Please show me a sub H1 forex strategy that'll consistently make me 100+ pips a week

JTrader

JTrader

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Please direct me to a sub H1 intraday forex strategy/s that will consistently make me 100 pips+ per week on one major currency pair.
The sub H1 intraday strategies i have, are complex, and require a lot of screenwatching, and struggle to average more than +75 pips per week profit on gbpusd.

Thanks a lot.
 
Why does it have to be sub H1 ? Doesn't this mean more time screen watching than if you were looking at a longer time frame ?


Paul
 
If you don't mind a lot of screen watching and trading four pairs (AUDUSD, GBPUSD, USDJPY, EURJPY), then I can make you 100 pips a week very easily. I can make you 100 pips a day with more work. You will have to pay me though.
 
100+ pips per week per market?
what are the risk/reward/drawdowns you are comfortable with?
define your "day"? (7/8-am to 4-pm ok for you?)
do you want just 1 trade per day, or is 4 or so too many?
what style are you most comfortable with? break-out, MA-X, candle-patterns, indicators?
do you want fire-and-forget, or constantly monitorable?
is fixed-profit ok, or squeeze-as-much-as-you-can type trading?

why do you describe your current system as complex?
can it be simplified?
does your system work best on rangey or trendy markets?
can it be used on multiple time-frames?
what are the advantages of your systems? (good, early entries? for example)
what are the disadvantages of your system? (requires too big a stop-loss/ reacts too late to exits.)

it could be you have a good system, but one component is letting it all down.
if you are getting 75 per week, how many pips are you risking to achieve it? and over how many trades.

do you tend to give up after a small run of bad trades perhaps?
are you looking at enough charts to get the choice trades, or are they so rare that you feel compelled to take mediocre signals just to have something to do to force the average of 20 pips a day to get 100 a week?

have you looked at the 3-Ducks? seriously!
unfortunately, my rules are just cornflower and some 3-Ducks, so I cant divulge anything special.
(occasionally nkruger settings for Dow)
I also watch livewithoscar.com on youtube for his analysis on the SPX, although I dont trade it. he is funny.

have you looked at the following threads, and if so, what aspects stop you from using them?
bbmacs thread;
wasps journal;
Captain Currencys 3-Ducks method;
TROs "horizontal line" thread; (although strictly speaking, its a scalping method)
trader_dantes pin-bar thread;
nkrugers DAX thread; (puppies)
hans123 over on strategybuilder; (2 trades a day, break-out types on each session)
grey1s strategy3 as per jayjay21;
elmdowtrader; (commercial system. posts indicate successful, but only by 2 or so members. (NB: I am curious about it, and may buy it out of curiosity.))
Lightning McQueens 5-SMA method;


it is going to be a tough trawl. you may be best advised to not trade for the rest of the week, (take off the pressure), and evaluate your expectations.
you have already designed your own system, albeit complex, so you are comfortable with that.
but, I dont think anyone is going to hand it to you on a plate, so whatever you decide on has to come from yourself.

you could start by describing your current set of rules, although everyone will read their own interpretations onto it.
thats why most of my questions were about YOUR comfort zone.
but the advantage is that it will be modifying a set of rules you already use, and thus more likely to accept small changes.

dunno if that helps.
 
JTrader said:
Please direct me to a sub H1 intraday forex strategy/s that will consistently make me 100 pips+ per week on one major currency pair.
The sub H1 intraday strategies i have, are complex, and require a lot of screenwatching, and struggle to average more than +75 pips per week profit on gbpusd.

Thanks a lot.
Click to expand...


dunno bout intraday, but longer term is a " bit " less stressful -

EUR/USD - (FEB - 08)

22 Jan - 14416 - LONG
1st Feb - 14957 - SHORT - (to close)

541 x 50 quid = 27,050.00 (GBP)



sorry, dont blame me,blame Richard Donchian :cool:
 
theroguetrader said:
dunno bout intraday, but longer term is a " bit " less stressful -
Click to expand...

