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M1 Countertrend Scalping Strategy

  • #2,741
  • Feb 6, 2023 1:44am Feb 6, 2023 1:44am
ross.d,
sorry dude, but the reference leads to the old template, I am trying to encourage people to read and learn as we go and not walk in and ask for a free system and then walk away...uploading indicators and templates is only half the story, reading and learning to become a skilled Trader is a different matter all together.
cpfleger
  • #2,742
  • Feb 6, 2023 1:51am Feb 6, 2023 1:51am
See, I read and learn. Now I ask you for little help. I would like to know what is the latest version. With all indicators uploaded in this thread I can`t figure it out.
  • #2,743
  • Feb 6, 2023 2:00am Feb 6, 2023 2:00am
Eagle-Eye,
I have answered you twice, learn to use FF site and its tools, next you will ask me to trade for you, sorry I stop helping when they do not learn how to use the tools given.
cpfleger
  • #2,744
  • Feb 6, 2023 2:26am Feb 6, 2023 2:26am
Why is there EMA5 in this template? You never mention it...
You see, how can I know if it is correct. Same is with other indicators.
Template did changed and it is hard to know which indicators to use. All I ask is for little help.
  • #2,745
  • Feb 6, 2023 2:39am Feb 6, 2023 2:39am
Eagle-Eye,
The fact is on Post 9, I screenprinted the very first Template of mine with a 5 LWMA and I have copied it for you to see and learn to read the post because I have explained everything to the Forum each time and only YOU are saying I have not... facts are facts, so read the entire post and maybe you might catch up with the rest of the team.
cpfleger
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  • #2,746
  • Feb 6, 2023 2:45am Feb 6, 2023 2:45am
This is old template, why are you talking about it?
You dont use it anymore.
You use 6 LWMA, Buyers/Sellers indicator... none of these are in post #9.
It looks like ypu are start to flying high. I hope you know what is next...
  • #2,747
  • Feb 6, 2023 2:50am Feb 6, 2023 2:50am
Eagle-Eye,
You do read well do you... you said I did not mention the 5 LWMA and I said I have from day 1....
All Indicators are in the Paperclip, download what you so desire and become a team player, park your attitude, if you want the system its available, only YOU can download and read the posts...
Have a great day.
cpfleger
  • #2,748
  • Feb 6, 2023 2:57am Feb 6, 2023 2:57am
You do not read well.
I was talking and asking about your latest template. Where is 5 LWMA in it? Show me? Show me where you mention 5 LWMA in lets say your latest 20 posts. Thank you.
  • #2,749
  • Feb 6, 2023 3:09am Feb 6, 2023 3:09am
I even cant see you writting about 5 LWMA in post #9. Can you show me please? Thank you.
  • #2,750
  • Feb 6, 2023 3:49am Feb 6, 2023 3:49am
Quoting Eagle-Eye
I even cant see you writting about 5 LWMA in post #9. Can you show me please? Thank you.
what a flashback, its been a while now, but post #10 is what i've been trying to determine recently and for whatever reason am being completely ignored, seems i'm not the only one!

if i missed the response cpgleger i apologise in advance...


"Amazing! I have been waiting for someone that is familiar with the strategy to talk about his experiences. Please, let me ask you three questions:

1) How do you manage "runaway" trends/postions with this strategy?
2) What kind of filters and/or improvements are you using?
3) What has been the worst "woops" moment you have experienced during that year?

Thanks for sharing."
every minute matters!
  • #2,751
  • Feb 6, 2023 4:24am Feb 6, 2023 4:24am
Quoting niks
thanks darwati, you have opened my eyes, wish there were more diverse ideas in this thread rather than ad nauseam counter trend into trend, short sweet simple, with risk management in place of course... {image} {image} {image} {image}
There are many ways to manage risk

there is nothing absolute in forex, use something you can really understand


for example use EA for H1 with MagicNumber 6060 (for major trends)
then you use a similar EA on M5 for minor trends with different magic numbers
Let the 2 EA open orders according to the signal on each TF
Turn off closebysignal ,
and close all orders opposite the H1 signal on HH/LL M5

you have to understand contertrend and follow trends,
you also have to understand how to manage orders
and you have to have an EA that can arrange everything you need

for me, trading is the art of managing all subjects in MT4,
signals are just triggers

imagine you have a company, and you use an ERP where all the subjects in the company can be handled by 1 ERP

