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Quantum 00 Level Daily Trading

  • #61
  • Nov 15, 2018 3:59pm Nov 15, 2018 3:59pm
Quoting MarkStep
How do you avoid early entry from this? do you have other confirmation for the right timing? thanks sir!! {image}
You're not avoiding early entry, you are taking all trades as they appear. There is no other confirmation for entry except for the blue or red boxes. If you want to use other indicators or strategies to provide confirmation, feel free to do so.

Quoting bojack34
{quote} Do you know what your average drawdown has been in either pips or % per pair?
That's tough to say, any drawdown is going to very different from person to person depending on their account size, lot sizing, etc... My drawdown will be lower as I keep my accounts well funded, actually overfunded, to account for drawdown that may occur to avoid any type of margin calls.

Quoting SputnikX
{quote} I don't think that these trades have anything in common with Mer's system.
As I always mention, you can use any part of this system as you wish. If he wants to use it intraday, he is more than welcome. I just do not want people posting different strategies in the same thread.

Quoting chrisdk2017
{quote} Looks like you changed the depth setting of the Quantum indi and positive swap requirement was ignored.
He has every right to do so if it fits into his trading strategy. I actually encourage people to test out indicators in different ways.
  • #62
  • Nov 15, 2018 4:29pm Nov 15, 2018 4:29pm
The next 4 trades on this pair in 2018 were on September 10th, 11th, 12th, and 13th. This is a good example of being patient in the trade as our price came back and we closed out all 4 trades

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)

Trade 8 - Entry @.93354
Option 1= +265, 48 Days Swap
Option 2= +265, 48 Days Swap
Option 3= +155, 42 Days Swap

Trade 9 - Entry @.93611
Option 1= +238, 47 Days Swap
Option 2= +238, 47 Days Swap
Option 3= +139 pips, 41 Days Swap

Trade 10 - Entry @.92917
Option 1= +307, 46 Days Swap
Option 2= +208, 40 Days Swap
Option 3= +108, 4 Days Swap

Trade 11 - Entry @.93132
Option 1= +285, 45 Days Swap
Option 2= +285, 45 Days Swap
Option 3= +187, 39 Days Swap

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 5.png Size: 111 KB
  • #63
  • Nov 16, 2018 11:07am Nov 16, 2018 11:07am
Quote
The next 4 trades on this pair in 2018 were on September 10th, 11th, 12th, and 13th. This is a good example of being patient in the trade as our price came back and we closed out all 4 trades

Very nice strategy
thanks available
  • #64
  • Nov 16, 2018 5:12pm Nov 16, 2018 5:12pm
Quoting tadekcorona
{quote} Very nice strategy thanks available
Thank you, more trade examples are coming, so stick around.
  • #65
  • Nov 17, 2018 4:31am Nov 17, 2018 4:31am
Hello mer
Please post any new trades as they come up as well as the past trades which you are kindly posting
Thank you
Regards
  • #66
  • Nov 17, 2018 10:12am Nov 17, 2018 10:12am
Quoting howard
Hello mer Please post any new trades as they come up as well as the past trades which you are kindly posting Thank you
Don't worry, I will keep everyone updated on new trades as well. Just remember, they don't always come around very often.
  • #67
  • Nov 17, 2018 2:49pm Nov 17, 2018 2:49pm
@mer071898 ... Thanks for sharing ... very interesting & greatly appreciated!
Subscribed
When you are successful perhaps give a thought to others ... Kiva dot org
  • #68
  • Nov 17, 2018 3:10pm Nov 17, 2018 3:10pm
Quoting PayItForward
@mer071898 ... Thanks for sharing ... very interesting & greatly appreciated! Subscribed
Thank you. More to come.
  • #69
  • Nov 17, 2018 3:43pm Nov 17, 2018 3:43pm
The final 4 trades on this pair in 2018 were on October 2nd, 3rd, 4th, and 5th. This is a good example of different closeout levels as the trades are split by a Primary line.

