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M1 Countertrend Scalping Strategy

  • #21
  • Nov 21, 2022 1:19am Nov 21, 2022 1:19am
Redsub,
Who said its the 1% Strategy??? Its called the EMA Strategy, check out Kof Youtube video's. And everything returns to the median, Indicators are all based on mathematics. cpfleger
  • #22
  • Nov 21, 2022 2:55am Nov 21, 2022 2:55am
Quoting Redsub
This isn’t the Kings 1% strategy anyway. Totally the opposite. Eventually it won’t return to the ma’s
Yes you are right.

on YouTube it's counter trend or reversal - But 1% is pro trend so what ever you do on this just do opposite, keep adding position to trend until either negative balance or return to 200 MA.
  • #23
  • Nov 21, 2022 7:44am Nov 21, 2022 7:44am
Quoting Redsub
This isn’t the Kings 1% strategy anyway. Totally the opposite. Eventually it won’t return to the ma’s
try the system before you comment,using this together with my trend trading strategy
Watch me trade Live on YouTube
  • #24
  • Nov 21, 2022 4:17pm Nov 21, 2022 4:17pm
Quoting Redsub
This isn’t the Kings 1% strategy anyway. Totally the opposite. Eventually it won’t return to the ma’s
But price DOES return to the ma's sooner or later, unless they glitch. A better question is how big and how often you get the big loss(es)? And what's the best way to manage/prevent those "tail" events.
  • #25
  • Edited 10:50pm Nov 21, 2022 8:15pm | Edited 10:50pm
Quoting Abade
{quote} But price DOES return to the ma's sooner or later, unless they glitch. A better question is how big and how often you get the big loss(es)? And what's the best way to manage/prevent those "tail" events.
These BIG losses are inevitable every now and then.

An idea would be - trying - to trade this strategy between the losses only. Set a demo account and trade until you get the first big loss ... then and only then switch to LIVE account get some profits then switch back to demo and so on ... Of course you will get some losses on live but they should be less times than trading the whole time on live.

There's no technical logic in the above BTW!
MT4/MT5 EAs/Indicators/Alerts coder
  • #26
  • Nov 22, 2022 8:10am Nov 22, 2022 8:10am
Do you guys have a script or EA that closes all open positions all at once? or if target profit (might be a variable value) is reached to have the EA automatically close?
This would help tremendously the slow guys like me cuz if I have to hit close on say 12 open positions the positions might be in a loss as opened to in a profit by the time I am done closing them

Thanks for all the help and I appreciate this thread very much
  • #27
  • Nov 22, 2022 8:22am Nov 22, 2022 8:22am
It nice to see that the majority of you have or have not watched any of KoF Youtube video's, you would see the technical logic of the EMAs and the reason no script or EAs have been introduced, but maybe I have learned where others have failed. cpfleger
  • #28
  • Nov 22, 2022 9:31am Nov 22, 2022 9:31am
Quoting cpfleger
It nice to see that the majority of you have or have not watched any of KoF Youtube video's, you would see the technical logic of the EMAs and the reason no script or EAs have been introduced, but maybe I have learned where others have failed. cpfleger
Uhm, the script is to close ALL open orders at once and nothing else really. so, I am not sure what your comment is all about.
Tell me how you close so many open order all at once, please?
  • #29
  • Nov 22, 2022 11:23am Nov 22, 2022 11:23am
hi cpfleger can u sharing ur indicator and template ?? i very like
  • #30
  • Nov 22, 2022 11:43am Nov 22, 2022 11:43am
I found EA that closes all open trades. IF any one thinks they need it let me know then i will post the link to it here.
  • #31
  • Nov 22, 2022 12:50pm Nov 22, 2022 12:50pm
Quoting JacolineFIS
I found EA that closes all open trades. IF any one thinks they need it let me know then i will post the link to it here.
Hi JacolineFIS! I am glad you found a solution for quick exits. You may also code a management EAs easily by using the https://fxdreema.com/builder. The app has a limit of 10 block conections for free accounts (that's more than enough) and may export MT4 and MT5 files.

