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20 pips per day, is there anyone can help me?

  • #81
  • Oct 31, 2020 6:07pm Oct 31, 2020 6:07pm
Quoting Hutch
{quote} You are right and you are wrong depending on the timeframe you are trading. Your percentage of a 20 pips movement might be right for trading on a weekly or a monthly chart but is wrong if trading on lower timeframes. For example the 10-day average ATR for EURUSD was 71 at the close of Friday's trading session and 65 for Friday. A 20 pips move on EURUSD Friday was equivalent to 30.8% of the market movement for that day. Trading a larger ATR pairs such as the GBPNZD, the 10-day average ATR for GBPNZD was 154 at the close of Friday's trading...

Oh my god. Don't you know how silly you are.

Should I explain this to you from the scratch?

What is the correlation with Time Frame here? Nothing. You made a very flawed analogy about daily price movement.

Let me explain you the very basic math about price movement.

Let's say GBP/USD. For example the price move 20 pips from 1.2900 to 1.2920

0.0020/1.2900 = 0.15% movement.

That's how to calculate the price fraction.

And you are going to predict the 0.15% market movement? Who are you? Donald Trump? Lol?

So you think getting 20 pips per day is easy. Whoa. Then you are the master of the universe.

Maybe next, you should predict when will the earthquake occur
  • #82
  • Oct 31, 2020 7:39pm Oct 31, 2020 7:39pm
Quoting bayfresh
{quote} Oh my god. Don't you know how silly you are. Should I explain this to you from the scratch? What is the correlation with Time Frame here? Nothing. You made a very flawed analogy about daily price movement. Let me explain you the very basic math about price movement. Let's say GBP/USD. For example the price move 20 pips from 1.2900 to 1.2920 0.0020/1.2900 = 0.15% movement. That's how to calculate the price fraction. And you are going to predict the 0.15% market movement? Who are you? Donald Trump? Lol? So you think getting 20 pips per day...

You are either trolling or just very wrong in general; you can easily hit 20 pips like nothing at least 90% of the time (the 10% remaining i count them as those random days that the market its just death in general)

And with renko like the charts @Hutch just showed to you? lmao thats a walk in the park, i actually trade renko for a few years and its very easy to, at the bare minimum, hit 1:1 trades without even trying

Level up my friend =)
  • #83
  • Oct 31, 2020 9:14pm Oct 31, 2020 9:14pm
Quoting havo
{quote} You are either trolling or just very wrong in general; you can easily hit 20 pips like nothing at least 90% of the time (the 10% remaining i count them as those random days that the market its just death in general) And with renko like the charts @Hutch just showed to you? lmao thats a walk in the park, i actually trade renko for a few years and its very easy to, at the bare minimum, hit 1:1 trades without even trying Level up my friend =)
Once a gambler always a gambler.

Do you use your common sense? Try to predict 0,15% movement? Come on, even 5th grade kids would laugh at you.

Why are you trying to convince me if you're able to do that. Keep it for yourself. Are you insecure?
You are better than the central bank.

Oh no, I forgot, you already have the holy grail.

90% win rate with 20 pips. Good luck with that.

Why don't you create an expert advisor and be a billionaire. Oh and I forgot again, it's just your short term illusion.

Before you are trolling someone else, make sure you use your brain to say something.

If it works for you, then you're not here. Your are the richest guy on earth. All the brokers would go bankrupt. Guess what? More brokers are coming to this business. Because there are tons of people like you.

I'm talking about 20 pips target. That's it. I criticize that approach. Am I wrong? Was I insulting someone here? No. I criticized the idea not the person.

Use your common sense bro or you could find some help. Bet on 20 pips. Oh my gosh.
  • #84
  • Oct 31, 2020 11:20pm Oct 31, 2020 11:20pm
Quoting bayfresh
{quote} Once a gambler always a gambler. Do you use your common sense? Try to predict 0,15% movement? Come on, even 5th grade kids would laugh at you. Why are you trying to convince me if you're able to do that. Keep it for yourself. Are you insecure? You are better than the central bank. Oh no, I forgot, you already have the holy grail. 90% win rate with 20 pips. Good luck with that. Why don't you create an expert advisor and be a billionaire. Oh and I forgot again, it's just your short term illusion. Before you are trolling someone else, make...

