It is time for me to update the performance of my BTB strategy for the month of December 2015.
For those of you who are new to my blog, do note that the BTB strategy is one of the module within my Forex Course.
If you are interested to find out more about the course, you can enter your email at the bar beside this post to get access to my 1 Hour Preview to the course.
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.
Before I start to show you the trades taken last month using the BTB strategy, I shall share 2 emails from my students.
Out of the 10 trades, there are 6 Winning trades and 3 losing trade.
Below are the details of the trades taken
- 16th Dec 2015 : -25 pips
- 22nd Dec 2015 : +50 pips
- 30th Dec 2015 : +50 pips
- 8th Dec 2015 : +50 pips
- 16th Dec 2015 : +50 pips
- 6th Dec 2015 : -25 pips
- 2nd Dec 2015 : +50 pips
- 7th Dec 2015 : -25 pips
- 22nd Dec 2015 : +50 pips
Profit & Loss
- Profits = 6 x 50 pips = 300 pips
- Loss = 3 x 25 pips = 75 pips
Total Profits = 100 pips
The BTB strategy made a profit of 225 pips (equivalent to $2,250 based on trading 1 standard lot per trade).
As for the other strategies that are taught in my Forex course, I made a total of 985 pips with those other strategies so far.
In total, I made 1,210 pips in total for the month of December 2015 which is a pretty solid way to end the year.