Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#301
Dec 13, 2022 5:30am Dec 13, 2022 5:30am

cliffjaded
Joined Mar 2018 | Status: Trader | 224 Posts

Quoting cpfleger

Disliked

Gents, I am about to throw a new system to you for comment, its based on the 20 EMA only due to the fact I know statistically anyone can hit the 20 EMA over 90% of the time whilst scalping any Instrument. I will let everyone comment for 24 hours before releasing the system to all. Comments are welcomed. cpfleger {image}

Ignored

Hey @cpfleger. I'm down for it but we don't want to hijack @Abade's thread. It would be best if another thread was opened for that system since it deviates too far from the KOF-style mean reversion system that Abade is proposing.

Leave the Gun, Take the Armani

#302
Dec 13, 2022 5:39am Dec 13, 2022 5:39am

ross.d
Joined Dec 2022 | Status: A Million Thanks!! | 104 Posts

Quoting cpfleger

Disliked

Gents, I am about to throw a new system to you for comment, its based on the 20 EMA only due to the fact I know statistically anyone can hit the 20 EMA over 90% of the time whilst scalping any Instrument. I will let everyone comment for 24 hours before releasing the system to all. Comments are welcomed. cpfleger {image}

Ignored

Excellent!!

The best traders hone their skills through practice and discipline.

#303
Dec 13, 2022 6:32am Dec 13, 2022 6:32am

Bazzza
| Joined Sep 2014 | Status: Trader | 266 Posts

Quoting cpfleger

Disliked

Gents, I am about to throw a new system to you for comment, its based on the 20 EMA only due to the fact I know statistically anyone can hit the 20 EMA over 90% of the time whilst scalping any Instrument. I will let everyone comment for 24 hours before releasing the system to all. Comments are welcomed. cpfleger {image}

Ignored

Hi cpfleger very interested in your new system, looks good.

#304
Dec 13, 2022 7:06am Dec 13, 2022 7:06am

charli86
Joined Jan 2017 | Status: Trader | 816 Posts

Ger40 sell

Make your own rules and stick to it.

#305
Dec 13, 2022 7:12am Dec 13, 2022 7:12am

charli86
Joined Jan 2017 | Status: Trader | 816 Posts

Quoting cpfleger

Disliked

Gents, I am about to throw a new system to you for comment, its based on the 20 EMA only due to the fact I know statistically anyone can hit the 20 EMA over 90% of the time whilst scalping any Instrument. I will let everyone comment for 24 hours before releasing the system to all. Comments are welcomed. cpfleger {image}

Ignored

waiting patiently,please go for it

Make your own rules and stick to it.

#306
Dec 13, 2022 7:13am Dec 13, 2022 7:13am

charli86
Joined Jan 2017 | Status: Trader | 816 Posts

closed ema200 touch ger40

Make your own rules and stick to it.

#307
Dec 13, 2022 8:39am Dec 13, 2022 8:39am

cpfleger
Joined Jul 2015 | Status: Trader | 6,592 Posts

Simple comparison test.... which looks better???

Attached Image (click to enlarge)

Click to Enlarge

Name: KoF.jpg
Size: 580 KB

#308
Dec 13, 2022 9:23am Dec 13, 2022 9:23am

charli86
Joined Jan 2017 | Status: Trader | 816 Posts

Quoting cpfleger

Disliked

Simple comparison test.... which looks better??? {image}

Ignored

I would say first…

Make your own rules and stick to it.

#309
Dec 13, 2022 9:32am Dec 13, 2022 9:32am

Bazzza
| Joined Sep 2014 | Status: Trader | 266 Posts

right hand side for me

#310
Dec 13, 2022 10:01am Dec 13, 2022 10:01am

shadmar
| Joined Apr 2020 | Status: Trader | 89 Posts

Here is a little helper EA to close all positions when you hit EMA20 (or whatever you want to close them at)
Use MagicNumber 0 unless you dont place positions manually.

Attached File(s)

3ema_assist_v1.ex4 14 KB | 383 downloads

3ema_assist_v1.mq4 6 KB | 403 downloads

#311
Dec 13, 2022 10:50am Dec 13, 2022 10:50am

charli86
Joined Jan 2017 | Status: Trader | 816 Posts

Hi Cpfleger, if I may ask, are those all valid entries? Also, Just want to ask, if for example, in the up trend we got hit tp once, then after say a short period of time same direction and the same setup appear, would you trade as many time as the setup appear? Close if go bad,hit ema20 if goes good....Or this is more discretional....Thanks a lot

Attached Image (click to enlarge)

Click to Enlarge

Name: AUDCADM5.png
Size: 43 KB

Make your own rules and stick to it.

#312
Dec 13, 2022 11:14am Dec 13, 2022 11:14am

EurTrender
| Joined May 2010 | Status: Trader | 16 Posts

Quoting ross.d

Disliked

{quote} Dear EurTrender, Here you go... For settings, please refer to https://www.forexfactory.com/thread/...4#post14235314 Regards! {file}

Ignored

Thank you very much!

#313
Dec 13, 2022 12:11pm Dec 13, 2022 12:11pm

Abade
Joined Aug 2016 | Status: Trader | 536 Posts

Quoting charli86

Disliked

Hi Cpfleger, if I may ask, are those all valid entries? Also, Just want to ask, if for example, in the up trend we got hit tp once, then after say a short period of time same direction and the same setup appear, would you trade as many time as the setup appear? Close if go bad,hit ema20 if goes good....Or this is more discretional....Thanks a lot {image}

Ignored

Hi charli86! Don't be afraid to re-enter a new setup, even if it happens in the same trend. That's part of the original system teachings by KoF

#314
Dec 13, 2022 12:16pm Dec 13, 2022 12:16pm

Abade
Joined Aug 2016 | Status: Trader | 536 Posts

Quoting cpfleger

Disliked

Gents, I am about to throw a new system to you for comment, its based on the 20 EMA only due to the fact I know statistically anyone can hit the 20 EMA over 90% of the time whilst scalping any Instrument. I will let everyone comment for 24 hours before releasing the system to all. Comments are welcomed. cpfleger {image}

Ignored

Sounds interesting my friend cpfleger! Feel free to share

I have a question about your exits (quoting an old post):

"I did not screenprint the exit of the trade as I only screenprint entries to motivate people. But anyway, I exited on the 5th HA Candle as I sit and watch all my scalping trades as a Business. Once a Candle starts to reverse, I exit the trade with a small profit... "

So, you always use HA candle reversal to exit your trades (together with the 20 EMA touch)? I have not seen you using cost averaging or stop loss, most of your trades end with a win, small win or small loss, am I right?

Thanks for sharing.

#315
Dec 13, 2022 12:20pm Dec 13, 2022 12:20pm