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M1 Countertrend Scalping Strategy

  • #8,761
  • Aug 3, 2023 2:51am Aug 3, 2023 2:51am
Quoting Steverino832
{quote} The KoF approach is the same as any other, and it works we see it daily, and some of us trade it. the holy grail is the trader, no trading approach is 100% Perfect.
it all comes down to the trader in the end. I am trying to work on my trade execution before implementing KOF strategy
  • #8,762
  • Aug 3, 2023 2:55am Aug 3, 2023 2:55am
and it was the right decision to wait more ...

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  • #8,763
  • Aug 3, 2023 3:10am Aug 3, 2023 3:10am
Need to wait
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  • #8,764
  • Aug 3, 2023 3:40am Aug 3, 2023 3:40am
Quoting mbfx
{quote} it all comes down to the trader in the end. I am trying to work on my trade execution before implementing KOF strategy
good to see you are prepared to work hard on your success! it helps a lot if you can countertrend into the overall trend direction... the signals should "appear" more reliable! best of luck to you...
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every minute matters!
  • #8,765
  • Aug 3, 2023 3:52am Aug 3, 2023 3:52am
Quoting niks
{quote} good to see you are prepared to work hard on your success! it helps a lot if you can countertrend into the overall trend direction... the signals should "appear" more reliable! best of luck to you... {image}
thank you so much
  • #8,766
  • Aug 3, 2023 4:39am Aug 3, 2023 4:39am
anyone else is tempted by Gold???

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XAUUSD T15
  • #8,767
  • Aug 3, 2023 4:45am Aug 3, 2023 4:45am
mbfx,
See screenprint.
cpfleger
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  • #8,768
  • Aug 3, 2023 5:16am Aug 3, 2023 5:16am
Quoting cpfleger
mbfx, See screenprint. cpfleger {image}
oh okay. but I thought that we were supposed to wait for the PSAR to get underneath and wait for another candle. and gann line should be hugging the candle.
  • #8,769
  • Aug 3, 2023 6:12am Aug 3, 2023 6:12am
Quoting niks
{quote} now that's M1 scalping! ripping trades amiraven, well done, there were PLENTY of opportunities yesterday i had no time to do anything else, unfortunately i was stuck on my screen all day MAKING MONEY!!!
Thank you Niks !
I haven't come this far to only come this far !
  • #8,770
  • Aug 3, 2023 6:16am Aug 3, 2023 6:16am
Quoting Darwati
{quote} Amiraven , Try adding Red and Blue cross arrows as an option to close orders and change cloud color according to other indicators then you can build an EA with close order Buy if Blue Cross and close order sell if Red Cross Good Luck {image}
Sure , would you mind sharing the list of indicators and the setting ?
Thanks
I haven't come this far to only come this far !
  • #8,771
  • Aug 3, 2023 7:15am Aug 3, 2023 7:15am
A little pips before news.
xinitial.
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  • #8,772
  • Aug 3, 2023 7:46am Aug 3, 2023 7:46am
Pips after news,
3 candles rule by cpfleger
xinitial.
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  • #8,773
  • Aug 3, 2023 8:02am Aug 3, 2023 8:02am
Quoting Amiraven
{quote} Sure , would you mind sharing the list of indicators and the setting ? Thanks
In short you can use Ichimoku MTF , and set it on TF 15

To color the cloud, of course you have to be able to use MetaEditor

For example RSI for cloud color

If RSI > 50 then the SpanA and SpanB Histograms are Green
If the RSI <50 then the SpanA and SpanB Histograms are red

you can use standard (Ichimoku or 9,26,104 )and (RSI 100 (not RSI 14) or RSI-MA)

Ichimoku is an indicator that at a glance can see the direction of the trend
You can also use the MarCo-MA2Color Indicator on TF 15 as a complement to Ichimoku

If Tenkansen is under the cloud on TF15, you can sell only with the KOF / Cpfleger technique on TF5/TF1 Vice Versa for Buy only

The Cross Arrow I mean is if Tenkansen is in the cloud and is enabled for Close Orders or No Open Orders

Cross and Dot Arrow in My Indicator = Tenkansen
Color MiddleLine in Cloud = Color MarCo-MA2Color Indicator
Color Cloud= Color RSI-MA

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  • #8,774
  • Aug 3, 2023 8:25am Aug 3, 2023 8:25am
Quoting Darwati
{quote} In short you can use Ichimoku MTF , and set it on TF 15 To color the cloud, of course you have to be able to use MetaEditor For example RSI for cloud color If RSI > 50 then the SpanA and SpanB Histograms are Green If the RSI <50 then the SpanA and SpanB Histograms are red you can use standard (Ichimoku or 9,26,104 )and (RSI 100 (not RSI 14) or RSI-MA) Ichimoku is an indicator that at a glance can see the direction of the trend You can also use the MarCo-MA2Color Indicator on TF 15 as a complement to Ichimoku If Tenkansen is under the cloud...
Thank you very much for the detailed response !
It seems that you also have some kind of bands on your chart ,may I ask what the advantage of using them is ?
I haven't come this far to only come this far !
  • #8,775
  • Edited 8:56am Aug 3, 2023 8:41am | Edited 8:56am
Quoting Amiraven
{quote} Thank you very much for the detailed response ! It seems that you also have some kind of bands on your chart ,may I ask what the advantage of using them is ?
I use manual bands, for example EMA 100 which is added by 500 points will be the Upper Band (As a reference for Close Buy)
and minus 500 points will be the lower band (As a reference for Close Sell)

If you are a day trader, you must have a reference when to close your order
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  • #8,776
  • Aug 3, 2023 8:53am Aug 3, 2023 8:53am
Darwati,
Another excellent system.
cpfleger
  • #8,777
  • Aug 3, 2023 8:58am Aug 3, 2023 8:58am
Quoting cpfleger
Darwati, Another excellent system. cpfleger
Just trying to complement Kof/Cpfleger
  • #8,778
  • Edited 9:57am Aug 3, 2023 9:25am | Edited 9:57am
Just a quick update as I start my work day.

Final two AUDUSD trades from last night hit TPs at 5:45am Arizona time, just after I woke up LOL. 18.1 pips:
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Will be back at it after work. See ya.
  • #8,779
  • Aug 3, 2023 11:40am Aug 3, 2023 11:40am
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without patience how can you be a trader?
  • #8,780
  • Aug 3, 2023 11:44am Aug 3, 2023 11:44am
Steverino832,
Excellent dude.
cpfleger
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