M1 Countertrend Scalping Strategy

Yesss

Crappy market today , finaly i got out

You added more positions or closed ?
its on drawdown

Watching for pullback on NAS100 currently at about a one year high.

Thursday Gold Rush...

You guys are doing good today.
cpfleger

that's good... feel free to post snapshots of your trades as well - also be aware that the code i have seen of the trade report you are using from what i can tell is reporting gross pips and p\l, and NOT net, so you will not see commissions or swaps deducted from these values as they should if they are net values... unless you have a modified version

info[index].nettPIPs += ( lastPrice - OrderOpenPrice() ) * pipFactor;


and as for the drawdown calculation, i'm not sure how that is possible using just historical order history, how are the extremums calculated for any order without tick data?

managing drawdown for a countertrend trade during a tough trend is always tough - but with enough exposure and continual development of risk and money management for the pair being traded, a solid plan must be able to withstand a 1000+ pips running loss, which with the incorrect use of cost averaging of say 10 orders in close succession, then a 100 pip move is now 10x 100 pips in running loss and doesn't leave much breathing space...

if i find myself in significantly more than roughly 10% drawdown under this scenario, then i'm exposing myself to significant capital risk... that is why i spread my orders as price moves against me and then eventually stop, so even if i have 10 orders with a 100 pip move, its most likely my last order would be at the bottom of the 100 pip move and my drawdown less than 10% now allowing a further move of a few hundred pips if necessary...

ideally, we never end up in this situation!

Hi, what oscillator is below the RSI? Thanks

Eur/Usd buy from yesterday hit TP today.

your not alone present, GU buy trades from yesterday, hit TP today!

I was down 3,000 pips on 17 entries last week. Came back to 300 pips profit at closing. It took 5 days, including the weekend. I learned a lot about managing my margin from it. It was stressful, but well worth it. I'm a better trader now.

with TMA distance 56-2. I also use the red knight power levels.

Drawdown Diet....

Process Master...

As predicted...

Almost time for more UJ

Trading is an ART.

Synergy Pro 2007 Paid System with alittle help from his friends called PSAR and look at this old system now, absolute greatness.

For a loss