10 pips per day

Trading Systems Free Forex Trading Systems
1

I found this on other forums but its very useful for just getting atleast 10pips per day.

  1. 5 EMA applied to close (Red)
  2. 12 EMA applied to close(Blue)

RSI with 14 and level 50.

TF : 15mins

Buy Alert:
Buy when 5 cross 12 upside and RSI cross above 50

Sell Alert:
Sell when 5 cross 12 downside and RSI cross below 50

Take profit: 5pips (I use TP as 10pips)

Stoploss:

For buy trade: Low of Previous Candle(which is closed before crossover)
For sell trade: High of Previous Candle(which is closed before crossover)

I traded absolute 200+ trades with 22 trades hits stoploss. And 187 trades profit with 5pips target.
All the best for your trading.

2 Likes
2

i try your system…is interesting…do you have specific time to trade? london, NY ? or just try to get 10 pips of day?

the system is very simpl and working soo far… good job!! thanks for sharing!!

3

Very simple system, I like it. Going to try
Thanks

4

Try mine, work in eur/usd, gbp/usd (because I only trade those)

  1. 5 EMA (Green/uptrend)
  2. 10 EMA (Red/downtrend)
  3. 20 EMA (purple/changing trend)
  4. RSI Period 20
    5 Stochastic (5,3,3)
  5. MacD (not very Important)

Rules:

  1. if green cross-down the red but RSI not yet goes below 50 don’t sell,
    and the red if cross-up but RSI not yet goes above 50 don’t buy.
  2. the purple line just showing the uptrend or downtrend, you can remove it if it makes you confuse
  3. best performance in 1 hour/ 4 hour timeline
  4. use Stochastic to read the divergence and support

Important: green red line crossing have to apply with RSI for the ultimate result and be patient!! we are hunting not to be haunted.

if you can make 10 pips a day with total profit 3-4% of your credit balance in one year you will earn $1200~$1224 * your balance.
Here calculation is :
example your credit balance = $100
quantity you should buy 10040 = 4000 * this means you use up 40% of your balance.
because 1 pip euro cost = $0.0001
so 10 pips you earn 40000.0001*10pips = $4
then add to your balance = $104

and repeat again 104*40 = 4160
in one year you will have 1.04^240 (240 days/year) * $100 = $122,4620.24~
a lot of money isn’t it, but still i have to be patient.

PS: forgive me for my bad english.
Best Regard, vikenoshi

2 Likes
5

I think you’re forgetting to compound those numbers. :slight_smile:

6

How many pips did you loose on those 22 trades?
Which is the spread of your broker?

My broker’s spread is set at an average of 2 pips so:
187*(5-2)=561 total pips earned
561/22=25.5-2=23.5 if the average loss per trade is more than 23.5 you loose money after 200 trades otherwise you’ll gain

Interesting system though

8

thanks i’m gonna try this

9

nagarajnow… You are full of crap… 187 out of 200 with 5 pip gain. you should be a millionaire by now…100 percent win… LOL

10

Not if he’s trading sub-microlots on a $200 account, and a pip is only worth half a cent.

This is basically a scalping set-up, and scalping is only worth your time if you’re trading full size lots.

Also, it sounds like your stop loss is LARGER than your profit target. Recipe for disaster, IMO. I don’t trade set-ups that don’t offer at least a 2:1 Reward:Risk

11

I agree. Scalpers go all in for the kill rather than gather a few cents. I see so many loop holes in this system. How is the exit point identified?

12

First congratulations for such efficient system .
Second, with all do respect, please show some statement regarding to this strategy. Myfxbook log is also great to show it…I’m supper interested to see it :+1: