i.e. only computer can trade that fast
if you use any manual thinking system, you will loss (much higher probability -- not to mention , broker make more of your money by getting bigger spread or unfavor rate during fast movement)
One man's meat is another man's poison?
Absolutely, you are right!
The 10 sec-Strategy isn't made for all market conditions. You have to get out before news enter the market and brokers are offering bigger spreads. Then it' might be better to turn on 1 min or 5 min TF's.
In normal market conditions Oanda prefere on EUR/USD 1.5 spread.
The 10-sec.Strategy is a behavioral trading strategy.
You haven't make up your mind about the market.
Don't think about market movements, you haven't the time for it. Look solely forward at price movement. (not that much by 1 min TF).
Your task is to be responsive to the price movement for the limited purpose.
On live accoun it's not possible to make 10s trade.
You are wellcome.
See this week and the following ones,..., the results posted here on this threat. It's going well,..., of course.
The advantage on 1 min TF is, you have enough time monitoring several currencies and traded them at one time,whereas 10sec-trading (on a less positive note) to give it a miss,..., and then only EUR/USD.
It's my belief that this system is "MTF compatible". You'll get nice advantages on 10sec, also 1min, 5min, 15min and 30 min, also 1h, 4h 1 day TF's by setting different MM's. Follow illustrative example: Oanda Account 205153 or Accountno. 224845 (USD) next days and weeks.
Timeframe: 10 sec, 30 sec., 1 min, 5 min, 15 min, 30 min, 1h, 3h, 4h, 1 day, 1 week
Exception to the rule: 10 sec TF - only EUR/USD
Indicators: EMA: 9, 20, 55, 120
Enter/Exit: when bars crosses EMA 9
Hold: when EMA 9 20 (bullish)
Results: Demo Account 100'000.- $ from sept. 08-2009 - Account Number: 224845 (USD)
It's look like very simple TS, i'm really like trading on 1M. Could you explain how we see the major trend of these Ma.
sorry about my english
The best pictures of major trend are: EMA 9 > 20 > 55 > 120 or EMA 9 < 20 < 55 < 120.
But when there (line order) is coming up and you trade 1-min often prices changes. See the picture below, please and be aware USD/JPY at 92.12. All lines there are in the right way, but in 1-min trading price movement often run counter.
Great advantage: When you prefere to trade 1-min TF, you'll get the benefit trading different currencies simultaneously,..., and for global trend you can also betimes change TF to 5 min, 15 min, maybe 30 min which give you a good overview, too.
Applied on the picture below - 1-min-Strategy - I would go out with GBP/JPY at 152.49 EUR/USD at 1.4580 and USD/JPY at 92.19. EUR/JPY doesn't present a trading chance at the same markettime,.., and now waiting where market is going on. (One point moreover: the marketplace here have had several pivot points).
Good Luck and hope this helps!
continuation of text:
Favoring 1-min-trading there is EMA 55 important, too, see picture below whithin an uptrend (supportline).
EMA-4-MTF, EURUSD, 10-sec., 21h14 GMT+1
Sharp increase. Take profits at 1.4554 and wait for next entry points (buy/sell). Take a look at 1 min, 5 min charts by the way.