The 50 Pip Per Day Strategy That Feels Like a Money Printer
HTML-код
- Опубликовано: 21 июл 2023
- I know a lot of people learning have day jobs or may not have enough time to trade. So this simple forex strategy gives you the best of both worlds. I found this 50 pip per day strategy to be useful to me in my trading career. I hope you can benefit from this trading strategy as well.
Here is where you can join my membership
launchpass.com/simple-forex-p...
Hanko Trade The Broker I use: bit.ly/33agGQ2
Join the discord: / discord
follow my Instagram simpleforex...
:) HOPE YOU GUYS ENJOY THIS VIDEO!
👉 If you enjoy this video, Please like and share it.
👉 Don't forget to subscribe to this channel and press the bell 🔔 for more updates.
⚠️DISCLAIMER:
Everyone learns at their own pace , nothing in forex is guaranteed and past profits do not guarantee future profits. I am in no way giving you financial advice and any money you lose is 100% at your own power. Enjoy the education!!
![DRAGON BALL: Sparking! ZERO - Master and Apprentice Trailer [BUDOKAI TENKAICHI Series]](http://i.ytimg.com/vi/wNf7A4rHczc/mqdefault.jpg)
I'm definitely not a fan of a strategy with a 1:4 risk to reward. But I'm definitely a fan of your channel my man. Appreciate your effort.
Yeah I backtested this 60 days and got 72% win rate w that RR very lucky to break even. I think w that rr you could get similar results randomly trading any candle.
I used to employ a strategy that had an 85% success rate over 200 tests, and it was profitable, but guess what; it was exactly this rr spread. and when I had several bad weeks in a row, plus I wasn't practicing 1% total risk on account, it was a lot higher than that, I had to either overleverage to get back to green, or reduce my exposure which would make recovery take much longer. I not longer trade that setup. The numbers are backwards, it's just unsafe, but I do like the simple setup and high success rate, would be nice to have those with a good rr.
4:1☠️
I think therefore you should arrange your stop loss accordingly so that after you have done the backtest, you are in profit
so for every one who is confused about am pm of time its here
Just simply
Look 6 candle of eg: wed ( forget am and pm ) or the day before when trading and then wait for 9 candle of thursday to close and do as 6 one says
buy or sell
ha?
Ive been a subscriber of yours and have watched all your videos. I'm very thankful that I came across your channel because I've developed a very effective strategy based on the macd indicator you've been mentioning in your videos. Thanks you.
Care to share?
What do you trade?
Hi anyways we can minimise the stoploss by adding any other indicator and also increase risk to reward ratios
So I am confused as you mention that its the 9pm candle but your actually highlighing at 1.32 sec the 9am candle?? Which is it??
What leverage do you think a beginner can use
Does this work on other currency pairs and gold?
Please how do I calculate 50 pips in us30 having a lot size of 1...if I opened at 3567.8 price to buy would 50 pips be 3617.8
That's a HORRIBLE Risk/ Reward Ratio..... those numbers will not work long term because losing 200 and only gaining 50 pips is a negative R/R 4 Risk/ 1 Reward. A person would need to go for minium 100 pips per trade and no more than 100 pip stop loss, which would be a 1:1 R/R.
Your statement isn't necessarily true. Usually having such a big stop can mean you have a higher success rate. Trading isn't black and white.
You still need to learn trading son
Ain’t not rules to this just profitable I suggest you go watch some more videos or read
Could anyone who made it to backtesting clarify at what time should we look at the candle of what time, in terms of how many hours ahead? Thank you.
Does the 6am and 9pm candles need to be the same colour
Simple forex you are Gods sent to me i have watched all the videos on simple forex strategy and in less than 7 months am trading floulessly like a master though am still struggling with phychology but the strategy works 95% according to me
95% 🤔? I think that is not possible using a reasonable or healty RR.
This guy clearly understand how this business works! Big thanks for your work
Where have you been, missed you dude. Keep up the good work to build the channel.
Ayy man Happy to see you back🎉. Just one thing missing, the black background which looked really cool 👍
Amazing Content like always thank you so much! I have a few questions to help me better understand this strategy. 1. What do i do on a Monday? Do i look at the 6pm on sunday to make my move on 9am monday.
