M1 Countertrend Scalping Strategy

Quoting cliffjaded

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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...

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Quoting cliffjaded

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Привет, друзья! Надеюсь, торговля контр-трендом M1 служит вам хорошо. Я только что написал индикатор...

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Quoting gringo2019

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patron150, Попробуйте последнюю версию от создателя. {file} {image}

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Quoting patron150

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{quote} there is one problem. the indicator does not update. you throw it on the chart and it just stands in place.

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Quoting cliffjaded

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{quote} Эй, спасибо за наводку. Это был просто быстрый код. Я планирую добавить больше наворотов и обновить...

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Quoting niks

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{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!

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Quoting juceoma

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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

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Quoting cliffjaded

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{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.

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Quoting cliffjaded

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{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.

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Quoting juceoma

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{quote} are you using it like this? {image}

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Quoting juceoma

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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}

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Quoting CM-PunkFX

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{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.

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Quoting cliffjaded

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{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!

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