50 Pips a Day Strategy
- Trend following strategy setting for trading at the 4H time frame
- Based on Bollinger Bands Stop, Traders Dynamic Index and TMA Slope
- Very suitable for beginner traders.
What is 50 Pips a Day Strategy
50 Pips a Day Strategy is suitable for both beginners and expert traders. One of the things that shines with the strategy is versatility. The combination of the indicators used should guarantee the proper and accurate execution of trades.
How Does 50 Pips a Day Strategy Work?
We have two distinctive strategies for 50 pips a day. The first is based on the indicators, while the second is based on the price action. Traders should use 50 Pips a day in conjunction only with the indicators described below or with the price action at the specific time period.
Why is 50 Pips a Day Important for Forex Traders
This strategy should help you trade successfully and develop yourself into a disciplined trader. Discipline is essential as you should never stray from the rules described below. If you need any indicators, you can google them and find them for free on the internet. Learning both indicator based trading and price action trading is extremely important for you as a trader. It should teach you the proper principles. Think of it as the first.
How To Trade 50 Pips a Day
Time Frame 4H
Pairs: majors and minors
Metatrader Indicators:
Camarilla pivots
TMA Slope with filter < – 0.4 for sell and >0.4 for buy.
TDI with alert
Bollinger Bands (20,7)
Trading Rules
Buy
Price goes below Bollinger Bands then closes inside
TDI green line above the yellow line.
TMA Slope above 0.4.
Profit Target 30-60 pips depends on pairs or at the Camarilla pivot
Stop-loss 30-50 pips.
Sell
Price goes above Bollinger Bands then closes inside
TDI green line above the yellow line.
TMA Slope above 0.4.
Profit Target 30-60 pips depends on pairs or at the Camarilla pivot
Stop-loss 30-50 pips.
Due to the nature of most camarilla indicators out there, it is impossible to see the history. Here is the real-time example of a trade using 50 pips a day strategy
What Did We Learn From Fifty Pips a Day Strategy
Every trader needs to have a different arsenal at their disposal. The strategy aims for profits on a higher timeframe, so it is very suitable for beginner traders. The nature of the Forex market is that it’s very volatile.
Due to different volatility, we need always to be ready for surprises. One day we could win the next day, we could lose. But after all the hassle, the most important is what your account balance is saying after a full year of trading. Fifty pips a day strategy could help you in reaching your goal.
Detailed Info On 50 Pips a Day Strategy
Fifty pips trade is a trend following strategy setting for trading at the 4H time frame. This forex strategy is based on Bollinger Bands Stop, Traders Dynamic Index and TMA Slope as a filter. The point pivot levels are used as a filter or as market price extremes as a reversal strategy.
Being a trend following strategy, we recommend following the daily and weekly directions. Therefore the temple is applied to currencies that are trending daily or weekly time frames. This way of trading in multi time frames is recommended. Still, it is optional because the system uses indicators that filter out the trades. The advice is to try both trading methods and proceed with the one that best suits your style.
