Ebook: 10 pips per trade | Forex Factory

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Ebook: 10 pips per trade

  • #1
  • First Post: Edited Apr 20, 2019 2:17am Apr 18, 2019 7:59pm | Edited Apr 20, 2019 2:17am
IHi. has anyone read this book? what evaluation? let's be positive
I'm a Europe trader. My interest is only about strategy.
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I have done a little mt4 trading arsenal with template and personal code. It would be nice to share experiences about this trading strategy.

TF 5 MIN/EURUSD

Buy setup:
close>mm200
session: London
last open candle > bb upper
sl:10 pips
tp: 10 pips or trailing

Sell setup:
close<mm200
session: London
last open candle < bb lower
sl:10 pips
tp:10 pips or trailing
  • #2
  • Apr 18, 2019 10:19pm Apr 18, 2019 10:19pm
Yes, I have known about it for months and traded it both on demo and live account.
It is not profitable.
  • #3
  • Apr 18, 2019 10:59pm Apr 18, 2019 10:59pm
What's the mm200? A moving average?
  • #4
  • Apr 18, 2019 11:07pm Apr 18, 2019 11:07pm
Quoting billbss
Yes, I have known about it for months and traded it both on demo and live account. It is not profitable.
  • #5
  • Apr 20, 2019 12:42am Apr 20, 2019 12:42am
Quoting NPSystems
What's the mm200? A moving average?
Yes
  • #6
  • Edited 1:34am Apr 20, 2019 12:42am | Edited 1:34am
Quoting billbss
Yes, I have known about it for months and traded it both on demo and live account. It is not profitable.
For me very interesting and easy to use. A common problem with strategies is that there is no help software in the strategy. the software reduces the possibility of error.
I'm working on ea 10pips scalp strategy according to book with these features: session filter, atr (better than squeeze), basket stop, basket take, trailing, close all trades management, automatic trading or manual trading.
  • #7
  • Apr 20, 2019 8:03am Apr 20, 2019 8:03am
To the original poster - for how long have you traded based on this strategy? Are you satisfied with the results?
  • #8
  • Apr 20, 2019 10:31am Apr 20, 2019 10:31am
Quoting mlawson71
To the original poster - for how long have you traded based on this strategy? Are you satisfied with the results?
I have not yet had the time to test hard but I will do it. I am sure of the strategy, I am making an ea that can help. the strategy works in the London session and with volatility breakouts. so in addition to the basic setup I added the atr indicator and his ma. I will post results in the future but anyone can try.
  • #9
  • Apr 21, 2019 9:18am Apr 21, 2019 9:18am
Quoting andy60rm
{quote} I have not yet had the time to test hard but I will do it. I am sure of the strategy, I am making an ea that can help. the strategy works in the London session and with volatility breakouts. so in addition to the basic setup I added the atr indicator and his ma. I will post results in the future but anyone can try.
I wish you success then and I hope you'll update with information once you do test it in more detail.
  • #10
  • Apr 21, 2019 2:28pm Apr 21, 2019 2:28pm
Quoting mlawson71
{quote} I wish you success then and I hope you'll update with information once you do test it in more detail.
Thx ! I am working
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  • #11
  • Apr 23, 2019 6:15am Apr 23, 2019 6:15am
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  • #12
  • Apr 26, 2019 12:53am Apr 26, 2019 12:53am
Quoting billbss
Yes, I have known about it for months and traded it both on demo and live account. It is not profitable.
That’s the real story; this type of calculation looks easy but the reality is different;
  • #13
  • Apr 26, 2019 1:00pm Apr 26, 2019 1:00pm
Quoting GeorgeBaile
{quote} That’s the real story; this type of calculation looks easy but the reality is different;
I have done an ea to use this strategy in discretional, next step is autotrading. Today completed the code for manual trading, i will use it for testing. I will post screenshot.
  • #14
  • Apr 27, 2019 3:17am Apr 27, 2019 3:17am
Quoting andy60rm
{quote} I have done an ea to use this strategy in discretional, next step is autotrading. Today completed the code for manual trading, i will use it for testing. I will post screenshot.
That would be really great; really excited to see your result.
  • #15
  • Edited 6:23am Apr 27, 2019 3:52am | Edited 6:23am
Quoting GeorgeBaile
{quote} That would be really great; really excited to see your result.
Hi George, i am not connected with the book's author, I suggest to buy the book, little but with great content. This strategy is simple and powerful, it can be profitable with standard indicators. I created my tools to have more arsenal. I will be happy to share my results. IT would be great use this thread to exchange more results and trades.
  • #16
  • Apr 28, 2019 2:14am Apr 28, 2019 2:14am
Quoting andy60rm
{quote} Hi George, i am not connected with the book's author, I suggest to buy the book, little but with great content. This strategy is simple and powerful, it can be profitable with standard indicators. I created my tools to have more arsenal. I will be happy to share my results. IT would be great use this thread to exchange more results and trades.
Okay, let me think; thanks for your words.
  • #17
  • Feb 22, 2020 9:32pm Feb 22, 2020 9:32pm
How can I get a copy of this ebook?
  • #18
  • Jun 2, 2022 5:48pm Jun 2, 2022 5:48pm
I never knew there was a section called "Rookie Talk"

Seems like the best place for me.

I might even have some fun resurrecting this dead thread.
The ebook is a super quick read and the author post charts that are not even in line with the strategy he is putting forward.
But that's cool. It's his book. He can do whatever he pleases.

The method itself, is super simple, a little too simple, but with some trading experience, a few "tweeks", some smart money management its a very workable
strategy to add to your toolbox in my opinion.
Empty your mind and let the market guide you
  • #19
  • Jun 3, 2022 4:11am Jun 3, 2022 4:11am
Indicator Optimisations:

5 minute chart 288 ema (instead of 200 ema)
5 minute chart 12 period Bollinger Band with a 0.5 standard deviation (instead of 10 period with 0.66 SD)

Apart from the 288 ema and the Bollinger Bands (12 / 0.5) the only other indicators I use are a simple sessions indicator and a countdown timer to keep me focused on when the current candle is going to close.

The sessions indicator just helps me keep a visual check of the current day's highs and lows.

When to trade this strategy is a very individual question and is completely up to the individual trader and the times they have available to focus laser-like on their chosen markets.

I will only trade this strategy from 5am New York time onwards.

What markets to trade this strategy should be based on what markets you are comfortable trading.

I trade this strategy on EURUSD, GBPUSD & GBPJPY.
Empty your mind and let the market guide you
  • #20
  • Jun 3, 2022 4:16am Jun 3, 2022 4:16am
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Empty your mind and let the market guide you
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