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M1 Countertrend Scalping Strategy

  • #9,161
  • Aug 16, 2023 6:35am Aug 16, 2023 6:35am
Instead of being quiet, test the EA
The essence of forex trading is about buy - sell and close orders
therefore I tried to simplify several indicators at once in 3 conclusions
green candles = EA buy
candle red = EA sell
gray candle = a combination of several indicators that do not meet the requirements (EA does not open/close orders)
So far the results are still as expected
the question is, anyone want to try it?
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  • #9,162
  • Aug 16, 2023 6:57am Aug 16, 2023 6:57am
Quoting Darwati
Instead of being quiet, test the EA The essence of forex trading is about buy - sell and close orders therefore I tried to simplify several indicators at once in 3 conclusions green candles = EA buy candle red = EA sell gray candle = a combination of several indicators that do not meet the requirements (EA does not open/close orders) So far the results are still as expected the question is, anyone want to try it? {image}
The only issue I've had is that it only ranges between 43 and 55 etc. If that matters? Other than that a very nice indicator.


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  • #9,163
  • Aug 16, 2023 7:21am Aug 16, 2023 7:21am
Quoting hostwey
{quote} The only issue I've had is that it only ranges between 43 and 55 etc. If that matters? Other than that a very nice indicator. {image} {image}

Our minds are often affected by our expectations
on M15 for GU it is also still above 50, but there are already 3 signs of a reversal of direction, a red cross - Magenta Arrow -Red Arrow
any possibility can happen in forex
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  • #9,164
  • Aug 16, 2023 7:26am Aug 16, 2023 7:26am
And usually GU and EU will not be in opposition for long time
  • #9,165
  • Aug 16, 2023 7:35am Aug 16, 2023 7:35am
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I haven't come this far to only come this far !
  • #9,166
  • Aug 16, 2023 7:45am Aug 16, 2023 7:45am
Quoting Darwati
{quote} Our minds are often affected by our expectations on M15 for GU it is also still above 50, but there are already 3 signs of a reversal of direction, a red cross - Magenta Arrow -Red Arrow any possibility can happen in forex {image} {image}
%66 loss rate?
  • #9,167
  • Aug 16, 2023 7:47am Aug 16, 2023 7:47am
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I haven't come this far to only come this far !
  • #9,168
  • Aug 16, 2023 7:55am Aug 16, 2023 7:55am
Without much indicators a simple EA results. No single loss and very little drawdown. Sorry but your chart can not be even seen because of too many indicators. Too many cook spoil the soup in my humble opinion. If it works for you it is great, keep good work and happy trading.
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  • #9,169
  • Aug 16, 2023 7:58am Aug 16, 2023 7:58am
This is the indicator that I use,
but I'm sorry there are restrictions on using a live account,
if the profit is more than 50, the indicator will stop ,applies every day
only for those who are trying to find another experience

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  • #9,170
  • Aug 16, 2023 8:19am Aug 16, 2023 8:19am
Quoting Darwati
This is the indicator that I use, but I'm sorry there are restrictions on using a live account, if the profit is more than 50, the indicator will stop ,applies every day only for those who are trying to find another experience {file} {image}
thank you for given testing your setup indicator. can i use for any timeframe
  • #9,171
  • Aug 16, 2023 8:21am Aug 16, 2023 8:21am
Quoting fxdragon
{quote} thank you for given testing your setup indicator. can i use for any timeframe
Right, its for All TF
  • #9,172
  • Aug 16, 2023 8:22am Aug 16, 2023 8:22am
Quoting Darwati
This is the indicator that I use, but I'm sorry there are restrictions on using a live account, if the profit is more than 50, the indicator will stop ,applies every day only for those who are trying to find another experience {file} {image}
Hi Darwati,

Thanks for sharing. I want to give it a try.
I will simply apply your previous rules:
Red candle=Buy
Green candle=Sell
Any other arrow color=Ignore it?

Since you shared the Indicator and not the EA: when do you recommend to close the opened orders? Maybe when an opposite arrow appear?

Thanks!
Regards
  • #9,173
  • Aug 16, 2023 8:25am Aug 16, 2023 8:25am
Quoting Darwati
{quote} Right, its for All TF
i have a problem, indicator not functioning
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  • #9,174
  • Aug 16, 2023 8:25am Aug 16, 2023 8:25am
Quoting founaud
{quote} Hi Darwati, Thanks for sharing. I want to give it a try. I will simply apply your previous rules: Red candle=Buy Green candle=Sell Any other arrow color=Ignore it? Since you shared the Indicator and not the EA: when do you recommend to close the opened orders? Maybe when an opposite arrow appear? Thanks! Regards
Red candle = sell
Green candle= buy
gray = ignored
  • #9,175
  • Aug 16, 2023 8:29am Aug 16, 2023 8:29am
Quoting Darwati
{quote} Red candle = sell Green candle= buy gray = ignored
Should I also ignore signs of reversal of direction, like green or red crosses?
What should I look at to close an order?

Thanks
  • #9,176
  • Aug 16, 2023 8:30am Aug 16, 2023 8:30am
Quoting fxdragon
{quote} i have a problem, indicator not functioning {image}
I have already told you, the maximum profit for a live account is only 50 per day,

some broker's demo accounts are sometimes recognized as live accounts

i apologize for the trouble
  • #9,177
  • Aug 16, 2023 8:38am Aug 16, 2023 8:38am
Quoting founaud
{quote} Should I also ignore signs of reversal of direction, like green or red crosses? What should I look at to close an order? Thanks
Of course if you are already profitable, another option is Aqua / Magenta Arrow (CCI 100/-100 level)

Cross Red/Green as Stochastic <4 / >96

if 3 signs appear sometimes as a reversal of direction
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  • #9,178
  • Aug 16, 2023 9:01am Aug 16, 2023 9:01am
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  • #9,179
  • Aug 16, 2023 9:08am Aug 16, 2023 9:08am
EA will stop @ target 47%
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  • #9,180
  • Aug 16, 2023 9:12am Aug 16, 2023 9:12am
Quoting atnrvrdi
Without much indicators a simple EA results. No single loss and very little drawdown. Sorry but your chart can not be even seen because of too many indicators. Too many cook spoil the soup in my humble opinion. If it works for you it is great, keep good work and happy trading. {image}
That's impressive !
Is that 5 min time frame ? May I ask what the advantage of using RSI is ?

Thank you
I haven't come this far to only come this far !
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