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what is biggest pip trade you have seen?

tacet
Nov 11 2019 at 08:52
57 posts
Professional4X posted:
tacet posted:

FA and TA should Both be given equal consideration for analysis, with a primary focus on Risk Management for the account.

To focus only on FA and ignore the information from TA is a massive mistake and is one of many contributing factors to people losing money in the markets.

To be profitable an investor needs to consider ALL available information and manage their risks appropriately.


very well said. I am not dismissing TA, far from that, just saying that FA is primary to TA. Consider here TA as a supportive instrument to FA, better entries/exits etc...

every beautiful garden has a strong hedge around
tacet
Nov 11 2019 at 08:53
57 posts
rickyb posted:
my best was 800 pips


excellent

every beautiful garden has a strong hedge around
rickyb
Nov 14 2019 at 03:22
83 posts

gbp/aud 438 pips in 2 days. $87879 real account. 30 lots.10/14/2019

tacet
Nov 14 2019 at 08:34
57 posts
rickyb posted:

gbp/aud 438 pips in 2 days. $87879 real account. 30 lots.10/14/2019


real deal!

every beautiful garden has a strong hedge around
rickyb
Nov 14 2019 at 21:38
83 posts
gbp/aud 438 pips in 2 days. $87879 real account. 30 lots.10/14/2019 ;someone must have erased my link. look for user waveprofit

tacet
Nov 14 2019 at 21:56
57 posts
rickyb posted:
gbp/aud 438 pips in 2 days. $87879 real account. 30 lots.10/14/2019 ;someone must have erased my link. look for user waveprofit


cool! just a bit left to $1M - good luck!

every beautiful garden has a strong hedge around
tacet
Nov 14 2019 at 22:42
57 posts
Apart of 'number of pips in a closed trade' there is another statistical measure which separates a scalper and a trend trader: the 'Sharpe'. It relates to risk as you know. Usually, in forex, a scalper has Sharpe below 0.1, whereas a successful trend trader's Sharpe is above 0.25. In my little fx projects I try to get Sharpe of at least 0.5, but it's not easy - I need to improve 😳.

I know some fx trend traders who consistently return Sharpe above 1. I have never met a fx trader whos Sharpe is 2 or close to this number let say over 500 trades - this would be absolutely outstanding in any investment/trading field... Anyone here?


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every beautiful garden has a strong hedge around
rickyb
Nov 15 2019 at 09:28
83 posts
is not my account;just noticed it.

togr (togr)
Nov 15 2019 at 12:35
4862 posts
I made 20705.3 pips on my Caesar account.
That is what count, single trade even though it might be impressive does mean nothing as in context with other trades it might even be loss when you sum it up.
Imagine opening 2 trades with opposite direction at the same time, you got very big winner with lot of pips which you can post here,
but as a sum of both trades you will face the loss - if you close them both at the same time,
it might be possible to close both with profit but that would reuqire closing them at different times and not much market move,

tacet
Nov 17 2019 at 14:43
57 posts
togr posted:
I made 20705.3 pips on my Caesar account.
That is what count, single trade even though it might be impressive does mean nothing as in context with other trades it might even be loss when you sum it up.
Imagine opening 2 trades with opposite direction at the same time, you got very big winner with lot of pips which you can post here,
but as a sum of both trades you will face the loss - if you close them both at the same time,
it might be possible to close both with profit but that would reuqire closing them at different times and not much market move,


what you said is absolutely right, but the trader who started this thread had a specific question. It's like in sports, f.e. tennis - you may play on the ATP tour, getting to semi-finals many times and winning a lot of money, but never reaching or winning in major finals like in the Opens... Trend traders do discuss/show their longest trades in pips - because for them one of the most important qualities is to run a trade from start to end! Thus the question asked in the beginning of the thread is a rightful one... Scalpers may not appreciate this topic but they should not dismiss it.

I like your Caesar trading, a good number of pips - it would correspond to a bloody long trend (2-3 years) 😄...

every beautiful garden has a strong hedge around
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