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M1 Countertrend Scalping Strategy

  • #1,321
  • Jan 9, 2023 12:31pm Jan 9, 2023 12:31pm
Quoting chhico
What happened on last Friday is exactly what I was talking about in my last reply (ignored by the majority of you because no one likes to hear the truth). The power of the strategy is to understand when to trade ranges and when to trade trends. For me friday was a great trading day bacause of the upward movement on EU and KOF also would have been buying and not selling for so long, but he has to take these risky trades only to show you how the basic strategy works. To survive using only the basic version you have to use ridicoulus leverage, in this...
Hi chhico! Thanks for your insight. Sadly there are no videos or even visual examples of both styles being used (and swapped) in real-time, at least none we know of. The few snippets we got from the full course were 100% hindsight and poorly explained, so I don't feel motivated to buy them neither. If you have a few of those real-time examples it'd be of great help. And I don't mean just a few isolated breakout examples like the ones you shared, what I mean is:

1) Mutiple examples of the styles being swapped and what kind of triggers were used to make that decision.
2) Multiple examples of a failed breakout (with multiple positons) and how they were managed to avoid a huge loss (whipsaws happen).
3) An account report showing consistent performance using the style swaps (A.K.A the full EMA strategy) and failed breakout management.

I don't think anyone here ignored your first comment, on the contrary, it made a big echo. However, there is no framework to make sense of the information you were sharing and how to be practical about it, so feel free to help in that regard (the three points mentioned above).

Best regards!
  • #1,322
  • Jan 9, 2023 6:52pm Jan 9, 2023 6:52pm
Quoting josh1111
{quote} This led to my hard earned Demo account that I had doubled over the last few weeks to be blown ... Big trends will happen and there must be a plan in place to handle them as a trader. You must be ready to Identify and switch to Trend following mode with hedges or a big loss, or to stop trading with a loss until counter trend trading is proving to make sense again.
sorry to hear that josh but very glad that you understand where it went wrong and are prepared to discuss it openly and work on it, most others would not and just give up or do the same thing over again, keep working on it, you are on the right path! that's what demos and simulators are for...
every minute matters!
  • #1,323
  • Jan 9, 2023 11:48pm Jan 9, 2023 11:48pm
Abade and Cpfleger where have you disappeared to? Was a bad day enough and you all disappeared? Trading is unpredictable, a day like Friday can happen. In this case there are no recovery strategies, you need to have good money management, look at higher timeframes and wait for the price to change direction. Opening orders with the minimum lot per $1,000 is very wise. Those who make money quickly lose money quickly. Please, I ask you to continue writing in this thread because the strategy is very valid, it is necessary to insert some small variations but it works.
  • #1,324
  • Jan 10, 2023 1:05am Jan 10, 2023 1:05am
making money can be very frustrating at times...

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every minute matters!
  • #1,325
  • Jan 10, 2023 1:13am Jan 10, 2023 1:13am
Quoting polindo
..., you need to have good money management, look at higher timeframes and wait for the price to change direction. Opening orders with the minimum lot per $1,000 is very wise. Those who make money quickly lose money quickly...
essential information, and probably what KoF might end up doing before doing another video if he hasn't blown his account already! to be fair, he did trade two pairs at the same time for the video but always advises against it for this exact reason
every minute matters!
  • #1,326
  • Jan 10, 2023 1:24am Jan 10, 2023 1:24am
Quoting niks
{quote} essential information, and probably what KoF might end up doing before doing another video if he hasn't blown his account already! to be fair, he did trade two pairs at the same time for the video but always advises against it for this exact reason
KoF will simply open a new demo account and do the same thing again . He does not really trade live anyways, his income is based on selling his "systems"...
  • #1,327
  • Jan 10, 2023 1:35am Jan 10, 2023 1:35am
Quoting polindo
Abade and Cpfleger where have you disappeared to? Was a bad day enough and you all disappeared? Trading is unpredictable, a day like Friday can happen. In this case there are no recovery strategies, you need to have good money management, look at higher timeframes and wait for the price to change direction. Opening orders with the minimum lot per $1,000 is very wise. Those who make money quickly lose money quickly. Please, I ask you to continue writing in this thread because the strategy is very valid, it is necessary to insert some small variations...
Hi Polindo! I was flat during that move. KoF reckless, you can see a gap just before the huge move, I wonder why he didn't even notice such red flag:

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This strategy works best in calm waters, so I would never trade:

- US elections.
- NFP.
- Other high impact news.
- Highly volatile/trend friendly instruments (GBP, gold, etc).
- Correlated instruments.

