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
Nov 16 2018 at 07:38
30-40 pips a day is about normal I think !
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?
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.
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?
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".
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
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.
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.
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 $$$
Nov 29 2018 at 14:48
Paquito posted:
pips is meaningless anyway. 1 pip move on USDCHF is s smaller percentage move compared to say 1pip on EURJPY. And profit is also dependent on Lot size. Pro traders don't even talk in pips but percent or $$$
MOst Pro Traders I know talk in percentages. Rarely in monetary value.
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".
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.
Nov 30 2018 at 10:54
Professional4X posted:you deffo right mate
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.
Nov 30 2018 at 11:02
pips work for comparing trading systems... profit per pair varies
Dec 02 2018 at 09:01
My average is ~90 pips per day (position trading).
