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The Ultimate Trading System

  • #1
  • First Post: Edited Jul 12, 2013 1:39pm Jul 8, 2013 10:01am | Edited Jul 12, 2013 1:39pm

30 Pips a Day - That's All you Need


The Plan
As of today, I am starting to create a trading system that can make a minimum of 30 pips a day, with extremely low risk. On average each trade should make
only 6 or 7 pips, taking about 5 or 6 trades a day.

Why so small?
Is 30 pips a day enough? Well, since this system is based on low risk, you can then begin to increase your size. And if your trading 10 regular contracts making 30 pips a day, 3 grand isn't too bad for a days work. Once we have enough confidence in the system we can begin to increase the number of pairs it trades and the number of trades it takes a day, but up until then 30 pips a day is enough.

What's Next?
I will continue to upload the progress of this system, including screenshots of both the backtests and live trades. Feel free to ask any questions or contribute your ideas in the forum below.

Let's Go!
  • #2
  • Jul 8, 2013 1:53pm Jul 8, 2013 1:53pm
Hi, I look forward to see how this Ultimate Trading Plan progresses. Best of Luck
  • #3
  • Jul 8, 2013 9:46pm Jul 8, 2013 9:46pm
Hi, can you put an explorer of your system here?
  • #4
  • Jul 10, 2013 7:30am Jul 10, 2013 7:30am
Sounds like a fun plan. I will try to follow the thread. You should give more info about your system or your ideas. Will it be mechanical? Will you use price action? What kind of indicators will you use?

You should also make a good money management plan, especially if you're looking to make 30 pips per day. A great MM plan will make a huge difference.
  • #5
  • Jul 10, 2013 10:05am Jul 10, 2013 10:05am
Hope this is not limited only to words.

Waiting for the updates
  • #6
  • Jul 10, 2013 5:48pm Jul 10, 2013 5:48pm
Will review the thread for an update, charts etc and hope it pans out. The fact that there have been other threads like this which more or less de-evolved to name calling, so here's to hoping this one's different, good luck
  • #7
  • Jul 10, 2013 11:57pm Jul 10, 2013 11:57pm
I'm aboard! Hope to learn something new. Looking forward to the material and teachings.
  • #8
  • Jul 11, 2013 2:01am Jul 11, 2013 2:01am
Quoting AndrewPro
30 Pips a Day - That's All you Need The Plan As of today, I am starting to create a trading system that can make a minimum of 30 pips a day, with extremely low risk. On average each trade should make only 6 or 7 pips, taking about 5 or 6 trades a day. Why so small? Is 30 pips a day enough? Well, since this system is based on low risk, you can then begin to increase your size. And if your trading 10 regular contracts making 30 pips a day, 3 grand isn't too bad for a days work. Once we have enough confidence in the system we can begin to increase...
a number of points jump to mind...

1) you don't actually have a system, you are creating one - that puts you in the same category as 99.9% of people here on FF.

2) you don't give any details of this system

3) you are spamming other threads directing them here - why is that when you don't even have a system?

4) you have chosen to create this in the Rookie thread - instead of the Trading Systems thread or Journal thread, why is that I wonder?
  • #9
  • Jul 11, 2013 2:05am Jul 11, 2013 2:05am
Results are in from the first back test. A very smooth consistent 30 pips a day I will be sharing details later I have to pop out now but this uses no price action, no indicators no nothing, I will reveal all later. This is 7 pips a day in GBP/USD.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 284 KB
  • #10
  • Jul 11, 2013 2:19am Jul 11, 2013 2:19am
Quoting MaxDoom
{quote} a number of points jump to mind... 1) you don't actually have a system, you are creating one - that puts you in the same category as 99.9% of people here on FF. 2) you don't give any details of this system 3) you are spamming other threads directing them here - why is that when you don't even have a system? 4) you have chosen to create this in the Rookie thread - instead of the Trading Systems thread or Journal thread, why is that I wonder?
hello Mr Max,

Firstly yes I am a trader, I trade manually in the forex markets but I wanted a fully automated system I could run on the sidelines. This is where the idea of a small 30 pips a day came from.


i will admit when I started this forum no I did not have a system, just an idea. I have however now created the code and am I'm the process of back testing the strategy. You can see a screenshot above.

i will not tell you or anyone else the exact code but I will explain how it works so you can create something similar yoursselfs.

thanks, AndrewPro.
  • #11
  • Jul 11, 2013 10:00am Jul 11, 2013 10:00am
Hi Guys I am back now.

So obviously I am not going to tell you exactly how this works and how to make it but I will point you in some key areas to focus on.

The Theory of Randomness.
Each trade has a 50/50 chance of winning. It is impossible to predict the future so why try? This 50/50 chance can be improved by something called money management. The bigger the stop loss and the smaller the profit target means that you will have a higher success rate. However using a small stop loss and a big profit target will ruin your success rate and more importantly your account balance. So this system does use a much smaller profit target than it does stop loss, however this means the success rate is improved greatly. The key for you is to find a balance between the profit target and stop loss.

