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M1 Countertrend Scalping Strategy

  • #17,621
  • Quote
  • Feb 27, 5:53am (32 hr ago) Feb 27, 5:53am (32 hr ago)
Quoting Ronin-
Not my best trading but worked out. Partly due to being restrict to mobile mt4. {image}
.Well done. When the price is moving vertically on M5 with several large candles and a support level is visible, you should scale into more positions to lower your average entry price as much as possible. You'll hit your daily goal in a single trade. Just a little friendly advice.
Dax only.
  • #17,622
  • Quote
  • Feb 27, 8:04am (30 hr ago) Feb 27, 8:04am (30 hr ago)
Quoting Ronin-
Not my best trading but worked out. Partly due to being restrict to mobile mt4. {image}
Try using volatility to your advantage, letting it tell you how fast to trade. To do this, try the ATR x2 (example: 6 pips, ATR x2 = 12 pips). Open your trades based on that. That way, if the market is trending, the window will be larger and you'll have fewer entries, less drawdown...
Hope this helps, friend!
  • #17,623
  • Quote
  • Feb 27, 8:16am (30 hr ago) Feb 27, 8:16am (30 hr ago)
According to my tests, this pair is very optimal for this system
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  • #17,624
  • Quote
  • Feb 27, 3:31pm (23 hr ago) Feb 27, 3:31pm (23 hr ago)
Quoting javipenjamo
According to my tests, this pair is very optimal for this system {image}

a few years ago i have done some trading with AN if you are interested:

http://www.ojas-gujarat-gov-in.com/thread/...8#post14239658
trading is like dancing, don't think and just listen to the music!
  • #17,625
  • Quote
  • Feb 27, 6:30pm (20 hr ago) Feb 27, 6:30pm (20 hr ago)
+397 points today.
+2588 points this week.

I love Dax.

PS: Indicator "Dax Performance (PTS) ": http://www.ojas-gujarat-gov-in.com/thread/...7#post15592087
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Dax only.
  • #17,626
  • Quote
  • Feb 28, 1:35am (13 hr ago) Feb 28, 1:35am (13 hr ago)
birdland,

As I said earlier, you are just another FOOL in the making.
Please go to another Forum and bad mouth their originator, have a great weekend.
  • #17,627
  • Quote
  • Feb 28, 3:40am (10 hr ago) Feb 28, 3:40am (10 hr ago)
Tyross and javipenjamo thank you for the helpful comments which will be put into action.

Today was a vertical candle day for sure and the red news did not move EURUSD.

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For the week broke even, which is fine.
  • #17,628
  • Quote
  • Last Post: Feb 28, 4:59am (9 hr ago) Feb 28, 4:59am (9 hr ago)
ok could not not enter these last few trades for the day. Have a great weekend everyone.

Tyross, the indicator in the subwindow is 100 sma slope (i to i+100) on different timeframes based on your method.

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