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M1 Countertrend Scalping Strategy

  • #13,521
  • Dec 28, 2024 7:26am Dec 28, 2024 7:26am
This example shows the trend was up (Yellow XU). So only looking for opportunities to trade long.
The red vertical lines would be the entry points as price is near the bottom of the XU Channel and the XB4 changes to green (over zero line).
Close at either the price touching the top of the XU Channel (white upper line) - or when XB4 goes red (below zero line) - or when VHP signal line (thin green) crosses the BB Stops line (thick green/red).
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: screenshot.png Size: 54 KB
Golden nuggets of wisdom not offered here.
  • #13,522
  • Dec 28, 2024 10:43am Dec 28, 2024 10:43am
Quoting Present
These are the indicators I am using. This is on MT4. Settings could be whatever you prefer. I like 15 on the XB4 for scalping, day, and swing. I have the VHP at 200. For XU Channel the only change I made is on the TMA1per to 150 (I also like 15 and the 56 base setting). BB Stops - period set to 10, deviation to 0.4. EMA Multi meter set to MA Period 15. {file} {file} {file} {file} {file} {file} {file} {file} {image} {image}

super Present
Are you happy with your system'? Give randament?

looks very interesting
  • #13,523
  • Dec 28, 2024 11:32am Dec 28, 2024 11:32am
Quoting axelgr
{quote} super Present Are you happy with your system'? Give randament? looks very interesting
I am extremely happy with my system.

Every way I want to trade is incorporated in.

I can do cost-averaging by simply adding long position every time a candle closes below the bottom of the channel and the volume indicator changes from sellers in control to zero or buyers in control. Could be 7 or 10 small entries depending on how many candles break below channel before it reverses.

I can just use the oscillator for larger lot size entries.

I can do support/resistance.

I can see visually how not to get caught in a trend that goes wildly against me. Sure it still can happen. But that loss gets buried under a pile of wins. More often, it gets moved into a long-term trade anyway and still cost-averaged into a win or it gets ridden for weeks if its with the Weekly trend.

My disclosure is that I've been trading for about 4 years. I consider this setup as a master-class advanced strategy for those who choose to use indicators. Expect.......DEMAND............a winning rate above 80%. Use very small entries until mastered. Always keep more than half of your margin available.
Golden nuggets of wisdom not offered here.
  • #13,524
  • Dec 28, 2024 12:02pm Dec 28, 2024 12:02pm
Quoting Present
{quote} I am extremely happy with my system. Every way I want to trade is incorporated in. I can do cost-averaging by simply adding long position every time a candle closes below the bottom of the channel and the volume indicator changes from sellers in control to zero or buyers in control. Could be 7 or 10 small entries depending on how many candles break below channel before it reverses. I can just use the oscillator for larger lot size entries. I can do support/resistance. I can see visually how not to get caught in a trend that goes wildly against...

sounds very interesting
thank you for sharing
  • #13,525
  • Dec 28, 2024 12:20pm Dec 28, 2024 12:20pm
Quoting Present
{quote} I am extremely happy with my system. Every way I want to trade is incorporated in. I can do cost-averaging by simply adding long position every time a candle closes below the bottom of the channel and the volume indicator changes from sellers in control to zero or buyers in control. Could be 7 or 10 small entries depending on how many candles break below channel before it reverses. I can just use the oscillator for larger lot size entries. I can do support/resistance. I can see visually how not to get caught in a trend that goes wildly against...
Quick test and i can see that the XU Channel is repainting a lot, how do you use it ?
  • #13,526
  • Edited 1:01pm Dec 28, 2024 12:50pm | Edited 1:01pm
Quoting david79454
{quote} Quick test and i can see that the XU Channel is repainting a lot, how do you use it ?
Yeah.

I don't mind repainting. I know its an automatic disqualifier to many. But to me, repainting means adjustments to match reality. In this case, the indicator is turned on and off with the button. So use it or don't. The adjustments help me when choosing a close point.
Plus, the VHP channel does not repaint.
Plus, the XB4 Oscillator does not repaint.

So, I find value in it. But I could also trade without it. The VHP or a similar regression channel is the most important to me. Without the XU, I close at the VHP channel midpoint or the 200ema, whichever comes first.

