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Attachments: M1 Countertrend Scalping Strategy
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M1 Countertrend Scalping Strategy

EA Summary = see screenprint
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EA using TSL.
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M1 EA Test with TSL.
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Quoting Abade
24 Wins in a Row Challenge Instructions: 1) Install Cpfleger's template found in post #1,206. 2) Install the 24_Wins_In_A_Row_Challenge_Tool.ex under "Experts" folder and attach to chart (you don't need to change any settings). 3) Ensure the "AutoTrading" option is enabled in your platform: {image} 4) Open a new demo account using $100 USD balance with max leverage. The minimum leverage you need is 500:1 (more = better for this experiment). WARNING: Demo/Experimental only! Do not risk more than $100 USD as the initial balance. 5) When you see a...
Challenge accepted

First trade:
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amrhamdy,
nice one...
cpfleger
Quoting cpfleger
Gents, no one trading or not screenprinting their trades??? cpfleger
well if you insist!

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i only plan to show my worst trades and methods used to recover them to discuss mindset during the recovery period, which hasn't occurred since my 100 pip battle with the aususd the other day a few pages back, it's been fun in the spa since then!
every minute matters!
Be careful with trading today, NFP coming up...
https://www.forexfactory.com/calendar#detail=129724
USD will be so bullish
Olarion1975,
One of my old Mentors use to trade the NFP only per month, most retail traders hate NFP but if you watch KoF Video's like I said on page 1 you will see all News is Good Volume and without Volume you have no Market... I welcome the NFP, place 2 pending orders 10 pips apart (1 Buy and 1 Sell) or comply with the KoF Video.
cpfleger
Separate EA Test
Stripped down Chart due to the fact there is no need for Volume, RSI, and Arrows since the 24 Wins EA is based around the 20 EMA.
Kept SupDem Indicator to define tops and bottoms (potential entry points) and added a second Chart to enable the second Autoscaler EA.
cpfleger
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Quoting cpfleger
Olarion1975, One of my old Mentors use to trade the NFP only per month, most retail traders hate NFP but if you watch KoF Video's like I said on page 1 you will see all News is Good Volume and without Volume you have no Market... I welcome the NFP, place 2 pending orders 10 pips apart (1 Buy and 1 Sell) or comply with the KoF Video. cpfleger
cpfleger, thanks for your comments. Which pair would you use for the bracket order? EURUSD?
niks,
nice one.
cpfleger
2nd Trade:
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Result:
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Ok, I learned a new thing from this trade
I will set a new constrain on my entries
Olarion1975,
any USD - make pending orders and not market orders.
cpfleger
amrhamdy,
re-read my posts as I have experienced the 24 Wins EA, I have been playing with different TF's and SL percentages...
cpfleger
Quoting cpfleger
Olarion1975, any USD - make pending orders and not market orders. cpfleger
OK. Do you set SL for the orders?
Olarion1975,
The Market will move very fast, set a TP with a small lot size since this is your first attempt, TP should be 10 pips or more. The theory is the Market will go up or down quickly, open the pending order and go straight to the 10 Pip TP. The Market will eventually resume usually within 30 minutes.
cpfleger
NFP and Autoscaler EA..... Friday paycheck for a retired man...
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been away for a day .... a lot of catching up to do it seems
veni vidi vici
Everyone have a great weekend, beer time.
cpfleger
5 traders viewing now, 2 are members:
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