M1 Countertrend Scalping Strategy

Gents,
Did you get some profits from the NEWS ????
As KoF would say - take your profits....
Do not fear the news, use it as countertrend scalping is the best time to win large amounts...
cpfleger

Yes!

I will share some tips and tricks soon with the group on this strategy and how I take my trades. Maybe it’ll help give you more confluence? It increased my win rates exponentially. I say any tools that put green in your pocket is a win.

The basic premise is I combine SMC with my trading.

playing safe with ema 9

couple of lvls up to be monitored if price rise for reversals...

eu maybe soon, would like to see more down...

I’m looking to buy EU around 1.0680 orders stacked plus a good counter signal with cpfleger template.

exactlly ,that was fast but missed,only took couple of pips , now ema 9 hit so I am out

I would rather have 2 pips then none keep a watch at 1.0680 it might not hit today, but it’s a gold level to watch.

EMA 9 is my fav to take profit.

audchf made mistake took sell now,lets ride up then

yeah,beter than none ....She is very nice to be honest ,exited audchf,made mistake because distance between price and ema9 was small and lvl was broken, so usually I think it goes more up,5 candles before orders stacked so I was concentrating on that more, well again couple of pips ...

Well done guys

Thanks again cpfleger.

Nice little after work trade. Time to take the dog for a walk down the river before dark sets in.

Now I’m calling it a day. See you tomorrow gents.

Back to basics....

I don't wish to dilute or pollute this thread but I came across this today whilst looking for something quite different but perhaps the universe tapped me on the shoulder?

I'm not endorsing the site but this production is first class and is loaded with true world information.imho

Regards
lpp

lpp,
If you read a few pages back you will see I won a 25k live account and have known Samuels when I lived in the UK over 4 years ago...
cpfleger

Hello All,

I am working on creating an indicator that uses the 50 EMA as an envelope. Similar to the Bollinger bands/Envelope indicators but instead shifting the 50 EMA (or other EMA) up and down a specific value (still to be determined). Just envision the bollinger bands but EMAs in its place at the upper and lower limits. I have the code in metaeditor but I am getting an error when compiling; specifically the 'Setindexbuffer' . Can someone look at the code an help me solve this issue? I have attached a screenshot and the code below.


//+------------------------------------------------------------------+
//| zones.mq4 |
//| Copyright 2023, MetaQuotes Software Corp. |
//| https://www.mql5.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2023, MetaQuotes Software Corp."
#property link "https://www.mql5.com"
#property version "1.00"
#property strict
#property indicator_chart_window
// Calculate the upper and lower zones using the 50 EMA
double upper = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) + (iATR(NULL, 0, 50, 0)/2);
double lower = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) - (iATR(NULL, 0, 50, 0)/2);
// Plot the upper and lower zones on the chart
void OnInit()
{
IndicatorShortName("Upper and Lower Zones (50 EMA)");
SetIndexBuffer(0, upper);
SetIndexStyle(0, DRAW_LINE);
SetIndexLabel(0, "Upper Zone");
SetIndexBuffer(1, lower);
SetIndexStyle(1, DRAW_LINE);
SetIndexLabel(1, "Lower Zone");
}
int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[],
const double &open[], const double &high[], const double &low[],
const double &close[], const long &tick_volume[], const long &volume[],
const int &spread[])
{
// Recalculate the upper and lower zones using the 50 EMA
upper = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) + (iATR(NULL, 0, 50, 0)/2);
lower = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) - (iATR(NULL, 0, 50, 0)/2);
return(rates_total);
}

hey chucun, i think this must be double[]

double upper = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) + (iATR(NULL, 0, 50, 0)/2);
double lower = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) - (iATR(NULL, 0, 50, 0)/2);


yes, for e.g

double upper[];
double lower[];

Hi Niks,

Thank you for your feedback. I've tried that with no luck.

Probably not the cleanest entry but shows how effect this kind of trading is. Another scalp before work.