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M1 Countertrend Scalping Strategy

  • #9,101
  • Aug 11, 2023 2:46am Aug 11, 2023 2:46am
Quoting niks
hopefully some motivation heading into the weekend... my demo account performance from last update two weeks ago until now... you can track it from the start in previous posts if your so inclined... {image} a couple of the losses were costly accidental button clicks... my live account is heading in the same direction, no worries there!
Great Performance ! as always .
I haven't come this far to only come this far !
  • #9,102
  • Aug 11, 2023 3:11am Aug 11, 2023 3:11am
Quoting Amiraven
{quote} Great Performance ! as always .
as you know for yourself amiraven, LOTS of hard work and practice will get us there! your trades not only provide inspiration to me but others as well i'm sure, my last trend trade was influenced by yours!

look forward to seeing many more to come and thank you for your support...
every minute matters!
  • #9,103
  • Aug 11, 2023 3:30am Aug 11, 2023 3:30am
M1 EUR scalps - conservative entries and targets for friday!
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every minute matters!
  • #9,104
  • Aug 11, 2023 3:33am Aug 11, 2023 3:33am
Quoting Abade
{quote} Hi atnrvrdi! I am curious, what's the benefit of using a netting account vs a hedging one with this strategy? As far as I remember the only difference is a directional restriction in the netting account. Thanks. Edit: Was just messing around a bit with a netting account. I notice it can be advantageous to know what's the breakeven point when having multiple positions. Such thing wouldn't be visible in a hedging account, but in a netting account the "visual mark" of the entry point changes dynamically as you add positions: First postion:...
Hi,

As you pointed out netting account gives you one position side. either buy or sell. In this case based on your strategy supposing it is countertrend you may enter positions in the opposite direction. The best thing about netting personally, I enter mini lots at the begining of my entries. You can not always enter at the exact spot . If trend goes further then I increase my lot size to standard lot. It averages your position entry which close to the recent price. As long as you have enough margin to average down your position price, it works very well. I enter small lots at begin then enter higher sizes with my risk management in mind. I have never lost a trade since this approach. At worst I closed at entry for risk management purposes. Closing your position or partial profit taking is also so easy. Just put your size and open opposite direction and it reduces your position. Hedge account gives you many positions and in terms of risk management is more difficult than netting. In my own opinion and experience of course.
  • #9,105
  • Aug 11, 2023 3:46am Aug 11, 2023 3:46am
M1 EUR countertrend scalps - double dip, dip!
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every minute matters!
  • #9,106
  • Aug 11, 2023 4:06am Aug 11, 2023 4:06am
Quoting Darwati
{quote} Try add Stochastic 50,3,4,1 for see Trend Stochastic > 50 =trend buy , stochastic <50 = trend sell connect 4 MarCo-MA2Color with Stochastic 50 earlier {quote} Many people dream of achieving results like this, let alone achieving a winning streak of up to 176 I envy you niks {quote} Actually I feel sorry for edge540 , but it's okay he got banned Thanks Abade
I use 15 MIN RSI on 5 min chart.

Works perfect.
4 green lines + no selling on 15 min RSI for long.

4 red lines + no buying in 15 min RSI for short.
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Intraday only.
  • #9,107
  • Aug 11, 2023 4:14am Aug 11, 2023 4:14am
Quoting navk
{quote} I use 15 MIN RSI on 5 min chart. Works perfect. 4 green lines + no selling on 15 min RSI for long. 4 red lines + no buying in 15 min RSI for short. {image}
Are you guys discussing trend trading in this countertrend thread?
Most trading system threads here are trend trading. You probably want to read some of them, decompose them and add the parts you like into your trend trading system. Just an advice.
  • #9,108
  • Aug 11, 2023 4:18am Aug 11, 2023 4:18am
Quoting zkchyo
{quote} Are you guys discussing trend trading in this countertrend thread? Most trading system threads here are trend trading. You probably want to read some of them, decompose them and add the parts you like into your trend trading system. Just an advice.
it is both trend + counter trend trading.

Counter trend meaning against bigger tf
Intraday only.
  • #9,109
  • Aug 11, 2023 4:36am Aug 11, 2023 4:36am
Nice London session trades today.
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  • #9,110
  • Aug 11, 2023 4:37am Aug 11, 2023 4:37am
Quoting navk
{quote} it is both trend + counter trend trading. Counter trend meaning against bigger tf
What's your bigger timeframe for trading one-minute chart?
  • #9,111
  • Aug 11, 2023 5:52am Aug 11, 2023 5:52am
Quoting niks
{quote} as you know for yourself amiraven, LOTS of hard work and practice will get us there! your trades not only provide inspiration to me but others as well i'm sure, my last trend trade was influenced by yours! look forward to seeing many more to come and thank you for your support...
Thank you Niks !

I am focusing on FxBlue to improve my performance ,dealing with of the toughest trend I have ever seen ,Thanks to Abade and you for mentioning it .
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I haven't come this far to only come this far !
  • #9,112
  • Aug 11, 2023 6:03am Aug 11, 2023 6:03am
Quoting zkchyo
Nice London session trades today. {image}
good work, your 2 pip targets are very small though, the commission takes away ~0.6 not leaving much for profit...
every minute matters!
  • #9,113
  • Aug 11, 2023 6:09am Aug 11, 2023 6:09am
Quoting Amiraven
{quote} Thank you Niks ! I am focusing on FxBlue to improve my performance ,dealing with of the toughest trend I have ever seen ,Thanks to Abade and you for mentioning it . {image} {image}
always a pleasure amiraven...

and well done, i'm so glad to hear it, using the sim will be the BEST thing you will ever do for your trading - push it to the limits to find yours!!! best of luck...
every minute matters!
  • #9,114
  • Aug 11, 2023 6:19am Aug 11, 2023 6:19am
A question one might ask:

"How do I differentiate between when to follow a countertrade vs. the trend?"

A reasonable response would be:

Watch this video!
every minute matters!
  • #9,115
  • Aug 11, 2023 7:38am Aug 11, 2023 7:38am
M1 EUR scalps - huge profits in minutes!
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every minute matters!
  • #9,116
  • Aug 11, 2023 7:42am Aug 11, 2023 7:42am
Quoting niks
M1 EUR scalps - huge profits in minutes! {image}
LOL, you are starting to sound like KOF!
without patience how can you be a trader?
  • #9,117
  • Aug 11, 2023 8:08am Aug 11, 2023 8:08am
Quoting Steverino832
{quote} LOL, you are starting to sound like KOF!
that may have been intentional, not sure, his voice rings in my head 24\7!

M1 EUR countertrend scalps - finding support!
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every minute matters!
  • #9,118
  • Aug 11, 2023 9:51am Aug 11, 2023 9:51am
Quoting niks
{quote} good work, your 2 pip targets are very small though, the commission takes away ~0.6 not leaving much for profit...
I know. It's very expensive if only target 1 to 2 pips. Will work on that on the weekends.
  • #9,119
  • Aug 11, 2023 10:36am Aug 11, 2023 10:36am
M1 EUR scalps - that support i was looking for didn't really hold so drawdown management kicked in!
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every minute matters!
  • #9,120
  • Aug 11, 2023 2:56pm Aug 11, 2023 2:56pm
Quoting niks
hopefully some motivation heading into the weekend... my demo account performance from last update two weeks ago until now... you can track it from the start in previous posts if your so inclined... {image} a couple of the losses were costly accidental button clicks... my live account is heading in the same direction, no worries there!
very impressive, and well done congrats bro!
without patience how can you be a trader?
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