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  • #2,752
  • Feb 6, 2023 4:41am Feb 6, 2023 4:41am
Quoting Darwati
{quote}There are many ways to manage risk there is nothing absolute in forex, use something you can really understand. you have to understand contertrend and follow trends, you also have to understand how to manage orders and you have to have an EA that can arrange everything you need
thanks, simpler is better, i prefer to just stop myself out if i'm wrong - did you start your entries on the first, second or third swing low in the example you just posted?
every minute matters!
  • #2,753
  • Feb 6, 2023 4:49am Feb 6, 2023 4:49am
Quoting niks
{quote} thanks, simpler is better, i prefer to just stop myself out if i'm wrong - did you start your entries on the first or second swing low in the example you just posted?
signals are just triggers for open order by EA,my entry on first I open MT4

I will only close orders for all signals that are opposite to H1 on M5
example H1 Buy I will close sell order on LL M5
and sometimes I also close all Buy orders on HH M5 (remember, I used a different Magic number between M5 and H1)
  • #2,754
  • Feb 6, 2023 5:03am Feb 6, 2023 5:03am
Quoting Darwati
{quote} signals are just triggers for open order by EA,my entry on first I open MT4 I will only close orders for all signals that are opposite to H1 on M5 example H1 Buy I will close sell order on LL M5 and sometimes I also close all Buy orders on HH M5 (remember, I used a different Magic number between M5 and H1)
that's interesting, does this reduce your drawdown and\or losses?

so you open first order manually and the rest are opened by ea?
every minute matters!
  • #2,755
  • Feb 6, 2023 5:15am Feb 6, 2023 5:15am
Quoting niks
{quote} that's interesting, does this reduce your drawdown and\or losses? so you open first order manually and the rest are opened by ea?
"that's interesting, does this reduce your drawdown and\or losses?"

Which is longer? trend or countertrend signal?

"so you open first order manually and the rest are opened by ea?"

all order opened by EA

That's the answer about Risk Management

Now back to Signal /Technik Kof/cpfleger
  • #2,756
  • Feb 6, 2023 5:23am Feb 6, 2023 5:23am
Quoting Darwati
{quote} "that's interesting, does this reduce your drawdown and\or losses?" Which is longer? trend or countertrend signal? "so you open first order manually and the rest are opened by ea?" all order opened by EA That's the answer about Risk Management Now back to Signal /Technik Kof/cpfleger
ok, no problem, thanks for your time
every minute matters!
  • #2,757
  • Feb 6, 2023 5:24am Feb 6, 2023 5:24am
Quoting Eagle-Eye
I even cant see you writting about 5 LWMA in post #9. Can you show me please? Thank you.
don't be too stiff, you can use 5,6,7,8 LWMA shift 0,1,2

it's just the initial trigger
  • #2,758
  • Feb 6, 2023 7:22am Feb 6, 2023 7:22am
Just maintaining the traders skillset....
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  • #2,759
  • Feb 6, 2023 7:23am Feb 6, 2023 7:23am
Quoting Darwati
{quote} don't be too stiff, you can use 5,6,7,8 LWMA shift 0,1,2 it's just the initial trigger
I understand, but still waiting for his answer...
  • #2,760
  • Feb 6, 2023 7:32am Feb 6, 2023 7:32am
Eagle-Eye,
I have answered twice and you still have not read the entire post because you do not want toooo.
Post 1923, 2238, 2247, 2271, 2333 and 2338 all talk about the 6 LWMA but you failed to read.
And many other posts tell the team to use 9, 20, 50 and 200 EMA's and I also tell the team to follow the EMA Strategy by KoF for their learning.
And if you did read or even looked at my screenprints its in the Damn Trading Rules.
Enjoy.
cpfleger
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