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M1 Countertrend Scalping Strategy

  • #3,221
  • Feb 15, 2023 12:35am Feb 15, 2023 12:35am
Just an example of what can be done before and after work in less than two weeks. Thanks Abade and cpfleger
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #3,222
  • Feb 15, 2023 12:42am Feb 15, 2023 12:42am
Quoting Chucun
{quote} Hi Niks, Thank you for your feedback. I've tried that with no luck. {image}
sorry chucun, i do not have mt4 editor so cannot compile, if this doesn't work i will fix the code you already posted, try this yourself first


// initialise buffers that will be used to display the data stored in the handles
double upperBuffer[];
double lowerBuffer[];

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[])
{
int limit=rates_total-prev_calculated;

if(prev_calculated>0)
limit++;
for(int i=0; i<limit; i++)
{
upperBuffer[i] = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, i) + (iATR(NULL, 0, 50, i)/2);
lowerBuffer[i] = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, i) - (iATR(NULL, 0, 50, i)/2);
}
//---
return(rates_total);
}


every minute matters!
  • #3,223
  • Feb 15, 2023 12:51am Feb 15, 2023 12:51am
Quoting niks
{quote} sorry chucun, i do not have mt4 editor so cannot compile, if this doesn't work i will fix the code you already posted, try this yourself first // initialise buffers that will be used to display the data stored in the handles double upperBuffer[]; double lowerBuffer[]; 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[]) { int limit=rates_total-prev_calculated;...
Thanks, I will give it a shot.
  • #3,224
  • Feb 15, 2023 2:35am Feb 15, 2023 2:35am
If allowed I will share my system related to the technique here, especially LWMA 6 as a trigger

countertrend presented by Abade/cpfleger for me is not pure countertrend ,

because often it is mini trend and even follow trend after bounce

I call it LWMA 6 trigger

My System as this
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  • #3,225
  • Feb 15, 2023 2:56am Feb 15, 2023 2:56am
Quoting Darwati
If allowed I will share my system related to the technique here, especially LWMA 6 as a trigger countertrend presented by Abade/cpfleger for me is not pure countertrend , because often it is mini trend and even follow trend after bounce I call it LWMA 6 trigger My System as this {image}
i continue to praise your trading philosophy and am equally impressed with your pip hauls darwati, but i still have nfi how you do it! looks like you are buying at the peak?
every minute matters!
  • #3,226
  • Feb 15, 2023 2:58am Feb 15, 2023 2:58am
Quoting Chucun
{quote} Thanks, I will give it a shot.
np chucun, send pm if your still stuck
every minute matters!
  • #3,227
  • Feb 15, 2023 3:06am Feb 15, 2023 3:06am
Darwati,
I PM you a message.
cpfleger
  • #3,228
  • Feb 15, 2023 5:15am Feb 15, 2023 5:15am
Testing and improving systems...
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  • #3,229
  • Feb 15, 2023 5:59am Feb 15, 2023 5:59am
What are the worse pair to trade countertrend? imo, AUDUSD an xxxJPY , and know the full ema strategy is not only about trading counter trend, but I am a bit confident when trading countertrend than following the trend. I don't combine both. What do you think guys?
  • #3,230
  • Feb 15, 2023 6:27am Feb 15, 2023 6:27am
Quoting Homamiadana
What are the worse pair to trade countertrend? imo, AUDUSD an xxxJPY , and know the full ema strategy is not only about trading counter trend, but I am a bit confident when trading countertrend than following the trend. I don't combine both. What do you think guys?
Majors I agree with AD and UJ
  • #3,231
  • Edited 10:06am Feb 15, 2023 8:50am | Edited 10:06am
You can download my System Here

This is my latest system, using LWMA as trigger signal

before that you have to understand cpfleger or LWMA 6 pre-setup

you can read in the Abade/cpfleger thread you can read here

https://www.forexfactory.com/thread/...lping-strategy

EA's and indicators are just trading tools,

you must mobilize all your skills and experience in reading and using these indicators and EA's

especially : trend & contertrend , HH & LL

in short, let EA run automatically, you just have to watch it
and you should try to explore the capabilities of EA independently

after you understand a little how it works,

start turning off open orders and closebysignal (click to false)

you can do a countertrend by clicking Buy/Sell for CTrend

if your analysis is in the direction of the indicator (Blue/Red Arrow)
activate open orders & closebysignal
if HH/LL has reached
turn off openorder / Buy/Sell CTrend (false)
then click close profit to true, change the value in the editbox from 1 to 0.5 (Spread),
all orders that have a profit of more than 0.5 spread will be automatically closed
after that do close all orders for the remaining orders that are still open (profit / loss)

