RET40-Pips Strategy

The RET40-Pips strategy is a simple trading strategy that some Forex traders use on a daily basis. For this strategy, the currency pair price is expected to move more than 40 pips away from the day’s open price. Price retracement may occur at this point where some pips can be scalped.

The time considered for this strategy is exactly at the start of the day’s session. A demo account will be ideal for practice purposes before using a live/real account to test this strategy.

One can trade the following pairs successfully with this strategy; EURUSD, GBPUSD, GBPJPY, and GBPCAD.

The time frame on the MT4 chart for this strategy is the Daily time frame. At the Start of the day, using the RET40-Pips Strategy, two pending orders can be opened – SELL LIMIT and BUY LIMIT orders.

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RET40-PIPS Signals

SCOPE FOR 13 DEC, 2018 (07:09 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 12 DEC, 2018 (07:06 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 11 DEC, 2018 (07:12 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 10 DEC, 2018 (06:59 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 07 DEC, 2018 (06:51 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

SCOPE FOR 06 DEC, 2018 (06:53 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 05 DEC, 2018 (06:21 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 04 DEC, 2018 (06:29 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 03 DEC, 2018 (06:35 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 30 NOV, 2018 (06:22 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 29 NOV, 2018 (06:57 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 28 NOV, 2018 (06:15 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 27 NOV, 2018 (7:07 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 26 NOV, 2018 (6:32 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 23 NOV, 2018 (6:05 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 22 NOV, 2018 (6:48 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

SCOPE FOR 21 NOV, 2018 (7:07 GMT)

Please note: Close/delete pending Sell Limit order if Buy Limit gets triggered first. Close/delete pending Buy Limit order if Sell Limit order gets triggered first. Pick your favorite pair and place a trade in line with the signal. Lock-in your profit or close the trade in profit as soon as take profit is almost hit. Guard your trade(s) jealously. DO NOT OVER-TRADE!!!

RET40

How it works

Basically, at the start of the day’s session, the currency pair open price is identified (example for EURUSD open price =  1.13015). Pending orders of buy and sell limits are then placed 40 pips away from the open price (example buy limit is placed at 40 pips below the open price = 1.12605, while sell limit is placed at 40 pips above the open price = 1.13415).

However, the take profit for both the buy and sell limits will be 10 pips while the stop loss will be 20 pips (reward to risk ratio 1:2). The take profit point of the buy limit order will be 1.12715 while the stop-loss is 1.12415. The take profit point of the sell limit order will be 1.13315 while the stop-loss is 1.13615.

Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) and 2. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (beanfxtrader@gmail.com).

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