Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#11,321
May 2, 2024 6:17am May 2, 2024 6:17am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

the second trial will end in a few hours - it was a wild ride the last two days immediately after the post above resulting in a deeper breach of daily drawdown at over 8% - that is not acceptable and something i obviously need to continue working on in the next trial...

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the profit target was well exceeded this time and i am very pleased with that result, there is only one open trade left that will not impact the result and will be closed before the trial ends leaving the account flat!

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every minute matters!

#11,322
May 2, 2024 7:25am May 2, 2024 7:25am

Amiraven
| Joined Apr 2023 | Status: Trader | 388 Posts

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I haven't come this far to only come this far !

#11,323
May 2, 2024 9:03am May 2, 2024 9:03am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

Quoting Amiraven

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{image}

Ignored

great result even in a tough trend, well done amiraven! gold and silver have been running very tough trends lately...

here is my wild ride with silver this week on the hourly chart!

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M1 AUDUSD

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every minute matters!

#11,324
May 2, 2024 9:24am May 2, 2024 9:24am

chhico
Joined Jul 2016 | Status: Trader | 86 Posts

Hi traders,
after a long studing and trading period chhico is back... look at my live account trade explorer.. who is interested in earning big profit please private message me..
best wishes...

#11,325
May 2, 2024 9:34am May 2, 2024 9:34am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

Quoting chhico

Disliked

Hi traders, after a long studing and trading period chhico is back... look at my live account trade explorer.. who is interested in earning big profit please private message me.. best wishes...

Ignored

hi chhico, it is awesome to see you back and trading well!

every minute matters!

#11,326
May 3, 2024 12:41am May 3, 2024 12:41am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 AUDUSD

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every minute matters!

#11,327
May 3, 2024 3:50am May 3, 2024 3:50am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 AUDUSD

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every minute matters!

#11,328
May 3, 2024 4:43am May 3, 2024 4:43am

Manohar00
| Joined Jan 2024 | Status: Trader | 9 Posts

this ea takes trade at specified grid distance no matter if candle close or not.
I want to modify it so that it should open new trade after candle close only.
can you please do this for me?
Attached File(s)
https://assets.faireconomy.media/images/attach/mq4.gif Simple average EA.mq4 17 KB | 11 downloads

also need mql5 version

#11,329
May 3, 2024 3:25pm May 3, 2024 3:25pm

Abade
Joined Aug 2016 | Status: Trader | 536 Posts

Quoting Manohar00

Disliked

this ea takes trade at specified grid distance no matter if candle close or not. I want to modify it so that it should open new trade after candle close only. can you please do this for me? Attached File(s) {image} Simple average EA.mq4 17 KB | 11 downloads also need mql5 version

Ignored

This is the wrong thread for this kind of request, please try this one.

Quoting chhico

Disliked

Hi traders, after a long studing and trading period chhico is back... look at my live account trade explorer.. who is interested in earning big profit please private message me.. best wishes...

Ignored

It's nice to see you back @Chhico, and I must say that's a very impressive record you have.

Quoting Amiraven

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{image}

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Very nice trades @Amiraven! I can tell you adapted your exits to the current structure and speed of the market.

#11,330
May 3, 2024 9:13pm May 3, 2024 9:13pm

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

Quoting Abade

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Very nice trades @Amiraven! I can tell you adapted your exits to the current structure and speed of the market.

Ignored

i wish i could do the same!

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i had no chance to exit the first two positions, so i took a third but that continued below ema200 so i took early profits on it which was good because it limited my exposure during the subsequent drawdown! but it also limits my ability to take out VIP orders like at the bottom here because drawdown is already deep and adding another failing position may end up breaching the limit, so i need to balance that out... these values must be monitored VERY closely at ALL times...

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it has settled back above 2300 for now so hopefully it will pop into targets next week!

every minute matters!

#11,331
May 4, 2024 12:10am May 4, 2024 12:10am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 BTCUSD

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every minute matters!

#11,332
May 4, 2024 4:24am May 4, 2024 4:24am

Manohar00
| Joined Jan 2024 | Status: Trader | 9 Posts

Quoting Abade

Disliked

{quote} This is the wrong thread for this kind of request, please try this one. {quote} It's nice to see you back @Chhico, and I must say that's a very impressive record you have. {quote} Very nice trades @Amiraven! I can tell you adapted your exits to the current structure and speed of the market.

Ignored

thank you brother

#11,333
May 4, 2024 4:26am May 4, 2024 4:26am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 BTCUSD

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every minute matters!

#11,334
May 4, 2024 4:34am May 4, 2024 4:34am

oo7rai
Joined Feb 2022 | Status: Trader | 704 Posts

Quoting niks

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M1 AUDUSD {image} {image}

Ignored

niks,
look/ wait for 2 connecting points for trendline
wait for clear enough breakout
then wait for a nice pullback for entry

R/R can be 1:1.5

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#11,335
May 4, 2024 5:29am May 4, 2024 5:29am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 BTCUSD

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every minute matters!

#11,336
May 4, 2024 5:38am May 4, 2024 5:38am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

Quoting oo7rai

Disliked

{quote} niks, look/ wait for 2 connecting points for trendline wait for clear enough breakout then wait for a nice pullback for entry R/R can be 1:1.5 {image}

Ignored

thank you for the advice, as a discretionary trader, i just trade what i see and do not follow any rules, the basic premise of my trades using the ema strategy by KoF is outlined in post #1... it has since evolved to use keltner channels and rsi as additional aids...

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every minute matters!

#11,337
May 4, 2024 8:04am May 4, 2024 8:04am

niks
Joined Dec 2022 | Status: Trader | 3,228 Posts

M1 BTCUSD

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Quoting oo7rai

Disliked

{quote} niks, look/ wait for 2 connecting points for trendline wait for clear enough breakout then wait for a nice pullback for entry R/R can be 1:1.5 {image}

Ignored

looking at this closer i see you are describing the classic breakout pullback price action pattern, although from the perspective of a trend, i always looked at it from a support\resistance perspective, so i appreciate you highlighting this!

every minute matters!