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M1 Countertrend Scalping Strategy

  • #181
  • Dec 9, 2022 10:58am Dec 9, 2022 10:58am
True and the Yanks (Banks) are evaluating their Books so to determine the next few hours of direction whilst taking some retail Stop Loss money...
  • #182
  • Dec 9, 2022 11:08am Dec 9, 2022 11:08am
KoF is live now on youtube...
  • #183
  • Dec 9, 2022 11:11am Dec 9, 2022 11:11am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #184
  • Dec 9, 2022 11:56am Dec 9, 2022 11:56am
anyone following the KoF on youtube???
  • #185
  • Dec 9, 2022 12:03pm Dec 9, 2022 12:03pm
Following gerval's lead....
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 445 KB
  • #186
  • Dec 9, 2022 12:15pm Dec 9, 2022 12:15pm
Quoting cpfleger
anyone following the KoF on youtube???
Yes, I am.
  • #187
  • Dec 9, 2022 12:22pm Dec 9, 2022 12:22pm
gerval should be in the money now after some ranging by the Banks...
  • #188
  • Dec 9, 2022 12:30pm Dec 9, 2022 12:30pm
amrhamdy,
gbpusd should have put some money in your Bank....
  • #189
  • Dec 9, 2022 12:37pm Dec 9, 2022 12:37pm
I finally got out in BE. Being Friday and what time it is...
  • #190
  • Dec 9, 2022 12:45pm Dec 9, 2022 12:45pm
Here is the link to the KoF live session if anybody is interested in learning more about the original strategy:

Inserted Video


I am glad to see more people is joining and sharing their experiences with it.

Edit: King closes in profits:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 253 KB
  • #191
  • Dec 9, 2022 12:52pm Dec 9, 2022 12:52pm
Just following the King...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 563 KB
  • #192
  • Dec 9, 2022 12:52pm Dec 9, 2022 12:52pm
Thanks, I'll check it out to see how it does the entries
  • #193
  • Dec 9, 2022 1:01pm Dec 9, 2022 1:01pm
Quoting amrhamdy
{quote} {image}
Most of the exits are manual, but you should also use these (just in case you miss them):

Attached Image (click to enlarge)
Click to Enlarge Name: Take Profits for Fast Markets.png Size: 59 KB
  • #194
  • Dec 9, 2022 1:37pm Dec 9, 2022 1:37pm
Quoting Abade
{quote} Most of the exits are manual, but you should also use these (just in case you miss them): {image}
Yes I agree, Thank you for your advice.
  • #195
  • Dec 9, 2022 1:38pm Dec 9, 2022 1:38pm
Quoting cpfleger
amrhamdy, gbpusd should have put some money in your Bank....
I am still practicing on a a demo account ..
but I like this strategy a lot <3
  • #196
  • Dec 9, 2022 2:13pm Dec 9, 2022 2:13pm
Quoting amrhamdy
{quote} I am still practicing on a a demo account .. but I like this strategy a lot <3
I also liked it a lot .

It's so refreshing to find something different after hours and hours of watching YouTube videos with the same old (and over-exploited) stuff over and over (trading pullbacks inside a trend). With this strategy you don't have to rely on homerun trades, trends, perfect entries, conspiracy/manipulation mumbo jumbo, price chasing, weird indicators or risk/reward ratio gambling. It's just the plain old mean reversion phenomenon that will always exist in the markets, it cannot get any more simpler.
  • #197
  • Dec 9, 2022 3:48pm Dec 9, 2022 3:48pm
Quoting Abade
{quote} I also liked it a lot . It's so refreshing to find something different after hours and hours of watching YouTube videos with the same old (and over-exploited) stuff over and over (trading pullbacks inside a trend). With this strategy you don't have to rely on homerun trades, trends, perfect entries, conspiracy/manipulation mumbo jumbo, price chasing, weird indicators or risk/reward ratio gambling. It's just the plain old mean reversion phenomenon that will always exist in the markets, it cannot get any more simpler....
this would be good on Dax. Also I have added daily pivots and yesterday previous high and low. To get a good entry’s.
  • #198
  • Dec 9, 2022 4:21pm Dec 9, 2022 4:21pm
Quoting RieseP
{quote} this would be good on Dax. Also I have added daily pivots and yesterday previous high and low. To get a good entry’s.
Have not tried the Dax (Ger30) myself, but I know some algo traders have successful short-term mean reversion models on it.

Let us know how it goes
  • #199
  • Dec 10, 2022 3:20am Dec 10, 2022 3:20am
I'm new to this thread and new to forexfactory. I've been using KOF strategy for almost 2 years. I have both the Full EMA strategy and 1% strategy.
@Cpfleger, I like how your indicators look. So glad I found traders alike.

KOF is the real deal!!
  • #200
  • Dec 10, 2022 8:23am Dec 10, 2022 8:23am
Can anyone recommend a good broker for thisn system?
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