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Alealokato
08-06-2015,
Hi.
Just wondered if anyone has any tips on how to achieve consistently 3ish pips a day?
Thanks

AlbertDumb
08-07-2015,
Not worth it bro. 3 pips would rely heavily on leverage to make profitable. Something like 90:1. What happens when you lose?

AlbertRict
08-07-2015,
Hi,

3 pips 3 day consistently is not possible. Except you can see the future. I tried a similar setup some years ago and failed.
It's really simple: We are using indicators to classify the market condition. With your indicators you get a probabillity of your trade and maybe a risk/reward ratio. If you want to get only a few pips, you have to trade with a high leverage and only some minutes per trade. In this short timeframes you will see very much noise on your chart and your indicators will be useless. Without indicators and can't classify the market condition and get only 50% probability for an upmove or downmove. And the spread will empty your account.
I tried it with 10 pips per trade up or down - without success.