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M1 Countertrend Scalping Strategy

  • #9,001
  • Aug 9, 2023 3:42am Aug 9, 2023 3:42am
I have 4 indicators on my chart... ... Open,........
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We don't see things as they are - we see things as we are.
  • #9,002
  • Aug 9, 2023 3:55am Aug 9, 2023 3:55am
Quoting sonicvista12
I have 4 indicators on my chart... ... Open,........ {image}
Download MarCo-MA2Color indicator
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https://www.forexfactory.com/thread/...3#post14318073
  • #9,003
  • Aug 9, 2023 3:56am Aug 9, 2023 3:56am
Quoting Darwati
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 {image} {quote} you can set according to...
Ahh right! I noticed that you were running an EA, but get it now thanks to your explanation. You were referring to the indicator that is producing the dots, not the EA. Thanks. Sorry being a bit thick today!
  • #9,004
  • Aug 9, 2023 4:18am Aug 9, 2023 4:18am
Quoting Amiraven
Thank you KOF ! {image}
bro! how can i download Volume MA?
  • #9,005
  • Aug 9, 2023 4:24am Aug 9, 2023 4:24am
I have been trading for almost 10 years but this strategy has opened my eyes to what is possible on M1 - its actually kind of insane because I wouldn't ever touch low timeframes but moving down to just 0.1 lot positions and opening multiples per pullback has taught me how to scale in and then when to take profit even when following the trend.

Every pullback just pepper it with small trades and then profit from the trend going down and if its trend change then at least you can get out at the 20EMA at any point.

Green pips to you all
You can lead a horse to water, but you can't make it drink
  • #9,006
  • Aug 9, 2023 4:26am Aug 9, 2023 4:26am
Quoting nguyenoni
{quote} bro! how can i download Volume MA?
You can just add volume indi to your chart in mt4 and drag a 20MA onto it changing settings to 'First Indicator Data' if volume is the only indicator window open.
You can lead a horse to water, but you can't make it drink
  • #9,007
  • Aug 9, 2023 4:34am Aug 9, 2023 4:34am
Quoting nguyenoni
{quote} bro! how can i download Volume MA?
You can find VolumeMA in standard MT4 install I think, or just volume and 20 EMA into the indicator. I find TickSeperateVolumeDif more visually useful though. That can be found in the files paperclip above.

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Bear in mind this is just tick volume from your broker. Which might not represent real volume at all!
  • #9,008
  • Aug 9, 2023 5:45am Aug 9, 2023 5:45am
36.5% a Day

How about sideways?

If you are Scalping M1/M5 it shouldn't be a problem

If you are a day trader, then you still have to have a close reference, you can use stochastic and zigzagm as a close reference

If you are a day trader from signal to signal then you have to make a rule
if history is minus, the next order uses a larger Lot,
if History is Positive.... back to the standard Lot

thread I returned to Abade and Cpfleger

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  • #9,009
  • Aug 9, 2023 6:22am Aug 9, 2023 6:22am
Quoting Darwati
36.5% a Day How about sideways? If you are Scalping M1/M5 it shouldn't be a problem If you are a day trader, then you still have to have a close reference, you can use stochastic and zigzagm as a close reference If you are a day trader from signal to signal then you have to make a rule if history is minus, the next order uses a larger Lot, if History is Positive.... back to the standard Lot thread I returned to Abade and Cpfleger {image}
Similar pullback idea but not the same.
I've been playing this setting for almost 3 months, and it's still being developed according to my own style.
xinitial.
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  • #9,010
  • Edited 7:07am Aug 9, 2023 6:51am | Edited 7:07am
Quoting xinitial
{quote} Similar pullback idea but not the same. I've been playing this setting for almost 3 months, and it's still being developed according to my own style. xinitial.{image}
You might use a MA cross, it's the same, just a different appearance,

try adding stochastic 19,3,4, pay attention if the stochastic value is above/below 50

stochastic value >98 /<2 for 19,3,4 could be a reference for closing Buy/Sell orders
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  • #9,011
  • Aug 9, 2023 7:12am Aug 9, 2023 7:12am
Quoting Darwati
{quote} You might use a MA cross, it's the same, just a different appearance, try adding stochastic 19,3,4, pay attention if the stochastic value is above/below 50 stochastic value >98 /<2 for 19,3,4 could be a reference for closing Buy/Sell orders {image}
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  • #9,012
  • Aug 9, 2023 7:25am Aug 9, 2023 7:25am
Quoting Darwati
{quote} {image}
If you are unsure about closing at Stochastic >98 or <2,

you can add CCI 19

if the stochastic >98 and CCI drops to 100, don't hesitate to close buy orders

if Stochastic <2 and CCI goes up to -100 , don't hesitate to close sell orders

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  • #9,013
  • Aug 9, 2023 7:48am Aug 9, 2023 7:48am
Quoting Darwati
{quote} If you are unsure about closing at Stochastic >98 or <2, you can add CCI 19 if the stochastic >98 and CCI drops to 100, don't hesitate to close buy orders if Stochastic <2 and CCI goes up to -100 , don't hesitate to close sell orders {image}
I will try it tomorrow,
Thanks for your input.
Udah ngantuk nih bang .
xinitial.
  • #9,014
  • Aug 9, 2023 7:52am Aug 9, 2023 7:52am
Quoting xinitial
{quote} I will try it tomorrow, Thanks for your input. Udah ngantuk nih bang . xinitial.
Belum jam 10
  • #9,015
  • Aug 9, 2023 8:19am Aug 9, 2023 8:19am
42.1 % See U later

Bye bye
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  • #9,016
  • Aug 9, 2023 9:48am Aug 9, 2023 9:48am
Quoting Darwati
42.1 % See U later Bye bye {image}

HOWWWWW
  • #9,017
  • Aug 9, 2023 9:52am Aug 9, 2023 9:52am
its getting so overwhelming... I am unable to find a trade. I am carried away. Scalping can be so stressful.
it demands lot of discipline along with patience. I dont know why but I am brain fried. unable to focus.
  • #9,018
  • Aug 9, 2023 10:02am Aug 9, 2023 10:02am
Quoting mbfx
its getting so overwhelming... I am unable to find a trade. I am carried away. Scalping can be so stressful. it demands lot of discipline along with patience. I dont know why but I am brain fried. unable to focus.
Ever trade in line with higher timeframe? Means not you must enter after daily candle. If you come to the clue that this here is time wasting and not possibble for you doing that way, move further ... dont worry be happy!
Perfection is the enemy of good enough!
  • #9,019
  • Aug 9, 2023 10:12am Aug 9, 2023 10:12am
Quoting mbfx
its getting so overwhelming... I am unable to find a trade. I am carried away. Scalping can be so stressful. it demands lot of discipline along with patience. I dont know why but I am brain fried. unable to focus.
Any of us who are profitable have a secret that will never come here to say in public, that's for sure!
  • #9,020
  • Aug 9, 2023 10:17am Aug 9, 2023 10:17am
Quoting Spank1969
{quote} Any of us who are profitable have a secret that will never come here to say in public, that's for sure!
well, not on this thread every one here is transparent about how they trade.
there is no secret.
without patience how can you be a trader?
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