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M1 Countertrend Scalping Strategy

  • #5,221
  • Apr 23, 2023 11:41am Apr 23, 2023 11:41am
sbongo,
Screenprint.
cpfleger
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  • #5,222
  • Apr 23, 2023 11:51am Apr 23, 2023 11:51am
Do you have that indicator for MT4?
  • #5,223
  • Apr 23, 2023 11:53am Apr 23, 2023 11:53am
Quoting Amiraven
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 {image} {image}
Commodities such as gold, gas and oil tend to make these prolonged moves all the time, so I don't recommend using cost averaging in these instruments. Try to stick to EURUSD M1 until you get a good feeling for the instrument, that's what the original author uses most of the time, along with GBPUSD M1.

Another thing you can work on is trying to exit at the right level. If price is bouncing off the zone between the 9 and the 20, you can expect it to keep doing the same thing until it runs out of gas. That's exactly what happened in your charts, don't go for a homerun when there are no signs of it coming.
  • #5,224
  • Apr 23, 2023 11:53am Apr 23, 2023 11:53am
rcbarlow,
attached.
cpfleger
Attached File(s)
File Type: ex4 Brilliant Reversals.ex4   7 KB | 540 downloads
  • #5,225
  • Apr 23, 2023 11:54am Apr 23, 2023 11:54am
MT5 Trading Report today.
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  • #5,226
  • Apr 23, 2023 11:59am Apr 23, 2023 11:59am
MT5 KoF V5 still working great..
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  • #5,227
  • Apr 23, 2023 1:40pm Apr 23, 2023 1:40pm
KoF MT4 continues...
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  • #5,228
  • Apr 23, 2023 4:12pm Apr 23, 2023 4:12pm
A good Sunday full of trading... MT5 version
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  • #5,229
  • Apr 23, 2023 5:57pm Apr 23, 2023 5:57pm
MT4 Trading Day - 180 Points to over 4685 Points in 8 hours...
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  • #5,230
  • Apr 23, 2023 7:38pm Apr 23, 2023 7:38pm
Quoting cpfleger
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...
Cliff you often say you are an old man but tell me how old are you?


Regards
lpp
I would like to die on Mars. Just not on impact..... Elon Musk
  • #5,231
  • Apr 23, 2023 8:42pm Apr 23, 2023 8:42pm
61-0

Little victories.
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Golden nuggets of wisdom not offered here.
  • #5,232
  • Apr 24, 2023 3:15am Apr 24, 2023 3:15am
Quoting Abade
{quote} Commodities such as gold, gas and oil tend to make these prolonged moves all the time, so I don't recommend using cost averaging in these instruments. Try to stick to EURUSD M1 until you get a good feeling for the instrument, that's what the original author uses most of the time, along with GBPUSD M1. Another thing you can work on is trying to exit at the right level. If price is bouncing off the zone between the 9 and the 20, you can expect it to keep doing the same thing until it runs out of gas. That's exactly what happened in your charts,...
I’m an aspiring scalper monitoring oil was you able to capitalise off of the moves this morning (UK)
  • #5,233
  • Apr 24, 2023 3:41am Apr 24, 2023 3:41am
just a bit of practice KoF style! its been a while since his last live stream and his signal service appears to be offline as well...
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every minute matters!
  • #5,234
  • Apr 24, 2023 5:46am Apr 24, 2023 5:46am
Its still killing me to use these tiny lot sizes. But my discipline will pay off when I believe I have mastered the KOF. Getting muuuuuuuch better at entries.

Look at these win sizes. I believe live trading with small lots is way better than using demo. Proof of that came a few years ago when I was just starting out and was killing it in demo, then lost $5,000 in live trading over the next 8 months.
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Golden nuggets of wisdom not offered here.
  • #5,235
  • Apr 24, 2023 6:13am Apr 24, 2023 6:13am
niks / Gents,
KoF Live Stream is only available to paid members since 2 weeks ago but he still does a short video like yesterday once in awhile.
cpfleger
  • #5,236
  • Apr 24, 2023 6:52am Apr 24, 2023 6:52am
Cleaner SAR Scalping System...
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  • #5,237
  • Apr 24, 2023 7:55am Apr 24, 2023 7:55am
well, for the rest of us cheapskates, heres some more KoF style to keep us inspired!
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every minute matters!
  • #5,238
  • Apr 24, 2023 8:00am Apr 24, 2023 8:00am
Watching EURUSD
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  • #5,239
  • Apr 24, 2023 8:04am Apr 24, 2023 8:04am
Quoting Present
Its still killing me to use these tiny lot sizes. But my discipline will pay off when I believe I have mastered the KOF. Getting muuuuuuuch better at entries. Look at these win sizes. I believe live trading with small lots is way better than using demo. Proof of that came a few years ago when I was just starting out and was killing it in demo, then lost $5,000 in live trading over the next 8 months. {image} {image}
your doing well and taking the right approach, just be sure to have a robust risk and money management plan
every minute matters!
  • #5,240
  • Apr 24, 2023 8:08am Apr 24, 2023 8:08am
Quoting cpfleger
No comments means I am boring YOU, this is part of testing and factual evidence with MT4 Platform and its available Indicators...
Just getting back to the thread this morning as I have been traveling.
Thank you for all of your time working with the new systems and sharing. I realize a lot of time goes into experimenting to get any real answers out of them.
Much appreciated cpfleger.
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