Rock Solid 10 Pip Day Strategy For MT4

Rock Solid 10 Pip Day Strategy For MT4

Table Of Contents:

  1. Rock Solid 10 Pip Day Strategy For MT4
  2. The Rock Solid 10 Pip Day Strategy For MT4 – Long positions
  3. The Rock Solid 10 Pip Day Strategy For MT4 – Short positions
  4. Is the Rock solid 10 pips day strategy any good?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Rock Solid 10 Pip Day Strategy For MT4 is a fancy title for a forex trading strategy that clearly tends to be inclined to lure traders rather than actually being a rock solid forex trading system. The focus is primarily on making 10 pips a day. But this trading system certainly does not address the risks you need to take to achieve this.

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There are quite a few indicators used in the Rock solid 10 pips day strategy. Most of these indicators are basically redundant as you can see by the number of oscillators used in this trading system. The Rock solid 10 pips day strategy also uses the 21 period simple moving average a trend filter.

The trading signals are basically determined by how the rest of the oscillators are behaving depending on whether the trend is up or down based on the price action and its position to the moving average.

Let's now take a look at how you can trade long and short positions using the Rock solid 10 pips day strategy.


The Rock Solid 10 Pip Day Strategy For MT4 – Long positions




To take long positions using the Rock solid 10 pips day strategy, we start by looking at price and how it is trading relative to the price indicators on the price chart. We look for price trading above the 21 period simple moving average. This indicates that the market is in an uptrend. Following this, we need to get confirmation from the other indicators used in the Rock solid 10 pips day strategy.

Look to the indicators in the first sub window. Here, we need to see the first indicator plotted green lines. These green lines indicate that the current price action of the candlestick is bullish. Then look to the Pescador indicator. This histogram should be turning above the zero line. During this time, the histogram turns green as well.

Finally, look to the remaining of the indicators, which should all show positive movement in the trend of the price action. Bear in mind that you will not get a perfect trading signal where all the indicators are turning green. Therefore, you should allow for some flexibility when looking for confirmation from the remaining of the indicators in the sub window.

Once you are confident that the price action is bullish, you can take a long position at market. By identifying the recent swing low, set your stop loss to a few pips below this level. Then using an appropriate risk to reward ratio, set your take profit level accordingly. Alternately, you could also make use of a fixed reward of 10 pips from your entry. While this might guarantee you some success, remember that a string of losing traders will wipe out all the gains made.


The Rock Solid 10 Pip Day Strategy For MT4 – Short positions




To take short positions using the Rock solid 10 pips day strategy, we start by looking at price and how it is trading relative to the price indicators on the price chart. We look for price trading below the 21 period simple moving average. This indicates that the market is in a down trend. Following this, we need to get confirmation from the other indicators used in the Rock solid 10 pips day strategy.

Look to the indicators in the first sub window. Here, we need to see the first indicator plotting red lines. These red lines indicate that the current price action of the candlestick is bearish. Then look to the Pescador indicator. This histogram should be turning below the zero line. During this time, the histogram turns red as well.

Finally, look to the remaining of the indicators, which should all show negative movement in the trend of the price action. Bear in mind that you will not get a perfect trading signal where all the indicators are turning green. Therefore, you should allow for some flexibility when looking for confirmation from the remaining of the indicators in the sub window.

Once you are confident that the price action is bearish, you can take a short position at market. By identifying the recent swing high, set your stop loss to a few pips above this level. Then using an appropriate risk to reward ratio, set your take profit level accordingly.
Alternately, you could also make use of a fixed reward of 10 pips from your entry. While this might guarantee you some success, remember that a string of losing traders will wipe out all the gains made.


Is the Rock solid 10 pips day strategy any good?


In conclusion the Rock solid 10 pips day strategy sounds good on paper. While it focuses on the concept of convincing you that it is easy to make 10 pips a day using this trading system, it does not address the concerns of risk aspect. In other words, in this trading system, while there is scope to make 10 pips, there is no clear definition of how much risk you need to take in order to achieve that.

For this reason alone, we find that this trading system is not that credible. Secondly, the number of indicators in the sub window is just too much. Most of the indicators behave the same way and for a new trader, looking for confirmation from these trading indicators can lead to confusion.

However, the easiest way to go about avoiding this is to get rid of some of the indicators from the sub window. It is up to the trader to experiment and see which of these indicators are redundant and the ones that do not add much value.

The Rock solid 10 pips day strategy is therefore not advisable for trading for beginners. The indicator on the price chart is just a simple moving average. While this can show you how the trend is, it does not by any means show you how the trend strength will be. Therefore, it is difficult to trade with the Rock solid 10 pips day strategy when the markets are ranging.

Download the complete system description and the files here:

FREE Rock Solid 10 Pip Day Strategy

Download the FREE Rock Solid 10 Pip Day Strategy for MT4.

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