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M1 Countertrend Scalping Strategy

  • #8,181
  • Edited 5:18am Jul 10, 2023 5:08am | Edited 5:18am
did You Guys never had MASSIVE fail - 10-20 trades open and all BIG faill eventually ? i used similar technique some years ago but always eventually ruined most profits ?
please be honest?
  • #8,182
  • Jul 10, 2023 6:33am Jul 10, 2023 6:33am
d00lar,
I think you need to read the Forum, watch a few KoF Video's and see how others actually do win daily.
cpfleger
  • #8,183
  • Jul 10, 2023 6:41am Jul 10, 2023 6:41am
i known
but You guys never had day like this?
imho this should happen like 1-3 times per months at least?
  • #8,184
  • Jul 10, 2023 6:46am Jul 10, 2023 6:46am
d00lar,
Every Trader including KoF has had bad days, your no different and the majority of bad days are not the systems fault but usually the Trader.
cpfleger
  • #8,185
  • Jul 10, 2023 6:54am Jul 10, 2023 6:54am
imho system with no sl must faill eventually thats why im asking how often this is happening for You

how many reentrys untill You known that 'damn this is the one' ?
  • #8,186
  • Jul 10, 2023 6:59am Jul 10, 2023 6:59am
d00lar,
Since you have not taken the time to read this Forum, I will not tell you my style and technique as I have shown for many months my performance, but I have learned from my mistakes while others are still learning like you.....
cpfleger
  • #8,187
  • Jul 10, 2023 7:00am Jul 10, 2023 7:00am
Waitting......
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  • #8,188
  • Jul 10, 2023 7:02am Jul 10, 2023 7:02am
Quoting d00lar
imho system with no sl must faill eventually thats why im asking how often this is happening for You how many reentrys untill You known that 'damn this is the one' ?
you are correct, the basic ema strategy on its own will blow your account one day, that's why it is a basic strategy, not a complete strategy - mitigating the risk you describe requires risk and money management, a complete strategy in order to survive the toughest conditions...

you have already been advised to read the entire thread, i suggest you read it carefully if you really want to learn how to manage a drawdown, believe it or not, it is possible...
every minute matters!
  • #8,189
  • Jul 10, 2023 7:04am Jul 10, 2023 7:04am
Quoting d00lar
did You Guys never had MASSIVE fail - 10-20 trades open and all BIG faill eventually ? i used similar technique some years ago but always eventually ruined most profits ? please be honest?
My method of using this system being a US trader is

1. WAIT for the PSAR alert to trigger.
2. 1 -3 trades within a 10 - 15 pip range with stop loss according to zwinner
3. Let the trade play out.

you don't need 17 - 20 active trades to make money.
  • #8,190
  • Jul 10, 2023 7:05am Jul 10, 2023 7:05am
Quoting xinitial
Waitting...... {image}
man that's my sleeper trade how it goes just that way so I can jump in the market
  • #8,191
  • Jul 10, 2023 7:06am Jul 10, 2023 7:06am
xinitial,
What Art, what patience, what a great future opportunity...
cpfleger
  • #8,192
  • Jul 10, 2023 7:11am Jul 10, 2023 7:11am
Quoting Godspromise
{quote} man that's my sleeper trade how it goes just that way so I can jump in the market
I think I will fall asleep in front of the computer soon.
  • #8,193
  • Jul 10, 2023 7:12am Jul 10, 2023 7:12am
charlienoble,
Your absolutely correct, one trade a day keeps the bills paid....
cpfleger
  • #8,194
  • Jul 10, 2023 7:16am Jul 10, 2023 7:16am
Quoting cpfleger
xinitial, What Art, what patience, what a great future opportunity... cpfleger
and What performance .
xinitial.
  • #8,195
  • Jul 10, 2023 7:18am Jul 10, 2023 7:18am
Stealling gold.
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  • #8,196
  • Jul 10, 2023 7:20am Jul 10, 2023 7:20am
Quoting cpfleger
charlienoble, Your absolutely correct, one trade a day keeps the bills paid.... cpfleger
cpfleger I am serious about trading I believe I have what it takes to be very good I read trades very well so far but sometimes I am a bit too greedy thinking i can get a little more out of the market before i bounce just need a bit more guidance
  • #8,197
  • Jul 10, 2023 7:23am Jul 10, 2023 7:23am
Quoting Godspromise
{quote} cpfleger I am serious about trading I believe I have what it takes to be very good I read trades very well so far but sometimes I am a bit too greedy thinking i can get a little more out of the market before i bounce just need a bit more guidance
Trailing stop loss
  • #8,198
  • Jul 10, 2023 7:25am Jul 10, 2023 7:25am
Quoting charlienoble
{quote} Trailing stop loss
how do you do it on mt5? I don't know how to do trailing stop loss please help
  • #8,199
  • Jul 10, 2023 7:25am Jul 10, 2023 7:25am
xinitial,
There is only one Smoothed Criminal here, find your own statements from the original thief, arhhhhhhhhhhhhhhhh.
cpfleger
  • #8,200
  • Jul 10, 2023 7:26am Jul 10, 2023 7:26am
Godspromise,
charlienoble answered you quickly, learn to use the Platform tools.
cpfleger
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