M1 AUDUSD 
every minute matters!
M1 Countertrend Scalping Strategy
- #11,303
- Apr 25, 2024 1:58am Apr 25, 2024 1:58am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAUUSD
it's one of the reasons why i always set targets, the long trade above just hit a massive amount of positive slippage which is not really possible when closing manually... thanks for the feedback, i try to make my snapshots legible but always feel free to yell out if something is not clear and best of luck to you!
{quote} Yeah I was a bit greedy, not closing it on time. hehe won't do it again next time. I learn a new thing every time I see your entries
every minute matters!
- #11,305
- Apr 25, 2024 5:44am Apr 25, 2024 5:44am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 AUDUSD
ic markets australia raw spread account for weekend crypto and lowest spread plus commissions...
eurusd for beginner and gold when more advanced... good luck!
{quote} what broker you use to trade btc sir? mine srpead so wide
wich pairs work the best for this strategy, EURUSD or GOLD??
every minute matters!
- #11,306
- Apr 25, 2024 7:33am Apr 25, 2024 7:33am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 AUDUSD - more positive slippage!
every minute matters!
- #11,308
- Apr 26, 2024 12:05am Apr 26, 2024 12:05am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAGUSD
any session is suitable, aggressive moves including tough trends can happen during asian session - just avoid the last couple and first couple of hours of the rollover period... good luck!
hey guys, what session are u trading for this strategy? Asian session for a less aggressive move, perhaps?
every minute matters!
- #11,310
- Apr 26, 2024 6:02am Apr 26, 2024 6:02am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
{quote} Thank u sir! May I asked, how do u use keltner channel to improve this strategy? Price tough the band for more better entry?
M1 AUDUSD
for this trade i am using the inner channel, there is rejection on the top of it, and acceptance on the bottom of it...
the break above ema9 failed to hold, and rsi7 spiked above 70...
plus it looks like it's going down!
target is anticipating strong break of recent support...
every minute matters!
- #11,312
- Edited 5:49pm Apr 27, 2024 4:59pm | Edited 5:49pm
Mechanical Systems Update #2
I have combined 3 different indicators to create a mechanical trend-following system for GBPJPY using PointO Renko charts.
I summarize the most relevant information here:
1) Brick size is 500 points with a fixed spead of 25 points (the historical average of Blueberry Markets).
2) Dukascopy tick data is used for a total testing period of 13 years 2010-2023.
3) 2/3s of such data is in-sample (optimization) and 1/3 is out-sample (validation).
4) 50 indicators were tested and the list was eventually reduced to 3: Stochastic-of-filtered-price, RSI of AMA - floating levels and the Range weighted average MACD.
5) These indicators were tested against other "trend-friendly" pairs such as USDJPY, XAUUSD, EURUSD, AUDJPY to evualuate their consistency and robustness.
6) All of the indicators work independently from each other, so they have different entry and exit points, and different holding times as well.
7) The "good":
- Uncorrelated to CAD countertrend systems, so they could be used together for increased profits and diversification.
- It is always in the market, so it will catch every big move available.
- Simple logic = increased robustness.
8) The "bad":
- Low win-rate (only 33%). So it depends on GBPJPY home-runs to be profitable.
- Periods of stagnation and losing strings (like all trend following systems).
- The pip value of the GBPJPY pair is quite high, so a bigger account and leverage is needed.
The combined performance using 0.01 lots and an initial balance of 1000$ USD:
Trade examples:
Observations:
- The Stochastic is very good at catching big ranges but will start losing and diverging in strong trends (divergence is a secondary effect of normalization).
- The RSI of AMA used this way(fast RSI vs slower MA) is very good at catching big moves very early, but chops often.
- The MACD is similar to the RSI but it doesn't chop as badly. The bad thing about the MACD is that it is slower to react.
- The 3 indicators complement each other nicely and the "smoothness" effect is similar to the one created by the cost-averaging MM without the extra-risks.
I have combined 3 different indicators to create a mechanical trend-following system for GBPJPY using PointO Renko charts.
