Just now looked at the vehicle suggested by the author of the theme as Pipsing and scalping. He, the author of the topic, is confused or does not understand what it is about-what is scalping in the proposed vehicle? Not to mention Pipsing. At the time of opening the topic, according to the author himself, he is 1.5 years on the handicap, maybe at the moment it has already reached him that the vehicle he is talking about and Pipsing/scalping have nothing to do with each other. A person gets lost in terminology-it happens.
Pipsovka, a simple strategy for novice traders
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MalsMaster
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Yes, you need to sit at the monitor .Not necessarily all day,but as long as there are deals ,you need to sit. I used to trade the European session and that's it. Sometimes I took the daily "norm" in points for a few minutes or a couple of hours and went for a walk
But how calm it is when you have everything fixed. By the way ,at the expense of the daily rate,I determined for myself that my minimum is 20 points a day for four signs . If there is a trend on the hourly chart, then this norm was made quickly , and if there is no trend, then you had to determine the boundaries of the protorgovki and work on the rebound . In this situation, we had to watch when the price reaches this border and breaks away from it .
Well, why not listen to your words-since you have experienced it all for yourself.I understand you well-you take a lot of risks,but the risk is justified by a fat profit, supported by the correct entry into the market.It's all EXPERIENCE.Even judging by the bonus-you have been on the market for a very long time and you do not take up experience.It turns out-and very well-the strategy of the fan has not been canceled yet.I can't afford it, because I'm often wrong.
This is not always the case. This is why a trader tries to earn a large percentage on a small Deposit, because there is no solid Deposit. And losing everything you have (even if it is a little) will be painful in any case.
Pipsovka itself is just the most appropriate for large deposits (when combined with a conservative approach).
There is nothing pleasant here, since 100% per day can only be obtained at a completely unacceptable level of risk. With a small Deposit (at the level of $ 100), the acceptable yield will be 5% per day, and if you are lucky - up to 10%.
With a meager Deposit of $ 10, such trading can only be for educational purposes, and the maximum "typical" profitability can be at the level of no more than 20% ... 30% per day (more will be very risky, and less will not be allowed, since trading must cover at least the payment for the Internet and a minimum set of food for the trader).
Pipsovka itself is just the most appropriate for large deposits (when combined with a conservative approach).
There is nothing pleasant here, since 100% per day can only be obtained at a completely unacceptable level of risk. With a small Deposit (at the level of $ 100), the acceptable yield will be 5% per day, and if you are lucky - up to 10%.
With a meager Deposit of $ 10, such trading can only be for educational purposes, and the maximum "typical" profitability can be at the level of no more than 20% ... 30% per day (more will be very risky, and less will not be allowed, since trading must cover at least the payment for the Internet and a minimum set of food for the trader).
For some reason, pips are always associated with aggressive trading. The latter can be carried out with any trading methods: aggressive can be called either trading in large volumes in each transaction, or with a large risk, which is defined as a loss in one transaction as a percentage of the Deposit.
Pipsing becomes aggressive not because it is an essential condition, but because most traders do not have the patience to carry out several dozen (sometimes a hundred or more) small transactions a day, and want to limit the labor and time spent by increasing volumes. But the result of this approach sooner or later becomes a Deposit drain.
Pipsing becomes aggressive not because it is an essential condition, but because most traders do not have the patience to carry out several dozen (sometimes a hundred or more) small transactions a day, and want to limit the labor and time spent by increasing volumes. But the result of this approach sooner or later becomes a Deposit drain.
MalsMaster
New member
On large deposits, many people no longer want to engage in Pipsing, so they start trading on the higher halves . There are goals for more and with a conservative approach, the profit is more or less. Pipsovka and implies increased risk and close goals, a maximum of 10 points for 4 characters.Personally,I do not see the point of Pipsing conservatively , so my trade can be called Pipsing with a big stretch, rather intraday trading with increased risks.
