15 Pips Per Day Strategy

[paxtoyou]

Just to make it even more accurate do the following:

I've noticed instead of using the MACD 10,11,9 wasn't as accurate as using a MACD 7,9,2. So if you want try either one and see what fits your needs. The MACD 7,9,2 is pretty small.. lol. But it works.

Another change I would highly recommend making your take profit to 13.5 pips and your stop loss to 25 pips. The reason for the bigger stop loss is because only once in the last 7-8 trades would you have been stopped out. So just to avoid that one bad trade, try using a 25 pip stop loss and you shouldn't have any problems.

Enjoy!..
~Steve

[paxtoyou]

Here's an improved verison of my trading strategy:

I've decided to shoot for 13 pips instead of the original 15 pips. The reason being with 50-1 leverage I can get an even 5% per day and be done. The other thing is that in the past 6 days there were 9 trades available. 1 of them was a loss. So I figured if I scale it down a bit.. why not make them all winners! .

Here's the improved method on the 15 min EUR/USD chart:

1 WMA
3 SMA
MACD 2,6,5
SLow Stocastic 3,6
MACD 7,9,2 (very tiny!.. but works.. lol)

Target: 13 pips per trade during 7:30am - 11:30am EST (11:30am GMT - 3:30pm GMT)

Here's the last 9 trades that have transpired from June 8th - June 13th:

20 pips
16 pips (this was the only loss using the 15 pips strategy)
31 pips
22 pips
19 pips
23 pips
35 pips
35 pips
17 pips

It averages out to be around 24 pips per trade. I also lessened the trading time be a half an hour as you can see. As it gets closer to 12pm (EST), the volume of trading seems to die down quite a bit.

At any rate, there it is.. let me know how you like it!..

Take care,
~Steve

[paxtoyou]

Ok, here's a just as accurate (using this method anyhow) MACD as the 7,9,2 but this one you can actually see.. lol.

Try using MACD 5,6,5 instead.

Sorry guys, I didn't find this one until now. I've back tested this one with the 7,9,2 and it works the same but its much larger so you can see if its above or below the line.

Happy Trading!..
~Steve

[feb2865]

Very interesting Steve

Thanks for sharing your strategy I've been testing something similar using pivot points. I shoot for 10 pips or more. Really works

I have traded using indicators in the past but I got a little hesitant to use them back againg because they gave me many false signals.

I am definitely interested in your results I think your strategy is simple and straigthfoward.Most importantly, makes you money

If for some reason you get interested on how I trade using PV let me know maybe could be an addition to your strategy, who knows.

I suggest you to place this strategy on strategybuilderfx.com

Keep the good work!!!!

cheers

Raul

[paxtoyou]

Hello Raul,

Thanks for the compliments on my method. Well, if you do try it.. definitely try the last one I've posted. Works very well thus far from 7:30am to 11:30am EST. I would even add that the MACD works even better at 4,6,5 for the last one listed. Hope it works for you too . My method is always in works in trying to make it more accurate. But I think if I shoot for 10-13 pips each time it seems to work the best.

Sure, I always open to new trading idea and would love to hear how you make 10+ pips using PV points. You can never learn too much when it comes to trading. Thanks for the suggestion also about placing my strategy on strategybuilderfx.com.

Looking forward towards hearing from you..

Take care,
Steve

[paxtoyou]

By the way, I agree very much with keeping the methods simple . If I can't understand it.. how would I expect someone else to (especially if they're just starting out.. hehe).

But that's just my take on it ..

Take care,
Steve

[paxtoyou]

One last thing too, Raul. Your right about the false signals that indicators can give you. I had to work on this a bit and what I found is to use tight indicators, use three different indicators to agree with each other and only trading within a certain time frame.. in this case 7:30am to 11:30 EST. I won't trade this method any other time.

Thus far it seems to be working ok. Hopefully that will continue.. lol. Looking forward towards hearing your PV point strategy.

Thanks,
~Steve

[feb2865]

Originally Posted by paxtoyou

One last thing too, Raul. Your right about the false signals that indicators can give you. I had to work on this a bit and what I found is to use tight indicators, use three different indicators to agree with each other and only trading within a certain time frame.. in this case 7:30am to 11:30 EST. I won't trade this method any other time.

Thus far it seems to be working ok. Hopefully that will continue.. lol. Looking forward towards hearing your PV point strategy.

Thanks,
~Steve

I agree with you on the time frame as is the london/newyork overlap

Some friends of mine wake up as 3:00 AM EST to trade the london market

Steve, are you trading this strategy in a live account??