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walpandree
Nov 09 2018 at 10:47
3 Beiträge
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
Nov 14 2018 at 11:08
10 Beiträge
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
Nov 14 2018 at 11:56
289 Beiträge
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
Nov 14 2018 at 14:53
3 Beiträge
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
Nov 15 2018 at 10:47
289 Beiträge
300 pips a day consistently is a crazily good amount!

walpandree
Nov 15 2018 at 11:22
3 Beiträge
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
Nov 16 2018 at 07:38
1 Beiträge
breesean
Nov 16 2018 at 07:38
5 Beiträge
30-40 pips a day is about normal I think !

niceGLer
Nov 16 2018 at 14:08
164 Beiträge
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?

Biff (Redwingfan)
Nov 17 2018 at 08:02
10 Beiträge
'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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