Should I sell my US30 scalping strategy? (200-300pips/day) | Forex Factory

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Should I sell my US30 scalping strategy? (200-300pips/day)

  • #1
  • First Post: May 14, 2022 1:30pm May 14, 2022 1:30pm
I've tested a ton of indicators in the last year on TradingView and managed to create a strategy that works best on US30 1M time-frame by combining two indicators that give me clear buy/sell signals. It's simple, effective, and making me at least 200-300pips/day.

A few friends recommended to sell my strategy or offer copy-trading, and I'm not sure what to do.
I'm thinking about these ideas because I'm in a process of buying a house, and some additional revenue would definitely be nice.

1. Should I sell the strategy with step-by-step guide? If yes, how do you put a price on something like this?

2. Should I offer copy-trading service?
- Not really a fan of this idea since I feel it's going to add a lot of pressure.

3. Since is a strategy based on strict rules, I'm in a process of hiring a programmer that can create an EA out of this.
Should I sell the EA? If yes, how much should I charge for it?

I would appreciate any idea/suggestion.

Thank you!
  • #2
  • May 14, 2022 2:03pm May 14, 2022 2:03pm
Trade it on a live account for several weeks and connect it to myfxbook, people with half a brain wont buy a system or EA without any proof that it works.

If you are truly making AT LEAST 200-300 pips every.single.day then you honestly dont even need to share it. Wait for a few months with your house buying and use it to fund your account instead.

You are going to have millions very fast assuming what you are saying is actually true.

Good Luck Trading.
  • #3
  • May 14, 2022 2:10pm May 14, 2022 2:10pm
If this strategy really gets you 200-300 pips a day constantly, there is no reason to sell or publish it.
Simply trading it with increasing lotsizes according to your growing balance should get you much more money.
  • #4
  • May 14, 2022 2:54pm May 14, 2022 2:54pm
If your system is very profitable I wouldn't bother selling signals. Why you need the extra money for if you believe your system can make you a fortune. Start with micro lots, and work your way up to full lots. Don't waste your time selling subscriptions, I would rather spend it outside in the sun with a cocktail after I reached my daily target. But that is just me.

BT
  • #5
  • May 14, 2022 3:23pm May 14, 2022 3:23pm
Yes, it is making me at least 200pips every day for the last 1,5 months, no matter if there is a day with high impact news, ranging or bank holiday. So this made the idea of buying a house with zero debt very attractive, and I'm compounding like crazy : )

Prior to this, I've spend almost 3 months live testing different time frames (15m>5m>3m>1m) and different TP/SL combinations + move to BE at xxpips, before I sattled on specific rules.


Quoting FundedCoffee
If you are truly making AT LEAST 200-300 pips every.single.day then you honestly dont even need to share it. Wait for a few months with your house buying and use it to fund your account instead. You are going to have millions very fast assuming what you are saying is actually true. Good Luck Trading.
Quoting osfx
If this strategy really gets you 200-300 pips a day constantly, there is no reason to sell or publish it. Simply trading it with increasing lotsizes according to your growing balance should get you much more money.
Quoting BataviaTrade
If your system is very profitable I wouldn't bother selling signals. Why you need the extra money for if you believe your system can make you a fortune. Start with micro lots, and work your way up to full lots. Don't waste your time selling subscriptions, I would rather spend it outside in the sun with a cocktail after I reached my daily target. But that is just me. BT
All of you are right it would be pointless to sell this strategy and have to deal with everything. Instead, I will take advantage of prop firms that allow copy-trading and EA's, and just compound to the $0 debt house goal

Thank you for your help.
  • #6
  • May 14, 2022 7:13pm May 14, 2022 7:13pm
Would be nice to see some results on myfxbook. I'd definitely buy it after seeing the results. I think many would. Much easier to generate additional revenue by selling the indicator than have the pressure of copy trading for others.
  • #7
  • May 15, 2022 8:33am May 15, 2022 8:33am
Quoting garlith
Would be nice to see some results on myfxbook. I'd definitely buy it after seeing the results. I think many would. Much easier to generate additional revenue by selling the indicator than have the pressure of copy trading for others.
I've decided not to go with any of these routes. Even if the indicator or EA would become popular enough, it would take way too much time and would need a lot of outsourcing to process transactions, offer support, etc., and copy-trading would just add too much pressure.

