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can you earn 1400 pips per month with one pair?

  • #1
  • First Post: Mar 18, 2007 10:33am Mar 18, 2007 10:33am
Earn minimum 1400 pips per month at one pair only except GBPJPY...

Greetings all,

We here at FF always looks at fascinating method and model that have been shared by trader out there. This forum is to reveal is there any of us here that consistently making pips more than 1400 per month (never less than that) relying only on one currency pair and it’s not GBPJPY.

Why me ask that question?? It’s because me want to know, what method actually give you consistent pips.

My trading experience until now, since last year, only successful to earn maximum 2000 pips per month and minimum 50 pips per month, with largest drawdown -100 pips on one particular month. I only trade GBP cross to few other currencies.

So opinion and advised is very welcome…

Thanx to all.

Happy Trading
  • #2
  • Mar 18, 2007 10:48am Mar 18, 2007 10:48am
L,

I have to say, that's a really bold request for anyone making that many pips a month. Not that I wouldn't welcome the opportunity to hear about another wildly successful method.

But honestly, I would doubt anyone who is really making that many pips a month consistently would be interested in sharing their hard work. Not because they wouldn't be kind enough to help us, but because of the barrage of questions members would have, and then the inevitable commitment that would be required to answer that, and then the inevitable questioning of their reputation or intentions when they decide not to answer questions.

I would assume that anyone who is making that kind of pippage a month would have to be fully committed to trading, not teaching. I would also venture to say that very few systems would consistently make that kind of profit (not just averaging) over time...especially mechanical ones.

I'm not saying it isn't possible...I'm just saying it's probably rare...and when it does happen, my bet is that it's more of a framework coupled with research and pure gut (and a little luck). The market changes quite frequently, so I'd venture to say it's pretty hard to make consistent profits of that size monthly.

Again, i'm sure it's possible...I'm just not sure that if it is possible that the system would be share for free because of the immense committment it would take. I'm telling you, the moment someone places a system they claim makes that much a month, even if they give you the general rules of their system, the thread would instantly grow to 100+ posts with questions and accusations..."how do you do this", "what are you trying to sell", "it didn't work on this occasion", "let's see your balance sheet"...etc...not to mention the PMs.


Quoting laodeabdul
Earn minimum 1400 pips per month at one pair only except GBPJPY...

Greetings all,

We here at FF always looks at fascinating method and model that have been shared by trader out there. This forum is to reveal is there any of us here that consistently making pips more than 1400 per month (never less than that) relying only on one currency pair and it’s not GBPJPY.

Why me ask that question?? It’s because me want to know, what method actually give you consistent pips.

My trading experience until now, since last year, only successful to earn maximum 2000 pips per month and minimum 50 pips per month, with largest drawdown -100 pips on one particular month. I only trade GBP cross to few other currencies.

So opinion and advised is very welcome…

Thanx to all.

Happy Trading
  • #3
  • Mar 18, 2007 10:58am Mar 18, 2007 10:58am
Dear Mouteki,

u are good man....

i'm newbie, totally newbie, but u give me something that actually handed me with a handfull of shotgun to shot the market.

i was starting trading with your method on Dec 1 and i was able until now to make my $5 marketiva become $250. what an achievement for newbie!!!

Thanx man, you rule....

p.s.

1. at the first time i didn't know that i really2 have to use 4hr chart, i use 30 min chart also and it works. your method really good.

2. now i'm not drawing the trendline manually, i use the indicator to draw it for me.

3. thanx for the stop loss material. my first 16 trading was no stop loss.

4. btw, how do you invent this method? pls share with me... ([email protected]).. if u want....

thx.


This was your post in December 06. You must be a very quick learner!
  • #4
  • Mar 18, 2007 12:11pm Mar 18, 2007 12:11pm
Quoting schoe
Dear Mouteki,

u are good man....

i'm newbie, totally newbie, but u give me something that actually handed me with a handfull of shotgun to shot the market.

i was starting trading with your method on Dec 1 and i was able until now to make my $5 marketiva become $250. what an achievement for newbie!!!

Thanx man, you rule....

p.s.

1. at the first time i didn't know that i really2 have to use 4hr chart, i use 30 min chart also and it works. your method really good.

2. now i'm not drawing the trendline manually, i use the indicator to draw it for me.

3. thanx for the stop loss material. my first 16 trading was no stop loss.

4. btw, how do you invent this method? pls share with me... ([email protected]).. if u want....

thx.


