понедельник, 14 мая 2018 г.

Forex 5 pips per trade


30 pips Indicator and Trading Strategy.
30 pip metod.
This is an amazing strategy which can net you 20 - 30 pips every day. Once you hit 20 pips for the day stop. Trade this strategy either 1 hour after the London Open or if you are in USA, trade it between 9:00 am and 10:00 am during the New York session for the best results. Now and then you may see a setup a little later then this and you can take that one also. Works best on the EURAUD , EURUSD , GBPUSD , GBPCHF and EURCHF currency pairs. The EURAUD is the easiest. Others currency pairs can also work such as USDCAD and EURJPY . Attach the template with the indicators to each of the charts for these currency pairs.
Getting Started:
1. You will find the 30pip indicator, ProCCI and Time to next bar indicators in the zip file you downloaded. Open the zip file then copy and paste all of the indicators to the experts/indicators folder of your Metatrader. Attach these 3 indicators to your chart or use the template provided.
2. Place the 30pip. dll file in the experts/libraries folder.
3. Note : You have to enable the option "Allow DLL imports" in your Metatrader. Go to Tools -> Options -> Expert Advisors tab then check "Allow DLL imports" then uncheck the box that says “confirm DLL function calls” Click OK Close the Metatrader and open it up again.
4. You will see message “successfully loaded” if you are activated. If not see below.
Template For your convenience we have provided you with a template. After you put the indicators provided into your experts/indicators folder for your Metatrader, you can load the template. Put the template into the templates folder of your Metatrader and you can attach it to your chart and see all of the indicators ready for trading! This is the easiest way to start.
The most important indicator is the 30pip indicator . This is the indicator that draws the arrows on your chart. You will also get ProCCI indicator. The ProCCI gives you a good overall view which puts you in tune with the market action and will also help you exit.
Entry Rules.
Time Frames and Currency Pairs.
On the EURUSD - You can trade on a 1 minute chart for lots of scalping or on a 5 minute chart All of the rest of the currency pairs use the 5 minute chart only.
There are just 2 Steps for you to follow.
Look for the colored arrows on your chart. They tell you what to do. There are 3 kinds of arrows for you to consider.
High Probability Trades :
These trades have the best chance for success as everything is lined up perfectly. This is the best.
Yellow arrow pointing down for a SELL or up for BUY.
These trades are more aggressive. Often these are still very good trade opportunities but you should use a smaller lot size when trading these. See money management below.
White Hot Trades:
White arrow pointing down for a SELL or up for a BUY .
These are trades where the price is bouncing off of the support or resistance lines on your chart. These are higher risk trades which can go in the right direction for huge profit. The white hot trades work best on the EURUSD and the GBPUSD but not as well on other currency pairs.
After you see the arrow showing the trade direction on your chart:
For a BUY : Look for a strong bullish candle formation on next candle ( A candle that CLOSES above the OPEN price of the previous candle) Open your BUY right after it closes, (use “time to next bar” indicator which is included to help you time your entry properly) See examples below.
For a SELL look for a strong bearish candle formation on next candle (a candle that CLOSES below the OPEN price of the previous candle. Open a SELL trade right after it closes, (see examples below)
Note : Also take into strong consideration the size of the next candle mentioned in Step 2. When you enter a sell trade look for a very strong bearish candle, if you see very small candles with little volume, don't enter, wait for a good candle. Be very patient and look for very good entries.
Also, If the candle is too large right after the arrow shows we will want to ignore that trade. If the bar is say 15 -20 pips or so you may want to ignore that trade as it could reverse backwards.
Wait for another opportunity.
Place a stop loss a few pips below the candle that has the colored arrow pointing.
to it for a BUY or a few pips above the candle with the colored candle pointing to it for a SELL (max of 10-12 pip stop)
Money Management - Conservative Trading Style - Using a test trade.
