So when a scalper buys on the ask and sells on the bid , they have to wait for the market to move enough to cover the spread they have just paid. In the converse, the market maker sells on the ask and buys on the bid, thus immediately gaining a pip or two as profit for making the market. Although they are both seeking to be in and out of positions very quickly and very often, the risk of a market maker compared with a scalper, is much lower.
Market makers love scalpers because they trade often and they pay the spread, which means that the more the scalper trades, the more the market maker will earn the one or two pips from the spread. Setting up to be a scalper requires that you have very good, reliable access to the market makers with a platform that allows for very fast buying or selling. Usually, the platform will have a buy button and a sell button for each of the currency pairs so that all the trader has to do is hit the appropriate button to either enter or exit a position.
In liquid markets , the execution can take place in a fraction of a second. Remember that the forex market is an international market and is largely unregulated, although efforts are being made by governments and the industry to introduce legislation that would regulate over-the-counter OTC forex trading to a certain degree. As a trader, it is up to you to research and understand the broker agreement and just what your responsibilities would be and just what responsibilities the broker has.
You must pay attention to how much margin is required and what the broker will do if positions go against you, which might even mean an automatic liquidation of your account if you are too highly leveraged. Ask questions to the broker's representative and make sure you hold onto the agreement documents. Read the small print. As a scalper, you must become very familiar with the trading platform that your broker is offering. Different brokers may offer different platforms, therefore you should always open a practice account and practice with the platform until you are completely comfortable using it.
Since you intend to scalp the markets, there is absolutely no room for error in using your platform. If you press the "Sell" button by mistake, when you meant to hit the buy button, you could get lucky if the market immediately goes south so that you profit from your mistake, but if you are not so lucky you will have just entered a position opposite to what you intended. Mistakes like these can be very costly.
Platform mistakes and carelessness can and will cause losses. Practice using the platform before you commit real money to the trade. As a scalper, you only want to trade the most liquid markets. Also, depending on the currency pair, certain sessions may be much more liquid than others. Even though the forex markets are trading for 24 hours a day, the volume is not the same at all times of the day.
Thus, when two of the major forex centers are trading, this is usually the best time for liquidity. The Sydney and Tokyo markets are the other major volume drivers. Scalpers need to be sure that their trades will be executed at the levels they intend. Therefore, be sure to understand the trading terms of your broker.
Some brokers might limit their execution guarantees to times when the markets are not moving fast. Others may not provide any form of execution guarantee at all. Placing an order at a certain level and having it executed a few pips away from where you intended, is called " slippage. Redundancy is the practice of insuring yourself against catastrophe.
By redundancy in trading jargon, I mean having the ability to enter and exit trades in more than one way. Be sure your internet connection is as fast as possible. Know what you will do if the internet goes down. Do you have a phone number direct to a dealing desk and how fast can you get through and identify yourself?
All these factors become really important when you are in a position and need to get out quickly or make a change. In order to execute trades over and over again, you will need to have a system that you can follow almost automatically. Since scalping doesn't give you time for an in-depth analysis, you must have a system that you can use repeatedly with a fair level of confidence.
As a scalper, you will need very short-term charts, such as tick charts, or one- or two-minute charts, and perhaps a five-minute chart. It is always helpful to trade with the trend, at least if you are a beginner scalper. To discover the trend, set up a weekly and a daily time chart and insert trend lines , Fibonacci levels, and moving averages.
These are your "lines in the sand," so to speak, and will represent support and resistance areas. If your charts show the trend to be in an upward bias the prices are sloping from the bottom left of your chart to the top right , then you will want to buy at all the support levels should they be reached. On the other hand, if the prices are sloping from the top left down to the bottom right of your chart, then look to sell each time the price gets to a resistance level.
Depending on the frequency of your trades, different types of charts and moving averages can be utilized to help you determine direction. The daily chart shows the price has reached the Clearly, there is a possibility of a pullback to the trend line somewhere in the vicinity of 1. As a scalper, you can take the short side of this trade as soon as your shorter-term charts confirm an entry signal.
The price could be heading back to a target of 1. A forex scalping system can be either manual, where the trader looks for signals and interprets whether to buy or sell; or automated, where the trader "teaches" the software what signals to look for and how to interpret them. The timely nature of technical analysis makes real-time charts the tool of choice for forex scalpers. Set up a minute and a one-minute chart. Use the minute chart to get a sense of where the market is trading currently, and use the one-minute chart to actually enter and exit your trades.
