Hello everyone..I am new to forex trading but I have learnt quite a great deal about forex within this short while of trading.I am not a guru and I am not a pro..I am just a simple guy who loves forex and trying to make a living..I am only 1 year old in this business..I focus mainly on low risk and high reward trade setups because I believe they contribute to consistent profits in the long run..I have been playing with a strategy on the 1 minute chart for USD currency pairs and this strategy seems to catch 100 pips move quite easily with low risk..I have been testing this strategy for only a week on demo and results look impressive.I opened this thread for suggestions , criticisms and modifications to make this system even better than it seems..This is my first thread and hope we all benefit from this thread..Am i inviting everyone interested in 1minute scalping with low risk high reward to help test this strategy extensively so that together we can all optimize for better results.I have been testing with Stop loss=20pips Take profit=100pips...Lock in 20pips to breakeven if profit is 40pips but all these parameters can be modified for the best performance.Lets get on board and make this work..I have attached template and 365 moving crossover 200 alert....I think one problem with this strategy is that i will suffer in a ranging market but 1 win of 100pips can make up for 5losses.
Attached File(s)
MA crossover alert indicator.mq4
7 KB
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2,298 downloads
#100pips1MINCHART.tpl
3 KB
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1,876 downloads
#NEWCCIFILTER.tpl
12 KB
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1,314 downloads
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Uploaded Jan 20, 2017 9:27am
Goal of a successful trader is to make the best trades. Money is secondary