if your risk management plan does not allow for drawdown, then you must exit EACH AND EVERY TIME you think you got it wrong, even if you didn't get it wrong - it doesn't matter, re-assess and get it right the next time! and if you did get it wrong ...

M1 Countertrend Scalping Strategy

np chucun, send pm if your still stuck

M1 Countertrend Scalping Strategy

i continue to praise your trading philosophy and am equally impressed with your pip hauls darwati, but i still have nfi how you do it! looks like you are buying at the peak?

M1 Countertrend Scalping Strategy

sorry chucun, i do not have mt4 editor so cannot compile, if this doesn't work i will fix the code you already posted, try this yourself first // initialise buffers that will be used to display the data stored in the handles double upperBuffer[]; ...

M1 Countertrend Scalping Strategy

hey chucun, i think this must be double[] double upper = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) + (iATR(NULL, 0, 50, 0)/2); double lower = iMA(NULL, 0, 50, 0, MODE_EMA, PRICE_CLOSE, 0) - (iATR(NULL, 0, 50, 0)/2); yes, for e.g double upper[]; ...

M1 Countertrend Scalping Strategy

ever reliable ema200 bounce, not quite as planned but it'll do image followed up with the expected ema200 breakout pullback, then attempted a trend trade short image which failed and stopped out, so then decided to take a trend trade long after ...

M1 Countertrend Scalping Strategy

i've only just started attempting trend trades live after considering darwati's philosophy, and the quietest time of the trading day is ideal for learning, so here's my simple still evolving approach to following a trend which involves leveraging ...

M1 Countertrend Scalping Strategy

i agree, keep up the excellent work darwati and please continue sharing your knowledge when you can i think this latest video is another example of the 1% strategy in action, just for additional context Abade... video

M1 Countertrend Scalping Strategy

short term drawdown management an incorrect read of PA led to an unexpected reversal against my position used cost averaging up to the first stall then monitored PA closely, missed the peak because the gap wasn't large enough image after bouncing ...

M1 Countertrend Scalping Strategy

the beauty of discretionary trading is trading at your discretion! there was something about that unfilled gap from both a swing high AND swing low that was calling out for attention image at this stage i thought wtf is going on with that gap, it ...

M1 Countertrend Scalping Strategy

A question often asked in this forum and just as often overlooked is how to manage a drawdown or runaway trend Aside from the extremely detailed advice already provided by Abade on how to stay safe using KoF's strategy, consider the following as a ...

M1 Countertrend Scalping Strategy

running the sim is always enlightening - due to the difference in the way TP's and SL's are set, it was difficult keeping up with the target on this one, each time it was moved, it would just miss it, to the point where i had to bail with a small ...

M1 Countertrend Scalping Strategy

that is an EXCELLENT rationale renatovpig - if you have access to a simulator, you could fast forward the process significantly to discover for yourself the optimal margin lot and leverage for the pairs you are trading to recover runaway trades and ...

M1 Countertrend Scalping Strategy

There is NO Holy Grail Secret to Trading Success! Stop looking for one. And get back to work .

M1 Countertrend Scalping Strategy

thanks darwati, yes, i combined three methods on this one, PA first, CT second, and then with your wisdom in mind, let it ride for a mini trend to establish the target still, i would of preferred if the subsequent moves didn't happen so quickly ...

M1 Countertrend Scalping Strategy

the trap is set image the trap goes off, prey gets caught but escapes (because its friday and i want out early so i have set aggressive target, plus price action of course!) image trap is re set again, trap goes off again, prey is caught again, ...

M1 Countertrend Scalping Strategy

that's fine, GU normally recovers quite well as it did in this case and if it was played right it may have offered a VERY rewarding opportunity in the end - managing lot sizing and order placement using this system gets better with time image

M1 Countertrend Scalping Strategy

start leaving larger gaps between your orders and maintain a manageable break even point - you will now have to aim for ema200, you are stuck in a tough trend, this where your risk management is tested - there's a few examples within this thread ...

M1 Countertrend Scalping Strategy

yes, low spread and also with a decent amount of volatility - you don't want to wait forever for price to return - GU, EU, AU, UJ are great starting pairs

M1 Countertrend Scalping Strategy

of course, you only just started, it will not take you long at all to get a feel for it then you will really amaze yourself and us i'd imagine! it will definitely test your risk management plan, that's for sure!

M1 Countertrend Scalping Strategy