How many pips a day ?

Nov 09, 2018 at 10:47
6,743 Angesehen
117 Replies
Mitglied seit Nov 03, 2018   3 Posts
Nov 09, 2018 at 10:47 (bearbeitet 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
Mitglied seit Oct 26, 2018   10 Posts
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
Mitglied seit Nov 03, 2018   3 Posts
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.
Mitglied seit Nov 08, 2018   1 Posts
Nov 16, 2018 at 07:38
hi
Mitglied seit Sep 28, 2015   5 Posts
Nov 16, 2018 at 07:38
30-40 pips a day is about normal I think !
Mitglied seit Dec 28, 2013   171 Posts
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?
Mitglied seit Oct 29, 2017   10 Posts
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.
Mitglied seit Sep 12, 2015   1948 Posts
Nov 17, 2018 at 13:59
20-30 pips a day is about normal for eur/usd, although I don't set limits on the amount of pips I make, some trades are 200 pips over a few days, I do control my stops though with most 10-15 pips or less, sometimes I move my stops up to take 50% or 75% all depends on chart pattern ,everyone has their own setup and it takes experience to run a trade to its max ,sometimes you will get it perfect, sometimes you wont.
"They mistook leverage with genius".
Mitglied seit Nov 22, 2018   11 Posts
Nov 22, 2018 at 11:27
Some days I make 0pips other days -50 pips and some days +50 pips . Measuring daily results is a false target. Will lead to over trading and disappointment
Mitglied seit Jan 05, 2016   1189 Posts
Nov 23, 2018 at 09:27
In my opinion, the highest priority for any investor is to always protect the investment capital FIRST, everything else is secondary to this.

The market will let you know when to enter, how much your trades are worth, and when to get out.

Don't worry about how many PIPS you are going to get each day.





If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mitglied seit Nov 29, 2018   8 Posts
Nov 29, 2018 at 13:55
pips is meaningless anyway. 1 pip move on USDCHF is s smaller percentage move compared to say 1pip on EURJPY. And profit is also dependent on Lot size. Pro traders don't even talk in pips but percent or $$$
Mitglied seit Sep 12, 2015   1948 Posts
Nov 29, 2018 at 17:12
I worked on the professional side and pips were used for Forex but you knew what they were trading, percentages for the index and stocks ,percentages instead of cash values and R values for portfolios.
"They mistook leverage with genius".
Mitglied seit Dec 26, 2014   1 Posts
Nov 30, 2018 at 10:50
It totally depends on the trader, the style, and his goals. A person who trades long term trends may have losses for 5 days in a row then hit a big trend. Trying to squeeze out a certain amount of pips per day is not the best way to go about it. Get an edge and trade it regardless of the results.
I'm not special. If I don't work hard, I'll blow out my account.
Mitglied seit Jul 04, 2016   1 Posts
Nov 30, 2018 at 10:54
Professional4X posted:
In my opinion, the highest priority for any investor is to always protect the investment capital FIRST, everything else is secondary to this.

The market will let you know when to enter, how much your trades are worth, and when to get out.

Don't worry about how many PIPS you are going to get each day.





you deffo right mate
Mitglied seit Sep 28, 2015   5 Posts
Nov 30, 2018 at 11:02
pips work for comparing trading systems... profit per pair varies
Mitglied seit Jul 14, 2018   2 Posts
Dec 02, 2018 at 09:01
My average is ~90 pips per day (position trading).

Mitglied seit Mar 10, 2018   12 Posts
Dec 16, 2018 at 09:47
10 pips a day everyday can make you very wealthy if you have a 10000 account and can trade 10 lots 10 pips a day is 1000 dollars 20000 a month thats all you need and when reach 20000 ore 30000 you can do 20-30 lots yes you can do the math the trick is too not have loosing days and make the 10 pips a day should also have 10 pips a day stoploss so when down 10 pips quit i am scaling for 1-3 pips a trade and make 20-30 pips a day but also have some loosing days not many but some and i stop at 20 pips loss i trade one standard lot and make usually 2-300 a day and loose 200 3-4 days a month so i have a nice little profit of 3-5000 a month
Stay real
Mitglied seit Dec 28, 2013   171 Posts
Jan 18, 2019 at 12:32
As a rule of thumb my goal is to establish a trading system, whose monthly percentage gain is between 15% and 25%, daily ~1 %. Today I got 14 pips after 5 hr sitting in front of my laptop. I don't know if this is possible consistently, but we'll see. For each $50 I increase lot size by 0.01 lots. It seems that there are going to be days when the daily pips are in red but profits are in solid green.
I guess this will be providing an emotional roller coaster for me for a couple of coming years. I have a very small account. By the way I threw all the nonsense of trading longer time frames out of the window.

Generally, I try to risk only 2% on average.

I am using a stop loss of 20 pips as a backstop, and the average win is around 10 pips. My average win percentage over 400 trades is 60%.

Does this make any sense? If not, please clarify why.
Mitglied seit Sep 12, 2015   1948 Posts
Jan 19, 2019 at 17:04
Well that seems reasonable if only I knew what pair you were trading ,if your trading one certain pair maybe it would be of benefit to see what are the maximum times for trading it instead of sitting for 5 hrs ,its actually better to start with a small account because you'll be more careful with each trade ,however 2% is a bit on the high side ,if your using 20 pip stop you should have at least a 20 pip win or above.
"They mistook leverage with genius".
Mitglied seit Jan 23, 2018   43 Posts
Jan 20, 2019 at 07:51
niceGLer posted:
As a rule of thumb my goal is to establish a trading system, whose monthly percentage gain is between 15% and 25%, daily ~1 %. Today I got 14 pips after 5 hr sitting in front of my laptop. I don't know if this is possible consistently, but we'll see. For each $50 I increase lot size by 0.01 lots. It seems that there are going to be days when the daily pips are in red but profits are in solid green.
I guess this will be providing an emotional roller coaster for me for a couple of coming years. I have a very small account. By the way I threw all the nonsense of trading longer time frames out of the window.

Generally, I try to risk only 2% on average.

I am using a stop loss of 20 pips as a backstop, and the average win is around 10 pips. My average win percentage over 400 trades is 60%.

Does this make any sense? If not, please clarify why.

I will explain to you mathematically. You will burn your account over time.

Example: 1000 trades in a swap free and commission free account.
60% winning is 600 trades x 10pips = 6000 pips.
40% losing is 400 trades x 20pips = 8000 pips

you lose 2000pips. with lot size of 0.01. you lose $200.00. Regardless of how much money you have in your account, you will still burn it. it's just a matter of time.

However, 60% win rate with 20pips. 40% lose rate with 10pips. compound that, you will be a successful trader. Good luck.
I try not to burn my account
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