5 pips per day forex

5 pips a day is a fully automated forex trading system that targets 5 pips a day and has been developed to run on the EURUSD 1 minute chart in the mt4 platform.
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To become a consistently profitable Forex trader you have to learn to take what the market gives you. That might mean not trading for a day or even a week. To say that a market is going to move in a way that will produce 10 pips of profit each and every day is completely unrealistic. This can be used for any trading strategy out there.

Can 5 Pips A Day Really Make You Money In FOREX?

In order to do this, you will need to use two metrics to track your performance. The first metric should be your percentage gain. This will be the amount you aim for each month. I recommend starting off somewhere between five to ten percent profit per month. This is a realistic expectation and has real value. You know exactly how much five to ten percent profit per month would equal based on your account size.


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If you simply aim for pips per month, for example, who knows how much each pip is worth. By using a percentage gain you are establishing a performance target with real value. The second metric needs to account for risk. What is that, you ask? You simple take your profit target in pips and divide it by your stop loss in pips.

For example a pip target with a pip stop loss would be 3R.


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Therefore the goal for your second metric would be to maintain an average 2R minimum for the month. This forces you to look for favorable trade setups where the potential reward is at least twice the risk. There you have it. Instead of aiming for an arbitrary number of pips per month, you aim for five to ten percent per month while maintaining an average 2R minimum. At least not the root of the problem. The problem is the idea that profits from the Forex market can be put on a set schedule.

The other problem is risking nine times the potential reward. Becoming consistently profitable is all about putting yourself in favorable positions to make money. A trade setup where a loss is nine times greater than the potential reward is the opposite of favorable. You may say this is all just my opinion. And you would be correct.

But when was the last time you heard a professional Forex trader say they were done for the day because they hit their 10 pip goal? Of course not. In fact here is a quote from Bill Lipschutz himself. For the longer-term trades, especially when multiple leg option structures are involved and some capital may have to be employed, I look for a profit to loss ratio of at least five to one. Or that price action is the only viable trading strategy. Dare I say impossible? Have you tried something similar to the 10 pips a day Forex strategy? Do you think the approach to setting performance targets discussed in this article will be helpful in your trading?

Save my name, email, and website in this browser for the next time I comment. There is no math that says 2R is better, nor is there any valid logic that makes 2R better. Neither will make you money without an edge. Thanks for your comment. I never mentioned anything about not needing an edge. Of course a trading edge is required to make money consistently. But a trader with an edge using an average 2R minimum will outperform a trader using the same edge using an average 1R minimum. Which is to trade with momentum from key levels using price action as confirmation.

There are some strategies which are designed to work better shooting for a consistent 1R.

5 Pips A Day Forex Robot Profits Everyday! - video Dailymotion

The way I trade on the other hand is to use a 2R minimum. It just works best for the way I trade. We agree to disagree. If you like you can trade Options and results are the same. I think, those numbers are nice, but not reachable for most of retail traders. Maybe, it is an some kind of example for the article.

So I woul like to know your point of view on this. Are there any stats or whitepapers or experience from your work with students or something… what yearly gain is quite often reachable at majority of retail traders? Thank you and keep doing good work. Therefore that percentage is reserved for those who have an edge and have mastered the ability to control their emotions, among other things. In fact I often make that in a single trade.

The figures I gave in the article are just examples.

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Some truly excellent articles on this website, thanks for contribution. That 1 lot trading is very risk. Most of currency pair going to your way about 5 pips because as every body know market never never straightly going to one direction from the start to end. So you can trade. You dont need SL.

Just trade the major pairs with very low spread or ecn account. Dont hope longterm stretagy because you have to wait many days to see you loss. You have to wait many days to put one of your trade and another many waiting days to know win or loss. Most people who teaching on line are believe in longterm strategy but only people who show hundred of their won trades in youtube are more trustable. Nearly every experience traders can teach without their live and real trading show.

Sorry, I do not understand this explanation. Instead, you work at the comfort of your home, and you can go for movies any time, any day. How to earn that extra income online is the first question that anyone looking to make money on the internet asks. It is unfortunate that most people think of Blogging and YouTube when they hear about earning extra income online.

So, how can you make a massive income online? Stock prices can go up down at any time. Smart traders can start with a few dollars, but it is crucial to know how the stock market works. No one is exceptional in the stock market, and even a beginner can earn as much as a thousand dollars in the stock market. Unless a beginner steps on a gold mine or has luck, you may never earn anything with a reasonable approach.

It can only work when someone has a magic wand, but where do you find it? It is a software program that stock market traders are using as a magic wand to rake in massive profits.

5 Pips A Day Review: Forex Trade Robot

Traders have to sit back, relax, and enjoy withdrawing a bunch of money daily. Traders can make at least 5 Pips forex trade program with this software program, with a profit margin of up to 10 to pips, but it can never be less than 5 pips. Try 5 Pips forex trade program today, and you will realize how magical it is.

It is a magical software program equipped with an AI bot to trade for you. It has been in operation for several years now, and its bots know everything ranging from the market crash, downhill to uphill. An AI-enabled bot uses artificial intelligence technology to study market trends. Unlike an expert who has to study the market and then apply their intelligence, 5 Pips forex trade Program is intelligent and knows everything about the stock market. It trades on behalf of you and controls all your transactions. All a trader needs is to open a trading account and install it.

You can install it in an account with pennies or one with millions of dollars already lost or earned. After all, we all have other things to do apart from staring at charts, so let the 5 Pips forex trade bot do it. If that is for a day, now imagine how much you would earn with it in a month? Once it is activated, the bot will generate a transaction history that a trader can track.

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The only promise is that the profits will be in large margins. The bot can harness a 50 buck check for trade on the first day, and traders can expect the profit to double on the second day. Traders have tried different forex trading software programs that have eventually turned out to be a disappointment.

You might be one of the many people who are tired of losing money after trying different forex trading robots with no success. However, 5 Pips forex robot is a software program designed for such people, and it is designed to earn an average trader five peeps every day.