Quad Candle System

Hello,
As far as I understand Quad Indi MT4 is not avaible to download?

I found your thread while researching T Hennig Murrey and Murrey Math lines. Can you tell if he is still active as his web page is not responding? I like your set ups using his system. If Any one could help it would be appreciated.

hi mistermind i have read your whole post and i am very interested in using the four candles strategy. I have seen, however, that there is no more material to apply it. how could I do?

mastermind, are you still trading this system?

In the coming few months I am looking to start another trading account applying the Quad Candle System.

A basic QCS zip folder will be provided.

Note that of the previous 2 trading accounts shown to apply this strategy both were successful !

I look forward to getting this thread back into full swing again since the QCS methodology had plenty to offer.

It's likely that the MT5 platform will be used which unfortunately means no visible TE because they still cannot link to an MT5 trading account.

In any case I will provide a myfxbook link in Post 1.

This new account will apply a few more techniques and include regular deposits so get ready for an interesting time ahead.

Masterrmind .......

September 2021

New account will be started trading the Quad Candle System applying regular deposits.

Start capital undecided at this stage but will be elaborated on at a later time.

Basic QCS system zip folder will be provided in Post 1.

Good trading,

Masterrmind .........

Secret fiber indicators provide mismatched signals. Did you find out what the problem is?

I have uploaded QCS_D1_Basic_MT4 zip folder to Post 1.

The folder contains the 'basic' indicators and a template for the Quad Candle System.

Traders using it should understand that a D1 TF must only be used.

I have set an expiry for the indicators for the end of 2021.

As mentioned previously I will start a new account (MT5) and trade QCS using a regular deposit approach.

Start date will be around 1st or 2nd September, 2021.

I'm looking forward to continuing the QCS journey since all previous accounts have been successful.

It is my hope that like-minded traders will join in and trade the journey with me.

I highly recommend that interested traders read Post 1 several times and ask any questions regarding their knowledge gaps so I can address them.

Good trading,

Masterrmind .........

MT5 account is now ready.

Start capital: AUD$1000.

Regular deposits in increments of 1000.

Lot sizing will follow guidelines in Post 1.

As deposits are added to account equity the volumes per trade and across the account may increase in line with QCS risk guidelines.

Initial setups will be from the 28 main currency pairs plus Gold and Silver.

As equity builds some indices may also be traded such as US30, Dax and AUS200.

I will post a basic risk plan/outline for this account such as max risk per trade, max risk per account and desired drawdown (including how I will calculate the DD).

Trading most likely will get under way start of next week but could be sooner.

When links to the accounts analytics become available I will post them in Post 1.

I notice that multiple downloads of the trading tools have already taken place. Any issues please let me know.

Good trading,

Masterrmind ..........

Risk Parameters for the New MT5 Trading Account

Start Capital: $AUD1000

Regular Deposits: AUD$1000

Symbols: 28 main currency pairs plus Gold + Silver (as equity increases other symbols including Indices may be traded)

Assigned Risk Per Trade (ARPT) (Max.): 3%

Assigned Risk Per Account (ARPA) (Max.): 15%

Drawdown (Max DD): 30%

Peak To Trough (Equity Max.): 30%


Lot sizing parameters

If Equity >= $1000 && <$2000 then Max Lot Size = 0.10 lots --> recommended [0.01 to 0.05]

1K Equity (Max Lot Size = 0.10)
Trade 1 @ 0.01
Trade 2 @ 0.02
Trade 3 @ 0.03
Trade 4 @ 0.04
Trade 5 @ 0.05
Tot. Volume = (0.01 + 0.02 + 0.03 + 0.04 + 0.05) = 0.15 (1.5* Max Lot Size).

The regular deposits made will mean that lot sizing will follow the next higher tier.

For example, the account starts at 1K but a 1K regular deposit will have it sitting in the 2K-3K lot sizing tier provided that account equity matches, meaning there is no significant DD at the time.

Traders should understand that the QCS methodology is best suited to 'larger'account sizes because the trade duration is often long trading from a D1 TF.

Nevertheless, as I have shown in the previous real accounts a gain of 35%-45% in less than a 12 month period is easily achievable.

Lets use a 40% gain as an example to show its meaning for larger account sizes.

On a $1000 account a 40% gain is $400.
On a $10 000 account a 40% gain is $4000.
On a $100 000 account a 40% gain is $40 000.
On a $1 000 000 account a 40% gain is $400 000.

