Realistically, no, you will probably have to spend more than one minute a day using your trading system, especially in the beginning when you are still learning how it all works. Further, even once you have it all set up and running properly, it is very likely that you will want to spend more time checking your progress and seeing what other opportunities are available. Nevertheless, the system can be operated just fine while taking up very little of your time and if you opt to use the DailyEA – the program’s automated trading bot – it may be faster.
Like many of the strategy-specific trading systems on the market today, the 1 Minute Daily System is based on the MetaTrader4 platform. This means that any user will have to already have to use this platform and will have to use a broker that supports MetaTrader4. Luckily, there is no lack of brokers supporting this platform, so this should not be too much of a problem for most people. Further, though most of the system’s indicators are based on MetaTrader4, it is entirely possible to use the fundamental system without these specific indicators, though that would probably a little more time consuming.
If you are really set on the whole 1 Minute a Day concept and really have no more time to invest in the project, you will probably want to use the DailyEA, the program’s automated trading robot that is designed to trade on the same basic strategy as the manual 1 Minute Daily program. The DailyEA bot is easy to install and comes with comprehensive information about the appropriate indicators and settings. The developers of the 1 Minute Daily System specifically recommends that new users should trade manually at first just to learn the system, but one can expect this to take more time.
Obviously when dealing with a fairly simple system that takes very little time to operate and requires only a little education the most logical follow up questions relate to the system’s effectiveness. That is, if it is so simple and easy, does it work? In a word, yes, it has worked for a quite a few people over the last year or two. The website claims a 6,119% increase in value since 2007, but there are also a lot of independent reviews to be found online and many of these appear to suggest decent returns as well. Of course, there are also stories of people making nothing, but at least with this system you will learn the specific mechanics of how it works and may be able to slightly adapt the strategy to the current market conditions.
