M1 Countertrend Scalping Strategy

Quoting Darwati

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{quote} It's just the indicator6 line , as a comparison to the EMA50 line (or EMA9vsEMA20) with different models. If the color is magenta and below the yellow dot line, it indicates a strong sell. If it's above the yellow line, it indicates a sell correction All indicators are the same, they simply follow the price and the logic behind it. Just a different perspective

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Quoting Darwati

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99% of traders worldwide are fooled by chart displays. Why? The standard MT4/5 setting is auto-scale. The chart will always change the height value per mm of the candle on your screen Even if a fixed scale is used, some traders don't use the same fixed scale value year-round. Using the same fixed scale value year-round requires tenacity, skill, and patience. Why? Because the same fixed scale value can result in only a few candles appearing if the price moves very steeply. Or the price appears very flat when it's moving sideways. Essentially, using...

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Quoting sonicvista12

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{quote} no i meant from maybe an earlier pic where there were a whole lot of lines squished together that turned from lime green to red depending on their direction

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Quoting birdland

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{quote} ah i see the indicator is on mt5, i only use mt4...anyway thanx

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Quoting Darwati

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{quote} It's just the indicator6 line , as a comparison to the EMA50 line (or EMA9vsEMA20) with different models. If the color is magenta and below the yellow dot line, it indicates a strong sell. If it's above the yellow line, it indicates a sell correction All indicators are the same, they simply follow the price and the logic behind it. Just a different perspective

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Quoting Darwati

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{quote} Migrating to MT5 is easier, especially if you have a HFT concept like mine, there are bulk operations, and with the help of AI my EA can close all , klik buy/sell using a hotkey (no mouse used) Come on, don't be out of date):

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Quoting Darwati

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EMA Concept Comparison 1.EMA 50 Concept From the image, you can see at a glance that if the price is below the 50 EMA, there is a sell 2.EMA 9 vs. 20 EMA Concept From the image, you can see at a glance that if the 9 EMA is below the 20 EMA, there is a sell 3.Indicator 6 Concept From the image, you can see at a glance that if Indicator 6 is magenta, there is a sell Compare the three concepts above when the sell at a glance and I buy (it takes longer) {image} {image} {file} {image}

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Quoting sonicvista12

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{quote} ... and so conversely when the magenta line turns to aqua and is above the yellow line, traders would be looking to buy. And if the aqua line drops below the yellow line, that's signalling a correction and time to sell. Is that right?

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Quoting gringo2019

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{image}

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Quoting birdland

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{quote} Nice profits, really. But what I don't understand is your money management. One day you're trading 0.01 microlots, and the next you're trading a whole lot. Here’s how I handle it: I started with 0.01 microlots, and now, after a month, I can already use 0.05 microlots. But the progression is gradual because the capital grows along with it. With you, it often changes from day to day.

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