Feel free to share your trades, customizations and experiences with the strategy
  • #32
  • Nov 22, 2022 1:00pm Nov 22, 2022 1:00pm
Quoting cpfleger
It nice to see that the majority of you have or have not watched any of KoF Youtube video's, you would see the technical logic of the EMAs and the reason no script or EAs have been introduced, but maybe I have learned where others have failed. cpfleger

There are no EAs for the original strategy, but there are very similar averaging strategies such as this one in the H1 timeframe:

Inserted Video


Or this one:

https://www.mql5.com/en/market/produ...006%3aBonnitta

I think KoF should always stay a discretional strategy that also lets you sleep in a flat account (flat account = better sleep).
  • #33
  • Nov 22, 2022 2:18pm Nov 22, 2022 2:18pm
More examples of possible turning points and good profits for this strategy:

Attached Image (click to enlarge)
Click to Enlarge Name: Example_4.png Size: 53 KB


In this case the 200 EMA didn't help much as a trend filter. As a matter of fact, it might put you in danger of catching the lastest reversal just as 100% countertrend does.
  • #34
  • Nov 23, 2022 1:54am Nov 23, 2022 1:54am
https://www.mql5.com/en/market/product/20056

just use this. PZ trade pad. Has a close all button and more
  • #35
  • Nov 23, 2022 10:03am Nov 23, 2022 10:03am
Patience, patience and patience, its a Game...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF Trades.jpg Size: 685 KB
  • #36
  • Nov 23, 2022 3:39pm Nov 23, 2022 3:39pm
Quoting Guevogrande
b) First Sell: Price close is ABOVE ALL the 9, 20, AND 50 EMAs AND has a "good enough" distance away from these averages (more distance = more profits). short =============== nzdjpy PRICE has a "good enough" distance away from these averages {image}
Those are daily charts. The idea is to scalp the M1-M5 timeframes where price returns to the EMAs more often than not. If price breakouts to the upside in such high timeframe you would be in a drawdown for days so your risk is higher and profits/number of trades are lower. Please watch a few videos from this channel:

Inserted Video
  • #37
  • Nov 23, 2022 5:49pm Nov 23, 2022 5:49pm
Quoting cpfleger
Patience, patience and patience, its a Game... {image}
you are cheating , using H4 from threat M1 ha ha ha
  • #38
  • Edited 9:35pm Nov 23, 2022 9:07pm | Edited 9:35pm
Quoting Darwati
{quote} you are cheating , using H4 from threat M1 ha ha ha
In my opinion, averaging + mean reversion systems should not be traded in the higher time-frames (H1 or higher) because:

1) Fundamental changes in the markets may create huge trends = bigger/longer drawdowns.
2) Sleeping is better than babysitting a losing position.
3) You cannot take advantage of particular session behavior (i.e. changes in volatility).
4) You lower your trading frequency (less compounding rate) and increase your exposure.
5) Takes much longer to reach the next EMA (your exit signal).

If you want to be a contrarian trader in the higher timeframes you should stick to one-trade-at-a-time policy and diversify from other markets/timeframes instead of using multiple entries in the same market (i.e. A single long term contrarian system in GBPNZD, Daily TF; You could add AUDCAD and NZDCHF for a nice long-term portfolio):

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD_CX2.png Size: 7 KB


In fewer words: Adding to losers in the higher time-frames is not a good idea, and it's not needed to create a profitable contrarian system.
  • #39
  • Nov 23, 2022 9:34pm Nov 23, 2022 9:34pm
Quoting Abade
{quote} In my opinion, averaging + mean reversion systems should not be traded in the higher time-frames (H1 or higher) because: 1) Fundamental changes in the markets may create huge trends = bigger/longer drawdowns. 2) Sleeping is better than babysitting a losing position. 3) You cannot take advantage of particular session behavior (i.e. changes in volatility). 4) You lower your trading frequency (less compounding rate) and increase your exposure. 5) Takes much longer to reach the next EMA (your exit signal). If you want to be a contrarian trader...
My mindset is actually reversed, I tried all the indicators that look good on M1/M5,

then I tested it on H1 and used Averaging with Multi Open Orders, and closed all periodically,

the result looks pretty good

But the point is all techniques can be used,

what is seen, tested, if it is good use it

Vini Vidi Vici

Today was 1550 Pips / 15500 point
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYmH4.png Size: 13 KB
  • #40
  • Nov 23, 2022 10:02pm Nov 23, 2022 10:02pm
Quoting Darwati
{quote} My mindset is actually reversed, I tried all the indicators that look good on M1/M5, then I tested it on H1 and used Averaging with Multi Open Orders, and closed all periodically, the result looks pretty good But the point is all techniques can be used, what is seen, tested, if it is good use it Vini Vidi Vici Today was 1550 Pips / 15500 point {image}
Thanks for sharing, that's a lot of pips!

Averaging strategies can work really well for long periods of time, but as FerruFx said there is always the risk of the BIG move happening sonner or later. One example is the North East Way EA blow-up that happened recently and took out most of the live accounts with it (works in the M15 timeframe BTW, but most use H1)!My hypothesis is that you may offset such risks by using the lowest TF available (M1) and some discretional tinkering, but I may be wrong.

I have also noticed that lagging indicators work best in the higher time-frames, but most of them are so bad that you get better signals by using them backwards.
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