It is on large deposits that it makes sense to engage in conservative PIP trading, when both the risk is small and the profit in absolute terms is adequate to the time spent. For example, with a $ 10,000 Deposit, trading a 0.1 lot (standard, not a lot) means a 1:1 leverage, with a profit of $ 1 per trade. No one can call trading without leverage aggressive, right? However, with a hundred transactions per day, we will get a hundred points of profit, which will be $ 100 per day of income and 22% of profit per month. Trading on higher timeframes does not always give such efficiency.
Here we are not talking about Pipsing, but rather about scalping with short goals. Your definition of a pipsqueak only applies to InstaForex with its huge spread. In General, scalping with goals at the level of several spreads can be called Pipsing, provided that the Commission is covered, if it is a separate line, then in a" Pipsing " company it will be in the typical case of 1 ... 3.3 points.
Here we are not talking about Pipsing, but rather about scalping with short goals. Your definition of a pipsqueak only applies to InstaForex with its huge spread. In General, scalping with goals at the level of several spreads can be called Pipsing, provided that the Commission is covered, if it is a separate line, then in a" Pipsing " company it will be in the typical case of 1 ... 3.3 points.
And requotes? With large deposits, the execution of orders worsens, unless of course the broker overlaps on the side. To their clients in such conditions is extremely difficult. Do not forget to add slippage, opening a deal not in milliseconds, but in a few seconds, and on strong news and even up to a minute of time, or they may not allow you to enter, offering a new, worse price.
Such deposits, when you need to withdraw transactions to the side, we "do not threaten", I think, because up to $ 100,000 trading without leverage means a lot of no more than 1. I piped lot 0.5 (of course, with a much smaller Deposit and with a shoulder), I did not notice any deterioration in performance compared to lot 0.1. And such a lot is adequate to a Deposit of $ 50,000, more than which in principle it makes no sense to use, since the most favorable conditions (minimum Commission) will already be achieved. The profit at the level of 5 ... 10 dollars in one transaction in a few seconds or minutes will completely cover the" patience " of the trader, which is necessary to carry out several dozen transactions (up to a hundred or more) per day.
You probably haven't traded in companies where conditions are ideal for pips. No company outputs less than 1 lot to the external platform for ECN execution of a transaction. what kind of slippage can there be? About the milliseconds - this is where execution actually happens? The best parameter in this regard is about 10 milliseconds. However, even up to 100 MS performance can be considered quite satisfactory. Slippage will sometimes be useful: take profit will work not at 1 point, for example, but at two or sometimes three points of profit.
So and who you are offering to their clients on the news? The whole point of pips is to trade in a quiet market in a flat, using minimal movements in both directions.
You probably haven't traded in companies where conditions are ideal for pips. No company outputs less than 1 lot to the external platform for ECN execution of a transaction. what kind of slippage can there be? About the milliseconds - this is where execution actually happens? The best parameter in this regard is about 10 milliseconds. However, even up to 100 MS performance can be considered quite satisfactory. Slippage will sometimes be useful: take profit will work not at 1 point, for example, but at two or sometimes three points of profit.
So and who you are offering to their clients on the news? The whole point of pips is to trade in a quiet market in a flat, using minimal movements in both directions.
MalsMaster
New member
Well, Yes, but not many people have such a Deposit, especially beginners. That's why I say that you need to use small amounts of money to make a PIP (you can read "disperse the Deposit"). It seems that it is not so terrible to lose and in case of profit it is pleasant. But to work like this, you need trading experience and the ability to read the chart. After all, an error in the login threatens to lose the Deposit and start all over again.
Of course, overclocking (aggressive trading) is possible only on small deposits. But why do you identify overclocking with Pipsing? Pipsing implies a small profit in points, the total volume is not necessarily determined by a large single order, because you can make many small transactions. Overclocking is aggressiveness in every transaction.
They can, of course, be PIP-based, but this is extremely inappropriate: after all, the increased risk due to volume is added to the risk that the stop should be much larger than the profit, or even completely absent (replaced by a stop-out). Therefore, when overclocking, you need to find entry points such that you can take as many profit points as possible in each transaction, and Pipsing will be the exact opposite of this, where high profitability is achieved by tedious painstaking work throughout the day.
