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M1 Countertrend Scalping Strategy

  • #7,801
  • Jul 4, 2023 9:35am Jul 4, 2023 9:35am
Quoting xinitial
{quote} when naked, we can see everything
LMAO!
without patience how can you be a trader?
  • #7,802
  • Jul 4, 2023 9:36am Jul 4, 2023 9:36am
Quoting xinitial
Got it from old reading, hopefully it can be additional information for friends here. xinitial.{image}
thank you for this post great stuff!
without patience how can you be a trader?
  • #7,803
  • Jul 4, 2023 9:40am Jul 4, 2023 9:40am
M1 GBP scalps - beating the pound!
Attached Image (click to enlarge)
Click to Enlarge Name: 557DC9CC-DF27-43D8-B33B-EFAB16F7E825.png Size: 110 KB
every minute matters!
  • #7,804
  • Jul 4, 2023 9:43am Jul 4, 2023 9:43am
done for today
Attached Image (click to enlarge)
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Pip Student
  • #7,805
  • Jul 4, 2023 9:49am Jul 4, 2023 9:49am
Quoting deaftrader
{quote} Do you mind sharing the indicator settings in picture? Mine looks little off somewhere. Thanks.
Hope you like it.
Attached File(s)
File Type: tpl ribbon-dark.tpl   23 KB | 241 downloads
  • #7,806
  • Jul 4, 2023 9:49am Jul 4, 2023 9:49am
Quoting Steverino832
{quote} thank you for this post great stuff!
You are welcome.
  • #7,807
  • Jul 4, 2023 9:55am Jul 4, 2023 9:55am
Quoting xinitial
{quote} Hope you like it. {file}
Much appreciated for your file sharing. It looks much better.
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #7,808
  • Jul 4, 2023 10:08am Jul 4, 2023 10:08am
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Click to Enlarge Name: GBP.png Size: 31 KB
I haven't come this far to only come this far !
  • #7,809
  • Jul 4, 2023 10:13am Jul 4, 2023 10:13am
Quoting xinitial
The price of waiting. Enter when 1 wick candle, but after a few moments it becomes double wick. SL above the red X and TP on the green X. xinitial. {image}
I don't see any "X" points at my side. I am not sure if I miss one indicator out.
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #7,810
  • Jul 4, 2023 10:23am Jul 4, 2023 10:23am
I would like to share this HA alarm, I set it to 10. When 10 in same color before alarm.
Attached File(s)
File Type: mq4 Heiken Ashi Candle Count Alert.mq4   8 KB | 260 downloads
  • #7,811
  • Jul 4, 2023 11:15am Jul 4, 2023 11:15am
Quoting Karmaw
Other day... {image}
Would you mind explaining the logic for your entries , especially the second order ?
Thank you
I haven't come this far to only come this far !
  • #7,812
  • Jul 4, 2023 11:32am Jul 4, 2023 11:32am
Amiraven,
May I suggest you add either the zz Pip Counter Indicator or the Zwinner X Factor Indicator to enable you the HH and LL's of the Market and reduce your Risk / Drawdown. See me screenprint.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: KoF.jpg Size: 350 KB
  • #7,813
  • Edited 12:09pm Jul 4, 2023 11:56am | Edited 12:09pm
Quoting cpfleger
Amiraven, May I suggest you add either the zz Pip Counter Indicator or the Zwinner X Factor Indicator to enable you the HH and LL's of the Market and reduce your Risk / Drawdown. See me screenprint. cpfleger {image}
Sir , Thank you for sharing your advice with me !
My problem with indicators like Zwinner X factor is that they repaint ( I know the story about nail and hammer ) but I couldn't rely on them .
I find them somehow useful as a take profit signal, but How come they can reduce the risk of drawdown if I may ask ?
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I haven't come this far to only come this far !
  • #7,814
  • Jul 4, 2023 12:14pm Jul 4, 2023 12:14pm
Amiraven,
Most 1M Countertrend trades start too early including KoF. We try and use cost averaging as the reason buy either way YOU are into Drawdown too early for most Retail Traders Live Account Balance of less than 500 usd.

So with this fact, why should we enter early when need to time the entry better and later which brings in the HH or LL's of the Chart, i.e., Zwinner or ZZ Pip Counter Indicators. They allow to be more patient before entering early.

If you desire, I can show you tomorrow and add clarity on how to better time your entries.
cpfleger
  • #7,815
  • Jul 4, 2023 12:40pm Jul 4, 2023 12:40pm
Quoting cpfleger
Amiraven, Most 1M Countertrend trades start too early including KoF. We try and use cost averaging as the reason buy either way YOU are into Drawdown too early for most Retail Traders Live Account Balance of less than 500 usd. So with this fact, why should we enter early when need to time the entry better and later which brings in the HH or LL's of the Chart, i.e., Zwinner or ZZ Pip Counter Indicators. They allow to be more patient before entering early. If you desire, I can show you tomorrow and add clarity on how to better time your entries. cpfleger...
Sure , that would be very nice of you !
Best regards,
I haven't come this far to only come this far !
  • #7,816
  • Jul 4, 2023 12:49pm Jul 4, 2023 12:49pm
Quoting niks
M1 GBP scalps - picking lots of profits from the pound! {image} price action, ema's, volume and a brave heart are all you need to trade KoF style!
Nice work!
You're regularly killing it with all of the negative cost averaging just like KOF.
It feels like when I do that I always end up doing really well then I eventually blow an account, you really have a good hold of its implementation.
I will be focusing on positive cost averaging.
Cheers
  • #7,817
  • Jul 4, 2023 1:45pm Jul 4, 2023 1:45pm
Quoting Amiraven
{quote} Would you mind explaining the logic for your entries , especially the second order ? Thank you
first I make one or two entries (it depends) when the candle penetrates the bollinger band and later when it separates from the BB, it exceeds the 20 average and the rsi crosses it indicates that the price loses strength and I try to add positions in favor of the tendency. There it went very well but on other occasions the price does not do that and it turns against me, that is where I have to wait patiently again.

I operate with a very low lotage and I have a lot of free margin, that is very important.
  • #7,818
  • Jul 4, 2023 2:21pm Jul 4, 2023 2:21pm
Hi cpfleger is there any indicator on TradingView which looks or is similar to this Heiken Ashi?
  • #7,819
  • Jul 4, 2023 2:22pm Jul 4, 2023 2:22pm
You know man can’t always place trades on Pc
  • #7,820
  • Jul 4, 2023 3:08pm Jul 4, 2023 3:08pm
Huzy,
I do not use Trading View, so I do not know anything.
cpfleger
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