M1 Countertrend Scalping Strategy

Quoting niks

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{quote} very nice M1 countertrend scalps and performance amiraven - the trend was against you on the longs so well done! as you are progressing very well with countertrend, it may be worth considering the following extension of the KoF ema system and how it may have played out in this scenario... 1\ price topped out making a lower high 2\ support level is being approached and a break may signal a downtrend 3\ support level broke and held now ema50 is about to cross ema200 your first set of countertrend longs were good catching the inevitable pullback,...

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Quoting Amiraven

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{image}

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Quoting niks

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{quote} always a pleasure amiraven, just hope it makes sense! great trades, in and out within minutes in true scalping style!!! the gold trade exits and volumes leapt out at me as i look at it in hindsight... the sharp increase in volume circled resulted in a sharp down move, suggesting sellers are in force, then the up move is made with lowering volume, suggesting it is weak and that an increase in volume will lower price again... {image} keep them coming!

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Quoting Amiraven

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{image}

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Quoting niks

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{quote} always a pleasure amiraven, just hope it makes sense! great trades, in and out within minutes in true scalping style!!! the gold trade exits and volumes leapt out at me as i look at it in hindsight... the sharp increase in volume circled resulted in a sharp down move, suggesting sellers are in force, then the up move is made with lowering volume, suggesting it is weak and that an increase in volume will lower price again... {image} keep them coming!

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Quoting josh1111

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{quote} Hey Niks any chance you could share some account history from your Metatrader platform not just tradingview snapshots? Would love to see your actual results! Are you making any real dollars with all of that Negative Cost Averaging? How many accounts have you blown with this approach? Thanks

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Quoting Amiraven

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{image}

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Quoting Abade

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{quote} Hello friend, I'm attaching the file: {file} And source: https://www.mql5.com/en/code/28523 The indicator needs some tweaks to be useful and less intrusive in my opinion: 1) The most important setting to change is "Maximum Color" from "none" to any color of your preference (this points to the POC). 2) The second most important thing is to change the range of calculations to something that makes sense for current market conditions by moving both of the vertical lines (in blue and red): {image} 3) If you pick a whole day for measure...

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Quoting niks

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{quote} hey josh, i have posted a recent update of my account history from my metatrader accounts here, it takes time to compile this information as you might appreciate - i will post updates in future... i do not use trading view, my snapshots are from apple ios MT5 or windows MT5 i prefer to share my trades rather than results, i find no value in sharing results and would rather focus on risk and drawdown management and how others deal with it, my snapshots are clear enough...

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Quoting sonicvista12

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{quote} Hi niks i really appreciate you sharing your trade history here, and sharing the losing trades too, not just the winners... you are an inspiration to continue with this strategy, trading it where it makes sense. I will post some of my results when I am comfortable doing so (plus I trade with institutional orderflow, so sometimes that means trading with the expansion, not against it, until the expansion is exhausted), but in the meantime wanted to recognize your achievements thus far. MantisClaw/sonicvista12

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