My 1 Minute Scalping Strategy To Make Money Daily (Backtesting Proven Results)

when I started trading 7 years ago I was jumping from strategy to strategy because I couldn't find one that worked for me now fast forward 7 years and I made $50,000 in one week with real broker proof in this video I'm going to teach you my simple five minute scalping strategy that I would use to make my first $10,000 a month trading and then I'm going to back test a strategy over a one month period to show you Real Results only using one simple strategy now before we get into the video the love we've been

receiving on the channel has been absolutely insane and that's why I want to provide as much value as possible and I want to make a two plus hour course going over everything I learned in the last 7 years strategy psychology Market structure risk management and your full road to profitability if this video hits 5,000 likes I will make a full 2-hour course going over everything that I learned in the last 7 years and I will release the video January 2025 so you will have the full road map on exactly how to become profitable in 2025

and this will be one of the most valuable free videos that I will drop on YouTube so make sure this video gets 5,000 likes and let's get right into the video with all the strategies that I use the main thing you have to understand is complication equals unprofitability and simplicity equals profitability I really believe in this modotto because I've tested hundreds of strategies in the seven years that I've been trading and every single time Simplicity always outperforms complicated strategies now with this being said all strategies can work if they have a proven Edge however the

more simple and repeatable your entry model is as a new Trader you will see much more profits than complicated strategies now in this video I'm going to show you exactly how to execute one simple strategy every single day and then we will go over a full month of back testing and at the end of the video I will show you the profit loss and full statistics of what would have happened if you only traded this one simple strategy so to trade the strategy the first step is to Mark out the 5minute high and low now

this 5 minute high and low is the first 5-minute candle of the day because I trade the New York session this would be 930 a.m. eastern to 9:35 a.m. eastern for me you can Mark out either 5 1 minute candles or one 5-minute candle it doesn't matter either way it is the first 5 minutes in this example here we can see we marked out the 5 minute High and the 5- minute low but this is on the 1 minute time frame now step number two we need to create a trading plan for our trading plan

we have to wait for the trade to break out of the first 5minute range this could be either the 5-minute high or the 5- minute low and then we simply wait for the stock to retest either the 5- minute high or the 5- minute low we would enter into the trade here and then we would look for profit targets at low of day or we would look for profit targets at high of day however we enter in on the retest and we do not enter in on the breakout this is because breakouts May fake you

out and come right back into this range and therefore for us we we want to see buyers stepping in and then coming for the retest because we know once this resistance is broken this now turns into support for that next move to the upside now for step number three our entry model is simple and repeatable every single time we wait for strong price action and we must have at least a 2R multiple in this example as we can see we finally broke out from the 5-minute High we broke out here we're coming back for the

retest and as we can see on this retest this price action candle right here shows that it has a very strong lower Wick this means that sellers tried to bring this stock down but buyers brought it all the way back up after hitting this 5minute High retest therefore this is strong price action and we must enter into this trade with at least a 2 R multiple for every trade we take now if you don't understand price action just yet we're going to have a lot of examples in this video so by the end of the

video you should be able to understand exactly how this entry model looks for step four it's very simple we always hold for either our profit Target which was this two our multiple or we wait for our stop- loss to get hit we do not want to take profits anywhere in between if you take profits before your profit Target or if you stop out of the trade before your stop loss that simply means that you did not follow your trading plan to be a profitable Trader you must have a trading plan and you must follow it

every single time and the great thing about this strategy is because this trading plan is so simple it is very easy to follow but it is up to you to only enter the trade when you see an A+ entry and exit the trade at your profit Target or your stop loss but once again as we see more examples this will make more sense and finally step number five are just some tips for the best performance using the strategy for myself I only trade till 11:00 a.m. eastern this means I trade from 9:30 a.m. eastern to

