Strategy 20 pips a day | Forex Factory

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Strategy 20 pips a day

  • #1
  • First Post: Edited 8:48am Nov 5, 2019 6:45am | Edited 8:48am
Forex scalping strategy “20 pips per day” enables a trader to gain 20 pips daily, i.e. at least 400 pips a week. According to this strategy the given currency pair must move actively during the day and also be as volatile as possible. The GBP/USD and USD/CAD pairs are deemed to be the most suitable. Trading should begin no earlier than 12.30 GMT due to the volatile movements of the American session, provided that there are no scheduled economic data and news releases that day. In case there are, it is necessary to enter the market after the news release. A trader is recommended to choose a 30-minute interval, set the standard Momentum 5 indicator in the trading platform and 20 SMA moving average.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m30-admiral-markets.png Size: 35 KB

A closed candle above the 20 SMA and the Momentum indicator above the average level indicate the market entry point for further purchase. When the price drops below the moving average and the Momentum indicator is lower than the average level, it is necessary to place a short trade on the pair. When a trade is open and the price is about to cross the 20 SMA line, the position should be closed. Stop loss and take profit orders are placed on the level of 20 pips. As the interval is quite short, it is possible to use the trailing stop (from 1 pip). Another option includes placing the order at zero when the price is 10 pips away.

Please will be free for share with everybody and good luck in traiding.
Attached File(s)
File Type: tpl Momentum+SMA.tpl   6 KB | 1,039 downloads
  • #2
  • Nov 5, 2019 8:19am Nov 5, 2019 8:19am
Do you take average value of momentum indi upper value on the right side and lower value of right side divide by 2 and compare it with value on the left side of the indi ..this is how you calculate average please
sell strength in falling markets, and buy weakness in rising markets.
  • #3
  • Edited 8:42am Nov 5, 2019 8:25am | Edited 8:42am
Quoting htcone
Do you take average value of momentum indi upper value on the right side and lower value of right side divide by 2 and compare it with value on the left side of the indi ..this is how you calculate average please
Thank you for question. Its really simple just take momentum 100 average value and mark it with red line.
  • #4
  • Nov 5, 2019 8:30am Nov 5, 2019 8:30am
Hi mate - have u been using this (backtested)? Whats ur results like?

small point - 20 pips a day is 100 a week, no?
  • #5
  • Nov 5, 2019 8:35am Nov 5, 2019 8:35am
Quoting Jp1
Hi mate - have u been using this (backtested)? Whats ur results like? small point - 20 pips a day is 100 a week, no?
Hi, @Jp1, yeah you need test it by myself, because you'll see results, also can share it here if you want
  • #6
  • Nov 5, 2019 9:51am Nov 5, 2019 9:51am
New opportunity, but entry to late. Price go down about 20 pips+-
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m30-admiral-markets.jpg Size: 112 KB
  • #7
  • Nov 5, 2019 11:51am Nov 5, 2019 11:51am
Quoting Arturke
Momentum 5 indicator {file}
I think it is an interesting - if not exactly new - idea, except that you get many false signals using the momentum indicator with period 5 because many pullbacks will give you countertrend signals that are bound to fail.
If you leave the momentum indicator at standard 14 you avoid many false Pb-signals and - if you aren't risk averse - you can use a trailing stop to get more than 20 pips quite often.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30.png Size: 68 KB
  • #8
  • Nov 5, 2019 1:33pm Nov 5, 2019 1:33pm
Quoting josi
{quote} I think it is an interesting - if not exactly new - idea, except that you get many false signals using the momentum indicator with period 5 because many pullbacks will give you countertrend signals that are bound to fail. If you leave the momentum indicator at standard 14 you avoid many false Pb-signals and - if you aren't risk averse - you can use a trailing stop to get more than 20 pips quite often. {image}
Thanks josh, but what ma are you using?
  • #9
  • Nov 5, 2019 1:47pm Nov 5, 2019 1:47pm
Quoting josi
{quote} I think it is an interesting - if not exactly new - idea, except that you get many false signals using the momentum indicator with period 5 because many pullbacks will give you countertrend signals that are bound to fail. If you leave the momentum indicator at standard 14 you avoid many false Pb-signals and - if you aren't risk averse - you can use a trailing stop to get more than 20 pips quite often. {image}
Indeed, but you can always use trailing stop by using 5 period in momentum indicator, after 5 pips or more and collect 20 pips in a day easily
  • #10
  • Nov 5, 2019 1:49pm Nov 5, 2019 1:49pm
Quoting kofix11
{quote} Thanks josh, but what ma are you using?
He's probably using same sma as mentioned above 20 period.
  • #11
  • Nov 5, 2019 11:54pm Nov 5, 2019 11:54pm
Quoting kofix11
{quote} Thanks josh, but what ma are you using?
using the one mentioned in post 1
But you could also use a Hull MA or another fast one, as they sometimes give you better entries.
  • #12
  • Nov 5, 2019 11:55pm Nov 5, 2019 11:55pm
Quoting Arturke
{quote} Indeed, but you can always use trailing stop by using 5 period in momentum indicator, after 5 pips or more and collect 20 pips in a day easily
Sure, you can.
What I was worried about were the number of false signals you get using Momentum with period 5.
But you are your own master, of course.
  • #13
  • Nov 7, 2019 11:33am Nov 7, 2019 11:33am
hi mates. i think it is a good strategy. specially on high flactuality pairs.
  • #14
  • Nov 12, 2019 11:15am Nov 12, 2019 11:15am
i took two demo trades with your method, one usdcad, one eurjpy, usdcad 20pips within ten minutes...and eurjpy 16 pips...
sell strength in falling markets, and buy weakness in rising markets.
  • #15
  • Nov 12, 2019 1:04pm Nov 12, 2019 1:04pm
What was the result?
  • #16
  • Nov 13, 2019 7:26am Nov 13, 2019 7:26am
Hi, people,
here one more some efficient indicator will help make ultimate good decision. The idea its also very simple : if all timeframe and all currencies that trading showing green - go long, if showing red - go short
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m30-admiral-markets.png Size: 62 KB
Attached File(s)
File Type: ex4 EMA Dashboard.ex4   39 KB | 564 downloads
File Type: tpl Momentum+sma+ema dashboard.tpl   60 KB | 520 downloads
  • #17
  • Nov 13, 2019 7:28am Nov 13, 2019 7:28am
Quoting mlawson71
What was the result?
Hi, @mlawson71, try test it by yourself and share result here, please.
  • #18
  • Nov 13, 2019 8:33am Nov 13, 2019 8:33am
Quoting Arturke
{quote} Hi, @mlawson71, try test it by yourself and share result here, please.
i took demo trade chfjpy entry sell 109.94 target achieved 10975
gbpusd trade taken 12831 sell its running..
sell strength in falling markets, and buy weakness in rising markets.
  • #19
  • Nov 13, 2019 8:56am Nov 13, 2019 8:56am
Quoting Arturke
Hi, people, here one more some efficient indicator will help make ultimate good decision. The idea its also very simple : if all timeframe and all currencies that trading showing green - go long, if showing red - go short {image} {file} {file}
i did try and make this into an EA with the online builders, it works but needs ironing out, don't know if your coder or someone else can look into this?
Attached File(s)
File Type: mq4 Close_MA_Mom_Value_EA_Take2.mq4   5 KB | 349 downloads
  • #20
  • Last Post: Nov 13, 2019 1:10pm Nov 13, 2019 1:10pm
Quoting Arturke
{quote} Hi, @mlawson71, try test it by yourself and share result here, please.
I will give it a try at some point, thanks!
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