Nov 09 2018 at 10:47
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
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
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
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?
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.
Nov 15 2018 at 10:47
300 pips a day consistently is a crazily good amount!
Nov 15 2018 at 11:22
jamesgwyther posted:I think he's saying 300 pips per month (not per day)
300 pips a day consistently is a crazily good amount!
Nov 16 2018 at 07:38
hi
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?
'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.
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?
