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Help creating a 1 pip system!

  • #41
  • Nov 19, 2009 9:27am Nov 19, 2009 9:27am
Quoting drago24
if you calculate you stop loss at 30 pips each trade and instead of putting your stop at 30pips you put it at 12 you are cutting your risk to way less then 40%!!
... and increasing threefold the probability of such stop being hit...
  • #42
  • Nov 19, 2009 12:15pm Nov 19, 2009 12:15pm
I did some testing on this, it works until one loss wipes the last 15 trades away.
there got to be some other way,
EX open buy and sell at the same time when one hits 2pip+ close the other one, but the spread have to be factored in !!!!
any other suggestions?
  • #43
  • Nov 19, 2009 12:55pm Nov 19, 2009 12:55pm
I don't see anywhere in post 1 where you said "per DAY". Everyone just assumed that. A 1 pip per x minutes is probably doable, that's what scalpers do all day. You will need a tick or seconds chart - or renko - with a short time frame and small swings.
  • #44
  • Nov 19, 2009 1:41pm Nov 19, 2009 1:41pm
Quoting Kenz987
I don't see anywhere in post 1 where you said "per DAY". Everyone just assumed that. A 1 pip per x minutes is probably doable, that's what scalpers do all day. You will need a tick or seconds chart - or renko - with a short time frame and small swings.
Post Number 7 on page one.
  • #45
  • Nov 19, 2009 2:21pm Nov 19, 2009 2:21pm
Thanks Mag: Didn't see that. So, then what does one do with the other 23 hours and 50 minutes of the day? Can't do much partying with just $20.00. Also, seems a shame to leave all those other lonesome pips just lying there on the table.
  • #46
  • Nov 19, 2009 2:36pm Nov 19, 2009 2:36pm
Quoting Kenz987
Thanks Mag: Didn't see that. So, then what does one do with the other 23 hours and 50 minutes of the day? Can't do much partying with just $20.00. Also, seems a shame to leave all those other lonesome pips just lying there on the table.
1 garanteed pip a day sounds good to me, even if it was .10$ a pip.
  • #47
  • Nov 19, 2009 5:20pm Nov 19, 2009 5:20pm
Jado: I think you can get that guaranteed in a bank savings account. No computer. No overhead. No retirement.
  • #48
  • Nov 19, 2009 6:09pm Nov 19, 2009 6:09pm
Quoting Kenz987
Jado: I think you can get that guaranteed in a bank savings account. No computer. No overhead. No retirement.
I'm more interested in the 1pip a day, thanks for your suggestion though.
Oh and I'm working on an EA to do that
  • #49
  • Nov 19, 2009 8:46pm Nov 19, 2009 8:46pm
Quoting jado911
I'm more interested in the 1pip a day, thanks for your suggestion though.
Oh and I'm working on an EA to do that
i'll follow the ts request to not make any scything or sarcastic comments....

so here is a real suggestion to help you get your 1pip system.

- get access to a institutional platform. i recommend BARX by barcap. they give you order flow volume, tick order book volume...your spreads are as low as 8micros (.8 ticks) for 100mio usd min. they are quite generous with leverage too...between 12 - 20 times depending on your acct size.

i have a friend that uses them -- he averages 2 - 3 tick targets per trade.

suggest you look for a book on tape reading too -- good stuff for this type of trading.
  • #50
  • Nov 19, 2009 9:06pm Nov 19, 2009 9:06pm
LOL you traders are funny!! Does anybody have an idea for this 1 pip system?
  • #51
  • Nov 19, 2009 9:15pm Nov 19, 2009 9:15pm
Dude - I gave you an idea on how you could learn to fish -but like most its probably just too much work for you to do the research.

