20pip Challenge
20pip challenge is a trading challenge for forex traders. Here is detailed table of 20pip challenge, includeing step, balance, risk in percentage, profit in percentage, risk in US dollars, profit in US dollars, stop loss in pips, take profit in pips, lot(volume), and result balance.
Why 20pip challenge?
There are so many reasons why 20pip challenge is unique in its own way. Here we just review some of them.
- Simple risk management: In every step, you put your previous reward as the risk, so there is no actual loss of capital/money.
- Small starter balance: As named, you need only $20 to start the challenge.
- 20pip target: As named again, in every trade you need only 20 pip to hit the target. This much of target is acceptable even if you scalp, day trading, or trade as part time/second job.
- Amazing result: Just in 30 steps, based on trading plan, the starter balance from $20 will transform to the $52,404.
Let`s take a look deeper into the 20pip challenge trading plan.
| Step | Balance | Risk(%) | Profit(%) | Risk($) | Profit($) | SL Pips | TP Pips | Lot(vol) | Result |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $20 | 23% | 30% | $4.50 | $6.00 | 15.0 | 20 | 0.03 | $26 |
| 2 | $26 | 23% | 31% | $6.00 | $8.00 | 15.0 | 20 | 0.04 | $34 |
| 3 | $34 | 24% | 29% | $8.00 | $10.00 | 16.0 | 20 | 0.05 | $44 |
| 4 | $44 | 23% | 32% | $10.00 | $14.00 | 14.3 | 20 | 0.07 | $58 |
| 5 | $58 | 24% | 31% | $14.00 | $18.00 | 15.6 | 20 | 0.09 | $76 |
| 6 | $76 | 24% | 29% | $18.00 | $22.00 | 16.4 | 20 | 0.11 | $98 |
| 7 | $98 | 22% | 29% | $22.00 | $28.00 | 15.7 | 20 | 0.14 | $126 |
| 8 | $126 | 22% | 30% | $28.00 | $38.00 | 14.7 | 20 | 0.19 | $164 |
| 9 | $164 | 23% | 29% | $38.00 | $48.00 | 15.8 | 20 | 0.24 | $212 |
| 10 | $212 | 23% | 30% | $48.00 | $64.00 | 15.0 | 20 | 0.32 | $276 |
| 11 | $276 | 23% | 30% | $64.00 | $82.00 | 15.6 | 20 | 0.41 | $358 |
| 12 | $358 | 23% | 30% | $82.00 | $108.00 | 15.2 | 20 | 0.54 | $466 |
| 13 | $466 | 23% | 30% | $108.00 | $140.00 | 15.4 | 20 | 0.70 | $606 |
| 14 | $606 | 23% | 30% | $140.00 | $182.00 | 15.4 | 20 | 0.91 | $788 |
| 15 | $788 | 23% | 30% | $182.00 | $236.00 | 15.4 | 20 | 1.18 | $1,024 |
| 16 | $1,024 | 23% | 30% | $236.00 | $308.00 | 15.3 | 20 | 1.54 | $1,332 |
| 17 | $1,332 | 23% | 30% | $308.00 | $400.00 | 15.4 | 20 | 2.00 | $1,732 |
| 18 | $1,732 | 23% | 30% | $400.00 | $520.00 | 15.4 | 20 | 2.60 | $2,252 |
| 19 | $2,252 | 23% | 30% | $520.00 | $674.00 | 15.4 | 20 | 3.37 | $2,926 |
| 20 | $2,926 | 23% | 30% | $674.00 | $878.00 | 15.4 | 20 | 4.39 | $3,804 |
| 21 | $3,804 | 23% | 30% | $878.00 | $1,140.00 | 15.4 | 20 | 5.7 | $4,944 |
| 22 | $4,944 | 23% | 30% | $1,140.00 | $1,482.00 | 15.4 | 20 | 7.41 | $6,426 |
| 23 | $6,426 | 23% | 30% | $1,482.00 | $1,928.00 | 15.4 | 20 | 9.64 | $8,354 |
| 24 | $8,354 | 23% | 30% | $1,928.00 | $2,506.00 | 15.4 | 20 | 12.53 | $10,860 |
| 25 | $10,860 | 23% | 30% | $2,506.00 | $3,256.00 | 15.4 | 20 | 16.28 | $14,116 |
| 26 | $14,116 | 23% | 30% | $3,256.00 | $4,234.00 | 15.4 | 20 | 21.17 | $18,350 |
| 27 | $18,350 | 23% | 30% | $4,234.00 | $5,504.00 | 15.4 | 20 | 27.52 | $23,854 |
| 28 | $23,854 | 23% | 30% | $5,504.00 | $7,156.00 | 15.4 | 20 | 35.78 | $31,010 |
| 29 | $31,010 | 23% | 30% | $7,156.00 | $9,302.00 | 15.4 | 20 | 46.51 | $40,312 |
| 30 | $40,312 | 23% | 30% | $9,302.00 | $12,092.00 | 15.4 | 20 | 60.46 | $52,404 |