How difficult would it be, after the spread has been paid, to get 3to5 pips each day for a year (200 trading days) by either scalping or slightly longer intraday trading the Eur/Usd or Gbp/Usd?
Or more likely, 3to5 pips every two days?
How difficult…in thought it seems sort-of easy, in practise is it that easy though….i suspect it is not as beguilingly simple as it appears, given the nonlinear nature of the markets.
I wondered what others thought
In reality, even a blind entry (no system. just enter with the flow) would net you profit slightly less than 50% of the time based on your spread and the pip profit desired.
If 1-3 is all your asking, definitely easy. Could easily be accomplished by a new trader in less than two weeks time.
Doing it everyday for 200 days? Also very easy.
Trading, in my opinion, is more common sense than it ever is system. We tend to over complicate things based on our own fears and tendencies. Even our sense of self worth or self image can hamper your trading ability.
What is said about patience and not looking for set pip profits is all correct and well and good, however, that wasn’t the question.
Hope that answer it clear and straight out. If that’s all you need – yeah, it’s easy.
Oh – 1st you guys have to guess if I’m doing this on a demo acct:
Find a pair on a 5/20 MA cross, take 2 trades in each direction with a T/P 10 pips, SL varying to your liking/self-control.
This one falls into the category – “why does my trade always go for some pips in the opposite direction before it goes in my direction?”
Oh, btw, haven’t backtested yet!!!!!!!