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M1 Countertrend Scalping Strategy

  • #1,521
  • Jan 12, 2023 10:10am Jan 12, 2023 10:10am
2023 New Vocabulary

Drawdown - a new opportunity
Fear - man made thought
Winners - YOU

cpfleger
  • #1,522
  • Jan 12, 2023 10:29am Jan 12, 2023 10:29am
More pennies.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 63 KB
  • #1,523
  • Jan 12, 2023 10:51am Jan 12, 2023 10:51am
Quoting cpfleger
Elsaloon, As requested, see attachment. Be aware that the words to the left are by default in White and you need to change the background color to see the words, default settings, enjoy. cpfleger {file}
Hi cpfleger can you please explain the Tick Separate volume indicator?
  • #1,524
  • Jan 12, 2023 11:29am Jan 12, 2023 11:29am
jodh1111,
see screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 207 KB
  • #1,525
  • Jan 12, 2023 11:43am Jan 12, 2023 11:43am
josh1111,
more choices...
cpfleger
Attached File(s)
File Type: mq4 TicksSeparateVolume.mq4   4 KB | 535 downloads
File Type: mq4 TicksSeparateVolumeDif.mq4   5 KB | 546 downloads
  • #1,526
  • Jan 12, 2023 12:14pm Jan 12, 2023 12:14pm
Quoting cpfleger
jodh1111, see screenprint. cpfleger {image}
Cool thanks
  • #1,527
  • Jan 12, 2023 12:27pm Jan 12, 2023 12:27pm
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veni vidi vici
  • #1,528
  • Jan 12, 2023 12:30pm Jan 12, 2023 12:30pm
Thanks again cpfleger
  • #1,529
  • Jan 12, 2023 1:30pm Jan 12, 2023 1:30pm
i was wondering that in order to refine the stratergy can we not look at the 1hr chart and see how far down from the moving average it is and if it has hit the oversold levels. then go down the 1minute chart or 5minutes and wait for it to go far from the moving average and hit the oversold levels there as well. then take the buy back to the moving average. this way you might not get caught by the run away trend. just a suggestion.
Attached Image(s) (click to enlarge)
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  • #1,530
  • Jan 12, 2023 1:54pm Jan 12, 2023 1:54pm
mansan,
what is your thoughts between the 2 Volume Indicators ?
cpfleger
  • #1,531
  • Jan 12, 2023 5:54pm Jan 12, 2023 5:54pm
Over 25 people watching but no messages, why ?
  • #1,532
  • Jan 12, 2023 6:07pm Jan 12, 2023 6:07pm
H4 scalping...
Attached Image (click to enlarge)
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  • #1,533
  • Jan 12, 2023 6:20pm Jan 12, 2023 6:20pm
Scalping continues.........
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 339 KB
  • #1,534
  • Jan 12, 2023 6:29pm Jan 12, 2023 6:29pm
Scalpin time again...
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Click to Enlarge Name: KoF.jpg Size: 331 KB
  • #1,535
  • Jan 12, 2023 6:41pm Jan 12, 2023 6:41pm
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  • #1,536
  • Jan 12, 2023 6:42pm Jan 12, 2023 6:42pm
amrhamdy,
nice one.
cpfleger
  • #1,537
  • Jan 12, 2023 6:46pm Jan 12, 2023 6:46pm
Another forex victim.
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Click to Enlarge Name: KoF.jpg Size: 289 KB
  • #1,538
  • Jan 12, 2023 7:24pm Jan 12, 2023 7:24pm
Quoting charli86
kof live if someone wants to take a look
i missed it live but am watching the replay now, looks like another good session from KoF

but what happened with the losses from his previous stream, are they being ignored? are there really no comments on that video asking the question, were there really no questions about it on this live stream, maybe i missed it?

KoF himself said that if someone offers you a strategy that never loses, he has a bridge to sell you

not showing how and when losses are taken is the reason i will never follow him live, but i still love everything he is doing, as always, trader beware...
every minute matters!
  • #1,539
  • Jan 12, 2023 7:32pm Jan 12, 2023 7:32pm
Quoting kgotong
i was wondering that in order to refine the stratergy can we not look at the 1hr chart and see how far down from the moving average it is and if it has hit the oversold levels. then go down the 1minute chart or 5minutes and wait for it to go far from the moving average and hit the oversold levels there as well. then take the buy back to the moving average. this way you might not get caught by the run away trend. just a suggestion. {image} {image}
give it a try for around 20 trades and let us know the results... the keyword you mentioned there is "might" - if you find the magic formula that will avoid all runaway trends, then your on a winner
every minute matters!
  • #1,540
  • Jan 12, 2023 8:35pm Jan 12, 2023 8:35pm
timing is a critical part of this strategy, get it wrong and it makes it so much harder, missing the bottom on this one made it much more difficult to draw a profit out of it

Attached Image (click to enlarge)
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every minute matters!
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