M1 Countertrend Scalping Strategy

Quoting akangaziz

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{quote} interesting. your trade (almost always) ended with a good result. just curious, which channel indicator is it (with the red-yellow-green color)?

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Quoting niks

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{quote} it is cap channel, maybe in the paperclip you will find it... otherwise you can get it from here... https://www.mql5.com/pt/market/product/28380 i feel more confident with my trade since using this channel, credit goes to user "present" for introducing it to this thread! all the best to you! M1 AUDUSD {image}

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Quoting niks

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{quote} it is cap channel, maybe in the paperclip you will find it... otherwise you can get it from here... https://www.mql5.com/pt/market/product/28380 i feel more confident with my trade since using this channel, credit goes to user "present" for introducing it to this thread! all the best to you! M1 AUDUSD {image}

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Quoting akangaziz

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{quote} thank you. appreciated.

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Quoting Luxyus

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{quote} i ve tried many years ago, beware it can mislead when moves on bigger TFs are happening. Personally i found much reliable multiple Keltner Channels.

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Quoting niks

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did you ever try multiple cap channels? i'd be interested if you could share how you use multiple keltner channels...

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Quoting Luxyus

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{quote} no i dont. in w/e i ll take the time to share

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Quoting niks

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{quote} it is cap channel, maybe in the paperclip you will find it... otherwise you can get it from here... https://www.mql5.com/pt/market/product/28380 i feel more confident with my trade since using this channel, credit goes to user "present" for introducing it to this thread! all the best to you! M1 AUDUSD {image}

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Quoting akangaziz

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this indi doesn't repaint, just change the BandDeviations to 2 or 3 and it will have a similar band channels like CAP Channel indi.

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Quoting niks

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M1 AUDUSD {image} {image}

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Quoting niks

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{quote} no problem, it gets easier with practice, as long as it's deliberate and you stick to one process, you'll find you're own way... being unable to constantly monitor trades will become a problem eventually, perhaps consider setting up fixed size limit orders rather than variable lot sizes to compensate... also maybe consider smaller targets for quicker results to avoid needing to monitor so often... without monitoring, your last decision is only as good as the information presented to you at the time which can change very quickly... the ability...

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