Be sure to set up your platform so that you can toggle between the time frames. Now, before you follow the above system, test it using a practice account and keep a record of all the winning trades you make and of all your losing trades.
Most often it is the way that you manage your trades that will make you a profitable trader, rather than mechanically relying on the system itself. In other words, stop your losses quickly and take your profits when you have your seven to 10 pips. This is a scalping method and is not intended to hold positions through pullbacks. If you find that you can manage the system, and you have the ability to pull the trigger quickly, you may be able to repeat the process many times over in one trading session and earn a decent return.
Remember that too much analysis will cause paralysis. Therefore, practice the methodology until it is automatic for you, and even boring because it becomes so repetitive. You are in the business of scalping to make a profit, not to boost your adrenalin or feel like you are playing in a casino.
Professional traders are not gamblers; they are speculators who know how to calculate the risk, wait for the odds to be in their favor, and manage their emotions. Remember, scalping is high-speed trading and therefore requires lots of liquidity to ensure quick execution of trades. Only trade the major currencies where the liquidity is highest, and only when the volume is very high, such as when both London and New York are trading.
The unique aspect of trading forex is that individual investors can compete with large hedge funds and banks—they just need to set up the right account. Do not scalp if you do not feel focused for whatever reason. Late nights, flu symptoms, and so on, will often take you off your game. Stop trading if you have a string of losses and give yourself time to regroup. Do not try to get revenge on the market. Scalping can be fun and challenging, but it can also be stressful and tiring.
You must be sure that you have the personality to indulge in high-speed trading. You will learn a lot from scalping, and then by slowing down, you may find that you can even become a day trader or a swing trader because of the confidence and practice you may get from scalping.
Remember though, scalping is not for everyone. I've found that scalping is the fastest and easiest method for me. During times of higher volatility, I can trade full lots and easily get 10pips in a matter of minutes. Just this morning I got 12 pips in literally 2 minutes using a 1.
If you're talking straight pips, you can enter multiple, smaller trades simultaneously. For instance, if you find a good entry position, you can enter 5 trades, let them go 2 pips before closing. This is a quick 10 pips. If your goal is monetary, your trading strategy might change. In this case I tend to rely on smaller trades, and wait until I'm absolutely sure as if that existed in the market the trade will not go against me. I like to do fewer trades with smaller movements and larger lot sizes.
With higher lot sizes, the greater the risk if price moves against your trade. Remember though that not all pips are created equally. So you have to make sure that you get 10 GOOD pips, rather than just 10 pips. A trade with a 10 pip profit target and a 5 pip stop loss is 4 times better than one with a 10 pip target profit and a 20 pip stop loss, assuming they both have the same win percentage.
This is because you can put 4 times the position in the first one than the second one while still having the same risk. I don't think I like a 10 pip daily goal, personally, because I don't like my losing days to be larger than my winning days. Considering my stop losses tend to be at least at or near 10 pips at least for most of my trades and almost always at least 5 pips , if I wanted to ensure my winning days remained larger, I pretty much would have to stop trading that day after my first trade if it was a loser.
I have found a better straddle strategy. Ride the waves of the pip boxer indicator. But we are not going to do that. Take profit from the SELL trade when it passes down through the line. Also place a SELL trade immediately after it. You will be taking profits while the pip boxer indicator Line is moving up and down between the overbought and oversold areas.
If anyone could make a consistent average of 10 pips a day or 50 a week, etc , every day, and with any position size, then that person could own the world in a few months. Extremely simple and meek in appearance, 10 pips a day is a formidable feat in reality. Do not believe everything you think, or others think. Test it, etc.
Learn to use Fibs. Place your Fibs on the a daily chart and then place the Fibs on a one hour chart. Wait for both charts to lineup, both charts hit the. Also when the D ext. Well if you make a goal of 10 pips a day then you are looking at pips a year I made half of that in one day and another the day before. I think once you get a strategy that works shoot for more pips. Making 5 pips with a large position or large leverage can easily beat making 10, pips with a mini lot.
