1minute 1 trade

This idea was only born 5 weeks ago

It was inspired by my endless strive to have a system that just trades once a day

My main system is doing well and this gives me the opportunity to fund other accounts

I must stress that all my trades are placed with spread betting companies which I rotate in order ..I feel this gives me more shadows to hide in.


The system uses a 1 min chart on EURUSD Ive not tried it on other swaps

The basics are

 

1. We identify the trend Euro open to UK open with a mechanical process
2. We then use 2 indicators to judge the best time to enter
3. We always risk 5% of the account as a stop loss
4. We always set our TP to 3 times our stop loss

Our risk reward is therefore 3:1

We can have 4 losers 1 winner in any given week and be down only 5% on the account

We can have 3 losers and 2 winners and be up 15% on the account

Over the last 5 weeks I have placed 25 trades

15 winners
10 losers

The winners gave me a gain of 225%
The losers gave me a loss of 50%

Overall gain without Money management gave me 175%

My actual gain using my money management was 488%

I will attempt to post rules and charts tomorrow PM..but please bear in mind I have only 5weeks of results

P

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You are addicted to develop new systems man..... let's us settle ourselves with ur previous systems first ....

Hope this will be good system like previous one's...

Waiting for more details

I'm sure there's a benefit to a 1 trade a day system. Less time, less stress, less is more. Waiting to see more.

Subscribed.
Paulus, you are a tremendous trader.

VERY interesting!

Keep talking!

Please dont forget only 25 days of data..this may well just blow up !!

Ive always like the idea of taking just 1 trade and shutting down for the day, whats the points of getting financial freedom only to spend your life sting in front of a PC for 8 hours a day on your own

Boredom kicks in, you start to gamble and play and suddenly the business plan is out the window money management is out the window risk control is out the window

Pretty soon the PC is out the window!

This system uses a very basic principle..Where’s the trend heading jump in on a retracement or rally. Very easy to say allot of traders try but when is the trend ending ? when technically has it started ? ..Hopefully we wont have to think about such things because that means analysing the market and speculation and that what im not into

What im into is finding an edge, winning more on the winners than I lose on the losers
Take every signal every day..

The system


Step 1


Open EURUSD
Set to 1min
Remove all clutter inc grid lines
We load …………Market_open_lines C
We set to the correct times find a source that tells you what times the market opens in you part of the world and apply to this indicator

We load a. …………Stochastic indicator 533 low/high simple
Set 3 lines 20 ,50 and 80
This will work with the MACD

We load the ……..MACD _ 4Z
The 4 colours help us enter
Remove all horizontal lines

Step 2


Using your market open lines draw a line from EUR open to Euro close it hasn’t got to be super accurate it has to give the general bias of the market

In this example the bias is up so we then draw a horizontal line on the low of the Euro session

If this is broken before we get a signal we then look for a short.If its not broken then we continue looking for a long trade

This is shown in Chart A

Step 3


We now need the MACD to go red this is going to help us find the best retracement
Within the period the MACD is red we need the Stochastic to be below 20

The vertical line in chart B shows this

Step 4


We now need the MACD bar to go from dark red to red as in chart C and we need the Stochastic to be below 50 at this point

Step 5


We set the TP and SL
The SL is always 5% of the bank
The TP is always 15% or 3 times the SL

I do this calculation when we are 30seconds into the entry candle , its not exact as I like to enter on bar close some times Im risking 6% others 4% but the maths tends to level out over several trades and gives and average of 5%

Also as Im using spread betting companies some times I cannot place my stop if its smaller than they allow so I have to watch and close manually. It’s the 1 draw back of 1 min trading

We do not move our stop …we either win 15% or lose 5% if you start moving your stop and you start getting 5% win or 8% wins you remove the advantage you have with the risk reward

This is shown in chart D

The next chart will show the mechanics of taking a trade in opposite direction to the bias when the High or Low line is broken…… all the info will be on the chart

My actual sequence results of the 25 days is as follows

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Please do not get hung up on losing trades its why we use RR of 5% if you want risk 1% that side of things is up to you

I started with £2,000 after 25 days I now have £9,773


Paulus

Interesting strategy , could u please clarify this :
I saw in your chart the trend (yellow line) is from euro open to london open ,but the instruction said euro open to euro close ? do i missed something ? Thanks a lot

thx Paulus

Hi, Paulus. Would you mind posting your results in mt4 detailed statement? It would be easier to understand your system if we could compare your trades with indicator signals at a specific time. Thanks

There is only 1 hour's difference between the Frankfurt open and the London open.

Your chart shows 2 hours difference.

Although its 5% of the account how do you determine the distance at which you place your sl? Is it just the swing low?

I think its like this: say you have 100 $ account. 5% of 100$ equals 5$. If you trade 0.1 lots, then your pip value is 1$ and your stop loss is 5 pips= 5$= 5%. If you trade 0.05 lots, then your pip value is 50 cents and your stop loss is 10 pips= 5$= 5%.

Thank you Paulus!

It looks very promising, I have to think it over.

Good question. I think Paulus needs to revisit this. His times are wrong and there are no instructions on placing the stop.

Hi,
I am a nubie in this trade and have blown away half my account. You know how agents hurry you into openning live accounts before you even know how to open/ close a trade. Your system here seems to be the simplest I have come across. My problem is with loading the MACD - 4Z. Is there a way I can re-set the existing one on my MT4 platform to give me the same results? Tried importing yours but instead everthing just disappeared.

Thanks a lot!!

Look at Chart D. His stoploss is placed below the last swing low. That is how Paulus always does his systems. He is using a fib. tool to mark his initial stop loss position and then to indicate the equal step up/down until he hits his desired take profit area (3x in this case).
Hope this helps.
gmcc

That is correct my sl is always a couple pips above or below the swing low

The distance from the swing lo or hi to my actual fill determines how much per point I can trade as long as I do not go over my 5%

eg

Account size £1000
5% = £50

Swing low to actual fill ( approx)= 12 pips
Therfore I place a trade at £4 per pip

If I lose I lose £48 if i win I win £48 x 3 ( 15%)

P

I cannot do that all my trades are placed with spread betting firms I use MT4 only for charts

P

Make sure you save it to C.prog files.MT4.experts.indicators

Close then re open mt4

i like the mechanical approach to trend determination, will definitely be testing this strategy out!

thanks paulus, always enjoy your posts