Hi all
I am farely new to this and was wanting to know if anyone has a strategy that makes 40 pips a day please?
It would be greatly appreciated
Thank you
Ok, that link doesn’t work…try this one…
http://forums.babypips.com/free-forex-trading-systems/1487-between-40-100-pips-per-day-100.html
pssst…always preview your posts and test your links 
Doh!!
Good thinking Batman!
:rolleyes:
Personally I don’t think the issue is the amount of pips you make but the fact that you think you can make that much every day (unless you plan to make only a few pips a day, say 5 pips which you can from a lot of small zig zag graph movement) but 40 pips you can make once, even more than that but not daily or at least not likely
Yeah you are right!! Nobody can predict when the market will break-out on daily basis and furthermore the market is not necessarily making break-out day in day out. And i think those people who claims that they make 100 to 200 pips daily are lacking of their rationality and illogical. And this is not including losses which might put your profit to negative position lol.
The forex is really unpredictable especially when you are trying hard to push yourself trade at the smallest time frame. You will have a lot of doubts and putting stop losses everywhere to prevent counter break-out lol.
Aim to make 10 pips 4 times a Day.
That should be easy.
I personally make 20 pips a day. Then I walk away from my computer…just part of my money management plan
Often times, at least this week, I have been exceeding my goals, simply due to the fact that I can’t close the trades fast enough. 
The strategy I use is found here:
THE JOY OF CANDLESTICK TRADING- a Learning Experience
Best tip I can give you: find a successful trader, and copy them, completely. Tymen has some solid information there.
Anybody here trade forex full time for living or mostly beginner.
They could be averaging it out, I’ve seen a site that said 1200 pips or some really obnoxiously high number like that. I’m assuming its total range through out some large period, like a year or so. The ‘system’ I bought suggest the euro gets 76 pips a day or so. Thats averaged as the daily ‘run’ from what I was able to understand (usually during the london session) and given the track record of some other students (who dont strickly speaking stick to his system) most of them try for about the full range (second or third level TP) but only average 100-200 or so pips a week. But thats going by pips, not by profit.
For example if you keep going up and follow the 1% MM rules, your profits going to keep being more and more. Following his system after 3 losses your done for that day, 2 and you cut your trades to 1/2 or so – I think (could be sombody elses sytem :eek: ) When your doing good you generally put one trade in a day, sometimes two. You also dont trade sunday night/monday day’s, or friday afternoons.
just1wade: I strongly suggest you demo some of your own systems, and wait untill you figure somthing out. I’m just at that point. I’ve traded other peoples systems incorrectly – the system works, but it didnt when I did it. Not because of any one thing but because I didnt always understand some basic principals. So let me ask you are you after a 40 pip a day goal, or are you after ‘just trading for some money’. Just some food for thought.
So far I’ve found it benificial to question every goal, or assumption I’ve had related to forex, espically those I had formed early on. Quite frankly now I’ld be happy with a consistant 50 pips a week! I’m getting there though
Good luck to you!
When i try to click this link i only get a white window
is this page deleted by the admins?
It works when I click on it…from different computers in different locations…maybe you just have to give it a few more minutes to display…I notice that this website lags a lot!
I have tryd many times to refresh page but its still white
strange thing is that i can see any other threads or posts with no problems.
Also when i search for the member James and ty to click his posts
its also the same.
Could any mods or admin have blocked my ip for only the make 40-100 pip a day thread? 
I highly doubt it.
Anyways, here’s what you’re missing:
Hi Everyone
IB TRADING
This system is very simple and requires only one indicator.
The system works in anytime frame and with any pair
The Indicator you need is Slow Stochastic setting 8.3.3 some platforms will only allow 8.3 that�s ok.
Next the key part of the system in all trades is the INSIDE BAR or IB
An IB is simply when the current bar is less than or equal to the bar to the left of it. The inside bar can also be the same size as the previous bar.
THE INSIDE BAR is a standard technical analysis pattern; however most people over look it. You can also use an outside bar or OB.
HOW TO TRADE THE IB
First look for an IB to form then check if it�s a valid IB with the stochastic indicator set up.
STOCASTIC INDICATOR SET UP
when stochastic are below or around the 20 and oversold and starting to hook round look for an IB to go long, When stochastic are up to 80 and above and starting to hook round in overbought look for an IB to go short you will find them the best in trending markets also range bound markets but if the price action is choppy stay out.
