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M1 Countertrend Scalping Strategy

  • #8,901
  • Aug 7, 2023 5:27am Aug 7, 2023 5:27am
Quoting zkchyo
{quote} Sometimes I just can't tell the difference between trend strategy in full ema strategy and 1%.
there isn't any difference, they both use the same method of following the trend, the ema concepts remain the same - the difference is in the way risk is managed - the 1% strategy is much simpler, a lot less work and a lot more profitable than the ema strategy but it is also MUCH HIGHER risk...


Quoting hostwey
{quote} But provided you have sound risk and money management and enough "dry powder" in the form of margin, its possible to recover!
spot on, you're doomed without it!
every minute matters!
  • #8,902
  • Edited 6:18am Aug 7, 2023 5:32am | Edited 6:18am
Here are some scripts that I modified from CliffJaded's. Since I always target MA to take profit, I modified them to tp at MA20, 50 and 200 and set hotkeys.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB


I find it very convenient and want to share with the community.
Attached File(s)
File Type: ex4 ModifyTP20.ex4   6 KB | 257 downloads
File Type: mq4 ModifyTP20.mq4   3 KB | 266 downloads
File Type: ex4 ModifyTP50.ex4   6 KB | 299 downloads
File Type: mq4 ModifyTP50.mq4   3 KB | 248 downloads
File Type: ex4 ModifyTP200.ex4   6 KB | 234 downloads
File Type: mq4 ModifyTP200.mq4   3 KB | 265 downloads
File Type: ex4 ModifySL200.ex4   7 KB | 238 downloads
File Type: mq4 ModifySL200.mq4   3 KB | 240 downloads
  • #8,903
  • Aug 7, 2023 5:35am Aug 7, 2023 5:35am
Quoting niks
{quote} there isn't any difference, they both use the same method of following the trend, the ema concepts remain the same - the difference is in the way risk is managed - the 1% strategy is much simpler, a lot less work and a lot more profitable than the ema strategy but it is also MUCH HIGHER risk... {quote} spot on, you're doomed without it!
He keeps emphsizing on news release and fundamentals which he doesn't do with full ema strategy. I think it works well with big news day. Let's see how it goes with CPI release this week.
  • #8,904
  • Aug 7, 2023 6:10am Aug 7, 2023 6:10am
mbfx I have time now for zoom if you do. i will send you a link in DM in 3-5mins. Edit --- link sent
  • #8,905
  • Aug 7, 2023 6:17am Aug 7, 2023 6:17am
Quoting niks
M1 GBP countertrend scalps - built in risk and drawdown management! {image} a deep understanding of price action and a brave heart will go a long way trading KoF style!
what I like about Kof is how good he is at reading the price action
the man is a master, to me that's the key
without patience how can you be a trader?
  • #8,906
  • Aug 7, 2023 6:28am Aug 7, 2023 6:28am
Quoting Steverino832
{quote} what I like about Kof is how good he is at reading the price action the man is a master, to me that's the key
no doubt, the man has spent countless hours watching the charts!

M1 GBP scalps - note how the 1% uptrend has formed when the ema's crossed ema200, i'm still no good at these and need a lot more practice which is why i didn't take it!
Attached Image (click to enlarge)
Click to Enlarge Name: 49C6BADB-44C0-4F14-B90F-B15C9CA8F569.png Size: 150 KB
every minute matters!
  • #8,907
  • Aug 7, 2023 6:52am Aug 7, 2023 6:52am
"just imagine you are buying and buying and buying"! - KoF
Attached Image (click to enlarge)
Click to Enlarge Name: 40868B69-EC23-4517-BBF8-A1973CA488E2.png Size: 118 KB
every minute matters!
  • #8,908
  • Aug 7, 2023 7:27am Aug 7, 2023 7:27am
Quoting niks
"just imagine you are buying and buying and buying"! - KoF {image}
awesome trade!
without patience how can you be a trader?
  • #8,909
  • Aug 7, 2023 7:35am Aug 7, 2023 7:35am
Quoting Steverino832
{quote} awesome trade!
mate, i wish! i didn't take it, i struggle with these setups, picking the start, managing it and then picking the end is difficult for me... but it's still going, how good is that!
every minute matters!
  • #8,910
  • Aug 7, 2023 8:04am Aug 7, 2023 8:04am
Quoting T721
mbfx I have time now for zoom if you do. i will send you a link in DM in 3-5mins. Edit --- link sent
check your inbox
  • #8,911
  • Aug 7, 2023 8:08am Aug 7, 2023 8:08am
Quoting mbfx
{quote} check your inbox
Replied.. Sorry lets do tomorrow morning around 10am UK if thats suitable for you
  • #8,912
  • Aug 7, 2023 8:20am Aug 7, 2023 8:20am
Quoting mbfx
{quote} check your inbox
Sent you my whatsapp number but i am not sure of the prefix for UK
  • #8,913
  • Aug 7, 2023 8:25am Aug 7, 2023 8:25am
Quoting T721
{quote} Sent you my whatsapp number but i am not sure of the prefix for UK
okay I ll message you on WhatsApp. prefix are +44
  • #8,914
  • Aug 7, 2023 8:27am Aug 7, 2023 8:27am
waiting game is on
EURUSD T5
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 191 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 191 KB
  • #8,915
  • Aug 7, 2023 8:28am Aug 7, 2023 8:28am
Any strategy can be used for M1 scalping

The Kof technique is just a ready-made Strategy

But if you can't use it yet, don't worry, because all strategies can be used for M1 scalping

You just invest your time to try it and don't give up

how to test the strategy that you really understand on M15,
observe when there is a signal change, look at M1 and M5 at that time

Add/modify EMA, RSI , Stochastic or others indicator in M1
and don't stick to the base value of the indicator

Compare your strategy with Kof on the chart

change and improve continuously

If you are persistent, you will be able to create a scalping strategy that meets your expectations

in My chart used Ichimoku , RSI, Stochastic & EMA M1
Vertical Green---->Vertical Red = Buy Only
Vertical Red---->Vertical Green= Sell Only

Please don't ask about the indicator settings

Goodluck
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmM1.png Size: 27 KB
  • #8,916
  • Aug 7, 2023 8:56am Aug 7, 2023 8:56am
It is clear that kof is following the thread because they deleted cpdleger photos at the moment xD
  • #8,917
  • Aug 7, 2023 8:58am Aug 7, 2023 8:58am
Quoting Karmaw
It is clear that kof is following the thread because they deleted cpdleger photos at the moment xD
that's wild
without patience how can you be a trader?
  • #8,918
  • Aug 7, 2023 9:03am Aug 7, 2023 9:03am
Quoting niks
{quote} no doubt, the man has spent countless hours watching the charts! M1 GBP scalps - note how the 1% uptrend has formed when the ema's crossed ema200, i'm still no good at these and need a lot more practice which is why i didn't take it! {image}
"read the market like an open book!"
  • #8,919
  • Aug 7, 2023 9:56am Aug 7, 2023 9:56am
Quoting mbfx
waiting game is on EURUSD T5 {image} {image}

Very good, I got 'm and I am allready out now
  • #8,920
  • Aug 7, 2023 9:57am Aug 7, 2023 9:57am
anyone want US stocks?
US30 T5

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 92 KB
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