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1 minute SMA

  • Post #1
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  • First Post: Oct 10, 2012 10:30am Oct 10, 2012 10:30am
  •  dnabrasil
  • Joined Jun 2010 | Status: 18 pips per day ---> 100% per month | 485 Posts
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
  • Post #2
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  • Oct 10, 2012 11:28am Oct 10, 2012 11:28am
  •  clivepackham
  • Joined Nov 2010 | Status: Member | 4,552 Posts
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.
Feel the Fear and do it anyway!!!
 
 
  • Post #3
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  • Oct 10, 2012 12:06pm Oct 10, 2012 12:06pm
  •  dnabrasil
  • Joined Jun 2010 | Status: 18 pips per day ---> 100% per month | 485 Posts
Quoting clivepackham
Disliked
How many trades do you take on average per day and how do you decide to close out?
Ignored
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.

Quoting clivepackham
Disliked
What is the win/loss ratio? High, I hope, with such a RR.
Ignored
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...
 
 
  • Post #4
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  • Last Post: Oct 10, 2012 1:37pm Oct 10, 2012 1:37pm
  •  Jse Alsi
  • | Joined Jan 2010 | Status: Member | 82 Posts
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
 
 
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