1. Arrow shows up on chart and we get the confirmation candle telling us it is time to trade.
2. Open a test trade . This trade will test the waters. It will be equal to 0.1 /$1000 in your account so if you have $2000 in account open up a 0.2 lot trade Close this trade when the ProCCI reaches +100 if you are in a BUY or -100 if you are in a sell.
3. If you lost this test trade and it hits the Stop . You will do a follow up trade immediately after a loss. After you lose a trade the arrow will print again showing you a possible new entry. This is the follow up to the test trade. This time open a trade that is 3 X larger then the test trade.. If you opened up 0.1 lots open 0.3 lots for this trade. Use either of the exits you see below.
4. Conservative exit: Close this trade when the ProCCI reaches 0.
5. Aggressive exit: Close the trade when ProCCI reaches +100 if you are in a BUY or -100 if you are in a sell.
Money Management Aggressive - Opening a large trade.
1. BLUE or RED arrow shows on chart and we get the confirmation candle.
2. Open a trade equal to 0.2 lots per $1000 in account balance.
3. Conservative exit: Close this trade when the ProCCI reaches 0.
4. Aggressive exit: Close the trade when ProCCI reaches +100 if you are in a BUY or -100 if you are in a sell.
1. Let the 30 pip indicator arrows show you a high probability trade set up ( RED and BLUE arrows are best) It will show you the arrows and also pop up an alert box telling you a trade may be approaching.
2. Wait for the next bar to close and if it is a strong bullish or bearish bar then open trade at the open of the next candle.
3. USE the Money Management rules shown above. These are the most important rules to consider. The entry is easy for you now that you have the 30 pip indicator. The rest is the exit and the money management.
4. Set your stop loss a few pips away from the candle where you see the arrow.
Trade Example 1 : EURUSD 5 minute Chart.
See the different colored arrows. Each one is showing a possible trade setup is developing.
The white arrow is showing a high probability trade as the candle is touching the support line. The next candle was bearish (down) candle. Once it closed, we do a SELL at the opening of the next candle. Place the stop loss a few pips above the candle that has the arrow pointing to it.
Trade Example 2: See the yellow arrow (aggressive trade arrow). Once the next bar showed a bullish candle (UP bar) we could go long at the opening of the next candle. Place the stop loss a few pips below the candle that has the arrow pointing to it.
Trade Example 3 : See the RED arrow pointing down (high probability trade arrow). Once the next bar showed a bearish candle (DOWN bar) we can do a SELL at the opening of the next candle. Place the stop loss a few pips above the candle that has the arrow pointing to it.
Trade Example 1: EURCHF 5 minute Chart.
See the white arrows at the top or bottom of the chart. It is telling you the price touched the resistance line . The next candle was bearish candle. Once it closed, we go short at the opening of the next candle. Often times when the price bounces off of the resistance line (White arrow) and you get into the trade, you can stay in the trade until It reaches the next resistance line as you can see where we could have taken a SELL . This can result in a HUGE profit so look for these as often as possible.
Trade Example 2: See the yellow arrow (aggressive trade arrow). Once the next bar showed a bullish candle (UP bar) we go long at the opening of the next candle. Place the stop loss a few pips below the candle that has the arrow pointing to it.
Trade Example 1: GBPUSD 5 minute Chart.
There are 4 possible trade opportunities on this chart. There is a white bar (white hot trade) where we could have gone short 1 candle after the white arrow appeared.
Trade Example 2: We see 2 other possible trades when the yellow arrow appeared. There were BUY opportunities after the next bar was bullish bar we would have done a BUY .
Trade Example 3: We see a BLUE arrow indicating a High Probability Trade may occur. The trade was opened after the following bar was an UP bar which is bullish and we are now in a BUY trade.
Trade Example 1: EURUSD 5 minute Chart.
ProCCI and Time to next bar indicators added to the chart.