Indeedy. I don't want to stare at charts all day.

Did you manage to trade that 22/1/08 to 1/2/08 period? How did you plan your stops? I played that swing, too, but got stopped out multiple times. My system had enough re-entry points to mean that overall I probably made more pips but still would much prefer to just have traded once.
 
shadowninja said:
Indeedy. I don't want to stare at charts all day.

Did you manage to trade that 22/1/08 to 1/2/08 period? How did you plan your stops? I played that swing, too, but got stopped out multiple times. My system had enough re-entry points to mean that overall I probably made more pips but still would much prefer to just have traded once.
Click to expand...


I just used a 1 day candlestick chart - and used a SMA - (and put the stop quite tight - just went in my direction)


and THATS IT..... !!


i just trade the BIG moves ......... !! (y)
 
Yes i am talking about 100 pips per pair, basically working 8 hours per day. i.e. 0800-1600 UK time.
risk:reward ratio of 2:1 is what i feel comfortable with. Anything lower THAN 2:1 requires significantly more than 50% profitable trades for me to feel comfortable with. I.e. 70%+, otherwise it is kamikaze trading IMO.

Following strict mechanical like strategy rules, whatever strategy idea i come up with on sub H1 cable, basically makes around 75 pips per week. I do not think it is really possible to make more per week on average, per pair as this is all the range of a typical week will allow.

Up to 12 trades per day is OK.

The reason i ask is because i have all but ruled out sub H1 as not very good to trade, due to the fact that it is mainly noise from news spikes, quiet times before news releases etc.

Perhaps i should have asked the question - who manages to make 100+ pips per week on average, per pair trading off sub H1 charts, working around 8 hours per day max?

Cheers.
 
Last edited:
JTrader said:
Please direct me to a sub H1 intraday forex strategy/s that will consistently make me 100 pips+ per week on one major currency pair.
The sub H1 intraday strategies i have, are complex, and require a lot of screenwatching, and struggle to average more than +75 pips per week profit on gbpusd.

Thanks a lot.
Click to expand...

JT, look over my positons for the week, overlaying your 1hour strategy.

Now see, feel the magic:clover:


DT
:)
 
JTrader said:
Please direct me to a sub H1 intraday forex strategy/s that will consistently make me 100 pips+ per week on one major currency pair.
The sub H1 intraday strategies i have, are complex, and require a lot of screenwatching, and struggle to average more than +75 pips per week profit on gbpusd.

Thanks a lot.
Click to expand...

I am guessing you are talking about using H1 data/chart to enter trade and targeting for
100+ pips and not actually expecting 100+ pips in the 1 hour right ? For that you pretty
much need to know when the pair is going do the big move of the day.

It all comes down to which pair has the largest range to meet your requirement and it's
no secret that GBPJPY, GBPCHF and USDGBP are 3 good candidates.

I have a simple strategy u may want to try out:

1) In ranging market (up to you to determine one yourself), do the usual buy support
sell resistance type trade, which is probably the no secret bread and butter everyone
does and set your target accordingly.

2) In a trending market (again up to you to determine it yourself), the support and
resistance still exist but they will have shifted to 50% or thereabout retracement
of yesterday bar (D1). Put your limit order there and set up the target.
This could be a very profitable and effective method if done properly with trailing
stop and deeper target. 1000+ pips on a single pair not out of question over 2-3
weeks IF market trends.
If you must trade lower timeframe like H1, H4, the method will still work but don't
expect 100+ pips in a day. U can VERY easily and consistently scalp 30-40 pips on
above pairs and call it a day. All depends on what you are aiming for.

3) Up to you to manage the stop loss. Apparently for large range pairs above, be
realistic with the draw down and stop and focus primarily on your risk reward ratio
and win/loss ratio.

Having said all, please pay EXTRA attention to what the larger bars are doing before
implementing the method blindly.

Good luck & good trade!
 
