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Quantum 00 Level Daily Trading

  • #21
  • Nov 6, 2018 2:50pm Nov 6, 2018 2:50pm
Quoting cfudge
Yep can do, just curious as I cant get the same look... The other thing is I have no green lines. I have posted a month pic to show no green lines. Does it matter that the swaps are both negative? Chris {image}
Platanero hit it right on the head, you need to be on a Daily chart if you're using that template. If you want to go to a monthly, Adjust the Line1Space, Line2Space, and Line3Space settings accordingly (try doubling each one). Also, check the Line3Color setting and see if it shows Forest green. If it does and the line isn't showing, try changing the color and see if that helps. with regards to the swap, every broker's swap will be different. Trader's Way shows positive swap on Aud/Cad, but it may be different on your broker. The quickest way to find pairs to trade is to open each pair and put the indicator on it and see what the swap rate is or check the properties under the Market Watch>Right Click and select Symbols>select Properties.
  • #22
  • Nov 6, 2018 4:25pm Nov 6, 2018 4:25pm
Thanks for the info.
I re-set the template and the green lines are showing. (I only put up a monthly chart to illustrate that there weren't any green lines)
I asked about the settings for round number indy because, as you can see in the pic., it is not listed when you load a template. When a template is loaded all I get are the round numbers, I don't even have the "indicators list" in the chart properties menu.
I have to load quantum and spread swap separately...is this as you intended?
Chris
Attached Image (click to enlarge)
Click to Enlarge Name: qu.jpg Size: 81 KB
  • #23
  • Nov 7, 2018 7:29pm Nov 7, 2018 7:29pm
Okay, I hope everyone has been able to get things set up and running. Now that I've been testing this out for a few years now, what I am going to do is run through each pair and post a few trades each day from 2018 that have closed and are still open (per my rules). I will also include the optional ways we talked about earlier in post #14 to help you decide which option is best for your trading. So there will be 3 options:

Option 1=Original Rules, Entry at first Target Line (Primary only, Blue or Green)
Option 2=Entry at first Target Line (Primary or Secondary), close at matching target line (Secondary to Secondary, Primary to Primary)
Option 3=Entry at first Target Line (Primary or Secondary), close at next target line (Primary or Secondary)

I will tackle 1 pair per day so everyone can keep up and I can answer any questions. Since we've been posting about Aud/Cad a lot, let's start there. The pip total is based on perfect entries, but we all know that is not the case every time and is more of a gauge of what could've been made. The pip totals also do not factor in the spread. Swap rates are different for every broker, so I will only post the number of days swap was earned.

 

  1. The blue arrow indicates Entry, a blue checkmark will indicate the trade closed successfully
  2. A red arrow indicates an Entry, but the trade is still open

The first two trades on this pair in 2018 were on May 10th and 11th.

Trade 1 - Entry @.95854
Option 1=+214 pips, 10 Days Swap
Option 2=+214 pips, 10 Days Swap
Option 3=+114 pips, 7 Days Swap

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 1.png Size: 114 KB


Trade 2 - Entry @.96127
Option 1=Still Open, 128 Days Swap currently
Option 2=+285 pips, 16 Days Swap
Option 3=+186 pips, 10 Days Swap

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 2.png Size: 117 KB
  • #24
  • Nov 8, 2018 2:56am Nov 8, 2018 2:56am
Quoting mer071898
Okay, I hope everyone has been able to get things set up and running. Now that I've been testing this out for a few years now, what I am going to do is run through each pair and post a few trades each day from 2018 that have closed and are still open (per my rules). I will also include the optional ways we talked about earlier in post #14 to help you decide which option is best for your trading. So there will be 3 options: Option 1=Original Rules, Entry at first Target Line (Primary only, Blue or Green) Option 2=Entry at first Target Line (Primary...
Hello, I thought entries are made around whole numbers or a few pips after. How many pips should we factor in if we are to make entries after the primary or secondary lines.
  • #25
  • Nov 8, 2018 3:48am Nov 8, 2018 3:48am
Hi,
Unless I misunderstood something, would we not have a AJ trade still open from 10.07.15 long @ 90.32 (open of next bar) ?
Even if you could withstand the drawdown in June 16 would you be willing to keep the trade open that long?

