The video discusses a new and improved gold trading strategy called Krita G with added entry filters and risk management measures. The Stochastic RSI is used as an entry filter with specific zones for buys and sells. The stop loss is set at half of the previous 14 candles’ average true range or above/below the entry AMA. The risk level starts at 0.5% and can increase with confluences using market structure or candle patterns. The take profit is set at 2:1. The video demonstrates some trades using the strategy and discusses the potential risk and reward for each trade. The audience is asked for feedback and to participate in a live backtesting session.
The Ultimate Test: Using the Krita G Strategy on FTMO
Introduction: Revamping the Krita G Strategy
– Overview of the Krita G strategy
– Introduction of new and improved tweaks
– The importance of feedback from viewers
Entry Filters and Risk Levels
– Details on the new stochastic rsi entry filter
– Explanation of stop loss and its display indicator
– Risk levels and how much to risk based on confluences
Taking Trades and Analyzing the Charts
– Analyzing chart movements and identifying entry points
– Review of a successful trade using the Krita G strategy
– Identifying market structure and adding confluences
Conclusion: Results of the Krita G Strategy on FTMO
– Summary of the Krita G strategy and its tweaks
– Results of using the strategy on FTMO
– Closing thoughts and next steps for viewers.