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M1 Countertrend Scalping Strategy

  • #6,021
  • Jun 3, 2023 7:43am Jun 3, 2023 7:43am
Quoting cpfleger
encryptedehs, Or take half off at 100 and close the remaining at 200 IF the Market feels right. cpfleger
When One have too many open ordera it's difficult to close halfs. Then it becomes a decision point I either close it all or keep hoping it will reach to 200ema. When it bounce on 100 and starts to go against that's when hope turns disaster. Now I don't want to loose what I saw amd strats taking me to the deeper drawdowns.
Protect your capital
  • #6,022
  • Edited 3:23pm Jun 3, 2023 7:54am | Edited 3:23pm
Quoting abokwaik
This system has its own rules for working with a trend, as well as rules for working with a flat. The settings are attached to the message (compressed file (.rar) - unpack WinRAR and open the file "Pub.jpg" The screenshot shows the main inputs associated with TMA. We will talk about scalping on minute charts (M1), one of the most difficult ways to trade forex. The Scalp Inc system is focused on working with different types of markets, because all of you are probably familiar with the situation when a strategy that trades well in a trend shows weak...
I welcome everyone. I'm sorry that many people have problems with this file. Now the settings will be indicated in the archive, in the file "Screenshot.jpg"
Attached Image (click to enlarge)
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But it also needs to be opened through the winrar program (https://www.win-rar.com) It is free and I I don't think you will have any problems installing it.
Unfortunately, other archivers cannot do this.
{ virus risk deleted by staff }
No guts, no glory
  • #6,023
  • Jun 3, 2023 8:05am Jun 3, 2023 8:05am
Quoting abokwaik
{quote} I welcome everyone. I'm sorry that many people have problems with this file. Now the settings will be indicated in the archive, in the file "Screenshot.jpg" {image} But it also needs to be opened through the winrar program (https://www.win-rar.com) It is free and I I don't think you will have any problems installing it. Unfortunately, other archivers cannot do this. {file}
It seems to be no way to unpack on a mac - or do you know a way?
  • #6,024
  • Jun 3, 2023 9:40am Jun 3, 2023 9:40am
abokwaik,
Still does not work, why can't you just follow the forum and attach or use the Paperclip.
Its not hard to follow the FF Rules.
cpfleger
  • #6,025
  • Jun 3, 2023 10:00am Jun 3, 2023 10:00am
Quoting abokwaik
{quote} I welcome everyone. I'm sorry that many people have problems with this file. Now the settings will be indicated in the archive, in the file "Screenshot.jpg" {image} But it also needs to be opened through the winrar program (https://www.win-rar.com) It is free and I I don't think you will have any problems installing it. Unfortunately, other archivers cannot do this. {file}
Hi abokwaik,

how to attach these files to mt4 ? there are no .ex4, mq4 or .set and .tpl ?

xinitial
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  • #6,026
  • Jun 3, 2023 4:44pm Jun 3, 2023 4:44pm
Just another successful saturday....
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  • #6,027
  • Jun 3, 2023 5:29pm Jun 3, 2023 5:29pm
Steady and positive....

No new system required here, old one works just fine....
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  • #6,028
  • Jun 3, 2023 6:47pm Jun 3, 2023 6:47pm
Inserted Video
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  • #6,029
  • Jun 3, 2023 6:49pm Jun 3, 2023 6:49pm
Gents,
Watch the above YouTube Video this weekend and learn about the US Economy with an open mind.
Subscribe if it amazes YOU.
cpfleger
  • #6,030
  • Jun 3, 2023 7:00pm Jun 3, 2023 7:00pm
encryptedeh said:
I am facing big drawdown on xauusd. Eager to see how price react going forward. Need your suggestions what I could do to not fall for this trap.

It looks like you took those trades leading into NFP, something I would not recommend. It's one of the biggest news events of the month. And given the US Debt Ceiling had just been raised, the large institutions bought USD and sold off Gold.
I'm not a fundamental trader, but it is essential to know what's happening around you.

