20 PIPS a Day Forex Strategy

so you want to make 20 pips a day when day trading if your lot size is proper that's enough money for you to live off of and that's all you want so in this video i'm going to show you how to get 20 pips out of the market every single day [Music] welcome back to the channel everybody my name is artie and this is the moving average a show where we discuss everything day trading to keep you profitable on a consistent basis so depending on your account size if you have a thousand dollar account a ten thousand dollar account a hundred thousand dollar funded account and if you adjust your lot sizes properly a successful 20 pip trade will be just enough money for you to live off of your one trade a day is enough profit to keep you from being homeless pays your bills pays your car your insurance your gas your food your groceries all of that so let's show you how to get 20 pips out of the market every single day okay so right now i am looking at euro usd on a 15 minute time frame before we get into exactly where to enter and exit to get your 20 pips we need to look at your account size and see how much money you need to make in order for this 20 pip thing to work for you so this is simply like a breakdown of typical account sizes 100 account size 1 000 account size and 10 000 account size with proper risk management only risking two percent per trade so with your risk at two percent you're only willing to lose two hundred dollars per trade twenty dollars and two dollars depending on your account size with your profit goal being a minimum of two to one so we're looking at a minimum of four percent right here so these are your profit figures for each account size you have four hundred dollars forty dollars and four dollars so depending on how much you actually want to make per day or if this is just a slow growth thing i mean eventually this hundred dollar account with four percent profit goals per trade will eventually get higher and you'll be making more money this is the way that you should be trading not like i mentioned in my previous video how to grow a small account ridiculously fast so using these figures you need to determine what lot size your trade needs to be in order for that 20 pips to hit your profit level so i've linked this website down below it's just forextime.com but essentially they have this calculator on here so you enter your pip amount the currency pair that you're trading and then the deposit currency so whatever currency your account's in whether it's euro or gbp or usd so you select that and you adjust your lot size to hit your profit number so for that trade on a 10 000 account for 20 pips you want a profit of 400 so your lot size needs to be two and again with proper risk management as that trade is going in the opposite direction that you expected you cut your losses at two hundred dollars because you're only risking two percent per trade so use this calculator take a screenshot of this so that you can know how to properly risk manage yourself now looking at euro usd you can see that there's 20 pip moves all over the place for example this would be a 20 pip move so let's zoom in a little bit closer and show you what 20 pips actually looks like using the measuring tool on the left hand side let's draw this down and boom that little nugget right there i gotta really zoom this in for you guys to see it this little nugget right here is 20 pips that amount of space right there 20 pips so you can see how easy that is to get out of the market it is a very small move in the big scheme of things so i've drawn a 20 pip box and now we can see how this works in our day trading strategies so again 15 minute chart i'm gonna adjust the settings on this chart really quick to show something really interesting it's not interesting it's just nice tool to have when you go to your chart settings in the fourth option down in appearance there's this little thingy right here that says session breaks if you click that you will see every single new day of trading you can see how much the price moves in a single day and how small this little nugget is see 20 pips huge movement throughout the day every single day has over a 20 pip movement so how do you capitalize and actually find that movement for the day that's right you overlay indicators on your chart so if you keep your trading view platform at this view you kind of get a bigger scope of what's going on in the market you're still on a 15 minute time frame but you can see the nice ebb and flow of the market and if you've watched my videos on moving average trading whether it's a crossover whether it's the support and resistance whether it's continuation of the momentum on that downside or upside you can see where your entry points are so say for example on this weird day like you don't really know where to get in unless you have moving averages on there so the day started and it started to go down so you saw the price crossing down through the moving average but you didn't get on a short position because the previous day you see this swoop up so you're seeing bullish momentum so why would you get in on a short position so just be patient and wait and it crossed through it again and you're like cool that confirms the theory that i had that we're having bullish momentum so we're above moving averages now creating support get in on your trade and you got your 20 pips no problem if you want specific sniper entries for your trades i have a strategy that i've made a video on right here i didn't invent this strategy i just know a lot about day trading so watch this video if you want perfect entries it doesn't happen every day but it happens consistently and they are very very tight stop-loss trades with high profit ranges so to sum it all up you need to figure out what account size you're starting with or what account size you have now how many lots you need to trade whether they're micro lots or standard lots use the calculator that i showed you guys earlier and figure out how much you need to make in one trade over trading doing 30 40 50 positions a day is completely reckless it's better for you to get your 20 pips in one trade and walk away for the day like you've had a successful day okay bye bye say the next day you lose with the one to two risk to reward ratio you could afford to lose two days in a row and still be break even if you win the third day that's the power of proper risk management so i have a plethora of videos on moving average crossovers how to trade different strategies every single one of them work if they are implemented at the correct time frame and not falling for the fake out which i've also made a video on so 20 pips out of the market doesn't sound unreasonable for anybody if you guys enjoyed this video and you got some value out of it i'd appreciate a big fat thumbs up on this video and if you have not already consider subscribing down below thanks so much for watching and we'll see you in the next video

Channel: The Moving Average

Views: 455,906

Keywords: 20 pips a day forex strategy, 20 Pips A Day Forex Strategy, 20 pips a day forex, 20 pips a day, 20 pips a day strategy, 10%20pips%20a%20day, 10 pips a day forex trading system, 10 pips a day, 20 pips and dip strategy, 20 pips and dip, 50 pips a day forex strategy, forex strategy, forex strategies, forex trading strategies, forex trading, 20 pip and dip strategy

Id: tHPqhvN0gYU

Length: 7min 30sec (450 seconds)

Published: Tue Mar 23 2021