It is the beginning of Feb and it is time for me to update you guys the performance of my BTB strategy for the month of Jan 2017.
It was quite a tough trading month for Jan as the market is responded irregularly due to the uncertainty of the market caused by Trump policy.
As my BTB is a trend riding strategy that provides high risk reward ratio, there are lesser trades this month as compared to other months. With the lack of momentum and trend, the strategy does not perform as well as other months but still it makes me profits in the end with the high risk reward ratio which again demonstrate to you the importance of risk reward ratio in trading.
The purpose of this performance report is to help students check if they had taken the same trade as me throughout the month or not. At the same, it is to show readers that risk reward is the key to profitable trading.
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 forex 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 I have just received from a student of my Fx course and user of my trade copier service
- 4th Jan 2017 : +50 pips
- 9th Jan 2017 : -25 pips
- 25th Jan 2017 : -25 pips
- 16th Jan 2017 : -25 pips
- 23rd Jan 2017 : Breakeven
- 16th Jan 2017 : -25 pips
- 26th Jan 2017 : +50 pips
- 12th Jan 2017 : +50 pips
- 18th Jan 2017 : +50 pips
Profit and Loss Report
Profits = 4 x 50 pips = 200 pips
Losses = 4 x 25 pips = 100 pips
Profits = 100 pips
As for the rest of my strategies I teach you guys in my fx course, they have made me 670 pips in total which is a decent month of trading for me.
In total, I made 770 pips (Equivalent to $7,700 profits based on trading 1 standard lot per trade)
In order to help my student grow their account with my BTB strategy, I have created a Forex Signal Service where students can link their account to mine so that whenever I enter a trade on my platform, it will automatically be triggered on their account with the same stop loss and target profit as me.
Do note that I will be trading BTB as well as the trend strategy for user of my trade copier service. However I will select those trades with highest winning probability for my users.
If you are interested to find out more about this copier service, simply click on the link below for more information