11:00 a.m. eastern this gives me about 1 hour and a half to actually trade if you have a full-time job school or other commitments this is also the strategy that's going to work for you because you don't have to sit in front of the charts all day and you can do other stuff after 11:00 a.m. another reason I only till 11:00 a.m. eastern is because this is also when the most volume is in the markets and therefore the biggest moves and the nicest moves will happen before 11:00 a.m. eastern tip number two I only take

two R minimum trades this means for every $100 that I'm willing to risk or lose I must make $200 in profit this is key for this strategy to work so make sure for every trade you take you are taking those two our trades this means if you're risking $500 you must win $11,000 on that trade using the 2 R multiple and finally we must wait for candle closures for our stop loss this is extremely important but a lot of people fail to understand this we have to wait for the candle to close to stop out

of the trade or to enter the trade and this will save you a lot from stopping out prematurely on trades and you're going to see this a lot more when we actually get into the examples now with the summary out of the way we're going to be looking at one month of real trading examples I'm going to trade only this one strategy for one whole month every single day and at the end of the the video I will show you the full results over the one month did we make profit using the strategy if so

how much and what was our win rate or did we lose using the strategy so let's get into the examples here we are and now I'm going to do a one- month back test the first thing we have to do is wait for the first 5minute candle to develop here we can see the first 5minute candle developing once we have the first 5-minute candle we're going to Mark out the high of the candle and also the low of the candle and now we're simply going to go over to the one minute time time frame on

the one minute time frame here all we're looking for just like I explained is a break above retest and then a move to the upside or we can be looking for a break below retest and then a move to the downside these are the two scenarios that we would like to play out for the 5-minute opening range so let's see exactly what happens so here we can actually see this was a false breakout we never actually ended up breaking out but rather we had an upper Wick and we came right back down so far we

are not breaking out completely either so therefore we have to wait before we take any setup and here is actually the breakout and the retest now why is that it's because we actually finally got the breakout below the 5minute range low we came back for the retest and this was a very weak price action candle showing that sellers are stronger than buyers and therefore this stock should continue to the downside now to enter this trade here all we're looking to do is go short on this position our stop loss Lo is simply a break above

this candle and we're going to be aiming for at least a 2 R multiple let's enter into a short position here for the first trade and see exactly what happens in this example here we can see this trade ended up working out one thing I want to make clear yes this candle did come back into our stop loss but we always wait for the candle closure before we stop ourselves out of the trade in this example here we can see that the candle actually never ended up closing a above that level and therefore we are

still in this trade now if you don't understand candle closures I have a full in-depth video on exactly how to read candlesticks and price action along with a full course on how to start trading from absolutely scratch so after you're done watching this video there's going to be a link in the description with a full playlist on exactly how I would start trading in 2025 but with that being said this was the first day this was $1,390 now let's go over to the second day here we are on the second day once again we Mark

out the high and low of the first 5 minute candles we are on the 1 minute time frame therefore 1 2 3 4 5 and all we're waiting for is simply the retest so let's play out this trade and see what happens as we can see we finally got the breakout below the 5-minute opening range now what we would like to see is a retest of this previous low of this 5 minutes let's see if we can get that 5 minute low retest before 11:00 a.m. eastern because like I said in the rules I only

trade until 1100 a.m. eastern in this example here here we actually did end up getting this 5-minute retest now this 5minute retest is before 11:00 it's actually at 10:54 we are currently retesting after a very bearish move to the downside so this is a potential trade that we can play now in terms of going short on the stock we would enter in on this candle our stop loss in this case scenario simply has to be a little bit Above This 5- Minute low in this example here we can use the candle that actually ended up

breaking below the 51189 level and for our profit Target here we want to look for low of day like I said we want at least a 2-hour multiple or a low of day move in this example a low of day move would give us a 3.25 risk to reward trade so let's enter into a short position here and see exactly what happens also I want to mention though I am looking to enter the trade before 11:00 a.m. the trade itself can play out after 11:00 a.m. in this example here we are already after 11:00 a.m.

