1 minute SMA

this is a system i'm testing

it's all about price and sma

i use 20 and 200 sma plotted in 1 minute chart,
basically i try to follow the direction of 200,
i enter when pricw break the 20 sma
i aim for little pips, from 3 to 40,

it is not scalping, but same as...
my target is in a weekly basis,

i use 4% risk per trade, with a stop loss of 40... yes isn't a good R:R
but who scalps the fx market will be confortable with this type of MM
i try to make averagely 20 pips per day..

some day i'm insipired and make a lot, like today (90 pips),
but this is not good...

as i sad i aim for a weekly target of 100, in order to build my account..

i use 6 cross:
audusd - eurusd - euraud - gbpaud - eurkpy - gbpjpy
good spread and averagely good movement in a day...

this is not a trending nor ranging strategy, because of the fast timeframe.....

i won't say this is "the strategy", but i feel comfortable with it

Hi DNA

Sounds ok to me, how about a chart to clarify the strategy??

How many trades do you take on average per day and how do you decide to close out?

What is the win/loss ratio? High, I hope, with such a RR.

I'm always interested in any 1 min strategy as believe whatever can be done on a daily can be done on 1 min just quicker.

That last remark will attract some comments I'll wager.

Thanks for sharing.

the number of trade could be one or two... but in a good day you could make more trade, depends on your risk appetite..
the target is 100 pip weekly.

yes it's high, but as i sad, i'm testing so i don't know at the moment

here is a chart of a possible trade today with eurusd..
this was perfect...

http://gyazo.com/26d65c600c1ae3886e3a2b19fc9413a2.png

in order to be more effective, i think a filter could be added, but not 2 or 3 filter, i like to keep the thing simple..

the strategy itself won't make you rich, you should use a good money management,
i use this:
10 pips equals 1% of the equity
if you are able in making 20 pips (with 1 or 2 trade) your done for the day

i know the stop loss of 40 is like 4% but the hitrate i'm sure will be very high and few stop will be taken...

Clive i prefer it the other way round ,what ever gets u in/out of the 1/5 min charts the best, smokes the hell out of the 4hr/daily charts