I beleive 1 pip isnt good thinking, but maybe 5 or 10 pips yes, usign a sl that can make space to your trade and not killing your account, in this strategy you can make dozens of trades, so maybe it can worth it.
Im a Crocodile, Im a Sniper. Patience is everything.
If you want 1 pip a day why are you trading? Seems to me like you're over thinking it and trying to find some super sure way for equity growth 100% of the time. I could be wrong but that's just what I'm getting from reading what was said in the OP. I could see 5 pips or 10 pips if you're trading standards but anything less is probably not gonna turn into a consistently profitable method.
With a 1 pip TP there's no room for a SL because you're risk to reward ratio would be horrible. Not counting the spread. There's simply no point in trading (the CORRECT way; using SL, etc) if you're only targeting 1 pip. You're gonna be at least 1 pip down for the spread, so that would mean you need to target 2 pips and that STILL doesn't help your risk to reward ratio out. Shoot for something higher.
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Joined Mar 2017
|304 Posts
1 pip cannot bring profit too much but if it takes consistency then it will great. Thats really possible to make profit with great consistency when there is always powerful trading strategies as well money managing plan.
Noobs, go away. For pro's. Do you know the way how to earn 1 pip everyday trading on forex? I trade 3 lots at once. That's 30$ per trade. 20 days = 600$. On 5 accounts that's enough for me (3000$). That's all i want. Do you know the way how could i achieve this?
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So, what will be your SL level? 1 pip or more? Even, if you use 1 pip SL, that means you are trading with 1:1 ratio (not an ideal profit ratio). On the other hand, logically 1 pip is very risky SL level! So, I am not sure about this trading system.
{quote} So, what will be your SL level? 1 pip or more? Even, if you use 1 pip SL, that means you are trading with 1:1 ratio (not an ideal profit ratio). On the other hand, logically 1 pip is very risky SL level! So, I am not sure about this trading system.
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No stop loss. my logic allows me to be profitable I can prove it as well. Though there is a drawdown ever so often its worth the risk. Stop losses are the reasons for losing trades. Emergency stops are better. If used properly
{quote} No stop loss. my logic allows me to be profitable I can prove it as well. Though there is a drawdown ever so often its worth the risk. Stop losses are the reasons for losing trades. Emergency stops are better. If used properly
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There's no such thing as a profit ratio. That's the only way banks can keep you in a trade long enough to make your profit turn back into a loss. Because you were waiting for a ratio from risk to profit. As soon as I make a satisfied profit I'm out. What ratio?
1 pip cannot bring profit too much but if it takes consistency then it will great. Thats really possible to make profit with great consistency when there is always powerful trading strategies as well money managing plan.
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How much profit brings profit by 1 pips, it depends on trading balance. Sometimes 1 pip can ensure huge profit if there is huge balance. I also appreciate money managing plan as like you
I have a thread thats pretty interesting about this topic called the daily strategy- a different point of view
In the traders discussion section
Check it out people
For pro's. Do you know the way how to earn 1 pip everyday trading on forex? I trade 3 lots at once. That's 30$ per trade. 20 days = 600$. On 5 accounts that's enough for me (3000$). That's all i want. Do you know the way how could i achieve this? '
Really, 1 pips is like 100 pips, it doesn't make a difference. If you can guarantee 1 pip per day you can be a millionaire off of it, but no body can guarantee you even that 1 pip.
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Joined Dec 2015
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If one is looking to make exactly 1 pip each day it's probably a good idea to use a robot. I am not sure how it can be done manually with absolute precision.
Without enough knowledge being consistent is really challenging; I have no particular target here! When I get a good entry in order to my strategy then I use it; such as last week I opened only 2 trades!
If one is looking to make exactly 1 pip each day it's probably a good idea to use a robot. I am not sure how it can be done manually with absolute precision.
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I will not suggest robot for such small earning. Trading manaully can also earn you a single pip. It is all about your knowledge and skills that you want to trade or not.
{quote} I will not suggest robot for such small earning. Trading manaully can also earn you a single pip. It is all about your knowledge and skills that you want to trade or not.
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How big the earning would be really depends on the lots with which one is trading. Also, my problem was how to be precise enough to close a position manually after just one pip.
