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How to get 1-5 pips with 100% win ratio?

  • #21
  • Jan 10, 2007 4:52am Jan 10, 2007 4:52am
Quoting wallym
Further info on xpMA indicator posted is here.
Ya saeddb, You better get it from there. I always forget about dependant files. I have so many indicators I forget that sometimes. You will need hma for that to work.
  • #22
  • Jan 10, 2007 6:19am Jan 10, 2007 6:19am
Quoting saaedb
I've been trading for almost 20 months and I've been through almost all the stages that a newbie goes through, the initial beginners luck, the blow up the account couple of times and after that actually get the head in the game and learn trading slow and steadily. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Last year was very good for me and over all I've been positive and quite consistent at making some pips.<o></o>

I was talking with a newbie today and he asked me if there was any mechanical system out there that would get you 1-5 pips consistently on daily basis with 100% win ratio.<o></o>

The rules are you can enter the trade stopples with a TP of any where from 1-5 pips. Initially it seemed pretty simple, I pulled up the EURUSD (minimum spread) daily chart (I trade the daily charts) and looked at it. The pair moves about 90 pips on average and one would imagine you can make 1 pip per day with 100% accuracy but I wasn’t able to figure any thing out. What ever I came up with, there was one out of few hundred trades that would be against that rule. I’m thinking maybe since I swing/position trade that’s why I can’t see of any such scalping system (to scalp 1-5 pips) per day with 100% guarantee.<o></o>

<o></o>

If anyone of you guys have any idea, I’m curious to know.<o></o>

<o></o>

Thanks<o></o>

saaedb<o></o>

<o></o>

Indicators ???? when are you sell or buy ? thank you for share
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  • #23
  • Jan 10, 2007 4:58pm Jan 10, 2007 4:58pm
Quoting shahfx
Hi saaedb,our experience in trading is nothing compare to any experience traders which have more than 20-30 yrs trading experince..So,JUST FOLLOW AND LEARN THEIR RULE and adapt ..Cos their know what we dnt know..Unless u Really believe/think that ur are far more smarter than THEM(OLD N BOLD)..which i know most of them(YOUNG N SMARTESSSST)are always ended being A FAILURE>>

Wsalam
Umm, I'm 19 and am reasonably successful. It's only been a year though, but thanks for the encouragement...
  • #24
  • Jan 10, 2007 7:59pm Jan 10, 2007 7:59pm
Quoting 15sEconds
Indicators ???? when are you sell or buy ? thank you for share
Its not an indicator, I'm trying to build an EA that would scalp 1-5 pips on a daily basis with 100% win ratio, which I doubt is possible but I'm trying.

By the way things are going; I might end up with a nice little EA that scalps the market with a reasonable win/loss ratio. Right now I can't dedicate more then 20-60 mins/day to this, thats why I asked the question here in the forum hopeing someone could give me some idea, and if the idea works out and the EA works, I was going to share the EA with him and all those who chipped in.
  • #25
  • Jan 10, 2007 8:40pm Jan 10, 2007 8:40pm
Why dont you just use the SRDC 1 method? Not 100% either, but 95% is pretty good.
  • #26
  • Jan 10, 2007 8:55pm Jan 10, 2007 8:55pm
Quoting C.E.O.
Why dont you just use the SRDC 1 method? Not 100% either, but 95% is pretty good.
I agree C.E.O.
  • #27
  • Jan 10, 2007 9:16pm Jan 10, 2007 9:16pm
Quoting C.E.O.
Why dont you just use the SRDC 1 method? Not 100% either, but 95% is pretty good.
Am I correct, that method targets 5 pips?
if so, i dont like its RR.

I have a better system then that.
  • #28
  • Jan 10, 2007 9:47pm Jan 10, 2007 9:47pm
Quoting saaedb
Am I correct, that method targets 5 pips?
if so, i dont like its RR.

I have a better system then that.
SRDC actually targets more than 5 pips. That is for beginners to build confidence while learning the method. In the previous 2 evenings, SRDC I traders have banked at least 20 pips. SRDC II is even more profitable. SRDC thread is growing at a very rapid rate. Wonder Why? Come check it out and join SRDC traders in teamspeak (online trading room) for training and live trading.
  • #29
  • Jan 10, 2007 10:05pm Jan 10, 2007 10:05pm
Yup SRDC made it at daily candle bar check it out .... when it break lower of the priveous or yesterday bar ...... or 5 min tf look at the breaking of S & R and bouncing fib ..... .
  • #30
  • May 6, 2007 3:36pm May 6, 2007 3:36pm
Divergence trading works:
http://www.forexfactory.com/showthread.php?t=28060
  • #31
  • Aug 24, 2007 2:45pm Aug 24, 2007 2:45pm
Quoting hilmy83
i don't remember wanting a system winning 1-5 pips when I started out. I remember I wanted to be a millionaire and retire when I'm 30
sounds great....
where is your direction? can i have a ride?
"Live is for living not for working"
  • #32
  • Edited 3:23pm Aug 24, 2007 3:21pm | Edited 3:23pm
Quoting saaedb
Thanks I'll look into it. You use these on a 5 Min chart?