Apples and oranges are both fruits. Just my opinion. Carry on. I agree. Good morning. I would just like to throw my idea out in the ring. While we are working the bugs out of a strategy, using the Min lot size 0. Using Micro lots cost you pennies. Once you refine this particular strategy it is very easy to scale up in lot size while still keeping all other aspects of the strategy the same. You have tested the strategy in real market condition.
You know what your expectancy is. What your draws downs are. How to set targets and exit the trade. You have built confidence in that strategy and it has cost you almost nothing. This is now the time to squeeze the profit out of your strategy. We will always be working and tweaking different strategies through out our trading career. Do all of this testing using Micro lots 0. I wouldnt know what to do with 10 pips I guess Id have to have like a I shoot for pips a day in 10K alveo accounts and pips a day in the little 1k Alveo accounts.
If you are looking for only 10 pips a day, Prakash has a great strategy that he uses. It is a variation of the Alignment Strategy and from reading through the comments, he has had good success. If you search for "Silver 3 Scalping Strategy" you should be able to find it. I am struggling with the "make 5 trades in a row with 10 pips". Seem to get to 3 and then come off the tracks. Any help or idea from your experience would be greatly appreciate, thanks Beware that just like Pivots, the color changes, too.
Don't jump in just because your favorite color shows up! I think the most accurate way to trade is to watch for a trend to develope and enter on a pullback. I use 5m charts and an 8x34 EMA cross to start looking. Do not trade choppy charts until you see a real trend develope. On 10 pips in a row l stalked a high probability breakout trade with a very strong support once broken it went 25 pips and l then took 5 trades in a row. But you have to stalk a high probability trade like a breakout trade.
If you are hitting three in a row, then your odds should be good about hitting 1 trade with 5 entries. I have made 10 pips and more consistently a day. However, I do not set a TP of 10 pips. If I did that I would need to set a SL at 5 pips to maintain my 2;1 ratio. The chances of being stopped out would be too great at the time I trade which is after 11pm PDT. I use the 1H, 15m and 5m charts to determine the short term trend. Then I wait for a resistance or support level to form before using a limit entry placed about 20 pips away.
And then I just wait to see if the limit takes. Almost without fail the chart retreats from the stalled level. If I notice it doesn't quite reach the limit I set I take a market entry. Then I wait till the next resistance or support is reached and get out of my trade.
This may be jut 5 pips away or as much as 30 pips. If notice the trade going in the wrong direction I close it out at a loss of about 15 pips. But I never stop there and wait till the next opportunity arises. I made almost 60 pips gain tonight using this strategy. I could have stopped at 10 pips and called it a day but why?
I did reach a loss of 45 pips but continued to look for opportunities and ended up with the profit I did. I had never had this level of consistent success using breakouts as I suffered from fake breakouts more often than not and ended up loosing more often than winning.
Since I changed my strategy to what I described just over a week ago, I made 68 trades with a net gain of This was based on trading for 5 nights for an average of I usually trade only on Monday to Thursday nights. To make just 10 pips a day, I would just use the allignment strategy on your favorite pairs with the entry on 1M or 5M.
As with any strategy, the goal should be to focus on execution and fine tune it to be a more profitable system. Let me preface this post by saying I have been with Apiary since January of , and in January of I reached Gold l. It wasn't easy because I tend to be erratic. Being fully aware of this damaging trait, I decided to stay with my Silver lll account, and not touch my Gold account until I could prove to myself that I could reign in my displaced enthusiasm.
The last 5 months have been disastrous with just about every trade I placed constantly going against me. I tried all kinds of different strategies until analysis paralysis set in and I became reluctant to trade. I stopped then to examine what had brought me to Gold l. Obviously I had made some good decisions through the previous nine levels. So what was plaguing me now? I realized that what had brought me through the previous levels was my confidence in my ability to scalp the market, this was something I did well.
The only problem I had with my scalping strategy was that; even though I could keep my winning trade ratio greater than my losing trades, I had to fudge to keep my average profitable trades greater than my average losing trades. I would actually keep track of the trades and because I had a healthy surplus of winning trades, I would purposely lose trades with a really small loss to bring the average loss down to less that the average win. Strange I know, but it worked.
In addition, I have found a way to manage my trades in order to keep the losing trades small. I do set a stop loss, I have to in order to stay with the rules and pass the requirements for moving forward, but I set it so far away from my entry point that it can't be reached. Sounds dangerous I know, but it isn't based on the way I manage my trades. I do this by observing my setup every 15 minutes. Unfortunately, this is not for a lot of traders because of the requirement to check your positions every 15 minutes.