JTrader said:
Yes i am talking about 100 pips per pair, basically working 8 hours per day. i.e. 0800-1600 UK time.
risk:reward ratio of 2:1 is what i feel comfortable with. Anything lower THAN 2:1 requires significantly more than 50% profitable trades for me to feel comfortable with. I.e. 70%+, otherwise it is kamikaze trading IMO.

Following strict mechanical like strategy rules, whatever strategy idea i come up with on sub H1 cable, basically makes around 75 pips per week. I do not think it is really possible to make more per week on average, per pair as this is all the range of a typical week will allow.

Up to 12 trades per day is OK.

ps: 100 pip/week is of course NOT done on sub-H1 data. I don't have that skill yet! :cool: D1 is all I need.
The reason i ask is because i have all but ruled out sub H1 as not very good to trade, due to the fact that it is mainly noise from news spikes, quiet times before news releases etc.

Perhaps i should have asked the question - who manages to make 100+ pips per week on average, per pair trading off sub H1 charts, working around 8 hours per day max?

Cheers.
Click to expand...

JT
Not flaunting my achievement here, but I can easily do that every week IF I want to.
Meaning I am shooting for large breakout type trade that goes from 300+ pips or
more, and I may have 100-200 pips in a week (sometimes in a day) but not take profit
to see it reverse back on me. But that's just me. And the beauty is that you really dont
need to spend that much time on it since once u enter the market, it's no use to stare at
the screen as it doesn't matter how hard you stare, market isnt going to go the way you
want it to.

75 pip per week is pretty good if you can sustain the consistency over long term.

ps: my 100+ p/week is NEVER done on sub-H1 data. I used D1 data for that.
 
Last edited:
Here ya go JT.......

(y)
 

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thecurrencydealer said:
gbpjpy ...hmmm did u get in before today ? I got in back last week and still holding
the short currently close to 500p in the $. That's what i tried to tell JT about trading
the less stress method using D1 data only. I can never make $ trading H1 or lower. 8-(
Click to expand...

Yeah, the long up, the short down prior and the short this am, but closed that at 778 from 870 whilst the rates come out. Essentially though this setup will roll a few times per 24 hour session. I usually take at least 2 of them.

When Im at the screen i'll take the trades as they flop in........ sometimes I have to wait a few hours.

i think though its for each to hand and glove methods setups timeframes etc for themselves. personally I couldnt trade dailies..... :) It would do my nut in .

Im patient ,but not that patient...... :LOL:
 
i can relate to the patience side of the trading as i;ve learned it the hard way :cool:. Sometime it pays
to be patient to stay in the trade for the big run. Sometimes, it pays to be patient to wait for the
set up. Must admit I've still got a lot to improve on the "patience" side of trading, but getting better
each trade.

2 trades a day is pretty good on same pair, something which I lack the skill for and hopefully will
be able to learn some new tricks from u in the future!

Cheers!
 
Hi There

I have traded GBP/CHF on the H1 timeframe with some good results using the Demark Trendline Break.

Netted 3,000++ pips in Dec 2007 and 2,500++ pips in Jan 2008.

PM me if you wish to see the results.
 
JTrader said:
Please direct me to a sub H1 intraday forex strategy/s that will consistently make me 100 pips+ per week on one major currency pair.
The sub H1 intraday strategies i have, are complex, and require a lot of screenwatching, and struggle to average more than +75 pips per week profit on gbpusd.

Thanks a lot.
Click to expand...

Jtrader

I have almost 30 expert advisors for metatrader which can test /back test every time frame and every type of strategy on forex.After carrying out over 2,000 tests over a period of 3 years plus , I have not seen any forex strategy on time frames above 5 minutes that I would reccomend for forex.

The best strategies tend to make around 1500 pips a year = 30 pips a week average.

A combination of several strategies will give you 100 pips a week ,but you have to expect a drawdown of 2,000 pips vs reward 5,000.No pain no gain

OILFXPRO



OILFXPRO
 
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