10 pips a trade System

yuv

Moderator
This is a simple system. Using this in a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade.

10 pips scalping strategy is effective when you can follow the rules properly.

The pictured example is a fifteen minute chart.
When the rules are followed I experience about a 75% win rate, with very low risk.

10 pips scalping strategy was backtested 500 trades, strategy tested 250, and demo traded 100 trades.

STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY

INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color

BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band

BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Target is middle Bollinger band

RISK
Varies on timeframe... good to start with about a 10 pip risk on a 15 minute chart, and risk goes up as timeframes go up.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.
SRSI.JPG
 
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yuriiraq

New Member
[font=Tahoma, Verdana, Arial, sans-serif]شكرا لكم [/font]

[font=Tahoma, Verdana, Arial, sans-serif]أعتقد أنه جيد[/font]
 

swandes

New Member
yuv said:
This is a simple system. Using this in a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade.

The pictured example is a fifteen minute chart.
When the rules are followed I experience about a 75% win rate, with very low risk.

This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.

STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY

INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color

BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band

BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Target is middle Bollinger band

RISK
Varies on timeframe... good to start with about a 10 pip risk on a 15 minute chart, and risk goes up as timeframes go up.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.



nice strategy..will try it..thank you
 
Last edited by a moderator:

afakih

New Member
yuv said:
This is a simple system. Using this in a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade.

The pictured example is a fifteen minute chart.
When the rules are followed I experience about a 75% win rate, with very low risk.

This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.

STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY

INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color

BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band

BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Target is middle Bollinger band

RISK
Varies on timeframe... good to start with about a 10 pip risk on a 15 minute chart, and risk goes up as timeframes go up.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.
Could you please share the results of the backtest?
 
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Doherty James

New Member
As a trader, it’s vital to have a good method to working instead of worrying too much about the number of pips. And this is where I feel so good with FreshForex broker given they have thrilling setup from low spreads to high leverage and also lovely Rebate Program, it’s very much picture perfect.
 
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Manuel Ferrera

New Member
One of the most important forex strategy is to think with your mind not with your heart. Emotion can put you in danger in forex market. Another strategy is to pick up a broker which gives a lot facilities in the trading. I use Tpglobalfx for their low spreads, dynamic leverage and quick customer service. They provide tight spreads starts from 0.01 pips. Their maximum leverage is 1:500. They give me 24X5 customer service. So, in my trading career they play an important role.
 

Jonathan

New Member
You can make a lot of money from the Forex market. But you have to follow some basic rules. If you want to make money in a quick time, the Forex market will not for you. In the forex market, the main thing that a trader needs to have is patience. The more you wait, the more it is possible to make money. Quick trade can put you in loss. This is a long term investment. I am trading with Tpglobalfx from last 2 years. with the help of them I learned that there is no scope to be quick. patience is the main key factor to make profit from the forex market.
 
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