Largest average PIP profit target for long trades?

Jan 26, 2017 at 08:38
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2 Replies
Member Since Jan 25, 2017   12 posts
Jan 26, 2017 at 08:38 (edited Jan 25, 2017 at 16:50)
I'm going to try switching up my strategy, which has largely been volatility-based with market orders and required eyes on the screen all day, to something more along the lines of set-it-and-forget-it and limit order based (which I might be able to automate down the road.)

What is the largest PIP profit that I might want to target on my positions for the week-month long timeframe for balancing opportunity : risk?
Member Since Sep 12, 2015   1948 posts
Jan 26, 2017 at 14:24
Set it and forget it is more suited to Stocks than FX, for trading FX you only really need to trade at certain times of the day, open ,crossovers , major news events, you can set alerts to your phone for levels, you can work out what possible pip target to set by looking at past data, not that its any indication of what's going to happen in the future:)
"They mistook leverage with genius".
Member Since Oct 26, 2010   24 posts
Jan 29, 2017 at 05:28
I use set and forget style with limit orders set daily. I prefer scalping target of 15 pips and target mostly at EU pairs. Have been very successful for me with daily profits...😎
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