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Quad Candle System

  • #3,641
  • Jul 13, 2019 11:27pm Jul 13, 2019 11:27pm
Quoting Jeff59FX
Hi Masterrmind, I was wondering- what set of indicators you recommend to have on here to follow your trading results? Thank you, Jeff
No amount of indicators applied on ones charts will mimic my own trading.

This is due to trade management and risk approach to setups since no 2 traders would ever take identical trades at the same time and exit at the same time.

Trader A might think there is more room left in the trade to develop whilst Trader B is happy to close with the current profit.

Both Trader A and Trader B could be right in their own analysis based on their trade setups management plans.

I will upload some tools to Post 1 shortly in an MT4 Zip.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,642
  • Jul 14, 2019 1:54am Jul 14, 2019 1:54am
Post 1 has been updated with a basic set of MT4 tools provided in a zip folder.

The Quad Candle Dashboard beta has also been uploaded.

As participation in the thread continues more of the original tools might also be uploaded.

I may also start a fresh real trading account from August 1, 2019 so other traders may see the QCS methodology unfold.

It is highly likely that the trade setups on the fresh account will all be D1 longer term hence positive swap considerations will be considered.

It is therefore highly unlikely that higher risk short term trading on lower time frames will take place.

For those traders seeking much faster albeit much riskier gains on their accounts I would refer you to my other thread found here:

https://www.forexfactory.com/showthread.php?t=922673

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #3,643
  • Jul 21, 2019 8:33pm Jul 21, 2019 8:33pm
Hi Masterrmind
Great to see you on this thread and with the things you always like to teach here...
I am having trouble with the DashBoard

and

do you still do MML?

Thank you
Jeff
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_1258 Jul. 21 19.28.jpg Size: 384 KB
Click to Enlarge Name: ScreenHunter_1259 Jul. 21 19.31.jpg Size: 121 KB
Happily Married to MY College Sweet Heart!
  • #3,644
  • Jul 22, 2019 6:12am Jul 22, 2019 6:12am
Quoting Jeff59FX
Hi Masterrmind Great to see you on this thread and with the things you always like to teach here... I am having trouble with the DashBoard and do you still do MML? Thank you Jeff {image} {image}
Over the weekend no broker data feed in general.

However, open indicator settings and simply reload again and current data will populate the dash.

Quad Candle Dashboard should then look as follows:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB

Monday Dash view shown.


The Dashboard can be loaded onto any Symbol chart with any TF it makes no difference.

MML.

I will always use the octaves or 1/8ths of a given range.

Whilst Murrey used the term Murrey Math Lines, I have decided not to use his terminology but rather revert back (correctly I might add) to using Gann.

Afterall, Murrey got plenty of information from Gann material.

All this means is that a range is still broken into 8 equal sections which I call octives (or octaves) and an upper and a lower extreme zone.

Masterrmind............
Master your Mind then Master your Trades
  • #3,645
  • Jul 22, 2019 6:42am Jul 22, 2019 6:42am
The Dash is very useful as well as being a huge time saver and therefore is highly valuable in trade setups.

At a glance a trader can quickly view important Symbol data over several TF's.

An example, is GJ shows a Quad Long potential setup and it also shows positive swap to the long side (on this broker).

To show the highlight line simply click inside the small square box to the right of the symbol name.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB

To view the GJ chart which can apply a preset template simply click on the Symbol name and the template will open on a fresh chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 18 KB

Notice the long bearish trend suggesting that a long setup might pose some degree of risk meaning that 'smaller volume' initially is the smart move.

Traders can alter the template (only a very basic template has been provided here) as they wish and save it as the same name as that shown in the Quad Candle Dashboard settings or rename it to anything they like.

Remember to type in the new template name into the settings of the Dashboard if this is your choice.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,646
  • Jul 25, 2019 5:56pm Jul 25, 2019 5:56pm
Thank you Masterrmind!
I placed 2 trades based on your DashBoard and I made a Profit on both trades in a matter of 2-3 days.!

Thank you for ALL you do!

Jeff
Happily Married to MY College Sweet Heart!
  • #3,647
  • Sep 7, 2019 10:10pm Sep 7, 2019 10:10pm
Still waiting for traders to get involved here.

Once I see participation by other traders I will trade a fresh account applying all of the techniques that the Quad Candle System has to offer.

Until then I will remain on the sidelines as far as this thread is concerned.

Its up to you guys !

Masterrmind..............
Master your Mind then Master your Trades
  • #3,648
  • Sep 8, 2019 3:37am Sep 8, 2019 3:37am
Gold [D1 Chart]

The dark blue colored trendline identifies the most significant and recent swing for a daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB

Certainly the 1500 level looks very very interesting.

Question is will the bulls come back in force closer to this handle ?

Chart structure would certainly make you think so.

ps. the lower indicator has the ability to show planetary aspects of all key heavenly bodies (only 3 shown) with respect to one another including from a geocentric bias or heliocentric bias.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,649
  • Sep 8, 2019 3:58am Sep 8, 2019 3:58am
Quoting Masterrmind
Gold [D1 Chart] The dark blue colored trendline identifies the most significant and recent swing for a daily chart. {image} Certainly the 1500 level looks very very interesting. Question is will the bulls come back in force closer to this handle ? Chart structure would certainly make you think so. ps. the lower indicator has the ability to show planetary aspects of all key heavenly bodies (only 3 shown) with respect to one another including from a geocentric bias or heliocentric bias. Masterrmind.............
Once the significant swing has been identified on the D1 chart simply set the SQ9_StartDate to low bars date since price is clearly racing up the chart.

I've used Gann 90 degrees in the settings of the QCS_MasterOctive_beta indicator but traders should perform their own historical analysis of the relevant chart and select the 'most' insync value for the degrees (there are 8 choices in the parameter SQ9_Degrees).