The Stochastic don’t have to be exactly 80-20 but it is stronger signal if they are. Sometimes as an example they may at 35 as long as they start to turn and hook up and an IB forms it�s a possible valid trade.
To enter a trade wait for the next bar after the IB to go up 1-2 pips higher than the IB for a buy signal or 1-2 pips lower for a sell signal.
Also the shadow of the IB must be inside the prior bar as well in the overall size otherwise it�s not a valid signal.If after the IB formed you get another bar the same size as the IB and it doesn�t go 1-2 pips either way then you may look at up to 3 more bars after the IB bar to confirm a signal and enter a trade. If you don�t get a signal stand a side and wait for a new IB to form.
STOPS & EXITS
For stops and exits you can trail a stop at the bottom of the prior bar to the IB by 1-2 pips if you�re more Aggressive 2 bars below the prior bar to the IB.
Exit when stochastic cross in the opposite direction but becarefull when going long as when stochastic hits 80 it can hang around a while first before carrying on up or just staying flat in a strong up trend so wait for a hook down and heading under the 80 level or a reversal candle to exit.
Also to exit look for the big numbers if you were trading GBP/USD for example look for the market to turn around at 1, 9000 / 1, 9020 /
1, 9050 / 1, 9080Try not to enter trades around the big numbers wait for price to go through and retrace to the support or resistance then look for an IB to form and take the trade.
I look at a 1 hour chart first and see what the over all trend for the day is going to be then trade off a 15 min chart for the day.
One of the benefits of this System is it can get you into trades early before the crowd.
Once you have demo the system how would you like to trade live with me.
Register here at my live trading thread
40-100 pips per day LIVE TRADING
Regards
Jim
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thanks for your effort ,but i found my solution in the bugs&suggestion section .
used ccleaner and everything is ok.
i even can use quick reply again.
but anyway thank you again for your help
I am also newbie. but from huge study and practice I came to know that its really bad idea to trade targetting like 10 pips or 40 pips.When u trade huge ammount of cash then only 20 pips/daily can make u rich.Ok u win 20 pips today, next day 20 pip. but if u loose 50 pips day after tomorrow wht will happen? So we must trade setting S.L. It can protect u from crash. I have been experienced it many times. So now I am praticing to set smart S.L. Practice money management rule.Remeber there is no proven way of getting certain pips daily without any risk.If there were then I must ionvest all of my money in FX and trade in that system.
Hi everyone
I just wanted to say thank you for all the advice that you guys gave me it is much appreciated. I read all posts and it changed my mindset and goals I suppose I was one those people that saw this as a get rich quick thing…
I now see it as just being an interesting and fun business venture.
Thanx
Wade
Interesting thread.
I have been trying to decide on a strategy and like some of the ideas here.
The biggest problem for most seems to be greed. That is, wanting to catch every pip that moves each day, something I have fallen foul of before.
I like the idea of aiming to catch 10 pips per trade, but with multiple lots.
i.e, 3 * $10 lots * 10 pips = $300.
Thats fine as long as you dont risk to much… If your trading with $10 to keep risk at 1-5% you should have a fairly large, ok very large trading account.
Your risk goes by how many pips your stoploss should be, its not an abitrary number it should be included in any stragie. When I trade on my demo its anywhere between 20-150 pips. Quite a big diffrence.
I prefer to do what I was told is best to do reguradless of your account size and thats playing the percentages. If your stoploss is say 20 pips, and you expect a 40 pips profit, you would get 2* what you risked. for 150 pips you need atlest 300 pips to get double what you risked. Granted my trades dont always work that way, I just closed a trade that got 70 pips profit with a 10 pip SL, and I’ve also had some trades that had lets say 20 pips SL with 10 pip profit.
You are doing well here.
2 ratios to consider…risk/reward which at worst is 1:1.
And win/loss ratio…gathered after many trades.
As long as both are +ve you will be ahead always.
2 lots (multiple lot) trading has the powerful ability to produce these results when single lot trading produces nothing but losses.
To save me doing a lot of typing, have a careful read of the following hyperlink. I believe you will gain much.
http://forums.babypips.com/analyst-arena/12562-using-multiple-lot-positions-improve-trading-fx.html