M1 Countertrend Scalping Strategy

M1 XAGUSD

I'll be back after the news... now it's time for trends... good luck.

niks, you might need to start thinking about techniques for closing partial orders or taking partial profits,
or leaving some of the lowest buy orders
or leaving some of the highest sell orders.

If you still remember my old advice... Countertrends are often followed by minitrends

This is a good strategy. When I first started trading binary options, I used it too.
You need to choose the perfect time for trading, monitor the opening and closing of trading sessions, and keep track of economic news releases.
It’s not recommended to trade with this strategy on Fridays because the market becomes very unstable.

You can make profits with it for some time, but as soon as important news comes out, losing trades start to appear.
In my opinion, it’s impossible to stay profitable with this strategy in the long run.
I’ve made many attempts, but unfortunately, my experience with it was negative.

I am also of this opinion.

That said, if the trader doesn't increase their position size and remains with a very small drawdown, and therefore with very small positions, the losing days with strong opposing market flow will not have too much impact. They will wipe out the (small) gains of several weeks, but the account will remain in good health.

The main problem is euphoria. The trader feels confident and increases their overall position size.... and inevitably, a bad day strikes...

xauusd

What Is 200-Day Moving Average?
The 200-day moving average (200 DMA or 200 MA) is an indicator that finds the average closing value of an asset, stock, or index over the last 200 trading days.
It takes a more expansive, less volatile view of the market to allow one to see long-term trends by filtering short-term, minor fluctuations. It helps an investor discern when long-term uptrends or downtrends are occurring.

Why 200 Days?
The figure 200 does not come randomly. It represents around one trading year (about 200 market days). This average is tracked by global investors and institutions as a key long-term performance benchmark.
200 DMA is optimal for long-term investing. This is because 200 DMA is a long-term average that focuses on "long-term price movement sustainability".

xauusd m1

javipenjamo,

Nice trades....

countertrend

I love it when plans work out.