Quad Candle System

Thanks for the vote of confidence but UJ is an interesting beast too.

It may very well reverse on me and head back down to the 3/8 MML ... time will tell.

But I've only applied a small amount of risk on the 1st entry so its all good, for now at least.

I'll also analyze a few more potential setups tomorrow and provide a more detailed post.

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

Yes same here I'm still monitoring NJ.

Its still going up so its a waiting game at this stage.

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

Rest time for me.

I'll be back tomorrow.

Good trading to you all,

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

Thank you for the analysis, it's always a pleasure to read it plus a lot to learn.

Hello Mastermind,
I Love the Quad Candle DashBoard and I am looking at the EURGBP for a possible entry; QUAD LONG / MML LONG so I wait to see about the turn-around to the Upside I like to say this that the Dashboard is a learning tool... to understand the Quad Candle System
Cheers

Jeff

i am happy that ive learned this system

Price spike on NJ, let's see how the price react.

The Dashboard is meant to be a simple tool that highlights potential symbols of interest.

Then the trader starts doing the real analysis both technical and fundamental and seeks out a highly confluent entry into the market.

It is a learning tool and you are right it does assist to some extent in learning the QCS method.

You can change the colors to produce a dashboard to your own liking and save templates with a variety of different symbols.

If after testing the dash for a while you find any peculiarities or something you think might be worth adding just let me know.

I'm pleased you are finding it useful.

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

Always plenty to learn in trading no matter what level you might be at ... it never stops.

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

Welcome to my thread.

Ask any questions you wish about the Quad Candle System as I'm always happy to respond.

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

Hello Mastermind..

You mentioned in post 1

"Please ensure that your price data (OHLC) is refreshed and that no missing bars are present otherwise signals may be false !

How do I refresh this....?

Thank you,

Jeff

The dashboard takes automatically all the currencies, indices, stocks that broker offers in the list? I'm asking because I saw the template names with a number of currency pairs?

I've placed BUY CHF-SGD @ 1.37091 with SL: 1.35203 and TP: 1.39445. I will post charts and analysis in a few hours ( evening time in my country )

Very important question and thank you for asking it.

There are several options both manual and automated.

I'll cover a semi-auto refresh in this post.

Semi-auto Refresh 1 (MT4)

Step 1: Make a list of all the symbols you are likely to trade
eg. AUDUSD,EURUSD,GBPUSD,USDJPY,USDCHF, ... , XAUUSD;

Step 2: Open any chart and set the period to the D1 TF;

Step 3: Attach the Instrument_Changer_Multi indicator to the chart (this will make it much faster and easier to change charts);

Step 4: Start from top left row and click on Symbol or find your preferred symbol;
- as you click the button the chart name will change and the bars on the chart should update,
- hover your mouse over the main chart (bars), Right click --> Select "Refresh",
- some D1 bars that did not update previously will now be forced to update.

Step 5: Repeat Step 4 for all of the symbols displayed in the sub window or only choose from your list of preferred symbols;

Step 6: To check the updating process at the time of forcing a "Refresh" have the Data Window open, place the MT4 Cross Hair tool where the current candle/bar should print and observe the High and Low bar ranges.
- Refresh action will show changes to these data values via the Data Window and visually on the chart.

Step 7: Repeat the above steps often to ensure the D1 bars are updated and current.

Alternatively, the charts of every preferred symbol can be opened and then refreshed and checked via the Data Window.

This manual approach can take some time but its worth it to ensure chart price data is completely updated.

Some Broker server data feeds are more efficient at updating than others so be aware of this problem.

5 (4 previous + current bar) updated D1 bars are required to correctly show the colors and provide the right signal for the Quad patterns.

65 (64 previous + current bar) updated D1 bars are required to correctly show the MML signals.

Gaps in the data also need to be fixed and updated if bars are missing here and there within a 65 bar history (this is the case for D1 TF::64] but it will vary based on the P value (if user input feature is active).

To fill the gaps in your charts history do the following:

1. Go to "Tools" --> "History Center" --> Select preferred Symbol --> Select preferred TF

2. Look for any missing data by checking the dates (weekends are not present nor are some public holidays since the market is closed)

3. If you notice some missing data continue from Step 4

4. Click on the upper data entry and by holding the "shift" key down scroll to the bottom of all the entries and whilst still holding down the 'shift' key click the lowest data entry so that all data entries are highlighted (the 'Daily (D1)' will now be 'grayed out'

5. Click 'delete' tab twice to ensure all data has been removed (there should be 'no' data showing)

6. The bars will now be missing from your Symbols chart (EURUSD D1 in this example)

7. The D1 bars will now start to populate onto your chart, you can again use "Refresh" to force the bars onto the chart.


Thats it, all done.

Its very important to ensure that your D1 charts are all showing current and up-to-date price bars !

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

Quad + MML Templates

I notice some traders are using the 2017 MT4 templates which are starting to look rather tired and outdated.

So I will upload to Post 1 some new templates with some indicators having additional functionality.

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

Took a risky punt on a RED bar sell, may be a little over extended

The Dashboard is best applied to common pairs and commodities at this stage.

Be aware of the difference between reporting in pips as opposed to points.

I have not tested the Dash on all instruments yet so please be careful if you decide to use it on other symbols.

I will provide a Dash especially for trading Indices and CFD's a little later on as time allows.

Please feel free to report any issues with the Dashboard.

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

Banked

Hunting for a trend ?

Done !!