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)

Trade 12 - Entry @.92502
Option 1= +348, 32 Days Swap
Option 2= +248, 25 Days Swap
Option 3= +148, 22 Days Swap

Trade 13 - Entry @.92144
Option 1= +385, 32 Days Swap
Option 2= +285, 25 Days Swap
Option 3= +185, 22 Days Swap

Trade 14 - Entry @.91311
Option 1= +269, 21 Days Swap
Option 2= +269, 21 Days Swap
Option 3= +169, 7 Days Swap

Trade 15 - Entry @.91417
Option 1= +257, 20 Days Swap
Option 2= +257, 20 Days Swap
Option 3= +157, 6 Days Swap


Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 6.png Size: 114 KB


So as of now, we still have 5 open trades out of the fifteen placed (using the original parameters-Option 1) and all are currently positive in pips with the oldest with 135 days of swap.

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 7.png Size: 115 KB
  • #70
  • Nov 17, 2018 4:35pm Nov 17, 2018 4:35pm
Quoting mer071898
{quote} tenthman, sorry you are having issues. You can also open Market Watch on top of the platform, right click and hit Symbols, click on a pair and hit Properties on the right and you can see the swap rate. Have you tried a different MT4 from a different broker? Spreads are pretty inconsequential because, yes, we will be earning swap and the pips you earn will easily cover the larger spread. {quote} Then why not just use the templates in Post #1, that's why they're there. {quote} Glad to here that, and hope continued success in your trading!...
Hello mer071898,

Another interesting system, I shall follow along, probably try to integrate with price action, thanks for sharing.

I can feel his pain with not being able to set up the AUDCAD chart, as there is in fact a problem with it.

However, if he moved along to the other 13 charts, he would have seen that those templates did work

From there, you can see the settings for the indicators.

BTW, I don't see the reason for a Template by each pair when a Template by Decimal place would be enough, only 3 templates this way

Or use of a Set file for the Round Number indicator, but a degree of proficiency in Metatrader 4 is required

Good luck all

Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #71
  • Nov 17, 2018 6:26pm Nov 17, 2018 6:26pm
Quoting renkotop
@mer: To get a fast overview it would be helpful to have a Dashboard showing red, blue boxes and swaps. Would it be possible to create such a Dashboard? Best regards, renko
Great idea, where could we possibly look for one of those?

Inserted Video


https://www.mql5.com/en/market/produ...tab_p_overview
It takes a lot for me to IGNORE you, but you can try.
  • #72
  • Nov 17, 2018 6:39pm Nov 17, 2018 6:39pm
Quoting vinforex7
A very important question.... Which broker pays the best swap rates???
Research, it's so HARD

https://www.myfxbook.com/en/forex-broker-swaps
It takes a lot for me to IGNORE you, but you can try.
  • #73
  • Nov 17, 2018 6:43pm Nov 17, 2018 6:43pm
Quoting plasmatron10
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
EURNOK is a killer pair to trade for sure, need to be on the right side of price action, but keep an eye on it, looking for short signals according to swap

TIP: Right click on the pair in MarketWatch, choose Specification, there you can see where the indicator get the Swap information

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-11-18_10-31-32.png Size: 138 KB
It takes a lot for me to IGNORE you, but you can try.
  • #74
  • Nov 17, 2018 7:03pm Nov 17, 2018 7:03pm
Quoting mer071898
So as of now, we still have 5 open trades out of the fifteen placed (using the original parameters-Option 1) and all are currently positive in pips with the oldest with 135 days of swap. {image}
This is the part I don't get, long term strategy, yet a target to exit with no regard to maximize the trade profit, as separate from swap profit?

Surely the profit alone of the already 10 closed trades would quickly multiple in a trending situation?

Of course, that won't happen with every trade but only need 1 or 2 of those pairs to run away to make your year!

Maybe I'm confused, is the object to make a profitable trade, or make SWAP profits?

