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Attachments: M1 Countertrend Scalping Strategy
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M1 Countertrend Scalping Strategy

Quoting cpfleger
Gents, Thank you for allowing an old man to enjoy himself here. My Absolute Art for your eyes only. cpfleger {image}
very nice! good morning
without patience how can you be a trader?
Quoting cpfleger
Gents, Thank you for allowing an old man to enjoy himself here. My Absolute Art for your eyes only. cpfleger {image}
Cpfleger,

Very Happy to see your amazing post again here , would you mind giving your opinion about Heikenashi Rsi on post #5355 ?

thank you
I haven't come this far to only come this far !
Quoting rcbarlow
{quote} There are several different templates. That is why I asked which one. Also, how did you get this on Tradingview? Thanks
Sir ,
This is MT4 platform not Tradingview.
I hope you can find the screenshot and template helpful.
You can find the full cpfleger's template and ruleset here: https://www.forexfactory.com/thread/...3#post14318063
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Attached File(s)
File Type: rar KoF EMAs+HARSI.rar   610 KB | 255 downloads
I haven't come this far to only come this far !
Quoting cpfleger
Gents, Thank you for allowing an old man to enjoy himself here. My Absolute Art for your eyes only. cpfleger {image}
I hope you enjoy more and I can learn more here.
Quoting cpfleger
Gents, Thank you for allowing an old man to enjoy himself here. My Absolute Art for your eyes only. cpfleger {image}
hi mr cpfleger, may i know setting SAR for this template. thank you for kindnes help
Sunday Trading Challenge via the UK...
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First off, a huge thank you is owed to Abade for starting this thread and cpfleger for all the effort, work, patience, examples, templates, indicators, versions, and mentorship. There are several others who have contributed a lot to the knowledge. Even the mistakes, and how they were mentored out of them, were beyond valuable. I've spent the last few weeks reading every letter of this thread when I had time. I tried to get it all to work on tradingview,as that's where my experience lies, but I just couldn't find anything as good as the supdem box indi. So I installed the Oanda version of MT4, loaded all the indies and template for KoF EMS V3, and I'm going to town praccticing. I also like the OG V1 but with the trend continuation indi. However, V3 feels like the bee's knees to me.

Just wanted to say thanks and to start sharing my paper trades from a $1000 demo account. Spreads are dumb for the times I have to trade (after 5pm Arizona time). I'll look into the no/low spread with commissions if the spread continues to be a hinderance. I'm going for the 5 min to try and mitigate the spreads. I originally took about 5 trades just playing around to get used to MT4 and the system. Still made a tiny profit on those. Now I'll show the entry and in profit of the first "by the rules" trade on m5.

Tests patience waiting for everything to line up but comforting to know I have concrete confirmations to look for.
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In profit!
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TP crushed! Liking the system in practice a lot.

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Quoting niks
{quote} the status of the strategy as initially published has not changed - i have been trading it live daily for six months with small but consistent weekly profits after many months of successful demo trading and planning i'm still using smaller lot sizes on my live account and still suffer many drawdowns and sporadic losses - live trading is a development process that continually evolves and is never set in stone, demo trading just provides a foundation to work from - just remember this is a VERY high risk strategy that must be traded responsibly...

Thank you so much for your time and effort to explain me the strategy, niks!!! I will practice first in demo!!!
"By the rules" trade #2 is a go!

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Well damn, aren't large spreads annoying! Look at the tap into TP but spread said no. Waiting it out currently. Might have to close. I'm at work so i wasn't able to super keep an eye on it, otherwise would have manually closed at 20 ema.

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For anybody using MT5 and/or having timing problems, I found this nifty contrarian indicator that doesn't repaint or lag:

https://www.mql5.com/en/market/produ...06#description

Here is the MT4 version:

https://www.mql5.com/en/market/produ...Free+Rating006

Important note: You may need to be logged into a MQL5 account inside the website AND your trading platform to download and use the MQL5 market indicators. They will be downloaded into the "Market" sub-folder.

It looks very accurate:

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You can use it to trigger your entries and to time (or lock) your exits by using the opposite signal.

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Just don't forget to keep using the EMAs to help you see the bigger picture and target zones.
Quoting Abade
For anybody using MT5 and/or having timing problems, I found this nifty contrarian indicator that doesn't repaint or lag: https://www.mql5.com/en/market/produ...06#description It looks pretty accurate: {image} You can use it to trigger your entries and to time (or lock) your exits by using the opposite signal. {image} Just don't forget to keep using the EMAs to help you see the bigger picture and target zones.
MT4 as well
https://www.mql5.com/en/market/produ...Free+Rating006
Quoting dantpm
{quote} MT4 as well https://www.mql5.com/en/market/produ...Free+Rating006
Thank you!
Quoting Abade
{quote} Thank you!
I know your goal is to minimize the indicators that you are looking at but I added a dual RSI to confirm or validate your contrarian indicator.
Blue 14 RSI line uses 70 and 30 for thresholds, magenta 7 uses 80 and 20, a leading indicator.
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Quoting dantpm
{quote} I know your goal is to minimize the indicators that you are looking at but I added a dual RSI to confirm or validate your contrarian indicator. Blue 14 RSI line uses 70 and 30 for thresholds, magenta 7 uses 80 and 20, a leading indicator. {image}
They are very similar. The Dark Inversion seems to give a few more early signals that the oscillator is missing.
Quoting Abade
{quote} They are very similar. The Dark Inversion seems to give a few more early signals that the oscillator is missing.
I was focusing on where both sets of indicators are saying the same thing. Bigger moves. Thins out the chop. Time Frame is important too.
Quoting dantpm
{quote} I was focusing on where both sets of indicators are saying the same thing. Bigger moves. Thins out the chop. Time Frame is important too.
I suspect the indicator is a disguised oscillator (RSI, CCI, STC?) with a slightly faster cycle. Nevertheless, I prefer to have all the information next to my candles, instead of a separated window, it's a bit less strain for the eye muscles.
Quoting Abade
For anybody using MT5 and/or having timing problems, I found this nifty contrarian indicator that doesn't repaint or lag: https://www.mql5.com/en/market/produ...06#description Here is the MT4 version: https://www.mql5.com/en/market/produ...Free+Rating006 It looks very accurate: {image} You can use it to trigger your entries and to time (or lock) your exits by using the opposite signal. {image} Just don't forget to keep using the EMAs to...
Thanks
I haven't come this far to only come this far !
Quoting Abade
{quote} I suspect the indicator is a disguised oscillator (RSI, CCI, STC?) with a slightly faster cycle. Nevertheless, I prefer to have all the information next to my candles, instead of a separated window, it's a bit less strain for the eye muscles.
Me too but have you found the indicator that can read the dual RSI and tell you the direction that the RSI is moving and whether the move is accelerating or slowing?
The other one that I use is a dual MACD (4,8,4 and 8,48,8) with the same question, I need to know when both macd's have crossed, are pointing in the same direction and whether the lines are moving apart or not as a entry signal and whether the slower signal crosses as an exit signal. Come up with that indicator on the candles and I will sign up!
I am always looking for the right way to complement this setup. It works well.
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Quoting CarlosE84
{quote} Thank you so much for your time and effort to explain me the strategy, niks!!! I will practice first in demo!!!
your very welcome carlos! best of luck on your journey, take your time, practice AS MUCH as you can, and make sure you feel prepared for every worst case scenario before trading live and start off small until your performance is proven before scaling up, this will take many months
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Terpinko