eastern however I entered the trade before 11:00 a.m. and now I simply have to have my stop- loss there and my profit Target and I can simply walk away from the charts as this trades probabilities play out once again we came back into that 5 minute low area right there we can see very weak price action off of that previous candle and now we are getting that move back to the downside we need to Simply break below this previous consolidation and we should have a nice move all the way down to low of day and

just like that we can see that we hit low of today on this trade once again this was a 3.25 risk reward trade this trade did take a little bit longer than a usual trade to play out and that's because we Consolidated a little bit here as well and we took the trade around 10:54 a.m. cutting it very close to our 11:00 a.m. deadline however this trade was a $2,000 trade and we were able to capture it by using one strategy so let me take profit on this trade here as well as we can see

we are now up to $3,520 in simply 2 days and like I said we will be back testing this over a 1 month period so let's go over to the next day here we are on day three as we can see the stock is already opening up pretty weak on just the first 5-minute candles so let's see exactly how this trade plays out when we're looking for the 5-minute opening range retest now this candle came pretty close to the 5-minute opening range retest however we did not actually retest just yet and here we can see

we came back to this level and we're now consolidating near it so what I would like to do here is wait for another candle to show me weak price action and that sellers are in control and I would look to enter this trade with a 2R multiple so let's see if we can get a candle closure below this level and just on this candle itself here we can see that we actually ended up closing below this previous candle along with that we are closing below the 5-minute low now this is enough confirmation for me to

enter this trade our stop loss in this example here would simply be above this consolidation period and our profit Target needs to be at least to our multip like I said now let's enter into a short position here and see exactly what happens and just like that we would be finished the day in 8 minutes we entered the trade at 953 and we exited the trade at 10:01 for another $1,200 day and like I said through this video the purpose of it is to show you what would happen if you trade the strategy over a

on month period but so far in only 3 days we are up $473 and every single trade so far has been a winner now I want to keep this video as transparent and real as possible and I want to tell you that there is going to be losers when you trade 100% in any strategy you will see losers and therefore the purpose of this video is to show you how the strategy Works without cherry-picked examples I'm going through this for the whole one month period so we are currently on Friday this is the end of

the first week now let's go over to Monday okay so here we are on Monday we marked out the first 5minute candle and now all we're looking to do is once again use our one simple strategy so let's play out this trade and see exactly what happens so far as we can see we came up here however there was no retest we simply were not able to close above that level strong and therefore we still have no trade we are currently at the 5-minute low right now we are consolidating no breakout just yet and here

we can see we broke out on this candle and this retest is actually an immediate retest right off that 49818 level now for me specifically if you guys have been watching my videos you know I like to wait for a little bit more displacement to occur to actually potentially take this trade however because I am going through this over a on Monon back test I need to take these trades to show you guys what the statistics are for myself however I want to make it very clear I would wait for a little bit more displacement

but just to make sure that I'm not skewing any results I want to make sure that I'm taking any potential retest of the 5 minute high or low now in this specific example we're going to put our stop loss at the break of this previous pivot level and we need at least a two R multiple in this example here we actually have this pre-market high level up here which is a 3.81 risk reward trade so that's what I would be targeting out specifically on this trade especially after this impulsive move to the upside so let's

enter into a buy position here and see exactly what happens okay so as we can see in this example here we actually got a really nice impulsive candle to the upside that actually came all the way up to this pre-market high level we just closed above pre-market High here as well and this was once again a $720 trade so let's exit out of this position here as well we are now up $5,450 and let's go over to the next day all right on this example we marked out the 5minute range now all we have to

do is simply wait for the stock to break and retest to one side so let's see exactly what happens with this 5minute range so in this example here what I want you to notice is the stock came back and we never got strong price action action to justify entering once again if you don't know how to read candlesticks in price action I have a full free 1hour in-depth course and a playlist in the link in the description that you can watch after this video however in this example because we did not get strong enough price

action there is no trade and we also know that this is going to be a little bit more of a choppier day because we did not get the retest however we still need to play out the charts until 11:00 a.m. eastern because that's when we trade and S and we want to see if a potential entry does set up if a potential entry sets up then we could still enter however so far on the day we can see that this day was extremely choppy now for me in the middle of this range this is already