Quoting drago24
LOL you traders are funny!! Does anybody have an idea for this 1 pip system?
In trading, there is no bullshit. You either make money or you don't.
  • #52
  • Nov 19, 2009 9:25pm Nov 19, 2009 9:25pm
Quoting mrgreen
Dude - I gave you an idea on how you could learn to fish -but like most its probably just too much work for you to do the research.
No im doing research man lol!!! im just asking does anyone else have any input but thank you for yours!!!
  • #53
  • Nov 19, 2009 9:54pm Nov 19, 2009 9:54pm
Quoting drago24
LOL you traders are funny!! Does anybody have an idea for this 1 pip system?
I do.
Please do not delete your subscription to this idea. It must eventually become a winner.
{only problem is that, by then, we will have 98% of your account...} Look elsewhere would be my advice.

Seriously, Good Luck. Innovative Thinking {old & new} can help.
  • #54
  • Nov 19, 2009 10:05pm Nov 19, 2009 10:05pm
Quoting Bemac
I do.
Please do not delete your subscription to this idea. It must eventually become a winner.
{only problem is that, by then, we will have 98% of your account...} Look elsewhere would be my advice.

Seriously, Good Luck. Innovative Thinking {old & new} can help.
Hi Drago,

with 1 pip system, u need ~25 days continous win to breakeven 40% sl risk vs account growth.

If the system can last for many months before sl hit, it is profitable system . If rules is to Stop the system when the sl hit, maximum risk is 40% at first day and the risk reduce day by day.
Attached File(s)
File Type: xls drago.xls   54 KB | 487 downloads
  • #55
  • Nov 19, 2009 10:23pm Nov 19, 2009 10:23pm
One of my friend uses a software that controls bandwidth for particular applications run on windows. He allows high bandwidth to one broker software and low bandwidth to the real trading platform. He just sits and watch over the market something like 5 screen trading. Whenever he sees a gap been hit on any pairs, due to the bandwidth control, his real platform is due for the gap. He places the trade and few seconds later, the trade goes into his favor and he earns pips. The only trouble so far he got is he is banned by three brokers already for this.

If you can somehow manage not get banned, this is a great system.
GoodLuck.
  • #56
  • Nov 19, 2009 10:28pm Nov 19, 2009 10:28pm
Perhaps one could try multi-broker arbitrage - if the quotes on the same pair disagree by more than double the spread for two brokers, buy with the broker where the price is lower, and sell with the one where the price is higher.

However I don't know if there are enough opportunities for such large disparities (must be at least 5 pips for EUR/USD). Another problem is that by the time both orders are sent, one of the quotes could change and you instead get a loss.
  • #57
  • Nov 20, 2009 12:15am Nov 20, 2009 12:15am
Quoting Kenz987
I don't see anywhere in post 1 where you said "per DAY". Everyone just assumed that. A 1 pip per x minutes is probably doable, that's what scalpers do all day. You will need a tick or seconds chart - or renko - with a short time frame and small swings.

From post #1: For example: say you have an account balance of 5000USD and you risk 40% of your account witch is determind by your stop! Say your stop is always 15pips. If we can gain 1 pip daily for a whole year we would have over 2 million dallors!
  • #58
  • Nov 20, 2009 3:30am Nov 20, 2009 3:30am
OK guys, I think I'll give it a try. I'll start a new journal with a small account over there at Oanda. But I won't do it with high leverage.

The biggest problem might be to set a tp so close, at least with limit/stop orders.
  • #59
  • Nov 20, 2009 7:19am Nov 20, 2009 7:19am
Trade a breakout of the daily candle but instead of using the high and low, use the body of the candle. Of course ignore the sunday candle. You should be able to get your 1 pip a day easily that way.
  • #60
  • Nov 20, 2009 11:12am Nov 20, 2009 11:12am
Quoting The Lord
One of my friend uses a software that controls bandwidth for particular applications run on windows. He allows high bandwidth to one broker software and low bandwidth to the real trading platform. He just sits and watch over the market something like 5 screen trading. Whenever he sees a gap been hit on any pairs, due to the bandwidth control, his real platform is due for the gap. He places the trade and few seconds later, the trade goes into his favor and he earns pips. The only trouble so far he got is he is banned by three brokers already for...
This has been and is being tried. Brokers are aware and activley watching it. Not a full proof system though, as no 2 feeds are ever exactly the same. I know someone who tried with a high-speed and a dial-up connection. His results were inconsistent.
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