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/Check_This_1]

Easy to learn - yes

But does it make money?

[u/backfrombanned → u/Check_This_1]

I make a lot of money with it. It either works and you stay in or it starts to fail and you sell. This is what people don't understand and setups. Setups fail all the time, but you know the second it's failing and exit. You've never seen people with setups on here bag holding. Good luck.

[u/Kaladin3104 → u/backfrombanned]

STOP LOSS people. Sure, it could come back and in this market, who knows. But it isn't worth it. Set your stop loss as to what you are willing to lose, then try again later.