enough information for me to stop trading on this specific day and you can see that we would have already been done the day at about 10:00 we wouldn't have taken a single trade because we can see how much consolidation and chop is here in the markets now we actually finally got our displacement now let's see if we can get that 5-minute retest before 11:00 a.m. Eastern if we do not get a retest of that 5-minute opening range then we simply walk away what we want to do is capture high quality and high probability trades so

as we can see it is now 11:00 a.m. eastern and you can see the time when we were trading here the 5 minute High simply was not strong enough for buyers to re-enter for that quick breakout retest and then that move up and this will happen you will see days where there is chop or you will see days where you may lose a potential trade but this is why I'm showing you this over a 1 Monon period to give you realistic expectations about trading so on this specific day we actually did not end up taking

a trade at all so let's go over to the next day here we are on the next day this is Wednesday and once again 5 minute high and low let's open up this trade and see exactly what happens now on this specific day we can see that we broke out and then we had this immediate retest like I said before this is a candle right here where you see an immediate retest so you break out and then within the same one minute candle you come back for the retest sellers show that they are strong here

and then you move back to the downside now this is a specific trade that I personally would not take because I like to see a little bit more displacement and then the retest if you don't know what displacement means that is simply the move that happens from where the breakout is to where that low of day point would be and then the retest back into our level but like I said because we are going over a one month back test I cannot skew the results I want to be as transparent as possible and therefore we

have to take this retest entry even if it's an immediate retest now our stop loss in this scenario would simply be the candle that closed below our key level and we need at least a 2 R multiple in this example a 2R multiple comes around this 501 area let's enter into a short position and see exactly what happens and just like that this trade actually only took 3 minutes this was a $760 trade for this trade you would have to be a little bit more faster to execute but this was a $760 trade let's flatten

that position we are now up $6,200 and let's go over to the next day here's the next day at this point you know exactly what we're looking for so now all I'm going to do is simply just play out these trades in this example here this is the displacement I'm talking about right we can see when we got that breakout we got this low of day this shows that sellers are in control and now we're simply looking for the retest and weak price action in this example here we can see we actually are getting weak

price action when we came up into this area this is weak price action we can see that the upper Wicks are much more present and we can see that the stock is slowing down meaning the C are getting smaller as we're coming into this support now turn resistance now once again I would be looking for a short position here our profit Target in this case scenario would be low of day and our stop loss is a break of the candle that broke the 5 minute low at this point you can see that this strategy is

very repeatable it is the exact same parameters every single time and now what I want to show you guys is really the Real Results because at this point of the video you should understand how to execute the strategy so let's enter into another short position and let's see what happens just like that this was a very clean break and retest to the downside we can see this strong displacement move down retest weak price action candle and then the move down to low of day this was a $3,560 trade let's flatten this position as well for

a $977 gain and what I want you to get from this video is the different ways that I'm executing on the 5-minute retest and what I'm looking for the more more you watch these examples the better you will be able to execute in real time so by the time you're done watching this video you will have enough examples to look back at to execute in real time so let's go over to the next day here we are on the next day we marked out the 5 minute High and the 5- minute low now what we're

looking for is the breakout first here's the breakout now what we're looking for is simply the retest we need strong price action when we retest this level unfortunately on this example we can see that we did not get that strong retest however what I want you to take away from this video as well is look at how we're able to not take these trades we are able to identify because we understand strong price action and how simple the strategy is when we come back for the retest and we don't see strong price action or we

don't see that lower Wick being created we simply step away from the trade and we know that it is not a trade that we should take so in this example here we can see that this is a day we most likely do not want to trade because like 2 days previous this is going to be another day that we chop around so let's keep playing out this trade until 11:00 and see if there is a potential setup that we would be looking for however usually when you get the first retest and it is not a

strong retest then you most likely do not want to enter the trade in this second example here once again we're breaking below not really strong price action here and let's see if we can get a strong price action candle here we came from high of day all the way down to low of day even on low of day we are now consolidating rather than actually Clos cling below this is more consolidation than anything this now could be a potential retest that we get let's see if we can get a retest off this level and once

again this candle proves that this is a choppy day so notice with the conjunction of both our strategy and price action and understanding candlesticks we are able to miss out and not trade on these choppy days rather we wait for those high probability days to set up this is another day that we will not be taking a trade it is extremely choppy and there is no A+ setup for us so this is Friday now let's go over to the next day which will be next week on Monday all right so in this example here we

