M1 Countertrend Scalping Strategy

M1 GBPUSD

M1 GBPUSD

M1 GBPUSD

M1 GBPUSD



boris must be trading!

M1 GBPUSD

[quote=korosh1350;14711243] Risk can be transformed but it's impossible to eliminate it completely from trading. By using a SL you "eliminate" the risk of a single big loss, but you introduce the risk of big losing streaks that can be just as deadly for your account.

quick grab on BTCUSD excitement this morning

nice work sonicvista, i already grabbed some!

M1 AUDUSD

M1 AUDUSD

M1 AUDUSD

M1 AUDUSD - same trade different style, the one above was a trend continuation and this was a countertrend!

Very interesting strategy,thank you.

M1 AUDUSD

M1 AUDUSD

Mechanical Systems Update #1

I have scanned 29 forex pairs using PointO Renko Charts and a very simplistic countertrend system with a limited form of cost averaging and a max of 10 trades. Here are the final results of this research:

1) Pairs that benefit the most of PointO renko charts and countertrend logic:

#1 AUDCAD.
#2 USDCAD.
#3 EURCAD.
#4 EURGBP.
#5 NZDCAD.
#6 AUDUSD.
#7 EURUSD.

2) Worst pairs to trade using PointO renko charts and countertrend logic:

#1 XAUUSD.
#2 XAGUSD.
#3 GBPJPY.
#4 USDJPY.
#5 AUDJPY.
#6 CADJPY.
#7 NZDJPY.
#8 EURAUD.
#9 The rest of the GBP and CHF pairs.

3) Tested over 46 different moving averages and oscillators. The best performers (with links):

#1 Filtered deviation scaled MA (best consistency in most markets).
#2 Trend Strength Average
#3 Momentum_ama (couldn't find the link, it's a very old indicator).
#4 RocketRSI
#5 RSI of AMA - floating levels
#6 Stochastic of average(s)
#7 Filtered averages

4) I selected the Filtered Deviation Scaled MA to build a small portfolio of 4 pairs. Included AUDCAD (it has the best overall performance), USDCAD, EURCAD, EURGBP. All the backtests start in 2011 with a 1000$ USD balance and 1:500 leverage (more = better). 2021 and 2022 data is used for out of sample #1 (Dukascopy tick data). 2022 and 2023 data is used for out of sample #2 (Blueberry Markets tick data).

a) AUDCAD (PointO brick size = 25 pips) results:



b) USDCAD (PointO brick size = 25 pips):



c) EURCAD (PointO brick size = 50 pips):



d) EURGBP (PointO brick size = 25 pips):



Portfolio performance using 0.01 fixed lots per trade:



Porfolio performance using variable lot sizing (compounding):



Portfolio performance in out of sample #2 using 0.01 fixed lots (most recent weeks of Blueberry Markets tick data):



Note #1: The system will keep performing unless USD and EUR start showing long-term weakness against the rest of the currencies.

Note #2: The Main difference between this system and most of the free and commercial EAs is that this one will accept losing outcomes instead of using negative progression (i.e: Martingale) or waiting for a full reversal up/down the starting point to prevent a loss. This aligns with my own personal style in manual trading: Quick exits (next retracement) and using cost averaging to "widen" my entry point instead of using it as an extensive recovery method.

Some more trade examples (AUDCAD):

that's a LOT of work! thanks for sharing it...

the set of indicators you have chosen are top notch like the author that published them...

he also wrote the keltner channel i am using, plus the keltner rsi and oscillator i am currently testing...

the results look excellent, very stable consistent profits, very well done Abade!

Wow Thanks for sharing all of your hard work! It is nice to see some real analyzation like this.