Not looked at other pairs yet.

I know it is not a get rich quick scheme but trades can be a very long time between each other. Would there be enough trades to make it worthwhile?

Do you ever average your positions and take a profit on them all together?

Thanks.
If it was easy then I would do it !!
  • #26
  • Nov 8, 2018 9:15am Nov 8, 2018 9:15am
welcome back.
long time no see your name.

subscribed!
  • #27
  • Edited 9:57am Nov 8, 2018 9:42am | Edited 9:57am
Quoting Kamaanya
{quote} Hello, I thought entries are made around whole numbers or a few pips after. How many pips should we factor in if we are to make entries after the primary or secondary lines.
No, when a candle closes and there is a blue box, you enter immediately at the open of the next candle. Primary and Secondary lines are your Target Lines, not entry points.

Quoting j11
Hi, Unless I misunderstood something, would we not have a AJ trade still open from 10.07.15 long @ 90.32 (open of next bar) ? Even if you could withstand the drawdown in June 16 would you be willing to keep the trade open that long? Not looked at other pairs yet. I know it is not a get rich quick scheme but trades can be a very long time between each other. Would there be enough trades to make it worthwhile? Do you ever average your positions and take a profit on them all together? Thanks.
Yes, trades can be open for long periods of time. It's like holding a stock in your portfolio, stocks will rise and fall all the time. Consider it like a savings account while you're holding the trade and the swap is the interest you earn. And yes, you can average your positions, if you want to leave money on the table. It all depends on your risk factor and tolerance. Price on that particular trade did come back to that entry point in September of 2017, you could have closed it there if you wanted to.

Quoting Effax-square
welcome back. long time no see your name. subscribed!
Thanks, glad to be back.
  • #28
  • Edited 11:13am Nov 8, 2018 10:57am | Edited 11:13am
Hi Mer071898,

I like your style and something I can relate with. Thanks for sharing. Subscribed.

Cheers.
Trade to trade another day
  • #29
  • Nov 8, 2018 12:56pm Nov 8, 2018 12:56pm
Took the liberty of combining the Swap indi with Quantum if anyone is interested.
Only shows the entries when there is +ve swap.
Attached File(s)
File Type: mq4 Quantum.mq4   4 KB | 649 downloads
If it was easy then I would do it !!
  • #30
  • Nov 8, 2018 1:00pm Nov 8, 2018 1:00pm
Quoting Wavegarrick
Hi Mer071898, I like your style and something I can relate with. Thanks for sharing. Subscribed. Cheers.
Thanks, I appreciate that.

Quoting j11
Took the liberty of combining the Swap indi with Quantum if anyone is interested. Only shows the entries when there is +ve swap. {file}
Cool, I'll have to try that out!
  • #31
  • Nov 8, 2018 6:41pm Nov 8, 2018 6:41pm
Quoting mer071898
{quote} No, when a candle closes and there is a blue box, you enter immediately at the open of the next candle. Primary and Secondary lines are your Target Lines, not entry points. {quote} Yes, trades can be open for long periods of time. It's like holding a stock in your portfolio, stocks will rise and fall all the time. Consider it like a savings account while you're holding the trade and the swap is the interest you earn. And yes, you can average your positions, if you want to leave money on the table. It all depends on your risk factor and tolerance....

Well explained . Thanks.
  • #32
  • Nov 9, 2018 1:33am Nov 9, 2018 1:33am
Hi Mer,

first many thanks for this interesting art of trading.

Is there a special reason for trading this 14 pairs only, because with my broker I do have a lot more pairs with positive spread on one side and some of the pairs offer a much better swap rate?

Many thanks.

Best regards
  • #33
  • Nov 9, 2018 8:38am Nov 9, 2018 8:38am
A very important question....

