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M1 Countertrend Scalping Strategy

  • #4,741
  • Mar 31, 2023 6:00pm Mar 31, 2023 6:00pm
Quoting Abade
{quote} Hi @spacetravel, be welcome! So, you are using MACD divergence as entry triggers, with a stop-loss? What's the exit cue? Thanks for sharing!
Hello
Yes I am using MACD histogram as a replacement for "RSI and Continuation" indicators But it is not the trigger, it is to help identify the trade opportunity

The trigger is the formation of three candles H_Ashi SL is below the last candle, TP is 2:1 If it takes a long time to trade without reaching TP then I close the trade in profit
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  • #4,742
  • Mar 31, 2023 8:17pm Mar 31, 2023 8:17pm
Quoting spacetravel
*I would like to know what you think of this variant in this strategy {image} {image}
looks very good - you should not need any other indicators, for MT5 just put the EMA's on your chart and they will provide you with better entry and exit cues - or you could remove the HA and use pure PA - your off to a good start!

i too would be interested to hear how you plan to manage risk...
every minute matters!
  • #4,743
  • Mar 31, 2023 8:19pm Mar 31, 2023 8:19pm
Quoting Cr4zy
GU {image}
your timing is excellent! well done...
every minute matters!
  • #4,744
  • Mar 31, 2023 9:04pm Mar 31, 2023 9:04pm
Quoting spacetravel
Hello to everyone, ~~ I replaced "Rsi and Continuation" by the MACD istogram looking for a similar signal variant in this strategy
RSI (8) and EMA (21) applied to first indicators data, same as rs1 div1.
Good Trading
  • #4,745
  • Apr 1, 2023 1:42am Apr 1, 2023 1:42am
Breakfast coin collecting.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,746
  • Apr 1, 2023 2:49am Apr 1, 2023 2:49am
Saturday trades with good ole Bitcoin...
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  • #4,747
  • Apr 1, 2023 2:52am Apr 1, 2023 2:52am
Still experimenting with MT5...
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  • #4,748
  • Apr 1, 2023 2:58am Apr 1, 2023 2:58am
Quoting cpfleger
Still experimenting with MT5... {image}
May I ask you about this post
https://www.forexfactory.com/thread/...0#post13993850

what is the lwma line that you are refererring to?
do you still use this strategy?
  • #4,749
  • Apr 1, 2023 3:03am Apr 1, 2023 3:03am
oohoo,
A blast from the past.
5 LWMA is the Yellow main MA Line.
No I have moved onwards to the present system here in this forum.
cpfleger
  • #4,750
  • Apr 1, 2023 3:09am Apr 1, 2023 3:09am
Quoting cpfleger
oohoo, A blast from the past. 5 LWMA is the Yellow main MA Line. No I have moved onwards to the present system here in this forum. cpfleger
Thank you. Can you point me to the post, where you describe your entry/exit rules?
  • #4,751
  • Apr 1, 2023 3:18am Apr 1, 2023 3:18am
oohoo,
What system are you asking about?
If its this forum, then you need to read the posts...
cpfleger
  • #4,752
  • Apr 1, 2023 4:04am Apr 1, 2023 4:04am
Quoting oohoo
{quote} Thank you. Can you point me to the post, where you describe your entry/exit rules?
Hello oohoo
The entries and exits are indicated several times
Please read the thread before asking
  • #4,753
  • Apr 1, 2023 10:42am Apr 1, 2023 10:42am
Quoting spacetravel
{quote} Hello Yes I am using MACD histogram as a replacement for "RSI and Continuation" indicators But it is not the trigger, it is to help identify the trade opportunity The trigger is the formation of three candles H_Ashi SL is below the last candle, TP is 2:1 If it takes a long time to trade without reaching TP then I close the trade in profit {image}
I agree with @niks, divergences can give you really good timing. I am not sure about using a SL with this type of strategy, but may work in the long run, let us know how the testing goes.

Best regards.

Quoting cpfleger
Still experimenting with MT5... {image}
I prefer MT5 now, it has better stability and features. MT4 lags a lot with some indicators.
  • #4,754
  • Apr 1, 2023 1:19pm Apr 1, 2023 1:19pm
A little experimentation on a Saturday, to trend or countertrend.
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  • #4,755
  • Apr 1, 2023 2:30pm Apr 1, 2023 2:30pm
Quoting cpfleger
A little experimentation on a Saturday, to trend or countertrend. {image}
very nice!
without patience how can you be a trader?
  • #4,756
  • Apr 1, 2023 3:48pm Apr 1, 2023 3:48pm
That's enough coins collected for today. 5000 points. Taken from a variety of time frames.

Cpfleger Respect to you.
Attached Image (click to enlarge)
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,757
  • Apr 1, 2023 4:01pm Apr 1, 2023 4:01pm
Quoting Seabreeze
That's enough coins collected for today. 5000 points. Taken from a variety of time frames. Cpfleger Respect to you. {image}
you, gentlemen, are putting on a master class on how to trade!
without patience how can you be a trader?
  • #4,758
  • Apr 1, 2023 4:51pm Apr 1, 2023 4:51pm
Seabreeze,
Your just having too much fun on a Saturday, I hope you have informed your lady that your happy again, arhhhhhhhhhhh.
cpfleger
  • #4,759
  • Apr 1, 2023 5:20pm Apr 1, 2023 5:20pm
Quoting cpfleger
Seabreeze, Your just having too much fun on a Saturday, I hope you have informed your lady that your happy again, arhhhhhhhhhhh. cpfleger
Lol I collect the coins she spends them.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #4,760
  • Apr 1, 2023 7:54pm Apr 1, 2023 7:54pm
Another successful trading day with a new System...
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44 traders viewing now, 1 is registered:
Mohii25