In this post today, I am going to update you guys on the performance for one of my strategies in the Forex Course known as the Break The Bands Strategy.
The Break The Bands strategy is formulated by me for my own trading and you will not be able to learn it elsewhere.
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.
As for the entry, there is also a technique for it so that you can identify the best entry point so that you can grab more profits.
The purpose of this report is not only to showcase the results of this strategy but also to allow the students of my Forex Course to be able to see if they miss out any trades or not so that they know how good they are now.
The strength of this strategy is its good risk reward ratio and good winning percentage. So spend sometime to look through the results below.
Before I go through the details of each trade, I will like to share this amazing email that I have received from one of my Forex course student.
He uses all my strategies taught in the Forex Course and trade them on the 1 minutes chart instead of the 15 minutes chart that I have suggested and he got such an amazing results.
In fact, for both months, he has obtained a winning percentage of more than 90%. I believe that he has made a decent income from these 2 months of trading.
I am very happy for him as he has now obtained a lifetime skill that can make him money for the rest of his life and that is the purpose of this blog and my course. It feels good to be able to change people’s life.
So let us start to go through each individual trade taken using the Break The Bands Strategy for the month of July 2014.
- 3rd July 2014 : Breakeven
- 8th July 2014 : Breakeven
- 15th July 2014 : +50 pips
- 30th July 2014 : Breakeven
- 1st July 2014 : +50 pips
- 23rd July 2014 : Win
- 25th July 2014 : Win
- 31th July 2014 : Win
- 31th July 2014 : Win
- 4th July 2014 : +50 pips
- 25th July 2014 : Win
- 2nd July 2014 : -25 pips
For the trade above, you can see that the price moved down to hit the stop loss first but later moved back up to hit our target profit. This is something that does happen in trading and you must be mentally prepared for it. Do not be discouraged or get emotional over the market if this happen.
- 7th July 2014 : +50 pips
- 31th July 2014 : Lose
As a whole, 14 trades were taken with these strategy and out of these trades, there are 9 Winning Trades, 2 Losing Trade and 3 Breakeven Trades. Each winning trade makes 50 pips while each losing trade loses 25 pips and below are the profit calculation.
Profits Made So Far: 9 x 50 pips = +450 pips
Losses Incurred So Far: 2 x 25 pips = -50 pips
Total Profits So Far This Month: 450 – 50 = +400 pips
From the calculation above, you can see that this strategy has made 400 pips profits so far this month which is equivalent to $4,000 based on trading 1 standard lot per trade.
This is simply the profit from one strategy alone and you can imagine the overall performance of all my strategies as a whole. I often receive emails from readers of this blog telling me that they are not sure if my Forex course is suitable for them and my answer to them is always the same. The Forex course is going to be the last course you ever need to make money from the forex market. All the strategies in this course are the exact one that I am using to trade everyday. If I can make consistent income every month with those strategies, I dun see why you can’t.
However you must put in effort to practice each and every strategy that I have taught you in the course until you are able to execute them perfectly before you start to trade with real money. Even if you just use the Break the Bands Strategy alone, you will still get the same results as above and this strategy has never made a single losing month for me. In fact, I have been updating this strategy performance since 2012 and it has never get a single losing month before.
All the techniques and setup in my course are time tested and proven to work for me for years and that is why I am teaching it to you. As for the rest of the strategies, the combined profits is much more than above and I hope that all my Forex course students are making a good profits from this course.
For those of you who are my forex course students, I will advice you to focus on break the bands strategy first as it is a very reliable and easy to execute strategy. Start making money with it and then move on to practice the other strategies.
I understand that a lot of you have been very cautious when looking for a forex course as there are a lot of lousy courses that are created by marketers trying to make money from those of you who are interested in trading. These people are not real traders and this explains why those strategies that they teach do not work. In fact, I have purchased several low quality courses when I am new to trading and therefore I understand your concern. You can take a look at my course but do not rush into buying it, have a feel of the way I teach in those articles and videos in this blog before you decide if this course is for you. There is no point in getting a course where you do not like the teaching style.
For those of you who are not in any forex course and are still struggling in your trading, you can take a look at my Forex Course below
If you will like to learn how to trade from me, you can take a look at my Forex Course below