Here's a similar setup without it:
Attached Image (click to enlarge)
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  • #13,527
  • Dec 28, 2024 2:14pm Dec 28, 2024 2:14pm
Quoting Present
{quote} I am extremely happy with my system. Every way I want to trade is incorporated in. I can do cost-averaging by simply adding long position every time a candle closes below the bottom of the channel and the volume indicator changes from sellers in control to zero or buyers in control. Could be 7 or 10 small entries depending on how many candles break below channel before it reverses. I can just use the oscillator for larger lot size entries. I can do support/resistance. I can see visually how not to get caught in a trend that goes wildly against...
A master class advanced strat for those who choose to use indicators and DEMAND a win rate above 80%? Wow. Sold.

How do you go about mastering a mess of indicators? What brought you into the countering thread and decided these boys need more than the simple ema's?
  • #13,528
  • Dec 28, 2024 3:04pm Dec 28, 2024 3:04pm
Quoting PR31D
{quote} A master class advanced strat for those who choose to use indicators and DEMAND a win rate above 80%? Wow. Sold. How do you go about mastering a mess of indicators? What brought you into the countering thread and decided these boys need more than the simple ema's?
I'm sure most pf them don't.

I used to watch a lot of the kof Ytube vids and wondered why he never got caught in a trade that went against him for days, since that was happening to me every once in a while. I still don't know why he never lost.

So I found the regression channel really helped me. From there, I found value in making new rules for entries and exits.

I hope it helps someone to be more profitable, as I have been down the simple emas road myself. I sincerely hope that sharing what works for me has not caused any issues.

Best trading always!
Golden nuggets of wisdom not offered here.
  • #13,529
  • Dec 29, 2024 5:04am Dec 29, 2024 5:04am
Quoting Present
{quote} I'm sure most pf them don't. I used to watch a lot of the kof Ytube vids and wondered why he never got caught in a trade that went against him for days, since that was happening to me every once in a while. I still don't know why he never lost. So I found the regression channel really helped me. From there, I found value in making new rules for entries and exits. I hope it helps someone to be more profitable, as I have been down the simple emas road myself. I sincerely hope that sharing what works for me has not caused any issues. Best trading...
I've watched kof get caught in a big trend, one that went over two days which he dug himself out of. It seems that no matter who you are or how little/many indicators you use it's going to happen eventually. If you don't know how to handle them as a counter trend trader then they're going to do some damage.

Kof loses all the time, he just wins more often.

What if your indicators and all that are actually doing your progress more harm than good? The ema's alone didn't work for you? Same here. They worked until a big trend came along and wiped all my gains out. Why did that happen? How can I prevent it happening again? I tried indicators and they did help to a point but oh no, eventually another trend would get me and no indicator was going to help me get out. I then had a thought, I cant get trapped in a big trend if a big trend is already in motion. All I have to do is just sit, wait for the trend to tire and ride it back to the ema's. This worked but it's incredibly boring. You can wait for a long time and eventually you get tempted into smaller trends and before you know it you're trapped in another big trend.

I've since decided to counter-counter trend trade. It's a new and exciting way to trade (joke). Hours of practice with price action, emas and volume alone where I try feel for when a trend is starting and counter-counter trend it. If I'm right, sit back and watch it go, when it shows signs of tiring ill begin to counter too. If I'm wrong, doesn't matter, let the draw down ride and counter out of it as I've always done.

Given the downtime with the markets. Maybe ditch the kaleidoscope indicators, revert to the emas and just watch PA unfold for a while. It works, there's ample proof within this thread.
  • #13,530
  • Dec 29, 2024 6:25am Dec 29, 2024 6:25am
Quoting PR31D
{quote} I've watched kof get caught in a big trend, one that went over two days which he dug himself out of. It seems that no matter who you are or how little/many indicators you use it's going to happen eventually. If you don't know how to handle them as a counter trend trader then they're going to do some damage. Kof loses all the time, he just wins more often. What if your indicators and all that are actually doing your progress more harm than good? The ema's alone didn't work for you? Same here. They worked until a big trend came along and wiped...
With a heavy heart, I want to say that there is no single indicator that shows the exact entry point and exit point.
Indicators are just tools that help us make decisions.
I have tried many systems and many indicators, it turns out that all indicators work not much differently. They only follow Price Action.
Price always moves first and is followed by indicators.
If you watch videos from KOF, pay close attention, he relies more on price action than EMAs. He uses EMAs to help him make decisions for entry and exit.
When to trend and when to countertrend.
  • #13,531
  • Dec 29, 2024 7:55am Dec 29, 2024 7:55am
Yeah, I've watched a lot of them over the past few years.