Mark out the 5 minute high and 5 minute low you can do this on on the 1 minute time frame by simply counting out the first five candles or you can do this on the 5- minute time frame by only marking out the one first candle and now all we wait for is break and retest here is an impulsive move to the upside now what we would be looking for is the retest back into this level we need strong price action let's see if we get the retest and let's see if we can get strong

price action in this example here once again notice how we don't enter this trade because we did not get strong price action I want you to take note of this if you execute the strategy every day is it going to be boring yes however every single day you will be able to identify what is a good setup and what is a bad setup in this example we did not get strong price action and therefore there is no trade now let's see if we can get a potential retest of low of day we can see we

broke to the upside came all the way down to low of of day we actually did have some decent displacement and here we're actually getting the retest of that low of Day level now here what we need to see is weak price action and as we can see when we came back for the retest we actually ended up closing this candle below this previous candle this shows me that sellers are indeed trying to step up for this trade so how would I enter this trade I would enter into a short position here our stop- loss

can simply be a Candlestick closure Above This previous pivot level which is a little bit above the 5-minute low and we need at least a 2hour multiple on this trade as well let's enter into a short position and see what happens so in this example we can see we made a new low of day came back for the retest showed more week price action here again and then hit a brand new low of day for once again $1,300 off of this previous retest level we can flatten out the day here and now we are up

to $11,000 at the end of the video we'll do a deep dive into the results of this whole one month period but with that being said let's go over to the next day here we are Tuesday November 26th once again the 5- minute high and low has been marked and now we are getting the breakout unfortunately on this retest we close the candle below our level this is important when we're looking at immediate retest like I've talked about earlier in the video the immediate retest always needs to close above the level so the immediate retest

always has to close above either the high or the low in this example here the immediate r retest did not close above the level it actually ended up closing below the level therefore this would not be a retest that I would be interested in so let's keep playing out this trade and here now we're getting a little bit more weaker price action we came back below the 5-minute opening range and as you can see now we're kind of chopping around in the 5-minute opening range this means that this is most likely a low volume day

and until you break out of the 5-minute range this is something you don't want to trade this is where the most volume is in the day and this is exactly what we want to see we want to see the break of the 5-minute before we even look for an entry so far we have not been able to close below that level with a weak price action candle and therefore that is going to be a time where we do not enter a trade overall for this day once again we can see that we are staying in

the range of the 5 minutes and this would simply be once again a choppy day where we do not want to take a trade so this is another day that we don't take a trade once again like I said there are going to be days where you want to take a trade there's going to be days where you don't want to take a trade and hopefully by the end of the video you can identify for yourself in real time what days are going to be choppy and what days you want to take a trade with

that being said let's go over to the next day here's the next day we are currently right at the low of the 5minute opening range what we'd like to see is the break right here and then the potential retest so let's see if we can get that so far here we can see that we actually tried to break below but we actually ended up wicking right back into the 5-minute range now here we are actually getting the break and then the retest now this is a day where we did end up breaking and now what

we want to see is sellers hold this candle below this level this is actually a lowrisk day for the 5-minute retest because if we even break above this candle we would want to stop out of the trade instantly so for this example here this would be a very quick scalp with our stop loss a little bit above this candle that we would enter on and we need at least a 2 R multiple in this example here the 506 level coincides with 2.78 and therefore because that's a whole psychological number that's what we will be using

let's enter into a short position here and see what happens okay so in 2 minutes here very quick scalp we can see that we had that immediate retest right at the 5-minute low once we broke and we can see $550 in 2 minutes let's flatten out this position here on Wednesday and now let's go over to the next day here we are on the next day we are breaking above the 5minute range what we want is a retest into this level let's see if we can get this retest unfortunately what it seems like happen on

