I Tested Elliott Wave Theory with $1000 - How to Trade Elliot Wave Like a Pro - EASY STRATEGY

I Tested Elliott Wave Theory with $1000 - How to Trade Elliot Wave Like a Pro - EASY STRATEGY

In today's video, we backtest Elliot Wave theory and evaluate a strategy submitted by one of our subscribers, you need to watch this video if you want to trade Elliott wave theory like a pro.

Elliott wave theory is one of the most basic concepts that traders should consider while trading Forex, Stock, and other financial markets. the theory allows you to anticipate the price movement as Elliott wave theory is designed to describe the price movements and predict the future trend direction. It takes time to learn how to trade Elliot wave theory like a professional trader but today's video will give you the basics.

The Elliott Wave Theory is a popular form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in market sentiment and trader psychology. The theory identifies various styles of trading including impulse waves that set up a pattern and corrective waves that oppose the larger trend. In this video we backtest the Elliott wave theory using an expert advisor and this is slightly different from the regular video where we test trading strategies 100 times.

Make sure to watch the entire video to learn how to trade Elliott wave theory like a pro.

#Elliott_Wave_Theory #Backtested

Our Recommended Courses:

Contact us:

Start Trading Today:

Our Recommended Course:

Support Our Channel:

Download:

[khalidini]

Waves in the video can't be applied to the EW guidelines

[bigbosssauce]

It may just be because I'm a beginner with EW, but the wave counts seem really suspicious

[o_Maverick_o]

why did you waste your time making the video if you wont even follow the rules of elliot wave. You butchered all the counts

[epartsacc]

In your 2nd example, how can wave 3 be be that short? Isn't his a violation of the Elliott Wave Rules?

[cooltrades]

Wrong count of waves . Some correction patterns are counted as a wave . That changes the whole set up.

[diegomatos]

This is bullsht, wave 3 can't be the smallest wave...

[cplmcdeath]

I came for the thumbnail girl…. She’s not here

[coolcat]

6:00 how is wave 3 the longest in this example? And wave 4 clearly retraces beyond wave 2.

[RagingPotatoes]

Almost everything is wrong here, all counts have their respective "Fib ratios" where you respect them with what you've said "rules". Also all fib counts have their own counts as well which are micro counts.

[jensbernhard]

At 6:40 wave 3 is the shortest wave but that goes against EW rules hence it’s a wrong wave count.

[CountTrader]

EW is by far the absolute best type of technical analysis. Classical TA and indicators help, but EW should be the backbone of swing trading.

[cyyylas]

To everyone learning to trade. Keep in mind that forex is a longterm game. Good luck 💪🏼

[danieludah]

THIS ISN'T ELLIOT WAVE MAN. IT IS YOUR WAVE

[hsab]

don't waste your time if you are looking for an Elliot Wave strategy.. this has nothing to do with Elliot wave as it has no respect for its rules

[xiereno]

How can example 2, wave 3 not even went over on wave 1 low ?

[kxlee]

Maybe learn the basics of elliott wave before backtesting it

[vincentkrawiec]

This just hurts watching. Why say rules at the beginning if you aren’t going to follow them anyways

[nathansingleton]

This is completely incorrect as wave 3 cannot be the shortest wave!

[infernosfmatt]

It’s just a breakout strategy. Random counts for EW not taking into account price and time and previous structure. Guess you gotta do something to make content eh :)

[keithhuett]

You dont know the rules wave three is always the longest of the 5 waves. Here you have wave one being longer than wave three.