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M1 Countertrend Scalping Strategy

  • #4,101
  • Mar 9, 2023 11:33am Mar 9, 2023 11:33am
Quoting erod84
{quote} If you zoom out on the 1 hour chart, there’s a bunch of lower wicks in this area. This is where orders are stacked, I’m also watching that bullish candle area.
how many set-ups do you look to trade a day?
  • #4,102
  • Mar 9, 2023 12:04pm Mar 9, 2023 12:04pm
Quoting h1307
Hello traders, Did someone tried to write EA for this strategy and run a backtest on at least 100trades then forward etc? because i think it the only way to verify it,but I'm little bit sceptical.. otherwise it's just gambling i guess Thank you
Hi h1307, this is not a 100% mechanical strategy, that's why it can't be coded (at least the original one). You are supposed to use your implicit knowledge of the markets to time your entries and exits. Practice until you get the hang of it!
  • #4,103
  • Mar 9, 2023 12:44pm Mar 9, 2023 12:44pm
Guys dose anyone has tried to martigale trades on cetain level....
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  • #4,104
  • Mar 9, 2023 12:56pm Mar 9, 2023 12:56pm
Gold diggin today...
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  • #4,105
  • Mar 9, 2023 2:28pm Mar 9, 2023 2:28pm
@erod84 trade taken because price was on support wich now acts as a resistance and goal reached
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  • #4,106
  • Mar 9, 2023 4:06pm Mar 9, 2023 4:06pm
Sorry Im very confused about this big thread. Looks very interesting and I would like to test it myself, because it is very against my kind of trading, but in Post 1 sends me to post 2887 with set of rules and indicators by cpfleger, Post 1 says EURUSD, GBPUSD, M1 (one minute) charts, but you all use another pairs and another timeframes too, with another volume indicator. Seems based on KoF strat, but slighty different, because you dont make a big number of entries on M1. Someone kindly could guide me ?
  • #4,107
  • Mar 9, 2023 6:38pm Mar 9, 2023 6:38pm
Quoting RieseP
{quote} how many set-ups do you look to trade a day?
1-2 per day is typical.
  • #4,108
  • Mar 9, 2023 10:11pm Mar 9, 2023 10:11pm
Quoting psynapse
Sorry Im very confused about this big thread. Looks very interesting and I would like to test it myself, because it is very against my kind of trading, but in Post 1 sends me to post 2887 with set of rules and indicators by cpfleger, Post 1 says EURUSD, GBPUSD, M1 (one minute) charts, but you all use another pairs and another timeframes too, with another volume indicator. Seems based on KoF strat, but slighty different, because you dont make a big number of entries on M1. Someone kindly could guide me ?
Big thread so it evolves. Abade has kindly allowed it do so. cpfleger has provided systems/templates with revisions. English may not be your first language but I suggest you take the time to read through the entirety of this thread to understand the evolution of it. Yes trader's are trading other pairs, timeframes and changes to the system/s. Are they making profits? Don't concern yourself with the small things, concentrate on the underlying process. Take what works for you and adapt it into your system/trading.
  • #4,109
  • Mar 9, 2023 10:12pm Mar 9, 2023 10:12pm
I was trading gold yesterday, I noticed this orderblock or whatever we call it, on the 30 min chart, and you can see the entry on the 5 min chart... I was late for the first entry, but I used the second one...
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  • #4,110
  • Mar 10, 2023 1:39am Mar 10, 2023 1:39am
G morning friends, another trade today reason same as yestrday
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  • #4,111
  • Mar 10, 2023 3:19am Mar 10, 2023 3:19am
Quoting zozon99
I was trading gold yesterday, I noticed this orderblock or whatever we call it, on the 30 min chart, and you can see the entry on the 5 min chart... I was late for the first entry, but I used the second one... {image} {image}
I would like to ask what is the name of the indicator that shows the trading times of the stock market.
Thank you for your help.
  • #4,112
  • Mar 10, 2023 3:47am Mar 10, 2023 3:47am
Herod84 style. Quick 5 pips taken home...probably forming a cpflager signal soon on UJ e EJ
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  • #4,113
  • Mar 10, 2023 4:48am Mar 10, 2023 4:48am
Quoting cpfleger
Danielesse87, You cannot adjust the shift on the SR Indicator, this is why I use the zigzagm Indicator along with the SR Indicator. cpfleger
do you use a stop-loss in your trading?
  • #4,114
  • Mar 10, 2023 5:02am Mar 10, 2023 5:02am
Hello
Looking forward to the video and would like to trade with you. Thank your guidance.
Also big thanks to everyone in this thread. It is an amazing learning opportunity

Quoting erod84
Another day, another profit gents. I'm closing up for today! never be greedy. See my thoughts and psychology below. Do you see how AWESOME and powerful using levels are? I was in and out of this trade within 5 minutes. By the way, who would be interested in trading with me? perhaps I could post pre setups? I know one trader suggested it but let me know if there's enough interest i'll do it. 1 ) USD/JPY entered my 1 hour POI (refined on 15 min chart) alarm signaled. I patiently waited for the signals to align up 2 ) Checked 15 min chart and saw RSI...
  • #4,115
  • Mar 10, 2023 5:30am Mar 10, 2023 5:30am
Quoting cpfleger
Indicators and Template. No 1 {file} {file} {file} {file} {file}
All files are for mt4, have mt5 files?
  • #4,116
  • Mar 10, 2023 5:36am Mar 10, 2023 5:36am
Quoting cpfleger
Gents, V4 is attached in zip files and PLEASE delete or save somewhere else the previous files before you upload onto MT4. Please ensure you unzip the TRO Notes preset file and load into Preset Folder. Upload everything accordingly (Indicator and Template Folders) and Turn Off MT4, do not refresh, Turn Off and back On. MT4 is an old platform people. Add the Template to the Chart and compare to the attached screenprint, your duty. Read and adhere to the RULES. Enjoy. cpfleger {image} {file} {file}
Hey cpfleger,
I have been away for a while. I just tried out your newest template. I can't seem to get the 2nd window volumes and average. Could you or somebody else help me with that?
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  • #4,117
  • Mar 10, 2023 5:43am Mar 10, 2023 5:43am
I’m watching GBP/JPY level 164.34 / 164.46 if anyone wants to trade it with me.
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  • #4,118
  • Mar 10, 2023 5:50am Mar 10, 2023 5:50am
Quoting zozon99
I was trading gold yesterday, I noticed this orderblock or whatever we call it, on the 30 min chart, and you can see the entry on the 5 min chart... I was late for the first entry, but I used the second one... {image} {image}
Bulls eye!! Good level and great job. cpfleger was grinding Gold hard yesterday.
  • #4,119
  • Mar 10, 2023 6:25am Mar 10, 2023 6:25am
Cpflager style + divergence RSI
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Entry was a bit late but I took a pullback
  • #4,120
  • Mar 10, 2023 7:33am Mar 10, 2023 7:33am
News is good for me...
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