20 pips per day, is there anyone can help me?

lol Newbie, you should also share some charts. Risk to reward ratio, all these type of things are important. How long have you been trading for now?

Hi, 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

man an indicator that would guarantee 20 pips a day! I'd like one of those

This 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.

Believe me, trading forex is anthing but easy. The reality of 95% traders fail is a very good proof, why the failed traders take a heavy percentage? because the trading market is full of risky and definetly not easy......

Such a system would be worth millions

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.

hello AkuKaya

I am using your expert advisors
autotrade_ver01.ex4
On the daily chart
thank you very much for sharing

I want it to raise the lot size
How do I make it ?

regards.

5min or 15min chart
Use Bollinger band 20 period, 2 deviation
Higher level and lower level at 8pm eastern time or when the standard deviation is at the bottom

When the price cross the higher level, buy
When it cross the lower level sell
10 pips take profit (or/and let it go with trailing and breakeven SL)
if it cross without reaching 10 pips - take a 5 pips loss or wait until it cross the opposite level (both will work)
When it cross again add 1 lot
Maximum 3 crossing ... if not working after 3 take the day off with that pair.

Easy, nothing fancy ... no stress never hold a position for more than one day.
On gold or silver ... take 20 pips profit and 10 pips loss.

back test you'll be surprise

20 pips a day. is not hard to achieve but you are looking for a system when you should be looking for KNOWLEDGE.

You need to understand the following

1. Best trading practices.
2. Good Cash Management.
3. A good understanding of your charts.
4. The sentiment of the market.
5. How to understand the big trend.
6. The Discipline to never break your rules.

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.

Totally agree with Lizard here. It is impossible to achieve certain number of pips everyday. Important thing is to maximize return using small risk.

No such thing. Even if you found a great indicator with good return, it wouldn't be constant. Market cycle changes and it puts you in red/erases all of you previous gains. That's why even top secret market algo s big banks use are not left alone. They're tuned and observed constantly as the market behavior changes.

No one makes 20 pips per trade "long term"

not the 20 pips is the problem .. per day is !

Everyday is impossible but 20 pips minimum 90% of the time is not too bad
or 40 pips 75% of the time with gold is possible during the New York session as high volatility is needed.
London and Japanese market shows too many fakeout overall.

You won't be able to get 20 pips out of the market every day. The market is not a cash machine where you insert your card and money pops out because you asked for it. It just doesn't work like that. I go for days without taking trades and instead just patiently lurk in the background until I spot something that's worth pursuing.

LOL,yeah it sure is..as for the thread, no one makes X number of pips consistently during all their trades..

want to make more than 20 pips . ride trends. thats the way to go.look at higher time frames for that's where price moves come from.

For all practical purposes, suggest trying this method created by olimpia:
http://www.forexfactory.com/showthread.php?t=492969

Get a trade management EA from Udine's thread, set TP @5 pips net per trade, do 4 trades = 20 pips.

All the best,
T.

Probably more like trillions, 20 pips guaranteed, why not have 1k per pip!!