After testing the 1 Minute Daily system for a couple of months I would have say that I won’t recommend this system to my subscribers anymore. The 1:1 risk/reward ratio looks good on paper, but when you have multiple losses in a row it quickly eats into your capital.
I had a reasonable success rate with this system, but my balance kept on declining and I ultimately made a loss. The 1 Mintue Daily system was very profitable in 2009, but most users report that it’s been struggling as of late. The idea of a 1 Minute Daily system is good in theory, but in the end I believe that this system is just a little too simple.
Before you go and spend $100 on this I would rather recommend that you spend a few dollars extra and get Hector Deville’s Learn Forex Live course. It containt multiple trading strategies, including a “10 minutes a day” type strategy that uses the daily charts. The difference is that Hector’s strategies relies on price action and not simple range breakouts.
Pingback: 1 Minute Daily Forex System - My Overview and Review