15 Pips Per Day Strategy

[paxtoyou]

Hello Everyone,

I've been working with a strategy that has been working for me for a little while now that has been getting me 15 pips consistently per day. I thought I would share it with you all and see if you'd like to try it as well. If you do try it, let me know what you think at apxsolutions@safe-mail.net.

Here's the strategy (I'm using right now):

It uses the 15 min. chart. on the EUR/USD. I can't speak if this strategy will work on any other currency pairs. But it has worked well enough for me with the EUR/USD that I really didn't need to trade any other currency pairs .

Here's the set-up:

1 min WMA
3 min SMA
MACD 2,6,5
Slow Stocastic 3,6

That's it. When both the MACD and Slow Stocastic are agreeing with each other in the same direction (and CLEARLY not just on the line.. if it's on the line, wait another 15 min. time frame) then its time to go long or go short. The 1 min WMA and the 3 min SMA are there to give you an indication of the general direction. But its really the MACD and the Slow Stocastic are the ones that need to agree with each other.

One last thing: This method ONLY WORKS from 1130 GMT to 1600 GMT.. or 7:30am Eastern Standard Time to 12pm Eastern Standard Time.

I hope it works as well for you as it has for me. Let me know how you like it. Thanks.

Take care,
~Steve

[paxtoyou]

I forgot one thing: You need to place your take profit @ 15 pips (obviously) and your stop loss will also be 15 pips.

Thanks,
~Steve

[petshopper]

Hi Paxtoyou,

Thank you for your posting. Several questions about your post?

1 min WMA
3 min SMA>

How can I attach a 3 min SMA to a 15 min. Chart?
What is 1 min WMA? Is it EMA?

Thank you for your reply in advance.

[paxtoyou]

Hello Petshopper,

A 1 min WMA is a 1 min Weighted Moving Average. It follows the movement of the prices much closer than a simple moving average. A 3 min SMA is the 3 min Simple Moving Average. I know its possible to do through .. they allow you to type in how many minutes you want the SMA to be. Not sure how other platforms work though.

Also, I did forget to add a very important detail to the strategy. You want to also add a MACD 8,26,9. So the two MACD's and the Slow Stocastic must ALL agree in the same direction before going long or short.

Hope this helps. If you have any more questions.. please feel free.

Take care,
~Steve

Originally Posted by petshopper

Hi Paxtoyou,

Thank you for your posting. Several questions about your post?

1 min WMA
3 min SMA>

How can I attach a 3 min SMA to a 15 min. Chart?
What is 1 min WMA? Is it EMA?

Thank you for your reply in advance.

[paxtoyou]

Opps, it should have said '..I know its possible to do through ..'.

Sorry about that rather forgetful tonight.. its late.. lol .

Take care,
~Steve

[paxtoyou]

Ok, its not printing is for whatever reason.. but the broker that begins with 'Oand*'.. lol.

~Steve

[paxtoyou]

I've made an improvement to that last MACD.. try using MACD 10,11,9 instead. Seems to be a little more accurate.

Take care,
~Steve

[paxtoyou]

One last thing: This is just as a safety net. It might not be a bad idea to shoot for 13.5 pips for your take profit and stop loss. The reason for this is that it usually makes 15 pips.. but there are few times it JUST makes it. So rather than being stopped out.. just knock down the the numbers a bit.

Thanks,
~Steve