PROJECT daily20pip GBP/USD

Trading Systems Free Forex Trading Systems
1

Project Daily20pip known as the most simple forex system (yet profitable) Since started in DEC 2006 using 100% technical and easy set & forget rules, being developed by so many daily20pipers from all around the world that love to playing around with pivot lines at daily20pip world

Target : 20 - 30 pips/day
Difficulty : very easy
Perfect for : newbie, daytrader
Subscribe : No, it’s open project anyone can joint for FREE
Pros : stress free trading system, just set and forget
Cons : 20 or 30 pip a day maybe just a little for someone

Result :

SEE LATEST LIVE TRADING RESULT HERE

MAY 2010
D20P WIN 9
D20P LOSS 3

APRIL 2010
D20P WIN 8
D20P LOSS 3

MARCH 2010
D20P WIN 9
D20P LOSS 7

FEBRUARY 2010
D20P WIN 10
D20P LOSS 6

JANUARY 2010
D20P WIN 8
D20P LOSS 7

DECEMBER 2009
WIN 9
LOSS 10

NOVEMBER 2009
WIN 9
LOSS 2

OCTOBER 2009
WIN 12
LOSS 3

SEPTEMBER 2009
WIN 9
LOSS 7

AUGUST 2009
WIN 12
LOSS 5

JULY 2009
WIN 9
LOSS 4

JUNE 2009
WIN 15
LOSS 6

MAY 2009
WIN 13
LOSS 5

APRIL 2009
WIN 8
LOSS 7

MARCH 2009
WIN 13
LOSS 4

FEBRUARY 2009
WIN 5
LOSS 7

JANUARY 2009
WIN 7
LOSS 5

DECEMBER 2008
WIN 8
LOSS 9

NOVEMBER 2008
WIN 9
LOSS 7

OCTOBER 2008
WIN 14
LOSS 1

SEPTEMBER 2008
WIN 11
LOSS 5

AUGUST 2008
WIN 11
LOSS 4

JULY 2008
WIN 10
LOSS 5

JUNE 2008
WIN 8
LOSS 7

MAY 2008
WIN 11
LOSS 8

APRIL 2008
WIN 8
LOSS 11

MARCH 2008
WIN 10
LOSS 4

FEBRUARY 2008
WIN 11
LOSS 7

JANUARY 2008
WIN 13
LOSS 3

DECEMBER 2007
WIN 12
LOSS 3

NOVEMBER 2007
WIN 6
LOSS 6

OCTOBER 2007
WIN 9
LOSS 10

SEPTEMBER 2007
WIN 10
LOSS 4

AUGUST 2007
WIN 8
LOSS 9

JULY 2007
WIN 10
LOSS 2

JUNE 2007
WIN 7
LOSS 5

MAY 2007
WIN 11
LOSS 3

APR 2007
Win 9
Loss 4

MAR 2007
Win 14
Loss 4

FEB 2007
Win 10
Loss 4

JAN 2007
Win 13
Loss 6

DEC 2006
win 14
Loss 2

Let�s have a look at the daily20pip (D20P) results since DEC 2006 till AUG 2008
winning days=215
losing days=109
no touched orders days =115

So, 324 trading days, 115 no trading days (no touched orders), 215 winning days� and this is a significant statistic sample.

Winning probability W= winning days/trading days= 0,664
Win/Loss average ratio R = 20 pips/30 pips = 0,667

Let�s now consider a couple of significant indicators used in Money Management:

Kelly�s formula:
K = W - ((1-W) / R) = 0,159 —> 15,9 %

It represents the size of the position you should be taking for a trade (as capital risk). Money Management guru�s suggest to take 5% at maximum (for aggressive personalities), so, that result has only the scope to indicate us that D20P is a low risk system

Math expectation:
M = W*R - (1-W) = 0,106 —> POSITIVE!

meaning: positive result means D20P gives positive returns in the long run. (Just to be clear for the casin� roulette M is negative��)

2

Hi Daily20pip,

What strategy do you use to gain consistent 20pips per day? Are you a newbie or experienced trader?

Cheers,

Pipmytrade

3

So, to be sure I understand…you are always going short, correct? Buying high, selling low.

4

hello sir,thanks for your attention to my little idea, let me correct you, I can’t chase consistent 20pips a day for real. but , I want my system helpfull for any forex newbie here and create their own signal/system. the average target was 100pips / month for real. just play in this business around 4 years sir:)

5

hello mamaty gress, it just simple ancient pivot calculation, I have modified it little.and when you combine it with the forex secret weapon calls discipline,discipline and discipline (it’s hard event to do even for an expert). you will starting get the green pips rather than the reds:)

6

hi.
can you please post your trading system so we can try it.
thanks

7

my trading system based on old pivot calculation, without any clutered indicator, just pivot calculation. I have made complete explanation on my blog daily20pip, don’t worry. this is open project and free, no admission subscription or anything else, just plain strategy > explanation > live trade > result. I can’t explain here because it need online forex signal generator that I made and it were already on my blog too and free to use for everybody who looking for simple way to get 20pips a day, just meet me at daily20pip.
I hope I can be everyone superhero later with this simple strategy, that’s more precious than money:) I’m sure this will help for newbie and any day trader.

