There are a number of forex trading strategies on our site and '20 pips per day' is a free and simple forex scalping strategy. As the name suggests, this strategy looks to make 20 pips per day. To use this forex scalping strategy you should look for a forex broker that is reliable and provides the Metatrader 4 trading platform.

1. Free Forex Scalping Strategy ‘20 Pips per Day’
As well as other Forex trading strategies as described on our site, ‘20 Pips per Day’ is a simple, free Forex
scalping strategy. As you will deduce from the name, the strategy allows you to make 20 pips per day.
You should find a reliable Forex broker that provides the Metatrader 4 trading platform to use this Forex
scalping strategy.
Description of Forex Scalping Strategy “20 Pips per Day”
1. You can open transactions with this Forex strategy only after 11:00 GMT
2. It is very important to look through the news calendar beforehand to check if there is some
important news for today
3. If a release of important news is planned for today, you should only open a transaction once this
news has been released. It should be noted that this rule also applies to any other trading
strategy, because many Forex strategies react after the release of important economic data
4. If there is no important news, you should trade from 12:30 GMT
5. First of all, put a simple moving average with period 20 (SMA) and a momentum indicator with
period 5 on a chart of a chosen currency pair
6. A timeframe for the trading strategy is 30 minutes (M30). I would also advise using the GBP/USD
currency pair when trading with the ‘20 Pips per Day’ strategy but you can use any other
instruments, which will be presented in the terminal of your Forex broker. ‘20 Pips per Day’, as
well as many other Forex trading strategies, can bring more profit when using high volatility
trading instruments
7. A buy trade should be opened when a candle closes above SMA (20) and the momentum
indicator is above the average level. Conditions for a sell trade are exactly the opposite

2. 8. As for profit taking, I’d advise placing a take-profit at a distance of at least 20 points. Besides,
you can partially close a trade when the price reaches the set profit, and place a trailing stop for
the second part. In this case, you can make much more than 20 pips per day.
9. The majority of Forex trading strategies use stop-loss, and ‘20 Pips per Day’ is no exception. You
can place a stop-loss in several ways. You can place it at a distance of 20 points, or a bit lower
(higher) of a moving average, or beyond the last local maximum (minimum).
10. It should also be noted that if the price crossed SMA (20) in the opposite direction after opening
a transaction, it would be better to close the position at once.
Finally, remember that ‘20 Pips per Day’ as well as many other Forex scalping trading strategies, can be
profitable only when all of the rules and instructions are followed.
http://iticsoftware.com