Nice one guys! I've been studying cpfleger's method and I think it's awesome. It's simple and effective. I would say that SupDem the indicator is really great. I will start to apply cpfleger's method and check back in! This thread has really evolved ...

M1 Countertrend Scalping Strategy

Hey RickM! I've followed you and RyuRyu around and even tried the Delta stuff but I couldn't really grasp it. The RSI fade technique is Zoltan/Profitfarmer's, am i right?

M1 Countertrend Scalping Strategy

'Just like I predicted, traders!' ~ King of Forex

M1 Countertrend Scalping Strategy

Closed sell basket. M5 Mean Reversion to 100EMA. Done for the day. image

M1 Countertrend Scalping Strategy

Here you go, guy!

M1 Countertrend Scalping Strategy

Switched to M5 mean reversion.

M1 Countertrend Scalping Strategy

image

M1 Countertrend Scalping Strategy

Not so random hedging + averaging. image

Hedging/averaging trades without prediction

Kept the trade running overnight (i was at night shift at work). Switched to M15 timeframe to larger TF mean reversion to recover the losing basket. Just as I closed in profit, the price pushed much higher as I suspected it would (just as i ...

M1 Countertrend Scalping Strategy

Final push. image

M1 Countertrend Scalping Strategy

Yeah i forgot to mention those earlier trades were taken on the M5 chart (i didn't check the timeframe) then i switched to M1 chart so the entries don't make sense for the first 2 trades.

M1 Countertrend Scalping Strategy

In a shitty situation now. image image But i just need to the floating loss to drop below $12.41 profits which i have already banked to flatten out my day. image

M1 Countertrend Scalping Strategy

Been a while guys. image

M1 Countertrend Scalping Strategy

This is super interesting. I'm looking at the Myfxbook Sentiment tool now and colour me surprised. Do share with us more insights on how you use this tool.

Hedging/averaging trades without prediction

A more straight-forward and typical scenario is opening a pro-trend trade when you close your counter-trend trade @ the ema touch. Then you close out your pro-trend trade when you open the next counter-trend trade. Trading the turning points both ...

M1 Countertrend Scalping Strategy

Starting with 0.1 lots for theoretical $10 000 balance. Using 100ema for trend and 8ema for momentum. 1. Counter-Trend to Downsloping (Pink) 100ema Using 8ema as a rough guide for momentum shifts back to 100ema. I use a rough step 100 points before ...

M1 Countertrend Scalping Strategy

MT5 is a dream for backtesting. Especially if you use EAs. Multi-threaded, multi-currency testing with real tick, real spread and slippage simulation. Even trading on it feels significantly smoother. I still use MT4 because some stuff I use are only ...

M1 Countertrend Scalping Strategy

I don't have enough history on my MT4 broker (Pepperstone). I think because it changed symbol from GER30 to GER40. Let me download 1 year worth of tick data from TickStory and see how I would trade that particular trend. Probably out of my ass lolx.

M1 Countertrend Scalping Strategy

You used the CloseBy function. What this does is you close 2 opposite tickets - your sell effectively became a TP/SL. I actually wrote scripts for this which i contributed over here. Check if you used Close or CloseBy.

Hedging/averaging trades without prediction

Will test it later. Thanks @cpfleger!

M1 Countertrend Scalping Strategy