The Ultimate Trading System.
This system uses a 7 pip profit target but a 200 pip stop loss. This may seem crazy but combined with the time in which the trade is taken means that you have an extremely high success rate. I may need to tweak these numbers but I will continue to post backtest results, and soon both demo and live results. I will also let you know if I create a trade explorer.
  • #12
  • Jul 12, 2013 4:15am Jul 12, 2013 4:15am
Huh? A 200 pip stop with just a 7 pip profit, how does that work? And yeah, it does sound crazy..but still, looking forward to the next update. And yes, do post the results on the 200 pip stop strategy, and it would be great if you back tested it on live account.
  • #13
  • Edited 10:13am Jul 12, 2013 9:59am | Edited 10:13am
Quoting AndrewPro
Hi Guys I am back now. So obviously I am not going to tell you exactly how this works and how to make it but I will point you in some key areas to focus on. The Theory of Randomness. Each trade has a 50/50 chance of winning. It is impossible to predict the future so why try? This 50/50 chance can be improved by something called money management. The bigger the stop loss and the smaller the profit target means that you will have a higher success rate. However using a small stop loss and a big profit target will ruin your success rate and more importantly...
this just gets more ridiculous the more you post.......

firstly, you don't have a system (you already admited that) next you have a stupid R:R (200:7), thirdly you are not actually going to tell anyone about this non-existent system

and yet you are still spamming other threads to get people to look at this thread which you raised in the rookie section - oh I wonder why you do all that.... ummm because you want rookies to contact you, so that you can offer to invest their money in your system maybe?

So I will tell you what I think.... I think that your system is fictitious and I think that you are out to fleece newbies and I think it is delusional calling this thread
"The Ultimate Trading System"
Quoting AndrewPro
Ultimate Trading System - 30 Pips a day that's all. Tell me what you think. Look it up on Forex Factory
Quoting AndrewPro
Ultimate Trading System - 30 Pips a day that's all. Tell me what you think.
Quoting AndrewPro
TheUltimateTradingSystem - search it on FF see what you think.
Quoting AndrewPro
TheUltimateTradingSystem - search it see what you think.
  • #14
  • Jul 12, 2013 10:12am Jul 12, 2013 10:12am
Quoting MaxDoom
{quote} this just gets more ridiculous the more you post....... firstly, you don't have a system (you already admited that) next you have a stupid R:R (200:7), thirdly you are not actually going to tell anyone about this non-existent system and yet you are still spamming other threads to get people to look at this thread which you raised in the rookie section - oh I wonder why you do all that.... ummm because you want rookies to contact you, so that you can offer to invest their money in you system maybe? So I will tell you what I think.... I think...
Look mate no offence but some people here are actually interested In the development of this idea. Like I said before I will not tell you the exact code but will explain the ideas and logic behind it. I was not spamming I commented on about 4 different posts trying to generate some interest that's all. No I don't want your money or anyone else's. this is the second time you've commented complaining about this thread, so focus more on your trading and less on moaning at other people. Ok thanks.
  • #15
  • Jul 12, 2013 10:32am Jul 12, 2013 10:32am
Quoting AndrewPro
{quote} Look mate no offence but some people here are actually interested In the development of this idea. Like I said before I will not tell you the exact code but will explain the ideas and logic behind it. I was not spamming I commented on about 4 different posts trying to generate some interest that's all. No I don't want your money or anyone else's. this is the second time you've commented complaining about this thread, so focus more on your trading and less on moaning at other people. Ok thanks.
I think you need to look at what you are saying....

You reckon people are interested, you are wrong they are interested in you sharing details of "The Ultimate Trading System" which you neither have nor are you willing to share.....

Yes you are spamming... you posted in 4 other threads promoting this thread - that is spamming and misleading spam at that when this thread does not actually have any "Ultimate Trading System" as advertised...

I suggest that you close this thread and open a trading journal in the correct thread instead of targeting rookies with your non-existent system that you don't want to share.

As for my focus I go to great lengths to try and expose potential frauds on here with good success and I will continue to do so.

even your username should be a red flag to rookies...
  • #16
  • Jul 12, 2013 10:43am Jul 12, 2013 10:43am
I actually think this system might have merit. What's the probability on hitting a 7 pip take profit on a random entry?

Obviously the 200 pip losses could cause serious damage, but if they were infrequent enough this system might have a positive expectancy.
  • #17
  • Jul 12, 2013 10:51am Jul 12, 2013 10:51am
Quoting MaxDoom
{quote} I think you need to look at what you are saying.... You reckon people are interested, you are wrong they are interested in you sharing details of "The Ultimate Trading System" which you neither have nor are you willing to share..... Yes you are spamming... you posted in 4 other threads promoting this thread - that is spamming and misleading spam at that when this thread does not actually have any "Ultimate Trading System" as advertised... I suggest that you close this thread and open a trading journal in the correct thread instead of...
Help me out here guys how do i block this guy? For the last time like i have said COUNTLESS times I will show you how the system works but will not share the exact code i use for the strategy. As for this non-existent strategy well I am sitting here with the code right infront of me so its somewhat existent. You are clearly not a trader and have no idea how to trade, you'd rather search through finding different posts i've commented on and then somewhat spam my thread critising my trading system. Please leave, as you can see from MrMaxX people are interested. How can I be a fraud I'm not asking for your money I'm not telling you to do anything. So for the last time MrMaxDoom please stop commenting.
  • #18
  • Jul 12, 2013 10:52am Jul 12, 2013 10:52am
Quoting TheMaxx
I actually think this system might have merit. What's the probability on hitting a 7 pip take profit on a random entry? Obviously the 200 pip losses could cause serious damage, but if they were infrequent enough this system might have a positive expectancy.
Exactly. Combine this with a high probability entry point yes it will take very few trades but they will be extremely high probability (originally it was a random entry but a higher probability such as breaking above 1DH would work much better), therefore we can take a bigger size and make some $$$.
  • #19
  • Jul 12, 2013 10:54am Jul 12, 2013 10:54am
Quoting TheMaxx
I actually think this system might have merit. What's the probability on hitting a 7 pip take profit on a random entry? Obviously the 200 pip losses could cause serious damage, but if they were infrequent enough this system might have a positive expectancy.

The problem is when you lose two times in a row.

BTW who much will you risk in each trade?
  • #20
  • Jul 12, 2013 10:57am Jul 12, 2013 10:57am
You could backtest this strategy very quickly and easily with Forex Strategy Builder (it's free).
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