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M1 Countertrend Scalping Strategy

  • #1,141
  • Jan 5, 2023 2:45am Jan 5, 2023 2:45am
Really good thread. A sidenote here will be: Hunt for confirmation lead to late entry. Light shine here if you can anticipate things happen in short!
Perfection is the enemy of good enough!
  • #1,142
  • Jan 5, 2023 4:04am Jan 5, 2023 4:04am
Quoting Abade
{quote} Thanks for sharing my friend, you are a hero by showing us a snippet of the full EMA strategy! Also @ross.d. Sadly there are no live examples of him switching from trading mean reversion to trading the trend in that video. Instead, we got a 100% hindsight analysis and no clear instructions on how or when to flip the strategy BEFORE the trend starts, so this information isn't useful at all for real trading. He is also talking about stops now and that's totally different from his "do or die" approach he uses during the live sessions (another...
Dear Abade,videos are not available anymore, but I watched couple of times yesterday, seems after market run kof said wait for ema200 touch and than implement he's die hard approach with ema 20/50 towards ema 200,also he said ema 200 is main one to focus ...For trend continuation yes still not clear but he said using small sl if trader is wrong for trend continuation,if all ema's are near and price broke from them , if right build position as trend rising ...This is how I understand it
Make your own rules and stick to it.
  • #1,143
  • Jan 5, 2023 4:09am Jan 5, 2023 4:09am
Quoting charli86
{quote} Dear Abade,videos are not available anymore, but I watched couple of times yesterday, seems after market run kof said wait for ema200 touch and than implement he's die hard approach with ema 20/50 towards ema 200,also he said ema 200 is main one to focus ...For trend continuation yes still not clear but he said using small sl if trader is wrong for trend continuation,if all ema's are near and price broke from them , if right build position as trend rising ...This is how I understand it
Something like this ,exit when ema 20 reached he said.
Attached Image (click to enlarge)
Click to Enlarge Name: kof example continuation.png Size: 62 KB
Make your own rules and stick to it.
  • #1,144
  • Jan 5, 2023 4:48am Jan 5, 2023 4:48am
In kof last video
Inserted Video
. he is doing that exactly with AU ,after run and test ema 200 he started building positions, he was really confident ,he said "sale and leave it, sale and leave it" after that he is building more positions,enter,exit,charged up etc...
Attached Image (click to enlarge)
Click to Enlarge Name: kof last video.png Size: 63 KB
Make your own rules and stick to it.
  • #1,145
  • Jan 5, 2023 4:50am Jan 5, 2023 4:50am
cpfleger but you don't use the stop loss either
  • #1,146
  • Jan 5, 2023 5:36am Jan 5, 2023 5:36am
Abade,
First attempt at configuring system to meet your request -
- 100 usd balance
- 30 usd profit per trade but will declare this as 30 usd per trade per day
- 24 trades )winners or loosers)
- System to be flexible (EMA vs Double MA, etc.)
- Auto EA (which is the secret sauce)

My first attempt accomplished the above objectives easily and this is why I determined 1 trade per day times 24 days later should give us a true value.
cpfleger
Attached Image (click to enlarge)
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  • #1,147
  • Jan 5, 2023 5:42am Jan 5, 2023 5:42am
Abade,
I know I have not completed the first configuration requirement yet (30 usd profit) but its work in progress because the secret will be configuring the EA to meet the daily 30 usd profit but it can be accomplished.... version 2 is in the works.
cpfleger
  • #1,148
  • Jan 5, 2023 5:57am Jan 5, 2023 5:57am
Abade,
Test Number 2
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 660 KB
  • #1,149
  • Jan 5, 2023 6:13am Jan 5, 2023 6:13am
Mirel85,
When I trade the EMA Strategy I do not use a stop loss because unlike KoF I enter one main trade and add positions once in profit, my main trade drawdown is within my risk tolerance. Each Trader has their own risk tolerance. My goal is to scalp into the 20 EMA with a performance of greater than 90% plus so I make money over 90% of trades, in my mind Performance is King, not lambo's.
cpfleger
  • #1,150
  • Jan 5, 2023 6:19am Jan 5, 2023 6:19am
Abade,
Test 2 - pending SL due to incorrect entry but the EA is functioning correctly.. Now we concentrate on the System criteria. Test 3 pending.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 492 KB
  • #1,151
  • Jan 5, 2023 6:24am Jan 5, 2023 6:24am
Quoting cpfleger
Abade, I know I have not completed the first configuration requirement yet (30 usd profit) but its work in progress because the secret will be configuring the EA to meet the daily 30 usd profit but it can be accomplished.... version 2 is in the works. cpfleger
I think it should not be 30 USD risk per trade, but 30% of balance. So increasing lot size with every trade... ;-)
  • #1,152
  • Jan 5, 2023 6:37am Jan 5, 2023 6:37am
Olarion1975,
I am just going by the 24 Trade spreadsheet and Video criteria, one trade equates to win or loose 30 usd, this is a very risky strategy as defined by the video author... So I am using the EA to add positions to the main trade position to equate to a win or loss of 30 usd per trade per day... Understand?
cpfleger
  • #1,153
  • Jan 5, 2023 6:40am Jan 5, 2023 6:40am
Quoting cpfleger
Olarion1975, I am just going by the 24 Trade spreadsheet and Video criteria, one trade equates to win or loose 30 usd, this is a very risky strategy as defined by the video author... So I am using the EA to add positions to the main trade position to equate to a win or loss of 30 usd per trade per day... Understand? cpfleger
cpfleger, yes I understand what you do. :-)
But the spreadsheet shows 24 trades with adjusted lot size and risk of 30% balance for every trade - not 30 USD per trade...
  • #1,154
  • Jan 5, 2023 6:42am Jan 5, 2023 6:42am
Test 2 continues - reversed before SL.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 575 KB
  • #1,155
  • Jan 5, 2023 6:46am Jan 5, 2023 6:46am
Olarion1975,
You are correct sir, I have mis-read the spreadsheet but I will need to revise the EA.
cpfleger
  • #1,156
  • Jan 5, 2023 6:50am Jan 5, 2023 6:50am
Abade,
Test 2 continues.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 549 KB
  • #1,157
  • Jan 5, 2023 6:54am Jan 5, 2023 6:54am
Abade,
Test 2 continues....
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 500 KB
  • #1,158
  • Jan 5, 2023 7:03am Jan 5, 2023 7:03am
Abade,
Test 2 stopped out.
Test 3 pending
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 307 KB
  • #1,159
  • Jan 5, 2023 8:16am Jan 5, 2023 8:16am
Gents,
no one trading or not screenprinting their trades???
cpfleger
  • #1,160
  • Jan 5, 2023 8:34am Jan 5, 2023 8:34am
Quoting cpfleger
Gents, no one trading or not screenprinting their trades??? cpfleger
Of course . Silently makin' some bucks...
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