50 pips a day forex strategy pdf download

and 4 trades would have been winners and 2 would be losers.Which means if trades were executed following the rules above, there would have been a total 6 trades (excluding the day that is now currently running).IРІР‚в„ўve just analysed the the most recent 6 days that have passed.If your profit target of 50 pips is hit during that day, then the repeat the same process every day at 7am GMT.Р”Р„N EXAMPLE OF HOW SIMPLE THIS FOREX TRADING SYSTEM IS.Leave the trade to run and donРІР‚в„ўt do anything like moving stop loss to breakeven or taking partial profits off.Set your take profit target at 50 pips.Sometimes, you will see that If 7am Gmt candlestick length is too short and if placing stop loss of 5 pips above high/low is too close to the price action, so to avoid getting stopped out prematurely, simply increase your stop loss distance a little bit further to around to maybe 15 pips. Place you stop loss anywhere from 5-10 pips pips above the high/low of the 7am GMT candlestick after it closes(or has formed).When price activates a pending order on one side, you have to cancel the other that has not been activated.Then a buy stop order 2 pips above the high of the candlestick and similarly also place a sell stop order 2 pips below the low of the candlestick.Wait for the 1 hr 7am GMT candlestick to close.HERE ARE THE TRADING RULES OF 50 PIPS A DAY FOREX TRADING SYSTEM: You need to check with your forex broker to know what time you are seeing on your charts matches the 7am GMT. In order to do that, you have to place your trade at the close of the 7am GMT candlestick ( 1hr candlestick). So what this strategy is all about is trying to capture the move early on during the day before the dayРІР‚в„ўs move happens. We know that these two currency pairs move 100-150 pips or more in any given day. This is a forex trading strategy that you can use on the EURUSD and GBPUSD currency pairs. Disclaimer: I have not tested this 50 pips a day forex trading strategy apart form just a quick back tested results shown below but tell you what? It does really look promising.

50 pips a day forex strategy pdf download