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M1 Countertrend Scalping Strategy

  • #9,201
  • Aug 17, 2023 12:27am Aug 17, 2023 12:27am
Quoting smeden
quick question... The indicator that show pip distance of the swings. What is that called?
i'm not sure who your question is directed to, with no quote to guide us, but perhaps you refer to zigzagm.exe - it's in the paperclip above
We don't see things as they are - we see things as we are.
  • #9,202
  • Aug 17, 2023 12:37am Aug 17, 2023 12:37am
Quoting sonicvista12
{quote} i'm not sure who your question is directed to, with no quote to guide us, but perhaps you refer to zigzagm.exe - it's in the paperclip above
I think he might be responding to a post by amiraven. I think he uses RSI
  • #9,203
  • Aug 17, 2023 2:47am Aug 17, 2023 2:47am
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}
Hello Darwati is this ea available for testing
  • #9,204
  • Aug 17, 2023 2:57am Aug 17, 2023 2:57am
M1 EUR countertrend scalps - the gut was rumbling and then it got filled!
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every minute matters!
  • #9,205
  • Aug 17, 2023 3:30am Aug 17, 2023 3:30am
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I haven't come this far to only come this far !
  • #9,206
  • Aug 17, 2023 3:34am Aug 17, 2023 3:34am
Quoting Amiraven
{image}
Well done!
without patience how can you be a trader?
  • #9,207
  • Aug 17, 2023 3:39am Aug 17, 2023 3:39am
Quoting Steverino832
{quote} Well done!
Thank you Steve !
I haven't come this far to only come this far !
  • #9,208
  • Aug 17, 2023 4:16am Aug 17, 2023 4:16am
Trying to make a counter trend EA scenario
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If the scenario goes right, maybe the GU will drop to the 1.27300 level in the near future
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  • #9,209
  • Aug 17, 2023 5:14am Aug 17, 2023 5:14am
Quoting Darwati
Trying to make a counter trend EA scenario {image} {image} If the scenario goes right, maybe the GU will drop to the 1.27300 level in the near future{image}
Test Counter Trend Indicator
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  • #9,210
  • Aug 17, 2023 5:24am Aug 17, 2023 5:24am
Quoting Darwati
{quote} Test Counter Trend Indicator {image}
Looking to the left of the chart for the current price can sometimes help
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  • #9,211
  • Aug 17, 2023 5:35am Aug 17, 2023 5:35am
Quoting Darwati
{quote} Looking to the left of the chart for the current price can sometimes help {image}
Close if Red Dot visible

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  • #9,212
  • Aug 17, 2023 5:49am Aug 17, 2023 5:49am
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I haven't come this far to only come this far !
  • #9,213
  • Aug 17, 2023 6:12am Aug 17, 2023 6:12am
Prices always have an oscillatory nature

the center line is the center line on the indicator

For example, 4-5 indicators on M1 are overbought,

then that could be considered as a sell order and Close when 2-3 indicators state oversold

And it still has to be associated with Support & Resistance, the trend on the TF above it etc

Then you can combine this with the ones in this forum

Good Luck



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  • #9,214
  • Aug 17, 2023 6:20am Aug 17, 2023 6:20am
Checked laptop before work quick and TPs were hit for 43 pips:
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Later gators!
  • #9,215
  • Aug 17, 2023 6:41am Aug 17, 2023 6:41am
Quoting Donny3rd
Checked laptop before work quick and TPs were hit for 43 pips: {image} Later gators!
without patience how can you be a trader?
  • #9,216
  • Edited 10:02am Aug 17, 2023 6:43am | Edited 10:02am
Here Indicator that I used for counter trend

Green Arrow for Buy Counter Trend , close on Green Dot / Zigzag value
Red Arrow for Sell Counter Trend , close on Red Dot /Zigzag value

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 ( You Have Setting Account History to Today)
for close order = 1st /2nd Dot or Peak/Valley Zigzagm ( Close all order )
only for those who are trying to find another experience

Attached File(s)
File Type: zip Darwati.zip   113 KB | 593 downloads



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  • #9,217
  • Aug 17, 2023 7:52am Aug 17, 2023 7:52am
Quoting Amiraven
{image}
looks like those sim exercises are paying off, congratulations for your profits amiraven!
every minute matters!
  • #9,218
  • Aug 17, 2023 8:00am Aug 17, 2023 8:00am
Quoting Darwati
Here Indicator that I used 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 for close order = 1st /2nd Dot or Peak/Valley Zigzagm ( Close all order ) only for those who are trying to find another experience {image}
Hi Darwati,

The indicators you shared yesterday do not draw any dots on the chart (I prefer dots rather than Zigzag indicator).
Would you mind sharing the indicator version with dots?

Thanks
  • #9,219
  • Aug 17, 2023 8:30am Aug 17, 2023 8:30am
M1 EUR countertrend scalps - managing risk and maximising profits!
Attached Image (click to enlarge)
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every minute matters!
  • #9,220
  • Aug 17, 2023 8:57am Aug 17, 2023 8:57am
Quoting founaud
{quote} Hi Darwati, The indicators you shared yesterday do not draw any dots on the chart (I prefer dots rather than Zigzag indicator). Would you mind sharing the indicator version with dots? Thanks
You can download in Post# 9216
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