The Daily20Pip Strategy

The Daily20pip is a Forex strategy that I had been using for more than six months and it provides me some profitable returns. The one who made this strategy is P. Lopez. He said that the Daily20pip is based on the "Big Ben Strategy" where he modified it to produce a better result in profit.

Daily20pip is very easy and simple to use. The first thing that you need to do is to compute for the "Pivot Point". Convert your chart time into a daily mode and take the previous day's high price, lowest price and the closing price. The formula for a Pivot Point is:

Pivot Point = High Price + Lowest Price + Closing Price / 3

Example, Most High Price = 1.8666, Lowest Price = 1.8452, Closing Price = 1.8505
Pivot Point = 1.8666 + 1.8452 + 1.8505/3
Pivot Point = 1.8541

After computing for the pivot point what we need now are the value for our entry points. If the current market price is higher than the Pivot Point. We need to make a SELL entry and if the market price is lower that the Pivot Point, We need to make a BUY entry.

Supposedly, the current market price is 1.8612. You have to make a SELL entry because the market price is higher than the Pivot Point.

If you are going to make a BUY Entry, simply add 20 pips from the pivot price. While in SELL Entry, you have to subtract 20 pips from the pivot price.

BUY Entry = Pivot Point + 20 pips
SELL Entry = Pivot Point - 20 pips

In this case we need to make a SELL entry thus,

SELL Entry = Pivot Point - 20 pips
SELL Entry = 1.8541 -20 pips
SELL Entry = 1.8521

The suggested Stop Loss is 30 pips,

SELL Entry = 1.8521
SELL Stop Loss = 1.8551
SELL Take Profit = 1.8501

That's how easy to generate your own signal for the Daily20pip Forex Strategy. This Forex Strategy is perfect for those who cannot monitor their chart everyday or spend countless hours in front of their computers.