It is time for me to update the performance of my Break The Bands Strategy which is a module within my Forex Course.
The performance for this strategy is not that good as a whole for this month although it is still a profitable month for this strategy so far.
The main purpose of this report is to show you guys that it is really possible to make a decent income from trading if you have a good strategy on hand.
In addition, this is to let students of my Forex Course see if they had taken the exact trade as me so that they know whether they have missed out any trades or not PLUS they can check if I am lying in the performance report or not.
If you have taken a look at the Forex course, you should know that I have given a 130% refund policy for anyone who pinpoint a fake winning trade on my performance report. This is to show you how confident I am about my strategy as well as how real this report is.
There are a lot of lousy forex courses in the market that are created by marketers and not real traders and I used to be a victim of such courses when I am new to trading a few years back.
In order to take the risk off all students, I have added this 130% refund policy into the course. However please take sometime to go through this report.
Information about 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. 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 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 the trade details
- 1st July 2015 01:45 : Breakeven
- 9th July 2015 01:00 : Breakeven
- 12th July 2015 03:45 : Breakeven
- 14th July 2015 02:00 : -25 pips
- 2nd July 2015 20:00 : -25 pips
- 13th July 2015 03:00 : +50 pips
- 14th July 2015 21:30 : +50 pips
- 3rd July 2015 : +50 pips
Profit & Loss Report
Profit so far = 3 x 50 pips = 150 pips
Loss so far = 2 x 25 pips = 50 pips
Total Profit = 150 – 50 = 100 pip
The break the bands strategy made me 100 pips profits so far (equivalent to $1,000 based on trading 1 standard lot).
This is the one of the few lousy performance by this strategy which I believe has to do with the Greece Problem causing the market to be more volatile and less decisive. However I am still able to make profits from this strategy due to the good risk reward ratio.
However my other 5 strategies made me 425 pips from 1st to 15th July 2015 and in total, I made 525 pips (equivalent to $5,250 based on trading 1 standard lot per trade).
For those of you who are still struggling in your trading, you can take a look at my Forex Course where you will learn the exact strategies that I am using to trade everyday.
To take the risk off all my students, I am offering a 130% refund policy for the course. If you find a single fake winning trade that I have posted, I will refund you 130% of the course fee.