Masterrmind..............
Master your Mind then Master your Trades
  • #3,650
  • Sep 8, 2019 4:10am Sep 8, 2019 4:10am
Now with special Gann Grid applied.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #3,651
  • Sep 8, 2019 4:50am Sep 8, 2019 4:50am
But we also trade the Quad Candle Pattern and an astute trader would realize that come Monday (or Sunday depending on where you live) Gold will have a Quad Short signal and its also likely that price will be in the Upper Extreme Zone which is exactly what we typically want in great setups.

Here is the QCS_Dashboard
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB

There are a few potential issues though:

1. Swap rate is non-favorable over multiple days and the D1 is for longer term trading so we need to be mindful of this ongoing 'cost';
2. Shorting at current level would have us trading into a big psychological level (1500) which has also served recently as strong support; and

3. What other issues are there likely to be ?

Question ?

How do we approach trading Gold on the longer term ... any ideas traders ?

Masterrmind.............
Master your Mind then Master your Trades
  • #3,652
  • Sep 8, 2019 8:56am Sep 8, 2019 8:56am
Hello Mastermind
How are you doing with this system?
It's almost 2 years now.
Curios to know if you managed to double the account every year as mentioned somewhere on post #1.
Cheers
  • #3,653
  • Edited 1:08pm Sep 8, 2019 12:54pm | Edited 1:08pm
Due to some activities in daily life I not provided very big attention to forex and the last entry I took was not very well thought and was not disciplined to close it with a stop loss. My account was not affected, for this year it's still up to 2% but I must create a trading style discipline. I realized that if I plan to succeed I have to find a pending orders style and check the charts only one two times a day maximum.

The trade I plan to enter on Monday morning is:

Sell AUD/NZD - 1.06629 SL 1.07103 TP 106156

The reasons are:

1) Daily/Weekly resistance at around 1.06923
2) Harmonics AB=CD pattern
3) Evening Star Price pattern that also engulfed the previous bars
4) Doji on weekly


* will install the Masterrmind indicators shortly and provide chars with them included.
* will implement news analysis hopefully from next month as well, now it'll be only my technical thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.rDaily.png Size: 52 KB
Forex - It's finger lickin' good
  • #3,654
  • Sep 8, 2019 1:01pm Sep 8, 2019 1:01pm
For the XAU USD what do you think of the AB=CD harmonincs + evening star pattern?
I think that it could go at least to around ~ 1494 area?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.rDaily.png Size: 36 KB
Forex - It's finger lickin' good
  • #3,655
  • Sep 9, 2019 12:58pm Sep 9, 2019 12:58pm
I think an interesting trade is shorting CN50.

It's in a double top area + AB=CD harmonics + harami pattern

I can't enter in this trade since it requires 0.10 per trade and per my risk management rules it's just 0.01
Attached Image (click to enlarge)
Click to Enlarge Name: CN50.rDaily.png Size: 48 KB
Forex - It's finger lickin' good
  • #3,656
  • Sep 22, 2019 7:41am Sep 22, 2019 7:41am
Quoting Merka
Hello Mastermind How are you doing with this system? It's almost 2 years now. Curios to know if you managed to double the account every year as mentioned somewhere on post #1. Cheers
The Quad Candle System is fantastic for those traders looking to remain in the game for the longer term and generate consistent and profitable returns.

If you read Post 1 carefully you will notice that the account made just over 40% in its 1st year of trading ... effortless you might say.

However, I have not shown a 100% y/y return on this account since I disabled the account due to a lack of trader participation in this thread.

It is my hope that a renewed interest will return by several traders.

If this is the case then you can expect to see a new account grace these pages using all of my own tools.

I will also make available to those traders who participate several of these unique trading tools.

These trading tools make life far easier and trading purely on a D1 chart means the trading is stress free for the most part provided money management is exercised correctly.

Hopefully, traders will welcome a fresh account on the 1st trading day in October with total transparency.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #3,657
  • Sep 22, 2019 7:44am Sep 22, 2019 7:44am
Quoting pipsandkfc
I think an interesting trade is shorting CN50. It's in a double top area + AB=CD harmonics + harami pattern I can't enter in this trade since it requires 0.10 per trade and per my risk management rules it's just 0.01 {image}
Nice posts.

I hope to be very very active here very soon and offer my commentary and market thoughts.

Lets see your equity curve build up nicely over time and reach some of your goals.

Masterrmind........
Master your Mind then Master your Trades
  • #3,658
  • Sep 23, 2019 1:32pm Sep 23, 2019 1:32pm
I tried to trade with your system and it does not work...want to learn this.... but there is always an expiry
Happily Married to MY College Sweet Heart!
  • #3,659
  • Sep 23, 2019 11:30pm Sep 23, 2019 11:30pm
Quoting Jeff59FX
I tried to trade with your system and it does not work...want to learn this.... but there is always an expiry
A new version will be made available prior to October 1.

Yes it will have expiries which are annoying for traders but necessary from my point of view as they stop traders from taking tools and moving on.

Masterrmind..........
Master your Mind then Master your Trades
  • #3,660
  • Sep 24, 2019 1:20am Sep 24, 2019 1:20am
Quoting Masterrmind
{quote} Nice posts. I hope to be very very active here very soon and offer my commentary and market thoughts. Lets see your equity curve build up nicely over time and reach some of your goals. Masterrmind........

Thank you for your encouragement. There has been postponing with some exams and I've been staying in uncertainty for almost 3 months. I really love to come back to the thread constantly and post. I'm sure I'm profitable due to your teachings I just have to keep being consistent and disciplined.
I've been told that around 10 nov it should be finished and I'll be able to return to post constantly.
Forex - It's finger lickin' good
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