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1MinuteDaily.com

Discussion in 'Trading Systems' started by Administrator, Nov 2, 2009.

  1. Richard1973

    Richard1973 Recruit

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    ?Metatrader reference

    I trade with IGIndex.
    Can I use this system with them?
    I notice that I have to give a metatrader account number when purchasing this but to the best of my knowledge I don't have one?
    Please forgive my ignorance but can you clear things up for me please?
     
  2. 1MinuteDaily Support Team

    1MinuteDaily Support Team 1MinuteDaily.com Representative

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    The indicator is developed for MetaTrader 4. For more information, check this out:
    Trade Forex 1 Minute Daily
    You can simply download the MetaTrader platform and get a demo account for free in just a minute. We give a step by step manual how to install the indicators even if you are a Metatrader novice. The indicator is used to show the entry, stoploss and profit target in the chart. You can use any other platform for executing the trades.

    Wishing you success!
     
  3. marquesmaiden

    marquesmaiden Private, 1st Class

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    Trade Friday's with 1 minute daily.

    Hello,
    i've bought this system two days ago and already had the first positive results. After reading the manual and installing i've came up with a question. Is it safe to open orders in Friday's?

    Thanks.
     
  4. 1MinuteDaily Support Team

    1MinuteDaily Support Team 1MinuteDaily.com Representative

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    Yes, we recommend to open orders on Fridays except the day when the NFP (Non-Farm Payroll) is released.
     
  5. gavinyv

    gavinyv Recruit

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    Time frame question

    Hi is there a best time to trade this strategy? as set my alarm for 8:30am GMT for GBPUSD today, and noticed the market had already started moving. Is there a best time frame for the bars ie 5m/15m/1hr/4hr ???

    regards

    Gavin
     
  6. Agam

    Agam Recruit

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    I coded this system and backtest of 2 years in GBPUSD with True MM at 5% give profit of 311,28% but but ....but .... 56,99% of Draw down !!!!
     
  7. 1MinuteDaily Support Team

    1MinuteDaily Support Team 1MinuteDaily.com Representative

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    From our experience, the 9:00 (London time) is an optimum value over the long run.
    For queries about the strategy details, please, use the support form:
    1MinuteDaily Support

    1MinuteDaily is independent on time-frame, it is only about precise timing. We recommend the 15-minute chart for reading, but it's just a preference.

    The drawdown can be minimized by setting money management % to a more conservative value. The best money management style is to change the lot size after a few trades, for example, every week or two. This approach is something between the True MM and trading with fixed lot size.
    --
    We recommend to trade any strategy manually to get a feeling about the market. The presented results come from pure mechanical trading. Every trader can achieve almost equal results. Using the techniques described in the book, traders can overcome the mechanical results many times. We get positive feedbacks from traders that can profit even if there is a loss with the original system.
     
  8. 1MinuteDaily Support Team

    1MinuteDaily Support Team 1MinuteDaily.com Representative

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    Latest Results For The Year 2010

    [​IMG]

    This is the last three months live result till now. The presented results come from pure mechanical trading with a very simple system. Every trader can achieve almost equal results. Using the techniques described in the book, traders can overcome the mechanical results many times. We get positive feedbacks from traders that can profit even if there is a loss with the original system.
     
  9. tony71

    tony71 Recruit

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    http://www.magicbreakout.com/MagicBreakout.pdf

    Hello,

    I'm really interested in your system but I did some research and I found out
    you also have a site called magicbreakout.com

    How come you have two different websites marketing the same products with different names?

    http://www.magicbreakout.com/MagicBreakout.pdf

    Thanks,

    Tony
     
  10. 1MinuteDaily Support Team

    1MinuteDaily Support Team 1MinuteDaily.com Representative

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    MagicBreakout and 1MinuteDaily are completely unique systems.
    For beginners, we recommend to focus to what suits their trading style better.

    The MagicBreakout is a trend-following system that can be used with any currency pair and any time-frame.
    1MinuteDaily is independent on time-frame, it is only about precise timing.

    The systems differ in the win/loss characteristics.
    Trading 1MinuteDaily, the win/loss ratio is 1:1 according to the profit target and stoploss. The profits come from the greater winning percentage.
    Trading MagicBreakout, there is a lower winning percentage, but the winners can be much bigger than losers.

    With MagicBreakout, traders exit at Fibonacci levels (a bit subjective about the swing low/high points) or Price/UpperWave crossover. Some traders move the stoploss more frequently, some exit the trend on divergence pattern. Most traders filter the trades given by the mechanical system as described in Chapter VII: How to trade with the trend.

    Because 1MinuteDaily is independent on time-frame, every trader achieves almost equal results.
     
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