Quad Candle System | Page 186 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

quad core multiple CPU's, multiple MT4 sessions, Virtual Machine 53 replies

Attachments: Quad Candle System
Exit Attachments

Quad Candle System

  • #3,701
  • Oct 13, 2019 1:35am Oct 13, 2019 1:35am
Quoting Masterrmind
{quote} What exactly are you suggesting ? Masterrmind.............
Ok PM made it clear.

Certainly I will look forward to your live challenge here on this thread.

If anything a challenge here should be one against yourself where you strive to prove to yourself that you can be a consistent and profitable trader over a pre-determined time horizon.

The longer the time profitable whilst actively trading should be not less than 12 months.

However, traders can fail at anytime up to and beyond that 12 month term.

You only need to satisfy yourself that you are improving and reaching every milestone along the way to your longer term goals.

My milestone is > +40.5% on this current account in less than 12 months on my way to a goal that exceeds 100% Gain in Equity in less than 12 months.

Lets trade !

Masterrmind.............
Master your Mind then Master your Trades
  • #3,702
  • Oct 13, 2019 1:41am Oct 13, 2019 1:41am
Quoting Masterrmind
{quote} Here are the 4 charts in default Quad mode ! Certainly take note of the ranges indicated by the D1 candles over the previous 2 bars (days) ... relatively large yes ! {image} Masterrmind.............
Has any trader attempted to make any sense out of these 4 charts.

Recall this is for D1 longer term trading.

Ask yourselves :

1. Which pair(s) would I trade ?
2. Why would I trade it ?
3. What are technicals saying ?
4. What are the driving fundamentals saying ?
5. What does the respective Reserve Bank want to achieve and why do they want to achieve it ?
6. What are the risks ?
7. Based on a 1K account what volume should be traded, what is the entry, what is the target(s) and how do manage the trade(s) over time ?

Masterrmind...............
Master your Mind then Master your Trades
  • #3,703
  • Oct 13, 2019 11:47am Oct 13, 2019 11:47am
I ready to challenge
Final Match 1.1.2021
I wish success to all
no losers if we all win!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,704
  • Oct 13, 2019 11:43pm Oct 13, 2019 11:43pm
Trade 2 entered short at higher volume.

Potentially risky if the bulls take price back up nearer the 1500 level on the yellow metal.

Lets go.

Masterrmind.......
Master your Mind then Master your Trades
  • #3,705
  • Oct 13, 2019 11:47pm Oct 13, 2019 11:47pm
Quoting Macd-rsi
I ready to challenge Final Match 1.1.2021 I wish success to all no losers if we all win!
Provided your approach resembles the QCS approach trading on a D1 TF then great.

All the best,

Masterrmind.........
Master your Mind then Master your Trades
  • #3,706
  • Oct 13, 2019 11:53pm Oct 13, 2019 11:53pm
I prefer MN1-frame

NZDCAD??
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,707
  • Oct 14, 2019 2:07am Oct 14, 2019 2:07am
Quoting Macd-rsi
I prefer MN1-frame NZDCAD??
Usually I find an MN chart too big to trade off but by all means trade it if you wish.

Stops may well be massive but not always and in any case its always a relative matter.

Larger capital might come in handy.

Masterrmind .........
Master your Mind then Master your Trades
  • #3,708
  • Oct 14, 2019 2:29am Oct 14, 2019 2:29am
Quote
Larger capital might come in handy.
if not come, create it. your 1,000, can be 100,000 through your experience!
by MN1, we mean the direction of position,
may I can start my challenge next week!
I may start 1,000 USD, or even 100,000 USD!!!!! (100 trials)

how can anyone master his mind? could minds be replaced!

hint: we "as an audiance" are eager to see your first "wise" trade.

Satan is always hissing in our ears!! get risky!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,709
  • Oct 14, 2019 5:29pm Oct 14, 2019 5:29pm
Quoting Macd-rsi
{quote} if not come, create it. your 1,000, can be 100,000 through your experience! by MN1, we mean the direction of position, may I can start my challenge next week! I may start 1,000 USD, or even 100,000 USD!!!!! (100 trials) how can anyone master his mind? could minds be replaced! hint: we "as an audiance" are eager to see your first "wise" trade. Satan is always hissing in our ears!! get risky!
Mastering ones mind comes from having control over your emotions.

Especially the emotions that can impact heavily against your longer term trading success.

This is not something that can be easily outlined in a single post.

Masterrmind..............
Master your Mind then Master your Trades
  • #3,710
  • Oct 16, 2019 12:15am Oct 16, 2019 12:15am
good start mate
my best wishs
you disable shout on your page! ??
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,711
  • Oct 16, 2019 8:18am Oct 16, 2019 8:18am
Quoting Macd-rsi
good start mate my best wishs you disable shout on your page! ??
Plenty of trading to come.

I have now employed a combination of sell stop and sell limit orders.

