recommend products we believe in and the commissions help us make more content. It doesn’t cost you anything extra.

Thanks for watching and happy trading!

This video will show you the complete roadmap to consistently profitable Forex trading. Download the roadmap here: https://www.tradingheroes.com/consistently-profitable-trading/

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#forextradingexplained #forextips #forextrading #tradingheroes #tradingpsychology

The time of day that you enter your trades can make or break your trading strategy. In this video, I'll show you how to analyze your trades. I'll also explain why you should track your breakeven trades.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#tradingstrategies #tradingstrategy #backtesting

This video will explain how the RSI indicator works and how the indicator is calculated. Download the calculation cheat sheet here: https://www.tradingheroes.com/rsi-indicator-explained/

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#rsi #tradingstrategies #relativestrengthindex

In this video, I will explain revenge trading, why it's so dangerous, the causes, and how to overcome it. Get the resources mentioned: https://www.tradingheroes.com/revenge-trading/

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#tradingpsychology #revengetrading #tradingtips

Here are the resources listed in the video:

★ List of Forex programmers: https://tradr.cc/d5qn
★ Fortress EA: https://tradr.cc/efwi

In this video, I'll show you how to hide stop losses from your broker. The same method works for any other pending order like entry orders or take profits. There are two basic ways to do it.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#forex #forexbroker #tradingstrategies

Here are three popular RSI trading strategies, with complete trading plans. Get the trading plans here: https://www.tradingheroes.com/rsi-trading-strategy-plans/

This is video 2 in my 3-part RSI series. Watch the other videos in this series here:

1. https://www.youtube.com/watch?v=mE69uL4-6bo
3. https://www.youtube.com/watch?v=CSkS_V8RyyI

In this video, I have included complete RSI trading plans for three common methods of using the RSI.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#rsi #tradingstrategies #rsitradingstrategy #rsidivergence

I tested 3 commonly taught ways to trade the Relative Strength Index (RSI) indicator and show you which ones actually give traders an edge.

Part 1 of this series: https://www.tradingheroes.com/rsi-indicator-explained/
Part 2 of this series: https://www.tradingheroes.com/rsi-trading-strategy-plans/

When you learn a RSI indicator trading strategy from a blog or forum, how do you know if it really works or not? The first step is to backtest it. Testing it will give you hard data on if it has a statistical advantage.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

Before we get started, remember the Trading Heroes Keys to Backtesting Success:

1. Never trust what you read on the internet about trading strategies. What works for another trader may not work for YOU. So always test strategies for yourself and get hard data.

2. Always test your trading strategies before risking real money.

3. Past performance does not guarantee future results. But successful trading is based on recognizing repeating patterns, so testing is essential to success.

4. If your return with one strategy does not meet your goals, remember that you can add: markets, timeframes, pyramiding and/or more strategies. Don't give up on a consistent strategy just because the return is low.

5. One little tweak in a trading plan can change it from unprofitable to profitable. So test different ideas.

6. Trading strategies are easy to learn, but hard to master. You need to put in the work: testing, screen time, journaling and reviewing.

7. Consistently profitable trading is an extremely valuable skill. If you can master trading, there's always the potential to trade other people's money (OPM). Don't give up just because you think that you don't have enough money.

8. Your live trading results may vary from your testing results. Part of the learning process is to figure out why.

9. You are 100% responsible for your trading results. These testing results do not guarantee success.

#rsi #tradingstrategy #relativestrength

In this video, I'll show you 9 powerful strategies for growing a small Forex trading account. Get the resources mentioned: https://www.tradingheroes.com/growing-a-small-trading-account/ Growing a small trading account isn't just about having a super profitable trading strategy. It's much easier to grow a small trading account if you take a holistic approach to building your account balance.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#forextrading #swingtrading #tradingstrategies

This simple tutorial teaches you how to install indicators on the MetaTrader 5 trading/charting platform. Also learn how to remove indicators, change the settings and more. Note: Custom indicators can only be installed on the desktop (PC) version of MT5. They cannot be installed on the mobile app.

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#mt5 #metatrader5 #forex

See a demonstration of how the Batman chart pattern works in the Forex market and the three places that it can potentially be traded. See more chart examples here: https://www.tradingheroes.com/batman-chart-pattern/

This is not a bat pattern, as described in Harmonic trading. It's also not a head and shoulders formation. It's a BATMAN!

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#batmanpattern #technicalanalysis #tradingstrategy #tradingstrategies

Learn how the different MetaTrader 5 pending orders work. Here are the pending order types that are discussed in this video:

- Buy stop
- Sell stop
- Buy limit
- Sell limit
- Buy stop limit
- Sell stop limit

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#mt5 #metatrader5 #forextrading

I tested the RSI divergence trading strategy on 27 currency pairs to see if it has an edge. This is what I discovered...

Get the complete trading strategy here: https://tradr.cc/43r1
Learn how to the RSI indicator works: https://tradr.cc/s0fa

★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#rsi #tradingstrategy #tradingstrategy #tradingstrategies

In this video, you will learn how to calculate maximum drawdown in a spreadsheet, how much is too much and how it affects your psychology.
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl

#forex #trading #forexforbeginners #drawdown