Which broker pays the best swap rates???
  • #34
  • Nov 9, 2018 8:58am Nov 9, 2018 8:58am
Mer thank you for this trading system and I have subscribed and following avidly, I noticed on my template for EURNOK that the spread was 35, this I think is a bit too expensive so I will ignore that chart, secondly I looked at the remaining charts and none of them are showing a positive swap, does this change as the price improves or is something wrong with my template? also is there a way of using the template with other pairs that are Europe based and US based? if so how?
many thanks in anticipation
  • #35
  • Nov 9, 2018 9:04am Nov 9, 2018 9:04am
hi mer..thanks for the system..subscribed n following.
  • #36
  • Nov 9, 2018 3:37pm Nov 9, 2018 3:37pm
Quoting Forex Lion
Hi Mer, first many thanks for this interesting art of trading. Is there a special reason for trading this 14 pairs only, because with my broker I do have a lot more pairs with positive spread on one side and some of the pairs offer a much better swap rate? Many thanks. Best regards
When I was researching the history of a lot of these pairs, I tried to keep the swap rates between 1 to 10. Anything less than 1 can be traded, but the swap is pretty insignificant. Anything with very large swap rates seemed pretty erratic and didn't have the recovery aspects we need for this strategy. Just make sure you look back on the charts and see how past trades have progressed and closed out.

Quoting vinforex7
A very important question.... Which broker pays the best swap rates???
That is a good question, but you'd have to check each broker to really see which is best. Picking the broker with the highest swaps is not always the best. You have to look at all the benefits a broker provides, not just one thing.

Quoting bbyeve
hi mer..thanks for the system..subscribed n following.
Glad to have you.
  • #37
  • Nov 9, 2018 4:01pm Nov 9, 2018 4:01pm
Mr mer071898,

I am curious. You mentioned that you have a one lot to every 10K rule. Can you expand a bit on that please? Do you have a maximum number of trades @ a given size? Maximum number of concurrent cycles? How do you determine what size to make the individual trades?

Thank you for sharing.
Don't look down when learning to fly.
  • #38
  • Nov 9, 2018 7:13pm Nov 9, 2018 7:13pm
Quoting Platanero
Mr mer071898, I am curious. You mentioned that you have a one lot to every 10K rule. Can you expand a bit on that please? Do you have a maximum number of trades @ a given size? Maximum number of concurrent cycles? How do you determine what size to make the individual trades? Thank you for sharing.
Okay, so basically, as a rule, I try not to exceed 1 full lot per 10K traded. So if my account is 10K for example, all the trades in play should total 1 lot or less. All my trades started out at .01 lots, so if you calculate it out, you would never have more than 100 trades open at one time (100 X .01 lots= 1 Full lot). So will I ever see 100 trades open on 14 pairs at the same time, highly unlikely, but I'd rather err on the high side and be safe than not. In total for 2018 so far, there were 166 trades placed, which is a little on the high side. But there was probably no more than 80-90 trades max that were open at once all year. The year before that (2017), there were only 74 trades total. So it's hard to determine exactly how many trades per year you will see.

All you can really do is go back each year as far as your history will show and count the total trades and average it out, then place your lot size accordingly. So if you do that and conclude you are averaging 100 trades per year, but only 50 max on average are open at one time, you could use .02 lots if you'd like (50 trades X .02 = 1 Full lot). Now, this is just an example to mainly explain the question, but other factors come into play as well like account leverage and stuff like that. If you have an account with 1000:1 or 500:1 leverage, you can increase the lot sizing to accommodate for the higher leverage if you desire to.
  • #39
  • Nov 10, 2018 3:26am Nov 10, 2018 3:26am
subscribed!

I' ll going to test your System.
Best regards,
renko
  • #40
  • Nov 10, 2018 10:59am Nov 10, 2018 10:59am
Quoting renkotop
subscribed! I' ll going to test your System. Best regards, renko
Welcome to the asylum!
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