Quad Candle System

Masterrmind I respect your views on indicators but I do admit to finding some use in them, I would like to post a little more but feel that I will be cheating the thread if I do not own up to needing some in the battle for green pips

Although the Trend maybe Up or Down just trying to see how far it goes before it needs to do a re-test of Center Line, showing a 128 & 256

Sorry to hear that about your Mum.

Probably now is not the right time to be trading ... but I'll certainly leave that for you to decide.

I'm busily coding a 'Basic' version of the MTTTM strategy (MT5 EA) ... its going to be good and not sooo 'basic' afterall!

ps. The curvy line indicator is reasonable (may offer some form of confluence almost like a curved trendline) but the others in the sub-window, well then, you know already what I think about them.

Take care,

Masterrmind............

You might find these amusing ?
https://www.investopedia.com/articles/forex/08/cci.asp
to be honest I think they both have merit

Not playing today, other things to do. 2 live examples of the (Curvy Line) set to 64 128 256 you can then overlay any Octave/Grid

EU trade progress, caught this screenshots before and after the chartshift, unable to trade at present due to personal circunstances

Perhaps ok for newbies to learn a little about how pivots are calculated but there are multiple sources and plenty without the hidden agenda that this guy attempts to put forward (the guy on the video you posted) which is to ultimately rein in the gullible types.

For a video that went that long in time more could have been mentioned about the alternative pivots such as Woodies, Camarilla, Demark among many more and certainly more about different pivot trading approaches and the pitfalls.

Once this guy mentioned that he is only after 85-90% of the move between 2 pivot levels I tuned out rather quickly because he's dreaming!

Pros are thrilled with taking 50% to 70% of a move on average over the longer term horizon with their fair share of losers included.

In any case pivots are not applied per se in this thread rather it is the MML structure.

Perhaps a discussion about these MML calculations and how exactly each MML level is derived especially the 0/8 MML and 8/8 MML levels would be far more relevant in this space and far more interesting.

Masterrmind...........

Agreed with your comment about Pivots but I was more interested with your thoughts on how the CCI was used

Masterrmind, on a few of occasions you have mentioned trying to improve the hit rate of the method, all I am doing is throwing a few basic ideas into the pot, yes I know a little about Woodies, Camarilla and Demark pivots and could have posted either of them, but I feel that most guys have an understanding of Floor Pivots indeed it was what bought me into the trading game via Forexmentor, then I moved onto Muurey to see if indeed they were even more accurate with levels, or indeed when they had agreement at certain levels, now the same can be said of CCI again many ways to read them, the article I posted was in my opinion a different approach than normal again instead of just copying it I have made my own approach instead of the 100 level I have mine set at 50. The so called Curvy Lines are the latest thing that as drawn my attention, I have an open mind at the moment on them but if I do not look I will never know.
Much as I hold you in total respect, I cannot just copy your style like ABC, from the early days I told you that I was no fan of the actual QUAD pattern itself but I still
and always will see strong merit in the use of Murrey but not being restricted to just 64 again if I just post MM64 we could not compare anything.
I have respect to a number of guys on here that take the time and trouble to show their thoughts and ideas but alas I just have to build my own trading setup that I have total belief in right or wrong ( yes its more than likely a mismatch of a number of thread ideas)

At the end of the day a trader must find a trading approach that ticks most of the boxes for what is likely to suit them personally.

Tweak it a bit over time...keep what works and ditch what doesn't.

More than one trading strategy is also possible depending on the makeup of the trader and what his or her goals entail.

The Quad Candle approach as you know uses MML but on D1 so trades are longer term and more inclined to provide plenty of breathing space.

In any case my MT5 live account will be testament to the longer term viability of this method all publicly visible for all who care to access the trading results.

No losing months on record but it is still early days.

Ps. Transparent traders are almost non-existant here.

Good trading,

Masterrmind........

As always thanks for the reply, I think the 30-1 rule may create more havoc than must guys on here realise if they do come in.
You seem obsessed with Trading transparency, well use any form of social media post were you live say your on holiday were you have left the keys to your car, what the password to your account is, throw in the number of your safe, then sit back and wait for the result.
Good trading

Trading transparency shows the trader puts it all on public display and has confidence in his/her trading abilities.

It is a very valuable learning process that very few take part in.

Far too many hide behind smoke and mirrors.

Trading in a transparent manner is very liberating.

Masterrmind........

I am not interested in "Trading Transparency" from the "normal average guy" who has nothing to sell.

Mastermind have you something to sell ?

I am interested in methodologies. And not all methodologies. I am interested in Gann and Hurst methodologies. I am mainly interested in methodologies relatives to Moving Averages, Envelopes, Waves, Cycles and all subjects connected

Before being interested in your "Trading Transparency" , I would have been much more interested in your Trading Methodology on ONE Financial Support, let's say ONE Forex Pair ONLY.

Unfortunately I have not understood what you do, and how you do it. It is a pity because I am always interested to exchange and talk with people using " Murrey Maths Lines" ..... because I use them since 1998.

By the way there are no Murrey Maths Lines, only " Gann Lines" hence the division of a price interval by 8.

Let's summarize the story.

a) Gann divides a price interval between a Top and a Low
b) at the end of his career Gann uses a more general methodology using fixed intervals 0-1, 0-10, 0-100 etc

this is what Murrey has vulgarized under the " Murrey Maths "concept or brand

the advantage of the b) methodology relatively to the a) methodology is that it is more "stable" - you have not to change you reading grid every time Price Action makes a new Top or a new Low

this is a great advantage and an economy of work, effort and time when you have no computer at your disposal which was the case for Gann in the 50's

c) anyway fact is you can divide whatever Price Interval in 100 th or 1000 th , sliced it by 8 and applied the same methodology

hence 2 questions matter : where do you start and where do you finish ?

