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M1 Countertrend Scalping Strategy

  • #8,981
  • Aug 8, 2023 9:20pm Aug 8, 2023 9:20pm
Quoting niks
{quote} at least you tried! still very weird, but you are doing very well without hedging so far and you shouldn't need it, your performance is excellent!
agreed well done!
without patience how can you be a trader?
  • #8,982
  • Aug 8, 2023 9:39pm Aug 8, 2023 9:39pm
Quoting zkchyo
{quote} I bought down there. {image}
yes you did, but your first order was up there! i assume you were looking for a trend trade and then turned it into a countertrend? good recovery...
every minute matters!
  • #8,983
  • Aug 8, 2023 9:40pm Aug 8, 2023 9:40pm
Quoting niks
{quote} at least you tried! still very weird, but you are doing very well without hedging so far and you shouldn't need it, your performance is excellent!
Quoting Steverino832
{quote} agreed well done!
Thank you both. Nothing like an expected almost intentional loss. LOL

This is worth it though. LOOK. 1 unit. The broker didn't short me after all HAHAHA. I'm so tickled. It's the cutest little drawdown ever! (and yes that's a 5 second chart over there )

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@cpfleger Help, I'm having fun! BTW v3 is still my go to as you can tell. So thanks for it!
  • #8,984
  • Aug 8, 2023 9:57pm Aug 8, 2023 9:57pm
Quoting niks
{quote} yes you did, but your first order was up there! i assume you were looking for a trend trade and then turned it into a countertrend? good recovery...
uh, just got in too early. I only trend trade if breakout happened. Usually it's sooner than parallel emas.
  • #8,985
  • Aug 8, 2023 10:18pm Aug 8, 2023 10:18pm
Alright trade time over. Set TPs and now time to close laptop. Goodnight all.
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  • #8,986
  • Aug 8, 2023 11:22pm Aug 8, 2023 11:22pm
Quoting zkchyo
{quote} uh, just got in too early.
yes, i do the same all the time! i see from your previous trades you are doing very well, you definitely have the hang of it, well done!
every minute matters!
  • #8,987
  • Aug 9, 2023 1:15am Aug 9, 2023 1:15am
A quick breakfast trade. Mums back in hospital so time very limited again.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #8,988
  • Aug 9, 2023 1:28am Aug 9, 2023 1:28am
Quoting Darwati
{quote} You have to make new folder in indicators folder , rename TDT Reich System {image}
Thanks Darwati.
  • #8,989
  • Edited 2:10am Aug 9, 2023 1:35am | Edited 2:10am
high fortune belongs only to those who dare to be different, keep trying and never give up

Until you get the desired result

I have given 4 MarCo-MA2Color secrets, you only need to guess 1 more secret: the stochastic that I use

or you can use another indicator as the 5th secret

then you chain and connect the 5 Secrets into your own system

Good Luck
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28.7% a day , 112.58% in 3 days
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  • #8,990
  • Aug 9, 2023 2:30am Aug 9, 2023 2:30am
Morning everyone. 15 second trade...
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  • #8,991
  • Aug 9, 2023 3:10am Aug 9, 2023 3:10am
Quoting Darwati
high fortune belongs only to those who dare to be different, keep trying and never give up Until you get the desired result I have given 4 MarCo-MA2Color secrets, you only need to guess 1 more secret: the stochastic that I use or you can use another indicator as the 5th secret then you chain and connect the 5 Secrets into your own system Good Luck {image} 28.7% a day , 112.58% in 3 days {image}
Hi, the green arrows which indicator is? Thanks
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  • #8,992
  • Aug 9, 2023 3:25am Aug 9, 2023 3:25am
Quoting Spank1969
{quote} Hi, the green arrows which indicator is? Thanks {image}
In theory, if all 5 meet the requirements then an arrow will appear

and the first arrow will form a vertical line

but in practice, because of a little repaint, sometimes the first arrow and the vertical line are out of sync

The point is that the 5th indicator is the last bastion of the trend

when a temporary correction occurs and is not considered a new trend

but of course anything can happen in forex

And as long as there is no Red vertical line, my EA will not close a Buy order

and as long as there is no Green vertical line, my EA will not close Sell orders

of course I often consider manual close if
1.profit is enough and Stochastic is above 90 / below 10
2. There was a correction on M5 and a change in trend on M1
  • #8,993
  • Aug 9, 2023 4:04am Aug 9, 2023 4:04am
Quoting Darwati
{quote} In theory, if all 5 meet the requirements then an arrow will appear and the first arrow will form a vertical line but in practice, because of a little repaint, sometimes the first arrow and the vertical line are out of sync The point is that the 5th indicator is the last bastion of the trend when a temporary correction occurs and is not considered a new trend but of course anything can happen in forex And as long as there is no Red vertical line, my EA will not close a Buy order and as long as there is no Green vertical line, my EA will...

The green dots buys and the red ones sells?
  • #8,994
  • Aug 9, 2023 4:10am Aug 9, 2023 4:10am
Quoting hostwey
{quote} The green dots buys and the red ones sells?
Green dot if ema 20,34 and 50 green

Red dot if ema 20,34 and 50 red

it's only a marker if ema 20,34 and 50 are the same color

Original decision only if 5 indicators (4 MarCo-MA2Color + 1 other indicator) is the same and ends when 5 opposite indicators appear
  • #8,995
  • Aug 9, 2023 4:41am Aug 9, 2023 4:41am
Quoting Darwati
{quote} Green dot if ema 20,34 and 50 green Red dot if ema 20,34 and 50 red it's only a marker if ema 20,34 and 50 are the same color Original decision only if 5 indicators (4 MarCo-MA2Color + 1 other indicator) is the same and ends when 5 opposite indicators appear
As EMA I prefer 89 instead of 100.
  • #8,996
  • Aug 9, 2023 4:44am Aug 9, 2023 4:44am
Maybe this picture will be clearer

Red Arrow = Start-End Sell Area

Green Arrow = Start- End Buy Area

You can counter trend open Sell on stochastic above 80 in Buy Area if 3 or 4 EMA is red

You can counter trend open Buy on stochastic below 20 in the Sell Area if the 3 or 4 EMA is green

You can Open Sell on Sell Area if 3/4 EMA is red and Stochastic is above 20

You can open Buy on Buy Area if the 3-4 EMA is green and the Stochastic is below 80

Unfortunately you still have to guess the exact stochastic value

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Quoting Spank1969
{quote} As EMA I prefer 89 instead of 100.
you can set according to your needs, the template is just a reference
  • #8,997
  • Aug 9, 2023 5:00am Aug 9, 2023 5:00am
hopefully can add insight

Ok back to cpfleger and Abade technic
  • #8,998
  • Aug 9, 2023 5:05am Aug 9, 2023 5:05am
Added some other indicators, interesting.
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  • #8,999
  • Aug 9, 2023 5:34am Aug 9, 2023 5:34am
As cpfleger said in previous pages, I recommend entering when the price starts to break out of the 20 ema, and start adding trades in favor.
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  • #9,000
  • Aug 9, 2023 5:37am Aug 9, 2023 5:37am
The tp will depend on the highest timeframes, which will indicate the general situation of that currency.

If I operate 1m, I look at 1H to assess whether to let the price run or close the operations.
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