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How many pips a day ?

LongVision
Feb 25 2019 at 13:49
254 poster
I use volatility based ATR stop loss instead of fixed pips.my take profit pips also based on ATR. For example for EURUSD my STOPLOSS pips are from 40pips to 100pips based on current volatility.

The market will trade through it’s path of least resistance .
AharonGorion
Feb 25 2019 at 13:49
7 poster
OK but what is typical amount of pips profit that a pro trader will make? 10pip , 100pip ? It would be good to know how far from making money I am

jamesgwyther
Feb 26 2019 at 07:02
289 poster
AharonGorion posted:
OK but what is typical amount of pips profit that a pro trader will make? 10pip , 100pip ? It would be good to know how far from making money I am


They don't work in pips they work in percentage of account.

elikplim
Feb 26 2019 at 13:09
4 poster
They all trade in different time frames and each of them have set their limit in taking profits for a day.. so ask yourself how many pips do u think u can get daily...that should be yours..

snapdragon1970 (snapdragon1970)
Feb 26 2019 at 22:28
1944 poster
AharonGorion posted:
OK but what is typical amount of pips profit that a pro trader will make? 10pip , 100pip ? It would be good to know how far from making money I am

Typically 3 times your stop loss ,longer time frames bigger gains.Eur/usd it's around 30-50 pips daily.

"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Feb 26 2019 at 22:44
1944 poster
niceGLer posted:
snapdragon1970 posted:
If your going to be cashing in everytime you hit 10 pips ,your stop is going to be 3 pips which is way to little ,if its 5 pips stop 1 in 2 trades has to win to break even ,thats without fees ,typical stop for EUR/USD is at least 20-30 pips intra- day.Other pairs are different so do your homework before deciding.


I agree with this. Some sources recommend for scalping 7-8 pips stop loss, but I think stop loss should be more than 10. I agree with 20-30, while 30 is a bit excessive. But in order to prevent a catastrophic flash crash 30 pips is more than Ok in daily trading.


Regarding Scalping one needs to keep it as tight as possible but that takes experience ,it would be less and less ,if you catch the right moment it can be 5 pips stop.Scalping is a great skill to learn and great fun.

"They mistook leverage with genius".
REB_FX (REB_FX)
Feb 28 2019 at 06:54
36 poster
jamesgwyther posted:
AharonGorion posted:
OK but what is typical amount of pips profit that a pro trader will make? 10pip , 100pip ? It would be good to know how far from making money I am


They don't work in pips they work in percentage of account.


You can make the same amount of money from 10 pips as you would 100 pips depending on your lot size, which should be determined by your account size with proper risk management.

Profit is therefore calculated as a percentage, what that represents to each trader will be different in monetary value due to different account sizes.


rubbermanzz
Feb 28 2019 at 15:28
7 poster
my target is 1% per day, my risk is up to 50% of my current equity.

for lot-ing, i usually use 200-1000 pips resistance; meaning it takes 200-1000 pips movement to reach stop out/margin call.

if i get more than 1% on that day, then i take that as a bonus.

Mcross
Mar 03 2019 at 06:34
10 poster
50% per day. WOW. you won't last long buddy. That is crazy risk for 1% gain. You should reverse those numbers, 1% risk per day and aim for 50% in a year.

HumbertB
Mar 03 2019 at 06:40
8 poster
1000pip stop loss is crazy. You will surely loss big time one day. That is no trading strategy it is just gambling

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