Anyway, this is what is working for me and I will use this strategy all the way to funding. Here we go. Variables Settings: Code. When Stochastic Indicator crosses above Signal Line. When the price has experienced a fairly strong or extended run down. Go Short. When Stochastic is hovering around level When Stochastic Indicator crosses below Signal Line. When the price has experienced a fairly strong or extended run up. Keep 6 trades going at all times. When a position closes at TP 5 pips or on the rare occasions you close a trade due to reversal of Stochastic Check all open trades to ensure that the Stochastic Indicator is no in the process of reversing positions with the Signal Line.
When this occurs, Close the trade. Sounds too easy and it is Hak, please I am just about to complete the 3 days in a row with a minimum of 10 pips. I am trading lots of small lot sizes 0. I have been successful with this strategy so far however this is only for this challenge, this form of trading isn't my style, once this target has been achieved then back to 1 day chart!!! I suggest you pay attention to the news. Often economic data or other major world events move the market. Then try to enter successively all 5 trades, with stops, once you see the move.
Another way is to be up at market open, for example London. There is often a good move at that time with the GBP. Can anyone point me to the best document to determine the income potential averaging a net 10 Pips per day? I know of course that it depends on account size and size of position s traded.
I'm aiming for and getting close to a steady 10 Pips per day but don't want to find out I've wasted my time once I get there! Plus,it will help you launch a 0. The process is to determine your risk to reward potential from knowing the 3 month price cycle price high and price low, from the D1 chart. Next, you will notice that the current price is either coming off the high and heading lower, or it's coming off the low and is heading higher.
So, the trick is to wait for price to bounce off of these support areas and enter the trades according to your 40 sma rule or your own type of 3 bar reversal setup. Hardly enough to live on. However, use the same currency and multiply the number of trades placed each day; thus, risk remains low while reward potential is multiplied.
So Summary: I think the Yen is bullish now but will turn down at the next harmonic level of Gold has formed a double top formation on the 3 month PC; thus, strong resistance at But, may continue the new trend that has began last week going bearish.
Double top formations will produce an amazing long term profit potential. Normally, the idea is too take this formation short for 3 months or more. Making a large move of about to pips per trade. During breakouts, one has the opportunity to take on more than 5 trades at a time so that profit can be booked right away on half the trades and let the others continue with the momentum.
So, the 0. Calculation: 5 trades of. Please keep in mind that I already have defined those abbreviations several times in several other posts over a span of several years ; plus, Jeff uses them--except for E short for Elijah --too.
The other symbols are mathematical notation from set theory , and they are frequently used in IT and quant [and other] trading literature. Benjamin Graham uses far more mathematical notation in his literature than I ever have. I love you Hak, and appreciate the help so that I could catch the meaning of your post. Some really interesting ideas on trading strategy. However at this point I'd like to focus on the "10 Pips per Day" idea -- and my question was about what is the earning potential doing just that?
And what scale of trading would the Apiary risk guidelines allow? Seems too good to be true and I've always worried about "too good to be true"! I'd appreciate it if anyone could correct me on any of these assumptions. Again, I really want to know if "10 Pips per Day" can make me a good living!
So you are correct. Also the law of averages would make a percentage of trades reach the 5 to 10 pip SL before any potential profit could be booked. The only reason I'm here in the Apiary Program is to see if I can develop a system that produces an average of profits that are greater than an average of losses. If that average meets or exceeds 10 pips per day, than I will automatically move up to the next funded account.
Other wise I'll be stuck in Gold 1 until my system begins to earn ratio or even a 1. Many of the trader's comments above have shared how possible this is. Now, we are all still learning how to actually make this goal into a reality. I have had days when my break out trade made 80 pips in less than 1 hour.
Other days my technical entry point cost me 35 pips of stress and heading to my stop loss before finally turning into positive territory 6 hours later. So maintaining a system that can produce the ratio is a great start on your goal of 10 pips "average" and 50 pips in the week. Think I'm going to be a pain in the beehive and post this again Have I made a mistake with the figures?
Can I make a good living if I focus on an average net gain of 10 pips per day? Thanks, Howard. Not exactly. You'd have 2 trades at. It's only too good to be true for traders who lack the discipline, confidence, and determination. This is what I wanted to understand better.
