50 Pips a Day Forex Day Trading Strategy: Trade with MTrading

/ Uncategorized
abc

The 50 pips a day Forex strategy is a simple yet effective day trading method designed to capture early market movements in major currency pairs. Most traders apply this technique to EUR/USD and GBP/USD, although it can also be tested on other pairs.

This strategy is ideal for beginners because it does not require complex indicators or extensive market analysis. However, understanding price action, trading charts, and basic risk management is still essential for consistent results.

With MTrading, you can access low spreads, fast execution, and the advanced MT5 platform to implement this strategy efficiently. Open an account today and start trading major Forex pairs with professional tools and support.

Test Stretigies , Learn Trading And Gain Confideance Join For Free Today

Join For Free
abc

Getting Started with the 50 Pips a Day Strategy

The strategy is designed for day traders, not swing traders. Day traders focus on short-term movements and do not rely on in-depth technical analysis over long timeframes.

Steps to Begin

  1. Open the daily chart.
  2. Identify a currency pair with a strong daily range.
  3. Capture 1/3 to 1/2 of the daily range for your trades.

Setting Up the Strategy

To save time, here’s how to configure the 50 pips a day Forex strategy:

  • Use the 7 a.m. GMT candlestick on the 1-hour chart. Adjust for your local time zone.
  • This strategy primarily uses price action, so indicators are optional.
  • Start with major pairs like EUR/USD or GBP/USD before experimenting with others.

Essential Rules for Trading

  1. Wait for the 7 a.m. GMT candlestick to close.
  2. Place a buy stop order 2 pips above the high and a sell stop order 2 pips below the low.
  3. When one order activates, cancel the other.
  4. Set a stop-loss 5–10 pips from the high or low, adjusting for candlestick size.
  5. Target 50 pips profit per trade.
  6. Repeat daily, exiting trades at the end of the day if results are inconsistent.

Risk Management

While this strategy is straightforward, proper risk control is crucial. Stop-loss orders protect your capital, and adherence to the rules ensures consistent performance. Remember, the 50 pips a day strategy is designed for short-term day trading, not swing or long-term trading.

Join over Infinity Academy Telegram Chenal For Free Learning

learn to trade (6)

Trade 50 Pips a Day with MTrading MT5

MTrading MT5 is the ideal platform to execute the 50 pips a day strategy:

  • Ultra-low spreads on major currency pairs
  • Fast, reliable trade execution
  • Advanced charting and professional tools
  • Mobile-friendly trading on the go

Open an MTrading account today and start capturing 50 pips a day while trading Forex like a professional.

Start Trading Risk Free with over Free Prectice Account
Open Free Prectice Account