Ea review 100 pips a day

glosbe Active MemberCredit Hunter Hi:

This is the latest strategy released (June 2010) by Karl Dittmann - 100 PIPS DAILY SET& FORGET Strategy is very simple and I would like to know if Funyoo can make EA out of this strategy. I think you've already have similar EA here. Perhaps, you can do a little modification from existing similar EA or creating from scratch, either way, I would very much appreciate it. Basic strategy rules mentioned below. All the bells and Whistles can be added. i.e. step trailing, moneymanagement for the lot size allocation, etc. Also, if we can add an option of xx number of trade to open, we do not have to open all 6 pending orders. We can open 4 pending orders (2 longs and 2 shorts, etc.) - optional

Thanks,

//===================//================

Simple system is time based and can be used only once a day: Max Daily Profit Potential: 100 pips Trade Setup at: new day (00:00gmt? or different for different broker?, but setup at new day starts)

1. Find Previous day's High and Low price (he suggest 6pm EST to 6pm EST as 1 day's high/low)
2. Set up 6 pending orders : 3 StopBuy orders and 3 StopSell orders
3. Set it and forget it.
4. by 6PM new day remove all un-triggered orders and set up new pending orders. Note: Do not trade (no setup) if 6pm to 6pm bar's high/low is > 150 pips JPY pair works best. (USDJPY). EUR/JPY or GBPJPY may need to adjust SL and TP - not sure the optimal setting for SL/TP

Set 3 BUY orders 7 pips above the high (high + 7 pips) Order 1 Entry: High +7pips Set take profit 15 pips and stop loss 25 pips Order 2 Entry: High +7pips Set take profit 35 pips and stop loss 25 pips Order 3 Entry: High +7pips Set take profit 50 pips and stop loss 25 pips

Set 3 SELL orders 7 pips below the low (low -7 pips) Order 1 Entry: Low -7pips Set take profit 15 pips and stop loss 25 pips Order 2 Entry: Low -7pips Set take profit 35 pips and stop loss 25 pips Order 3 Entry: Low -7pips Set take profit 50 pips and stop loss 25 pips

Example for Long Orders: USD/JPY High=90.50 Low=90.00 Order example 1 LONG=90.57 Take Profit=90.72 Stop loss=90.32 Order example 2 LONG=90.57 Take Profit=90.92 Stop loss=90.32 Order example 3 LONG=90.57 Take Profit=91.07 Stop loss=90.32

Example for Short Orders: High=90.50 Low=90.00 Order example 1 SHORT=89.93 Take Profit=89.78 Stop loss=90.18 Order example 2 SHORT=89.93 Take Profit=89.58 Stop loss=90.18 Order example 3 SHORT=89.93 Take Profit=89.43 Stop loss=90.18

The Max profit target = 100 pips. The other 3 scenarios are:

1. 2 orders profit targets are reached and the 3rd order is closed by the stop loss (25pips) +15 pips +35 pips -25 pips = +25 pips profit
2. 1 order profit target is reached and the 2nd and 3rd orders are closed by the stop loss (25pips) +15 pips -25 pips -25 pips = -35 pips
3. none of the orders profit targets are reached and all 3 trades are closed by the stop loss. -75 pips (happens very rarely!)

   Attached Files:

   Like x 1
4. > thank you very much my friend i have to FT next week
5. glosbe Active MemberCredit Hunter> thanks for sharing lets try!> i will test this ea . I hope 100 pips true> This is my review for this thread:

   please read my reply.
6. > Thank for sharing, maybe will useful for all member that like use ea

   I think this also need test first in demo account if want to use later in real account

   Agree x 1
7. > yes i will also test, thanks for the share
8. > WOW, this is the best in USDJPY!
9. > so is this a strategy you have to do manually or has it been modified to do it automatically now, cheers
   Useful x 1
10. glosbe Active MemberCredit Hunter

    This is the latest strategy released (June 2010) by Karl Dittmann - 100 PIPS DAILY SET& FORGET
11. > Thanks for sharing i will test.
12. Creative x 1
13. > Thanks for the share, will test.
14. BUBBY MemberCredit Hunter

    Sorry for my "intrusion"... DON'T trust too much that guy, Karl D. - "the maltese" !!! ...he's filling up the Market - from many years - with garbage [different softwares & other small useful programs...]. He's NOT! even a trader, but a marketer and tries to sell "his thrash" trough ClickBank & ClickSell using dozens of blogs, promo links & banners everywhere on the internet. I considered ...You, guys, have the right to know these things!

P.S.: Hey, glosbe, please, DON'T be offended of my words, buddy !!!... i won't "destroy" your thread. One more thing: actually, this EA is pretty good, but needs a large Account or trading small lots ....aaaand much patience! All the best!!!

16. > please share the updated ea

Share This Page

Is it possible to have 100 pips a day?

Sometimes even the most thorough market research can't entirely predict what will happen at the market. Which means that there are going to be days when 100 pips can't be achieved in one day. Take a pause and come back the next day: the market isn't going anywhere.

How much can I make from 100 pips?

For the U..S dollar, when it comes to pip value, 100 pips equals 1 cent, and 10,000 pips equals $1. An exception to this rule is the Japanese yen. The yen's value is so low that each pip is not worth a ten-thousandth of a unit but, rather, each pip is 1% of a yen.

How many pips per day is good?

The Stop Loss (15-20 pips) to Take Profit (30-40 pips) ratio is 1 to 2. The traders need to weigh this against the available equity and risk-management in use. Making a conclusion, we can say that 30-pips-a-day is an interesting and aggressive strategy to make good profit with each trade.

Is 10 pips a day profitable?

Going for 10 pips is a basis on which you can start collecting small gains and confidence. But, in my opinion, going strictly for 10 pips every time is not going to get you very far. Ending up with AVERAGE gains of 10 pips per trade is great, but that implies some of your trades are going to be worth more, some less.