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M1 Countertrend Scalping Strategy

  • #14,841
  • Apr 30, 2025 5:22am Apr 30, 2025 5:22am
M1 XAUUSD
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every minute matters!
  • #14,842
  • Apr 30, 2025 6:13am Apr 30, 2025 6:13am
Quoting cliffjaded
Hello friends, I hope M1 Counter-trend trading is serving you well. I just wrote a Distance to MA indicator. Honestly, it's nothing to fancy as you can do this with MACD - Set Fast EMA = 1 and Slow EMA = choice of MA. Turn the signal line colour to none and you get the same histogram. The only difference is I've coded the distance the reflect in points. I made this indicator to do some objective studies on mean reversion. I plan to add more functions like alerts, exporting to csv. Hope it helps someone. Let me if there's a certain function you require...
can you show a screenshot of the indicator please?
  • #14,843
  • Apr 30, 2025 6:41am Apr 30, 2025 6:41am
Quoting cliffjaded
Привет, друзья! Надеюсь, торговля контр-трендом M1 служит вам хорошо. Я только что написал индикатор...
there is one problem. the indicator does not update. you throw it on the chart and it just stands in place.
  • #14,844
  • Apr 30, 2025 6:58am Apr 30, 2025 6:58am
patron150,

Try the latest from the originator.
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Attached File(s)
File Type: ex4 ! Ma distance + signal.ex4   14 KB | 280 downloads
  • #14,845
  • Apr 30, 2025 7:34am Apr 30, 2025 7:34am
Quoting gringo2019
patron150, Попробуйте последнюю версию от создателя. {file} {image}
Thank you.
  • #14,846
  • Apr 30, 2025 9:02am Apr 30, 2025 9:02am
Quoting patron150
{quote} there is one problem. the indicator does not update. you throw it on the chart and it just stands in place.
Hey, thanks for the heads up. It was just a quick code. I plan to add more bells and whistles and update it here.
Leave the Gun, Take the Armani
  • #14,847
  • Apr 30, 2025 9:11am Apr 30, 2025 9:11am
Quoting cliffjaded
{quote} Эй, спасибо за наводку. Это был просто быстрый код. Я планирую добавить больше наворотов и обновить...
that would be great!!!!!!
  • #14,848
  • Edited 10:29pm Apr 30, 2025 9:20pm | Edited 10:29pm
Working on the indicator.

  1. Works-real time now
  2. Shows pips instead of points
  3. Calculates from high/low to MA instead of a selected price such as Close. This allows you to track truly how far price has moved away from the MA.

Intend to add:

  1. Alerts
  2. Arrows to show when Price has moved n pips away from MA
  3. Simulated trade lines
  4. Deviation Channel by pips
  5. Export to CSV for further spreadsheet masturbation for stat-nerds

Edit: Uploaded current version if you want to try it out first.

Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Distance to MA.mq4   7 KB | 211 downloads
Leave the Gun, Take the Armani
  • #14,849
  • Apr 30, 2025 11:32pm Apr 30, 2025 11:32pm
Quoting niks
{quote} almost every time i set a stop loss it gets hit! i tried doing the breakeven stop loss almost as you described it during my first trial but just it doesn't work for me or my trading style... good to see you handle mistake entries promptly as they should be! distance to ema is clearly visible, using a long term average number of pips from swing high or low back to ema200 as a signal might be more useful, i don't know, just a thought... nice trading, best of luck to you!
This is doable, manually and automatically. Manually would allow to pick the best peaks and troughs and come up with your own meaningful average. Automatically, while easier, will be more arbitrary. Will try to code something up for you!
Leave the Gun, Take the Armani
  • #14,850
  • Edited 4:35am May 1, 2025 3:52am | Edited 4:35am
Alright, I've been screwing with this for a whole day straight (at the office because I have absolutely nothing to do).

Distance from MA v1.3

  1. Press "1" to create Horizontal Line in the sub-window.
  2. Press "o" to toggle Object Descriptions.
  3. Press "i" to toggle alert for selected Horizontal Line.
  4. When the Distance (Pips from MA) reaches the line, an alert is triggered and cleared.
  5. Alerts are 4 types

    1. Push
    2. Popup
    3. Sound
    4. Bold (Line turns bold - cleared when you toggle alert again)



Next update will include the deviation channel and price swing pip values. Or at least I will try lol. Not sure if this is useful to any of you but hey i'm too deep in this rabbit hole already. Lol.

