How Many Pips Do You Average Per Month | Forex Factory

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  • #1
  • First Post: Mar 26, 2013 1:02pm Mar 26, 2013 1:02pm
FF members trade short term, long term, automated, discretionary, technical and everywhere in between. From the nickle and dimer to big time money husstela's how many pips do you bank? We aren't talking money here it doesn't matter if your pip is worth $0.01 or $1000. Will the numbers be as diverse as the vary community contributing? Lets find out!
  • #2
  • Mar 26, 2013 6:09pm Mar 26, 2013 6:09pm
Quoting johnny2pips
We aren't talking money here
//---

hey johnny..... it's good you mentioned not relating pips to money..... so many of the account 'metrics' are abused, missused and missunderstood.... pips is one...... total pips mean something, at least to me, but only when taken with the total picture.....

fwiw, here is my explorer on one of my live accounts...... running a single ea based on a principle proposed by a ff member..... a member with only 30 posts total.....h

//----
Attached Image (click to enlarge)
Click to Enlarge Name: fwiw.png Size: 367 KB
to trade and code, keep both simple... no call to impress....h
  • #3
  • Mar 26, 2013 6:42pm Mar 26, 2013 6:42pm
Quoting hayseed
//---

hey johnny..... it's good you mentioned not relating pips to money..... so many of the account 'metrics' are abused, missused and missunderstood.... pips is one...... total pips mean something, at least to me, but only when taken with the total picture.....

fwiw, here is my explorer on one of my live accounts...... running a single ea based on a principle proposed by a ff member..... a member with only 30 posts total.....h

//----
Doubly
Interesting
Buying
Strategy
  • #4
  • Mar 26, 2013 7:51pm Mar 26, 2013 7:51pm
Quoting hayseed
...... total pips mean something....
I can't agree totally.

You can have negative pips but positive $ ... and vice versa.

The total pips means something if the lot size is constant.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Mar 26, 2013 8:04pm Mar 26, 2013 8:04pm
Quoting FerruFx
I can't agree totally.

You can have negative pips but positive $ ... and vice versa.

The total pips means something if the lot size is constant.
//----

hey ferrufx.... yes.... it's also possible to never have a single trade close pip positive yet still double your account....

total pips mean something, at least to me, but only when taken with the total picture......

pips are only a very small part of the total trading picture..... or so it seems to me......h
to trade and code, keep both simple... no call to impress....h
  • #6
  • Mar 26, 2013 8:21pm Mar 26, 2013 8:21pm
Exactly.
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • Mar 26, 2013 9:34pm Mar 26, 2013 9:34pm
Quoting hayseed
//----

hey ferrufx.... yes.... it's also possible to never have a single trade close pip positive yet still double your account....

total pips mean something, at least to me, but only when taken with the total picture......

pips are only a very small part of the total trading picture..... or so it seems to me......h
You are saying that it is possible to double your account even if losing every single trade??
I don't see that can be possible.
Please Do Not PM Me With Coding Enquiries
  • #8
  • Mar 26, 2013 10:15pm Mar 26, 2013 10:15pm
Quoting Gumrai
You are saying that it is possible to double your account even if losing every single trade??
I don't see that can be possible.
Yes.

Imagine to close 75% of a position at Xpips profit ... but the remaining is stopped out in loss with an overall negative pips. The total $ can be in profit for this full position while the pips are negative.
MT4/MT5 EAs/Indicators/Alerts coder
  • #9
  • Mar 26, 2013 10:19pm Mar 26, 2013 10:19pm
Quoting Gumrai
You are saying that it is possible to double your account even if losing every single trade?? I don't see that can be possible.
//----hey gumrai..... swap..... today i had 1 order close where the money made from swap was over 50 times the money made from pips..... it closed pip positive, but could have just as easily closed at -1 pip...... swap can be a powerful friend or foe.....h
to trade and code, keep both simple... no call to impress....h
  • #10
  • Mar 26, 2013 10:24pm Mar 26, 2013 10:24pm
Quoting hayseed
//----hey gumrai..... swap..... today i had 1 order close where the money made from swap was over 50 times the money made from pips..... it closed pip positive, but could have just as easily closed at -1 pip...... swap can be a powerful friend or foe.....h
Good example too!
MT4/MT5 EAs/Indicators/Alerts coder
  • #11
  • Mar 26, 2013 10:34pm Mar 26, 2013 10:34pm
Well baited trap Hayseed and Ferru - I walked right into it
Please Do Not PM Me With Coding Enquiries
  • #12
  • Mar 27, 2013 8:48am Mar 27, 2013 8:48am
Quoting hayseed
//----hey gumrai..... swap..... today i had 1 order close where the money made from swap was over 50 times the money made from pips..... it closed pip positive, but could have just as easily closed at -1 pip...... swap can be a powerful friend or foe.....h
IDK about anyone else but I've never seen a strategy based on swap. Most if not all trading strategies are based around banking pips. No matter what the lot size the general public are wanting pips 4 profit swap is just an extra added bonus in my personal opinion. But hey if it works for you keep on getting negative pips and profiting on it.
  • #13
  • Mar 27, 2013 9:02am Mar 27, 2013 9:02am
Quoting johnny2pips
I've never seen a strategy based on swap.
So many strategies were coded for this ... it was very fashionable a few years ago.
MT4/MT5 EAs/Indicators/Alerts coder
  • #14
  • Mar 27, 2013 9:10am Mar 27, 2013 9:10am
hey johnny..... there are strategys based solely on swap..... they are not commonly seen right now due to current rates being so low..... but now is the time to prepare for them.....and your of course correct..... most would prefer the pip count.....as you know, in our examples both ferrufx and myself were making sure everyone understood pips can be very missleading.... we were just be cautious not to miss lead anyone.....few would believe what is actually possible......h
to trade and code, keep both simple... no call to impress....h
  • #15
  • Apr 6, 2013 11:08am Apr 6, 2013 11:08am
How many pips gain per mth is not as important as account high %growth, & low %drawdown per mth.
  • #16
  • Apr 10, 2013 1:42pm Apr 10, 2013 1:42pm
most of my trades hit SL ...
and average about -150 to 350 pips / Month
  • #17
  • Apr 10, 2013 3:16pm Apr 10, 2013 3:16pm
Quoting FerruFx
Yes. Imagine to close 75% of a position at Xpips profit ... but the remaining is stopped out in loss with an overall negative pips. The total $ can be in profit for this full position while the pips are negative.

Let me ask you a question, do you trade RETAIL FOREX for a living?..
The Black Swan: The Impact of the Highly Improbable
  • #18
  • Last Post: Apr 12, 2013 2:43am Apr 12, 2013 2:43am
Quoting lordvader666
most of my trades hit SL ... and average about -150 to 350 pips / Month

Sad to hear that. Can't you find a solution to overcome ? At least to get in breakeven.
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