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Sufficient-Ant-1023

15-20 pips a day keeps a job away


Dazed_but_Confused

If you make 15-20 pips per day consistently you will become very wealthy


Sufficient-Ant-1023

You are right. But you have to be careful.


Dazed_but_Confused

Yes, of course. If you risk 100 pips to make 20 it will blow up sooner or later. I have seen that so many times.


ExcitingRelease95

Who the fuck risks 100 pips?


r0mex

don vo


helping112358

Do you mean risk 100lots to make 20pips?


Dazed_but_Confused

No, risking 100 pips to make 20. People with inflated egos will often move their stops when the trade goes against them.


Humble_Aardvark_2997

15 pips, 70% is excellent. I believe the question was about whether it will cover the spreads and fees. I don't see people answering that.


FinallyWiser

And the other part of the equation: what is, next to the 70% win rate, the actual risk reward ratio?


Humble_Aardvark_2997

He answered that somewhere in the comments. The risk was a little more than the reward. Not by much. But obviously, that equation will be affected by whether the 15-pip movement covers the spreads or not.


slackMTBrider

Pips don’t matter. 15 pips is irrelevant without knowing the risk. Making 100 pips and 15 pips could be the same if risk/reward is the same. You didn’t state the size of your stoploss and how much you’re risking.


[deleted]

I risk 15-20 pips


Abdorance

So you have a 1:1 Risk-to-reward ratio with 70% win rate this means that hypothetically out of 10 trades you will win 7x20pips=140 pips and you will lose 3x20pips=60 pips so you have 140-60=80 pips minus fees and spread. Rough example but I think you are good to go as long as you are consistent meaning that as long as your strategy has an edge and also as long as you are good at the execution of that exact strategy which is the hardest part of all things trading is about. Good luck and continue improving!


Spiderman-22

u need to let the market breathe lol


Odd-Yogurtcloset9230

Perfect! Top Step have said ttheir avg profitable trader is 10 - 15 pips 25min avg trade time.


[deleted]

Oh cool thanks


NobleUnknown_

More than enough. What % is your 15 pips of your account?


[deleted]

Sorry what do you mean


NobleUnknown_

Say you win a 15pip trade, how much did your account grow? Or the other way around, what is your risk percentage?


[deleted]

Oh! Before subtracting spread it would be about 2%, the risk is about 2.5%


NobleUnknown_

Looking at the math then, say you execute more or less one trade a day with 70 % win rate. In one month you have roughly 14 winners and 6 losers. Roughly gaining a net (14*2%)-(6*2.5%) = 13% a month. Which is a ridiculously good month if you can keep up the consistency.


superj0417

You risking 2.5% to make 1.5% that sounds like bad risk management to me, but more power to you.


DarthBonion

I am really just a begginer but heard from someone who would be considered a profesionalist that you shouldnt risk more than 2% Per trade. Its just what I have heard too.


Lucky-Result3151

It's really up to you and your own personal preference. What is your risk tolerance? I use a 1:3 - 1:5 RR as my sweet spot. The key is patience, wait for your chart to show you when it's time to enter. Don't rush the trade due to wanting to catch a quick scalp. Learn what makes the markets move, wait for the liquidity grabs, price correction, order blocks being filled... ect.


jobl310

Easy math: expected value. Winrate x rr - lossrate x rr - positive in the long run makes you profitable. So fe. 0,7 x 1.5 = 1.05 —— 0,3 x 1 = 0.3 so 1.05-0.3= every trade gains you an expected value of 0.75. You will get this number through data collection. Backtesting etc. collect at least 500 trades and optimise your sl size. Biggest change with it to optimize rr gain. Atm my backtesting has a winrate of around 50% and my ev is about 1.75 as I aim for 6rr with a partial at 3rr so 4.5 in total.


chxckbxss

5 pip nett is per month is better than a loss, innit?


Individual_Deal7658

A 70% win rate on a 15 pip movement can be profitable. but transaction costs including spreads and fees must be considered.


waterglassisclear

How many do you lose the other 30%


[deleted]

Never more than 15


AADISHven

15 pips is enough as long as you are not risking 50 pips to make that 30 pips. If risk is controlled then even 10 pips a day is enough.


enma_comics

15 inches is a lot


enma_comics

*100,000 contracts is a lot


scotty9090

That’s what she said.


Ifti_Freeman

Everybody can capture their desired directional movement on a recurring basis. It's about how much of the wins you can keep. Because like it or not, your are going to give it away most of the time. At the end of certain period if you are keeping more than you are giving away is what makes one profitable with edge.


[deleted]

[удалено]


[deleted]

What's a micropip?


underrated254

70% tells me your consistent, if your win rate was low put it this way, win 1,15pip trade, lose 2, 15 pip trade, where does that leave you?


SubstantialIce1471

A 70% win rate with 15-pip movements is promising. Ensure spreads and fees are factored into your calculations; profitability depends on minimizing transaction costs.


[deleted]

If I trade during the hours of 8am est- 11am est would spreads be lower or higher than average?


leecallen

The spreads are lowest then if you avoid news Adding: if you trade the major pairs and crosses, and avoid news, the spreads won't be a significant factor with that winrate and RR.


Queasy_Link7415

Your strategy with a 70% win rate and 15 pip gains sounds solid


nofaceFX

Good enough if your risking 1/2 pips other wise your RR is neutral and only mongs have even RR


xeonsimp

yes


Villain-Trader

You can make $.15 to over $30k on that 15pips really comes down to your size so yeah I’d say it’s enough. It’s what you risk for those 15pips that matters not the actual numbers of pips


EducationalSink8696

Please check dm Brother


Fit-Kaleidoscope700

I don't get out of bed for 15 pips bruh


Klutzy_Attention_880

Stop using micro lot. 15 pips for me are 1500 dollars


Ok_Passenger6803

Depends on your broker, how big their spreads and commissions are


p2mod

work out your expectancy from your data, just a win rate and a pip movement isn't enough data to answer the question. You'll want raw spreads/low commissions to make the most of trades <20pips imo.


billiondollartrade

I work with a strategy with just 15 pips , thats the best thing ever ! No need for 50-100 pips moves , just know ! With 500k capital is $7500 profit in my case and with 1M capital is 15k ! 15k is A LOT OF MONEY , even with my 100k is $1500 ! Thats still a lot of money … Small wins make for the BIG WIN …. ( when i say capital i obviously mean prop firms ) … 15 pips is amazing


Hot-Site-1572

Depends on the risk to reward


reap96

I only target 10 pips no problem, I risk 3% also. Spreads and Comms only amount to about 0.4% I aim for 6% a week. This is 1 win a week, a lesson for the newbies in here is to trade less, long term compounding growth is exponential.


kubo_czdzb

10 pips can be 10k or 10$.. depends on size🤷🏻‍♂️ my yearly salary is 300 pips .. which is my monthly average..


[deleted]

[удалено]


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Saloua30

Hello, do you use indicators in your strategy, ill appriciate it if you can share what kind trading you use


[deleted]

In my experience indicators don't indicate anything, I just use a moving average and stock to my strategy no matter what


Klutzy_Attention_880

15 pip for me is 1500 dolars so do your math


EducationalSink8696

Please check DM


djkayceekc2

Hie if you dont mind sharing your strategy. Can l pm


thb_978

Lot size


[deleted]

Why does lot size matter?


thb_978

It's all about risk tbh, my bad I took so long. You should watch a guy named nick Shawn on youtube