Result for FEB so far
WIN : 7
LOSS: 3

8

Before I ask I am going to check out your blog, I am curious :stuck_out_tongue:

But, if you call this a 20pip per day target, and are only getting 100+ a month, should you either get 400/month, or rename the system to the 5pipday ?

9

amorano

that would only be if you had a winner everyday. it seems as always with forex that you can’t do that. but my question is why do we want are losses to be bigger that our wins.

Just doesn’t make sense to lose 30 and to only win 20. wouldn’t we want it the other way around, lose 20 and win 30?

Daily20pip

of the trades that you have won, how many have gone on to make more pips after you stopped at the 20? and if they have, how many pips did you leave on the table?

Just wondering if it is worth it to go for 5 or 10 more pips on the winning side?

not trying to get gready just trying to get the most out of your system.

Gary

10

I will check this system out, Im looking for a system that give atleast 40% chance and 20 pips average and no more then 5 straight lost =D if u got one please let me know, I am building a system and thinking Im missing something small hmmmm

11

UPDATE [B]forex signal generator[/B] result “daily20pip”

[B]DEC 2006[/B]
WIN 14
LOSS 2
profit +220pips

[B]JAN 2007[/B]
WIN 13
LOSS 6
profit +80pips

[B]FEB 2007[/B]
WIN 10
LOSS 4
profit +80pips

[B]MAR 2007[/B]
WIN 14
LOSS 4
profit +160pips

12

daily20pip, I’ve checked out your blog, its pretty interesting. I had a question about the other signal that appears on the left side of your page. what is that signal about? The one with FOREX news realease and it’s details?

13

hi daily20pips :slight_smile:

i went to your blog and there is a message right after the 9th of april “click on the chart” …WHICH CHART ? i can’t find any for that date. the last chart is at 6th of april …i guess i’m blind :slight_smile:

14

I use a similar system, except it’s 25 a day trading GBPJPY. My target is 25 pips a day. I use a system I devised myself dubbed CWave, and it tells me which direction the market will move, just not magnitude. Upon a buy/short signal, I enter the trade and immediately set my sell/cover limit at 25 pips away. I can use this in other currencies, but EURUSD for example I would only target 10 pips, and GBPUSD I would only target 15. Although the pip count may seem small, the results are consistent.

15

hey cwave u think it would be possible for u to post your system or strategy for us to learn from also??

16

Hmm… I’m going to have to try this out. Sounds Interesting…

17

I’ll post what I do, but first of all, I want to say that it is a highly subjective system. The rules are complicated, but I can give my setup so you guys can see what I do. Basically I set up 5 EMAs, 5,8,13,21,34. I’ve found when they line up in this order, the price moves upwards. When the lines line up 34,21,13,8,5 then that is a short signal for me. If there is already a system out there that does this, forgive me as I have no idea, but it’s something that I did on my own. I do also use MACD, RSI, and Stoch as references, but I’ve found this line order to work very well. It works in all time frames, but I trade off 15m.

The EMAs are all assigned different colors for me I use:
EMA5 = Lime
EMA8 = Fuschia
EMA13= Yellow
EMA21 = Blue
EMA34 = Red

The reason I call it CWave is because I’ve found valid signals need to alternate like waves, for example, when a “buy” signal comes out with EMAs lining up 5 thru 34, I enter then set my limit right away. I won’t enter into another “buy” once I exit as I’ve stated this system can’t tell magnitude, but, the next signal when 34 thru 5 lines up, I’ll short as that’s a valid short signal.

I’m glad some of you asked about this system though as I’ve often pondered if this was something hooky or not…lol.

18

Yes it is, it will predict the next news, include tren direction (if any). Just follow Major/big news (above 30 pips movement) and just avoid minnor news (bellow 30 pips movement)

19

at 9 April I don’t make any signal because it Holiday, the “click the chart, bla bla bla” is standard templates for my posting (duh…)

20

UPDATE “daily20pip” [B]Forex Signal Generator[/B] result

[B]DEC 2006[/B]
WIN 14
LOSS 2
profit +220pips

[B]JAN 2007[/B]
WIN 13
LOSS 6
profit +80pips

[B]FEB 2007[/B]
WIN 10
LOSS 4
profit +80pips

[B]MAR 2007[/B]
WIN 14
LOSS 4
profit +160pips

[B]APR 2007[/B]
Win 9
Loss 4
profit +60pips