It is the beginning of the month and it is time for me to update you guys the performance of my BTB strategy for the month if Jan 2016 and this blog is now on its 7th Year.
In fact, it is pretty amazing to think back and I find it unbelievable that I have actually updated this blog twice weekly for 7th years now.
Do note that there is no strategy that wins 100% of the time. My BTB strategy does also produce losing trades at times and you can see them on my past performance report.
Information about BTB Strategy
The BTB 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.
Do note that I have the habit of shifting my stop loss to breakeven when the price has moved certain pips in my favor and I also teach this techniques in my course to help my student protect their hard earned money.
That is why you will see breakeven trades in my performance report. Sometimes, there will be trades which trigger the breakeven stop loss and then moved in our favor, but this is something we have to accept as a trader. The difference between pro trader and new trader is the protection of account.
Pro trader cares about their account more than profits as there are always another trade available as long as we have money in our account. New trader only cares about the profits and nothing else.
Below is an email that I have received from one of my student
- 5th Jan 2016 : +50 pips
- 26th Jan 2016 : -25 pips
- 27th Jan 2016 : Breakeven
- 5th Jan 2016 : Breakeven
- 7th Jan 2016 : +50 pips
- 18th Jan 2016 : -25 pips
- 22nd Jan 2016 : +50 pips
- 28th Jan 2016 : Breakeven
- 18th Jan 2016 : Breakeven
- 3nd Jan 2016 : +50 pips
- 6th Jan 2016 : +50 pips
- 19th Jan 2016 : +50 pips
- 22nd Jan 2016 : +50 pips
- 28th Jan 2016 : -25 pips
Profit and Loss report
Profits = 7 x 50 pips = 350 pips
Losses = 3 x 25 pips = 75 pips
Total Profit = 275 pips
As for the rest of the strategies I teach in the course, it makes me 825 pips profits which is pretty decent in my point of view.
In total, I made 1100 pips for the month of January 2016 and I can says that this is a good start for the year.
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