that's brilliant vvm! "every trade is wrong until proven right" is another way of looking at it...

PA Trading with EMAs and common Sense

and you say you are not technical?! looks like technical analysis to me vvm! they look like good setups, i'll look at them in more detail...

PA Trading with EMAs and common Sense

cost averaging is used with the aim of always breaking even or better, cutting losses quick is not the approach, instead, giving the trade every possible chance to produce a profit is where the risk and money management skills lie - every trade is ...

PA Trading with EMAs and common Sense

yes, overextended plus wick! and yes, extremely risky, that's why i added the WARNING! the risk is only mitigated by cost averaging, when you do these enough times it gets a lot easier to manage, no other factor plays into these trades other than ...

PA Trading with EMAs and common Sense

always a pleasure vvm, you do have plenty of ideas for technical things, that's what price action is all about! i've had mixed results trading the one bar range, it is a tricky one, and ye, the probabilities aren't the highest for a fixed setup like ...

PA Trading with EMAs and common Sense

hey vvm, this one is 50\50 when i look at it technically, and also when i think about it fundamentally due to being a daily timeframe technically, the downtrend started by the even bigger inside bar circled on the left and made a strong move down, ...

PA Trading with EMAs and common Sense

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