M1 Countertrend Scalping Strategy

Quoting cpfleger

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Seabreeze, Trailing Stop Loss (TSL) is really your only guarantee after the Breakeven Point (entry point) and allows the trade to be managed by MT4 control. I recommend starting with 2 to 3 Pips or 20 to 30 Points as the default TSL Setting calls it as you learn. If you have a open trade, click on the actual trade, opposite click the mouse and a new window will open, find Trailing Stop, open window and click on 20 or 30 Points, then the MT4 Platform will recognize this input and set the trailing stop loss automatically. cpfleger

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Quoting cpfleger

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Gents, I have prepared a 3 Chart overview of the 3 types of Candles available using MT4. Each has its goodness and badness as they are all correct but rely on input (Tick) data to paint which is not really a good descriptive word to use but whom am I to debate a silly English word. Again, there is no right or wrong candle and all are ok but YOU will have to decide and this is how the Forex Market talks to us per Timeframe (TF). Learn it without questioning, as we would say in the quality assurance world - accept or reject the data (especially in...

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Quoting cpfleger

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Gents, Lets define entry and exit points now.... {image}

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