Daily Consitent Pips

[srini]

The Reason i started this thread is to request all the members to contribute few strategies thru which we can make consistent pips

 

Strategy 1:

15-30 pips daily

 

From my end i found a very good strategy at the following link

1) http://ultimaforex.com/tag/daily-30-pips/

and been trading this strategy for quite sometime and found this strategy very useful (for consitent 15-30 pips daily) as per the system criteria daily

 

Strategy 2:

10 pips Daily

 

2) Daily whenever there is news release exactly at on M1 Timeframe I compare 8:31(EST) candle with 8:32 (EST)candle

 

if 8:31 candle > 8:32 candle I go long on EURUSD on the next immediate candle open

else

I go short on EURUSD on the next immediate candle open

 

if both the candles are equal i will compare 8:38 candle with 8:43 candle and repeat the same

 

in either of the above cases my tp is always 10 pips........

 

NOTE : NO STOPLOSS....I leave it as is.....90 percent of the time target is hit in the first one and half hour after US open and the rest 10% times it may take either one and half days or one and half week (only 2% times) and (<1% time) One and half month(infact it happened only once in my entire 2 years so far.....

 

This particular piece of strategy is been taken from tom strignano's forex confidnate system . Its just a collection/discovery from an existing system.

 

 

Strategy 3:

10 pips Daily

 

Exactly at 2pmEST daily i look at dowjones and trade EUR/USD pair

 

if dowjones is trading in red i go long on EUR/USD for a 10 pip profit..

 

else

 

I go short on EUR/USD for a 10 pip profit

 

similar to strategy# 2 the winning rate is more than 95% daily only 5% times it took a while as i said one and half week to one and one month time(not sure what is the logic or importance of one and half period time cycle for the trade to get closed) for the trade to get closed in my 2 years trading experience with this strategy. Perhaps since i am trading this strategy without a SL.....so probably it may be talking a while to close after all pullbacks/retracements etc.......

 

Any suggestions/advice to enforce a SL is pretty much is welcomed in the interest of the group as trading with a SL is considered as SUICIDAL.....

 

so, on an average all the above strategies put together one can make approx. 35-50 pips on a regular basis..to make our living.

 

Thatz it !!!my friends a small little contribution from my end for being part of such a wonderful forum to share with. you all.Also, request people to share few more and take this thread forward by augmenting few more strategies for earning consistent pips daily and help each other.

 

Thanks!!!!

[srini]

Could someone help/advise to improve these strategies my enforcing the stoploss to make it more effective and complete