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M1 Countertrend Scalping Strategy

  • #9,041
  • Aug 10, 2023 1:40am Aug 10, 2023 1:40am
This is how I conceptualize the system that I use

I put some of the possibilities of the system concept in a chart

I analyze, how easy is it to read accurately, and how to implement the algo into EA

I take the outline and try to get rid of some that I feel are unnecessary

I compare manual and algo concept for EA in the same way ,

you may be able to build the algorithm from technical KOF into an EA

The image below is an example of the concept I made

Attached Image (click to enlarge)
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Then I made a buy/sell only concept as an arrow

I draw a line from the first buy arrow to the first sell arrow, and vice versa

reanalyzed, corrected, revised, tested so continuously without giving up

Attached Image (click to enlarge)
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Good luck
  • #9,042
  • Aug 10, 2023 1:53am Aug 10, 2023 1:53am
Quoting navk
{quote} Bottom window 1 - what is the indicator ? The one which shows red and green when all 4 EMA is red or green ? Can you share pl
Window 1 has 2 Histograms

Upper Histogram as I call the 5th secret

if the 4 EMA (MarCo-MA2Color) is different from the Upper Histogram (Window1) then it is considered that the previous Trend is still valid

as long as the upper histogram is the same color as the previous vertical line, the trend is considered to continue

if the 4 EMAs and the upper histogram have the same color and are different from the previous vertical line,

it is considered that the previous trend has ended and is considered the beginning of a trend

The lower histogram in window1 can be considered a minor trend within the main trend

sometimes I use it for counter trends, or averaging or as a reference for closing orders
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #9,043
  • Aug 10, 2023 2:06am Aug 10, 2023 2:06am
M1 EUR scalps - there is nothing secret or hidden about price action, it is the absolute truth in plain sight!
Attached Image (click to enlarge)
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every minute matters!
  • #9,044
  • Aug 10, 2023 2:09am Aug 10, 2023 2:09am
19.9%
See U later , bye bye
Attached Image (click to enlarge)
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  • #9,045
  • Aug 10, 2023 2:18am Aug 10, 2023 2:18am
Quoting niks
M1 EUR scalps - there is nothing secret or hidden about price action, it is the absolute truth in plain sight! {image}
Great work. I saw your previous posts yesterday too. Can I ask what position size vs account size do you use, and what leverage does your broker give you? Thank you.
I have no clue where it's going
  • #9,046
  • Edited 2:59am Aug 10, 2023 2:22am | Edited 2:59am
Quoting navk
{quote} Bottom window 1 - what is the indicator ? The one which shows red and green when all 4 EMA is red or green ? Can you share pl
Similar setup using Stochastics and the synergy continuation indicator.


Attached Image (click to enlarge)
Click to Enlarge Name: 2023-08-10_08-19.png Size: 28 KB


RSI Div indicator with synergy continuation.



Its all the same data really, all based on price action obviously.
Attached Image (click to enlarge)
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  • #9,047
  • Aug 10, 2023 2:30am Aug 10, 2023 2:30am
Quoting LifeRider
{quote} Great work. I saw your previous posts yesterday too. Can I ask what position size vs account size do you use, and what leverage does your broker give you? Thank you.
cheers! you can find my response to lot sizing vs account ratio here - my leverage is maximum 1:30 and lower for certain instruments with ic markets raw spread account...
every minute matters!
  • #9,048
  • Aug 10, 2023 2:33am Aug 10, 2023 2:33am
Quoting niks
{quote} cheers! you can find my response to lot sizing vs account ratio here - my leverage is maximum 1:30 and lower for certain instruments with ic markets raw spread account...
SAme as mine on Oanda. Thanks. I need to do some digging now eh?
I have no clue where it's going
  • #9,049
  • Aug 10, 2023 3:27am Aug 10, 2023 3:27am
M1 AUD countertrend scalp - its all in the price action!
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every minute matters!
  • #9,050
  • Aug 10, 2023 4:49am Aug 10, 2023 4:49am
For this countertrend strategy the best way I found is using a netting account instead of hedge. You can increase your position in line with your risk management strategy. It works like charm as long as you can manage your risk. %99 of the time it works in your favor. %1 is humanatarian mistakes. Thanks king for opening a new path to my trading journey.
Attached Image (click to enlarge)
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  • #9,051
  • Aug 10, 2023 4:52am Aug 10, 2023 4:52am
DAX
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  • #9,052
  • Aug 10, 2023 4:53am Aug 10, 2023 4:53am
Quoting dentistco
DAX {image}
very nice!
without patience how can you be a trader?
  • #9,053
  • Aug 10, 2023 5:08am Aug 10, 2023 5:08am
M1 AUD countertrend scalps - using ema200 as support...
Attached Image (click to enlarge)
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every minute matters!
  • #9,054
  • Aug 10, 2023 5:09am Aug 10, 2023 5:09am
Quoting niks
M1 AUD countertrend scalps - using ema200 as support... {image}
well done !
without patience how can you be a trader?
  • #9,055
  • Aug 10, 2023 5:16am Aug 10, 2023 5:16am
dentistco,
Keep going as you will see from my screenprint a few Instruments actually pay out Dividends, extra incentives.
cpfleger
Attached Image (click to enlarge)
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  • #9,056
  • Aug 10, 2023 5:22am Aug 10, 2023 5:22am
[quote=cpfleger;14530738]dentistco, Serigrafimden göreceğiniz gibi devam edin, birkaç Enstrüman aslında Temettüler, ekstra teşvikler ödüyor. cpfleger {resim}[/alıntı]

I'm glad to know that, thank you sir.
  • #9,057
  • Aug 10, 2023 5:31am Aug 10, 2023 5:31am
Quoting Steverino832
{quote}well done !
thank you steve, you are always very supportive and it's always much appreciated!

i hope your trading is going well and wish you the best of luck...
every minute matters!
  • #9,058
  • Aug 10, 2023 6:07am Aug 10, 2023 6:07am
M1 AUD trend scalps - using emas 9, 20 and 50 as support!
Attached Image (click to enlarge)
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every minute matters!
  • #9,059
  • Aug 10, 2023 6:10am Aug 10, 2023 6:10am
Closed with profit.
Wait = Gain
Attached Image (click to enlarge)
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  • #9,060
  • Aug 10, 2023 6:19am Aug 10, 2023 6:19am
dentistco,
Nice, trading is not that hard....
cpfleger
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