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50 Pips a Day

50 Pips a Day

This strategy is less time-consuming with very low risk. Traders enter two opposite positions with pending orders during Asian session time. When orders are triggered by a price movement, the other one will be canceled.

The target for this strategy is 50 pips only and the stop-loss can be set between 5-10 pips. After setup, everything just sits and relaxes and lets the price change for the final result. 

The purple box in the chart above represents the Asian session candlestick point that is crucial for this strategy. The profits are limited to 50 pips a day and limited to only one trade per day for each currency pair.

Please consider the need to watch both pending orders so you can cancel one in time when the order is triggered.

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