Attachments: M1 Countertrend Scalping Strategy

M1 Countertrend Scalping Strategy

#14,881
May 5, 2025 7:12am May 5, 2025 7:12am

niks
Joined Dec 2022 | Status: Trader | 3,246 Posts

M1 XAUUSD - first two trend continuation trades failed, so waited for a countertrend opportunity bounce off ema200 then the trend continued before pulling back again!

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every minute matters!

#14,882
May 5, 2025 6:17pm May 5, 2025 6:17pm

niks
Joined Dec 2022 | Status: Trader | 3,246 Posts

M1 XAUUSD

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every minute matters!

#14,883
May 6, 2025 12:28am May 6, 2025 12:28am

niks
Joined Dec 2022 | Status: Trader | 3,246 Posts

M1 EURUSD - kof 1% trade!

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every minute matters!

#14,884
May 6, 2025 1:26am May 6, 2025 1:26am

niks
Joined Dec 2022 | Status: Trader | 3,246 Posts

M1 EURUSD - ema200 bounce!

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every minute matters!

#14,885
May 6, 2025 2:15am May 6, 2025 2:15am

javipenjamo
Joined Sep 2019 | Status: Trader | 539 Posts

EU M1

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#14,886
May 6, 2025 5:28am May 6, 2025 5:28am

niks
Joined Dec 2022 | Status: Trader | 3,246 Posts

Quoting javipenjamo

Disliked

EU M1 {image}

Ignored

nice countertrend scalps, well done!

every minute matters!

#14,887
May 6, 2025 1:32pm May 6, 2025 1:32pm

cliffjaded
Joined Mar 2018 | Status: Trader | 224 Posts

Wow, this was a lot more annoying to port to MT5 than I thought. MT5 is really very finicky.

Distance from MA v1.3

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

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Attached File(s)

CliffJaded - Distance to MA 1.3.mq4 19 KB | 255 downloads

CliffJaded - Distance to MA 1.3.mq5 41 KB | 215 downloads

Leave the Gun, Take the Armani

#14,888
May 6, 2025 10:47pm May 6, 2025 10:47pm

sonicvista12
Joined Aug 2010 | Status: Trader | 426 Posts

I've changed brokers to enable better spreads, but unfortunately they use MT4, not MT5, so I've manually drawn in my trades for journalling purposes. Here is AUDUSD countertrend scalps taken just now.

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We don't see things as they are - we see things as we are.

#14,889
May 6, 2025 11:34pm May 6, 2025 11:34pm

PR31D
| Joined Jan 2024 | Status: Trader | 228 Posts

Quoting sonicvista12

Disliked

I've changed brokers to enable better spreads, but unfortunately they use MT4, not MT5, so I've manually drawn in my trades for journalling purposes. Here is AUDUSD countertrend scalps taken just now. {image}

Ignored

Its the same with TradingView, sucks having to draw them in.

#14,890
May 7, 2025 3:45am May 7, 2025 3:45am

gringo2019
| Commercial User | Joined Feb 2019 | 3,404 Posts

MT4 can draw the trade line with entry and exits... and there is a MT4 manual available to read and learn.

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#14,891
May 7, 2025 4:06am May 7, 2025 4:06am

juceoma
| Joined Jan 2025 | Status: Trader | 70 Posts

Quoting PR31D

Disliked

{quote} Its the same with TradingView, sucks having to draw them in.

Ignored

seriously? TradingView has all kinds of tools for drawing, you can set favorites bar, copy and paste fast

#14,892
May 7, 2025 4:54am May 7, 2025 4:54am

sonicvista12
Joined Aug 2010 | Status: Trader | 426 Posts

Many thanks to Gingo2019/cpfleger for this information. updated chart here

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We don't see things as they are - we see things as we are.

#14,893
May 7, 2025 11:05pm May 7, 2025 11:05pm

PR31D
| Joined Jan 2024 | Status: Trader | 228 Posts

Quoting juceoma

Disliked

{quote} seriously? TradingView has all kinds of tools for drawing, you can set favorites bar, copy and paste fast

Ignored

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There are my trades from yesterday. You cant tell which two arrows are a pair, you also cant see the entry/exit unless you hover over the arrow. So yeah, seriously.

#14,894
Edited 3:55am May 8, 2025 2:49am | Edited 3:55am

walkspin
| Joined Feb 2025 | Status: Trader | 9 Posts

Quoting cliffjaded

Disliked

Wow, this was a lot more annoying to port to MT5 than I thought. MT5 is really very finicky. Distance from MA v1.3 Press "1" to create Horizontal Line in the sub-window. Press "o" to toggle Object Descriptions. Press "i" to toggle alert for selected Horizontal Line. When the Distance (Pips from MA) reaches the line, an alert is triggered and cleared. Alerts are 4 types Push Popup Sound Bold (Line turns bold - cleared when you toggle alert again) {file} {file} {image}

Ignored

Is that on purpose or its a bug? So mt4 version got logic that if candle close closer to MA then indicator shows it. mt5 version as u can see (red/green candles) shows that even candle closed bullish and got closer to MA, indicator shows that price not close to MA even further from ma. Thanks for indicator once again.

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#14,895
May 8, 2025 9:57am May 8, 2025 9:57am

cliffjaded
Joined Mar 2018 | Status: Trader | 224 Posts

Quoting walkspin

Disliked

{quote} Is that on purpose or its a bug? So mt4 version got logic that if candle close closer to MA then indicator shows it. mt5 version as u can see (red/green candles) shows that even candle closed bullish and got closer to MA, indicator shows that price not close to MA even further from ma. Thanks for indicator once again. {image} {image}

Ignored

You're welcome for the indicator.

The Indicator does not measure close price. Instead, it measures the high and low of a candle.

If High > MA, Green Histogram will show High Price
If Low < MA, Red Histogram will show Low Price
Hence, you will see green and red bars on the same candle if the candle has a high > MA and low < MA, which happens
Current Distance = current price distance (current close) from MA

I don't seem to find any difference between the MT4 and MT5 versions unless you can be more specific. MQL5 is a lot stricter than MQL4 so sometimes the code logic doesn't translate well. It took me a ridiculous amount of time to fix one particular logic.

Leave the Gun, Take the Armani

#14,896
May 8, 2025 10:15am May 8, 2025 10:15am

walkspin
| Joined Feb 2025 | Status: Trader | 9 Posts

Quoting cliffjaded

Disliked

{quote} You're welcome for the indicator. The Indicator does not measure close price. Instead, it measures the high and low of a candle. If High > MA, Green Histogram will show High Price If Low < MA, Red Histogram will show Low Price Hence, you will see green and red bars on the same candle if the candle has a high > MA and low < MA, which happens Current Distance = current price distance (current close) from MA I don't seem to find any difference between the MT4 and MT5 versions unless you can be more specific. MQL5 is a lot stricter than MQL4...

Ignored

Thanks for clarification