M1 Countertrend Scalping Strategy | Page 268 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Reversals vs. CounterTrend Trade 28 replies

CounterTrend Trading 58 replies

Attachments: M1 Countertrend Scalping Strategy
Exit Attachments

M1 Countertrend Scalping Strategy

  • #5,341
  • Apr 26, 2023 2:34pm Apr 26, 2023 2:34pm
Cpfleger, I have been reading this forum for a couple of days. You will be missed, indeed. Stay safe and healthy. Hopefully, we can keep this thread alive. Cheers!
  • #5,342
  • Apr 26, 2023 4:15pm Apr 26, 2023 4:15pm
Quoting cpfleger
Abade / Gents, It's the last week in April 2023 and part of April's act of kindness, I hope everyone has had fun talking, trading and enjoying themselves here within Abade's Countertrend Scalping Forum, I have had fun also. I am off this Forum as of today for greener pastures as a retired man and I wish everyone the best in their trading business. Thanks again Abade and Viewers, Have a great life. cpfleger
My friend, thank you for your kindness in sharing your vast knowledge and experience with us.

You know you'll always be welcome in this thread if you want to keep sharing, motivating and helping other traders.

Take care and enjoy your family time, you are a good man!

Quoting fateh888
sorry Abade i will not be able to share more detail about loss today. But all i can tell i did cost average starting lot 0.01 on 1600$ account and lost 30% plus on EURUSD SELL. Chart making me crazy at the moment. Loss Hurts .
I understand, and yes, losing is very painful indeed. I hope you feel better soon.

Don't let the negative emotions take over, remember that there's always a way to archieve what you want, don't give up the search.
  • #5,343
  • Apr 26, 2023 5:15pm Apr 26, 2023 5:15pm
Quoting cpfleger
Abade / Gents, It's the last week in April 2023 and part of April's act of kindness, I hope everyone has had fun talking, trading and enjoying themselves here within Abade's Countertrend Scalping Forum, I have had fun also. I am off this Forum as of today for greener pastures as a retired man and I wish everyone the best in their trading business. Thanks again Abade and Viewers, Have a great life. cpfleger
Cpfleger,

Sorry to see you go. Please visit once in a while. Thank you for all of your dedication to helping traders with this strategy.
  • #5,344
  • Apr 26, 2023 8:51pm Apr 26, 2023 8:51pm
Quoting josh1111
{quote} Hey Niks how do you do that multiple time frame bit on your other indicator window? Very cool.
hey josh and chucun - you can get it from here - Recent Candles
every minute matters!
  • #5,345
  • Apr 26, 2023 9:07pm Apr 26, 2023 9:07pm
Quoting fateh888
sorry Abade i will not be able to share more detail about loss today. But all i can tell i did cost average starting lot 0.01 on 1600$ account and lost 30% plus on EURUSD SELL. Chart making me crazy at the moment. Loss Hurts .
sorry to hear you have lost real money, that is never good - but it will teach you a valuable lesson as you move forward, there is more to trading than just the strategy, the strategy is just a framework, trading is MOSTLY about YOUR risk and money management in order to attain consistency - without it, you will not know what to do when a trade moves against you - WITHOUT A PLAN, you will act on your emotions instead - this is what you have to overcome - use demo trading to draft the plans by putting yourself through all imaginable scenarios first, not just the ideal ones, and only then move back onto live trading with smallest possible lot sizes and only execute trades according to the PLANS

you will not get rich quick this way, and you must be very patient, but you can achieve consistent profits if you want to...
every minute matters!
  • #5,346
  • Apr 26, 2023 9:19pm Apr 26, 2023 9:19pm
Quoting niks
{quote} sorry to hear you have lost real money, that is never good - but it will teach you a valuable lesson as you move forward, there is more to trading than just the strategy, the strategy is just a framework, trading is MOSTLY about YOUR risk and money management in order to attain consistency - without it, you will not know what to do when a trade moves against you - WITHOUT A PLAN, you will act on your emotions instead - this is what you have to overcome - use demo trading to draft the plans by putting yourself through all imaginable scenarios...
Agreed 100%, thanks for your insight!
  • #5,347
  • Apr 26, 2023 10:22pm Apr 26, 2023 10:22pm
Quoting cpfleger
M5 USDCAD KoF V6 Template {file}
the arrows indicator rapaint?
  • #5,348
  • Apr 27, 2023 2:17am Apr 27, 2023 2:17am
Quoting fateh888
sorry Abade i will not be able to share more detail about loss today. But all i can tell i did cost average starting lot 0.01 on 1600$ account and lost 30% plus on EURUSD SELL. Chart making me crazy at the moment. Loss Hurts .
I think i post it earlier. 1600 Dollar is to small for this style of trading, IF you start it as new trader using this approach. I would do not trade this without having minimum 5000 Euro and maximum 0.01 lot, IF not want taking a loos meanwhile to sit out all the drawdown. Keep not up and prepare your plan first.
Perfection is the enemy of good enough!
  • #5,349
  • Apr 27, 2023 2:45am Apr 27, 2023 2:45am
Quoting niks
{quote} hey josh and chucun - you can get it from here - Recent Candles
Thanks Niks,

