ZigZag - could this really be profitable? 0.1 pips profit

HI

i have been doing some back testing on the 1 hour timeframe using zigzag

the idea is to go long on the break of previous swing high on zigzag , 0.5 pips above and exit with 0.1 pips , that's 0.6 pips from the swing high

opposite for shorts 0.6 pips in total from the swing low

use 1 lot for every 100$ in your account this means you trade at 10$ per pip that's 10 / 0.1 is 1$ profit or 1%

stop loss you can use 5 pip stop if you want but I don't use stop loss

trade EU AU

avoid any jpy or gbp pairs

guys this is my final thread

you can use pending orders for this

or an EA would be great

my broker uses very tight spreads

so 0.1 pips profits are 1$ but i pay commission,

done some more back testing

you can exit with 0.5 pips that would be $5 or 5% returns

no stop loss ,

it seems to win every time

good luck

you need balls of steel to trade this way

just enter and hold for the 0.5 pips

as long as the price breaks 0.5 pips past the swing high or low hold for 0.5 pips profit , 0.1 lots for every $100 in your account

thats 5$ profit or 5%

so as soon as its breach by 0.5 pips then hold the trade dont get greedy this is extreame scalping

you can use pending orders

or maybe someone can make an EA

good luck

its 1 lot so that's 10$ per pip , / 2 is 5%

this is what i meant , 0.5 x 10 is 5$

you can take some drawdown but dont let it take your stop loss , the loss will be a 50 % loss of account, you can take a 5 pips stop and that would be 50% of account ,

but i prefer to enter an be patient with no stop,

forex is risky , but i think i have the perfect system that always wins

this is great guys

ok , this is what i will do

100$ account

0.5 lots is 5$ cents a pip

0.5 lots x 0.5 pips is is 2.5% a time

0.5 x 5 pips loss is 25 % loss but this hardly losses , seems to always win

good luck to all

Post a few pictures but I think your saying buy sell the break of zigzag. assuming h1?

*you're.

Forgive my ignorance, the idea is not bad, but how can you talk about tenths of pips when the spreads are at least one pip. I also did a backtest and it can work, but a stop loss is needed because there are cases in which the price bounces exactly on the level of the previous swing and goes back to a loss. I would put a fixed stop loss and let the trend run giving a much better R:R.

When this strategy may get god? When there is a 1-2-3 movement and the second leg is shorter than the first.

Seems pretty nice , just adjusted it to 5 pips on every trade. would have to trade very tight pairs..

guy my broker has 0.2 pip spreads

so 0.5 pips is 0.3 pips , net

i use FP markets broker ,

they offer 0 pip spread on EU

so i will only take trades on EU with this method

0.5 pip exit works every time

good luck

this only works on the 1 hour time frame

Lol

Very much like how I trade, will be watching this thread very closely....

Please, send some graphic with examples of trading. Surely we can improve this strategy. It has the advantage to be very simple.

here is an example ,

the take profit is 0.5 pips every time

at 0.5 pips past the last swing high or low

turned it in to a ea but my coding is horrid but sort of got it to work.(its not taking longs / finding entrys for longs)
and the position size is not yet put in correct i will update later tonight if i have time.

This has potential

WOW

100 % win ???

i thought so