M1 Countertrend Scalping Strategy

Quoting birdland

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{quote} Thank you for your helpful reply. I also think that a percentage limit on account losses is a good solution. Ideally, this should be combined with automatic closing of all open positions using an EA. Prop firms also handle it this way when a daily loss of x percent has been incurred.

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Quoting birdland

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{quote} Thank you for your helpful reply. I also think that a percentage limit on account losses is a good solution. Ideally, this should be combined with automatic closing of all open positions using an EA. Prop firms also handle it this way when a daily loss of x percent has been incurred.

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Quoting Tyross

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{quote} The general idea is to lower the net price of a total short position as much as possible, or raise it for a long trade, until the price reverses. If the net price is close to the market price, the overall position quickly becomes profitable. Even if one executes a bulk order, closing all positions at once, the older ones will be at a loss, but the trade will be winning overall. You just need to be able to follow the price and stay far away from margin calls. In short, you need a respectably sized account and very small position sizes. A...

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Quoting Tyross

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{quote} The general idea is to raise the net price of a total short position as much as possible, or lower it for a long trade, until the price reverses. If the net price is close to the market price, the overall position quickly becomes profitable. Even if one executes a bulk order, closing all positions at once, the older ones will be at a loss, but the trade will be winning overall.

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Quoting javipenjamo

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I entered a sell position after a bounce off resistance and closed at the 200 EMA as it was close to a support level. {image}

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Quoting Tyross

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{quote} The general idea is to raise the net price of a total short position as much as possible, or lower it for a long trade, until the price reverses. If the net price is close to the market price, the overall position quickly becomes profitable. Even if one executes a bulk order, closing all positions at once, the older ones will be at a loss, but the trade will be winning overall. You just need to be able to follow the price and stay far away from margin calls. In short, you need a respectably sized account and very small position sizes. A...

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Quoting birdland

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{quote} Yes, thank you. I have already noticed that DCA is a fixed concept for some good traders here. I believe it is a further development in my trading, so I will take a closer look at it over the next few months.

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Quoting Tyross

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{quote} I use it regularly. It's nice. Regarding the indices, I find it easier: a country never lets its main stock market index fall for very long...

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Quoting Darwati

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Situational countertrend using convergence method higher price, lower oscillator {image}

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Quoting birdland

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{quote} it sound great! so because of interventions trading indices you prefer rather long than short with cost averaging i guess?

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Quoting kapulet

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{quote} Question. Which indicator are you using? Is it available?

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Quoting Tyross

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{quote} Look, my friend... My set up for reverse : Raff Channels on very High TF for timing+ Big Deep on Emas Fibo + Support on Multi-Donchian----> Back to daily Open Cash. (Real account, i don't have demo account since many years). I love Dax. {image}

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Quoting Tyross

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{quote} edit: {image}

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Quoting Tyross

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Emas Fibonacci : 8-13-34-55-89-144-233-377-610. Look at the verticality of the drop; it's obvious the price will go back up. We just need to time it with the Raff and Donchian channels. {image}

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Quoting kapulet

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{quote} Question. Which indicator are you using? Is it available?

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