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M1 Countertrend Scalping Strategy

  • #10,361
  • Dec 14, 2023 2:12am Dec 14, 2023 2:12am
M1 AUDUSD
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every minute matters!
  • #10,362
  • Dec 14, 2023 2:50am Dec 14, 2023 2:50am
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I haven't come this far to only come this far !
  • #10,363
  • Dec 14, 2023 3:34am Dec 14, 2023 3:34am
Quoting Amiraven
{image}
excellent entry, exit and reversal amiraven, text book counter trend trading!
every minute matters!
  • #10,364
  • Dec 14, 2023 3:48am Dec 14, 2023 3:48am
M1 XAGUSD
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every minute matters!
  • #10,365
  • Dec 14, 2023 4:22am Dec 14, 2023 4:22am
M1 XAGUSD
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every minute matters!
  • #10,366
  • Dec 14, 2023 6:26am Dec 14, 2023 6:26am
M1 XAGUSD
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every minute matters!
  • #10,367
  • Dec 14, 2023 7:09am Dec 14, 2023 7:09am
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I haven't come this far to only come this far !
  • #10,368
  • Dec 14, 2023 7:55am Dec 14, 2023 7:55am
Thank you Niks !
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I haven't come this far to only come this far !
  • #10,369
  • Dec 14, 2023 2:28pm Dec 14, 2023 2:28pm
Hi Abade, thx for this strategy. One question: do you know of a EA Manager that let's you manage individually the trades of each open pair? Thx
  • #10,370
  • Dec 14, 2023 3:30pm Dec 14, 2023 3:30pm
Quoting lorecavoli
Hi Abade, thx for this strategy. One question: do you know of a EA Manager that let's you manage individually the trades of each open pair? Thx
Hi @lorecavoli, you are welcome! Sorry but I don't use/know of any specific EA Manager for this strategy. Perhaps my friends @Cpfleger and @josh1111 can help you with this request as I've seen them using these tools in their trading.
  • #10,371
  • Dec 14, 2023 4:12pm Dec 14, 2023 4:12pm
Thx I found one
  • #10,372
  • Dec 14, 2023 7:00pm Dec 14, 2023 7:00pm
Quoting lorecavoli
Thx I found one
That's great! Feel free to share your trades and experience with us.
  • #10,373
  • Dec 14, 2023 8:24pm Dec 14, 2023 8:24pm
Quoting Amiraven
Thank you Niks ! {image}
thank you for sharing your trades amiraven! especially the last two where you're exploring new ways to really make it your own strategy, that's great to see! the keltner channel multipliers do not look like one is double the other, is that your preference to run them like that?
every minute matters!
  • #10,374
  • Dec 15, 2023 1:08am Dec 15, 2023 1:08am
Quoting niks
{quote} thank you for sharing your trades amiraven! especially the last two where you're exploring new ways to really make it your own strategy, that's great to see! the keltner channel multipliers do not look like one is double the other, is that your preference to run them like that?
I really appreciate you sharing your trades and ideas with us. Yes, I usually try different settings to find what works for me.
I haven't come this far to only come this far !
  • #10,375
  • Dec 15, 2023 2:12am Dec 15, 2023 2:12am
Yes, I believe we always have win rate at 50% for any strategies. So M1 is the most appropriate timeframe to trade because of its fluctuation.
  • #10,376
  • Dec 15, 2023 3:39am Dec 15, 2023 3:39am
I love the simplicity of it. Yesterday I banked almost 3% then because dragging the wrong script on chart I closed the day at 1.2%. In your experience how much DD did you get on one pair when things went really bad? Have you been keeping same trades open for longer than 1 day?

Thx
  • #10,377
  • Dec 15, 2023 3:40am Dec 15, 2023 3:40am
Stress-free trading while shopping at the mall...

Just avoiding red news...
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  • #10,378
  • Dec 15, 2023 3:43am Dec 15, 2023 3:43am
lorecavoli,
1M Countertrend Trading thrives off the News, why ?
Because that's where volatility lives - in the News and without Volume you have nothing to trade.
cpfleger
  • #10,379
  • Dec 15, 2023 3:49am Dec 15, 2023 3:49am
Yes I agree! I meant it's better not to have open trades before the news After... It's gold
  • #10,380
  • Dec 15, 2023 4:38am Dec 15, 2023 4:38am
Quoting niks
M1 XAGUSD {image} following on from knowing margin requirements and pip values - swap rates, swap days and commission rates are also key and unique components of each currency pair - right click on a pair in Market Watch and select Specification - every row in this dialog must be clearly understood as it affects every position that is open - you will see the days on which TRIPLE swaps are charged as well as their rates, and you will also discover if and how much commission is charged for that pair - today is triple swap day for fx, gold and silver!!!...
You guys, not only niks and cpfleger, are doing a great job here! I'm trying to emulate your skills. But I think the system isn't enough without great confidence and braveness as it shown in this picture. Even with some DD, even if the system (of course) is not perfect, you can win anyway. I like this way of trading.
Can you spend two words about how you manage your DD, leaving opened the trades without burning your account just in a single bad situation? I'm curious how do you decide to "stop yourself" in bad situations. Hard stops? % of maximum DD tolerance?
I understand the system, but I'm not complete without such an important part, which I think is the 50% of success.

I'm proud to learn from you guys!
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