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M1 Countertrend Scalping Strategy

  • #3,041
  • Feb 9, 2023 1:20pm Feb 9, 2023 1:20pm
again
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  • #3,042
  • Feb 9, 2023 1:25pm Feb 9, 2023 1:25pm
josh1111,
Try one candle earlier, watch when the zz number paints above or below a candle Wick, zoom in all the way and when the next candle opens plan 1 pip into the new candle and open a trade, sharp shooter style, plan 3 to 5 pips, adjust autscaler EA to open 1 to 2 pips and close 1 to pips, try this 3 times and if it works just increase the lot size every third trade (new trade).
cpfleger
  • #3,043
  • Feb 9, 2023 1:30pm Feb 9, 2023 1:30pm
Quoting josh1111
watching Please tell me to stop if you think I am posting too much {image}
Please keep posting josh
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,044
  • Feb 9, 2023 1:42pm Feb 9, 2023 1:42pm
Quoting cpfleger
Seabreeze, I am sorry I missed a few other Chart issues... SupDem Button is in the top right corner instead of the bottom right corner. Close All text in the top right corner needs to be deleted, go to Objects List, find the words (Text) and delete. Review Template once all settings are done and save Template. cpfleger
Thanks Buddy

I noticed too. I'm old too and get senior moments from time to time lol. Think I've sorted it now
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,045
  • Feb 9, 2023 1:54pm Feb 9, 2023 1:54pm
Seabreeze
El Perfecto
cpfleger
  • #3,046
  • Feb 9, 2023 1:56pm Feb 9, 2023 1:56pm
Reentry
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  • #3,047
  • Feb 9, 2023 2:29pm Feb 9, 2023 2:29pm
Quoting Huzy
cpfleger could you please and please help me apply the indecators to my chart i have tried as much as i can cut still error {image}
Huzy,

Right click the chart,select objects,click show all,click top line,side slider down to bottom,shift select bottom line,delete all.

go to chart right click select indicators, my guess it will only show the moving averages being loaded to the chart (very common Windows quirk)

Go to post #2887.....cpfleger has shown all the indicators to be loaded for EMA V3

Load indicators save template as EMA v3

This will get you started.......but you will need some of the "set files for the indicators"

Something you can search out over the weekend.

good luck

lpp
I would like to die on Mars. Just not on impact..... Elon Musk
  • #3,048
  • Feb 9, 2023 4:29pm Feb 9, 2023 4:29pm
Quoting lpp
{quote} Huzy, Right click the chart,select objects,click show all,click top line,side slider down to bottom,shift select bottom line,delete all. go to chart right click select indicators, my guess it will only show the moving averages being loaded to the chart (very common Windows quirk) Go to post #2887.....cpfleger has shown all the indicators to be loaded for EMA V3 Load indicators save template as EMA v3 This will get you started.......but you will need some of the "set files for the indicators" Something you can search out over the weekend....
thanks man I did it
  • #3,049
  • Feb 9, 2023 6:22pm Feb 9, 2023 6:22pm
Starting Friday trades early...
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  • #3,050
  • Feb 9, 2023 6:26pm Feb 9, 2023 6:26pm
Easy 4 Pips, warming up the trading motor....
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  • #3,051
  • Feb 9, 2023 6:29pm Feb 9, 2023 6:29pm
I'm still holding that one
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  • #3,052
  • Feb 9, 2023 6:30pm Feb 9, 2023 6:30pm
Quoting mizi123
{quote} leave it i entered around 13.00
that's fine, GU normally recovers quite well as it did in this case and if it was played right it may have offered a VERY rewarding opportunity in the end - managing lot sizing and order placement using this system gets better with time

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every minute matters!
  • #3,053
  • Feb 9, 2023 6:32pm Feb 9, 2023 6:32pm
Plenty of opportunities but be aware of their spreads....
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  • #3,054
  • Feb 9, 2023 6:35pm Feb 9, 2023 6:35pm
little pips
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  • #3,055
  • Feb 9, 2023 6:39pm Feb 9, 2023 6:39pm
Quoting cpfleger
Plenty of opportunities but be aware of their spreads.... {image}
Can't be too right on that. Lost today's profits because the spreads got over 8 pips, trailing stops were activated without the extra buffer for the spread resulting in negative trades.
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  • #3,056
  • Feb 9, 2023 6:43pm Feb 9, 2023 6:43pm
$
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  • #3,057
  • Feb 9, 2023 6:51pm Feb 9, 2023 6:51pm
both ways
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  • #3,058
  • Feb 9, 2023 6:56pm Feb 9, 2023 6:56pm
josh1111,

Your new Medal.....
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  • #3,059
  • Feb 9, 2023 7:33pm Feb 9, 2023 7:33pm
Shakespeare got it wrong.....
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  • #3,060
  • Edited 11:21pm Feb 9, 2023 11:10pm | Edited 11:21pm
the trap is set

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the trap goes off, prey gets caught but escapes (because its friday and i want out early so i have set aggressive target, plus price action of course!)

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trap is re set again, trap goes off again, prey is caught again, prey struggles, almost gets out
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but is finally trapped
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and then finally acquired (gotta love slippage when it goes YOUR way, makes the trading day that little bit shorter)

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and if i wasn't so busy typing this i would of caught the immediate aftermath! oh well, missing opportunities is always fine as the great one would say, onto the next one...

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every minute matters!
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Norbert84