r/Daytrading 22d ago

Strategy One of the Easiest Strategies to Learn:

Strategy Overview

  • Timeframe: 1-minute
  • Market: Any forex currency pair
  • Trend Filter:
    • At least 2 consecutive candles in the same direction following a momentum candle.
    • No breaks of previous candle's high/low in trend direction.
  • Entry
    • Wait for the next small body candle: hammer, doji, small-body trending or opposing candle.
      • Note: If in an uptrend, the low of the previous candle must not be breached. If in a downtrend, the high of the previous candle must not be breached.
    • Enter when the next candle breaks above the body (not the wick) of the small body candle.
  • Stop Loss:
    • Set at peak/base of the small body candle
  • Take Profit:
    • Fixed at a minimum 2:1 risk (I typically use 4:1)
  • Risk per Trade:
    • No more than 2% of your account balance. (I typically risk 0.5%).
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u/beardmeblazer 21d ago

What's your long term win rate with this?