It is the beginning of July and it is time for me to update you guys on the performance of my BTB strategy for the month.
I must say that June was not an easy month to trade even for experience trader like me. The volatility is big and you will realize that your stop loss get hit very easily.
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 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 my student
Below are the details of the trades taken
EURUSD
- 2nd June 2016 : -25 pips
- 8th June 2016 : -25 pips
GBPUSD
- 1st June 2016 : -25 pips
- 6th June 2016 : +50 pips
USDJPY
No trade
GBPJPY
- 1st June 2016 : Breakeven
- 1st June 2016 : +50 pips
- 28th June 2016 : +50 pips
Profit & Loss Report
Profit = 3 x 50 pips = +150 pips
Loss = 3 x -25 pips = -75 pips
Total Profit = +75 pips
Total Profits with BTB for June 2016 = 75 pips (Equivalent to $750 profits based on trading 1 standard lot per trade)
As for the rest of my strategies, they have made me 560 pips in total which is a decent month of trading for me.
In total, I made 635 pips (Equivalent to $6,350 profits based on trading 1 standard lot per trade)
For those of you who are interested to receive my BTB Copier Service which comes with a “Pay Only For Profitable Month” policy, you can take a look at the link below
Click Here For My BTB Copier Service
Thanks for the report. Highly agree on the market volatility, particularly on the EUR and GBP since Brexit