10 post and all of them bitching and whining.. Yea confirmed troll

Blocked already bye !!
  • #85
  • Edited 1:16am Nov 1, 2020 12:08am | Edited 1:16am
Quoting havo
{quote} 10 post and all of them bitching and whining.. Yea confirmed troll Blocked already bye !!
No problem.
I know you'd say that.

Please go back to this post after you lost everything.

Welcome to my ignore list too.

What a fool person.
  • #86
  • Nov 1, 2020 2:52pm Nov 1, 2020 2:52pm
Quoting bayfresh
{quote} Oh my god. Don't you know how silly you are. Should I explain this to you from the scratch? What is the correlation with Time Frame here? Nothing. You made a very flawed analogy about daily price movement. Let me explain you the very basic math about price movement. Let's say GBP/USD. For example the price move 20 pips from 1.2900 to 1.2920 0.0020/1.2900 = 0.15% movement. That's how to calculate the price fraction. And you are going to predict the 0.15% market movement? Who are you? Donald Trump? Lol? So you think getting 20 pips per day...
Ok so I'm silly for not understanding what you meant by price movement so I took it as a daily price movement but you didn't explain what you really meant by "price movement". On the other hand I don't know any trader that "predicts" a price movement of 20 pips. This is because all strategies, good or bad, indicate when to open a trade but no strategy is able to indicate when the trade needs to be closed with a determined number of pips in profit (5, 10, 20 or more) but it also could also be that the trade failed hitting the stop loss. I don't think that getting 20 pips per day is easy I know that getting 20 pips per day is easy. If you looked at the content of the link I posted will learn that many traders handsomely exceed a 20 pips per day profit.
  • #87
  • Nov 1, 2020 6:11pm Nov 1, 2020 6:11pm
Quoting bayfresh
{quote} And you are going to predict the 0.15% market movement? Who are you? Donald Trump? Lol? So you think getting 20 pips per day is easy. Whoa. Then you are the master of the universe. Maybe next, you should predict when will the earthquake occur
Not Trump, He is just hutch aka the master of repainting indicators. One of the few able to profit even in hindsight. And of course a veteran trader that not only thinks but knows that it's easy to make 20 pips a day because he saw 2 people post screenshots of their pnl.
  • #88
  • Edited 8:23pm Nov 1, 2020 7:14pm | Edited 8:23pm
Quoting Hutch
{quote} Ok so I'm silly for not understanding what you meant by price movement so I took it as a daily price movement but you didn't explain what you really meant by "price movement". On the other hand I don't know any trader that "predicts" a price movement of 20 pips. This is because all strategies, good or bad, indicate when to open a trade but no strategy is able to indicate when the trade needs to be closed with a determined number of pips in profit (5, 10, 20 or more) but it also could also be that the trade failed hitting the stop loss. I...
I think you misunderstood about what I was saying. It's not you who are silly but the idea is. I sincerely apologize for this misunderstanding.

What I meant about Price Movement is really about the real price movement not an imaginary one.

The forex pair moves very slowly every single day. 20 pips is just about below 0,5% of the movement. The real price movement.

The link that you gave is the temporary result.

The way you set take profit for 20 pips is the approach to predict the price movement.

Price movement is the same for all time frame. The imaginary approach tries to distinguish them. That's totally a huge problem.

