Hello,
I am wondering what peoples average daily pip gain is?
Do many of you get 40 - 50 pips a day?
hi
this question is often asked, but there is no answer. It depends on many variables, what type of trader you are, MM. R/R, skill, how many and what pairs you trade and what TF’s. Some traders have goals of 10-20 pips pd others consistantly make 1000. Others lose
I understand it is not the same for everyone, I am just wondering in this forum how many members average 40-50 pips a day.
I doubt that you will get many useful replies 
My average over the past 5 years is 100 pd but I stop trading when that goal is reached
I personally think it does not matter about how many pips you make but the % return.
Eg
Risk 50 pips and make 50pips is 1:1 Risk to reward
Risk 100 pips and make 50pips is a 1:0.5 Risk to reward
If you are making 50pence on every £1 risked then you need a lot more winners than losers to make the system work.
I strive for an average of 5pips per day on the EURUSD. My positions are sized so that each pip represents 0.1% of my account. I’m targeting 10-20pip gains and have 5-7pip stop losses.
When I’m trading, I try to be extremely selective on the trades I take. I’m comfortable doing this because I know if I can get in on the right trade, I’ll be making 2-4 days worth of gains in a single trade. Also my stops are very tight, so sloppy entries are fatal. I’m watching 90% of the time, and only in a trade 10% of the time. This requires a lot of discipline let me tell you 
You sound like you have found a style that suits you. This is very important I think. If you consistently to this I think you will be on your way.
My style is slighty diff. I tend to use 20pips stops and I scale out at +20, +40 and +60
I am very much like you, i try to super selctive in my trades, So far this week I have only trade 5 times
I have my trades posted there.
If you set an fixed daily pip gain on yourself, that will somewhat put pressure on you. As for myself, I don’t set a fixed daily pip gain. I just sell when i think the price will go down. Just enjoy the trade
The amount of pips you aim to make per day will probably depend a lot on the lot sizes you trade for instance if you open a standard account trading 100k lots and you trade 1 whole lot at a time I believe this would make $10 per pip on the USD/EUR so you would only have to make 40 pips per day to be at $400 per day profit.
By the same token if you trade 0.1 lots on a standard account, or have a mini account trading 10k lots you would only make $40 per day if you made 40pips.
This would not satisfy most people and you would probably hope to make a lot more than 40 pips per day if your lot sizes = $1 per pip. It is all reletive.
It might be worth adding, I vary my lot sizes during the day as part of my trading strategy if the market seems volatile and I am a little nervous but decide to have a go anyway, I may drop my lot size down as low as 0.1 where as if things are going well and looking good I would trade up to 2 lots. 2 lots is the most I risk on one trade as my account isn’t fat enough (yet) to comfortably carry more than 2 lot trades
You can measure in pips, dollars or percent return.
Pips can be deceiving. Percent return is good if you are comparing. But dollars are the only thing that pays the bills and buys toys.
I agree. Even though I posted earlier in this thread about how the value of pips is reletive to lot size, I never actually pay any attention to how many pips I am making, in fact I am usually unaware of how many pips = $10.
The only thing that concerns me is the dollar amount in the corner of my MT4 screen.
100/day is my goal - or 2000 per month.
But I read elsewhere that it’s not too healthy to have a goal like that because if you don’t make your ‘quota’ or have a loosing streak you might start trading irrationally to try and catch up.
I measure success in pips at the moment because I’m trading mostly on a demo and very small lot sizes on live. The way I see it is that large pips/small $ will grow into large pips/large $ as long as large pips ramains constant.
Having said that there are many people here who make a full time living from very few pips/week.
Everyone’s different.
i see… then, i have more confident on my humble 500pips/mth… 
i anticipate 5% return/mth so my bet lot size is adjusted to deposit…
The pips don’t really matter. What matters is how many lots are open on a position (this determines the dollar value of the pips you make) . Also, unless there are people who have strategies with extremely high winning percentages, I don’t think you would be achieving your daily target profit everyday (I mean some days would end in losses). Instead, when you divide your profit over a period of time say one month, you can then determine the AVERAGE DAILY PIP profit.
My goal is $225 per day as a consistent number of expected profit. Once I hit this mark I am done. I am very new but this has come about after about a month of demo trading and determining what I am capable of without overextending myself. I could make a lot more some days but that strategy would cause me to lose just as much. I would be more proud of a consistent daily gain than a high average with a lot of big losses to go with it.
I trade EUR/USD with a 200:1 leverage, 7 lots at a time. Sounds risky but I watch it like a hawk until I get mine and then I get out immediately. Averaging 25 ppd.
I average around 13.5 pips on profitable days, which on average is around 65% of the days that I trade, so I average just over 7 pips per day.
You can have good days and bad days I would say an average 40 pips would be a fairly easy target I have made 489 pips already this week and its only tuesday morning so my running average for the week is currently 97.8 pips per day.
Hopefully I won’t make too many bad moves before Friday and Ill keep the average up or hopefuly increase it.
Actually if I remember I’ll post my total pip count for the week here on your thread on Friday
I’d say that 40 pips a day is quite a humble target to try and achieve but it’s really good for starters like me.
Best Regards,
Matt Jones 
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My first objective is to consistently gain about 30 pips/day. Since I’m still a rookie, it doesn’t really matter how much I profit with every trade that I do.
EDIT: I have just seen that this topic is a little bit old. Nevertheless I think this is a very common question made by rookies like me
I don’t have a daily goal, I spend more time waiting for an entry than anything else.
I might only trade 4-8 times in a month, right now so far 5 trades for October… Sitting +20% for the month and no losses, in fact no losing trades since March
Find a way to trade that works for you, trading has to fit your personality. Goals are great and should be set to be attainable. My monthly goal is 800 pips, which sometimes I make and some times I don’t.
For a new trader, I would try to trade less… over trading will kill you…
Anyway… happy trading!