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M1 Countertrend Scalping Strategy

  • #5,201
  • Apr 22, 2023 7:17pm Apr 22, 2023 7:17pm
Quoting beastwork
Another strategy using lagging indicators. Good luck with that folks.
Why bring your negativity here? Go home if you have nothing positive to contribute.
  • #5,202
  • Apr 22, 2023 7:39pm Apr 22, 2023 7:39pm
MT5 Trades with SAR Scalper...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 437 KB
  • #5,203
  • Apr 23, 2023 1:10am Apr 23, 2023 1:10am
Thanks cpfleger for the system and dedication to this thread. I have been lurking for a long time and decided to create an account to ask questions and to show my support.

A question: given the huge spread on BTC and weekends. What's your recommended broker?

Thanks!
  • #5,204
  • Edited 1:38am Apr 23, 2023 1:26am | Edited 1:38am
Quoting mario777
{quote}LOL! agree. with all those winning trades he posted since last year without loss and he is still experimenting and new templates coming everyday. I think he is just addicted to compliments LOL!
Banned! Personal quarrels are not allowed here. If you want a bar fight go to a real bar.

Quoting beastwork
Another strategy using lagging indicators. Good luck with that folks.
You are welcome to explain to us how you'd trade mean reversion using "non-lagging" information. Charts, diagrams, examples, backtests, studies, reports and instructions are welcome.
  • #5,205
  • Apr 23, 2023 1:42am Apr 23, 2023 1:42am
over time i have used repainting indicators and lagging indicators with great success because i learnt how they work and what time frame are best for them . i believe most get a negative view because they dont know how to use them , one of my great success is semafor indie it repaints , one tip is dont stay in the trade to long has i am a scalper it works for me and part of my trading plan ,
people leave, but this thread will go on for ever
  • #5,206
  • Apr 23, 2023 3:06am Apr 23, 2023 3:06am
Hey folks, i have been following this thread for a while. I also use the first system that has been published. Been succesfull for now, still testing on demo.

May i know what is the reason you are developing new system? My belief is that you do not change a winning horse.

I want to know the psycology behind it, dont want any bar fight here
  • #5,207
  • Apr 23, 2023 4:15am Apr 23, 2023 4:15am
Hello everyone ,
Thanks for creating this thread.I have been using Kof ema strategy for a while .It usually generates good result ,but strong trend like this one wipes out all previous gains.
I tried to place orders after price touched ema 9 to catch the right moment but as you can see there was no luck ! even increasing the lot size couldn't recover the loss .

Can anyone advise ? where did I go wrong ?
Thanks again to Abade and cpfleger
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot KOF.png Size: 33 KB
Click to Enlarge Name: Screenshot KoF 2.png Size: 24 KB
I haven't come this far to only come this far !
  • #5,208
  • Apr 23, 2023 7:34am Apr 23, 2023 7:34am
pichha,
Due to the lack of participants using the original KoF System, I have changed the system to try and make it easier for me initially as I am old man and half blind, so my youth and eyes are not as good as the average trader today, its an age thing that the youngsters today do not think about but I do since my retirement.

Now over the last month I have tried to be more creative and have shared these systems with other as I pay forward and accept creativity from people. So I screenprint and offer these systems to other which they are free to upload or NOT. Abade will correct me but I have not seen anyone being threatened or forced to read, listen or upload any files much less systems. I do this to support others as there is NO standard for Forex Trading like my ex aviation days of employment.

I love trading as there is no perfect system or human but if the wife is busy, I trade or create.
cpfleger
  • #5,209
  • Apr 23, 2023 7:40am Apr 23, 2023 7:40am
MT5 Trades today using SAR System and Bitcoin.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 506 KB
  • #5,210
  • Apr 23, 2023 7:52am Apr 23, 2023 7:52am
sbongo,
I use IC Markets for both MT4 and MT5 but others use other Australian Brokers like Blueberry (Abade), etc...
You need to find a Broker you like.
cpfleger
  • #5,211
  • Apr 23, 2023 7:57am Apr 23, 2023 7:57am
Aussi,
Non repainting Indicators may stay once the candle closes but over 80% of the time the painted Arrow (for this conversation) is toooooooooooooo late and the Trader has missed over 35% of the trend or countertrend which is why re-painting Arrows are used by the majority of retail traders to date.