2. Are we entering on the 9am or 9pm?
3. Are we looking at our entry based off of the 6am candle or the 6PM candle? I think knowing what we do on sunday and Monday plays a big part in understanding this strategy. IF YOU CAN MAKE ANOTHER VIDEO ON THIS STRATEGY CLEARING A FEW THINGS UP IT WOULD BE SUPER HELPFUL. THANKS ONCE AGIN ! 👍
Or you could just go back test it yourself like he gave you the recipe and you want the whole cookbook... 😢
He clearly states to look at the 6 AM EST candle (3 AM PST) and enter at the 9 PM EST candle (6 PM PST)... Which is a little strange because those are very low liquidity times for US30
Every broker is different for Mt4 times he also states that he Uses the Hankotrade GMT +3. I think he said and you also have to know what time US 30 trades with your broker like for me it opens at 1 am which is 5pm cst for me and then you have to map out the other times as stated in video based on your time zone and US 30 closes at 23:45 with Hugosway(my broker) for example hope that helps and just like with any strategy you have to make it work for you... figure out which way trend is going try to buy at the open of a candle or wait for it to wick on a higher time frame etc.
He says both am and pm at 9 so that's why its not clear. This video is a total mess.
@@JaniceTrades777 Correct he kept saying 6pm and the also said 6am. Although at beginning of the video he mentioned the NYS open so I assumed it's 6pm and 9am EST
I have just discovered your videos one week ago but I can stop watching them again and again. If you don't have ideas to make new videos, please make some like "In the trader's mind", backtesting and comenting your strategies, the are really valuable as we can understand better what we have to look for while trading. Thank you for your work and I wish you good trades!
is it the 9am or pm candle? You mentioned 9 pm candle but were on 9am candle on chart?
But wait a minute, this sets you up with a 4 to 1 risk to reward ratio, so that means if you experience 1 loss, you will need 4 wins to make it up. So the question is, when you take a loss and experience repeated losses and then have to scale DOWN your exposure, it will take even longer to get back to green, so... unless this is like a 90% win-rate, isn't it inverse on the risk/reward ratio according to the general rule of 1 to 2 risk to reward?
Which time frame are using for this strategy
Very good strategy but is this work with all currency pairs or just us30
Bro you are the best I have ever met you have change trading with all your strategy
can you use that strategy to other pair. thanks
Ok so if I'm understanding this correctly, you enter the trade at the open of the 10am candle (after 9am candle closed) and it would be buy or sell based on what colour the previous day 6am candle is, correct? And chart is set to new york time uct -4, correct?
that's correct from what I understand.
Why is it so hard for the creator of the video to respond to simple questions
You're gonna be the next billionaire in the room using this, lets f go! JK
I think because when he backtest it didn't add up in the beginning idk just backtest it an see
@@chrisdlc281 are you using 6am and 9am candle sticks of the same day or 6am has to be of the previous day, kinda confused bro plis come through
what price FGEN do you predict in the near future?
That's work in gold or any pair ???
I was wondering where i saw this strategy.
It was on the trading channel and it was on forex. He used i think 2 ATR for SL and RR of the 1.5
It's good to have you back, bro
what time we working on 6am till 9pm or 6am till 9am ? confused
Do you have to adjust the the time for DST?
Please what time zone are you using. I use UTC +1. Please what's the timezone you are using in this video
UTC-4 new york
Great to see u back
Awesome video!!! I back tested this strategy from July 3rd to current and unfortunately it's in the negative out of 52 trades 41 were winners and 11 were losses that left me with a -150.00. So first off I want to say that the strategy is awesome I'm not knocking it. I took the same trades but changed the risk to reward to 1 to 1 at a 100 pip take profit and 100 pip stop loss the results will surprise you. I will let you guys do the back testing but I was up 2100.00 making a 1.00 a pip
THIS COULD BE A WINNING STRATEGY IF TWEAKED .................
