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  1. #1
    Rookie Member

    5 min No Brain Strategy !!!

    Yes, I've figured this out just now, (haven't been tested enough) but good results so far...I call it "5 min No Brain Strategy"...this is how it works:

    Zoom in on the minimum timeframe (30min)... then 2 conditions must be true.

    1) It's a positive or negative trend
    2) the current trend is same as the general trend within this 30min timeframe (positive or negative)

    (How the chart looks in a larger timeframe is irrelevant, only the last 30 min matters)

    OK, so what i do; Zoom in to 30 min timeframe for every option and see if these two conditions are true, if so, then buy that option; Following trend

    No trade on neutral trends, or trends that shift direction.

    I buy all the 5min options fullfulling these conditions. (minimum price)

    Good results so far, but need more testing! Actually I've made 200$ in half an hour...(demoaccount) beginners luck? ^^
    Last edited by ignatus; 04-05-2013 at 08:21 PM.

  2. #2
    Active Member
    define 'current trend'.. what timeframe are you looking at for the 'current trend'. A chart to depict what you are talking about would help. Also keep testing this (on the DEMO account) and report back with your results. Don't be afraid to admit defeat if things go south, you will only be helping yourself and everyone else in that case.

    Good luck!

  3. #3
    Specialist Member RCox's Avatar
    Quote Originally Posted by spiderbyte87 View Post
    define 'current trend'.. what timeframe are you looking at for the 'current trend'. A chart to depict what you are talking about would help.
    Yes, exactly. People don't seem to understand how irritating it is when the response only says things like "the trend is up/down." It's a completely meaningless statement. Even when the time frame is explained, there still needs to be an argument for WHY the trend is up or down.

    There are no "facts" in technical analysis, only interpretations.

  4. #4
    Rookie Member
    Trend cannot be misinterpeted. Either it's up or down or neutral. A clear up or downtrend within a 30min timeframe togheter with the current trend, (same direction).... I will trade this whole day when the maket opens this strategy and report my results. Yes,...I have burned 4-5 accounts by this time...so it will be obvious if this trend change now

  5. #5
    Specialist Member RCox's Avatar
    Quote Originally Posted by ignatus View Post
    Trend cannot be misinterpeted. Either it's up or down or neutral. A clear up or downtrend within a 30min timeframe togheter with the current trend, (same direction).... I will trade this whole day when the maket opens this strategy and report my results. Yes,...I have burned 4-5 accounts by this time...so it will be obvious if this trend change now
    Of course a trend can be "misinterpreted." Two people can look at the same chart and see completely different scenarios.

  6. #6
    Master Member Bogdan G's Avatar
    Quote Originally Posted by ignatus View Post
    Trend cannot be misinterpeted. Either it's up or down or neutral. A clear up or downtrend within a 30min timeframe togheter with the current trend, (same direction).... I will trade this whole day when the maket opens this strategy and report my results. Yes,...I have burned 4-5 accounts by this time...so it will be obvious if this trend change now
    Mate, you are just yapping things both me and Richard know are wrong, but u think u figured out the chart's movement.
    A trend cannot be misinterpreted...oh realllly? If you found a way to interpret it right all the time, then good for you but I doubt it.
    The name fits the strategy

  7. #7
    Senior Member linda_fx's Avatar
    Quote Originally Posted by Bogdan G View Post
    The name fits the strategy
    Haha Totally agree Bogdan! When it comes to such junk strategies I was always wondering what amazing names gave them their authors

  8. #8
    Master Member Bogdan G's Avatar
    Lol, true. How's the business going, Linda? Hope it's all you wanted it to be
    All the best

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