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M1 Countertrend Scalping Strategy

  • #10,741
  • Jan 26, 2024 6:52am Jan 26, 2024 6:52am
M1 GBPUSD
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every minute matters!
  • #10,742
  • Jan 26, 2024 7:07am Jan 26, 2024 7:07am
M1 GBPUSD
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every minute matters!
  • #10,743
  • Jan 26, 2024 7:37am Jan 26, 2024 7:37am
M1 GBPUSD
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every minute matters!
  • #10,744
  • Jan 26, 2024 7:44am Jan 26, 2024 7:44am
M1 GBPUSD
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every minute matters!
  • #10,745
  • Jan 26, 2024 9:17am Jan 26, 2024 9:17am
M1 GBPUSD - the bonus package!
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every minute matters!
  • #10,746
  • Edited 11:34am Jan 26, 2024 11:15am | Edited 11:34am
Quoting PR31D
{quote} I have been using KoF's tough trend method, combining it with Abades rule with price having to first touch the 50EMA before starting to countertrend. With a $500 account I am limited to 6-10 0.01 lots depending on the pair so I try to not over leverage too quickly. I'll test your suggestion, thanks. Hopped in on these two below, exiting on EMA9 for overall gain. Price then continued down to tap through the 200 -_- {image} Done for now. {image}
Great trades and accuracy @PR31D!

You shouldn't feel bad about not catching the full motion back to the 200 EMA. There are a lot of instances where price doesn't do that for very long periods of time so exiting at the next retracement (as you did in that example) will always be the safest play.

Having technical knowledge and a ruleset is helpful but the #1 priority should be to increase our implicit knowledge of the market and the instruments we trade.

Best regards
  • #10,747
  • Jan 26, 2024 7:29pm Jan 26, 2024 7:29pm
M1 BTCUSD - with some positive slippage!
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every minute matters!
  • #10,748
  • Jan 27, 2024 6:45pm Jan 27, 2024 6:45pm
I need this indicator for mt5 or please recommend some the best.
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File Type: mq4 SupDem Box button 1.02.mq4   18 KB | 311 downloads
  • #10,749
  • Jan 27, 2024 10:07pm Jan 27, 2024 10:07pm
M1 BTCUSD
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every minute matters!
  • #10,750
  • Jan 28, 2024 2:20am Jan 28, 2024 2:20am
M1 BTCUSD
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every minute matters!
  • #10,751
  • Jan 28, 2024 2:41am Jan 28, 2024 2:41am
M1 BTCUSD
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every minute matters!
  • #10,752
  • Jan 28, 2024 4:19am Jan 28, 2024 4:19am
9fxnan,
As requested.
cpfleger
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File Type: mq5 SupDem_Box_button_1.02.mq5   17 KB | 412 downloads
File Type: ex5 SupDem_Box_button_1.02.ex5   26 KB | 407 downloads
  • #10,753
  • Jan 28, 2024 4:25am Jan 28, 2024 4:25am
Quoting niks
M1 GBPUSD {image}{image} {image}
it seems like you are using martingale EA?
  • #10,754
  • Jan 28, 2024 4:51am Jan 28, 2024 4:51am
Quoting cpfleger
9fxnan, As requested. cpfleger {file} {file} {image}
cpfleger,
Thank you for your kindness.
  • #10,755
  • Jan 28, 2024 7:08pm Jan 28, 2024 7:08pm
Quoting T4Trade
{quote} it seems like you are using martingale EA?
no, martingale is a gambling technique, and this strategy uses fixed lot size cost averaging, a totally separate concept!

cost averaging is a widely used investment trading technique, martingale is not...

there is no ea used for this strategy... all the details of how it works are in this thread, feel free to read it...
every minute matters!
  • #10,756
  • Jan 29, 2024 6:27am Jan 29, 2024 6:27am
M1 GBPUSD
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every minute matters!
  • #10,757
  • Jan 29, 2024 6:52am Jan 29, 2024 6:52am
M1 GBPUSD
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every minute matters!
  • #10,758
  • Edited 9:16am Jan 29, 2024 9:04am | Edited 9:16am
Quoting Abade
{quote} Great trades and accuracy @PR31D! You shouldn't feel bad about not catching the full motion back to the 200 EMA. There are a lot of instances where price doesn't do that for very long periods of time so exiting at the next retracement (as you did in that example) will always be the safest play. Having technical knowledge and a ruleset is helpful but the #1 priority should be to increase our implicit knowledge of the market and the instruments...
Thank you for the link, some good reading. I try to spend 1-2 hours on the charts each day however I would still class myself as relatively new to the game. Today I managed to get caught up in a trend with gold. Managed not to panic when I hit my order limit and cashed out as soon as I BE. Needed to go lie down in a quiet place for a while, came back to see this and laughed. Checked the gold thread here and yeah seems I could of kept a closer eye on the goings on within that thread.
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  • #10,759
  • Jan 29, 2024 8:56pm Jan 29, 2024 8:56pm
M1 GBPUSD
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every minute matters!
  • #10,760
  • Jan 29, 2024 11:36pm Jan 29, 2024 11:36pm
M1 GBPUSD
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every minute matters!
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