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Quad Candle System

  • #4,261
  • Apr 1, 2020 7:48pm Apr 1, 2020 7:48pm
Have closed all trades. DD stands at -3.2% from peak equity.
Vincit qui se vincit.
  • #4,262
  • Apr 4, 2020 1:05am Apr 4, 2020 1:05am
Quoting Pippopotamus
Have closed all trades. DD stands at -3.2% from peak equity.
A great result and sooner rather than later your Equity Curve will be back above the peak.

Masterrmind..............
Master your Mind then Master your Trades
  • #4,263
  • Apr 4, 2020 1:16am Apr 4, 2020 1:16am
Trading Tools may very well only be provided to the active participants of this thread.

Check Post 1 where zip downloads have exceeded 600 since Jan 1 and yet I could count the active posters on one hand.

Active guys and girls you all know who you are, I will make available access to my QCS Trading Tools for those keen.

Unfortunately many others may very well miss out.

Not such a drama since a candle chart is all that is needed.

Nevertheless, the tools do provide a greatly reduced amount of time spent on searching for opportunities.

The Quad Candle Dashboard is one such tool that expedites the process but it will only be provided to a select few.

ps. plenty of development is currently underway!

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #4,264
  • Apr 6, 2020 6:48pm Apr 6, 2020 6:48pm
Does your system works well on stocks...(silly question) and commodities?
Happily Married to MY College Sweet Heart!
  • #4,265
  • Apr 6, 2020 6:54pm Apr 6, 2020 6:54pm
Hi Masterrmind,
I loaded your system up but it was coded NOT to work...OH well
Happily Married to MY College Sweet Heart!
  • #4,266
  • Apr 7, 2020 7:19am Apr 7, 2020 7:19am
Quoting Jeff59FX
Does your system works well on stocks...(silly question) and commodities?
Hi Jeff59FX,

Have not seen you around here for awhile.

System can be applied to any Symbol in any market.

However, I would need to run it across let's say all the indices to ensure that values shown in terms of risk etc are accurate, this would also apply to commodities.

Masterrmind.......
Master your Mind then Master your Trades
  • #4,267
  • Apr 7, 2020 7:22am Apr 7, 2020 7:22am
Quoting Jeff59FX
Hi Masterrmind, I loaded your system up but it was coded NOT to work...OH well
System use has expired.

Participation not where it should be so trading tools will only be provided to the active guys and gals of this thread.

I will post charts from time to time or as requested showing potential setups by the system.

Good trading,

Masterrmind.......
Master your Mind then Master your Trades
  • #4,268
  • Apr 7, 2020 7:24am Apr 7, 2020 7:24am
Quad Candle System Master 1K.

GN cycle commenced.

Initial risk about 2.15%.

Masterrmind.......
Master your Mind then Master your Trades
  • #4,269
  • Apr 10, 2020 1:36am Apr 10, 2020 1:36am
Quoting Masterrmind
Quad Candle System Master 1K. GN cycle commenced. Initial risk about 2.15%. Masterrmind.......
Trade now locked in at > BE+100 pips.

May close out trade later today due in part to it being a long weekend.

Masterrmind.......
Master your Mind then Master your Trades
  • #4,270
  • Apr 12, 2020 7:45am Apr 12, 2020 7:45am
Quoting MrGreen95
{quote} XAU/USD m15
Have you performed a manual study of the Gold [M15] chart posted earlier ?

Masterrmind............
Master your Mind then Master your Trades
  • #4,271
  • Apr 12, 2020 7:56am Apr 12, 2020 7:56am
Food for thought !

XAUEUR [D1 :: P64]

Would a short be possible from the MOTF Upper Extreme Zone ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 20 KB

How might the market react in the coming week ?

Risk on/Risk off ?

Masterrmind............
Master your Mind then Master your Trades
  • #4,272
  • Apr 12, 2020 9:31am Apr 12, 2020 9:31am
Hey Masterrmind,

long time ago I stumbled upon your thread which caught my attention but until lately I never had the time to investigeate further in that matter. This is probably the only positive effect of the ongoing crisis
In the following days I plan to look into all the stuff you provided here and I really hope I can keep up with it. I hope you dont mind me posting some charts of setups in the future that I consider to be valid (Quad-pattern).

Thank you for all your efforts,
Meerrettich
  • #4,273
  • Apr 13, 2020 4:56am Apr 13, 2020 4:56am
Quoting Meerrettich
Hey Masterrmind, long time ago I stumbled upon your thread which caught my attention but until lately I never had the time to investigeate further in that matter. This is probably the only positive effect of the ongoing crisis In the following days I plan to look into all the stuff you provided here and I really hope I can keep up with it. I hope you dont mind me posting some charts of setups in the future that I consider to be valid (Quad-pattern). Thank you for all your efforts, Meerrettich
Welcome.

Post 1 you should read several times.

Any questions please ask away and I'll be more than happy to assist.

Good trading,

Masterrmind........
Master your Mind then Master your Trades
  • #4,274
  • Apr 14, 2020 8:39am Apr 14, 2020 8:39am
Quad Candle Dashboard [D1 TF]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB

Masterrmind..............
Master your Mind then Master your Trades
  • #4,275
  • Apr 14, 2020 8:54am Apr 14, 2020 8:54am
Quoting Masterrmind
Quad Candle Dashboard [D1 TF] {image} Masterrmind..............
A few potential setups (3 by Quads and an Octive) however, I'm not too keen on making an entry into any of these at the moment.

Sidelines for me.

I'll post a screenshot of the dash setups tomorrow.

Until then take care.

