sure, it might be for you, but this thread is primarily about the development of a COUNTER trend strategy

M1 Countertrend Scalping Strategy

no, that is not intentional, just a by product of dealing with multi timeframes, and should now be fixed in the attached version - i added an extra input so you can set the X line to white in order to see it on a black chart as well this version ...

RSI 50 X Scalping System

yes, i was planning to do that, currently its shifted by -2, but not until the weekend i just tested higher TF's 1H and 4H RSI's on the 1M chart and they worked fine, a lot less obviously, but they were all correct, the only advice i can give is ...

RSI 50 X Scalping System

not sure, could be memory issue after changing timeframes, try removing and adding the indicator back in, if the line reappears, have a look at the journal for the lines timestamp and take note of the numbers in the two lines following it and send ...

RSI 50 X Scalping System

looks like it will be for this one, good old support now acting as resistance, nicely executed... but i will suggest you target just above 140 big round number to be safe, or start scale out from there, good luck!

PA Trading with EMAs and common Sense

shame you missed that double top, it was a nice one... i also thought the same when i came across this method, it looked to good to be true until i started doing it myself! WARNING - it is EXTREMELY risky if you start to cost average - large ...

PA Trading with EMAs and common Sense

EURUSD 1M countertrend back to ema9, targeting ema50, manually closed just before target, no initial stop loss, was going to cost average, stop moved to BE then let it run... image

PA Trading with EMAs and common Sense

here is final version with red and green lines, multiple lines issue should be resolved, and they will be deleted when the indicator is removed... THERE WILL BE NO MT4 VERSION - JUST MT5 image (updated version below)

RSI 50 X Scalping System

thats ok, i knocked it up out of my own interest as well i'll make updates to display red and green line - the multiple lines issue appears to be a bug in MT5 memory management model - the code logic is correct - i'll see what i can do to fix it ...

RSI 50 X Scalping System

i was going to use that to highlight the signal but it was hard to see so i'll remove it, the vertical line is easier to see but they are only showing for one direction at the moment, i will fix it so it shows both and re upload a bit later

RSI 50 X Scalping System

no, sorry, i do not use mt4

RSI 50 X Scalping System

you can try this for now, it will draw a vertical line, you can look it up in the object list deleted - see latest version

RSI 50 X Scalping System

please, look more carefully. the line is for illustration only, not to provide you with a signal service, try it for yourself if you have mt5, it will solve your "repaint" issue whatever that is

RSI 50 X Scalping System

some more signals? image

RSI 50 X Scalping System

if these signals are confirmed, then you can use the attached indicator (see latest version) for mt5 if you wish image image

RSI 50 X Scalping System

ye, i still get that buzz every now and then, though each journey is getting further apart and shorter lived they can be lucrative for short periods of time, which is where the allure comes from, but you never know when they have failed until its ...

PA Trading with EMAs and common Sense

definitely, risk management is priority number 1, especially when scalping volatile markets i can't complain too much , my pin bar trade prior to this was the same, much was left on the table, but profit is profit and i've learnt to accept leaving ...

PA Trading with EMAs and common Sense

another failed breakout and your on the right end of it, awesome... rather than being the indices, perhaps its just your read of PA that's having a good run!

PA Trading with EMAs and common Sense

AUDUSD 1M trend pullback long, looking for support off ema50 no initial stop loss, was going to cost average, but the break of ema50 was strong, so held off, but then it quickly rebounded and set stop to BE image then it smashed through target not ...

PA Trading with EMAs and common Sense

simplicity makes decision making a lot easier - as you say, we don't have much raw information to work with, but the little we have plus our intuition will ALWAYS be better than relying on any indicator or fixed rules, having worked on EA's for a ...

PA Trading with EMAs and common Sense