Just wanted to share an email i received re 1minutedaily from someone who has been using this system for over 12 months. For more info on the system please click here
I’ve just stumbled across your website and was interested to see you have started evaluating the 1 Minute Daily strategy.
I have been trading this strategy for over 12 months now, and have had great success with it. In fact, its now my core strategy.
FYI, I only trade GBP/USD and EUR/JPY, and I have found these are the best pairs. I also use the originally time of 7.00 GMT (not the revised 9.00AM in the book, as often you can miss the start of the big moves). Otherwise, I trade it straight from the book. The trick is to never close an open order (you only cancel an order if the opposite order hits TP).
Very often it takes a couple of days for the TP to be hit. The only other tweak I occassionally do is to monitor price action when price comes near to the TP. If I see any reversal patterns form on the 5 minute chart, I might close 75% of my position.In the long term this strategy is excellent (I average over 1% per day ROI).
Hope you find this information useful.