Note: Please used 1 Pair Only and M1 Chart

Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...l?d=1676471625

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Pls load zigzagm indicator to chart , and change font color to black
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  • #3,232
  • Feb 15, 2023 9:05am Feb 15, 2023 9:05am
Gents,
Went back through the Tough Trend KoF Video that Abade attached on page 1 and re-visited the drawing board today and have revised the Basic KoF System to meet the intent of - EMA Tough Trend System.

Enjoy.

cpfleger
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  • #3,233
  • Edited 11:58am Feb 15, 2023 11:32am | Edited 11:58am
Quoting Seabreeze
Just an example of what can be done before and after work in less than two weeks. Thanks Abade and cpfleger {image}
Outstanding performance! You got the hang of it already.

Quoting Homamiadana
What are the worse pair to trade countertrend? imo, AUDUSD an xxxJPY , and know the full ema strategy is not only about trading counter trend, but I am a bit confident when trading countertrend than following the trend. I don't combine both. What do you think guys?
In my experience AUDUSD, USDJPY, EURAUD, GBPJPY and commodity related instruments have "momentum-friendly" tendencies in the lower time-frames.

The "full" approach is not mandatory IMHO. If price is trending hard, preparing for a breakout or not getting back to the EMAs you simply stand aside, keep it simple.

Quoting Darwati
You can download my System Here This is my latest system, using LWMA as trigger signal before that you have to understand cpfleger or LWMA 6 pre-setup you can read in the Abade/cpfleger thread you can read here https://www.forexfactory.com/thread/...lping-strategy EA's and indicators are just trading tools, you must mobilize all your skills and experience in reading and using these...
Thanks for sharing my friend! And of course you are free to share your system variants and examples in this thread.

This is a very interesting semi-automatic (mechanical?) approach. Do you have any visual examples of how the entries and exits would look like in the chart (and maybe how runaways would be handled):

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Best regards.
  • #3,234
  • Feb 15, 2023 12:56pm Feb 15, 2023 12:56pm
Pre setup...
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  • #3,235
  • Feb 15, 2023 1:01pm Feb 15, 2023 1:01pm
trend pips
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  • #3,236
  • Feb 15, 2023 1:02pm Feb 15, 2023 1:02pm
Quoting cpfleger
Pre setup... {image}
Thanks UJ paid
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  • #3,237
  • Feb 15, 2023 1:03pm Feb 15, 2023 1:03pm
Yes sir....
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  • #3,238
  • Feb 15, 2023 1:13pm Feb 15, 2023 1:13pm
I am trying a new experiment you guys let me know if you want me to post the results as I am changing the program from our thread.
No more cost averaging or hedging.
4 pip SL on every order.
My hypothesis:
In the end cost averaging is going to kill any Prop Firm Account as the rules are just too tight to work.
Using Hedging to deal with cost averaging when it gets out of control will eventually amplify to a point that accounts will be blown as well. cpfleger's entry conditions are accurate enough to not matter about the few losses compared to the wins.
Let me know, up to you guys. I would love other peoples opinions as well.
Thanks
  • #3,239
  • Feb 15, 2023 1:25pm Feb 15, 2023 1:25pm
Quoting josh1111
I am trying a new experiment you guys let me know if you want me to post the results as I am changing the program from our thread. No more cost averaging or hedging. 4 pip SL on every order. My hypothesis: In the end cost averaging is going to kill any Prop Firm Account as the rules are just too tight to work. Using Hedging to deal with cost averaging when it gets out of control will eventually amplify to a point that accounts will be blown as well. cpfleger's entry conditions are accurate enough to not matter about the few losses compared to the...
For clarity... please re-state the entry rules.

Why 4 pips? Why not 5, 10, etc? What is informing the SL?
  • #3,240
  • Feb 15, 2023 1:40pm Feb 15, 2023 1:40pm
Due obligations no trading today for me , only playing aggressive mode at this time for testing ema 9 hit with those lvls as I was really sure for some reaction there, anyway,closing in loss or win ,price may drop soon ,but I exit as builded too manny positions .Darwati thanks for the update,,Cpfleger thank you as well,Abade ,thank you for everything...
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Make your own rules and stick to it.
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