It will be way better to stick with building up and compounding my account and add additional revenue by using prop firms.
  • #8
  • May 15, 2022 9:28am May 15, 2022 9:28am
another guy with wishful thinking bored on weekend dreaming LOL

Attach the system first before claiming ABC things
The only prayer you need is Thankyou
  • #9
  • May 15, 2022 9:37am May 15, 2022 9:37am
Do you mean 200 points or 20 points per day?
  • #10
  • Edited 2:59pm May 15, 2022 11:29am | Edited 2:59pm
Quoting Eren10
Do you mean 200 points or 20 points per day?
200points. I used pips as the majority use that term, and in my broker 1pip=$1 move
  • #11
  • May 15, 2022 11:45am May 15, 2022 11:45am
Quoting jul3s
{quote} 200points. I used pips as the majority use that term, and in my broker 1pips=$1 move
How many trades on average before reaching 200 points?
  • #12
  • May 15, 2022 12:19pm May 15, 2022 12:19pm
Quoting jul3s
{quote} 200points. I used pips as the majority use that term, and in my broker 1pips=$1 move

That’s huge if you can reach that every day and without large drawdown. Enjoy.
  • #13
  • May 15, 2022 1:33pm May 15, 2022 1:33pm
don't buy a house then become a millionaire with forex
  • #14
  • May 15, 2022 1:35pm May 15, 2022 1:35pm
Quoting Rojan2
{quote} How many trades on average before reaching 200 points?
Depends on the time I start trading and if there are any major news that day but on average 9 trades.

Quoting Eren10
{quote} That’s huge if you can reach that every day and without large drawdown. Enjoy.
Thank you!
  • #15
  • May 31, 2022 3:10am May 31, 2022 3:10am
I suggest you stick to your strategy and make a killing. Enjoy.
  • #16
  • May 31, 2022 7:28am May 31, 2022 7:28am
Quoting forexkido
I suggest you stick to your strategy and make a killing. Enjoy.
Thank you! Exactly what I plan on doing!
  • #17
  • Aug 2, 2022 11:52pm Aug 2, 2022 11:52pm
Quoting jul3s
I've tested a ton of indicators in the last year on TradingView and managed to create a strategy that works best on US30 1M time-frame by combining two indicators that give me clear buy/sell signals. It's simple, effective, and making me at least 200-300pips/day. A few friends recommended to sell my strategy or offer copy-trading, and I'm not sure what to do. I'm thinking about these ideas because I'm in a process of buying a house, and some additional revenue would definitely be nice. 1. Should I sell the strategy with step-by-step guide? If yes,...
Could I pay you to teach it to me?
  • #18
  • Aug 5, 2022 10:38pm Aug 5, 2022 10:38pm
Quoting putnamdaire
{quote} Could I pay you to teach it to me?
?
  • #19
  • Edited 10:03am Aug 7, 2022 9:52am | Edited 10:03am
I think this is the reason.

Quoting jul3s
Yes, it is making me at least 200pips every day for the last 1,5 months, .

  1. 1.5 months mean nothing
  2. seems like you overfitted the algorithm's parameters, so it's fine-tuned for the recent period.

I might be wrong though, just my 2 cents.

If I'm wrong, then if I were you, I would not sell the algorithm for any price. It's a goose that lays golden eggs.

  • #20
  • Sep 21, 2022 11:37am Sep 21, 2022 11:37am
Hey jul3S would be open to talk about this a little more? Im really intrested and have a big oppurtunity if this works! Let me know, you can contact me on whats app at 315-766-7300 or on instagram *s3creti* ! Hope to hear from you soon!
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