Hence the concept of BASELINE

Gann has never used nor developed the "properties" of the "Lines"
Murrey has never explained them

As for Trading with the Gann / Murrey Lines - there is no real applied trading methodology in Murrey's book, just after the fact descriptions, explanations and analysis

There is 2 or 3 (interesting) papers on Trading with Murrey. available on this site , on the net and on my thread.

But fact is that it is not really practical and nobody to my knowledge in 20 years has developed publicly a consistent, persistent and profitable Trading System with "Murrey Maths"

Then either people are working on the side, never going public and make tons of money silently.

Either no such trading system exists and if no such system exists ...... you can not automatize it.

Hope is a great motivation. It is why I was interested in your thread.

I wish you good luck in your search

Perhaps you parisboy hide behind smoke and mirrors.

I am more of a Gann trader than a Murrey trader, infact I have posted about this in previous posts.

However, I understand all the calculations intimately in the MML indicator applied in this thread.

The idea here though was to keep things very simple so others could follow along and trade it 'easily' and to make trades from extreme MML levels on a D1 TF after a Quad pattern occurs so that at least trades are entered in the direction of the recent daily 'trend'.

A very simple and highly effective approach ... anyone can trade this system... it is that easy!

If I wanted a full on comprehensive discussion about Gann or Murrey math then I would have started a thread in "Trading discussion" section not in "Trading Systems".

Nevertheless, I welcome discussion in any of my threads as this generates interest and from interest comes participation and from this ideas.

As for the Quad Candle System it is a very basic trading approach easily taught to the novice trader provided they show a high degree of patience in their trading and can handle longer term trading.

Unfortunately, patience is almost always lacking from the novice trader (and many longer term traders as well) and therefore they will give up rather quickly and start system hopping like crazy eventually becoming dizzy by continually going around in circles.

But each to their own, as they are free to choose afterall!

If you have not paid for Murreys software and been taught by him then you unfortunately cannot claim authority on the subject.

I too cannot claim authority on the Murrey Math Trading methodology and I wouldn't want to in any case as I see many pitfalls to the approach.

The only part of Murrey Math that I use in my D1 Quad Candle System methodology is the MML levels (1 to 13 or -2/8 MML through to +2/8 MML over the 12 octaves), its as simple as that!

As for the 1 symbol approach well I guess you have missed the majority of the thread as I have traded single symbols almost exclusively, at least until a given cycle has completed, in which case I then search for another suitable symbol and address its setup characteristics.

The MML Grid that I use here is dynamic (not stationary).

Sure the levels remain at the same prices for a period of time based on certain criteria within the calculations but eventually given enough time the MML levels will certainly change, as they are meant to do!

Do you know how much time is involved in learning and comprehending all of the available Gann material?

Do you know how involved the process is and the steepness of the learning curve?

If you did know, you would understand that once a 'consistent' trading strategy applying the principles of Gann has been found, then no way in hell would a publicly available system ever be possible.

There are many factors that separate one trader from the next and a key one is the ability to use trader discretion successfully.

One of the key reasons why 5% of traders have account sizes in the black and the other 95% have them in the red!

Automation can be applied to almost any trading strategy with a little trade management by the human, however, full automation is a different story altogether.

Hope is NOT part of this system whatsoever, it is as mechanical as can be to a point.

I was certainly NOT searching for anything ... rather I was providing an effective simple to apply D1 trading methodology.

As for transparency, the live MT5 account will continue to trade this method for the forseable future for all to see!

ps. I've seen your template for trading and I do not know how anyone can trade from such a clustered form of multiple MA's.
pps. I recommend that you ditch all MA's from your chart so that you can then see what is that price is trying to tell you.

Good luck in your trading!

Masterrmind.............

Transparency!

USDJPY [D1-MT5 Live]

Easy trading!

Masterrmind...........

helo master mind, how i can get indi like your own. thanks

I will make them available in Post 1.

Good trading,

Masterrmind...........

USDJPY [D1]

Price is approaching an area of previous resistance (red colored rectangle shown on the chart).

Being the last trading day of the week it is as good a time as any to take some profit.

I will monitor PA around the NY Open and may close out the 3 longs.

If the 3 longs are closed out I will delete the pending Buy Stop order and reassess early next week.

If trade closures occur later today I will post the details to this thread.

Masterrmind............

I understand.

The main issue with transparency is with thread operators more so than individual traders.

No-one here is under any obligation whatsoever to show their account details.

What I would like to see is at least a few examples where a trader has outlined a trading setup via the Quad Candle methodology in union with MML on a D1 TF before the fact (not after it so much) and followed the trade through to completion.

This is a great way to learn especially from the many things that can go wrong.

Improvement is the name of the game.

Thats all I ask and the trader can use a demo if they wish, how much is that asking ...

Ofcourse, I know many simply cannot commit and that's fine.

I appreciate your post.

Masterrmind...........

USDJPY [D1 - MT5]

Cycle of 3 long trades has now been closed out.

Trade 1: 0.01 lots @ +269.1 pips @ +2.30% gain
Trade 2: 0.03 lots @ +127.3 pips @ +3.23% gain
Trade 3: 0.05 lots @ +64.0 pips @ +2.71% gain

Cycle gain is +8.2%

Account gain stands at +20.4%

ps. Pending Buy Stop order has been deleted.

Masterrmind...........