I understand it has been said and done before. Use small targets with big stops. Yes, it is unconventional thinking since it does not adhere to logical risk/reward ratio but, beyond handling risk, there isn't a definitive right and wrong.
This method is simple and quite similar to one that gave me a 90% success rate. I foolishly left that method years back because of one bad trade. The trade ended up being bad because I didn't stick to the egy.
Since thenI made several attempts to exchange with my very own and borrowed methods. All of that made money a few of this time but dropped over the course of several months.
Thus, here it is;
1. Simply trade CHF/JPY - This pair does fad but it will be a lower risk volatile pair. Other pairs will work but they fad more and this method is predied on ching little price movements over time, not trends.
2. Risk/Reward is inverted - Risk 5 for the benefit of 1. I have been operating with smaller time frames but using larger time frames will get the job done.
3. Never enter at market price - 99% of the time there are a few more pips to be had equivalent to or more than the spread.
4. Use an oscillator for a trigger - I utilize a standard stochastic.
I intend on posting outline at the end of each week.