this example and this will happen to you sometimes as well is this was actually a good day this was a day where we're trending to the upside however we were not able to enter into this trade why were we not able to enter into this trade because we never got the 5minute retest so even though we are trending to the upside and this is a clear day where we have a very clear Trend our specific strategy did not give us the entry signal that we were looking for it did not retest into our previous 50623

area and therefore we missed out on this trending day now these are going to be the days where you look at the charts and you know know that the Market's trending and you want to make money so you're going to enter into a random retest but these are the days you want to be more patient there will always be more days to make money but it is our job as a Trader to respect our strategy and our rules and if our rules are that we only trade this one five minute opening range setup then we

want to abide by those rules we do not want to take a random trade on a trending day just because we know the day trending because that's going to instill bad habits in our trading psychology so on this day on unfortunately even though the day was trending we could have made potential profits but because we did not get our specific entry model we were not able to enter a trade now this was Friday let's go over to Monday all right here we are on Monday 1 2 3 4 5 we marked out the 5 minute

High and the 5 minute low let's play out this trade and see what happens we are already having a very impulsive day and on this example here we can see we're actually getting another immediate retest now because we are getting an immediate retest and we can see very strong price action we would enter into to this trade here in this scenario our stop loss can be a Candlestick closure below the candle that we actually broke out from and we need at least a two hour multiple so a 2-hour multiple would come in at this 51381

level let's enter into a long position here and see what happens okay so so far we are consolidating right at this 5-minute low the Candlestick has not closed below our level that is very key therefore we would still be in this trade right now and as we can see the the candle never closed below our stop loss which is the candle that broke the 5minute high now because it never closed below we would be in this trade however new traders that would have a hard stop loss they would get stopped out of this specific trade

but for us because we understand Candlestick closures and how important they are in trading we were able to capture this trade once again now this was a $910 trade let's flatten this position for $2,530 so far and let's go over to the next day okay once again 5- minute high and low has been marked out we want to see the break and then the retest here we're getting the break let's see if we can get the retest here and on this candle here we can actually see that we are getting the retest so we got

the breakout we're coming back for the retest and this candle has closed a little bit above the 5-minute retest and at the same time we can see a lower Wick I would wait for a little bit stronger price action here just to make sure that we do have buyers stepping in so I would wait for the next candle will stick to close and unfortunately we did not get the strong price action that we were hoping for we actually ended up closing below the 5minute range now this is important to do you always want to wait

for the strong price action now the reason I did this is because though we do have that lower Wick this is a dogee candle which means this is more of an indecision candle than anything else where buyers and sellers believe that this is a fair price once again I talk a little bit more about that in the Candlestick guide now unfortunately we were not able to enter this trade because we didn't see the strong price action required however even if we enter ENT this trade right here with our stop loss at the break of the

impulsive candle that broke above the 5minute low we can see that this trade if we potentially entered in at 942 would have still gave us that two R multiple but because the entry signal wasn't clear enough we missed that trade and once again over a one month span there's nothing to be hidden I want you guys to see that yes this was a trade that potentially worked out but unfortunately we missed it because for us that entry criteria was not clear enough with strong price action and that is completely fine you do not want to

fomo over these trades and take another trade because you missed this one there will always be the next day to trade our job is to identify these high probability trades and simply enter and manage our risk just because we missed one trade does not mean we fomo into another trade hoping to make money so with that being said this was December 3rd let's go over to December 4 okay here we are on the next day 5 minute high and 5 minute low we're waiting for the break first here's the first breakout unfortunately on the retest

we came back into the 5-minute range therefore there is no entry for us there now we actually are coming from low of day all the way back up to high of day let's see if there's a potential entry and once again we reject that 5-minute High we come back into the 5-minute low and we reject that so so far we have only been chopping around in this 5-minute range we need that clear breakout and retest for us to enter this trade okay so now we finally got a clear breakout now let's see if we can

