My Overall Break The Bands Strategy Performance For Feb 2015
It is the start of March and it is time for me to consolidate the outcome of my trades that were taken using my Break The Bands Strategy so that you can have an idea of how my strategy performs.
But before I begin, I want to share this exciting email that I have received from one of my student.
Of course, he has put in the effort to learn and practice what I have taught him to achieve consistent profits today. Like what I have always said, forex trading is not a get rich quick scheme, it is an additional way to make money which can supplement your current salary, grow your wealth or even replace your day job.
I know that there are a lot of you who are struggling in your trading due to a lack of reliable strategy. Trust me, as long as you do not have a good strategy on hand, you will never be able to become a profitable trader and that is why I created the Forex Street University course. This course took me 13 months to create as I put in every effort to make sure that my students learn the exact techniques that I am using.
For those of you who have taken the course, please practice what I have taught you and you will be able to achieve what Tony achieved.
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.
So let us come back to the performance report. You will see each trades that I have taken using the break the bands strategy in my Forex Street University Course.
Below are the details
- 12th Feb 2015 : Breakeven
- 20th Feb 2015 : +50 pips
- 3rd Feb 2015 : +50 pips
- 5th Feb 2015 : -25 pips
- 9th Feb 2015 : +50 pips
- 10th Feb 2015 : +50 pips
- 6th Feb 2015 : -25 pips
- 10th Feb 2015 : +50 pips
- 24th Feb 2015 : +50pips
In total, 9 trades were triggered with this strategy and out of them, there are 6 winning trades, 1 breakeven trade and 2 losing trades.
Profits = 6 x 50 pips = 300 pips
Losses = 2 x 25 pips = 50 pips
In total, I made 250 pips profits with this strategy so far for this month. (Equivalent to $2,500 based on trading 1 standard lot per trade)
When combined with the other strategies in the Forex Street University Course, I made a decent five figure income from trading on February 2015.
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 Street University Course below
If you will like to learn how to trade from me, you can take a look at my Forex Street University Course below