I hope you understand.
  • #89
  • Nov 2, 2020 3:57pm Nov 2, 2020 3:57pm
Quoting metta87
{quote} Not Trump, He is just hutch aka the master of repainting indicators. One of the few able to profit even in hindsight. And of course a veteran trader that not only thinks but knows that it's easy to make 20 pips a day because he saw 2 people post screenshots of their pnl.
Damn right I'm one of the master of repainting indicators and I'm proud of it. This is because I know how to use repainting indicators. You always complain about repainting indicators for two reasons. The first one is that, unlike me and most traders, you don't know how to use repainting indicators. The second reason is that you think that repainting indicators are useless because there is no way that they can be better than non-repainting indicators. Since you know how to read charts please tell us which chart provides more profit? The first one using HalfTrend TT [x5v4] that sometime repaints but gives early signals or the second chart using Half-Trend NRP_Mladen that never repaints but gives signals 2 renko bricks after the signal given by the HalfTrend TT [x5v4]. By the way both Half Trend indicaors have the same amplitude factor of 2. We are all awaiting your answer.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HT TT.png Size: 41 KB
Click to Enlarge Name: HT Mladen NRP.png Size: 40 KB
  • #90
  • Nov 2, 2020 6:40pm Nov 2, 2020 6:40pm
Quoting bayfresh
{quote} Once a gambler always a gambler. Do you use your common sense? Try to predict 0,15% movement? Come on, even 5th grade kids would laugh at you. Why are you trying to convince me if you're able to do that. Keep it for yourself. Are you insecure? You are better than the central bank. Oh no, I forgot, you already have the holy grail. 90% win rate with 20 pips. Good luck with that. Why don't you create an expert advisor and be a billionaire. Oh and I forgot again, it's just your short term illusion. Before you are trolling someone else, make...
What do you target for your weekly profits then? Are you trading over or under a $10k account?

Just because you can't hit those numbers doesn't mean someone else can't.
Love to talk on Discord: DividendGamer#1324
  • #91
  • Edited 8:08pm Nov 2, 2020 7:03pm | Edited 8:08pm
Quoting Varkeer
{quote} What do you target for your weekly profits then? Are you trading over or under a $10k account? Just because you can't hit those numbers doesn't mean someone else can't.
Weekly?
I even don't have any monthly target.

Old cliche. Someone out there, out there can achieve something that is not plausible.

Have you ever wondered the idea like this is non sense?

Like a donkey chasing carrots.

Why should I tell you publicly about my account balance?
I don't have to proof anything, we're discussing about ideas here. I don't sell anything.
  • #92
  • Nov 2, 2020 7:57pm Nov 2, 2020 7:57pm
Quoting Hutch
{quote} Damn right I'm one of the master of repainting indicators and I'm proud of it.
Ok master, but can you show some of your trades on a trade explorer ?
  • #93
  • Nov 2, 2020 9:29pm Nov 2, 2020 9:29pm
Hedge funds invest billions to get speed edge measured in ms in order to secure at least 1 pip guaranteed return thanks to speed advantage. And you talk about 20 pips...Yeah probably in 50% of the time you can do that
  • #94
  • Nov 3, 2020 8:33am Nov 3, 2020 8:33am
Quoting Hutch
{quote} Damn right I'm one of the master of repainting indicators and I'm proud of it. This is because I know how to use repainting indicators. You always complain about repainting indicators for two reasons. The first one is that, unlike me and most traders, you don't know how to use repainting indicators. The second reason is that you think that repainting indicators are useless because there is no way that they can be better than non-repainting indicators. Since you know how to read charts please tell us which chart provides more profit? The...
Hutch, nice post with visual examples. Just posting to back up what you said from a probabilistic standpoint.

If we use 20 pip bricks and "HalfTrend repaint" gives signals 2 bricks ahead of "HalfTrend norepaint" and *assume the repaint version is correct 70% of the time:

0.7 * (20 + 20) - 0.3 * 40 (reversal for standard 1:2 renko) = 16 extra pips of expected value by using the repainting indicator over the non-repainting indicator.

*If the assumptions change, then the expected value changes.
-----------------
So from my standpoint repainting indicators can be classified in two groups:

1) Gives signals early on last bar but can be wrong sometimes (HalfTrend repaint version) and last bar signal can disappear. This can be useful due to earlier signals.

