DislikedCycles now going on GJ and AN In addition to last week's EA which is still going.Ignored
Only EA cycle active now.
But I will keep scanning for cycles tonight.
Don't look down when learning to fly.
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DislikedCycles now going on GJ and AN In addition to last week's EA which is still going.Ignored
Disliked{quote} GJ and AN yielded profits early and I took it. +28 pips. Both cycles now closed ahead of the news. Only EA cycle active now. But I will keep scanning for cycles tonight.Ignored
DislikedNews was kind of a mixed bag for AUD but I think a little more bad than good. Let's see how the market reacts. I have the next 500 pips into DD accounted for on EA. That cycle is still only putting barely noticeable strain on the account at all at this point. {image} On other news... I really should have stayed on those cycles today. Even before the news, they had many more pips to give.Ignored
DislikedThought I'd get in on the EURAUD action post news. Used the EA to open a small cycle and took a very safe target into consideration. Around 130 pip trade. One question that is semi related to this thread: What's the quickest way to assign the same TP to all trades? I prefer to exit manually but entering the same TP across 10-15 trades+ can be time consuming. {image}Ignored
DislikedThanks, MM, nearly 8 years of using MT4 and still finding new things. JPY cycle here. Quantum set to 250. Again a very conservative exit. My approach is focus on strong currencies (last 4 hours JPY and AUD being the standouts) and trade the (hopeful) retracement to a relative mean point. {image}Ignored
DislikedI've relied on mean reversion trading since I learned the approach in 2012 with a prop firm here in Australia. I've taken that and adapted it to suit my style of trading with FX.Ignored
DislikedI've relied on mean reversion trading since I learned the approach in 2012 with a prop firm here in Australia. I've taken that and adapted it to suit my style of trading with FX.Ignored
Disliked{quote} Mastermind/FlipflopGC How does mean-reversion knowledge help quantum trading? I have been trading directionless fx futures options trading of eurusd because of the range-trading tendency of the pair. What is the difference between range and mean reversion approach? I have set up trade explorer for QAM strategy trading. http://www.forexfactory.com/simnz#acct.47Ignored
Disliked{quote} In a nutshell, in a very basic format, price will always return to the mean (given enough time). The trick is mastering the potential drawdown and knowing when to cut losses/winners. I started off with a product called the 10:10 spread which was the 10year AUS bond vs 10 year US Tnote. You could create a synthetic product and chart it and we were to trade it back to the mean when it broke out. Quantum trading is taking trades once price makes fresh high/lows over a predetermined period of time and I have spent the last 9 months learning...Ignored
Disliked{quote} FlipFlopGc, Thank you for sharing your strategy. In such intense 1m Quantum trading, how do you measure potential drawdown and if the adverse positions are triggered how do you manage them? Do you instruct EA to only do sell or buy positions as part of fading out breakouts? Can you please share your setfile settings for the EA? Are all the currency pairs good for your style of trading? Which ones during your 9 months testing have posed severe drawdown challenges? Nine months is a good learning time and if you can share the lessons learned...Ignored
DislikedFllipFlopGC, Thank you for sharing your experience. Do you use stop loss ? Or you wait out for retracement to help you out? I don't use stop loss and wait for retracement to help me out.Ignored
Disliked{quote} Mastermind/FlipflopGC How does mean-reversion knowledge help quantum trading? I have been trading directionless fx futures options trading of eurusd because of the range-trading tendency of the pair. What is the difference between range and mean reversion approach? I have set up trade explorer for QAM strategy trading. http://www.forexfactory.com/simnz#acct.47Ignored