How to get 1-5 pips with 100% win ratio? | Forex Factory

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How to get 1-5 pips with 100% win ratio?

  • #1
  • First Post: Jan 8, 2007 11:41pm Jan 8, 2007 11:41pm
I've been trading for almost 20 months and I've been through almost all the stages that a newbie goes through, the initial beginners luck, the blow up the account couple of times and after that actually get the head in the game and learn trading slow and steadily. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Last year was very good for me and over all I've been positive and quite consistent at making some pips.<o></o>

I was talking with a newbie today and he asked me if there was any mechanical system out there that would get you 1-5 pips consistently on daily basis with 100% win ratio.<o></o>

The rules are you can enter the trade stopples with a TP of any where from 1-5 pips. Initially it seemed pretty simple, I pulled up the EURUSD (minimum spread) daily chart (I trade the daily charts) and looked at it. The pair moves about 90 pips on average and one would imagine you can make 1 pip per day with 100% accuracy but I wasn’t able to figure any thing out. What ever I came up with, there was one out of few hundred trades that would be against that rule. I’m thinking maybe since I swing/position trade that’s why I can’t see of any such scalping system (to scalp 1-5 pips) per day with 100% guarantee.<o></o>

<o> </o>

If anyone of you guys have any idea, I’m curious to know.<o></o>

<o> </o>

Thanks<o></o>

saaedb<o></o>

<o> </o>
  • #2
  • Jan 8, 2007 11:46pm Jan 8, 2007 11:46pm
Boy let me know when you find it..
I'll buy and Island and call it Factory Isand... This where you can come and and get away from all the press since every other day some Factory member will be pasing the next member on Forbs top 10 list... Untill there is no more money left in the world...

100%.... buddy what are you smoking
  • #3
  • Jan 9, 2007 12:33am Jan 9, 2007 12:33am
LOL, if i manually trade, i'm pretty confident that I can make one pip/day. I can't recall any trade in my last 13 months that was never positive before ending up a loser.
But since i trade purely the price action and formations, its a little tough for me to make a mechanical system out of it

Quoting turbokaos
Boy let me know when you find it..
I'll buy and Island and call it Factory Isand... This where you can come and and get away from all the press since every other day some Factory member will be pasing the next member on Forbs top 10 list... Untill there is no more money left in the world...

100%.... buddy what are you smoking
  • #4
  • Jan 9, 2007 1:32am Jan 9, 2007 1:32am
Quoting saaedb
I can't recall any trade in my last 13 months that was never positive before ending up a loser.
Hmmmm, I always thought the 1-5 pips a day system was one of the first stages for a noob????

Trading without a stop, at least 1 time in a 100 it's not gonna get past the spread into profit. Then, you'll sit there waiting for it to turn round into profit, all the while it'll eat your gains from the last 99 trades. And then some!
Ever alert for the call to action!!
  • #5
  • Jan 9, 2007 5:35am Jan 9, 2007 5:35am
Quoting LumoX
Hmmmm, I always thought the 1-5 pips a day system was one of the first stages for a noob????

Trading without a stop, at least 1 time in a 100 it's not gonna get past the spread into profit. Then, you'll sit there waiting for it to turn round into profit, all the while it'll eat your gains from the last 99 trades. And then some!

yep... and depending on the spread, you actually need to make about 3-4 pips, to enjoy that one. then of course there is the psychology of "hey i'm making 1 pip everyday! why not up it to two? unless you had a reasonable stop loss (ie: one that definately would throw the 100% or even 90% winning % out the door), you would one day lose it all. just my opnion, i believe nobody can be very "successful" by scalping, it's a waste of effort that could be used so much better, but like i said, just my opinion, i realized that very early, 4HR, daily, and hourly for entry is what I like
  • #6
  • Jan 9, 2007 5:46am Jan 9, 2007 5:46am
Quoting LumoX
Hmmmm, I always thought the 1-5 pips a day system was one of the first stages for a noob????
it is.
Relax and be happy.
  • #7
  • Jan 9, 2007 5:56am Jan 9, 2007 5:56am
Hi saaedb,our experience in trading is nothing compare to any experience traders which have more than 20-30 yrs trading experince..So,JUST FOLLOW AND LEARN THEIR RULE and adapt ..Cos their know what we dnt know..Unless u Really believe/think that ur are far more smarter than THEM(OLD N BOLD)..which i know most of them(YOUNG N SMARTESSSST)are always ended being A FAILURE>>

Wsalam
  • #8
  • Jan 9, 2007 6:04am Jan 9, 2007 6:04am
Most mechanical systems are bound to have losses because they are based on some technical indicator or another. As any trader knows, the market is prone to panic at times. Just look at almost any NFP day. Therefore, it is next to impossible for any mechanical system to be 100%, even if it only goes for 5 pips.

But if you do find a mechanical system that is 100%, please let me know about it!
  • #9
  • Jan 9, 2007 8:11am Jan 9, 2007 8:11am
Thanks for the replies.
  • #10
  • Jan 9, 2007 9:07am Jan 9, 2007 9:07am
i know a way 100% sure...