get a retest now here's the retest we got that lower Wick as well showing that buyers are stepping in now our stop loss in this scenario has to be the candle that broke above the 5-minute high and we are looking for at least a two hour multiple in this example the 2our multiple comes at pre-market high so let's enter into the trade here and see what happens and actually in the first candle here we already came up to that pre-market high level so this was actually only 2 minutes and this was a $370 trade with

a 2 R multiple so let's exit this position here we are now at $12,900 and let's go over to December 5th okay here is the next day this is December 5th we marked out the 5 minute High and the 5 minute low we want to see the breakout of the first 5 minutes here is the breakout now we need to see the retest back into that level this candle did not come back for the full retest therefore there is no entry on that specific candle and on this candle here unfortunately it looks like we are

actually breaking above the 5-minute low therefore there is still no entry and now we can see we are actually chopping around a little bit here this is more chopped than anything else in my opinion this isn't really good price action anymore we're chopping around the 5- minute low and this is a little bit more consolidation okay so based off our specific 5-minute range setup this is technically a retest of the 5-minute range low now is this the most high probability setup no because we are consolidating this is a day we're chopping around much more but

we are retesting this 5 minute low and this is the first 5 minute low real retest that we've gotten first one here we broke above we came back we actually gapped above this time and then this is technically the first 5-minute low retest now for myself personally in real time I would most likely skip out on this day but like I said because I have to show you the full results this is a trade that we would have to enter into we are looking for low of day here and our stop- loss can simply be

candle closure above the Candlestick that we are entering on this would be a 3.38 risk reward trade let's enter into a short position here and see what happens all right so in this example here we ended up losing this trade the reason we ended up losing this trade we are now having a candle closure Above This level right here now as we can see this loss compared to our wins because our risk reward is always at least a two-hour multip this was only a $160 loss so this was not a bad loss at all and

it was very manageable especially considering the p&l of $12,900 that we do have I want to make sure that you understand with any strategy losses are a part of the game so this is a $160 loss this brings our p&l to $1,740 let's go over to the next day all right so here's the next date our 5-minute High here actually also coincides very closely to the pre-market High here as well let's see if we can get a candle closure above and a potential retest in this example here once again we got a very strong displacement

let's see if we do end up retesting this level it seems like this day may be extremely strong and we may not get that retest that we are looking for all right so now it is 11:00 and as we can see we only trade from 9:30 to 11:00 a.m. eastern unfortunately we never got the retest that we were looking for this stock broke above the 5minute range and never came back like I said this will happen sometimes where you get the breakout but you do not get the retest on days like this it is important

that we practice patience and we practice discipline of waiting for good quality trades just because we see a stock breaking out does not mean we enter because we know especially looking at these results down here so far that if we simply wait the setup will come to us and we will make profits over a long period of time so we don't want to be focused on the short-term gains but rather the long-term profits so with that being said this is Friday let's go over to Monday all right so here we are on the last week

for this monthlong back test and we're looking for the same parameters like I said so far in the video you should have been able to see exactly how I execute every single 5 minute setup and now for this last week we're going to do the exact same thing and then at the end of the video I'm going to show you the full results and stats for this whole one month month back test so as we can see so far the stock is simply consolidating within this 5minute range we want to see a break and then

we want to see a potential retest all right so we just got the breakout here let's see if we can retest back into this 5-minute range low so far we came back near the 5minute low but unfortunately we were not able to have the retest we are moving back to the downside and here unfortunately it's past 11:00 it's 11:02 and we did not get the retest here therefore this is another day where we have no trade day now it's important to mention because I'm back testing on QQQ or technically NQ as well this is one

specific stock or indic that I'm trading however when you're trading in real time you most likely will have one or two different stocks that you could look at on a daily basis so you want to keep that in mind but over a one Monon period on one stock itself so far the results have been pretty good now let's go over to the next day which is Tuesday all right here we are on Tuesday now we only have a couple more days until we're done this back testing session but on Tuesday we can see we actually

got the breakout and then we got this immediate retest of the breakout here as well so how could we look to potentially enter this trade well this would be a long position we would be looking for here our stop loss is going to be the Candlestick closure below the impulsive candle that broke out and we need at least a two R multiple so let's enter into a buy position here and see what happens and just like that in 1 2 3 4 5 minutes we were able to make $580 and be done the day at