As you say: "discipline, confidence, and determination" are the keys and this is where I have to put my main effort. One of the best ways to pick up pips is on a news event, such as the Weekly Jobless Claims number released each week.
The economic calendars on Forex Factory or Daily FX show events for other major currency countries as well. Todd also follows the number regulary in his "Forex Fanatics" session. I place 5 buy and 5 sell stops on a particular currency, and when the number is released and the market moves in a particular direction, you cancel the 5 unfilled trades and carefully wait for the momentum to slow, roughy 10 mins give or take 5mins.
I set my goal in Beeline to make 10 pips per day. My initial TP is 5 pips with a 10 pip SL. I try to leave my TP at 16 but if a 10 pip win stalls, I take profit at less than 10 pips. The hard part is stopping trading for the day after I reach 10 pips. I don't like to risk the pips I have. Any suggestions? Well, I won't give you a suggestion so much as tell you, I removed the arbitrary limit of ten pips I had placed upon myself.
If the sun is shining, I like to make hay. If the water is rough, I stay out. But when it's moving I get in and go with it. Some days I lose pips, then I learned to get out. But if I'm making pips, why jump out? I like to tell myself, "If I'm going to make an omelette, I'm going to have to break a few eggs. Good advice Brian! So if I can pick up a big profit on a rogue trade it will only help as long as I control my risk. Does anyone's system here to make 10 pips a day short term timeframe have a high win rate?
Because otherwise, you won't actually make 10 pips a day. Actually, that statement isn't entirely correct. Yet, the lower one's win-rate is, the further one would have to let one's winners run to overcome one's losses in order to net that 10 pips. I'm getting close to my minimum goal of 10 Pips a day, but this is before slippage and commissions. A question to more experienced users? In the "real world" not the "Alveo Simulated World" what is a realistic percentage to assume for slippage and commission?
Thanks, hsj. Yes that's what I'm aiming for. If you consistently average 10 net pips a day, then your account can grow very rapidly with limited risk. The most valuable thing is a smooth equity curve. No person, institution, or entity, including the Apiary Investment Fund, can guarantee a return on investment for such transactions.
Neither the Apiary Investment Fund nor its representatives will recommend the purchase, sale, or transaction advice for a specific security. Sign in. To learn more about how to get involved, sign up now or fill out the form below and preview the training right now! Get Started. Skip to main content. Back to Forums. Please share your thoughts? What would be your stop loss if you look for a pips profit?
A picture speaks a thousand words, and this is one of them below. Example only. I use the 50 sma 10 hma and hma use the hma for trend direction on 30 min chart, and use the 10hma to get in the trade on the 5 min. Can I suggest that maybe you are asking the wrong question Thank you Hak. Thanks Hak! Dror Ben Ami. DC Capital Cons Way to go!
Historical Sentiment Index go to. Thanks, appreciate the many helpful comments. Food for thought. Jason Mertz. Shotgun blasts and rifle shots both have their pros and cons with respect to trading. For me that's pretty sophisticated for me. Golfer Bill. BD, What kind of results are you achieving with your testing? Here's why: 1. Quote 'Use you best strategy, strongest charts and discipline yourself to stop trading after you've achieved you 10 PIPS' Nothing personal, but I have to disagree with this, because quite simply if anyone followed that plan, they would not achieve the 10 pips a day goal.
Malcolm, I couldn't have put that any better. Hak, I was just thinking the same! That's right! Do you have to get exactly 10 pips or just make a profit greater than 10 pips? Michael H. I think there has to be a plan for recovering a loss. This will avoid digging a deeper hole. Hi all, darren I tend to agree with you.
What type of indicators do you use? Manager, What is the Historical Sentiment Index about? Ellijah, i was replying to Firejumps question to me. The question must take into account your ultimate goal. The best time frame for this indicator is M5. I hope this helps. Sounds like you have a very nice strategy Jcpeace.
Keep having fun making Pips. Hope this helps. Todd's HMA strategy is also a simple one when targeting 10 pips a day. Agent Orange. Well for sure a lot to be said for a good strategy 10pips a day well done buddy.. Its good to be consistent 10 pips a day, I only can set ratio for this strategy. Trading Hours: am - pm EST.
