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M1 Countertrend Scalping Strategy

  • #501
  • Dec 16, 2022 10:09am Dec 16, 2022 10:09am
Quoting josh1111
Good evening to you Good morning to me. Sorry I can't share it with you but you can buy it on the MQL4 market place for $100USD. It is called Trade Assistant MT4 and is very helpful in many ways. Those numbers in the bottom that are stuck are probably a small issue with the template not sure how to resolve it yet.
Thanks for your reply
  • #502
  • Dec 16, 2022 10:39am Dec 16, 2022 10:39am
AUDChf slowly coming to pre-setup
Make your own rules and stick to it.
  • #503
  • Dec 16, 2022 11:04am Dec 16, 2022 11:04am
Quoting charli86
AUDChf slowly coming to pre-setup
Closed out,reason of trade, beautiful shaper of ema 9 and 20 on the 5min chart, on 1min beautiful shape of ema45,target ema 100 m1 ,ema20 m5,but price I think will test ema 50 m5
Attached Image(s) (click to enlarge)
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Make your own rules and stick to it.
  • #504
  • Dec 16, 2022 11:14am Dec 16, 2022 11:14am
josh1111,
which template to like of your two choices?
cpfleger
  • #505
  • Dec 16, 2022 11:17am Dec 16, 2022 11:17am
josh1111,
zig zag pip counter number (paint at the top and bottom) and there is a live number to the right of the candle that measures the distance, see my last screenprint.
cpfleger
Attached File(s)
File Type: ex4 zigzagm.ex4   32 KB | 402 downloads
  • #506
  • Dec 16, 2022 11:20am Dec 16, 2022 11:20am
I prefer my black one mostly because of my own ignorance about HA candles and not wanting so much bright white light to stare at being a little easier on my eyes.
I need to go learn about the HA candles I will work on that this weekend they seems to work in a wacky way I just don't get.
Thanks again for sharing everything. I feel like I should make you a rocket nozzle or something cool if this keeps working out for me this well.
  • #507
  • Dec 16, 2022 11:28am Dec 16, 2022 11:28am
josh1111,
loads of yourube videos but in simple terms;
- double wicked HA Candles are Indecisive Candle (no clear direction - up or down)
- one wicked HA Candles are Momentum (Money) Candles and are your friends
if you zoom inwards and look at each candle after the 9 EMA elbow (hook) and see the one wicked candles as the entry candles without any other Indicators you are ahead of the other Traders. I learned back in 2007 using Synergy System (APB Candles).
- another trick is the length of the candle Box, when its lon it saying to you there is alot of money here inside this Candle, when its starts to shorten in length its loosing money and may be reversing.
so on lower TF's I use the 3 candle Rule as we are not intraday or swing trading with the trend but counter trend trading (when you start seeing one wicked candles you will see on the Average 3 One Wick Candles will be consistent and these become your money candles).
Add my last Indicator to both Templates.
cpfleger
  • #508
  • Dec 16, 2022 11:38am Dec 16, 2022 11:38am
HA Candles
Attached Image (click to enlarge)
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  • #509
  • Dec 16, 2022 11:48am Dec 16, 2022 11:48am
AUDCAD target ema20
Make your own rules and stick to it.
  • #510
  • Dec 16, 2022 12:07pm Dec 16, 2022 12:07pm
Quoting charli86
AUDCAD target ema20
closed up, need to go with my family outside, reason of trade ema 9 and 20 shape and candles set-up, also on 1min ema 45 and ema 100
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM1111.png Size: 24 KB
Make your own rules and stick to it.
  • #511
  • Dec 16, 2022 12:10pm Dec 16, 2022 12:10pm
Quoting cpfleger
josh1111, loads of yourube videos but in simple terms; - double wicked HA Candles are Indecisive Candle (no clear direction - up or down) - one wicked HA Candles are Momentum (Money) Candles and are your friends if you zoom inwards and look at each candle after the 9 EMA elbow (hook) and see the one wicked candles as the entry candles without any other Indicators you are ahead of the other Traders. I learned back in 2007 using Synergy System (APB Candles). - another trick is the length of the candle Box, when its lon it saying to you there is alot...
Thanks for the run down cpfleger. I will study them more this weekend. As far as I know I am already running the zigzag indicator perhaps I have some setting wrong? It seems to label numbers at the peaks.
  • #512
  • Dec 16, 2022 8:00pm Dec 16, 2022 8:00pm
Hello Traders,
Here are my trades from today. I'm usually in meetings most of my day. I am located in the California, so my trading times are random, sometimes late at night 9pm to 1 am and I work from 8 to 5 and I have 3 kids to get to and from school.. So i trade when I get the time. I look at the charts everyday, sometimes, most days I get to trade other times I do not. Here are my trades today. Some trades I had to exit earlier than I wanted because of an upcoming meeting for work.

