Contrarian Scalping is an trading strategy designed to take advanted of a counter-trend. The advantage of these strrategies types is that they have a good profitability but with do not great gain (in relation at the time frame).
Rules for entry For short: close of the price is above upper band from bb and envelope, adx is below 30 and stochastic is above 50 For long: close of the price is below lower band from bb and envelope, adx is below 30 and stochastic is below 50
Rules for exit For short: either close of the candle is below lower band of bb or enveloper or stochastic is below 50 For long: either close o the candle is above upper band of bb or envelope or stochastic is above 50
@richardmalone877, it means that some of those free strategies that you see works only in theory, but they are not going to work for the future. And it should be this way since most of them are concepts and ideas put together that are meant for testing, not to just simply plug and start using them in a real environment with real momey. For that second part, I can assure you that I also have strategies which are not overfitted and worked for the last couple years and overcome succesfully the covid stage and 2022 bearish environments. I am not speaking about my premium indicators, but for the free ones, but for that you would have to look through and investigate