PIP

Automated Trading System Update

The last few months I have worked on a semi-automatic trading system, aka Forex Signals, that Alert me whenever there is a potential trading opportunity.  Simply because none of the signals out there really worked for me and I like to tweak my criteria. So far they’ve been running great and I’ve taken it a step further and automated entries and stops.

For the last few weeks I’ve been tweaking, writing, rewriting, analyzing, testing, tweaking some more, banging my head against the wall, and learning more than ever.  I’m happy to say that the last couple weeks I’ve had some really successful automated trading strategies run on several currencies. AND I’ve taken that a step further and expanded my automatic system to 9 currency pairs.

This is a preview of Automated Trading System Update. Read the full post (192 words, 1 image, estimated 46 secs reading time)

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Friday, April 23rd, 2010 Forex Alerts, Forex Signals, Forex System, Online Trading, Trading Strategy No Comments

What is a PIP?

PIP stands for Percentage In Point. It is equal to 1/100 of 1 percent, .0001.

In Forex, currency prices are typically quoted to the fourth decimal.   For example, if the USD/CAD currency pair moves from 1.0510 to 1.0520 it has moved by 10 pips.  If the USD/CAD Currency pair increases by 1 full cent in value (from 1.0510 to 1.0610), it has increased by 100 pips.

Depending on your leverage and lot size, 1 pip can mean alot of profit.   With smaller lot sizes it’s typically $1 per pip, just multiply the lot sizes and pretty soon your pips become pretty exciting.

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Sunday, December 6th, 2009 Currency Exchange, Forex Scalping, Online Trading, currency trading No Comments
 

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