I'll have to open a few positions as the signals appear to see how this works

Anyway, with IC Markets, AUDCAD is -0.30 for Buy and -0.93 for Sell, so not able to get any swap profits
It takes a lot for me to IGNORE you, but you can try.
  • #75
  • Nov 17, 2018 7:58pm Nov 17, 2018 7:58pm
Quoting Erebus
{quote} This is the part I don't get, long term strategy, yet a target to exit with no regard to maximize the trade profit, as separate from swap profit? Surely the profit alone of the already 10 closed trades would quickly multiple in a trending situation? Of course, that won't happen with every trade but only need 1 or 2 of those pairs to run away to make your year! Maybe I'm confused, is the object to make a profitable trade, or make SWAP profits? I'll have to open a few positions as the signals appear to see how this works Anyway, with IC Markets,...
I'm thinking that both could be deployed with a good effect. The trick to this system is just make sure that the DD does not get out of hand. Not hard to do with a 10K dollars per 100K unit ratio. And with a 300 day breakout set in place it is very conservative.
If you are good at something, never do it for free--Joker
  • #76
  • Nov 17, 2018 11:21pm Nov 17, 2018 11:21pm
Quoting Erebus
{quote} This is the part I don't get, long term strategy, yet a target to exit with no regard to maximize the trade profit, as separate from swap profit? Surely the profit alone of the already 10 closed trades would quickly multiple in a trending situation? Of course, that won't happen with every trade but only need 1 or 2 of those pairs to run away to make your year! Maybe I'm confused, is the object to make a profitable trade, or make SWAP profits? I'll have to open a few positions as the signals appear to see how this works Anyway, with IC Markets,...
Erebus, I appreciate the input, but it is always the goal to have profitable trades, whether your scalping or trading long term. Maximizing profit is all up to the trader, if you want more profit from a trade you can trail these trades as well to increase that profit potential. I'm just providing a base strategy where you can bank profit from a trade along with earning swap (like interest on a savings account) at the same time. The swap is just a bonus and not the primary part of the strategy. Also, if you have read the whole thread, I already mentioned that swap rates will be different from broker to broker and these are trade examples from this particular broker.
  • #77
  • Edited Nov 18, 2018 2:33pm Nov 17, 2018 11:44pm | Edited Nov 18, 2018 2:33pm
Quoting Erebus
{quote} Hello mer071898, Another interesting system, I shall follow along, probably try to integrate with price action, thanks for sharing. I can feel his pain with not being able to set up the AUDCAD chart, as there is in fact a problem with it. {image}
AUDCAD template all good here OTB on P'Stone, however negative swap ... will go through them all.
Attached Image (click to enlarge)
Click to Enlarge Name: PS_AUDCAD.jpg Size: 1.3 MB
When you are successful perhaps give a thought to others ... Kiva dot org
  • #78
  • Nov 18, 2018 2:02am Nov 18, 2018 2:02am
Quoting PayItForward
{quote} AUDCAD template all good here OTB on Pepperstone, however negative swap ... will go through them all. {image}
Exactly, you do have to do some research. As I explained in post #1, I'm just using Trader's way to show trades that could be taken and potential exits. There are pairs on my broker that show positive swap, but not on Traders Way, and vice versa. On my real account, I actually watch around 20 pairs.

Below is a comparison between my broker (who will remain nameless) and Trader's Way. You can see the pricing on Aud/Cad is different along with the swap rate. My broker even shows 2 extra trades that were taken. So everyone please don't get hung up on trying to be exactly like my charts, it isn't going to happen (unless you're using Traders Way of course). Just follow the concept of the strategy and you will be fine.

My Broker:

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 8.png Size: 86 KB


Traders Way:

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad 9.png Size: 85 KB
  • #79
  • Nov 18, 2018 2:42am Nov 18, 2018 2:42am
Quoting Erebus
{quote} Research, it's so HARD https://www.myfxbook.com/en/forex-broker-swaps
Thank you Erebus!
Best regards,
Renko
  • #80
  • Nov 18, 2018 2:27pm Nov 18, 2018 2:27pm
hi mer,
if you go for positive swap, you`ll end up with 6 CHF short and 5 JPY short.
when the trend is going down a lot and you keep adding long trades, your DD will be out of control even with adding small positions.
look what happened with the JPY pairs in 2007/2008.
what do you do to counter that scenario?
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