Not sure I got the process of replying right, sorry about that
We don't see things as they are - we see things as we are.
  • #6,031
  • Jun 3, 2023 7:05pm Jun 3, 2023 7:05pm
sonicvista12,
You did define whom you are replying to but I will answer you by saying - have you ever watched a or any KoF Youtube Video's from page 1 of this Forum, because if you had you would be aware of the opportunity every news session and the NFP is the best due to increase of volume. Volume makes scalping easier and prfits faster but it is clear you are not aware of this factoid. Enjoy the videos.
cpfleger
  • #6,032
  • Jun 3, 2023 7:09pm Jun 3, 2023 7:09pm
Quoting cpfleger
https://www.youtube.com/watch?v=m1zMaemSRQY {image}
you and I are old enuff to have seen a few recessions. a lot of younger people have never seen one.
without patience how can you be a trader?
  • #6,033
  • Jun 3, 2023 7:41pm Jun 3, 2023 7:41pm
Quoting cpfleger
sonicvista12, You did define whom you are replying to but I will answer you by saying - have you ever watched a or any KoF Youtube Video's from page 1 of this Forum, because if you had you would be aware of the opportunity every news session and the NFP is the best due to increase of volume. Volume makes scalping easier and profits faster but it is clear you are not aware of this factoid. Enjoy the videos. cpfleger
Hi cpfleger
Yes I have watched all 33 KOF instructional videos on Youtube, I referenced them all in an earlier post when I made the observation about their starting times and posted a photo of that (he started them all between either 13:00-14:00 or 17:00-18:00 MT4 time, not in the peak hours).
I am aware of increased VOL and volatility around news times. I am also aware of institutional orderflow, and in this case it was into USD and out of gold, which is why I shorted gold after NFP, knowing that the VOL & volatility was very strong.
I hope for encryptedeh's position that gold reverses on Monday.
I was only trying to help.
MantisClaw/sonicvista12
We don't see things as they are - we see things as we are.
  • #6,034
  • Jun 3, 2023 8:51pm Jun 3, 2023 8:51pm
Quoting cpfleger
Damn, I forgot the Template, too many files. cpfleger lpp, Change is coming - Bob Dylan {file}
Today I come across this topic and try your template. I am looking forwards to tomorrow's markets and experiment on this.
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We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #6,035
  • Jun 3, 2023 9:31pm Jun 3, 2023 9:31pm
Quoting deaftrader
{quote} Today I come across this topic and try your template. I am looking forwards to tomorrow's markets and experiment on this. {image}
Welcome deaftrader
without patience how can you be a trader?
  • #6,036
  • Jun 3, 2023 10:43pm Jun 3, 2023 10:43pm
Quoting cpfleger
Saturday Bitcoin experimentation.... {image}

Interesting bands indicator! Where did you get it from?
  • #6,037
  • Jun 4, 2023 12:11am Jun 4, 2023 12:11am
Quoting sonicvista12
encryptedeh said: I am facing big drawdown on xauusd. Eager to see how price react going forward. Need your suggestions what I could do to not fall for this trap. It looks like you took those trades leading into NFP, something I would not recommend. It's one of the biggest news events of the month. And given the US Debt Ceiling had just been raised, the large institutions bought USD and sold off Gold. I'm not a fundamental trader, but it is essential to know what's happening around you. Not sure I got the process of replying right, sorry about that...
Thank you for your explanation. I will keep this mind.
Protect your capital
  • #6,038
  • Jun 4, 2023 1:45am Jun 4, 2023 1:45am
Quoting encryptedehs
{quote} Thank you for your explanation. I will keep this mind.
also keep in mind it might be hard to concentrate on trading while fishing! that aside, may i ask you, when you asked for advice on when to take profits, why you did NOT protect your profits with at least breakeven stop loss?
every minute matters!
  • #6,039
  • Jun 4, 2023 1:49am Jun 4, 2023 1:49am
Quoting sonicvista12
encryptedeh said: I am facing big drawdown on xauusd. Eager to see how price react going forward. Need your suggestions what I could do to not fall for this trap. It looks like you took those trades leading into NFP, something I would not recommend. It's one of the biggest news events of the month. And given the US Debt Ceiling had just been raised, the large institutions bought USD and sold off Gold. I'm not a fundamental trader, but it is essential to know what's happening around you. Not sure I got the process of replying right, sorry about that...
excellent advice - or if your going to trade pre news, close all positions well prior to announcement if you are not comfortable with a drawdown - then trade post news when things have settled down a bit - trading during the news is only for very advanced and adventurous traders...
every minute matters!
  • #6,040
  • Jun 4, 2023 3:14am Jun 4, 2023 3:14am
Quoting niks
{quote} also keep in mind it might be hard to concentrate on trading while fishing! that aside, may i ask you, when you asked for advice on when to take profits, why you did NOT protect your profits with at least breakeven stop loss?
Thank you Niks. Part of the reason is that I am new to cost averaging and It was my plan to test the strategy by letting it run into a strong draw down so I can learn and safeguard in future.
Tomorrow I will see if gold retraces and gives me a break even. If not, I might will have to force close with loss and of course will refrain from trading cost averaging during strong news events like nfp, interest rate etc. Also a failure of retracement to break even would also mean I might rather follow cpfleger's path of trading rsidiv, lwma, continuation & HA combination method with stop loss and small tp.
Protect your capital
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