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How many pips a day ?
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walpandree

Member Since Nov 03, 2018  3 posts walpandree Nov 09 2018 at 10:47 (edited Nov 08 2018 at 17:13 )
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

Penrose2000

Member Since Oct 26, 2018  10 posts Penrose2000 Nov 14 2018 at 11:08
Daily is quite a short time frame to look at pips. I only look at monthly pips count. I am getting around 300 now but made a loss for long time

jamesgwyther

Member Since Aug 05, 2017  289 posts jamesgwyther Nov 14 2018 at 11:56
Penrose2000 posted:
Daily is quite a short time frame to look at pips. I only look at monthly pips count. I am getting around 300 now but made a loss for long time



What turned around your trading?

walpandree

Member Since Nov 03, 2018  3 posts walpandree Nov 14 2018 at 14:53
Penrose2000 posted:
Daily is quite a short time frame to look at pips. I only look at monthly pips count. I am getting around 300 now but made a loss for long time


thanks.

jamesgwyther

Member Since Aug 05, 2017  289 posts jamesgwyther Nov 15 2018 at 10:47
300 pips a day consistently is a crazily good amount!

walpandree

Member Since Nov 03, 2018  3 posts walpandree Nov 15 2018 at 11:22
jamesgwyther posted:
300 pips a day consistently is a crazily good amount!
I think he's saying 300 pips per month (not per day)

montamessi2

Member Since Nov 08, 2018  1 posts montamessi2 Nov 16 2018 at 07:38
hi

breesean

Member Since Sep 28, 2015  5 posts breesean Nov 16 2018 at 07:38
30-40 pips a day is about normal I think !

niceGLer

Member Since Dec 28, 2013  158 posts niceGLer Nov 16 2018 at 14:08
breesean posted:
30-40 pips a day is about normal I think !


For which kind of a strategy is that? I think for intraday trading that is a bit optimistic. Are you trading all of your hours outside of the bed?

Redwingfan

Member Since Oct 29, 2017  10 posts Biff (Redwingfan) Nov 17 2018 at 08:02
'I track all of my trading data/stats in excel. Even my best week after week runs have inconsistent day to day returns. I think a better look at any strategy is to look at your pip totals based on a rolling return. I use 5, 10, 15, 20 and 30 rolling pip returns. I believe that this assessment of your trading will let you know if you are on the right track. Do not use an arbitrary daily or even weekly goal because it will change but the change might be statistically predictable.'



and that is 5, 10, 15, 20 and 30 day rolling returns.

You cannot have out of the ordinary returns by trying ordinary things. Do you think Goldman Sachs uses the same indicators you use?
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