DislikedTread any pair with 10ema cross in 1h chart......you will get at least 20 pips for each cross.Ignored
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Dislikedgreetings everyone....
i am newbie in forex. i am looking for any mt4 indicator or trading system that can give me 20 pips per day with RR 1:4.
is there anyone could help me? iam trade in GBP/USD and EUR/USD.
many thanks before
best regardIgnored
I guess indicators are a good start when you're first learning how to trade. Just as thinking that indicators are going to help like that
When you've found one heres a tip.. in my experience some indicators work better or worse depending on the timeframe you're applying them on. Probably longer the better for the well discussed ones.
Eg. Fibonacci works like a treat on 1 hour charts, but the value (for entering and exiting positions at least) gets less as you shorten the timeframes.
DislikedHi, if I can help. try this on demo, if it suit you. almost every day with 20pips, but some day no trades, and some days with drawdowns: depends on your trader type: EA design for EURUSD, start account equity with USD500. ifyou're conservative, run at H1 monthly gain expected ~5% with max drawdown ~10 to 20%. if you're aggresive, try run at M30, M15. or at M5 monthly gain expected ~20%, but the max drawdown is higher(should have hard balls . best rgds, AkuKaya {file}Ignored
I have made a living in Forex for years and any system that claims daily profit is assuming that there is the right trade every day. However that does not take into account major events (like one country invades another or a terrorist attack). One of the biggest thoughts you must internalize is " you never sit down to trade, you just sit down to see if there is a trade". Until you understand that you will get beat up by the Forex markets.
Forex Factory is a great place to add to your knowledge. There many great resources online. Study them all but remember that many of the people here are newbies and many sound like they know what they are doing. You must learn the basics so you can judge the difference.
This site does a pretty good good job at filtering the junk.
There is no magic System only Magic traders.
DislikedThis is ridiculous. You ride the market and take what it gives you. You don't shoot for an arbitrary number of pips per day. You have many years of pain and aguish ahead of you, I'm afraid.Ignored