[survey] scapling 10pips avg a day, do u think possible? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Trading while working // 10pips target per day 20 replies

Anyone using Avg W < avg L? 8 replies

Scapling - Long Term Vs Short Term Trade 8 replies

1 Million $ in 1Year at 10pips/day vs 100%/yr = great trader 4 replies

How to control risk in Scapling Method? 4 replies

[survey] scapling 10pips avg a day, do u think possible?

  • Poll

  • do you think scalping how many pips a day possible? (part time, 3hr/day)
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • #1
  • First Post: Mar 8, 2009 6:16am Mar 8, 2009 6:16am
my calculation say if using position size=10x of account size.
and scalping 10 pips per day, then ROI is 1% per day.
assuming that trade 200 days per year,
that is 101%^200=730% ROI compound...
do you think this goal realistic?
  • #2
  • Mar 8, 2009 6:36am Mar 8, 2009 6:36am
No.
  • #3
  • Edited 7:34am Mar 8, 2009 7:21am | Edited 7:34am
hi Tjpld:

thanks for the comment, I have been trying day scapling for 2 weeks,
and I am personally shooting for scapling 1 pips per day on a 1pip spread broker.
I think that might be achivable?

1pip * 10x leverage=0.1% ROI per day.
almost 20% ROI per year... sounds still too good to be true on a bearish stock market year.

stop/loss is a big topic for scapling... 1 time loss will eat lot of gains.

I am finding that control t/p and s/l to within + - 5pips might be possible if entry is well chose.
(start with -20 s/l default for limit order, modify to -10 after limit order hit, modify to -5 then 0 if show a profit)

this is where I am now. but that only limits s/l, did not guarantee a profit.
  • #4
  • Mar 8, 2009 8:06am Mar 8, 2009 8:06am
Quoting billye
sounds still too good to be true
It is
  • #5
  • Mar 8, 2009 8:33am Mar 8, 2009 8:33am
I think it should be possible if one is mentally healthy unlike myself.

Say only 1 pips per day target,do place any trade any direction with tp only 1 no more ( do not know if allowed or can be possible using break even at less than 10 , be slide 1) with sl over 300 in any pair but the account should tolerate such drawdown should have nearly 100% success daily but if just go with trend or any breakout can be positive in a minute or 2.

Then he should stop for the day because next time he may not positive.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #6
  • Mar 8, 2009 9:26am Mar 8, 2009 9:26am
oh thanks fontu, I see your point.

which means if market is at over-sell or over-bought level
(EUR/USD 1.24 or USD/CHF 1.19)

and I place a limit order where,
if trend cannot break the resistance and travels back,
must pass by...

then trigger limit order -> spread 1pip -> t/p 1pip, that needs 2 pip travel

then done, it's pretty likely to be achivable if i'm shooting for 1pip per day.

and I can monitor the market so that the 2 pip trap-order do not be kidnapped by a extreme slow / choppy market.
(trigger limit order by 1 pip move then reverse as a loss)

then place stop/loss above the level where there is a extemely big resistance... then safe by big chance.

am I understanding it correctly? thanks

btw: note that my assumption is position size=10x leverage of acc size, so -300pips s/l may not be acceptable in a single trade. usually we use 2% loss, i.e. -20 pip s/l and modify it dynamically to -5 then 0 if it turns into a profit.

Quoting fontu
I think it should be possible if one is mentally healthy unlike myself.

Say only 1 pips per day target,do place any trade any direction with tp only 1 no more ( do not know if allowed or can be possible using break even at less than 10 , be slide 1) with sl over 300 in any pair but the account should tolerate such drawdown should have nearly 100% success daily but if just go with trend or any breakout can be positive in a minute or 2.

Then he should stop for the day because next time he may not positive.

fontu
  • #7
  • Mar 8, 2009 10:32am Mar 8, 2009 10:32am
ANYTHING is possible. 100 1000 pip trades in a row is POSSIBLE.

Probable? Nope.
  • #8
  • Mar 8, 2009 10:48am Mar 8, 2009 10:48am
I think I mean feasible for middle+ - 30% traders... not top 10% talents.

or a reasonable goal with diligence and effort paid... say for the next 30 yrs, 200 days, ?? pips a day

Quoting tdion
ANYTHING is possible. 100 1000 pip trades in a row is POSSIBLE.

