100% 5 pips wining trade ?

[nazoreen]

Hello,

I'm looking for something to be sure to make 5 pips per trade (100% wining trades for a long period).

Have you got any idea to do this ?

Thank you !

[bkr1969]

Hmmm...100% winning trades. Have you checked with Harry Potter?

There's no such thing as 100% winning trades. There are lots of ways to make 5 pips or 50 or 500 on trades, but you should set your sites a little lower, like 55-60% winning trades. Plus, 5 pip gains don't give you any room for stop loss, don't even cover the spread for some pairs.

[nazoreen]

Thank you for your answer.

I'm not looking for an impossible method, I'm sure we could make 5 pips per trade or 5 pips per day on M15 or H1 without StopLoss and with 100% wining trade.

Method you think about, is scalping but I'm not interesting about scalping.

I would only a method to make 5 pips per trade or per day and I think it could be possible.

Sure 30-50 or better pips could be possible but without 100% wining trade.

Thank you.

[edacsac]

I'm sure you could make 5 pips a day at least a 99% of the time on the M15. You'd be watching multiple pairs and waiting for good setups with confirmation. Then you could slip in for 5 pips and get out. I don't know why you'd be happy with 25 pips a week unless your a millionaire.

Method you think about, is scalping but I'm not interesting about scalping.

Any way you slice it, taking 5 pips is scalping. You can call it whatever you want, but it's still scalping. And, if your going to go through all the trouble to have a perfect record on 5 pips a day, why wouldn't you allow room for losses and devise a system that will take more pips overall and actually have the potential to supplement your income?

[nazoreen]

Thank you !

Sure I could make more than 5 pips a day, but it is the goal I would like for the first time.

Most of the time I make between 30-100 pips a day but it is about 70%-80% wining trade.

About my income, my capital have 7 numbers in €uro, so I don't need to make 100 pips per day, I prefer something less risky.

About scalping, yes it is, but not for my broker (MIG)

Thank you !

[mtandk0614]

[quote=edacsac;71084]I'm sure you could make 5 pips a day at least a 99% of the time on the M15. You'd be watching multiple pairs and waiting for good setups with confirmation. Then you could slip in for 5 pips and get out. I don't know why you'd be happy with 25 pips a week unless your a millionaire.
QUOTE]

Hi edacsac,
I fully understand what you are saying...but dont let pip count and financial gain become binded together.

If...and thats a big IF a system can be created to produce 5 pips on a trade with no downdraw (except the spread at the begining of the trade). Then a person could use very high lot sizes.

I trade small lots...very small so if I get a 100 pip gain I made $1 (USD). But someone else can make 5 pips a day...thats 25 pips a week for 52 weeks a year thats 1300 pips a year...if their pip value was $10(USD)...well....thats $13,000/year....not too bad for spending 2-3 hours infront of a PC every day.

I don't want to argue w/ anybodys logic because I think your both correct...I just wanted to point out that 5 pips a day can indeed produce a suplimental income.

Happy Hunting

[edacsac]

[quote=mtandk0614;71093]

Originally Posted by edacsac

I'm sure you could make 5 pips a day at least a 99% of the time on the M15. You'd be watching multiple pairs and waiting for good setups with confirmation. Then you could slip in for 5 pips and get out. I don't know why you'd be happy with 25 pips a week unless your a millionaire.
QUOTE]

Hi edacsac,
I fully understand what you are saying...but dont let pip count and financial gain become binded together.

If...and thats a big IF a system can be created to produce 5 pips on a trade with no downdraw (except the spread at the begining of the trade). Then a person could use very high lot sizes.

I trade small lots...very small so if I get a 100 pip gain I made $1 (USD). But someone else can make 5 pips a day...thats 25 pips a week for 52 weeks a year thats 1300 pips a year...if their pip value was $10(USD)...well....thats $13,000/year....not too bad for spending 2-3 hours infront of a PC every day.

I don't want to argue w/ anybodys logic because I think your both correct...I just wanted to point out that 5 pips a day can indeed produce a suplimental income.

Happy Hunting

Thats true, point taken. I look at it from lowly perspective that if I eventually fund my account at my plan of $10k, and using 3% MM with lot sizes of 0.03, my pips would be worth $3 each (if I understand correctly). So indeed, if you have 100k in your account, 5 pips a day can be worthwhile.

[nazoreen]

Thank you mtandk0614,

Exactly, I trade 100 Lots per trade, this is why my goal is only 5 pips a day.

And this is an enough income per week/month or year.

Just to be more precise, the goal is 5 pips + spread.

I trade only EUR/USD and the spread is 2 with MIG, so to be logical the goal is 7 Pips a day.

Thank you all.
Have a nice day !

[forexraider]

There are no hard and fast rules to forex trading.
Its all about your Skills, trading personality, your mood and the mood of the market.

One thing is sure, you can make more than you expect.

I would refer you to do further or revert to the babypips school.
It will surely help you.


From
Forexraider.

[nazoreen]

Thank you Forexraider !

Yes, read again BabyPips School could be interesting.

But if you have a method to make safely 5 pips, it could be interesting too

Thank you again !