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Help creating a 1 pip system!

  • #61
  • Nov 20, 2009 2:39pm Nov 20, 2009 2:39pm
Hey traders im tresting a system right now but work is getting in the way!! will someone make a ea of it so it can be backtested... it will give us results faster and we can foward test it as well!! if someone wants to do it let me know and I will send you the rules to this system!!
  • #62
  • Nov 20, 2009 3:29pm Nov 20, 2009 3:29pm
Quoting drago24
Hey traders im tresting a system right now but work is getting in the way!! will someone make a ea of it so it can be backtested... it will give us results faster and we can foward test it as well!! if someone wants to do it let me know and I will send you the rules to this system!!
I have already did some thing like that but it seems my rules are't that great. if your rules are any better, Im willing to give it a try.
  • #63
  • Nov 20, 2009 8:50pm Nov 20, 2009 8:50pm
Does any one have a daily candle indicator that can detect witch way that one daily candle is going.. if does it give theright singnal? IF not can this be programmed ?
  • #64
  • Nov 20, 2009 9:15pm Nov 20, 2009 9:15pm
To earn one pip (after minus off the spread) in a trade is not difficult if we are in a strong trend. Just jump in when the strong trend is in progress. This actually gives us 99.9% chance of winning in this game. However, the downside is that this requires constant monitoring and glueing to the monitor. This is what some calls it as "scalping".
~*~*~*~*~*~*~*~*~*~ Yesterday's pips once more
  • #65
  • Nov 20, 2009 9:18pm Nov 20, 2009 9:18pm
Quoting drago24
Does any one have a daily candle indicator that can detect witch way that one daily candle is going.. if does it give theright singnal? IF not can this be programmed ?
Gold digger... That's all I have to say.
  • #66
  • Nov 20, 2009 9:34pm Nov 20, 2009 9:34pm
Gold digger? thats not cool dude! this is for fun and if we make money we make money you dont have to be apart of it! nobody is making you trade to gain 1 pip profit!! have fun with your craft and thats all that matters!!
  • #67
  • Nov 20, 2009 9:45pm Nov 20, 2009 9:45pm
Quoting Bemac
Gold digger... That's all I have to say.
I programmed an EA to take a trade from 1M when the trend was strong on 5M and 15M, some of them would ht the SL of 15 before the hit the 1pip TP.
I got an Idea involving some hedging, but I lost it some where
  • #68
  • Nov 20, 2009 10:04pm Nov 20, 2009 10:04pm
Drago24, your thread has inspired Xaron to demo it. He has already started his journal. I wish best of luck to Xaron.

  • #69
  • Nov 20, 2009 10:49pm Nov 20, 2009 10:49pm
How about using the Martingale system of doubling your risk each time you take a loss?
I could really use your pips.
Don't Anticipate
  • #70
  • Nov 20, 2009 10:54pm Nov 20, 2009 10:54pm
this EA is not complete, it needs another condition to open trades, which is if the advanced ADX is Red or green. I don't have experience to do that part so I'm posting this to see if any one can give a hand.
Attached File(s)
File Type: mq4 1pipADX.mq4   12 KB | 319 downloads
File Type: mq4 Advanced_ADX.mq4   2 KB | 339 downloads
  • #71
  • Nov 20, 2009 10:56pm Nov 20, 2009 10:56pm
Quoting The Lord
Drago24, your thread has inspired Xaron to demo it. He has already started his journal. I wish best of luck to Xaron.

I wish Xaron luck as well.. Thats the idea of this thread, to open up traders minds a little bit and expand as traders.... Theres a million and more things that we can do as traders... SO LETS DO THEM!! i think there is a system that can gain one pip almost all the time and we will come up with it.. Good luck traders make your quest fun...

I really did not like that gold digger comment simply because why trade forex if you dont want to make a living from it or if you dont want part time money? If your a good trader you dont have a choice but to be rich lol!! so i guess im a gold digger if thats the definition lol...
  • #72
  • Nov 20, 2009 11:23pm Nov 20, 2009 11:23pm
I like the approach. I'm sure gaining one pip a day is not what bother you drago man. I'm sure your point is that there is some small part of planed profit that every single trade go into even if it turns out to be a looser later on.

I like this approach and if I run trading company I would think of you as a guy.

In my opinion, trading bounces is proper direction for this system, as breakouts may have too much "bad volatility".

I'm with you, however I think open forum is not exactly the place where you find people that want to look below surface when seeing some idea like this [let's face it. This idea sounds stupid].

In general I think best way to think it over would be to sit above live quotes and discuss PA as it goes. This should bring the system quite quickly.
  • #73
  • Nov 20, 2009 11:43pm Nov 20, 2009 11:43pm
Quoting drago24
Gold digger? thats not cool dude! this is for fun and if we make money we make money you dont have to be apart of it! nobody is making you trade to gain 1 pip profit!! have fun with your craft and thats all that matters!!
Sorry. I thought you were trying to be serious.
My Woops...
Done here.
  • #74
  • Nov 24, 2009 3:25pm Nov 24, 2009 3:25pm
my 2 cents:

-maybe you can try this......buy eurusd and at same time sell gbpusd and when combined is up 1 pip close all positions and start over again....just started looking at it 2day so forgive me if it sounds a bit strange....
manually it is to much looking at your screen...not that i mind but an EA for testing purposes would be much appreciated

with regards
  • #75
  • Nov 25, 2009 12:39pm Nov 25, 2009 12:39pm
disregard my last post......blew out a demo with this way of trading
  • #76
  • Nov 25, 2009 2:29pm Nov 25, 2009 2:29pm
Already? less than 24hours
  • #77
  • Nov 26, 2009 9:46pm Nov 26, 2009 9:46pm
Are you traders done with ideas? Think about it!!!
  • #78
  • Nov 26, 2009 10:58pm Nov 26, 2009 10:58pm
I think its silly and kind of a wasted of time to work for only one pip when its is easy to get more.
  • #79
  • Nov 27, 2009 3:11am Nov 27, 2009 3:11am
I stopped reading on page 4 but heres a touch of reality for you.

Even with allllllllllllllllll of your backtesting and modeling, if you did find a system with a 1 pip gain at 99.9% that doesnt not mean that the next trade is going to be the same. Statistically and probability with a hindsight backtested basis is great, but when you risk 40% of your account of a trade, with a SL in place there is absolutly no guarentee that your next trade will yield 1 pip before your SL is hit.

That my friend is reality and it is something that you find out with days, and weeks and months of trading. Absolutly nothing is guarenteed (except spreads/commissions, join in all and show me some more) in real time, not even your highly qualified and quantified testing, not the amount of knowledge you have gained over time is going to get you a guarenteed 1 pips gain 99.9% of the time, to think otherwise is gambling and dangerous, once again especially at a leveraged 40% risk.

If you feel you need to dismantle your account and hand the pieces off over the world then do so. What I and others have said obviously means little because the glorified holy grain of 99% wins doesnt happen unless you take away you SL and trade completely open to risk, in which case you will become a major statistic eventually when the 1% or .1% event comes along and destroys everything you have worked for, on the previso that your first trade is not that event.

Razor
  • #80
  • Dec 1, 2009 6:26am Dec 1, 2009 6:26am
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...
threads like these are 10x better than the best viral internet video. thanks drago24 for making my day! http://cdn.forexfactory.com/images/icons/icon10.gif lol
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