They can, of course, be PIP-based, but this is extremely inappropriate: after all, the increased risk due to volume is added to the risk that the stop should be much larger than the profit, or even completely absent (replaced by a stop-out). Therefore, when overclocking, you need to find entry points such that you can take as many profit points as possible in each transaction, and Pipsing will be the exact opposite of this, where high profitability is achieved by tedious painstaking work throughout the day.
MalsMaster
New member
Maybe I'm wrong , but what's the point of trying to take a hundred transactions in 1-3 pips lot 0.01, if you can take the same pips lot 1 in one transaction if the Deposit allows . Moreover, it is very difficult to sit at the monitor all day ,the longer you sit ,the more mistakes you make . I do not argue with the terminology "pipsovka"..."The trading style is determined only by the trader's "greed"
The main problem with pips is that to avoid triggering a stop more often than a take profit, you have to make a stop much more than a take profit (otherwise it will not work, since trading is conducted in conditions where the volatility is comparable to the amount of the spread and Commission) or do not use a stop at all. Therefore, during large jumps in quotes in the negative direction, there is a risk of losing tens or even hundreds of times higher than the profit in a single transaction. Of course, the trader should try to have time to manually " cut " the loss long before the stop or protective deferred lock is triggered. But if this does not work (including due to slippage), you need to be prepared for the fact that the maximum loss will be received in a single transaction. With a 0.01 lot size if this loss is chosen at 1% of the Deposit, and after receiving it, the trader will have to restore dozens of new positive transactions, with a lot of 1.0 he will not have to do this "Sisyphean task" - it works already not stop, and stop-out, as there's will not only make a profit, but a single loss, which will lead at once to a complete draining of the Deposit.
Yes, you almost exactly described the first time I traded with a scalper . At first everything was fine , but the adviser almost always closed with a stop with a small + and I removed the stop . Started a pretty good profit, but instead of slowly taking off, I raised the lot, so I came to a stop-out.
To avoid requotes, you need to choose the right account for a certain trading style. For Pipsing and scalping, these are ECN accounts. Not once in several years have I seen a requote working on such accounts. Slippage is not critical if the lot is selected with a reasonable MM. As for the world trade center on the news, so it can be deleted.
AbnormalUA
New member
Good day I'm a beginner and as mentioned above that scalping or Pipsing shows the result immediately this style of trading and attracts but there are a number of questions namely, there is a full description of the strategy, which describes in detail the periods of indicators and their settings, entry points and only for TP or you can trailing and how many points to put???
In your series of questions, one more thing is missing-where to put the money earned by scalping?
It looks like you are looking for a simple guide to quickly cutting money, I will not disappoint you much, everything is not so simple and there is no simple and detailed guide with specific instructions. In principle, there are strategies where it is written when to buy, when to sell, where to put takes and stops, but not everything is so simple, otherwise everyone would have been millionaires long ago. You will have to study and read and watch a lot of videos before you can make a profit.
AbnormalUA
New member
I study, read and watch a lot of videos, I have long buried the myth about fast money cutting and I understand that not everything is so simple, but in any case everyone is looking for something different, I also use rsi and stochastic I wonder what settings the author uses and what were the questions... I am more and more inclined to the fact that I will have to go to paid courses, you can do it yourself, but there are a lot of questions, and no one wants to share the campaign for free...
To begin with, it would not be bad to learn at least something yourself, now there are a lot of Forex Gurus who will only get money out of you, and you will not get the knowledge. There is a lot of useful information on this forum, and on others too. There is also free training material that is worth studying, and then you can look for a paid mentor.
The only difference between paid and free courses is that your motivation will be higher. The more money you pay for the course, the more interested you will be. Any trader will confirm that there is no Grail. Only the only hardcore experience. You came to Forex to earn money, why do you need answers to a lot of questions. Make 100 trades strictly according to the rules of the trading system (your choice), and you will have more experience and understanding of the market than half of this forum.