I summarize the most relevant information here:
1) Brick size is 500 points with a fixed spead of 25 points (the historical average of Blueberry Markets).
2) Dukascopy tick data is used for a total testing period of 13 years 2010-2023.
3) 2/3s of such data is in-sample (optimization) and 1/3 is out-sample (validation).
4) 50 indicators were tested and the list was eventually reduced to 3: Stochastic-of-filtered-price, RSI of AMA - floating levels and the Range weighted average MACD.
5) These indicators were tested against other "trend-friendly" pairs such as USDJPY, XAUUSD, EURUSD, AUDJPY to evualuate their consistency and robustness.
6) All of the indicators work independently from each other, so they have different entry and exit points, and different holding times as well.
7) The "good":
- Uncorrelated to CAD countertrend systems, so they could be used together for increased profits and diversification.
- It is always in the market, so it will catch every big move available.
- Simple logic = increased robustness.
8) The "bad":
- Low win-rate (only 33%). So it depends on GBPJPY home-runs to be profitable.
- Periods of stagnation and losing strings (like all trend following systems).
- The pip value of the GBPJPY pair is quite high, so a bigger account and leverage is needed.
The combined performance using 0.01 lots and an initial balance of 1000$ USD:
Trade examples:
Observations:
- The Stochastic is very good at catching big ranges but will start losing and diverging in strong trends (divergence is a secondary effect of normalization).
- The RSI of AMA used this way(fast RSI vs slower MA) is very good at catching big moves very early, but chops often.
- The MACD is similar to the RSI but it doesn't chop as badly. The bad thing about the MACD is that it is slower to react.
- The 3 indicators complement each other nicely and the "smoothness" effect is similar to the one created by the cost-averaging MM without the extra-risks.
- #11,313
- Apr 28, 2024 10:06pm Apr 28, 2024 10:06pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
every minute matters!
- #11,314
- Apr 28, 2024 10:07pm Apr 28, 2024 10:07pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 BTCUSD
every minute matters!
- #11,315
- Apr 28, 2024 11:19pm Apr 28, 2024 11:19pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 XAGUSD
every minute matters!
- #11,317
- Apr 29, 2024 5:55am Apr 29, 2024 5:55am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
{quote} Good luck with you FTMO challenge !
my first attempt failed miserably! i exceeded both the daily and total drawdown limits and failed to meet the profit target...
amongst many lessons learnt the most important was that my existing money management was not suitable AT ALL for professional trading despite the nicely growing balance!
i am now running my second attempt and although it has also failed, it was only just slightly over. BUGGER! but i want to run it to the end regardless just to see the results, i feel i am doing a lot better on this one...
i'll post another update when it ends on thursday and if it ends well i'll start a third trial after that...
i also have a stack of notes i've been putting together to help me maintain the strict drawdown requirements that i can post, but i'll probably do that when i finish the third trial so everything along the journey is captured...
every minute matters!
- #11,318
- Apr 29, 2024 9:08am Apr 29, 2024 9:08am
- Joined Dec 2022 | Status: Trader | 3,228 Posts
M1 EURUSD
every minute matters!
{quote} thank you amiraven, i'm going to need it! i'm running the free trial at the moment, not the actual challenge, i plan to run the challenge if the trials are successful... my first attempt failed miserably! i exceeded both the daily and total drawdown limits and failed to meet the profit target... {image} {image} amongst many lessons learnt the most important was that my existing money management was not suitable AT ALL for professional trading despite the nicely growing balance! i am now running my second attempt and although it has also...
- #11,320
- Apr 29, 2024 10:13pm Apr 29, 2024 10:13pm
- Joined Dec 2022 | Status: Trader | 3,228 Posts
{quote} I know the daily/weekly/monthly goals in these challenges are quite demanding, but I am sure you are going to ace it sooner or later my friend, because you are a great trader. Wishing you the best luck
much appreciate your kind words and wishes Abade, thank you!
M1 XAGUSD
revised target after just missing original!
now it just has to hit it!
every minute matters!