Table Of Contents
Chapter I: Introduction
I.1. The winning strategy is the simplest one
Most people try to succeed at Forex Trading with the help of sophisticated software and extremely complicated trading strategies. They sit in front of a computer screen all the day, but they still end up with losing trades. There are also some lazy traders who trade a simple pattern once a day. They wake up, send an order to their broker in one minute and go swimming. They earn thousands every day and we call them top traders. What a joke!
I.2. Why most traders fail to profit from breakouts
It is true that breakout strategy is a gold mine. The problem is that many traders chase the market blindly without any proven strategy.
I.3. The smart solution
After years of trading and testing, we must tell you there is no way to filter out all false breakouts. But there is another, smarter way to deal with breakouts. You need a solution based on an idea and a model that works and has been proven to work.
Chapter II: Our proprietary indicators
II.1. Indicators: use them carefully
Do not forget that indicators are derived from price. You need to follow a system that you fully understand. You need confidence that your system will never fail and let you down in the future. That is possible only if you follow a system based on a fundamentally sound theory, not one randomly created from following indicators without understanding them. We will teach you a system based on fundamentally sound market mechanics.
II.2. Chart set-up
A step by step manual showing you how to install and use our proprietary indicators even if you are a MetaTrader novice.
Chapter III: Entry & Exit rule
III.1. Define the breakout area exactly
Remove any subjective patterns from your trading decisions.
III.2. Single order
Let's start explaining our system with a single order.
III.3. Sophisticated orders
Our sophisticated order consists of single orders. Place them in a minute.
III.4. Practical implementation: Place your orders and leave.
Send an order to your broker and enjoy your life!
III.5. Pay the spread
Every time you open a position, you have to pay the spread between the Bid and Ask price. You can kill off the spread and gain an additional small profit.
Chapter IV: Trade filtering
IV.1. Time filter
When to cancel pending orders that were not filled? A detailed example.
IV.2. Wave filter
An optional advanced filter that boosts profits.
IV.3. News filter
The big news that can affect your strategy.
Chapter V: Consistency and the math behind it
Let's divide all possible situations into four classes and prove that our strategy works.
Chapter VI: Examples
Suddenly, everything becomes clear. Several screenshots with descriptions are more that 100 words.
Chapter VII: Full backtest: 6119% in two years
VII.1. How to test a strategy
Unlike other complex strategies and scalping systems, our strategy can be easily tested on historical data.
The account equity gives us much more information than the total profit number.
VII.3. Backtesting results for different entry times
Let's find the most effective entry time value. The two years backtesting results show us that our 1MinuteDaily strategy is consistent and really powerful.
VII.4. Results with True Money Management risking 5% per trade
We made much more money trading the same strategy (!), but applying the True Money Management.
VII.5. Better results with True Money Management
Since the True Money Management is a conservative trading approach, it is normal to risk more. The results are impressive. Working just one minute daily and making 61-times in two years is a dream of every small trader. Except, it's not a dream, it's reality!
VII.6. A little more work: far better results
You have learned the basic mechanical strategy. Using these tips and great techniques including the smart Stop Loss, you could make even more money.
Chapter VIII: Update!
VIII.1. Forex systems: Watch out for "thin ice"
There are so many "perfect" Forex systems out there. Many traders are trying to follow a system that has been over-optimized. An over-optimized system works perfectly on historical data, but fails on new data. Now, let's talk in general about how to avoid over-optimization when creating a Forex system.
VIII.2. How to trade USD/JPY and GBP/JPY one minute daily
When London wakes up, the other markets become affected.
VIII.3. Updated results
Conclusion: GBP/USD is still doing very well indeed. Moreover, the performance has increased dramatically as compared to the previous results (from 1761.5% to 6074.6%). Congratulations to all traders who made a profit!