You can find the full cpfleger's template and ruleset here: https://www.forexfactory.com/thread/...3#post14318063 Warning/Intro: This is a very aggresive/discretional strategy, so don't trade with money that you cannot afford to lose. Also, I AM NOT THE ORIGINAL CREATOR OF THIS STRATEGY! I just thought it would make a very interesting experiment to share and look into, as most systems online preach the "trend is your friend" mantra and in my experience this is not true (most of the time). The owner of the strategy claims that...
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Well i will share a way better my private scalper which let me profit 300% in the first week. if you can take it a try { virus risk deleted by staff }
Can you explain a bit more about this set up gringo?… you have both buy and sell trades placed on the chart but what determines a entry and how do you take profit? Thanks in advance.
CM-PunkFX,
If you read the entire Forum from page 1, we are trying an experiment in replicating a YouTuber known as Kong of Forex (KoF) and his free trading video's. His strategy is based on trend and countertrend trading on any timeframe BUT he prefers the 1M TF as its quick and less fees (Commission and Swap) per day.
Now, since the 19th of October 24, I have been experimenting with the dreaded Drawdown Wall (leftover drawdown trades) and have convinced myself that the Market Cycles in a reversal mode due to the fact the Market Maker cannot go too far from a certain price value during his working week as he must be paid every week or lose his role within the Bank.
So, with weekly fact, instead of worrying about drawdown, I decided to test my theory and work them as they eligible to be closed by a trend or countertrend trade over time. I have worked this Drawdown Wall up and down over 3 times over the last 2 and some days trading time. This unconventional trading strategy but has proven valuable to me and screenprints are my evidence of doing a non-traditional trading strategy that seems to work so far... Please read and watch KoF Video's at your convience.
M1 Countertrend Scalping Strategy
