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M1 Countertrend Scalping Strategy

  • #10,081
  • Nov 10, 2023 9:54am Nov 10, 2023 9:54am
M1 XAUUSD
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every minute matters!
  • #10,082
  • Nov 10, 2023 6:50pm Nov 10, 2023 6:50pm
Quoting zacktrader08
I think I will stick with EMA for the time being... {image}
i just noticed your MA on Volumes is set incorrectly if you plan to use it like KoF does...
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the correct way is this...
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and just a quick observation on your trades, some of your initial entries are very close to ema9, try and time them as far from it as possible, ideally after at least two or three bars have moved on without touching it... aside from that they are looking good!
every minute matters!
  • #10,083
  • Nov 10, 2023 6:59pm Nov 10, 2023 6:59pm
Quoting Amiraven
{image}
your ability to recover trades with minimal risk is admirable amiraven, knowing the right time to not enter is more important than entering at the right time and you do that very well, great work!
every minute matters!
  • #10,084
  • Nov 10, 2023 9:08pm Nov 10, 2023 9:08pm
here is a useful EA to test out M1 bollinger band scalping strategies, it is fully functional and offers multiple strategies and settings including money management, it is from the same author that Abade recommended for the Dark Inversion indicator and it is a quick way to visualise how these strategies work...

Dark Venus BB scalping EA MT5
https://www.mql5.com/en/market/product/56365

please feel free to post any golden settings you may find!
every minute matters!
  • #10,085
  • Nov 11, 2023 11:14pm Nov 11, 2023 11:14pm
the ctrader platform is quite powerful and offered as an alternative by many brokers, including mine albeit with a different commission pricing structure to metatrader, but even without an account, the web platform is very useful, it has all the channel indicators built in, including keltner, and all timeframes including tick, range, renko and HA, it even tells you how many of its clients are long and short!
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every minute matters!
  • #10,086
  • Nov 11, 2023 11:32pm Nov 11, 2023 11:32pm
Quoting cpfleger
{image}
Please send these indicators and templates
  • #10,087
  • Nov 12, 2023 2:35am Nov 12, 2023 2:35am
This is a counter trend testing technique using ZigZag

No. 1 Zigzag with Zigzag filter
No 2,3,,4 Zigzag without zigzag filter
Arrow Up/Down= Zigzag filter

when a zigzag is formed without a filter (Arrow) new HH/LL continues to form, ( No 2,3,4 )
but even so there is also an opportunity if you add a new order that is the same as the previous one

different when filter(Arrow) is formed simultaneously with HH/LL No 1

The basic concept of the Zigzag indicator is .....Buy on Low, Sell on High

is there anyone here who uses ZigZag for CounterTrend?


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  • #10,088
  • Nov 12, 2023 3:14am Nov 12, 2023 3:14am
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  • #10,089
  • Nov 12, 2023 4:36am Nov 12, 2023 4:36am
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  • #10,090
  • Nov 12, 2023 5:48am Nov 12, 2023 5:48am
Quoting Darwati
This is a counter trend testing technique using ZigZag No. 1 Zigzag with Zigzag filter No 2,3,,4 Zigzag without zigzag filter Arrow Up/Down= Zigzag filter when a zigzag is formed without a filter (Arrow) new HH/LL continues to form, ( No 2,3,4 ) but even so there is also an opportunity if you add a new order that is the same as the previous one different when filter(Arrow) is formed simultaneously with HH/LL No 1 The basic concept of the Zigzag indicator is .....Buy on Low, Sell on High is there anyone here who uses ZigZag for CounterTrend? {image}...

This is actually a really simple and nice way of creating a strategy. Ahave you backtested this over a longer period of time and care to share the results?
  • #10,091
  • Nov 12, 2023 9:07am Nov 12, 2023 9:07am
16.322 pips ?
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  • #10,092
  • Nov 12, 2023 10:01am Nov 12, 2023 10:01am
Quoting Darwati
{image}
this seems like a martingale strategy? your pipstep is under 5 pips?
  • #10,093
  • Nov 12, 2023 10:16am Nov 12, 2023 10:16am
Quoting T4Trade
{quote} ini sepertinya strategi martingale? pipstep anda dibawah 5 pips?
I don't know if it's Martingale or not, I'm just open buy on low and open sell on high because

it uses 1 minute TF, automatically the TP is small
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  • #10,094
  • Nov 12, 2023 10:22am Nov 12, 2023 10:22am
Quoting Gtrades56
{quote} This is actually a really simple and nice way of creating a strategy. Ahave you backtested this over a longer period of time and care to share the results?
I just tested in online demo

This was also just finished today, it looks simple but complicated to formulate

Imagine you create 10 indicators for the zigzag filter

each indicator is a combination of several indicators

the 10 zigzag filter indicators, analyzed are sorted and combined with each other

finally you find the ideal one, test it - revise it, test it again
  • #10,095
  • Nov 12, 2023 10:58am Nov 12, 2023 10:58am
Quoting Darwati
{quote} I don't know if it's Martingale or not, I'm just open buy on low and open sell on high because it uses 1 minute TF, automatically the TP is small {image}
do u use EA to open trades? or enter manually?
  • #10,096
  • Nov 12, 2023 11:08am Nov 12, 2023 11:08am
Quoting T4Trade
{quote} do u use EA to open trades? or enter manually?
Manual, haven't thought about making an EA for this zigzag counter trend strategy
  • #10,097
  • Nov 12, 2023 11:55am Nov 12, 2023 11:55am
Darwati,
You may have great thought....
cpfleger
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  • #10,098
  • Nov 12, 2023 7:19pm Nov 12, 2023 7:19pm
weekend BTC!
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every minute matters!
  • #10,099
  • Nov 12, 2023 9:12pm Nov 12, 2023 9:12pm
M1 AUDUSD - slowly but surely!
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every minute matters!
  • #10,100
  • Nov 12, 2023 11:59pm Nov 12, 2023 11:59pm
M1 XAUUSD - outer channel breach into support countertrend targeting midline at the time which turned out to be a break of ema200!
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every minute matters!
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