Help creating a 1 pip system!

thats pretty easy,
take you trades on big round numbers like 1.4500, 1.500, 145, 90, 95, 100, (500's and 1000's).

But it may not work the 16th time.

hey everybody I back.. thanks for the input... the system I'm trying to create here is for fun... the one pip system is for an account that has a starting balance of 50 or 100 dollars... this way if u do lose that 1 time then it simply wouldn't matter because its not much money!!! do this.. trade one pip until u gain 500 or 1000 dollars then take that out and do it all over again.. its worth the risk if u ask me... as traders I know you guys have 50 dollars sitting around or you wouldn't be in this business lol. I wouldn't agree on putting more then the amount suggested above... just don't be gready and take out ur profits even if its less then 500 ... u will have some extra cash that u can spend and reinvest!!! maybe even start a pretty big account 1 day with money you didn't have to work hard for.. this is jus an idea and maybe even an opportunity for those who are serious.. open to other opinions!!!!

Won't work. If you try it one time with success you should stop. Don't try to do it over and over again because over time you will lose. You will fail so often that you can't cover your loses with the one time you got lucky.

hey drago..... your expecting to much from 100 bucks..... the margin requirements would demand low lot size.......

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suggestions for your system.....

as for profit target...... you really should set your sights higher than 1 pip.... perhaps between 4 and 10.....

as for signal...... consider trading against rare events in momentum type indicators.... such as stoch at 99 or 1..... or maybe 96 and 4.... so the thought would be to sell once stoch hit 96 and buy when it hit 4..... only on the close..... try 30 and 60 minute timeframes.....

the success rate should be your dearly needed 100%.....

even so, 500$ will be a long time coming with a 100$ balance.......h

Guaranteed 1 Pip / Trade System.

Pick Your Entry & that takes a measure of Skill.

If you are planning on Trading the 5Min, check the 1Hr.
If you are planning on Trading the 1Hr, check the Daily.
If you are planning on Trading the Daily, check the Monthly...

Nutshell & Moral....
Look Up.

BMc

you have hit what I have been trying to get at since i started this post!! I use the 15 min TF and the 1 min TF using the adx and the advanced adx!!!

Drago, this system sounds cool but you have to lower your risk/reward ratio. Just think about it. Warren Buffet is making 40% annually and he is told to be the best trader of all times. As you input your system gains 20000% annually!!!!!! (5000$-1 000 000$). Another thought is not using stop loss. Brokers love people using stop loss. Stop loss means you give them your money. What I`m using when I`m wrong is averaging positions. For example you buy 1.5000 but the price goes down 1.4000 you buy again your average position is 1.4500 you take profit now at 1.4501 or you buy double at 1.4000 and your average position now is 1.4333. Basically half of the trading is risk management. Do the math and go for no more then 100% annually anything above that is 100% fail in the long run.

Greets

any traders out ther? I have been trading live with my 1 pip system and still have not took a lose to my account.. I know someone is a way better trader then I am and can make a pip everytime they trade!!!

did you really manage a 1 pip system with no loss so far drago?


that is great for you congratulations.




i am working on the exact same thing and i have good results but nothing perfect yet. i am so far working with billl williams awesome oscillator, and macd mostly for this.

i still have one idea i need to put in practice and hope that one will be the rigt one,



would you mind sharing your system drago? maybe i have something to offer in return?

you are all looking the wrong direction.

we need fresh ideas brothaz and systaz

id rather look for a 1 pip/hour system

Here is an interesting post you might want to take a look at.....

http://www.forexfactory.com/showpost...7&postcount=30

Hi Drago,

why you want to have certanity where it doesnt exist? Your edge in the market cant be certanity, because on the market it just doenst exist. Better try create a system that wins 40-50% of the times, but your winning trades should be higher than losing trades. Try not to avoid losing because it is part of trading. If you cant handle the stress that comes with losing then better make eforts to learn to handle losing.

How is your idea coming along Drago? I just found your post...I've been pondering this idea for quite some time! I have some ideas but am not ready to post them publicly just yet. After reading your post I am positive that we can work together to develop the system.

Cheers

Just a thought here regarding any system that requires 99.9% accuracy:

You will never know the true accuracy of the system in practice. When using this extreme confidence level you must be certain what will happen if your accuracy rate is not right.

In the original example you have a 40% stop loss, and let's use 10,000 trials in our sample.

At 99.9% you would expect to have your stop loss hit 10 times. According to your model it would still be a profitable strategy.

But then consider maybe your model is wrong and you are only accurate 99.8% of the time?

Now you have 20 stop losses, and this might just wipe you out.

Think about this for any system, and consider the sensitivity of the accuracy rate.

Here you go xeron

Ive been looking at a one pip idea. have a look at the EA. the idea is to set the take profit 1 higher than the spread - prob to a max spread of 2.

It doesn't really work though. ...

I do this for the quiet days when eurusd just doesnt want to move or i trade a trend that i believe is false. For the later one 1pip TP, 6 pip SL mostly but depends on the volatility. For the first, one pip tp and SL is calculated from chart. I keep a time stop for this say 5sec or 1 min and SL is as high as the candle of that frame are on average. If tp is not hit in 5sec or 1min(or watever time frame), close the trade. There are times when it does not move more then 10-15pips for hours and i have around 100 roundturns in couple of hours with one standard lot. On average i have found it profitable to some extent but its not worth the trouble. I do it when nothing moves and you cant get those swing trades. PS: I trade 6E where spreads are tight. I dont think this would work with any retail brokers, they have far too many weapons to use against us. 1 pip? thats average slippage u will get with them.

Just go with a 100 pips breakout from the open of whichever session you want.

you do realise such a system will probably not be allowed to be run with most brokers?

Unless they're ECN, in which case you have to contend with commission and spread fluctuations.