M1 Countertrend Scalping Strategy
- #13,149
- Dec 4, 2024 4:42am Dec 4, 2024 4:42am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Hello everyone,
I wanted to first of all thank Abade for starting this interesting thread
This trading system reminds me very closely of another thread started by Riskcuit called 'A simple mean reversion strategy' https://www.forexfactory.com/thread/...rsion-strategy where a very similar approach is used although on higher timeframes (like M15, H1) and where SMA200 was used as a target, too bad that thread has lost interest and also the author seems to have disappeared.
I am currently concentrating using the template and guidance provided by cpfleger (who also seems to have disappeared from this thread) as well as Abade of course.
These are two trades closed this morning on EU 5M (+4 pips) and GU 5M (+15 pips), I would say not bad , no ?
Happy trading!
I wanted to first of all thank Abade for starting this interesting thread
This trading system reminds me very closely of another thread started by Riskcuit called 'A simple mean reversion strategy' https://www.forexfactory.com/thread/...rsion-strategy where a very similar approach is used although on higher timeframes (like M15, H1) and where SMA200 was used as a target, too bad that thread has lost interest and also the author seems to have disappeared.
I am currently concentrating using the template and guidance provided by cpfleger (who also seems to have disappeared from this thread) as well as Abade of course.
These are two trades closed this morning on EU 5M (+4 pips) and GU 5M (+15 pips), I would say not bad , no ?
Happy trading!