You can see the ProCCI indicator has been added to the chart. This indicator will help you visualize when the best time to open a trade will be. The best time to open a trade is when the 30 pip indicator prints an arrow on the chart and the ProCCI indicator is at an extreme. When the ProCCI indicator is showing a red highlight on the brown line this indicates a SELL opportunity as the value for the indicator is now +100 which means an overbought condition is now the case. The opposite for a BUY will be the case. When the ProCCI indicator is showing a yellow highlight on the brown line this indicates a BUY opportunity as the value for the indicator is now -100 which means an oversold condition is now the case. See the money management rules above to see how to use the ProCCI to exit a trade.
Trade Example 2: We see a white hot trade arrow and then a down bar. This is a very good trade opportunity and a trade is opened after the down bar closes. We use the “time to next bar indicator" to give us a heads up when the current bar is closing and we can get in right away.
Trade Example 3: We see a RED arrow indicating a High Probability Trade may occur. The trade was opened after the following bar was a DOWN bar which is bearish and we are now in a SELL trade.
Trade Example : EURUSD 1 minute Chart.
Here is a great example of 2 short term scalping trades on the EURUSD 1 minute time frame. You can see the RED arrows appeared and then if you did a SELL after the next bar which was a bearish (Down bar) it would have been easy to get 5 pips on each of these. The RED and the BLUE arrows signify high probability trade set ups are approaching.
Trade Example : EURUSD 5 minute Chart.
Perfect Trade Entry and Exit - Entry #1 has the RED down arrow which indicates a SELL trade is approaching. The next bar is a down bar so we can safely enter this trade. This would have made 30+ pips. Entry #2 also has the RED arrow down which means a sell is imminent. We get a down bar following the RED arrow so we could enter a SELL trade. A perfect exit would be to let this trade go all the way down to the very next resistance line (green line) and close the trade at that point. This trade would have made about 60 pips. Whenever possible let the trade run all of the way until the next support/resistance line is touched so you can get the most possible pips You could also have exited this trade when the ProCCI ( not shown here) touched 0 for a conservative exit or waited for it to reach -100 for an aggressive exit. Either way this would have been profitable.
The 30 pip indicator used along with this simple trade set up is an excellent way to trade. Anyone can learn it as 90% of the trade logic is done for you inside the 30 pip indicator. Even a person new to forex trading can see the arrows on the chart and learn to trade this powerful yet simple method.

What is a Pip?
Swing trading, chart patterns, breakouts, and Elliott wave.
“PIP” stands for Point In Percentage. More simply though, a pip is what we in the FX would consider a “point” for calculating profits and losses.
When trading a mini lot (10k units of currency), each pip is worth roughly one unit of the currency in which your account is denominated. If your account is denominated in USD, for example, each pip (depending on the currency pair) is worth about $1.
In all pairs involving the Japanese Yen (JPY), a pip is the 1/100th place -- 2 places to the right of the decimal. In all other currency pairs, a pip is the 1/10,000 the place -- 4 places to the right of the decimal.
(Created by Jeremy Wagner )
You’ll see that the digits for pips are in a larger font. This makes them easier to see.
Additional transparency is provided through most electronic platforms as each currency pair is quoted with precision to 1/10th of a pip. This fraction of a pip allows price providers to bring spreads down even further as they are not restricted to quoting in full pip increments. This is beneficial to you, the trader, because the spread is a component of your transaction cost.
You’ll notice that earlier in this post, we mentioned that the value of a pip for a 10,000 unit trade is roughly equal to 1 unit of your denominated currency (or $1 if you have a USD account).
Now, let’s identify what the actual value per pip is.
For those who wish to determine the calculation by hand, follow this method below (if you are not interested in the mathematics involved, then proceed to the next article).
First you start with the size of your trade. If you want the value of a pip for a mini lot, you start with 10,000. You then multiply your trade size by one pip for the pair that you are trading.
In this example we are going to calculate the value of a pip for one 10k lot of EUR/USD.