I agree that most indicators are just different ways of showing the same thing.

I have learned that its a matter of presentation and education. For presentation, its just which display makes it easier. For education, its showing the best entries and exits, along with the traps.

For example:
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This base KOF with a regression channel shows that there are nicely defined entry and exit points. The bounce off of the 200ema and going past all the other emas and closing at the top of the channel. Or the long entry in the last 3 minutes. The closing would be at the convergence of the 200 and the 50, which is the midpoint of the channel. There doesn't even need to be a mysterious distance price is away from the 9ema for entry.

I get that people believe price action trading is what defines an expert trader. There are even many indicators that show how to do it. But truthfully, I watch a lot of online traders doing it and I hang my head and sigh knowing what they should have done. They are the ones who make bank with a much smaller win rate. Which is fine, but not for me. Doing it on M1? I don't personally recommend. In fact, I do not see King doing that in his videos. So your experience may be deeper than mine. I'll look forward to learning from you as well.

I am always very happy to hear people doing well with their trading and it looks like you have been doing very well. I wish you continued success always, beyond your highest expectations. Price Action IS an indication of experience.

But anyone, at any level can do this and save a lot of grief along the way. Making profit sooner in their trading careers. I've done it with just the emas hundreds of times. The way I do it is much more reliable and easier.........for me.

You, of course, bring up a very good point when you say essentially that there are no holy grail indicators. Its definitely the trader that makes one successful or not. I tried to make a system that is as easy as possible so that its as close to auto-pilot as it gets.

I also want to not post things that break the rules on a forum. I will discontinue showing setups unless asked to because I am catching on to the theme that the forum is more specifically to the KoF trading instead of simply M1 Countertrend. Which is absolutely fine with me.

Sorry to drone on. But I suspect I offended somebody with the setup posts and it feels like I'm on thin ice.
Golden nuggets of wisdom not offered here.
  • #13,532
  • Dec 29, 2024 8:34am Dec 29, 2024 8:34am
Quoting PR31D
{quote} If I'm wrong, doesn't matter, let the draw down ride and counter out of it as I've always done. Given the downtime with the markets. Maybe ditch the kaleidoscope indicators, revert to the emas and just watch PA unfold for a while. It works, there's ample proof within this thread.
Lots of good stuff to agree with there. I just know that although you and I can let it ride (and that too can be a fun part) less experienced traders are going to blow accounts. Looking back, since I did not blow the account, it really was a great learning experience. A good test of patience and proper psychology.

I'm typical. I did what we all do. Set up an account and blow half of it in the first 6 months. Then go through every strategy known to man for a couple of years. Then start to make consistent profits. Not any big-time trader. Just very consistent.

Anyway, I'm a fan of the ema strategy and glad there's a forum for it. I can stop putting my Christmas Lights charts up.
Golden nuggets of wisdom not offered here.
  • #13,533
  • Dec 29, 2024 9:51am Dec 29, 2024 9:51am
Quoting Present
Yeah, I've watched a lot of them over the past few years. I agree that most indicators are just different ways of showing the same thing. I have learned that its a matter of presentation and education. For presentation, its just which display makes it easier. For education, its showing the best entries and exits, along with the traps. For example:{image} This base KOF with a regression channel shows that there are nicely defined entry and exit points. The bounce off of the 200ema and going past all the other emas and closing at the top of the channel....
From my experience so far, every trader has their own style based on their personality. The system we use that is successful for us is not necessarily suitable for others. However, if you diligently use the system continuously with patience. I'm sure it will work.
  • #13,534
  • Dec 29, 2024 11:16am Dec 29, 2024 11:16am
Quoting Present
{quote} Lots of good stuff to agree with there. I just know that although you and I can let it ride (and that too can be a fun part) less experienced traders are going to blow accounts.
How long are you going to be happy lying to yourself Mr 80%? You dont care about other newbie traders, none of us do. I only care about those here who show that theyre doing the work, understanding how it all actually works.