Masterrmind...............
Master your Mind then Master your Trades
  • #4,276
  • Apr 14, 2020 11:35pm Apr 14, 2020 11:35pm
Quoting Masterrmind
Trading Tools may very well only be provided to the active participants of this thread. Check Post 1 where zip downloads have exceeded 600 since Jan 1 and yet I could count the active posters on one hand. Active guys and girls you all know who you are, I will make available access to my QCS Trading Tools for those keen. Unfortunately many others may very well miss out. Not such a drama since a candle chart is all that is needed. Nevertheless, the tools do provide a greatly reduced amount of time spent on searching for opportunities. The Quad Candle...
i am a big fan of dashboards,this looks very interesting,wish to have it.
  • #4,277
  • Apr 15, 2020 12:02am Apr 15, 2020 12:02am
Quoting T4Trade
{quote} i am a big fan of dashboards,this looks very interesting,wish to have it.
Well on the way to being a fully operational Expert Advisor in both MT4/MT5 .......

I'll post some screenshots at the appropriate time.

Masterrmind.........
Master your Mind then Master your Trades
  • #4,278
  • Apr 15, 2020 4:31am Apr 15, 2020 4:31am
I'm sorry if this was treated before but I couldn't find anything concerning the size of the candles/ratio of the candles within the quad setup. In some of the setups you have posted there were engulfing bars, doji and so on, so I assume it doesn't matter too much ?

Please take a look at the current EUR/NZD chart which I consider to be a valid quad pattern to buy. Would you trade this one? (despite the fact that the first candle of the pattern is a doji and if the current D1 candle doesn't change too much)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB


Thank you very much,
Meerrettich
  • #4,279
  • Apr 15, 2020 7:25am Apr 15, 2020 7:25am
Quoting Meerrettich
I'm sorry if this was treated before but I couldn't find anything concerning the size of the candles/ratio of the candles within the quad setup. In some of the setups you have posted there were engulfing bars, doji and so on, so I assume it doesn't matter too much ? Please take a look at the current EUR/NZD chart which I consider to be a valid quad pattern to buy. Would you trade this one? (despite the fact that the first candle of the pattern is a doji and if the current D1 candle doesn't change too much) {image} Thank you very much, Meerrettich...
Unfortunately my broker's data does not show this as a valid Quad Pattern so I would not trade it based on the QCS methodology.

Always ensure that your data is refreshed and is valid otherwise your Quads will be invalid.

If you are satisfied with your broker's data then you need to make the decision to accept or reject the setup.

I have not elaborated much about the quality of a Quad and which ones are better than others on average except to mention that not all Quads are created equal ... some are not worth the risk.

This is an exercise that I have left to the student ... perform a study of Quad Patterns over historical data and form an opinion as to which ones might offer better opportunities on average.

This study might be challenging since the 4 by D1 candles rarely repeat exactly the same so I suggest that a focus of the candle ranges within the Quad cluster is part of the secret.

If you have trouble let me know and I will post a few charts to help you get started.

Do not forget that on a D1 Quad setup the trading day will be on the next day after the Quad Pattern completes.

Entries within the Quad Setup candles are not valid.

Fundamentally, a long EN looks ok.

Map out your anticipated SL, Entry and Target(s).

Once you get the Quads sorted out you might need the superior filter namely, the Master Octive Trading Frame but access will depend on your participation within this thread.

You have started the journey, now keep going.

Masterrmind.........
Master your Mind then Master your Trades
  • #4,280
  • Edited 12:06pm Apr 16, 2020 11:50am | Edited 12:06pm
Quoting Masterrmind
{quote} Unfortunately my broker's data does not show this as a valid Quad Pattern so I would not trade it based on the QCS methodology. Always ensure that your data is refreshed and is valid otherwise your Quads will be invalid. If you are satisfied with your broker's data then you need to make the decision to accept or reject the setup. I have not elaborated much about the quality of a Quad and which ones are better than others on average except to mention that not all Quads are created equal ... some are not worth the risk. This is an exercise...
As you suggested I spent some time looking at the last few years of some of the majors in order to find quad patterns that would have led to succesfull trade setups.
To my surprise it seems as if the quality of a setup does not depend too much on the actual form of the candles but rather on the relative position of the occuring pattern in relation to PA (I believe this is what the Octive Zones are all about).

The only disadvantage I could spot, for instance when a candle of the setup is engulfing the entire pattern, you may lose some pips because of candle size and accordingly your SL would be wider. On the other hand these patterns offer the possibility of a retracement on the trading day but this is already covered by your introdution post.

In general I noticed that patterns occuring within a ranging market/around the pivot center of PA tend to only offer 50-100 pip possibilities while patterns within the more extreme zones offer trades that may result in a few hundred pips.



In continuation to my post earlier (EUR/NZD):
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB

(Sorrry, the fib level may be hard to read)

  1. Entry based on the fib retracement level. So in this case I would have placed a limit buy at the 50.0 fib level of the last candle of the quad-pattern

  1. SL as you described in your first post just under the quad pattern which in this case appears to be the swing low. So SL would be swing low + 20 pips.

  1. TP: Since the distance from trade entry and SL is approximatly 300 pips and the min R:R should be at least 1:1 my target would be at least the 161.8 fib level, preferably higher

Sadly a pullback to the 50.0 fib level did not happen until this point, so the trade would not have triggered. The entry at the current price level (or anything over the 50.0 fib level) would be a little too late in my eyes since it would not meet the R:R minimum criteria. Maybe I should set my target higher with a better R:R.

Until this point, I still have to go through your money management criteria (additional entries, trailing stops etc.) in more detail, so this is just the basics of the first entry that I would take.

Meerrettich

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