It is time for me to update you guys the performance of my break the bands strategy which is one module within my Forex Street University Course.
As the market is very volatile at the moment, there are not many trading opportunity for this strategy. However one good thing at the moment is there is not a single losing trades done for this strategy so far this month.
Information about Break The Bands Strategy
The Break The Bands strategy is formulated by me for my own trading and you will not be able to learn it elsewhere. Do note that personally I used this strategy only on the 15 minutes chart but feedback from students tell me that it works pretty well on other time frames as well.
Do note that this strategy does not have 100% winning percentage. In fact, all my strategies do not have 100% winning percentage as there are no such strategy on earth. If you want to become a profitable trader like me, you will first have to realize the fact that there is no way you can win 100% of the time.
What we traders look for is a strategy with at least 70% winning percentage and risk reward ratio of 1:2. With such a specification, you will find that you will be profitable every single month in trading like me.
Some readers thought that break the bands strategy is just as simple as waiting for the price to break the bands and they are absolutely wrong. There is a process where you need to use to verify if the trade is valid or not. This is to prevent you from getting into more losing trades and this is a techniques that I have derived over the years to allow me a lot more winning trades than losing trades in this strategy.
In total, there are 3 breakeven trades and 4 winning trades and below are the details.
- 4th March 2015 : Breakeven
- 6th March 2015 : +50 pips
- 4th March 2015 : Breakeven
- 3rd March 2015 : +50 pips
- 5th March 2015 : Breakeven
- 12th March 2015 : +50 pips
- 13th March 2015 : +50 pips
In total, 7 trades were triggered with this strategy and out of them, there are 4 winning trades and 3 breakeven trades.
Profits = 4 x 50 pips = 200 pips
In total, I made 200 pips profits with this strategy so far for this month. (Equivalent to $2,000 based on trading 1 standard lot per trade)
When combined with the other strategies in the Forex Street University Course, I am still making a good profits for this month.
I understand that a lot of you have been very cautious when looking for a forex course as there are a lot of lousy courses that are created by marketers trying to make money from those of you who are interested in trading. These people are not real traders and this explains why those strategies that they teach do not work. In fact, I have purchased several low quality courses when I am new to trading and therefore I understand your concern.
You can take a look at my course but do not rush into buying it, have a feel of the way I teach in those articles and videos in this blog before you decide if this course is for you. There is no point in getting a course where you do not like the teaching style.
For those of you who are not in any forex course and are still struggling in your trading, you can take a look at my Forex Street University Course below
If you will like to learn how to trade from me, you can take a look at my Forex Street University Course below