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M1 Countertrend Scalping Strategy

  • #11,841
  • Jul 11, 2024 1:40am Jul 11, 2024 1:40am
trying my EA
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File Type: ex4 FTMO_DCA.ex4   137 KB | 248 downloads
  • #11,842
  • Jul 11, 2024 2:57am Jul 11, 2024 2:57am
Quoting Linhngoc
trying my EA {file}
Guys. Linhngoc has put this exactly post with same worth and same EA on 10 different threads this morning.

You know an EA can have dangerous content to your PC. I would be carefull about downloading this EA.

And he has never done anything else on FF. This is very suspecious.
MetaTrader 4 - so many advantages.
  • #11,843
  • Edited Jul 25, 2024 7:20am Jul 11, 2024 7:25am | Edited Jul 25, 2024 7:20am
{ copyrighted content deleted by staff }
  • #11,844
  • Jul 11, 2024 7:27am Jul 11, 2024 7:27am
and the rest are scammers... trader beware!
every minute matters!
  • #11,845
  • Edited 9:56am Jul 11, 2024 8:34am | Edited 9:56am
Quoting gringo2019
{image}
Im confused, what is this meant to show?


...anyway. After watching price climb for ages I hopped in. My gut told me to stick in and ride the news as it has to plummet. Decided to play it safe.
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lol. If this wasnt a prop account limited to three orders I would of chanced it however decided to play it safe. Prop firm progress below.

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  • #11,846
  • Jul 11, 2024 9:52pm Jul 11, 2024 9:52pm
Quoting PR31D
{quote} Im confused, what is this meant to show? ... I would of chanced it however decided to play it safe. Prop firm progress below. {image} {image}
don't be confused by nonsense, that's the purpose of it!

playing it safe is the only way when trading a prop firm account if you want to keep it, you made the right decision and the accounts are still heading in the right direction, great work!
every minute matters!
  • #11,847
  • Jul 13, 2024 3:01am Jul 13, 2024 3:01am
M1 BTCUSD
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every minute matters!
  • #11,848
  • Jul 13, 2024 3:49am Jul 13, 2024 3:49am
M1 BTCUSD
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every minute matters!
  • #11,849
  • Jul 15, 2024 8:47pm Jul 15, 2024 8:47pm
M1 AUDUSD
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every minute matters!
  • #11,850
  • Jul 16, 2024 6:05am Jul 16, 2024 6:05am
M1 AUDUSD
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every minute matters!
  • #11,851
  • Jul 16, 2024 7:00am Jul 16, 2024 7:00am
M1 AUDUSD
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every minute matters!
  • #11,852
  • Jul 18, 2024 1:29am Jul 18, 2024 1:29am
Scalping series: #01 Rules for scalping - by Al Brooks

Quote
A scalper, he has bad risk/reward,
so he needs very high probability. Look at the lottery, for example. Your state makes money
by selling you a lottery ticket. They have a very high probability
of being able to keep your one dollar, but they have terrible risk/reward. Sometimes they have
to pay a million dollars to a person who bought
a ticket for one dollar. A scalper has more risk than reward. He has terrible risk/reward. He can only make money
if he has a very high probability. There are things he can do
to increase his probability. The two that scalpers most often use
are they scale into trades – they add to their trade as it goes against
them – and they use a very wide stop. Some scalpers don’t even use stops at all if they’re very confident
about their position. Scaling in and wide stops
increases your risk; however, it greatly
increases your probability. Professional scalpers, they trade small. Very small, so that if the market
goes quickly far against them, they’re not going to lose more on that
trade, than they would on any other trade, and they also will not panic if
the market goes far against them.
every minute matters!
  • #11,853
  • Jul 18, 2024 10:35am Jul 18, 2024 10:35am
Sorry for the lack of posts this week. I'm travelling for work and the ctrader mobile app doesn't show order history on the chart. It will show a single order if delving into the order history but it's too much work to post everything.

Hoping to get through a heap of Al's book in the coming days.

Have a good weekend when it comes! (I'm not trading tomorrow)

Prop firm progress below.

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  • #11,854
  • Jul 21, 2024 8:06am Jul 21, 2024 8:06am
M1 BTCUSD
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Quoting PR31D
Sorry for the lack of posts this week. I'm travelling for work and the ctrader mobile app doesn't show order history on the chart. It will show a single order if delving into the order history but it's too much work to post everything. Hoping to get through a heap of Al's book in the coming days. Have a good weekend when it comes! (I'm not trading tomorrow) Prop firm progress below. {image} {image}
it is very technical and can take a few reads to soak in, he is also a with trend trader and prides himself on catching out trapped counter trend traders!
the entire book is essential reading, learning to read the trend is the only way not to get trapped in one with this strategy...
your results keep heading in the right direction, that's great to see!
every minute matters!
  • #11,855
  • Jul 21, 2024 9:51pm Jul 21, 2024 9:51pm
M1 AUDUSD
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every minute matters!
  • #11,856
  • Jul 23, 2024 4:01am Jul 23, 2024 4:01am
M1 AUDUSD
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every minute matters!
  • #11,857
  • Jul 23, 2024 8:27am Jul 23, 2024 8:27am
M1 AUDUSD
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every minute matters!
  • #11,858
  • Jul 23, 2024 11:30pm Jul 23, 2024 11:30pm
What kind of trade account should you be using with this strat?

Standard account on IC ?

I have a raw spread account but now i think about it im paying commissions and with standard you dont if im correct?
  • #11,859
  • Jul 24, 2024 1:51am Jul 24, 2024 1:51am
M1 AUDUSD
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Quoting RD12
im paying commissions and with standard you dont if im correct?
that's correct, but your spreads are much lower and zero in some cases - try both and see which suits best, ideally you need very low spreads for this strategy...
every minute matters!
  • #11,860
  • Jul 24, 2024 9:06pm Jul 24, 2024 9:06pm
M1 AUDUSD
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every minute matters!
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