How did you get the moving averages on the multiple time frames?
  • #5,350
  • Apr 27, 2023 3:36am Apr 27, 2023 3:36am
Quoting cpfleger
Abade / Gents, It's the last week in April 2023 and part of April's act of kindness, I hope everyone has had fun talking, trading and enjoying themselves here within Abade's Countertrend Scalping Forum, I have had fun also. I am off this Forum as of today for greener pastures as a retired man and I wish everyone the best in their trading business. Thanks again Abade and Viewers, Have a great life. cpfleger
Thanks for your contribution, cpfleger. And thanks for answering all the questions I had. I regret for lurking in the forums and holding my questions back for too long. But anyway, I will review all your past posts in this thread and hope to catch up the lost time.

All the best and my deepest appreciation to your time and dedication~
  • #5,351
  • Apr 27, 2023 3:55am Apr 27, 2023 3:55am
Quoting Abade
{quote} Agreed 100%, thanks for your insight!
my pleasure Abade, i think we all know the feeling! the take away is that consistent demo profits ARE NOT THE SAME as consistent live profits, they are two different disciplines...
every minute matters!
  • #5,352
  • Edited 6:57am Apr 27, 2023 4:03am | Edited 6:57am
Quoting Chucun
{quote} Thanks Niks, How did you get the moving averages on the multiple time frames?
thats ok, the author deserves the thanks for publishing it though, there are other versions i think like pipware, you might also find a modified version of the one i linked you to

pipware mini charts

the one in my snapshot is an mt5 version i knocked up myself
every minute matters!
  • #5,353
  • Apr 27, 2023 4:07am Apr 27, 2023 4:07am
Quoting Given1988
{quote} Only BASIC ema strategy
excellent, please feel free to share your approach...
every minute matters!
  • #5,354
  • Apr 27, 2023 5:49am Apr 27, 2023 5:49am
Quoting fateh888
scusa Abade, non sarò in grado di condividere maggiori dettagli sulla perdita oggi. Ma tutto quello che posso dire di aver costato in media un lotto iniziale di 0,01 su un conto da 1600 $ e di aver perso il 30% in più su EURUSD SELL. Il grafico mi sta facendo impazzire in questo momento. La perdita fa male.

my friend I am sorry for your loss. your only mistake was the timing. this system does not work well during the news and when the markets open. yesterday news on Euro and Dollar together caused that sharp rise where you had your loss. remember, avoid news and market opening hours.
  • #5,355
  • Edited 11:44am Apr 27, 2023 8:55am | Edited 11:44am
Quoting cpfleger
Just simple trading today... {image}
Cpfleger ,
I have an Idea , How about adding Heikenashi Rsi to your system ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-27 171652.png Size: 19 KB
I haven't come this far to only come this far !
  • #5,356
  • Apr 27, 2023 10:11am Apr 27, 2023 10:11am
Which template is that. Looks good.
  • #5,357
  • Apr 27, 2023 11:40am Apr 27, 2023 11:40am
Quoting rcbarlow
Which template is that. Looks good.
This is the same template used by cpfleger ( you can find it in previous posts ) , I just added HARSI and Parabolic SAR .
I haven't come this far to only come this far !
  • #5,358
  • Apr 27, 2023 11:54am Apr 27, 2023 11:54am
KoF V6 - Trade EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 90 KB
  • #5,359
  • Apr 27, 2023 12:04pm Apr 27, 2023 12:04pm
Quoting fateh888
I have been trading for over a year demo . I got to Know King of Forex when he had his subscriber hidden (I mean when he started ). I tested his strategy alot . But there is always a time when his strategy EMA didn't work. I also bought both his course. Sorry but useless . All his knowledge is available on Youtube. Expect 1% which is just buy above 200 EMA . Sell below 200 EMA and look for Greater distance between EMA. Now i feel Hopeless .. but i don't want you guys to be demotivated by me. I think Forex should be last thing i should focus on....
Hi pal, dont pay anyone for courses etc. I have more material than will ever need and its free no payment BS or some idiot guru nonsense
  • #5,360
  • Apr 27, 2023 12:56pm Apr 27, 2023 12:56pm
Quoting cpfleger
Abade / Gents, It's the last week in April 2023 and part of April's act of kindness, I hope everyone has had fun talking, trading and enjoying themselves here within Abade's Countertrend Scalping Forum, I have had fun also. I am off this Forum as of today for greener pastures as a retired man and I wish everyone the best in their trading business. Thanks again Abade and Viewers, Have a great life. cpfleger
You've been a source of inspiration to me , hope to see you back again .
I haven't come this far to only come this far !
12 traders viewing now