Instead of putting a stop loss, try putting a hedge going the opposite direction. Your strategy is good too, closing the gap a bit tighter from 200 pips down to 100 pips and taking bigger profit at 100 pips. I've just noticed that there are huge jumps in either direction and a hedge going the other direction you might win both trades.
How can you place a buy & sell at same time? Seen nick shaw do this but are hedges only applicable when not stop loss or take profit are used?
What were you trading?
Such a great strategy. I've automatized it for my channel and gave you credit. Thank you for sharing it!
I Just Backtested this from Nov 2022 to today (Aug 14th 2023) and no combination of SL and TP were profitable.....
I did too and broke even from Dec 22. However I still believe there's potential by looking at increasing the TP
@@viglenvigger1018 The strategy is good but to make it work I had to optimize it with new parameters.
If the two candles is green go the opposite way. If the first candle is red and the second candle is green, go on the second candle. Remember to set your tp to sl as 200/ 100
Maybe we can refine the entry using the smaller TF to raise the odds.
Would love to try this strategy, I can't change time zones and am in the UK any suggestions, using MT4
Doesn't Market close after hours at 8pm eastern?
I'm really confused
Can you confirm: 6 PM on a Monday then 9 AM on The following Tuesday? How long are you usually in the trades for, days?
@@chrisdlc281what time frame
I didn't understand! At the beginning it says to look at the 6pm candle from the previous day and you enter at the beginning of the 10am candle. all with NY time but then he says We see the 6am candle and enter at 10am?
Wow! Thanks man for being so giving... WOW!
hello friends i wnt to some information about this vedio which 6 oclock candle i was see previous day or today ???
Its good to see u back greetings from CHILE
The sl is way to big. I keep hitting it. Is that really what u use?
I've backtested this over the last 15 months (Jan '23 to Mar '24) and the most profitable SL is 260 and TP of 100. Depending on your trading amount, it's conservative, but profitable.
And if you're still confused about the am pm thing, it's 6am previous day (for the lookup candle) and trade at 10am current day (ie, when the 9am current day candle closes). Those are New York Times!
hey brother i am from india so what time should i use? for 9 and 6 o clock
On behalf of all your fans i humbly ask you to do us another vidio specifying about the exact time. we looking forward to it
I second that. I'm lost
I miss you… thank you so much for your videos you have changed my trading career
I miss you is wild 😂
@@williesquared 😁
i counted the candles guys and i think its clock in at 10 am est; to enter but use the previous days 6 am candle color for bias.
What is the pair your trading ?
Im sorry to be tee party breaker but i backtested the last year(2023) and started off really good until the loss-streaks came 1:0.25 RR is only good if u have a 80% winrate, it's More like 70% wich results in a loss overall.
However to complement your strategy a lot of them where against the trend hat about usin the 50 EMA alongside this?
When did the loss streak happened ? I am still backtesting the strategy for this year and I am soon finished
@@simplet1384 Maybe he meant 2022??
@@cavaridrodid0924 I will see, I will continue backtesting it
@@simplet1384 Around februari, where are u now currently?
@@simplet1384 Also i really want this to work so im automating this in MQL5 so insted of manual backtesting, i can backtest much further with simulation spreads and such. +-2Weeks tough it's busy ;)
I like your videos a lot. Looking forward for more such videos from you dear . Thank you .
May 31st - July 24: 32 wins 2 losses. I tweaked my entries to improve R:R. Take profit 55 pips from 9am candle close, entry limit order 15 pips below/above 9am candle close. My R:R is now 1:2.6 (0.37) at TP of 70 pips and SL of 185 pips. Also for large candle displacements, I take trade in trend direction for 55 pips only at 9am candle close.
Next to automate this on MT and see how it goes 😁😁😁
@@IkennaIloejeo Hey, how can i automate this? And could I do this with $50 on my portfolio? How much leverage would I need?
What do you mean large candles displacement? Are you talking about large candles?
@@OnedayOnestep91 Yes. Big candles that displace away from previous candle closing prices with momentum.
@@IkennaIloejeoWhat timeframe are u using for this method?
at the video 1.27 is that 9am or 9 pm ?
6pm in what time zone?