942 most of these trades excluding the one trade we took in the first week have only been 10 to 15 minutes at Max so using the strategy for most days you would be done the day with profit or loss before 11:00 a.m. eastern so this was a $58 day let's flatten out this position here and let's go over to the next day okay so here we are on Wednesday we only have two more days left for this 5-minute range retest let's see if we can get a potential 5-minute range retest so so far this has

been pretty choppy and as we can see now we are actually moving to the upside and it seems like most likely like the other previous days when we move to the upside after that big breakout we're most likely not going to get the retest and in this example it seems like this was the case as well so this was Wednesday we only have Thursday and Friday left meaning we only have two more days of this week to see the full results and then finally at the end I'll show you the full Statistics over the one

month back test all right so here we have the 5 minute high and we have the 5 minute low now on this specific day we have a lot more range QQ is simply barcoding in between the 5 minute High and the 5 minute low we want to see the breakout first of one of these levels before even potentially looking to plan a trade now here we can actually see we got the low of day and then we got the immediate retest now because this is the first low of day attempt and we got the immediate

retest we can look for a potential short position here our stop loss here would simply be a break back above into the 5-minute range and we we need at least a 2 R multiple in this scenario here our 2 R multiple would come all the way 525 level let's enter into a short position and see what happens all right so here unfortunately we got stopped out of this trade as well this was a chop year day we also entered on an immediate retest and we got stopped out of this trade as well this was Aus

$620 day we are back at $12,700 now we have one final day left for this one month back test so let's go over to the final day all right so here we are for the last day we marked out the 5- minute High and the 5 minute low we can see we're actually breaking out of the 5minute high here and what we want to see is if we can get a potential retest into the 5minute high now on this day it seems like we had a pretty impulsive move to the upside so we'll see if

we can get that potential move back into that 5 minute Range High and right here we just got the 5- minute range retest now this is a strong price action candle as well so we can look to enter into this trade our stop loss is the Candlestick closure below the impulsive candle that we broke out from and our profit Target here would be high a day now this would be a 2.37 risk herward trade let's enter into this position and see exactly what would happen and unfortunately we just had the candle closure below our 5minute

Range High this is a $760 loss unfortunately for the last day but now that we're done every single day let's flatten out this position and see exactly the stats over one month span so as we can see we did a full one month back test on QQQ using only the 5 minute opening range retest strategy and these are all the executions we did over the one month now the total stats here is we made $1,940 now like I said quality over quantity was key and we only had 14 trades in the whole month this gave

us a 78 % win rate over that whole month with an 8.75 profit factor meaning for every dollar we were risking we were making $8.7 so if we risked $100 we would have made $875 and the maximum draw down we had was $1,380 and our average trade was $852 186 and here we can see that a little bit more clearly $11,000 net profit we made 13,000 but unfortunately on the trades we lost we lost $1,540 and like I said the most important factors are going to be your profit factor which is an 8.75 and your

win rate which here it is 78% now a 78% win rate with an 8.7 risk reward is a fantastic strategy now these numbers for this specific month were a little high in my opinion however I hope you were able to see not only the Simplicity of the strategy but the profitability as well and once again these are all the trades that we took for the profit and loss that we had so I hope this video helped you understand why a simple strategy is better than a complicated strategy with proven results on top of this if

you want to go even more in depth with this strategy and learn everything that I've learned in the last 7 years the first link in the description is going to be an absolutely free ebook that I personally wrote going over everything I learned in the last 7 years so make sure to get your free ebook with the first link in the description if you enjoy this video make sure to leave it a like if you have any questions put them in the comments down below make sure to subscribe to the channel and follow me on

Instagram and Twitter and I will see you guys next week with a brand new video