setting it up as we speak. Took overnight to be delivered to my email.
I will post the link after I know its not a crap knockoff.
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
strategy builder/tester for new scalping strategy 1 reply
1M & 5M Scalping System (Scalping Paradise) 21 replies
Reversals vs. CounterTrend Trade 28 replies
CounterTrend Trading 58 replies
Dislikedjosh1111, The EA is in the top right corner of the Chart, I have the original version and not the latest. The additional trade entries are defined by the dotted green lines like any pending order trades. The EA only does pending orders in accordance with the first manual trade position, I do not think any EA reverses without closing the first trade. I use it to double the pips won using a short pip value, like 1 to 3 pips and then TP around 3 to 5 pips because I scalp on the 1 or 5M TF. I was told you can find the older versions on the internet...Ignored
Disliked{quote}I'm not sure I understand well: you went on and on selling on that up trend? If you don't mind sharing, what was the max drawdown compared to that $9 you got in the end? At a glance, there were about 30 pips on that up move (surely not extreme: even EU can run much more than that). How about buying with the trend? With just a couple of trades around your first entries you would have made more than that, with the added bonus to control your risk and with less heartache. Also, imagine scaling in along the way! Not being cynical, but I think...Ignored
Disliked{quote}... i agree completely with your sentiments hammertop and it sounds like you understand how the system should work very well, i was also wondering what the dradown was at the peak, please let us know if you recall cliffjaded... with regard to what most in this thread are trying to achieve it is the development of the counter trend ema system, and a big part of that development is risk management, but ideally, it is to avoid counter trading into tough trends to begin with and more importantly TO EXIT immediately once you realise the trade...Ignored
Disliked{quote}I'm not sure I understand well: you went on and on selling on that up trend? If you don't mind sharing, what was the max drawdown compared to that $9 you got in the end? At a glance, there were about 30 pips on that up move (surely not extreme: even EU can run much more than that). How about buying with the trend? With just a couple of trades around your first entries you would have made more than that, with the added bonus to control your risk and with less heartache. Also, imagine scaling in along the way! Not being cynical, but I think...Ignored
Disliked{quote}That's exactly what I was concerned about. Some people might be lead to think that's the correct way to go till the account is blown. If you know what you're doing, hats off to you though. For the record, a friend who was lured by buying into kof gave me the chance to have a glance at his 2 main most priced strategies... Even he advises to cut the losses opposite to what is shown in the YT videos. But, believe me, it's a lot of blabbering about his "secrets" repeated ad nauseam, probably in order to increase the size of the videos...Ignored
DislikedDarwati, Ahhh my man but the title of this stream is what ? -Countertrend Trading. I have many trend systems but over 2 years ago I introduced a countertrend system into my Trading Business and I have now 2 solutions to my trading capabilities. Has anyone asked me about a trend system ? No sir. I attended this stream to assist others in countertrend trading have you ? Have a nice weekend. cpflegerIgnored