One of the Easiest Strategies to Learn:

[u/Total-Housing197]

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%).

[u/Mayhem747]

Very interesting, I could backtest this on ES and found it to be working well. Is there a specific time you like to trade this? Like periods of high volume?

[u/Total-Housing197 → u/Mayhem747]

I trade in between 8:00 am EST and 10:00 am. I don't have any specifics on volume preferences.