It is the beginning of June and it is time for me to update my BTB Strategy Performance Report for the month of May 2016.
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.
I will like to share an email that I have received just today when writing this post.
Forex trading is indeed one of the best way anyone can grow their money as it allows us to compound the growth of our account.
Quote From Einstein
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
So put in every effort you have into learning forex trading and you will never have to work for anyone again.
Below are the details of each trade taken using my BTB strategy
- 3rd May 2016 : +50 pips
- 5th May 2016 : +50 pips
- 5th May 2016 : -25 pips
- 19th May 2016 : Breakeven
- 2nd May 2016 : +50 pips
- 9th May 2016 : +50 pips
- 9th May 2016 : Breakeven
- 10th May 2016 : -25 pips
- 30th May 2016 : +50 pips
There are a total of 9 trades taken and out of them, there are 5 winning trades, 2, breakeven trades and 2 losing trades.
Profit & Loss Report
Profits = 5 x 50 pips = 250 pips
Losses = 2 x 25 pips = 50 pips
Total Profits with BTB for May 2016 = 200 pips (Equivalent to $2,000 profits based on trading 1 standard lot per trade)
As for the rest of my strategies, they have made me 750 pips in total which is a decent month of trading for me.
In total, I made 950 pips (Equivalent to $9,500 profits based on trading 1 standard lot per trade)
For those of you who are interested to receive my BTB Signal Service , you can take a look at the link below