M1 Countertrend Scalping Strategy

lol yes ,but probably will reverse a bit before November high

Abade I don't understand this sentence. A fixed stop-loss will hurt your performance really bad. If you really want to use them I recommend looking for a momentum strategy and ignore this one altogether.

Eurcad desparetly is trying to reach higher levels, it may fall, but it's almost the end of the day so it's very risky

Hi Elsaloon! This is what I meant when referring to "Fixed stop-loss" for individual trades:



These will never work well in "mean-reversion" strategies, they only make sense when trading with the trend/momentum (when you bet that price will keep its force and continue moving in the same direction). Here is more information on that matter:

https://tradingwithdyr.com/stop-loss/

And more (must know) definitions and concepts to avoid confusion:

https://www.quantifiedstrategies.com...ding-strategy/

Here is an example of a profitable mean-reversion strategy that doesn't use any preconceived hard stop-loss or risk-reward ratios (or indicators):



My point is that: you don't need any of those tools for successful trading.

The strategy in the video is improved further by filtering the entry times. KoF says this type of gimmick is non-sense, but evidence says otherwise. Always remember to backtest everything and remain observant/critical with a healthy dose of open mindedness.

Best regards.

More PIPs...

Gold trade.

Gold anyone? Looks like a great setup. Lets see the outcome.

GU Sell
If it breaks and close above the 200 EMA i will exit with a slight loss.

Excited GU

One TP hit,
Letting the other one ride. My SL is in profit so it hits it I still win.

Selling Gold.

Took profit on the sell and bought it back up.

watching cadchf,if price rise more good for sell

Mr 5 Pips is awake....

need to brake previous hight and rise more

too late,allready made preferred move

very bad entry,very badd,my kids can do better than this, plus I made 0.02 first entry, but I decided to build up more and exit near ema100 to test it really this kind of situation and how much I suffer, was thinking to exit first on ema50 but saw wicks that should be filed on m5 touching ema20 , and exited at the end with small loss...

charli86,
your trying too hard, slow down and stick to one trade position and 3 candles for 10 trades on less than 3 pairs with small spreads.
cpfleger

Thank you cpfleger,this one I knew is bad and I made mistake,so after first mistake I was really want to try how much this mistake will cost me....I need to slow down

Wondering how much gold will drop before reversal,1900,1895,93,80,70 ....Will completely leave this on side, too many targets may reach before reversal....