Largest average PIP profit target for long trades?

fxftw

เป็นสมาชิกตั้งแต่ Jan 25, 2017 12 โพสต์

Jan 26, 2017 at 08:38 (แก้ไขแล้ว Jan 25, 2017 at 16:50)

เป็นสมาชิกตั้งแต่ Jan 25, 2017 12 โพสต์

I'm going to try switching up my strategy, which has largely been volatility-based with market orders and required eyes on the screen all day, to something more along the lines of set-it-and-forget-it and limit order based (which I might be able to automate down the road.)

What is the largest PIP profit that I might want to target on my positions for the week-month long timeframe for balancing opportunity : risk?

snapdragon1970

เป็นสมาชิกตั้งแต่ Sep 12, 2015 1933 โพสต์

Jan 26, 2017 at 14:24

เป็นสมาชิกตั้งแต่ Sep 12, 2015 1933 โพสต์

Set it and forget it is more suited to Stocks than FX, for trading FX you only really need to trade at certain times of the day, open ,crossovers , major news events, you can set alerts to your phone for levels, you can work out what possible pip target to set by looking at past data, not that its any indication of what's going to happen in the future:)

"They mistook leverage with genius".

mohdforex

เป็นสมาชิกตั้งแต่ Oct 26, 2010 23 โพสต์

Jan 29, 2017 at 05:28

เป็นสมาชิกตั้งแต่ Oct 26, 2010 23 โพสต์

I use set and forget style with limit orders set daily. I prefer scalping target of 15 pips and target mostly at EU pairs. Have been very successful for me with daily profits...😎

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