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M1 Countertrend Scalping Strategy

  • #4,521
  • Mar 25, 2023 5:57am Mar 25, 2023 5:57am
Hi all,

Does anyone have a MT5 version of all indicator create by mr cpfleger

Thanks so much for your help, i am following your thread
  • #4,522
  • Mar 25, 2023 8:54am Mar 25, 2023 8:54am

  1. Danielesse87,

I have introduced the 2 candle color and 3 candle TP as an extra way for other traders who have not benefited from this overall system to enable them gain more confidence and better performance.

If you are already happy with any system, them stick with this system and proceed forward, there is no perfect system for everyone to follow or use.

  • #4,523
  • Mar 25, 2023 8:58am Mar 25, 2023 8:58am
hoaivicao
There is not true version of my KoF V1 to V5 system for MT5 except for a basic version which is;
4 EMA's
There are few Dots / Arrow alternative MT5 Indicators available but slightly different than MT4 V1 to V5.
But I keep looking weekly.
cpfleger
  • #4,524
  • Mar 25, 2023 10:02am Mar 25, 2023 10:02am
Calibrating the mouse finger with Bitcoin, its Saturday trading.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 290 KB
  • #4,525
  • Mar 25, 2023 10:11am Mar 25, 2023 10:11am
31 Traders, 7 members and the remaining are visitors...
Do YOU guys want to participate or are you just watchers ????
cpfleger
  • #4,526
  • Mar 25, 2023 10:14am Mar 25, 2023 10:14am
Lets all watch and learn together............
a few left, not exciting enough for them.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 461 KB
  • #4,527
  • Mar 25, 2023 10:15am Mar 25, 2023 10:15am
Well guess what, Trading is BORING once YOU find the solution in winning...
Look at all of the other FF Forums, talk and talk but very few perform.
  • #4,528
  • Mar 25, 2023 10:18am Mar 25, 2023 10:18am
okay, no messages, then I am off playing with the wife....
enjoy the weekend...
  • #4,529
  • Mar 25, 2023 10:45am Mar 25, 2023 10:45am
Quoting cpfleger
okay, no messages, then I am off playing with the wife.... enjoy the weekend...
Kind Cpflager, I'm just here to read and re-read your posts. Yes, my profit is constant, but I'm not satisfied. It's not a matter of money also because +20% in 14 days is excellent for me. it's a matter of how I feel. Pretty insecure still. Entry is easy and for this we have precise and clear rules. What is difficult is how to manage the trades. Especially those in which the price does not immediately go in our direction. To mediate or not to mediate? Take a stop? If we mediate, the danger is of finding ourselves in a reversal and we will have to hold on for hours, risk a margin call (even if we use 0.01) and furthermore the price may never return to a level that allows us to exit at breakeven. If I take the stop and it is above the last High/Low then our R:R is definitely less than 1:1 so we need a very high winrate. Or we can just close when HA changes color. Also in this case we would need a high winrate. Or we have to be good at maximizing profits when the price goes in the right direction but even then we have the same questions… when do I exit? You and others have already contributed a lot to this thread but at this point what is missing in my opinion is information on how to manage trades. Thanks so much Cpflager for all the help you give us aspiring traders.
  • #4,530
  • Mar 25, 2023 11:00am Mar 25, 2023 11:00am
Danielesse87,
You have alot on your mind...slow down and focus on 1 to 3 things to achieve this next week.
Firstly, add a Trailing Stop Loss of 3 Pips (30 Points) on each initial trade to reduce the stress and strain of a potential reversing open trade. Major improvement.
Secondly, if you do not like tough / runaway trades that lead to higher DD, then decide a Stop Loss point (in candles, HH / LL or percentages).
Thirdly, do not think about RR as to this date I have never been able to accept a defined RR in a variable Forex Market, my mathematics cannot relate. The Market is too emotional for a set RR, just watch any 1M TF and its candle movements. We are scalpers anyway.
Slow down, manage the trade with less worry and more management as you would with any other business on planet earth.
cpfleger
  • #4,531
  • Mar 25, 2023 11:01am Mar 25, 2023 11:01am
MT5 KoF EMA System
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 369 KB
  • #4,532
  • Mar 25, 2023 11:01am Mar 25, 2023 11:01am
Have a great weekend people.
  • #4,533
  • Mar 25, 2023 11:05am Mar 25, 2023 11:05am
Quoting cpfleger
okay, no messages, then I am off playing with the wife.... enjoy the weekend...
Sorry cpfleger

a bit late to party was concentrating on the process. I'm with you.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM12503023.png Size: 21 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,534
  • Mar 25, 2023 11:31am Mar 25, 2023 11:31am
Spreads are Quite wide today even by bitcoins standards. Experienced a bit of slippage too.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM1x.png Size: 21 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,535
  • Mar 25, 2023 11:40am Mar 25, 2023 11:40am
Quoting cpfleger
okay, no messages, then I am off playing with the wife.... enjoy the weekend...
im here too, Saturday in the UK here and the wife wants to go shopping ha!
My broker doesn’t allow the trading of crypto on a weekend so I’m backtesting with promising results!
  • #4,536
  • Mar 25, 2023 11:42am Mar 25, 2023 11:42am
For those who say I only post my winning trades here my statement for last couple of weeks. since trading cpfleger's ideas.

I didn't want to post up until I gave them a fair trial and 200 trades is not a bad start.

Bearing in mind I only trade an hour before work in a morning and evening if markets still quite active and a little Bitcoin at weekends.

I'm not as good as cpfleger but getting better with time.

You can do this with the right mind set.

Only posting these in the hope that people will break free from the garbage your told on YouTube its re-cycled rubbish
Free your mind try 20 trades to the rules and see.
Attached Image (click to enlarge)
Click to Enlarge Name: final.jpeg Size: 100 KB
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,537
  • Mar 25, 2023 11:53am Mar 25, 2023 11:53am
Time for some family time.
Have a great weekend.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,538
  • Mar 25, 2023 12:08pm Mar 25, 2023 12:08pm
Quoting Seabreeze
For those who say I only post my winning trades here my statement for last couple of weeks. since trading cpfleger's ideas. I didn't want to post up until I gave them a fair trial and 200 trades is not a bad start. Bearing in mind I only trade an hour before work in a morning and evening if markets still quite active and a little Bitcoin at weekends. I'm not as good as cpfleger but getting better with time. You can do this with the right mind set. Only posting these in the hope that people will break free from the garbage your told on YouTube its...
outstanding
  • #4,539
  • Mar 25, 2023 12:39pm Mar 25, 2023 12:39pm
Quoting cpfleger
Danielesse87, You have alot on your mind...slow down and focus on 1 to 3 things to achieve this next week. Firstly, add a Trailing Stop Loss of 3 Pips (30 Points) on each initial trade to reduce the stress and strain of a potential reversing open trade. Major improvement. Secondly, if you do not like tough / runaway trades that lead to higher DD, then decide a Stop Loss point (in candles, HH / LL or percentages). Thirdly, do not think about RR as to this date I have never been able to accept a defined RR in a variable Forex Market, my mathematics...
Thanks for the advice master. I don't follow a fixed RR but I think its normal to ask yourself these questions to try and do the best.
Good weekend everyone
  • #4,540
  • Mar 25, 2023 12:49pm Mar 25, 2023 12:49pm
Another candle clock
Attached File(s)
File Type: mq4 iClock.mq4   7 KB | 188 downloads
4 traders viewing now