So since I am using 10k mini-lot, I’m starting with 10,000. I multiply 10,000 by .0001 since 1/10,000th is a pip for all pairs (except JPY pairs).
That gets me a value of 1. That will be valued in the “counter currency” (second currency) of the pair that I am trading. In this example, I am trading EUR/USD, so USD is the counter currency of the pair. One pip is worth 1 USD dollar for one 10k lot of EUR/USD.
If my trading account is based in US Dollars, then I will see $1 of profit or loss on my account for every 1 pip move that the EUR/USD makes in the market.
Now, if my trading account is based in Euros (EUR), I would have to convert that $1 USD into Euros. To do so, I just divide by the current EUR/USD exchange rate which at the time of writing is 1.3797. I’m dividing here because a Euro is worth more than a USD, so I know my answer should be less than 1. 1 divided by 1.3797 is 0.7248 Euros. So now I know that if I have a Euro based account, and profit or lose one pip on 1 10k lot of EUR/USD, I will earn or lose 0.7248 Euros.
Let’s do another example of GBP/JPY.
Again we’ll go with a one 10k lot trade.
This time a pip is .01 because it is a JPY pair.
10,000 times .01 is 100. Again, that “100” is in terms of the counter currency, so it is 100 Japanese Yen (JPY).
Now we need to convert that 100 Yen to the denomination of your account. If you have a USD based account, then you take the 100 Yen and divide it by the USD/JPY spot rate, which at the time of this writing was 105.11. That gets you an answer of $0.95 per pip.
---Written by Jeremy Wagner, Head Trading Instructor, DailyFX Education.
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Scalping system #4 (5 pips with GBP/USD)
Submitted by Edward Revy on May 20, 2007 - 07:42.
This simplified trading system derived from the previous “2 SARs to go” system and is a work of our dedicated scalper – Alex Wakemann. Thank you, Alex! His scalping insights will be published and updated on our pages as we move on. With this Forex scalping system Alex claims to always get at least 5 pips per trade.
Trading pair: GBP/USD.
Time frame: 5 minute chart.
SAR on MACD (0.1, 0.11)
SAR on the chart (0.1, 0.11)
Trade only from 7:30 am EST to maximum 11:30 am EST. Preferred days – Tuesday to Friday.
Once both SARs are in agreement, e. g. suggest the same buy or sell opportunity – enter with either 1 order (to get 5 pips and leave the trade) or 2 orders at once (to chase the market further).
A stop loss is adjusted upon entry to the last but one SAR dot on the chart. If at the moment of the entry there is only one dot on the chart – set stop at this dot.
Profit targets – 1st – 5 pips.
2nd – only when an opposite signal appears – both SARs change direction or when the stop (by that time it is usually a profit stop or at least a break even situation) is hit.
If before that you feel that profits are already high to keep – lock them in earlier.
Now about exits:
If while keeping an open trade one SAR suggests an opposite trend, but the other does not – stay in trade.
Remember – a stop loss is always at the second nearest SAR dot on the 5 min chart.
With each new SAR dot – adjust stops for all orders to the second nearest SAR dot.
Why second? I found that very often the first SAR dot can be hit, but the second will hold. At that time I do not move my stop and sit tight until the SAR reverts and I can continue trading.
Additional notes: want even a better entry? Then open an additional 1 minute chart with the same settings and once got a signal from 5 min chart, look at 1 minute. Does the price confirms/moves in your direction or is it going the opposite way (temporarily making small corrections)? With the second option you have a time to wait until the price on 1 minute chart aligns with 5 minute chart.
Happy Forex scalping!
Copyright © Forex Strategies Revealed.
Very interesting method.
Does the 5 pips per trade include spread?
No it's without the spread. The strategy allows you to cover the spread cost and then make 5 pips on top.
Thanks for prompt reply.
Will give it a try.
Excellent site with some great ideas!
On the above illustration I have noticed that there is a pink line on the chart which seems to follow the SAR dots. Is this a moving average? I don't seem to have it on my Oanda chart.
