In this post, I am going to consolidate the overall performance for the Break The Bands Strategy for the entire month of March 2014 on 4 currency pairs that I am using it on.
Do note that the Break The Bands Strategy is a module inside the forex course. The break the bands strategy has a stop loss of 25 pips per trade and target profit is set at 50 pips per trade.
When the price moves 25 pips in my favor, I will shift the stop loss to breakeven which is one technique that I also teach in the forex course. This is a technique to protect our trading account.
That is why you can see some trades that are breakeven.
Believe in your strategy and you will find that it can make you money even with such trades.
EURUSD
- 7 March 2014: +50 pips
- 13 March 2014: +50 pips
- 14 March 2014: -25 pips
- 17 March 2014: -25 pips
- 20 March 2014: +50 pips
- 25 March 2014: -25 pips
GBPUSD
- 6 March 2014: -25 pips
- 11 March 2014: Breakeven
USDJPY
- 5 March 2014: +50 pips
- 31 March 2014: +50 pips
GBPJPY
- 5 March 2014: +50 pips
- 28 March 2014: +50 pips
- 31 March 2014: +50 pips
So far, the break the bands strategy took 13 trades in total and there are 8 winning trades, 4 losing trades and 1 breakeven trade. This strategy alone made me 300 pips profits so far for March 2014. To me, this is a great strategy and when combined with the rest of my other 7 strategies in the Forex course, I have a great month so far in trading.
For those of you who are my Forex course students, I hope that you are making the same profits as me.
For those of you who are interested in learning this strategy, you can take a look at my Forex Course by clicking on the link below.
Click Here For My Forex Course
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