Dear forum participants,
I would like to ask you about next two questuons:
1. Which profit does a successful trader have in pips per day (approximately)?
2. Which profit does a good EA have in pips per day (approximately)?
Thank you for your answers and comments in advance
I believe that "Day" is just a very small timeframe to consider. Market doesn't behave the same way each day, Monthly or Anually should be better timeframes to measure if you've been successful or not.
Besides, if you are only looking for "pips" you're forgetting about Money Management which is also a very important part of any strategy - that's the way how you manage the risk.
In the end, I believe that Account Growth vs. Account Drawdown are better indicators to keep an eye on.
Actually the questions are logical and also the answers.
If you can hold your emotions and accept some risk you can daily make 10 000 pips That one is really no problem. With such a specific script or EA it is possible. The point is that it opens each tick one trade with small TP that belongs commision and swap (if there is any).
If you are more conservative and a manual trader it is very real to make daily 50 - 300 pips. Everything depends form the conditions on the market.
The only thing you should remenber is :
Many Green pips !
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