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Help creating a 1 pip system!

  • #21
  • Nov 18, 2009 3:57am Nov 18, 2009 3:57am
Well, let's see.... you calculate your stop at 30 pips for a 40% risk. And then you kinda trick yourself into risking less by setting the stop at 12 pips.

OK, what about doing that on the other end ??

You could calculate the profits at 1 pip, but then 'trick' yourself into more profits by setting it higher.

I don't know if it would work, but it sure would be exciting to re-calculate that excel sheet !!

The thing is, that a lot of us have gone down this road before, to no avail.

You're going to need to do some testing and try it out. It's the only way for you to "see" how it will play out.
  • #22
  • Nov 18, 2009 5:19am Nov 18, 2009 5:19am
People have to remember what he is suggesting is part of the learning curve. It's just like having kids, no matter how many times you tell them, they've got to actually touch fire at least once to internalize that it's dangerous.

To the OP, good luck.
  • #23
  • Nov 18, 2009 6:34am Nov 18, 2009 6:34am
Latency trading is what you should go for.
  • #24
  • Nov 18, 2009 7:22am Nov 18, 2009 7:22am
Quoting drago24
Hello fellow traders!!! My name is drago24.. I have been really thinking about how to put together a 1 pip system. Now I know this sounds crazy but I hope there are some traders on the same page as I am! What we will be trying to do in this fourm is to create a system that is 99.9% accurate in gaining 1 pip!

Just think about my fellow traders!!!!! There are many systems out there that are trying to gain so many pips but do not work simply because traders over trade them correct? Many of us traders have system that go 1 pip our way almost...
if you do this, i suggest using lower leverage, just to put your stops further away so at least you'd be trading within a move rather than the normal swings.
  • #25
  • Nov 18, 2009 7:33am Nov 18, 2009 7:33am
Quoting hilmy83
if you do this, i suggest using lower leverage, just to put your stops further away so at least you'd be trading within a move rather than the normal swings.
Pff... low leverage. How stupid is that?!
  • #26
  • Nov 18, 2009 8:33am Nov 18, 2009 8:33am
Quoting The Lord
Latency trading is what you should go for.
The Last Mile, a fiber optics term, is as important, I just read, in latency trading, as it is to go that last mile
in ordinary trading, that is, to have the best technical chart and/or fundamentals method possible
to use the highest margin for as many pips as you can consistently get per trade.

I'm on demo, and 50:1 seems plausible for trend trading.
  • #27
  • Nov 18, 2009 9:22am Nov 18, 2009 9:22am
Thanks everybody for your post!! In not messin with merlin lol!!! Well if nobody thinks it can be done then I really must be crazy!! I think im on to somthing already so ill see here in the next couple of months!!!
  • #28
  • Nov 18, 2009 9:44am Nov 18, 2009 9:44am
Drago,

I feel like this strategy can be done, but do not expect too much returns (can not risk 40%, that is absurd, risk 5% max). When people develop these types of strategies they get very VERY discouraged when 2 or 3 losses come in a row and just throw the idea out the window. Alot more factors come into play when your live account is at risk.

Keep us informed!

MADNESS
  • #29
  • Nov 18, 2009 11:28am Nov 18, 2009 11:28am
Quoting Madness
Drago,

I feel like this strategy can be done, but do not expect too much returns (can not risk 40%, that is absurd, risk 5% max). When people develop these types of strategies they get very VERY discouraged when 2 or 3 losses come in a row and just throw the idea out the window. Alot more factors come into play when your live account is at risk.

Keep us informed!

MADNESS
I like your comment! I just made a trade and won! Im going to test what im doing for months before I go live!
  • #30
  • Nov 18, 2009 1:53pm Nov 18, 2009 1:53pm
Interesting but I have a problem risking my hard earned cargo on a TP@Spread+1/SL@-15 system.

btw. can you show some stats that indicate that 99% of the time you will be UP 1Pip before you are DOWN 15Pips?

Just sayin'
  • #31
  • Nov 18, 2009 3:00pm Nov 18, 2009 3:00pm
Workin on that right now brotha!!!!
  • #32
  • Nov 18, 2009 3:07pm Nov 18, 2009 3:07pm
Just buy when I go short and sell when I go long. 99% chance of getting at least 2 or 3 pips right away.
  • #33
  • Nov 18, 2009 4:03pm Nov 18, 2009 4:03pm
Drago
Look up a poster OrangeRoshan, and review the SRDC1 method. Nice little method that may help you in your quest.
In trading, there is no bullshit. You either make money or you don't.
  • #34
  • Nov 18, 2009 6:42pm Nov 18, 2009 6:42pm
if you are familiar with j-chart, you can place trades around balance points.
  • #35
  • Nov 18, 2009 7:42pm Nov 18, 2009 7:42pm
Asian session, eur/usd, so long as the the move is not a strong trend move, if price is above daily pivot, place a buy at dp, tp 1pip. vice versa for shorts.

Won't go into sl as you are intent on fighting your way uphill.

Take any $ amount that is not impt to you, $20, $50, whatever. Put it on the Big O broker, place ur limit orders at 50:1 lev, and close the computer. If it works, you will have made a lottttt of $$$. If it doesn't then, what the hell, you weren't going to miss the money anyway.

Good luck.
K.
  • #36
  • Nov 18, 2009 9:29pm Nov 18, 2009 9:29pm
Quoting mrgreen
Drago
Look up a poster OrangeRoshan, and review the SRDC1 method. Nice little method that may help you in your quest.
yes. I suggest using the daily or weekly bar. then i can guarantee 99.9% that the high or low will be surpassed by more than 1 pip.
  • #37
  • Nov 18, 2009 10:30pm Nov 18, 2009 10:30pm
Has any thought about using the 15 min chart as a signal and trading the signal on the 1min?
  • #38
  • Nov 18, 2009 10:34pm Nov 18, 2009 10:34pm
Quoting kermut
Asian session, eur/usd, so long as the the move is not a strong trend move, if price is above daily pivot, place a buy at dp, tp 1pip. vice versa for shorts.

Won't go into sl as you are intent on fighting your way uphill.

Take any $ amount that is not impt to you, $20, $50, whatever. Put it on the Big O broker, place ur limit orders at 50:1 lev, and close the computer. If it works, you will have made a lottttt of $$$. If it doesn't then, what the hell, you weren't going to miss the money anyway.

Good luck.
K.
What do you mean 50:1 level.. need some help with this one lol!!!
  • #39
  • Nov 18, 2009 10:35pm Nov 18, 2009 10:35pm
Quoting hilmy83
yes. I suggest using the daily or weekly bar. then i can guarantee 99.9% that the high or low will be surpassed by more than 1 pip.
What would be the set up to trade the daily candle?
  • #40
  • Nov 18, 2009 11:25pm Nov 18, 2009 11:25pm
Try buying and selling at the break of each daily candle, whatever direction comes first. A pip must be gained.
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