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M1 Countertrend Scalping Strategy

  • #14,881
  • May 5, 2025 7:12am May 5, 2025 7:12am
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
M1 XAUUSD
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every minute matters!
  • #14,883
  • May 6, 2025 12:28am May 6, 2025 12:28am
M1 EURUSD - kof 1% trade!
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every minute matters!
  • #14,884
  • May 6, 2025 1:26am May 6, 2025 1:26am
M1 EURUSD - ema200 bounce!
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every minute matters!
  • #14,885
  • May 6, 2025 2:15am May 6, 2025 2:15am
EU M1
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  • #14,886
  • May 6, 2025 5:28am May 6, 2025 5:28am
Quoting javipenjamo
EU M1 {image}
nice countertrend scalps, well done!
every minute matters!
  • #14,887
  • May 6, 2025 1:32pm May 6, 2025 1:32pm
Wow, this was a lot more annoying to port to MT5 than I thought. MT5 is really very finicky.

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)

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
Attached File(s)
File Type: mq4 CliffJaded - Distance to MA 1.3.mq4   19 KB | 255 downloads
File Type: mq5 CliffJaded - Distance to MA 1.3.mq5   41 KB | 216 downloads
Leave the Gun, Take the Armani
  • #14,888
  • May 6, 2025 10:47pm May 6, 2025 10:47pm
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
Quoting sonicvista12
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}
Its the same with TradingView, sucks having to draw them in.
  • #14,890
  • May 7, 2025 3:45am May 7, 2025 3:45am
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
Quoting PR31D
{quote} Its the same with TradingView, sucks having to draw them in.

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
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
Quoting juceoma
{quote} seriously? TradingView has all kinds of tools for drawing, you can set favorites bar, copy and paste fast
Attached Image (click to enlarge)
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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
Quoting cliffjaded
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}
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
Quoting walkspin
{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}
You're welcome for the indicator.

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

  1. If High > MA, Green Histogram will show High Price
  2. If Low < MA, Red Histogram will show Low Price
  3. Hence, you will see green and red bars on the same candle if the candle has a high > MA and low < MA, which happens
  4. 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
Quoting cliffjaded
{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...
Thanks for clarification
  • #14,897
  • May 10, 2025 4:36pm May 10, 2025 4:36pm
Quoting niks
M1 XAUUSD {image} {image} {image}
nick how u set Stop loss?
  • #14,898
  • May 10, 2025 8:04pm May 10, 2025 8:04pm
M1 BTCUSD
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Quoting Renzdtama
{quote} nick how u set Stop loss?
i don't set stop loss renzdtama, i stop myself out
every minute matters!
  • #14,899
  • May 10, 2025 9:06pm May 10, 2025 9:06pm
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  • #14,900
  • May 11, 2025 3:31am May 11, 2025 3:31am
M1 BTCUSD
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every minute matters!
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