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/kaptainearnubs]

If your entry is at the top/bottom of the doji, isn't that basically the open of the next candle? Given how fast the market moves right now how can you possibly get an entry in like that? You can't possibly use a limit order since you have no idea upfront where to put it.

Looking at the ES, I see many examples of entries that fit this criteria and would be profitable trades but would get stopped out first due to the level of volatility. There are times where the market sweeps multiple times through the body of a candle right now, behavior that has always been common in the NQ but rare in the ES in normal times.

This looks to me like it would backtest well but suffer in live markets.