It is time for me to update my BTB strategy for the month of August 2018. For those of you who have taken my forex course, you can verify the trade to see if you have missed out on any.
The month of August is pretty volatile due to the US tax tariff but we still manage to make good profits with this strategy despite the below average winning percentage in August and this again show you the importance of risk reward ratio in trading.
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.
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 are some emails and testimonials I have received from my students
EURUSD
- 1st August 2018 : +50 pips
- 3rd August 2018 : -25 pips
- 7th August 2018 : +50 pips
- 10th August 2018 : +50 pips
- 14th August 2018 : -25 pips
- 15th August 2018 : Breakeven
- 21st August 2018 : Breakeven
- 27th August 2018 : -25 pips
GBPUSD
- 14th August 2018 : -25 pips
- 20th August 2018 : +50 pips
USDJPY
- 23rd August 2018 : +50 pips
- 31st August 2018 : -25 pips
GBPJPY
- 3rd August 2018 : +50 pips
- 8th August 2018 : Breakeven
- 31st August 2018 : -25 pips
Profit and Loss Report
Profit = 6 x 50 pips = 300 pips
Loss = 6 x 25 pips = 150 pips
Total Profit with BTB Strategy = 150 pips
Despite a volatile month, we are still profitable for the month and this is mainly due to the good risk reward ratio of my BTB strategy.
With only 50% winning percentage last month due to the US Tax Tariff issue, we are still 150 pips in profits and with my other strategies taught in my Forex Course, we make quite a decent profit for the month
Therefore I will like to take this opportunity to tell you that the most important factor to successful trading lies in the risk reward ratio and not winning percentage
For those of you who may be interested in my Trade Copier Service, you can take a look at my service below
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