Also have you any more tips on this method of scalping?
That's in fact pink EMA I left on the chart while making this sreenshot, probably standard 14 period. I remember I was trying to twist it to filter some trading signals. You may test it too.
The idea is that when you get a signal from both SARs (same as in the rules above) you also check on a position of a candle against 14 EMA: if both Sars tell to Buy and a candle is trading above 14 EMA - this signal should offer a safe entry; if the candle is below 14 EMA - risks are higher and if I'm not up to it - I stay out and wait.
Try it out and tell me what you think about it.
Thanks once again for the prompt reply.
I have been following the system for some time now and as with all systems it works best when you check for trends on a longer time scale chart. Will keep testing!
Thanks again for your time and effort.
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Forex 5 pips per trade


Woody Creek, Colorado, June 2016.
“… a lithograph picture that’s turned to the wall …”
The Paperback is Here.
W. W. Norton’s paperback edition of Dry Bones in the Valley is available in the US as of April 6, 2015. It will fit in a large pocket and is suitable for travel, reading, swatting insects, and other uses. Links to retailers can be found on the book page.
In Good Company.
This past weekend I attended the Los Angeles Times Book Prizes and Festival. By day, jacaranda trees were in bloom; I’d never seen trees that purple before. Saturday night, will wonderments never cease under the stars of heaven, Dry Bones in the Valley took the prize in the Mystery/Thriller category. At the ceremony, the UCF string quartet played the winners on and off the stage. I don’t usually crow about the book on this particular page, but hey, it felt and still feels just as strange and dreamlike as anything else …
Sky Before Painting of Sky.
“For those of us who write poetry, Stanley Kunitz’s life and his work remind us that although we have been born into an unkind world that tells us to be hard and separate, it is our calling to dance for the joy of survival on the edge of the road. We must have faith that we will change, and yet we must remain modest. Poetry is a necessary and natural phenomenon, neither superior to the work of the tortoise beetle larva nor less wonderful. We must choose love before love story, sky before painting of sky, gentian blossoms before poem, even though those these choices might lead to heartbreak. We must be kind. We must be present. Kunitz reminds us not to neglect the humble life that dies into our poems, and is no less blazingly luminous for being ordinary.”
-from “I Dance for the Joy of Surviving: Stanley Kunitz’s Meditations on the Writing Life” by Dante Di Stefano. Writer’s Chronicle, September 2014.
Check out the cover on Faber & Faber’s edition (UK).
“One bright moonlit night, as one of the sons of the farmer who lived at LLwyn On in Nant y Bettws was going to pay his addresses to a girl at Clogwyn y Gwin, he beheld the Tylwyth Teg enjoying themselves in full swing on a meadow close to Cwellyn Lake. He approached them, and little by little he was led on by the enchanting sweetness of their music and the liveliness of their playing until he had got within their circle. Soon some kind of spell passed over him, so that he lost his knowledge of the place, and found himself in a country, the most beautiful he had ever seen, where everybody spent his time in mirth and rejoicing. He had been there seven years, and yet it seemed to him but a night’s dream; but a faint recollection come to his mind of the business on which he had left home, and he felt a longing to see his beloved one. So he went and asked permission to return home, which was granted him, together with a host of attendants to lead him to his country; and, suddenly, he found himself, as if waking from a dream, on the bank where he had seen the fair family amusing themselves. He turned towards home, but there he found everything changed: his parents were dead, his brothers could not recognize him, and his sweetheart was married to another man. In consequence of such changes he died broken-hearted in less than a week after coming back.”
–As told to John Rhys, author of Celtic Folklore, Welsh & Manx, Volume One (1901)

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5 Pips A Day Trading Strategy.
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5 Pips A Day Earnings Potential.
5 Pips A Day Back Testing.
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5 Pips A Day Summary.
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5 Pips A Day.
Frequency.
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