This was your post in December 06. You must be a very quick learner!
Hi there,

Thanx to generous people that willing to share their secret and method (mouteki, sidus, tlatomi, vegas, james, and bago) and also their advice (diallist, vegas, james, merlin, burgerking, and others). For me FF member that so generous is just like a person that every month come to my house and give me money directly to me..

Thanx for your compliment bro… it’s nice that you say that… hope I can share my method also (but who is me, just following other member method).

I created few thread with the purpose to gather feedback to enhance my method so that, it really2 fits me (isn’t it what we are looking for???)

Any method from you bro….??
Thanx
Happy Trading
  • #5
  • Mar 18, 2007 12:29pm Mar 18, 2007 12:29pm
Quoting mrmikal
L,

I have to say, that's a really bold request for anyone making that many pips a month. Not that I wouldn't welcome the opportunity to hear about another wildly successful method.

But honestly, I would doubt anyone who is really making that many pips a month consistently would be interested in sharing their hard work. Not because they wouldn't be kind enough to help us, but because of the barrage of questions members would have, and then the inevitable commitment that would be required to answer that, and then the inevitable questioning of their reputation or intentions when they decide not to answer questions.

I would assume that anyone who is making that kind of pippage a month would have to be fully committed to trading, not teaching. I would also venture to say that very few systems would consistently make that kind of profit (not just averaging) over time...especially mechanical ones.

I'm not saying it isn't possible...I'm just saying it's probably rare...and when it does happen, my bet is that it's more of a framework coupled with research and pure gut (and a little luck). The market changes quite frequently, so I'd venture to say it's pretty hard to make consistent profits of that size monthly.

Again, i'm sure it's possible...I'm just not sure that if it is possible that the system would be share for free because of the immense committment it would take. I'm telling you, the moment someone places a system they claim makes that much a month, even if they give you the general rules of their system, the thread would instantly grow to 100+ posts with questions and accusations..."how do you do this", "what are you trying to sell", "it didn't work on this occasion", "let's see your balance sheet"...etc...not to mention the PMs.
Sad to admit that you’re correct in some way that it's probably rare to have method share to us that making that kind of pippage a month. Anyway I believe in luck and who knows there are wizards out there that already teach his/her student to become trader for him/her, and now it’s time for him/her out there to give what it is taken before.

Edmond Dantes in Count of Monte Cristo also got that luck from Faria. I hope we are as lucky as his.

Anyway, thanks and Happy Trading
  • #6
  • Mar 18, 2007 3:28pm Mar 18, 2007 3:28pm
That was a work of fiction, no?

Quoting laodeabdul
Edmond Dantes in Count of Monte Cristo also got that luck from Faria. I hope we are as lucky as his.
  • #7
  • Mar 18, 2007 3:32pm Mar 18, 2007 3:32pm
Quoting laodeabdul
My trading experience until now, since last year, only successful to earn maximum 2000 pips per month and minimum 50 pips per month, with largest drawdown -100 pips on one particular month. I only trade GBP cross to few other currencies.

So opinion and advised is very welcome…

Thanx to all.

Happy Trading
I hate to say this but as you test your system over 5 years or more, you will find that it's extremely difficult (if not impossible!) to earn more than 200 pips a month per lot per currency pair with a purely mechanical trading system.

Sure, we can all make 1500 pips in a month with GBP/USD when this currency pair is trending like crazy, but in the long run the market will ALWAYS find a way to take that money back and "adjust" your profits.

A forex pro once said : "Making money trading is easy, keeping it that's another story..."
  • #8
  • Mar 18, 2007 6:58pm Mar 18, 2007 6:58pm
Quoting FXTerminator
I hate to say this but as you test your system over 5 years or more, you will find that it's extremely difficult (if not impossible!) to earn more than 200 pips a month per lot per currency pair with a purely mechanical trading system.

Sure, we can all make 1500 pips in a month with GBP/USD when this currency pair is trending like crazy, but in the long run the market will ALWAYS find a way to take that money back and "adjust" your profits.

A forex pro once said : "Making money trading is easy, keeping it that's another story..."
Greetings,

Yeah, you are correct, that's why, I am always looking for a set of toolbox so that to keep me profitable in one way or another. As you can see, in one particular month I earn 2000 pips and in another particular month -100 (no profit at all in term of pips). So, hope anyone here come and say that “hei, you don’t have enough tools, come to my trading rooms and I’ll show you how to keep your pips goin’ even in the toughest market condition”

Is it okay to have such a dreams..