1 right trade!
and none bad!
eeeesy
I might not know, I might not have the money, but remember, I have TIME!
  • #11
  • Edited 2:27pm Jan 9, 2007 9:42am | Edited 2:27pm
Hello,

i know of one EA but not 100% win rate only 91% he placed 10th in the automated trading championship and is now selling his EA. In the championship his EA didnt even have a single losing trade. here is his website: {Link Removed rule #2}

But his EA is very pricey $999.

-Mikhail


Quoting saaedb
I've been trading for almost 20 months and I've been through almost all the stages that a newbie goes through, the initial beginners luck, the blow up the account couple of times and after that actually get the head in the game and learn trading slow and steadily. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Last year was very good for me and over all I've been positive and quite consistent at making some pips.<o></o>

I was talking with a newbie today and he asked me if there was any mechanical system out there that would get you 1-5 pips consistently on daily basis with 100% win ratio.<o></o>

The rules are you can enter the trade stopples with a TP of any where from 1-5 pips. Initially it seemed pretty simple, I pulled up the EURUSD (minimum spread) daily chart (I trade the daily charts) and looked at it. The pair moves about 90 pips on average and one would imagine you can make 1 pip per day with 100% accuracy but I wasn’t able to figure any thing out. What ever I came up with, there was one out of few hundred trades that would be against that rule. I’m thinking maybe since I swing/position trade that’s why I can’t see of any such scalping system (to scalp 1-5 pips) per day with 100% guarantee.<o></o>

<o></o>

If anyone of you guys have any idea, I’m curious to know.<o></o>

<o></o>

Thanks<o></o>

saaedb<o></o>

<o></o>
  • #12
  • Jan 9, 2007 9:50am Jan 9, 2007 9:50am
Quoting merlin
it is.
i don't remember wanting a system winning 1-5 pips when I started out. I remember I wanted to be a millionaire and retire when I'm 30
  • #13
  • Jan 9, 2007 9:54am Jan 9, 2007 9:54am
Quoting hilmy83
i don't remember wanting a system winning 1-5 pips when I started out. I remember I wanted to be a millionaire and retire when I'm 30
That my goal.. I got three more years to go...
  • #14
  • Jan 9, 2007 10:02am Jan 9, 2007 10:02am
I dont do scalping, I was asked a question by a newbie and I'm trying to find the answer. Personally I hold my trades from one to two weeks.

But, I'm having fun trying to figure this 1-5 pip thing out. I've just written a little EA to do that, I'll be testing it tonight and if any of you are interested in demo trading it. Shoot me an email and I'll send you the demo version.

I plan on making four versions of the EA, and after those four if it doesn't workout I'm quiting the challange.

Thanks for your input .

The four versions are going to be
1) One that runs on 1 Minute chart (just made it, testing it).
2) If one fails, I'll make one that runs off the 1 Hour Chart.
3) If the second fails, I'll make one that runs off the 4 Hour Chart.
4) If the third fails, I'll make one that runs off the daily charts.

If they all fail, I'll give up
  • #15
  • Jan 9, 2007 11:32am Jan 9, 2007 11:32am
Save your time testing it. I already have it.


I plan to own by the end of the month everything on Earth and maybe Mars too.

  • #16
  • Jan 9, 2007 12:26pm Jan 9, 2007 12:26pm
Quoting SunTrader
Save your time testing it. I already have it.


I plan to own by the end of the month everything on Earth and maybe Mars too.

LOL! You can have the Earth, Mars and maybe pluto too. All I want is just to have the Moon.
  • #17
  • Jan 9, 2007 5:51pm Jan 9, 2007 5:51pm
Well I know a setup that is a pretty good one although it isnt a sure thing as is anything else. Its a 1 or 5 minute scalp. Well I just caught 30 pips on the down move on cable tonight with it so thats a little more than a scalp.

All Hull moving averages
a 5, 15, 60, 80 on screen.
Set step period to one.

Go with the 60-80 direction
When the 5 and 15 head that way, go.

Indicator attached. Hull MA is MA_TYPE 8

This is the iGor method from TSD
Attached File(s)
File Type: mq4 xpMA.mq4   16 KB | 2,537 downloads
  • #18
  • Jan 9, 2007 6:15pm Jan 9, 2007 6:15pm
Quoting C.E.O.
Well I know a setup that is a pretty good one although it isnt a sure thing as is anything else. Its a 1 or 5 minute scalp. Well I just caught 30 pips on the down move on cable tonight with it so thats a little more than a scalp.

All Hull moving averages
a 5, 15, 60, 80 on screen.
Set step period to one.

Go with the 60-80 direction
When the 5 and 15 head that way, go.

Indicator attached. Hull MA is MA_TYPE 8

This is the iGor method from TSD
Thanks I'll look into it. You use these on a 5 Min chart?
  • #19
  • Jan 9, 2007 6:37pm Jan 9, 2007 6:37pm
Effective on the 1 and 5 the best, but it really is pretty good up to the hour. Throw them on there and check em out
  • #20
  • Jan 9, 2007 7:18pm Jan 9, 2007 7:18pm
Further info on xpMA indicator posted is here.
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