Hi everyone, this is my first time posting in this Forum as i have just been testing some methods and indicators.
This is something that iv just been playing around with and having great results with and hoping that im not the only person maybe its just a fluke i dont know lol
I can thank Byron88 for the indicator as i got it from his simple 1 hour trading thread (which also produced great results for me) so all thumbs up goes to him.
Im only using 2 indicators
Also a clock as you have to be very very quick to enter trade.
Now you have to be very very quick (unless someone can automate it lol) very tiring on the eyes doing this.
Using Candle chart 1M
We wait for the signal to come in
Blue Dot Call for 60 seconds
Red Dot put for 60 seconds
Now dont hesitate as soon as it comes in you take the trade so have the trade set up and all ready to go with your mouse pointing over it waiting.
So far iv had results of
First session 12/1 Loss was the 13th trade
Second session 5/1 Loss was the 6th trade
Third session 7/1 Loss was the 8th trade
Forth session 3/1 Loss was the 4rd trade
Now if you use money management this makes it even better with reverse martingale
My broker highlow.net offers 90%
So lets say i start off with $100 as im from Australia.
Trade 1 $100
Trade 2 $100
Trade 3 $190
Trade 4 $361
Trade 5 $685
So 5 trades now notice the trade 1 and 2 are the same so even if you lose (Providing you win the first one of course) you will only lose $10 not $100
and if you get all 5 you take home $1300 you can choose to keep going to 7 or 10 trades it up to you or you can even choose 3 trades to better your odds.
Now i know it may not work out the same for everyone everyone has different mentality and you need to be able to push that button no matter what but im interested to see how everyone else goes with this as im doing very well with this. If someone could automate it to take away the fear from pushing the button because al it takes is a split second and you could lose the trade.
Anyway i hope someone finds this interesting at the least and if it works for someone else then even better.
Iv also attached an image as i did not know how to add it.
Try it on a demo account first!