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.

Click Here to Visit the Learn Forex Live Course

I buy and test a lof of Forex systems every year and to be honest, most of the time I am disappointed by what I find. The sales letters always look amazing but once you have purchased and start trading with the system you soon find that the product doesn’t deliver on these promises.

When a friend told me about the new 1 Minute Daily system I naturally didn’t expect much, but I was pleasantly surprised by what I found. Their website has none of the usual hype and unrealistic promises that most Forex products seem to have these days. Instead it contains a basic overview of the system, detailed forward and back testing reports and even a copy of the system’s table of contents.

Click Here to Buy The 1 Minute Daily System + True Money Management Bonus Package

Next I visited the FPA website to look for some real customer feedback about this product and I was amazed to find that they have more than 20 positive reviews, with an overall 5 star rating. This in itself is a great vote of confidence, because the FPA website is highly moderated and very strict. So I decided to purchase the product and test it for myself.

The basic 1 Minute Daily system is very easy to use and it truly requires only 1 Minute a day in front of the charts. You can use this method with any broker, but they provide some custom indicators for Metatrader to help you better visualize the trades. You don’t have to use these indicators though, it’s just one of the bonuses they offer. The trading system was developed for the GBPUSD currency, but they are already testing it on other currencies as well. One of the bonuses you receive is a detailed money management that they call “True Money Management“, which I think is a great add-on for the product.

Click Here for the 1 Minute Daily System + True Money Management Bonus Package

Perhaps the best thing about this product is the fact that the package also includes an Expert Advisor (ie. Forex robot), which is programmed to trade according to the exact rules of the manual system. So what you in fact receive is a complete manual trading system as well as a Forex robot, all for less than $100. The Expert Advisor is not something that they just quickly hacked together either..it has various parameters and it’s every bit as advanced as most of the commercial robots on the market. The great thing about this EA though is that you know exactly how it works..it’s not a black box system at all.

Is the 1 Minute Daily system profitable? So far I’ve only been testing the Expert Advisor on a demo account, but it’s been very profitable so far. The risk:reward ratio is very acceptable, the average winning trade is around 100 pips and there is at least 1 trade per day, so there is definitely no lack of action. I’ve also been very impressed with the support they provide..I’ve emailed them with questions a couple of times and every time I received a personal response from either Tim or Julie (the creators of this system).

At the current price of $86 I really think this is a no-brainer. It also has a 60 day full moneyback guarantee via Clickbank, so if you aren’t satisfied with the results, you can easily get your money back. I’ll definitely recommend that you go through their True Money Management bonus as well (which you can get with the link below).

Click Here for the 1 Minute Daily System + True Money Management Bonus Package

Since so many people have begun trading that really only have a cursory understanding of how the Forex markets work, the strategies themselves have become valuable and proprietary assets which can be bought and sold in their own right. As a consequence there has emerged an entire market of “black box” trading robots, which use a particular strategy and based their actions on particular indicators, but the strategy and indicators are not revealed to the user. Therefore a new trader using a black box system may or may not make money based on its performance, but he will never know how the program worked and not learn anything new about Forex by using it. In fact, since there are so many people selling basically the same strategies under different names, doing so through a black box trading robot is a great way to disguise this fact.

I was recently asked if the 1 Minute Daily System was just another black box system selling some mystery strategy that might or might not work. This was easy enough to answer: No! In fact it is the exact opposite of a black box system since the entire strategy – along with all of the relevant indicators – are provided when the system is purchased. Further, although the 1 Minute Daily System does come with its own trading robot that operates on this strategy, the company specifically recommends that new users trade manually with the system first just to learn how it works and understand the process before turning it over to the robot. If nothing else this will help the user understand what perimeters to use and what currency pairs seem most promising.

Click Here to Learn More About the 1 Minute Daily System

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.

Click Here to Learn More About the 1 Minute Daily System