M1 Countertrend Scalping Strategy

Quoting cpfleger

Disliked

Gents, I normally do not use a SL, I added the SL feature to V4 / 5 to enable your guys to build more confidence. I have always use a very small lot size on the first trade position as defined in the RULES. On my wifes small account I can allow up to a 50% drawdown which does happen but very rare as the entry point is the most critical element to this Strategy. I have shown in the past a few losses, but I will show some if they happen this week. I still believe that the majority of you guys are entering too early like KoF does and I have stated...

Ignored

Quoting cpfleger

Disliked

SL Hit.... {image}

Ignored

Quoting mario777

Disliked

{quote}this strategy doesnt work with SL. As you can see KOF is not using SL he only add position and wait till profit. As he said its a skill . And you need big amount of equity too.

Ignored

Quoting cpfleger

Disliked

Trend and mini pullbacks example. {image}

Ignored

Quoting FearPuppy

Disliked

Hi Abade, interesting idea. Let me briefly summarize your strategy: You wait until the moving averages have reached a decent distance and then look for entries (countertrend)? If my assumption is correct, I would recommend you to have a look at MacD or AO, because these two indicators were developed for a similar idea (as far as I remember correctly). I would worry less about ranging-markets with your strategy, because the moving averages do most of the work for you (if the 3 moving averages have enough distance, the volatility is high) The bigger...

Ignored

Quoting charli86

Disliked

Hi gents, i just use exit ema 9 ,5min tf when all align that i already described, for weeks working so nice with levels that i use that shock me...I will be off for some time and get back soon... All the best

Ignored

Quoting since80808

Disliked

{quote} Ma9 - is TP as I understand, thank you. My main question and problem now is the SL. Can you please share your vision? Sorry can't find your levels ideas. Described earlier?

Ignored

Quoting cpfleger

Disliked

since80808, I know before I enter a trade what my risk to my present Balance is the maximum I can lose. Each Trader must know this fact before the speculation trade takes place. Once I enter the trade I am aware of the risk and potential profit BUT I manage by feeling the Market movement via Volume and Candle Body / Wick size as the RULES state. Things change very quickly on lower TF's but I am not willing to play on higher TF's unless I use a bigger account Balance. So I watch and stay focus by zooming inwards as the RULES state. As I have shown...

Ignored