TheBulltrader

2 Pip Scalp to nearly double your account

882 4 81
Untested indicator that I wrote and that I will be testing. The idea consists of going for 2 pips a day for the purpose of making a 90% yearly return.
Risks: no stoploss = Possibility of being margin called
Benefits= takes 5 seconds to enter the trade once a day
Indicator shows that if you had bought at daily close, you would have been profitable 88 out of 90 days within 24 hours for the past 3 months. The other 2 days would have been in drawdown but would have eventually profited.
Wish me luck.
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study(title="2 pip scalp", shorttitle="MO", overlay =false)
x=security(tickerid,'D',high)
y=security(tickerid,'D',low)
z=security(tickerid,'D',close)
//directions- at daily close enter a buy for 2 pips and go for .25% a day = 7.5% a month = .90%
buy=(high-close)*10000
sell=(low-close)*10000

a=iff(buy>2,2,0)
b=iff(sell<-2,-2,0)
plot(a,color=green)
plot(b,color=red)
love the idea
+1 Reply
Thanks. It'll be interesting! So far been profitable everyday this week. Of course it only matters for the long term.
Reply
Update: I have been testing this strategy for closely a month and here are the results --->http://puu.sh/iBKCG/03e4131a4e.png
+3 Reply
How is it going now?
+1 Reply
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