Well come back 🔥
Your “9 pm” candle is 0900 on your chart and then you go back to 0600 the day before. Not sure if you meant to do that but I can see this getting you a lot of questions
I think you'll find 9pm is 21:00
just back tested last 12 trades and 10 wins and 2 loss if you put 1 dollar per pip ($50 X 10 = $500 - 200X2 = $100 profit)
I understand that it works well most of time but still think 1 to 0.25 ratio is bit too risky if amount gets bigger.
any solutions for that bro?
mix it with quarter theory
My thoughts too. You need to win 4 trades in order to recover 1 loss.
@@immahmurunga5753not if you martingale
Maybe go down to a smaller chart like the 15 min and put SL on a peak. Maybe that will lessen the risk....
BETTER TWEAKED STRATEGY ......... HEAR THIS !!
So instead of a STOP LOSS, you can put a hedge going the opposite direction within 50 to 100 pips above whichever direction you're going. Looking back at the charts, during that 9AM window, it looks like there is always a pull back that goes back above (or below) where you took your trade. Your hedge will then eventually end up a WINNER and you can sell out of that for a profit as well.
Sorry bro . Is it now 9PM and 6AM like in the start of video or the 6Pm and 9AM at the time stamp 5:42???
Hi. Love the strategy. Thanks. But you mentioned 6:00am candle and trade at next day 9:00am. Is it 6:00am/ 9:00PM? As you said in the beginning?
@simpleforex. Please clarify this.
I’m confused about this also.
Doesn't market close After Hours at 8pm eastern?
You use the 6 AM (EST) candle close as the indicator, and you use the 9 pm (EST) candle close as the entry
@@franktabor3150 On Forex, the market never closes unless it's a major US Holiday
i have checked and try your strategy but as you show timezone of newyork is UTC 4 But now it shows UTC5 and when i checked 9 am next day candle is not similar or not as per your strategy its going . check once if you have correction on this
how will someone do the every single morning, if they are looking at the 9pm candle to enter the trade ? Did i miss something ? Please clarify.
Isn't the first one a 7am candle? And going back from 9pm est to 6 is 6pm. You said it's 6am. Thank you.
Day trading is where the pulse of the market truly comes alive! Every moment presents a new opportunity, and for those with the passion and precision, the rewards can be monumental. It's not just about quick trades, but about harnessing the power of the market in real-time. Dive in, seize the moment, and let every trade be a step towards achieving your financial dreams,I've personally benefited from following Maria Reyes trading tactics, amassing 13 bitcoins in a short four weeks period of day trading , which speaks volumes about his expertise in the market.
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
Mrs Reyes changed my life because of the high profits I got from investing with her.
You invest with Mrs Reyes too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
He meant 0900 on the day and 0600 the day before if you look at the time on the bottom of the chart when he's scrolling through. It's clearly an error. And it EST NY time
18/20 for June, I will try it!
Does it matter the pair ?
the king is back. nice o see you=)
Thanks so much ! So I would look back at 6 Am and then go to 9pm or look at 6pm then go to 9 am open?
Sir, is this also applies to forex pairs? Thanks!
I've automated this strategy, with a good optimization it could be applied to some Forex pairs.
Thank you Sir.@@FxAlgoTrading
hi, do you know about risk reward ratio? have heard about it?
Welcome back,I have missed you
All you need is the BB, MACD, RSI 6, and triple MA 12,26,100
Nice to see you, very long time. 👍👍
How many trade u can do per day using this method?
thank you boss!!!!!
Is it 6:pm-9am
6:00am -9:00pm
does it work for pairs too?
Please sometimes he say 9am some times he says 9pm. What time exactly is it. Can someone please tell me
Goat is back. Nice strategy!
