The Academy of Forex
DP Roberts tests a one minute trading strategy with two indicators: turtle Channel and a zero lag SMA, but the results were not profitable. Roberts recommends checking out their proven and improved trading strategy on their channel.
Testing a One Minute Scalping Trading Strategy: Is it Worthwhile?
Introduction: Who is DP Roberts and What is the Purpose of the Video?
DP Roberts is someone who has dedicated years to testing several trading indicators and strategies, compiling all that information into spreadsheets, and creating a profitable strategy with custom indicators. His goal is to help his viewers become profitable traders and provide them access to private indicators and spreadsheets of hundreds of tested indicators as Patreon members. The video aims to test a one minute scalping trading strategy that claims to be one of the most accurate strategies in Tradingview.
The One Minute Scalping Trading Strategy and its Indicators
The one minute scalping trading strategy consists of two different indicators- the turtle channel indicator and the zero lag SMA indicator. In the video, DP Roberts shows the indicators and explains their roles in the strategy. He does a 50 trade test to see if the strategy is worthwhile.
Test Results of the One Minute Scalping Trading Strategy
After doing the 50 trade test, DP Roberts reveals that the strategy is not profitable, stating that it resulted in 17 winning trades and 33 losing trades. The source video did not include a risk-to-reward ratio, did not mention where to place stops, and only gave long and short entry setups. DP Roberts did mention that he used a basic stop and a one-to-one risk-to-reward ratio to keep it conservative, but the strategy did not produce profitable results.
DP Roberts’ Experience with Turtle Trading and Recommendations
DP Roberts stated that he has played around with turtle trading strategies before and had never found much success with them. He suggests that maybe he hasn’t found the right one yet, but his experience has been problematic. As an alternative, DP Roberts recommends his tested, proven, and profitable trading strategy that his viewers can access through the link at the end of the video.
Conclusion
In conclusion, the one minute scalping trading strategy did not produce profitable results during DP Roberts’ 50 trade test. DP Roberts suggests finding an alternative strategy and recommends his own profitable trading strategy that is continually being optimized and tested in different markets and assets. Trading is a competitive space, and the best way to succeed is by continually researching and testing strategies.
