468# Rock Solid 10 Pip Day Strategy

Intraday and Swing trading system

Submit by Leviatanfx 12/06/2015

Rock Solid 10 Pip Day Strategy”. has been designed to teach you how to trade

the FOREX markets successfully and consistently.

My main principle of trading is momentum. A market’s momentum is what

fuels major trends, without momentum the market does not experience

strong trends and hence does not work to our advantage.

My System has been designed to identify changes in momentum,

and to issue signals when the momentum increases. The advantage of this

is that we enter at the beginning of strong trends which in turn means we

enjoy big profits.

The hit rate of the system is about 70-80% in most currencies, and

higher in the currency pairs recommended in the next chapters.

Step 1:

Copy the indicators files EX4 into your /experts/indicators/

folder. This folder is in the folder of the MetaTrader trading platform.

Examples:

If you are using the Interbank FX Trader broker, the folder will be at

C:\Program Files\Interbank FX Trader 4\experts\indicators\

If you are using the Alpari MetaTrader broker, the folder will be at

C:\Program Files\MetaTrader - Alpari\experts\indicators

If you are using the FXDD broker, the folder will be at

C:\Program Files\FXDD – MetaTrader 4\experts\indicators\

Step 2:

Copy the template files (.tpl) into your /templates/

folder. This folder is in the folder of the MetaTrader trading platform.

Examples:

If you are using the Interbank FX Trader broker, the folder will be at

C:\Program Files\Interbank FX Trader 4\ templates \

If you are using the Alpari MetaTrader broker, the folder will be at

C:\Program Files\MetaTrader - Alpari\ templates

If you are using the FXDD broker, the folder will be at

C:\Program Files\FXDD – MetaTrader 4\ templates

Step 3:

Open the MetaTrader® platform, and right click on chart window and go

to: templates -> Rock Solid 10 Pip Day Strategy

Here is how your chart should look like:

Rock Solid 10 Pip Day Strategy
Rock Solid 10 Pip Day Strategy

Entering Trades

Long Trades

Long signals occur when all the indicators Change from Red to GREEN and

BLUE.

Short Trades

Short signals occur when all indicators become Red.

Rock Solid 10 Pip Day Strategy
Rock Solid 10 Pip Day Strategy

I’m using Moving Average (Magenta) to determine current trend and to

filter coming signals. So, if ‘MA’ directed downward and the price is below

the ‘MA’, it’s a Bear trend. And if ‘MA’ is directed upwards and the price is

above the ‘MA’, it’s a Bull trend.

I prefer to avoid long trades during Bearish trends and vice versa. When

prices are in Bullish trend I don’t take short trades.

The main advantage of this system is that it allows you to enter trades

during the beginning of a trend, and in the process of its further movement

on its retracements.

Examples:

Rock Solid 10 Pip Day Strategy
Rock Solid 10 Pip Day Strategy
Rock Solid 10 Pip Day Strategy
Rock Solid 10 Pip Day Strategy

I do not recommend using the system during a Flat period. You could

however filter such signals with ‘MA’ if you want to trade.

The best time to start trading is during active hours of both Europe and US

sessions, since this is when the market experiences the most momentum.

Exiting Trades

A fixed number of pips (Just remember to check the average daily range for

each pair before you set this limit) or an opposite signal (optional).

I prefer to make several scalp trades per day on 5 min charts on all major

currency pairs. This is why I’ve named the system “10 Pips Per Day”.

Another useful trick for people who want to protect their profits would be

to use trailing - moving - stop loss.

Stop Loss

A fixed number of pips (you could use 2:1 Risk/Reward ratio, as system

gives 80-90% accuracy) or swing max/min (optional).

Nevertheless, this system works perfectly at other time frames and currency

pairs. You could even use it on Futures and Stock markets.

This system works fine under NORMAL market conditions. So please don't

use it for trading the news!.. In fact, I would highly recommend that you

stop using it at the time of major news releases.

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