Hi Saaedb,

I am one of the audience on FF forum, but I thought I would reply your thread since I passed by that stage early in my forex experience. There is a strategy (I don' know its name) but it is based upon buying/selling on the break of High/low daily candles. Now, I admired that strategy back then, and I really got addicted to it. You aim only for 5 pips per day, if you do the math, this means you will be a millionaire in no time (even if you started with 100$).

Now I did all the excel spreadsheets to see test that strategy, and it turned out pretty good, but you have to have a stop loss. There is even a thread on another forum discussing it and they also have an indicator to ease up backtesting it. The only problem is that if you don't have a stop loss, then all your profits will be toasted in two bad trades or so.

Also, a second problem is that whenever you DO NOT use stop losses, then all your profits will evaporate in a single losing trade. So, my point is that if you backtested that strategy, you will get like 90% win ratio, but even that 90% win ratio have to be managed wisely, or else the 10% loss ratio will blow the 90% win ratio easily.

My advice is to stick with the forum, read a lot of posts, try to spend hours, days, months on a game trade, and don't think that if you don't become greedy then you will succeed in the forex, because NO, and I will quote a sentence from Jack Schwagger who is a famous guy who wrote "the Market Wizards", he said "Let your positions mature, otherwise they will not pay for your losses" So, if you have a trade who looks like it will move 200 pips, and you were humble and not greedy at all, and said I will just take 5 pips and the close the trade, then be sure you will not have enough capital to cover your -50 pips losses. OR you will work for a whole month, and lose all in a day.

One last thing regarding which strategy you would use, I would go with trying more than a strategy, may be 20-30 strategies, and see which best suit you as a trader regarding the time frame and your character, and stick with it, and then optimize it to fit your need. It is a hard lesson, but you won't regret it afterwards.

Good luck

Forexeator
  • #33
  • Aug 24, 2007 5:00pm Aug 24, 2007 5:00pm
It's very hard to guarantee 1 pip per day, but it's impossible!
Sometimes the candle body does not have shadows, and imagine you are on the wrong side of the trade.

Well, scalping can build nice quick profits, but can wipe out an account easily If you didn't set a SL.

a SL is not worth winning 1 pip only.
Forex is not easy!
  • #34
  • Aug 24, 2007 5:04pm Aug 24, 2007 5:04pm
this is ridiculously easy if ur aiming for 5 pip. its almost 100% guaranteed urs.

hard part is, you will NOT stop at 5 pips. your human, you get greedy, you want MORE pips. so this system i use will never work for u.

you really think after u start winning 5 pips a day with very good consistency, your gonna stop there? i doubt not many of us here have that kind of discipline. but if you promise yourself hey i want 5 pips perday. thats it. nothing more. it could work.

another 100% way to win those pips is arbitrage. but good luck trying to find any mispricings happenign often.
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  • #35
  • Aug 24, 2007 6:07pm Aug 24, 2007 6:07pm
Quoting jjk2
this is ridiculously easy if ur aiming for 5 pip. its almost 100% guaranteed urs.
I have been around in the forex for a while now to realize that NOTHING is the only 100% guaranteed fact in forex.
  • #36
  • Aug 24, 2007 7:40pm Aug 24, 2007 7:40pm
is high 90 %s good enough ?
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  • #37
  • Aug 26, 2007 2:29pm Aug 26, 2007 2:29pm
Quoting LumoX
Hmmmm, I always thought the 1-5 pips a day system was one of the first stages for a noob????
No, that's not a "stage" for any noob... most noobs try to make as many pips as possible...
You are probably one those who don't believe that scalping/very short term trading is impossible but you are dead wrong...
  • #38
  • Nov 2, 2007 2:58pm Nov 2, 2007 2:58pm
Even when a 30pip S/L is considered safe you risk at least 30/1. And i think that a succesfull trader needs to minimize risks and maximize profits! Am i wrong?

Greece
  • #39
  • Nov 3, 2007 1:00pm Nov 3, 2007 1:00pm
since ppl are still posting my original question.
Here is my take on my own question after all this time.

1) there is no such thing as a 100% gaurantee in forex.
2) scalping is possible, but you have to trade very aggressively and have a lot of trades to counter balance the occasional losses.
3) the best way to go about is with a Risk:Reward of 1:2+, this you dont have to be accurate alot to be positive at the end of the month.

I only take trades where the reward is more then or twice as much as the risk. There is no (good enough) set it and for get it method. Once in a trade, you have to manage it properly and scale out of your position according to the market conditions.

I scalp the market every now and then, but I make sure my scalps are alway aligned with the trend on the higher time frames. (when I scalp my risk:reward is very poor probably something like 5:1, but I only scalp when there is a very high probability trade setting up.)

Saaedb
  • #40
  • Nov 3, 2007 4:58pm Nov 3, 2007 4:58pm
Quoting saaedb
since ppl are still posting my original question.
Here is my take on my own question after all this time.

1) there is no such thing as a 100% gaurantee in forex.
...skip...
So. ooo Was it reading FF OR 10 Months of experience that taught you this?
I'm being serious. Many more rookies will ask this question and discard the same answer from Long Tooth Traders. I think you could have a 'Sticky' here if worded correctly.

"Make sure you can fly before testing how high you can fly."
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