Anyway good luck to all and happy trading
Thanx
  • #9
  • Mar 18, 2007 7:02pm Mar 18, 2007 7:02pm
Quoting mrmikal
That was a work of fiction, no?
It's a fiction anyway very good story... Hope we all can as lucky as him, just the good luck and not the bad luck…. In terms of pips of course, cause we are all trader here.


Thanx
Happy Trading
  • #10
  • Mar 19, 2007 2:33am Mar 19, 2007 2:33am
Quoting laodeabdul

Is it okay to have such a dreams..
No laodeabdul, it is NOT ok to have such dreams. Consider yourself lucky if you can just harvest 50 pips a month per lot per currency pair consistently.

Quoting laodeabdul
Anyway good luck to all and happy trading

Luck has nothing to do with trading, you either have the statistical edge or you don't.
  • #11
  • Mar 19, 2007 4:45am Mar 19, 2007 4:45am
People can’t dismiss luck entirely and based upon statistical edge. Statistical is statistical and luck is luck, there’s nothing you can change about it. Consider two identical entry points, one profit the other loss. How this can be? Of course we can say that the one that earn profit have statistical edge, got some nice system in his/her disposal, have discipline, and etc. etc. however, did you experience this kind of situation before and you experienced another kind of situation that almost 95% identical but the end result is totally different, it’s totally in opposite direction.

Luck still we need. Luck in one form or another. This thread final purpose is to gather everyone trading system that successful to beat the market, hopefully the one that can earn 1400 pips per month in one currency pair. So we can study together, learn from it enough, fits to our style, and then hope that luck is always be with us, earn satisfaction and pipage from Forex market. There’s nothing wrong to dream like that.

Anyway, thanx and good luck
Happy Trading to all.
  • #12
  • Mar 20, 2007 11:10am Mar 20, 2007 11:10am
Quoting laodeabdul
People can’t dismiss luck entirely and based upon statistical edge. Statistical is statistical and luck is luck, there’s nothing you can change about it. Consider two identical entry points, one profit the other loss. How this can be? Of course we can say that the one that earn profit have statistical edge, got some nice system in his/her disposal, have discipline, and etc. etc. however, did you experience this kind of situation before and you experienced another kind of situation that almost 95% identical but the end result is totally different, it’s totally in opposite direction.

Luck still we need. Luck in one form or another. This thread final purpose is to gather everyone trading system that successful to beat the market, hopefully the one that can earn 1400 pips per month in one currency pair. So we can study together, learn from it enough, fits to our style, and then hope that luck is always be with us, earn satisfaction and pipage from Forex market. There’s nothing wrong to dream like that.

Anyway, thanx and good luck
Happy Trading to all.
Don't you think it's probably easier if we stick to a simple trend-trading technique and trade different market at the same time? If we have 10 markets, if one of the market is trending, we will be good. It's the trend that makes the money.
  • #13
  • Mar 20, 2007 1:23pm Mar 20, 2007 1:23pm
Quoting FXTerminator
No laodeabdul, it is NOT ok to have such dreams. Consider yourself lucky if you can just harvest 50 pips a month per lot per currency pair consistently.


Luck has nothing to do with trading, you either have the statistical edge or you don't.
Of course it's okay to dream. If none of us dreamed, then we'd never bother hoping that someday we'd be one of the elite top 10%. When you go a year and you're still negative, and you're still learning and there's still so much to get better at, dreaming is what keeps you going, dreaming is what gives you hope.

But once those dreams do become reality, I'm sure any of those elite 10% will tell you 50 pips per lot per pair per month is nothing. Of course you can do better, FXTerminator and if you seriously don't think it's possible, I assume it's only because you gave up learning how to trade long ago and have decided instead to spend your time shooting other people down and telling everyone that anything more than mediocrity is impossible.
  • #14
  • Mar 20, 2007 1:33pm Mar 20, 2007 1:33pm
It seems everyone is obsessed with pips. People even want to EARN pips. LOL.
I will be happy to earn 1400 dollars even if it means making only 28 pips on 5 lots.
I didn't find a bank yet that accepts pips for deposit.
  • #15
  • Mar 20, 2007 2:53pm Mar 20, 2007 2:53pm
I can do it fairly consistently on EUR/USD. Here's an equity curve for the last six months. Live results are just as impressive.
Attached Image
  • #16
  • Mar 26, 2007 10:09pm Mar 26, 2007 10:09pm
Quoting irusoh
It seems everyone is obsessed with pips. People even want to EARN pips. LOL.
I will be happy to earn 1400 dollars even if it means making only 28 pips on 5 lots.
I didn't find a bank yet that accepts pips for deposit.