You have to watch all the major pairs and select the one that is chopping the best.

The main problem right now is backtesting all the variations and rules that come to mind, there is a lot of M1/M5 data to cover and not enough time.
  • #1,328
  • Jan 10, 2023 1:38am Jan 10, 2023 1:38am
Quoting Olarion1975
{quote} KoF will simply open a new demo account and do the same thing again . He does not really trade live anyways, his income is based on selling his "systems"...
he has some work to do to clear up this mess for sure, opening a new demo account or ignoring the situation entirely won't do him any favours - i've never watched his live session but i always assumed they were live? not sure about his account being live though, we can all make assumptions, like the last one you made about his income - fact of the matter is nobody knows about his accounts or his income streams ...
every minute matters!
  • #1,329
  • Jan 10, 2023 1:45am Jan 10, 2023 1:45am
Gents,
It was a Public Holiday in my country yesterday, so I spent the whole weekend with the Family, whom are priority number one in my life as a retired man. Friday was okay for me as I quit trading after 11 am my time due to the Brits go home and Market drops considerable. Will continue today after my breakfast.
cpfleger
  • #1,330
  • Jan 10, 2023 1:55am Jan 10, 2023 1:55am
Quoting niks
{quote} he has some work to do to clear up this mess for sure, opening a new demo account or ignoring the situation entirely won't do him any favours - i've never watched his live session but i always assumed they were live? not sure about his account being live though, we can all make assumptions, like the last one you made about his income - fact of the matter is nobody knows about his accounts or his income streams ...
KoF's sessions are Live, but his account is Demo. 100% certain.
  • #1,331
  • Jan 10, 2023 2:02am Jan 10, 2023 2:02am
Olarion1975,
Does it really matter as only YOU determine your future not someone else. I have watched many live and demo Traders over my past 15 years trading but it always comes back to ME as I as a Trader am the Holy Grail not someone else. Do you like the Strategy and are you learning is the question I would ask YOU....
cpfleger
  • #1,332
  • Jan 10, 2023 2:44am Jan 10, 2023 2:44am
Quoting cpfleger
Olarion1975, Does it really matter as only YOU determine your future not someone else. I have watched many live and demo Traders over my past 15 years trading but it always comes back to ME as I as a Trader am the Holy Grail not someone else. Do you like the Strategy and are you learning is the question I would ask YOU.... cpfleger
cpfleger, I 100% agree. But KoF raises false hopes if anyone believes that HIS reckless trading style is sustainable with a Live account. I am not talking about the modified version in this thread, the tatics discussed here are golden and I use them daily.

All live traders that followed his entries last Friday are f$cked...
  • #1,333
  • Jan 10, 2023 2:45am Jan 10, 2023 2:45am
Quoting chhico
{image}Double top..it's time to take my profit.... no price action and volume reading no party... this is what I would like ypu to understand..
Hello,

can you tell us your trading rules?
when you enter to trade?

rgds
  • #1,334
  • Jan 10, 2023 2:58am Jan 10, 2023 2:58am
Olarion1975,
Lets be statistically open here, how many video's has KoF made that showed a loss besides his first trade entries??? Not many and I can count on one hand and maybe one finger, so 95+ % is acceptable to the masses, one trade especially on a Friday after 11am when the Brits go home was the error, not his Strategy, sorry my man but he is doing better than most.
cpfleger
  • #1,335
  • Jan 10, 2023 3:29am Jan 10, 2023 3:29am
Back to testing Abades EA....
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  • #1,336
  • Jan 10, 2023 3:34am Jan 10, 2023 3:34am
Another forex victim.
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  • #1,337
  • Jan 10, 2023 3:40am Jan 10, 2023 3:40am
Another working day as a Trader...
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  • #1,338
  • Jan 10, 2023 3:55am Jan 10, 2023 3:55am
Thanks Abade, you have done yourself Proud....
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  • #1,339
  • Jan 10, 2023 3:56am Jan 10, 2023 3:56am
Quoting Olarion1975
{quote} KoF's sessions are Live, but his account is Demo. 100% certain.
Inserted Video


Goodmorning to all. My friend look at this video and how he was not able to close positions because of the price running too fast.. try to repeat that it is not a live account...
  • #1,340
  • Jan 10, 2023 4:18am Jan 10, 2023 4:18am
5th winner in a row, I am only testing the EA parameters and so far she doing great, don't care about profits yet...
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