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Quad Candle System

  • #3,961
  • Jan 20, 2020 6:34am Jan 20, 2020 6:34am
Looking to enter cycle 2 on the 10K account.

I will post a screenshot of todays Quad Candle Dashboard showing potential symbols.

Masterrmind........
Master your Mind then Master your Trades
  • #3,962
  • Jan 20, 2020 6:57am Jan 20, 2020 6:57am
Quad Candle Dashboard
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #3,963
  • Jan 20, 2020 7:02am Jan 20, 2020 7:02am
Quoting Masterrmind
Quad Candle Dashboard {image} Masterrmind.............
Showing Quad Signals and Octive Signals with positive swap.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 98 KB

Which symbol(s) looks like a good potential setup ?

Note: Be sure to check the swap rates shown on your brokers platform since they are not all the same.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,964
  • Jan 20, 2020 7:19am Jan 20, 2020 7:19am
AUDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB

GBPCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB

NZDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 45 KB

USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 44 KB

Notice most use a 2 OG SL except one symbol which has 1.5 OG SL ... this is just my personal choice.

I am already trading the USDCHF pair on the 10K account so its out, although its nice to see another Quad Long pattern.

Notice how an entry of 0.1 lots is shown ... however, I am governed by maximum trading volume across the account of 1.5 lots so I need to monitor this especially with pending orders already set on cycle 1. If trades are taken to BE+pips then I reserve the right to increase trading volume by this amount.

Likely that first entry on cycle 2 will be 0.05 lots.

Question remains though ... Which symbol shall I trade ?

Masterrmind...............
Master your Mind then Master your Trades
  • #3,965
  • Jan 20, 2020 7:28am Jan 20, 2020 7:28am
GBPCHF

A big mover ... check the ADR | AWR | AMR values as shown on the Quad Candle Dashboard screenshots.

So plan might be to trade lower relative volume on a 'bigger mover' ... does this make sense ?

Masterrmind..............
Master your Mind then Master your Trades
  • #3,966
  • Jan 20, 2020 7:50am Jan 20, 2020 7:50am
GBPCHF [QCS Master 10K]

Cycle 2 now active

Market Entry [1] @ 0.05 lots (initial risk ~ 1.26% of account equity)
Buy Stop [2] @ 0.07 lots
Buy Stop [3] @ 0.09 lots.

Only 3 trades so far for this symbol.

Lets make some coin !

ps. refer to myfxbook link in Post 1 for additional information.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,967
  • Jan 20, 2020 7:55am Jan 20, 2020 7:55am
Quad signal on USDCHF..
  • #3,968
  • Jan 20, 2020 8:13am Jan 20, 2020 8:13am
Quoting MrGreen95
Quad signal on USDCHF..
Yes indeed !

Are you trading it ?

Masterrmind............
Master your Mind then Master your Trades
  • #3,969
  • Jan 20, 2020 11:02pm Jan 20, 2020 11:02pm
Quoting Masterrmind
{quote} Yes indeed ! Are you trading it ? Masterrmind............
Hey, just joined FF to say thank you for the thread. Been reading it for a while and took some trades according my preferences. Speaking of preferences, I believe that Kiwi has the most potential for uptrend, since it is among the strongest currencies in the past year.
I wouldn't trade Aussie for now, unless trade tensions between US and China and consequences of bush fires are completely resolved.
  • #3,970
  • Jan 21, 2020 1:55am Jan 21, 2020 1:55am
Quoting bubander
{quote} Hey, just joined FF to say thank you for the thread. Been reading it for a while and took some trades according my preferences. Speaking of preferences, I believe that Kiwi has the most potential for uptrend, since it is among the strongest currencies in the past year. I wouldn't trade Aussie for now, unless trade tensions between US and China and consequences of bush fires are completely resolved.
Welcome aboard.

Yes plenty of factors to consider.

After performing a potential trade setup its a case of trade it now, trade it later or don't trade it at all.

D1 TF coupled with strict risk control will get you a long way in this business.

The rest is up to you.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #3,971
  • Jan 21, 2020 2:35am Jan 21, 2020 2:35am
How to load Quad Candle Dashboard
  • #3,972
  • Jan 21, 2020 5:22am Jan 21, 2020 5:22am
Another potential setup, which caught my eye is with EURCHF. I believe that the Swiss frank is loosing momentum across the board.
  • #3,973
  • Jan 21, 2020 5:53am Jan 21, 2020 5:53am
Quoting 9money
How to load Quad Candle Dashboard
Its not currently available.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,974
  • Jan 21, 2020 6:02am Jan 21, 2020 6:02am
Quoting bubander
Another potential setup, which caught my eye is with EURCHF. I believe that the Swiss frank is loosing momentum across the board.
If todays D1 bar ends bullish then certainly a Quad Long pattern is valid.

Worth analyzing further forsure.

Good trading,

Masterrmind........
Master your Mind then Master your Trades
  • #3,975
  • Jan 21, 2020 6:10am Jan 21, 2020 6:10am
I will be providing end of month trading performance summaries for both real accounts, this will be ongoing for as long as thread participation remains.

Traders are welcome to show their own real accounts trading the QCS methodology if they wish.

Based on past experience I doubt very much that any trader will ... prove me wrong !

Good trading,

Masterrmind........
Master your Mind then Master your Trades
  • #3,976
  • Jan 21, 2020 6:25am Jan 21, 2020 6:25am
Quoting Masterrmind
{quote} If today's D1 bar ends bullish then certainly a Quad Long pattern is valid. Worth analyzing further for sure. Good trading, Masterrmind........
The problem called "Sunday candle"
This can distort the trading system performance (are there any rules about it?)
As you can see from my chart (although many brokers provide this "thing"), there is completely valid candle on Sunday. And yes, this is real account with real trade taken.
Attached Image (click to enlarge)
Click to Enlarge Name: aPqPfM8fLB.png Size: 25 KB
  • #3,977
  • Jan 21, 2020 6:34am Jan 21, 2020 6:34am
One more thing, related to indicator of the system:
Errors occurred, zero divide.
Attached Image (click to enlarge)
Click to Enlarge Name: terminal_CIHyueH5PQ.png Size: 44 KB
  • #3,978
  • Jan 21, 2020 5:25pm Jan 21, 2020 5:25pm
Will Master Octive Indicator for MT4 expire after Mar. 20?
How can I use this indicator after that?
  • #3,979
  • Jan 22, 2020 3:58am Jan 22, 2020 3:58am
Quoting septell
Will Master Octive Indicator for MT4 expire after Mar. 20? How can I use this indicator after that?
It appears that the author will upload the new version of indicator here after expiration date (conditionally - until there is interest in the thread).
  • #3,980
  • Jan 22, 2020 7:25am Jan 22, 2020 7:25am
Quoting bubander
{quote} The problem called "Sunday candle" This can distort the trading system performance (are there any rules about it?) As you can see from my chart (although many brokers provide this "thing"), there is completely valid candle on Sunday. And yes, this is real account with real trade taken. {image}
I am aware of the 'Sunday candle'.

Guideline is as follows:

1. Trade setups according to your preferred brokers datafeed;

2. Quad pattern is valid if it follows the defined layout as in 2 up and 2 down or 2 down and 2 up provided all bars are refreshed and not missing any data;

3. Apply the QCS template to a non Sunday candle data feed and trade this setup from your own preferred broker; or

4. Use a broker with a 5pm EST NY close data feed.

Note that a valid Quad is only a small part of taking the trade meaning all other analysis must be performed prior to trade engagement such that confluence is attained.

My preference is #4.

Masterrmind.........
Master your Mind then Master your Trades
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