Rating: Full Star Full Star Full Star Full Star Empty Star
what is biggest pip trade you have seen?
Previous 1 2 3 4 5 Next
pullpotential

Member Since Sep 06, 2019  8 posts pullpotential Nov 04 at 18:07
Some big pip targets here but pips it a totally meaning less measure for profit. $$$$ and %%%% are what really matter

tacet

Member Since Mar 10, 2019  41 posts tacet Nov 04 at 18:42
pullpotential posted:
Some big pip targets here but pips it a totally meaning less measure for profit. $$$$ and %%%% are what really matter


read out the topic title, mate... a trend follower wanted to know about your trades with MAX PIPS.... I bet yours are 10 pips x 100 Lots cool, but in general u r right, of course...

you can’t fail if you don’t quit
BluePanther

Member Since Jan 25, 2010  1266 posts Matt (BluePanther) Nov 04 at 19:32
pullpotential posted:
Some big pip targets here but pips it a totally meaning less measure for profit. $$$$ and %%%% are what really matter


Pips may seem 'meaningless' when measuring actual dollar gains, but without market movement (pips) no gains can be made!
Higher pips = Greater market movement = Bigger profit potential.

Professional traders measure their performance in pips and not dollars: Justin Bennett, Mark Shawzin, etc.

BluePanther

Member Since Jan 25, 2010  1266 posts Matt (BluePanther) Nov 04 at 19:55
Generally speaking:

Positive pips = a winning strategy
Negative pips = a losing strategy

You will find Grid-Martingale EAs often have negative pips, because they use recovery orders to close large pip losers.
Hence GMEAs have a negative pip expectancy:


Attachments:

BluePanther

Member Since Jan 25, 2010  1266 posts Matt (BluePanther) Nov 04 at 20:01
pullpotential posted:
Some big pip targets here but pips it a totally meaning less measure for profit. $$$$ and %%%% are what really matter


Take care of your pips, and the profits will take care of themselves! cool

tacet

Member Since Mar 10, 2019  41 posts tacet Nov 05 at 08:45
BluePanther posted:
pullpotential posted:
Some big pip targets here but pips it a totally meaning less measure for profit. $$$$ and %%%% are what really matter


Take care of your pips, and the profits will take care of themselves! cool


very well said cool

you can’t fail if you don’t quit
tacet

Member Since Mar 10, 2019  41 posts tacet Nov 05 at 11:47
For a trend following trader the number of pips they squeeze from a trend is directly proportional to profits in cash. It also says about the QUALITY of trend traders as it's not easy at all to time a trend right... but if you do it well it's very rewarding. This is why there are not so many contributing to this thread - nothing to show... Of course, some may scalp a trend with EAs - it's good - but so much riskier especially at the trend turns (good for brokers thou)...

you can’t fail if you don’t quit
togr

Member Since Feb 22, 2011  4513 posts vontogr (togr) Nov 05 at 16:12
Positive pips determine how good was the trade
But the profit of such trade depends on its size.

SO
1 lot trade with 10 plus pis generate more profit than
0.1 trade with 50 pips.

That's why it is good to use leverage and get more profit. Wisely!

I like what I trade, I trade what I like
tacet

Member Since Mar 10, 2019  41 posts tacet Nov 06 at 10:13
togr posted:
Positive pips determine how good was the trade
But the profit of such trade depends on its size.

SO
1 lot trade with 10 plus pis generate more profit than
0.1 trade with 50 pips.

That's why it is good to use leverage and get more profit. Wisely!


sure - but this relates to traders' risk management... the guy asked about one's longest trend in pips. There are not so many quality trend traders around thus the low activity on this trend... By the way most social platforms 'push' beginners to concentrate on making pips from scalping - that's wrong... cool

you can’t fail if you don’t quit
JDavda

Member Since Jun 18, 2013  8 posts Jignesh (JDavda) Nov 06 at 13:28
My biggest trade was 1700 pips shorting EURNZD. It was back in 2014 when the Euro was falling apart. The best part was that it was collecting a nice swap while I held for just over three months.

But it actually messed me up pretty bad. While it was one great trade, this was early on in my trading and set the wrong mindset for me. After that, I gave back all the profits and a significant chunk on top of that chasing 1000 pips trades. Since then times have changed and there is a lot more of this grinding type action in the markets. I find it much more tougher to get the big trades these days and now look for much smaller pips.

The only place I think you might be still able to get a good return with fair risk is in equities. Perhaps Gold if it does another leg higher, but timing is so important in these type of trades if you want to make sure your risk is controlled.

If you don't stay humble, the market will make you humble
Previous 1 2 3 4 5 Next
Loading
Loading
EURUSD 1.10819 GBPUSD 1.31868
USDJPY 108.564 USDCAD 1.32395

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.