Nicely put !

A pip is really just the minimal movement of a currency pair ( in this case ) it is actually the "value" of that pip that is what is important. If a trader trades 10 lots ( standard ) at $10/pip move....this equates to $100/pip move...and then really only 5 pips per day = $500/day x 20 trading days ( +/- ) equals $10,000 USD/mo. ( using eur/usd as an example ) others will vary, of course
So it is the value that is important....not how many pips one can rake. This is why I feel very strongly about being "capitalized" prior to trading, as in any business. If one were to look at a chart of a single trading day....break it down into time frames....netting 5-10 pips/day is so very easy to attain and will keep you knee high in clover!
I feel, that when one is undercapitalized, than one must shoot for 40-50 pip moves per day and use high leverage while trying so hard to be consistent. ( very hard to do ). AND, the best pair for this is the eur/usd.....yep, it is like watching paint dry many days....though that can be a positive also, it won't move against you any faster than it will move for you. Though try to be on the right side...
(ex news time, though I do not trade news releases )
After a few months of building more equity, branch off into another currency, and so on....NO SYSTEM made will work as well....something is always moving.
Please note, I am not against capturing more pip moves....only stating importance of pip value.

Hope this helps and was clear to understand
Proper Prior Planning Prevents Piss Poor Performance
  • #17
  • Mar 26, 2007 10:16pm Mar 26, 2007 10:16pm
Aegis you keep posting this same graph all over the forum.... where are the live trade calls?

Also, your graph is so linear, it looks like scalping.... and backtests don't take out spreads. Oh, and another thing.... what about slippage? Your last trades look like they are trading hundreds of lots... when in fact it is difficult to get filled for more than 10 without slippage.

I'm not attacking you, but until we get some evidence, this is just another fantasy Grail.

No hard feelings.


One final thought about this thread topic: How can you honestly expect a strategy to deliver 1,000s of pips month after month? Sideways markets will make a system like Firebird profitable, while trending months will make a MA crossover system profitable. For me personally, the combination of setups for BOTH sideways and trending markets is the best EA design. I could stand corrected in the future.

This is MY Grail EA..... and I am posting live trade calls in my journal for better or worse. Max lots/trade = 10. Max open positions = 2. The graphi is a 6 year period.
Attached Image
  • #18
  • Mar 26, 2007 10:17pm Mar 26, 2007 10:17pm
of course we could earn a lot $$$ by entry multiple lots, but once we lose the trade, we will losing a lot of money too.
  • #19
  • Mar 26, 2007 10:25pm Mar 26, 2007 10:25pm
Quoting amenlo9
of course we could earn a lot $$$ by entry multiple lots, but once we lose the trade, we will losing a lot of money too.

Apparently you are undercapitalized, or so unsure of your trading that you cannot rake 5-10 pips per day, even if it takes 2 trades to accomplish this.
This is not scalping....I put my limits out where S/R areas are and attempt to get what the market will give up....though I lock in my profits as fast as I can....than scale out ( depending on broker )
As a test, just try to make 7 pips (avg) instead of hitting the long ball....shot for doubles and singles.
Not sure what you mean by "lose the trade", unless you are so heavily leveraged that you must place a tight stop loss....

Hope it helps
Proper Prior Planning Prevents Piss Poor Performance
  • #20
  • Mar 26, 2007 10:38pm Mar 26, 2007 10:38pm
Quoting FxJarhead
Apparently you are undercapitalized, or so unsure of your trading that you cannot rake 5-10 pips per day, even if it takes 2 trades to accomplish this.
This is not scalping....I put my limits out where S/R areas are and attempt to get what the market will give up....though I lock in my profits as fast as I can....than scale out ( depending on broker )
As a test, just try to make 7 pips (avg) instead of hitting the long ball....shot for doubles and singles.
Not sure what you mean by "lose the trade", unless you are so heavily leveraged that you must place a tight stop loss....

Hope it helps
thanks for your information.i am still newbie in forex so i still don't know how to make profit like you.

assume i could easily make 5-10 pips per trade and my initial capital is 1000K,how much % per trade will your suggest?and for 5-10pips TP, our winning ratio should be always 1:1 and 1:2?
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