It is time for me to update you guys the performance of my BTB Strategy for the month of Oct 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.
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 is the screenshot of one email I have received from my students
EURUSD
- 2nd Oct 2018: +50 pips
- 9th Oct 2018: -25 pips
- 18th Oct 2018: -25 pips
- 19th Oct 2018: -25 pips
- 23rd Oct 2018: -25 pips
GBPUSD
- 2nd Oct 2018: +50 pips
- 5th Oct 2018: +50 pips
- 9th Oct 2018: -25 pips
- 23rd Oct 2018: -25pips
- 25th Oct 2018: +50 pips
- 26th Oct 2018: Breakeven
- 30th Oct 2018: +50 pips
USDJPY
No Trade
GBPJPY
- 22nd Oct 2018: +50 pips
Profit and Loss Report
Profit = 6 x 50 pips = 300 pips
Loss = 6 x 25 pips = 150 pips
Total Profit = 150 pips
Despite a very volatile situation on the stocks market, the BTB strategy still manage to produce another month of profitable trading and this is made possible because of the good risk reward ratio of the strategy.
If you take a look at the report above, you will see that we have 6 wins and 6 losses which make a 50% winning percentage last month. Yet we are still able to make 150 pips profit which is impossible if you have a strategy with a low risk reward ratio.
Especially on the EURUSD, we had 4 consecutive losing trades in a row at the start of the month and for most people, they will start to doubt the strategy and stop using it. Because I have strong confidence in the strategy after using it for years, it eventually made back all the losses and turn into profits.
One thing I want to tell you guys here in my blog, there is no strategies that win 100% of the time. Even the best strategies do have consecutive losses but as long as you stick to it, you will become profitable again.
With the combination of the other strategies taught in my Fx course, I still manage to clock in 1080 pips in total (Equivalent to $10,800 based on trading 1 standard lot per trade).
Besides my forex trading, my Special EURUSD Scalping technique makes me a total of $15,800 which makes October a good trading month as well.
Click Here For My EURUSD Scalping Technique
For those of you who want me to trade your account for you while you learn how to trade from me, please take a look at the link below
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