It is time for me to update the latest performance report for my BTB strategy for the month of Nov 2016
There are a total of 11 trades taken using this strategy last month and please view the post below for the outcome. For the GBPUSD, I had a 3 consecutive losing trades and this is one thing I want to tell everyone of you who are trading with a reliable strategy. It is okay to have a streak of consecutive losing trades but as long as you trust your strategy and stick to it, you will still be able to make profit from it.
This is provided that the strategy you are using is a proven one and has a good risk reward ratio.
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 are some emails I have received from students of my Fx course and user of my trade copier service
Below are the details of the trade
- 1st Nov 2016 2200 : +50 pips
- 10th Nov 2016 0315 : +50 pips
- 1st Nov 2016 0345 : Breakeven
- 11th Nov 2016 0345 : +50 pips
- 21st Nov 2016 1915 : -25 pips
- 28th Nov 2016 1945 : -25 pips
- 30th Nov 2016 0330 : -25 pips
- 23rd Nov 2016 2145 : +50 pips
- 27th Nov 2016 1845 : +50 pips
- 1st Nov 2016 0345 : +50 pips
- 23rd Nov 2016 2145 : +50 pips
Profit and Loss Report
Profits = 7 x 50 pips = 350 pips
Losses = 3 x 25 pips = 75 pips
Total Profits with BTB for Nov 2016 = 275 pips (Equivalent to $2,750 profits based on trading 1 standard lot per trade)
As for the rest of my strategies, they have made me 800 pips in total which is a decent month of trading for me.
In total, I made 1,075 pips (Equivalent to $10,750 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