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M1 Countertrend Scalping Strategy

  • #5,241
  • Apr 24, 2023 6:19am Apr 24, 2023 6:19am
josh1111,
KoF V6...
comments welcomed.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 333 KB
  • #5,242
  • Apr 24, 2023 6:19am Apr 24, 2023 6:19am
there are two key elements to trading KoF

1\ EMA200 is central to deciding whether to counter trend a return to it or follow the trend as it moves away from it

2\ volume analysis can provide leading indications and confirmations of bias

faster EMAs plus PRICE ACTION are used for fine tuning entries and exits
Attached Image (click to enlarge)
Click to Enlarge Name: D5B1058A-81EC-489F-A171-F5C55BB4BC4F.png Size: 130 KB
every minute matters!
  • #5,243
  • Apr 24, 2023 6:36am Apr 24, 2023 6:36am
Quoting cpfleger
josh1111, KoF V6... comments welcomed. cpfleger {image}
looks good, what are the mas? 20, 50, 200?
without patience how can you be a trader?
  • #5,244
  • Apr 24, 2023 6:48am Apr 24, 2023 6:48am
Steverino832,
20, 100 and 200 but as KoF has stated many times especially in his Tough / Runaway Video, all MA's are either Resistance or Support zones and act as Temporary Targets for the Trader to shoot for but he / she must learn to feel the Market.
I changed the CCI settings to 13 as I prefer the 5M TF and this setting gets the Trader in at a better entry point and is aligned with the HA Candle.
Template coming today after I serve my Boss Lady.
cpfleger
  • #5,245
  • Apr 24, 2023 6:55am Apr 24, 2023 6:55am
Quoting cpfleger
Steverino832, 20, 100 and 200 but as KoF has stated many times especially in his Tough / Runaway Video, all MA's are either Resistance or Support zones and act as Temporary Targets for the Trader to shoot for but he / she must learn to feel the Market. I changed the CCI settings to 13 as I prefer the 5M TF and this setting gets the Trader in at a better entry point and is aligned with the HA Candle. Template coming today after I serve my Boss Lady. cpfleger
thank you
without patience how can you be a trader?
  • #5,246
  • Apr 24, 2023 7:27am Apr 24, 2023 7:27am
USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
  • #5,247
  • Apr 24, 2023 7:37am Apr 24, 2023 7:37am
KoF V6 Indicator Window screenprint.
Indicator and Template
Attached File(s)
File Type: ex4 +++Agimat Reversal_.ex4   13 KB | 600 downloads
File Type: tpl KoF V6.tpl   14 KB | 562 downloads
  • #5,248
  • Apr 24, 2023 7:37am Apr 24, 2023 7:37am
Indicator Window screenprint.
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 366 KB
  • #5,249
  • Apr 24, 2023 7:38am Apr 24, 2023 7:38am
Quoting josh1111
USDCAD {image}
Didn't go the way I wanted, so when it came back into profit I bailed immediately.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
  • #5,250
  • Apr 24, 2023 7:39am Apr 24, 2023 7:39am
josh1111,
Lets compare.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 324 KB
  • #5,251
  • Apr 24, 2023 7:40am Apr 24, 2023 7:40am
josh1111,
My bad, I used M5.
cpfleger
  • #5,252
  • Apr 24, 2023 7:53am Apr 24, 2023 7:53am
USDCAD successful
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 285 KB
  • #5,253
  • Apr 24, 2023 7:56am Apr 24, 2023 7:56am
Please be aware that each Currency / Instrument is different, and one System cannot please all Instruments, so be aware..
I tweaked the USDCAD CCI settings again to fit to the HA Candle and was successful BUT it will MAY NOT work for other Instruments due to their Price and Spread.
cpfleger
  • #5,254
  • Apr 24, 2023 7:57am Apr 24, 2023 7:57am
M5 USDCAD KoF V6 Template
Attached File(s)
File Type: tpl M5 USDCAD KoF V6.tpl   9 KB | 403 downloads
  • #5,255
  • Apr 24, 2023 8:07am Apr 24, 2023 8:07am
KoF V6 Rules
1) CCI Level 0 must be the first entry point confirmation
2) Arrow must be painted to catch the beginning of the trend or countertrend
3) HA Candle must be the correct color to the painted Arrow and CCI direction (Buy is Green / Sell is Red)
4) Once CCI passes the Level 0, Arrow painted and Candle matches color, Open a Trade.
5) NOTE: Small Lot size until you build confidence via 20 trades / performance ratio must be above 85% and no excuses.
6) SL above / below painted Arrow if desired
7) TP is MAs or your choice

NOTE: CCI may have to revised to each Instrument, use USDCAD first to practice and I will make Instrument Templates as the day goes by.
cpfleger
  • #5,256
  • Apr 24, 2023 8:10am Apr 24, 2023 8:10am
Quoting cpfleger
sbongo, See screenprint for overall Indicator Window and I have attached the Brilliant Reversal MT5 Indicator for your usage. cpfleger {file}
Hi, setting?
  • #5,257
  • Apr 24, 2023 8:12am Apr 24, 2023 8:12am
EURJPY CCI Example
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 344 KB
  • #5,258
  • Apr 24, 2023 8:14am Apr 24, 2023 8:14am
Spank1969,
Default setting but colors are your choice, my screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 57 KB
  • #5,259
  • Apr 24, 2023 8:16am Apr 24, 2023 8:16am
Waiting for first entry, chart feels really clean.
Why use 100ema over 50ema?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
  • #5,260
  • Apr 24, 2023 8:16am Apr 24, 2023 8:16am
Gents,
Don't forget, you can add the 8/9 or 50 MA as you see fit, my eyes are bad and yours maybe better.
cpfleger
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