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Attached File(s)
File Type: mq4 CliffJaded - Distance to MA 1.3.mq4   19 KB | 172 downloads
Leave the Gun, Take the Armani
  • #14,851
  • May 1, 2025 4:18am May 1, 2025 4:18am
Thanks for your work, I use MT5, but I'm working on your indicator on TradingView which is where I know how to program. The idea is very interesting and I'm trying it out
  • #14,852
  • May 1, 2025 4:31am May 1, 2025 4:31am
Quoting juceoma
Thanks for your work, I use MT5, but I'm working on your indicator on TradingView which is where I know how to program. The idea is very interesting and I'm trying it out
This is easily convertible to MT5 using ChatGPT but you'd still need a day to iron out the bugs lolx. At least that's how long it took me since I wasn't familiar with MQL5.
Leave the Gun, Take the Armani
  • #14,853
  • Edited 7:32am May 1, 2025 5:37am | Edited 7:32am
Quoting cliffjaded
{quote} This is easily convertible to MT5 using ChatGPT but you'd still need a day to iron out the bugs lolx. At least that's how long it took me since I wasn't familiar with MQL5.
are you using it like this?
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  • #14,854
  • May 1, 2025 6:19am May 1, 2025 6:19am
Quoting cliffjaded
{quote} This is easily convertible to MT5 using ChatGPT but you'd still need a day to iron out the bugs lolx. At least that's how long it took me since I wasn't familiar with MQL5.
i preffer to analize on tradingview and shoot on mt5
  • #14,855
  • May 1, 2025 10:05am May 1, 2025 10:05am
Quoting juceoma
{quote} are you using it like this? {image}
I haven't actually used it yet. I started making this indicator because I wanted to do some objective statistical studies on Mean Reversion and got carried away. Lolx.
I'm going to port this to MT5 anyways as I want to mess about with it into an EA. For fun.
Leave the Gun, Take the Armani
  • #14,856
  • May 1, 2025 3:18pm May 1, 2025 3:18pm
Quoting juceoma
I'm using the strategy from the first post on another funding account I have with Funding Pips. I only use the Squeeze Momentum as an aid, I trade with 0.2 lots a 10k account and if the trade reaches 100 USD against me I close it I don't care. I'm about to pass phase one after 3 days {image}
The problem with this concept is that it’s good you have a plan and that as long as the loss doesn’t reach $100 then it could be a profitable trade. But the problem here is that you close your trades once you get say $8-$10. So each time you lose you will only lose 1% of your $10k account. But each time you win it’s only making you $8-$10, which means each time you lose you have win about 10 trades just to recover your lose.
  • #14,857
  • May 1, 2025 6:32pm May 1, 2025 6:32pm
Quoting CM-PunkFX
{quote} The problem with this concept is that it’s good you have a plan and that as long as the loss doesn’t reach $100 then it could be a profitable trade. But the problem here is that you close your trades once you get say $8-$10. So each time you lose you will only lose 1% of your $10k account. But each time you win it’s only making you $8-$10, which means each time you lose you have win about 10 trades just to recover your lose.
I have been working the strategy like this, and I am having -100 USD approx every 5-6 days, so it is profitable but psychologically it is hard to me to lose 1-2 days of work. So that's why I'm looking for ways to control the loss more, to be able to operate with more lots.

I usually go back to the idea of accumulating positions against (which I like that system too much) but in favor of a larger trend

For example I am testing the retracement with Fibonacci in 5 mins, then on the 1 min chart at level 62.8 I place 1 order, at 78.6 another order and at 88.6 another order, maximum 3 positions, if the price retraces very well but if it continues to level 100, I close all trades.

I'm trying several things to see which one works best for me, but I'm already clear that I have a profitable system.
  • #14,858
  • May 2, 2025 3:53am May 2, 2025 3:53am
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  • #14,859
  • May 2, 2025 3:57am May 2, 2025 3:57am
M1 EURUSD - countertrend scalp!

enter on ema9 overextension and price action support...
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target return to ema20 and ema200!
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every minute matters!
  • #14,860
  • May 2, 2025 4:47am May 2, 2025 4:47am
Quoting cliffjaded
{quote} This is doable, manually and automatically. Manually would allow to pick the best peaks and troughs and come up with your own meaningful average. Automatically, while easier, will be more arbitrary. Will try to code something up for you!
thanks mate, it was just a thought, please don't go out of your way, i use mt5 and can use ai to auto generate it... it's looking good!
every minute matters!
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