30 Pips a Day - That's All you Need
As of today, I am starting to create a trading system that can make a minimum of 30 pips a day, with extremely low risk. On average each trade should make
only 6 or 7 pips, taking about 5 or 6 trades a day.
Why so small?
Is 30 pips a day enough? Well, since this system is based on low risk, you can then begin to increase your size. And if your trading 10 regular contracts making 30 pips a day, 3 grand isn't too bad for a days work. Once we have enough confidence in the system we can begin to increase the number of pairs it trades and the number of trades it takes a day, but up until then 30 pips a day is enough.
What's Next?
I will continue to upload the progress of this system, including screenshots of both the backtests and live trades. Feel free to ask any questions or contribute your ideas in the forum below.
Let's Go!