If repainting is soooooo bad then what does one think about repainting / recalculating PRICE... Should I quit trading because PRICE fluctuates (another english word to say - up and down and up and down again - is that not repainting / recalculating). Ohh but thats different, sorry I do not accept that, so I continue with the acceptance and facts only. Humor time - do NOT look at the PRICE because it changes information - welcome to the software Industry.
cpfleger
  • #5,212
  • Apr 23, 2023 8:05am Apr 23, 2023 8:05am
Sunday creativity time - this my entertainment to YOU guys, humor me as the Brits would say...
Comments welcomed.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 374 KB
  • #5,213
  • Apr 23, 2023 8:16am Apr 23, 2023 8:16am
Quoting Abade
{quote} You are welcome to explain to us how you'd trade mean reversion using "non-lagging" information. Charts, diagrams, examples, backtests, studies, reports and instructions are welcome.

Fair enough. My approach doesn't belong in this thread
  • #5,214
  • Apr 23, 2023 8:26am Apr 23, 2023 8:26am
A little MT5 System comparison for Food For Thought...
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 343 KB
  • #5,215
  • Apr 23, 2023 8:40am Apr 23, 2023 8:40am
My MT5 comparison of Systems is to allow you guys the opportunity to see for yourselves that there is no perfect system when trading the Forex Market since its unregulated and non-centralized like the Stock Market. All of those Human emotions must go somewhere, arhhhhh. Up and down is the Market cycle.

So the SAR System on the left is earlier than KoF System on the right, one has tighter SL than the other but both WORK.

As I said on Page 1 of this Forum, each Trader must fine tune a System to meet their needs and expectations, KoF System is adequate but alot of traders find it difficult to enter or exit because its based on reading the Candles and Market which most do not learn. Cost averaging is hard if you do not have 500 usd balance to start with and most traders do not today especially with world conflicts to date. So I offer choices if you need them.

Comments welcomed.
cpfleger
  • #5,216
  • Apr 23, 2023 8:42am Apr 23, 2023 8:42am
Quoting cpfleger
Sunday creativity time - this my entertainment to YOU guys, humor me as the Brits would say... Comments welcomed. {image}
that is truly bangers & mash!
every minute matters!
  • #5,217
  • Apr 23, 2023 8:45am Apr 23, 2023 8:45am
Quoting beastwork
{quote} Fair enough. My approach doesn't belong in this thread
if it resembles what is outlined in the first few posts, then it most certainly belongs in this thread...
every minute matters!
  • #5,218
  • Apr 23, 2023 10:38am Apr 23, 2023 10:38am
Quoting cpfleger
MT5 Trades today using SAR System and Bitcoin. {image}
I couldn't see the little circles on your chart. I have attached my indicator list. Am i missing something? This is based on the "SAR and CCI Scalper.tpl"

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #5,219
  • Apr 23, 2023 11:32am Apr 23, 2023 11:32am
Quoting pichha
Hey folks, i have been following this thread for a while. I also use the first system that has been published. Been succesfull for now, still testing on demo. May i know what is the reason you are developing new system? My belief is that you do not change a winning horse. I want to know the psycology behind it, dont want any bar fight here
That's a good question.

Some traders may prefer to reduce their overall risk by making more accurate entries in a higher timeframe and putting momentum on their side by using extra indicators. These modifications may increase profitability and reduce stress, so they make sense.

The original system works well! You only have to watch out for red flags (upcoming breakouts and price shocks) and as @Aussi implies, it's best to NOT stay too long in a trade, that's what scalping is all about.

Quoting beastwork
{quote} Fair enough. My approach doesn't belong in this thread
Some people may still be curious. Trading without any indicators is 100% legit!
  • #5,220
  • Apr 23, 2023 11:40am Apr 23, 2023 11:40am
sbongo,
See screenprint for overall Indicator Window and I have attached the Brilliant Reversal MT5 Indicator for your usage.
cpfleger
Attached File(s)
File Type: ex5 Brilliant reversals.ex5   24 KB | 397 downloads
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