Possible winner today - believe it hit the 50 PiPs target before going Bullish
WHAT IF you set up a copy account to offset the potential losses.. i'd follow
Question? One of the trades I think you did 6pm to 9 am the next day. And 6pm to 9 pm. So you trade at the end of the 9am or pm candle
I think he was getting his a.m. and his pm mixed up several times.
yh im unsure about that too
Okay I'm glad I'm not the only one
Yea so I watch the video on the PC and I was able to see what he was doing, which was 6 AM the day before to 9 AM the next day. So I back tested the strategy for the month of May which was 23 trading days got 4 losses and 19 wins. That turns out to be a profit of 150 if you do a 1 a pip. I don’t know maybe the month of May was a bad month for this strategy 🤷🏾♂️but profit is profit I guess
@@rahz2332 interesting. thanks. i was hoping i could do it at 9pm for real because i work 9am to 5pm
confused - look at 6am for candle color and then execute at 9 pm ? you said execute at 9am several times in the vide0 so 6 am candle Monday for Tuesday night 21:00 Buy or sell
You look at the 9pm closing candle day before? And the 6am
Closing candle?
how to trade us30usd and on which platform
50 pip TP and 200 pip SL (negative RR).
80% win rate required just to breakeven.
Use the 6 AM candle as an indicator.
No other analysis whatsoever.
This strategy sounds like a money printer for the broker.
@chrisdlc281 Congratulations. That's just as impressive as winning Russian Roulette 5 times in a row and continuing to play.
@@MartialChartsFX I get your point, I've automated this strategy to run a backtest on my channel, and the results with those parameters were not the best. However, the strategy worked for me with other parameters.
@@FxAlgoTrading your channel is in spanish boss, any way to make an english video where you used other parameters. Watching your video was interesting but i didn't understand anything :)
@@damnsmiley1 Yeah it is in Spanish, all you need to know about the EA is that you need to optimize per day and use the optimization ranges I used, other than that, no need to understand what I say, I hope it helps.
@@FxAlgoTrading thanks buddy! Let me go test it out. Appreciate!
Hey since from 6 months I am following this strategy and yes it's profitable but now there is some changes in NY session time so should we need to change timing in this strategy please help me to understand this concept
How much did you start with and how much did you make? And what are you trading?
Is this good for all assets?
Long time no see
Welcome back
Videos are Awesome!
Thank you🌺
One time You go from 6 am to 9 pm. Then from 6 a.m. to 9 a.m. next day ? Explain please
"He said, 'Look at the candle that closed at 6pm (UTC -4) and determine if it's green or red. If the 6pm (UTC-4) candle is green or red, wait until the 9pm (UTC -4) candle closes and enter a buy position (long position) or a sell position (short position). Set a stop loss at 200 and a take profit at 50. Then, wait until it hits the take profit. However, I've read that this has an RR (Risk-Reward Ratio) of 0.25, which is pretty low. I don't know if this information helps, but I tried. The reason I keep mentioning (UTC -4) is that it aligns with the stock market."
Will this work for Forex and Gold as well, please?
which trading books do you read
My 9pm candle is 21:00. Is it 6am or 6pm...is it 9am or 9pm? I think you're confused on this strategy.
Does this work with other pairs, like EUR USD?
People are so weird. What’s the point of doubting this strategy when he’s doing great with it? I hate negative comments because it was nice of him to share this sht, he could have kept it to himself. Fkn weirdos
3:25 ehh... sorry, in the morning?! 9pm in NY... I'm in UK, what time will that be for me? I'm lost, please help
I see... he first said 9pm, then he said 9am... ho-ley, I'm struggling to understand the hours in this one.
What is the significance of the 6am candle? Is there a reason why directional bias is based off of this candle in particular?
6am means nothing. Its nearly entirely irrelevant to any type of intraday bias. I cant believe he posted something like this publicly and I like simple and think hes a good trader with what he does. However its very very dangerous. Id recommend using his trend line stuff and avoiding this. Negative RR makes zero sense. I wouldnt even attempt that in demo lol
And im not talkin shit, or saying his ideas are invalid but this one specifically is massive red flag. New traders see this and think they can become profitable with little work. It doesnt work that way and the markets will annihilate you if you play around with them like this. Guaranteed fact so be careful. Im just tryin to prevent some misery here
@@ruintome195 I agree 100%. Negative RR and using the 6 AM candle as an indicator with no other analysis is insane.
It means nothing. It might as well be a coin flip. If it meant something, you wouldn't need a 200 pip SL with a 50 pip TP.
Welcome back! Now made a video about OBV indicator! Please!