Forex 1 Min Trader Trading System By Joshua Richardson!on November 3, 2011 at 11:46 am
Forex 1 Min Trader Trading System has been developed by Joshua Richardson to trade solely on the 1 minute charts. Forex 1 Min Trader Trading System uses a tight stop loss that is less than 10 pips to make trades with a reward to risk 1:1, 3:1 and even 5:1 to target upto 100-200 pips daily. Trading on 1 minute charts is not easy as the price action moves very fast on the 1 minute chart. The noise is also high on the 1 minute charts. What this means is that the probability of getting false signals is always high on the one minute charts. So what you need is a system that filters out false signals so that your chance of making a losing trade is reduced. This 1 minute trading system is very easy and simple to follow. This system basically uses two custom indicators:
1. 1 Min Power Mountain indicator
2. 1 Min Power Line indicator
Joshua Richardson explains his Forex 1 Minute Trading System in a step by step manner with charts and explains in clear manner when you should enter into a trade and when you should avoid entering into a trade in a choppy market. You only need the above two custom indicators to trade on the 1 minute charts. The win rate can be as high as 90-95%. Risk and money management rules are clearly defined so that the reward to risk ratio is always high. This system gives clear entry and exit signals. The exit is predefined so you don’t have to worry and watch the charts once you enter into a trade.
Testing Forex 1 Minute Trader Trading System
The good thing about 1 minute charts is that you get many trading signals on these charts. If you have a way to reduce the number of false signals, you can trade on 1 minute charts profitably. 1 Minute charts are mostly used for scalping. This system uses two custom indicators as stated above. The stop loss is always tight and less than 10 pips while the profit target can be 18-30 pips per trade. You can use this system to make multiple trades daily anytime you want. If you get interested, you can test drive this system for a period of 60 days as it has got no questions asked 60 days money back guarantee period. First trade it on your demo account for a period of 1 month and see how the system performs. If it works well on the demo account, open a mini account with a deposit of $250. Now, test this system on a live account with a lot size setting of 0.01. Using this low lot size settings means that losing 1o pips will only mean losing $1. At the end of two months, do an audit of the system and see how much easy this system is to trade and what was the overall win rate during two months of trading (one month on the demo account and one month on the live account). If the win rate is more than 85%, keep the system otherwize get a refund on the Forex 1 Minute Trader Trading System.