Hopefully, you can see the entries and exits with the dark background.
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  • #513
  • Dec 16, 2022 11:46pm Dec 16, 2022 11:46pm
Quoting cpfleger
HA Candles {image}
I've never took the time to understand HA candles. Very interesting how you can really see when the trend is lossing momentum and the trend is starting to turn. I'm so used to looking at the body of the candles and how they move throughout the chart.

I'm going to look at both the HA candles and the regular candles simultaneously.
  • #514
  • Dec 17, 2022 8:19am Dec 17, 2022 8:19am
"Osama Bin Laden" Style of trading . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #515
  • Dec 17, 2022 8:25am Dec 17, 2022 8:25am
Hello happy yo be here, I just started using this strategy for a while now but I just wanted to ask, is using HA better than candlestick ?? Thanks a lot
  • #516
  • Dec 17, 2022 9:48am Dec 17, 2022 9:48am
Homamiadana,
There is no such thing as the best, each Trader has different view so how can their be a Best.
Put both HA Candles and Candlestick on the same pair and TF and let the decision be yours.
cpfleger
  • #517
  • Dec 17, 2022 3:18pm Dec 17, 2022 3:18pm
Hi all!

I am new here and would like to chat with you all about trading... I am all about scalping and would like to share charts from time to time here to keep this thread actively alive.
  • #518
  • Dec 17, 2022 3:21pm Dec 17, 2022 3:21pm
BTCUSD 1min.. sell every current candle higher then prev candle high... take profit as soon as possible.
Attached Image (click to enlarge)
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  • #519
  • Edited 8:03pm Dec 17, 2022 7:46pm | Edited 8:03pm
Quoting Homamiadana
Hello happy yo be here, I just started using this strategy for a while now but I just wanted to ask, is using HA better than candlestick ?? Thanks a lot
As my friend cpfleger said, there is no such thing as "best". HA candles are good for reducing noise in exchange of a bit of lag. It's also a good tool to measure momentum (look for the single wick candles):

Attached Image (click to enlarge)
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Quoting Macd-rsi
"Osama Bin Laden" Style of trading . .
Kabooom?

Quoting Chucun
Hello Traders, Here are my trades from today. I'm usually in meetings most of my day. I am located in the California, so my trading times are random, sometimes late at night 9pm to 1 am and I work from 8 to 5 and I have 3 kids to get to and from school.. So i trade when I get the time. I look at the charts everyday, sometimes, most days I get to trade other times I do not. Here are my trades today. Some trades I had to exit earlier than I wanted because of an upcoming meeting for work. Hopefully, you can see the entries and exits with the dark background....
Nice trades my friend. What indicators are you using for support and resistance? (the little dots).

Quoting josh1111
{quote} Thanks for the run down cpfleger. I will study them more this weekend. As far as I know I am already running the zigzag indicator perhaps I have some setting wrong? It seems to label numbers at the peaks.
I note this bug in my template as well! Don't know what's causing it.

Quoting charli86
{quote} closed up, need to go with my family outside, reason of trade ema 9 and 20 shape and candles set-up, also on 1min ema 45 and ema 100 {image}
Catched the top of that move, well done
  • #520
  • Dec 17, 2022 11:28pm Dec 17, 2022 11:28pm
@Abade
Are you referring to the image below with the green arrows? If so, they are from a paid indicator. Its an indicator from a trading system call The binary destroyer. It is linked to my account number etc.. It places those arrows when a support or resistance has been identified in that location. It is not 100 right, so you will need to go to a higher timeframe 5min or 15 minutes to locate if there is a valid support or resistance. You may be able to see it on the 1min as well. It is just another indicator that helps out with my entry.
Attached Image (click to enlarge)
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