As for the shouts perhaps they are disabled.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,712
  • Oct 16, 2019 4:19pm Oct 16, 2019 4:19pm
hello
how i can use your indicatours?
thank you
  • #3,713
  • Oct 16, 2019 5:18pm Oct 16, 2019 5:18pm
Quoting ferish
hello how i can use your indicatours? thank you
Please refer to Post 1 as it contains the information that you seek.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,714
  • Oct 18, 2019 6:46am Oct 18, 2019 6:46am
Quoting Masterrmind
{quote} Please refer to Post 1 as it contains the information that you seek. Masterrmind.........
"QUAD CANDLE SYSTEM Zip Folder" has removed.
i can`t download it and Master Octive Indicator there is not!!!

please help,thank you.
  • #3,715
  • Oct 18, 2019 6:33pm Oct 18, 2019 6:33pm
Quoting ferish
{quote} "QUAD CANDLE SYSTEM Zip Folder" has removed. i can`t download it and Master Octive Indicator there is not!!! please help,thank you.
Please refer to Post 1.

"Advanced Trading Tool Access".

It is very clearly stated what is required.

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #3,716
  • Oct 18, 2019 7:00pm Oct 18, 2019 7:00pm
Quoting Masterrmind
{quote} Here are the 4 charts in default Quad mode ! Certainly take note of the ranges indicated by the D1 candles over the previous 2 bars (days) ... relatively large yes ! {image} Masterrmind.............
Here are the 4 charts of the 4 Quads I posted (Post# 3693).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB

It assumes an entry at the closing price of C4 on the next day using entry candle.

As you all should know by now and I have mentioned it several times including in Post 1 that waiting for a pullback of sorts during the day of entry is very likely to garner more pips and a reduced DD.

After the Quad pattern completes wait for price to pullback against your planned direction be it 38.2/50/61.8 of C4's range.

Clearly limit orders can be applied here.

The charts I have shown show an entry at C4 close and a target of simply EOW (End Of Week).

Over 785 pips could have been gained using a simplistic Quad Pattern setup.

ps. Ignore the spread shown on the charts since the market is closed.

Masterrmind............
Master your Mind then Master your Trades
  • #3,717
  • Oct 18, 2019 7:10pm Oct 18, 2019 7:10pm
Quoting Masterrmind
{quote} Here are the 4 charts of the 4 Quads I posted (Post# 3693). {image} It assumes an entry at the closing price of C4 on the next day using entry candle. As you all should know by now and I have mentioned it several times including in Post 1 that waiting for a pullback of sorts during the day of entry is very likely to garner more pips and a reduced DD. After the Quad pattern completes wait for price to pullback against your planned direction be it 38.2/50/61.8 of C4's range. Clearly limit orders can be applied here. The charts I have shown...
How much you decide to wait on the daily entry candle is up to you.

Best approach is to perform a study of historical data on your symbol of choice at 3 different fibonacci ratios (eg 38.2/50/61.8).

Look for a ratio that provides a good balance between actually getting into the trade but at minimal DD.

If you are trading at very low leverage then this technique becomes 'less' important considering that your overall bias on symbol direction plays out.

In an automated system using relatively high leverage it makes a huge difference although some great setups do get missed at times.

In any case the system continually scans for 'ideal' setups and before long another order is active.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #3,718
  • Oct 18, 2019 7:40pm Oct 18, 2019 7:40pm
Here is the Quad Candle Dashboard showing EOW data
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 100 KB

Signals shown are for Friday.

Signals may be different for Monday.

Certainly the Quad Patterns will be.

However, by using the dash or manually via an open chart you can tell which symbols will exhibit a Quad Long or a Quad Short pattern when the market opens.

Masterrmind............
Master your Mind then Master your Trades
  • #3,719
  • Oct 18, 2019 8:02pm Oct 18, 2019 8:02pm
I have placed a blue box around the D1 Bars for all of the 30 symbols shown.

All you need to do is locate the symbols that show 2 red/2 green or 2 green/2 red squares as the highlight bar indicates.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB

Yellow box shows all 6 Quad Patterns.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 100 KB

So lets list them

Quad Long Patterns (for Sunday Night/Monday Morning)

AUDCHF
NZDCAD
NZDUSD

Quad Short Patterns (for Sunday Night/Monday Morning)

EURAUD
EURNZD
GBPNZD

Now that we have listed the 6 Quads from the 30 symbols shown on my Dashboard lets go to the next step.

Masterrmind..............
Master your Mind then Master your Trades
  • #3,720
  • Oct 18, 2019 8:23pm Oct 18, 2019 8:23pm
Lets now take a look at current positive swap rates since our approach is to trade over the longer term whether this is a few days, a week or several months.

Swap accumulation can play an important role.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB

The List now becomes:

AUDCHF (+1.26 LONG)
EURAUD (+1.95 SHORT)
EURNZD (+2.47 SHORT)

Not all retail brokers show the same swap rates so you need to do your own due diligence and determine whether a reduced swap rate from your current preferred broker is acceptable (to you) in exchange for all the other benefits your broker may offer.

Although I'm going to take a look at only the favorable swap symbols in my list what you really should do is also take a good look at all the other Quads.

Masterrmind.............
Master your Mind then Master your Trades
20 traders viewing now