Period: 15M Variables Settings: Code. Levels: 80 and If the setups are not coming quickly enough, double up or triple up a position. Norma Jenner. Richard, what is your strategy for 10 pips per day? Does that make sense? You all have given me lots of information. I appreciate you all. Happy trading. Give it a try! Trade without fear.
Go to forexfactory. Those are the forex news that move the market. Hi Chris, I scan all the currency pairs to see what kind of price action trading setups are forming and based on that I pick the right trading system for that particular trading setup.
Just wanting to check how successful you have been with the 10 pip strategy before giving it a test drive. Hi Chris, Congratulations on taking the first step. So why all the strategies on this site? Well, to give forex traders a few options to find whatever trading systems that fits them so they can use them. If you note also on what I wrote on the disadvantages of the 10 Pips system is the fact that you are really restricting yourself to only 10 pips a day and your risk:reward is not really good.
Currency Pairs: only the major pairs Timeframes: 15minutes Indicators required: 5 ema and 12 ema and RSI 14 with level Prev Article Next Article. In the end, almost all of the traders wish for a method that could reap them good profit every day. But as we all know, trading is less about making money and more about saving your capital. For this same purpose, we have created the 10 Pip Loss Strategy. The strategy suggests that we must take two to three trades a day by placing only ten pips stop-loss and go for bigger targets.
If we lose two trades and end up winning one, we will be losing only 20 pips, but the gains that are earned on the third trade can be more. By following this strategy, our primary focus should be on taking three potential trades in a day. As you can see, both the indicators gave us a trading signal at around AM.
We activated our trade when the price of the asset is 0. It went a bit up and suddenly dropped down to hit our stop loss. As a result, we ended up losing the trade. The best thing is that we lost only ten pips. We took this trade on 22 nd April at around AM. When the moving average went below the price, the Stochastic gave a reversal at the oversold area, indicating us to go long in this pair.
Right after we went long, the price action blasted to the north and printed a brand new higher high. We end up making 90 pips in this trade. The below price chart represents our third trade on 22 nd April. We took this trade at around PM. Following our strategy, we made entry, and the price action has printed a brand new higher high. This trade gave us a profit of 80 pips. By following this strategy, we can make profits on every single trading day.
Note: Use this strategy only when you see the potential of having at least three trades in a single day. Otherwise, there is no point in using this strategy. This is the first trade we activated on 13 th April at around AM.
Whilst here, you may also like to check these out after reading this 10 pips a day forex trading system:. What if you can only aim to make 10 pips a day? Next day, you come and aim for 10 pips again. This means that if you take the first trade and that first trade gives you 10 pips of profit, then you will not trade anymore because the whole aim of this trading system is to make 10 pips a day.
What happens if you have 10 losing trades in a row? Will you keep trading until you hit 10 pips profit for the day? I would really appreciate that. Go to forexfactory. Those are the forex news that move the market. Hi Chris, I scan all the currency pairs to see what kind of price action trading setups are forming and based on that I pick the right trading system for that particular trading setup.
In the end, almost all of the traders wish for a method that could reap them good profit every day. But as we all know, trading is less about making money and more about saving your capital. For this same purpose, we have created the 10 Pip Loss Strategy. The strategy suggests that we must take two to three trades a day by placing only ten pips stop-loss and go for bigger targets. If we lose two trades and end up winning one, we will be losing only 20 pips, but the gains that are earned on the third trade can be more.
By following this strategy, our primary focus should be on taking three potential trades in a day. As you can see, both the indicators gave us a trading signal at around AM. We activated our trade when the price of the asset is 0. It went a bit up and suddenly dropped down to hit our stop loss.
As a result, we ended up losing the trade. The best thing is that we lost only ten pips. We took this trade on 22 nd April at around AM. When the moving average went below the price, the Stochastic gave a reversal at the oversold area, indicating us to go long in this pair.
Right after we went long, the price action blasted to the north and printed a brand new higher high. We end up making 90 pips in this trade. The below price chart represents our third trade on 22 nd April. We took this trade at around PM.
Following our strategy, we made entry, and the price action has printed a brand new higher high. This trade gave us a profit of 80 pips. By following this strategy, we can make profits on every single trading day. Note: Use this strategy only when you see the potential of having at least three trades in a single day. Otherwise, there is no point in using this strategy. This is the first trade we activated on 13 th April at around AM.