Average to infinity and smoke a strong cigarette to curb my anxiety. What I would do is hedge either by going pro-trend or by putting one giant opposite order equal to the size of all the average orders. This locks the loss temporarily until you ...

M1 Countertrend Scalping Strategy

I said 5 mini lots which is 0.5 lots Right now, a safe size would be 0.01 (1 micro lot) per $1000 balance. You can stack orders comfortably. But the returns, while consistent, aren't exciting. I realise that's the nature of the of the ...

M1 Countertrend Scalping Strategy

Nice work @RieseP Curious to know what's your balance like (if you don't mind sharing) since you're trading 5 mini lots on the DE40. I am currently testing drawdowns to see how much risk i can tolerate before I increase the initial lot size.

M1 Countertrend Scalping Strategy

Hey @cpfleger. I'm down for it but we don't want to hijack @Abade's thread. It would be best if another thread was opened for that system since it deviates too far from the KOF-style mean reversion system that Abade is proposing.

M1 Countertrend Scalping Strategy

Not too shabby.

Hedging/averaging trades without prediction

Not too shabby. I wrote and hotkey'd separate CloseAllBuys and CloseAllSells scripts (because I hedge sometimes) so that I can be more efficient. Truth be told, I'm a bit exhausted already. Going to see if I can squeeze more.

M1 Countertrend Scalping Strategy

Flat. That was pretty tiring.

Hedging/averaging trades without prediction

Not exactly random. But it's still Hedging and Averaging both Pro-Trend and Counter-Trend.

Hedging/averaging trades without prediction

If you ever need to find a file in a long meandering thread on forexfactory, just use the paperclip function at the top. I didn't know this until only a few months ago lolx. I think the one in the screenshot that I've highlighted is the said RSI ...

M1 Countertrend Scalping Strategy

Yeah, the way KOF does he just fires off multiple trades at the same price level instead of add to the lot size. The way he blasts 1 lot averaging orders gives me serious anxiety lolx. I also know he uses the 9EMA crossing the averaging order to ...

M1 Countertrend Scalping Strategy

I'm just tentatively using 100 EMA because it's simple. More of a proof of concept. I'm more interested in stress-testing when that dreaded runaway trend occurs. I'm looking to include both shorter and longer term MAs to have more dynamic targeting. ...

M1 Countertrend Scalping Strategy

EURAUD and GBPJPY are more suitable for a 1% kind of strategy. But that is for another thread. This thread is all about mean reversion, baby. I would increase the position size after 8-10 trades additively - 0.01, 0.02, 0.03. I would just be going ...

M1 Countertrend Scalping Strategy

"This is what I'm talking about, traders!" Lolx. Awesome performance, @cpfleger. Very inspiring. I will take some time to study your system in depth! Great results too, @RieseP.

M1 Countertrend Scalping Strategy

This is the bane of cost averaging. Smaller mean reversions, especially on the M1, will tend not to break-even successfully due to spread, commissions and lack of distance. Your options are: Wait for price to pierce the mean and reverse trend ...

M1 Countertrend Scalping Strategy

Another basket exited. A little tired since I just came back from work. Going to take a shower first! I should add that I started averaging with 0.02 lots for the first basket when price reached the top. Decided to be a bit risky as the trend was ...

M1 Countertrend Scalping Strategy

Counter-Trend to Pro-Trend Averaging and closed out successfully. Another Mean Reversion play in progress. P.S. If anyone is wondering why there's a 0.12 lot buy stop above, it's because I left work and was unable to monitor the basket of trades. So ...

M1 Countertrend Scalping Strategy

Hey Abade, thanks for your insight. It wasn't my intention to attempt to mechanise the KOF strategy but rather get people to think of it as a system with moving parts rather than just focus on the averaging part. I'm not sure what's revealed in the ...

M1 Countertrend Scalping Strategy

My attempt with demo account. EURUSD M1 Heiken Ashi 100 EMA 0.01 lots / $1000 balance For now, just messing around. Everytime price moves in my favour, I can't help but hear KOF's voice in my head saying "This is what I'm talking about, traders!" ...

M1 Countertrend Scalping Strategy

Could you explain what you require a bit more in detail? Perhaps I can whip up something. Not an expert coder but I get by.

Hedging/averaging trades without prediction

Hi, decided to add to the discussion. Mean Reversion + Averaging is nothing new. There's basically 3 important factors: Entry - Distance from MA? Bollinger Bands or Envelopes? Change in direction of faster MA (e.g. 5 EMA) Averaging Sizing - 0.01 lot ...

M1 Countertrend Scalping Strategy