2) All values of indicator may be recalculated and past history may be changed based on the receipt of future data. (TMA repaint versions) This can give some perspective of the past but may be highly misleading if used in real-time trading.

Group 1 signals could be used in an automated system but group 2 signals wouldn't work in an automated system.
  • #95
  • Nov 3, 2020 1:57pm Nov 3, 2020 1:57pm
Quoting metta87
{quote}Ok master, but can you show some of your trades on a trade explorer ?
You haven't answered my question about the chart that provides the best profit so here is another chance. Just look at the bottom of the two charts at 20:53 and at the top at 22:20. There are 9 bricks of profit between the 2 arrows on the Half Trend TT chart. Since the Half Trend NRP Mladen shows the arrows 2 bricks after those of the Half Trend TT there are 2 bricks less profit when opening the trade and another 2 bricks less profit when closing the trade for a total profit of 5 bricks. Do you really prefer a non-repainting indicator that provides a profit of 44% less?
  • #96
  • Nov 3, 2020 2:39pm Nov 3, 2020 2:39pm
Quoting FXEZ
{quote} Hutch, nice post with visual examples. Just posting to back up what you said from a probabilistic standpoint. If we use 20 pip bricks and "HalfTrend repaint" gives signals 2 bricks ahead of "HalfTrend norepaint" and *assume the repaint version is correct 70% of the time: 0.7 * (20 + 20) - 0.3 * 40 (reversal for standard 1:2 renko) = 16 extra pips of expected value by using the repainting indicator over the non-repainting indicator. *If the assumptions change, then the expected value changes. ----------------- So from my standpoint repainting...
The trick is to learn how to manage repainting issues no matter what indicator a trader is using. My strategy works with 2 indicators the Half Trend TT that repaints and the FxBay MACD that doesn't repaint. If the repainting occurs when the zero line of the FXBay MACD has not been crossed by the MACD line the arrow produced by the Half Trend TT is probably a repainter so I keep the trade open. You are totally right my strategy probably wouldn't work if it was converted to an EA because the EA would close the trade early. Here is my latest trade on DJ30 e-mini. As you can see I was late entering into the trade and closed the trade near to break even. I didn't follow my own rule; I should have closed the trade earlier with a little profit when the FXBay MACD zero line was crossed but was hoping that the trade reversed. I don't always learn from my mistakes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: U30USDM20R.png Size: 34 KB
Click to Enlarge Name: U30USDM200.png Size: 34 KB
  • #97
  • Nov 3, 2020 9:30pm Nov 3, 2020 9:30pm
Quoting Hutch
{quote} You haven't answered my question about the chart that provides the best profit so here is another chance. Just look at the bottom of the two charts at 20:53 and at the top at 22:20. There are 9 bricks of profit between the 2 arrows on the Half Trend TT chart. Since the Half Trend NRP Mladen shows the arrows 2 bricks after those of the Half Trend TT there are 2 bricks less profit when opening the trade and another 2 bricks less profit when closing the trade for a total profit of 5 bricks. Do you really prefer a non-repainting indicator that...
Your repainting indi only shows you the good early signals, all the bad early signals are erased/hidden. So you get additional profit but also also additional losses as the drawback when your arrows repaints/disappear. So instead of asking me which indi makes more profit why dont you worry about the one also losing the most. Your repainting indi is so sensitive that almost everytime there is a renko reversal, an arrow pops up and if price goes the opposite the arrow disappears, i know it because i tested it.

Your indi has zero additional value compared to its nrp version, so i dont care about both.

One question for you as well, do you lose when your arrows repaints or not necessarly ? Can you show some of those losses please, especially when you enter early?
  • #98
  • Nov 11, 2020 4:39am Nov 11, 2020 4:39am
its a very nice calculation with so many information , thanks for nice reply.
  • #99
  • Last Post: May 26, 2023 6:55am May 26, 2023 6:55am
Hi all,
Four years after my post.
And as expected, those losers already lost all of their money.
Where is @Hutch?
or @Varkeer

Oh, I forgot. They have already lost their money. Lol
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