Your indicators, how much curve fitting are you doing before you post your screen shots? You want others to try your detrimental system in the hope someone finds a way to make it work? Justifying your time? Using them to lure in noobs is weak stuff.

Learn PA. Otherwise you and that nutter that posts a new trading system every day should combine forces. If not for profit it would make for hilarious reading.
  • #13,535
  • Dec 29, 2024 11:56am Dec 29, 2024 11:56am
Quoting PipsArt
{quote} From my experience so far, every trader has their own style based on their personality. The system we use that is successful for us is not necessarily suitable for others. However, if you diligently use the system continuously with patience. I'm sure it will work.
So true.
Golden nuggets of wisdom not offered here.
  • #13,536
  • Dec 29, 2024 12:05pm Dec 29, 2024 12:05pm
Quoting PR31D
{quote} How long are you going to be happy lying to yourself Mr 80%? You dont care about other newbie traders, none of us do. I only care about those here who show that theyre doing the work, understanding how it all actually works. Your indicators, how much curve fitting are you doing before you post your screen shots? You want others to try your detrimental system in the hope someone finds a way to make it work? Justifying your time? Using them to lure in noobs is weak stuff. Learn PA. Otherwise you and that nutter that posts a new trading system...
Wow.

I have done the work, and I know where it leads to.

I have been honest and offered a system that works better.

Unless you delete this post, people will know who the nutter really is.
Golden nuggets of wisdom not offered here.
  • #13,537
  • Dec 29, 2024 1:29pm Dec 29, 2024 1:29pm
Quoting Present
{quote} Wow. I have done the work, and I know where it leads to. I have been honest and offered a system that works better. Unless you delete this post, people will know who the nutter really is.
You came into the counter thread with your 80% DEMAND BS fishing for some noobs to lure in. Some of the countertrend regulars have entertained you, tried to nudge you towards a purer path. Yet no. You offer no proof that your kaleidoscope system works. You belong in the past, not the present.

Madness is believing a pile of junk indicators gets you 80% win rate lol. Bye.
  • #13,538
  • Dec 29, 2024 10:09pm Dec 29, 2024 10:09pm
Quoting Present
This example shows the trend was up (Yellow XU). So only looking for opportunities to trade long. The red vertical lines would be the entry points as price is near the bottom of the XU Channel and the XB4 changes to green (over zero line). Close at either the price touching the top of the XU Channel (white upper line) - or when XB4 goes red (below zero line) - or when VHP signal line (thin green) crosses the BB Stops line (thick green/red). {image} {image}
What is this indicator ??? where i can get it
  • #13,539
  • Dec 30, 2024 11:32am Dec 30, 2024 11:32am
Quoting shafira325
{quote} What is this indicator ??? where i can get it
This forum is for discussion of the king of forex EMA strategy only. With or without additional indicators.. this is a good place to be if you want to learn about that strategy.

Having said that, if you want the indicators check one page back.

It appears your subscription does not allow direct messaging, which is why I had to respond to you here.
Golden nuggets of wisdom not offered here.
  • #13,540
  • Jan 1, 2025 12:28pm Jan 1, 2025 12:28pm
Quoting Present
{quote} Yeah. I don't mind repainting. I know its an automatic disqualifier to many. But to me, repainting means adjustments to match reality. In this case, the indicator is turned on and off with the button. So use it or don't. The adjustments help me when choosing a close point. Plus, the VHP channel does not repaint. Plus, the XB4 Oscillator does not repaint. So, I find value in it. But I could also trade without it. The VHP or a similar regression channel is the most important to me. Without the XU, I close at the VHP channel midpoint or the...
XB4 indi is renamed version of solar wind. it repaints heavily. XU channel and VHP channel are TMA channel which is always recalculated/repainted in realtime.
the question is how do you manage to get out when XB4 gives you false signals and got catch in big trend?
all of the entries in your last posts are not accurate because of repainting signals. if your entries work like that, everyone should be millionair.
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