Probable? Nope.
  • #9
  • Mar 8, 2009 11:20am Mar 8, 2009 11:20am
Quoting billye
oh thanks fontu, I see your point.

which means if market is at over-sell or over-bought level
(EUR/USD 1.24 or USD/CHF 1.19)

and I place a limit order where,
if trend cannot break the resistance and travels back,
must pass by...

then trigger limit order -> spread 1pip -> t/p 1pip, that needs 2 pip travel

then done, it's pretty likely to be achivable if i'm shooting for 1pip per day.

and I can monitor the market so that the 2 pip trap-order do not be kidnapped by a extreme slow / choppy market.
(trigger limit order by 1 pip move then...
Hope so . If one buy at the extreme top or bottom that mere 2 pips movement can't happen throughout the day then it should loss to the extreme . Hope nobody will take a order like that having 24hr to watch to take an order may be positive & hence as I told near 100% positive .

Lot size & sl should be as per money management so thet one can tolerate possible drawdon before it may come positive .

virtually possible though we all failed so far ,mainly due not being happy with any pips we got in a day but continue to hunt more & ultimately loss. Otherwise we all came out rich by this time.

perhaps succesfull traders knew this & they mostly get not let loss again.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #10
  • Mar 8, 2009 10:33pm Mar 8, 2009 10:33pm
i avg 100 pips/ day 10 pips should be ez as pie.
  • #11
  • Edited 10:57pm Mar 8, 2009 10:46pm | Edited 10:57pm
hi n00b, thanks. do you think that could work constantly?

coz my calculation I assume position size=10x acc size,

10 pips a day gives 1% ROI day by day, 101%^200=730%
your account would grow 7 times a year compound... O_O

sounds too good to be truth?

my calculation show if everyone can keep get 10pips per day through practice
then after 10 yrs, 1$ becomes 439million$,
the broker must have gone bankruptcy by then...
anything I'm missing here?

Quoting n00b_101
i avg 100 pips/ day 10 pips should be ez as pie.
  • #12
  • Mar 8, 2009 10:55pm Mar 8, 2009 10:55pm
"Whether you think you can or you think you can't, you are always right" Henry Ford.

BTW, 10 pips per day is possible, the ROI% you state is only possible upto a certain account size. But on a small account, it is possible.

Cheers,
K.
  • #13
  • Mar 8, 2009 10:58pm Mar 8, 2009 10:58pm
Quoting billye
anything I'm missing here?
your assumption is that you will never miss, never have a losing streak, etc. Based on your calculations you would need to purchase 1 standard lot and get 10 pips positive in order to see 1% gain daily.

you make no mention of stop size do you even use a stop??
  • #14
  • Mar 8, 2009 11:01pm Mar 8, 2009 11:01pm
Quoting billye
hi n00b, thanks. do you think that could work constantly?

coz my calculation I assume position size=10x acc size,

10 pips a day gives 1% ROI day by day, 101%^200=730%
your account would grow 7 times a year compound... O_O

sounds too good to be truth?

my calculation show if everyone can keep get 10pips per day through practice
then after 10 yrs, 1$ becomes 439million$,
the broker must have gone bankruptcy by then...
anything I'm missing here?
i have a mini account i just use it to pay rent.
  • #15
  • Edited Mar 9, 2009 4:34am Mar 8, 2009 11:12pm | Edited Mar 9, 2009 4:34am
oh, let me clarify, what I mean average pips gain per day,
has included loss order, big random losses, etc,
and then average by day say how much pips per day is possible... day by day, up to a year, 5 year, etc..

in that case what is the average pip per day goal reasonable?

Quoting magnumfreak
your assumption is that you will never miss, never have a losing streak, etc. Based on your calculations you would need to purchase 1 standard lot and get 10 pips positive in order to see 1% gain daily.

you make no mention of stop size do you even use a stop??
  • #16
  • Last Post: Mar 9, 2009 1:28pm Mar 9, 2009 1:28pm
finishing a day, got only 1 pips by gambling... hehe, paid 8pips to broker actually O_O

http://www.forexfactory.com/showthread.php?t=156914

Quoting billye
oh, let me clarify, what I mean average pips gain per day,
has included loss order, big random losses, etc,
and then average by day say how much pips per day is possible... day by day, up to a year, 5 year, etc..

in that case what is the average pip per day goal reasonable?
0 traders viewing now