Making an annual gain that matches up to some of the top hedge funds is not to be sneezed at !

However, we need to look at the risk involved especially the drawdown on the account.

Ultimately, we seek low single digit DD and high double digit gains.

The previous accounts showed double digit DD (~16%-19%) for double digit gains(~36%-41%) so there is work to do with respect to DD.

Looking forward to getting this account underway to see how well it performs.

ps. MT5 account analytics link for FxBlue is available in Post 1.

Masterrmind...........

Gains required to recover from episodes of drawdown.

10% Loss requires 11% Gain to get back to BE
20% Loss requires 25% Gain to get back to BE
30% Loss requires 43% Gain to get back to BE

40% Loss requires 67% Gain to get back to BE
50% Loss requires 100% Gain to get back to BE
60% Loss requires 150% Gain to get back to BE

70% Loss requires 233% Gain to get back to BE
80% Loss requires 400% Gain to get back to BE
90% Loss requires 900% Gain to get back to BE

100% Loss means account is lost !


One reason why my Max allowable DD is set at 30% is because the account can be recovered from this lower level, but more importantly beyond this point the recovery is much much more difficult and time consuming.

Keep in mind that on previous accounts gains of about 40% took close to 12 months to reach (some were less than 12 months) and the idea here is not get into such a DD level mainly because of the time involved in recovering the account.

DD levels in past accounts trading QCS have been around 16%-19% and on the new account although I don't want to get into serious DD I have strategies that will be implemented if the account ever hits 20%.

We never know exactly when an episode of DD is coming nor the magnitude of it but at least we can control the ARPT and the ARPA (refer Post 1).

I decided on an ARPT of 3% (Maximum) and an ARPA of 15% (Maximum) for this new account mainly because it is a small 1K account and my risk tolerance allows for such values.

Had I started with a larger $100K account then most likely lower ARPT and ARPA values would have been assigned.

Should the $1K account reach much higher levels of equity it is possible that lower ARPT and ARPA values will be assigned.

Keep in mind that the accounts equity will grow quite rapidly at the start when regular deposits are made.

For example, regular deposits will be $1000 so within a month the account equity will double to 2K, then 3K then 4K then 5K and so on.

I have not assigned a DL level (Dream Level) to this account yet because I want to see how it performs over the first 3 months of trading.
Then after 3 months I'll analyze the trading performance and assign an appropriate DL value.

Recall from Post 1 that a DL value equates to a compounded MoM % gain to reach a major milestone in a known period of time.

Starting with 1K (regular deposits) at X%/month will reach $1Million in X years.

Minor Milestone along the way is the $10K target which is quite easy to achieve based on a regular deposit strategy so its the big 1M that is the real longer term target.

More to come later.

Masterrmind..............

Not many great setups jumping out of the charts.

I'll have another look tomorrow and see if I can get this new account started with a reasonable longer term setup.

Masterrmind .........

Now long GBPNZD [D1 :: P64]
Masterrmind...........

Now short NZDJPY [D1 :: P64]
Masterrmind.............

1 sell stop order placed on NJ.

1 buy stop order placed on GN.

Masterrmind ........

Trade details can be found via FXBlue analytics link in Post 1.

Traders who have read Post 1 should know where the next orders are placed pending favorable trade progress.

2 OG minimum before next entry.

SL min 1 OG to Max 2 OG's.

Be mindful of placing too many pending orders at the same or similar time ... black swan or similar event will humble you rather quickly.

Good trading,

Masterrmind ........

Buy Stop and Sell Stop orders have triggered.

Based on favorable movement of price I will now look to set another Buy Stop and Sell Stop order on the 2 current pairs (GN and NJ).

Masterrmind .........

Pending Orders.

Whilst pending orders are useful in a multi trade setup I strongly recommend that traders resist the temptation to place too many too soon.

Trading on the D1 TF using the QCS methodology across the major currency pairs has OG's spaced at least 61 pips apart and 122 pips commonly (sometimes less than 61 pips on consolidating turtle pairs) so we generally have plenty of time to manage our setups without the need to be aggressive with pending orders.

The negative as regards to setting too many pending orders is that in the event a black swan or flash crash occurs these orders can all be triggered and sometimes almost immediately stopped out. In short it can be highly damaging to an otherwise nicely progressing account.

In general have no more than 1 pending order set per symbol and think about deleting that order if it hasn't triggered by end of the trading week (gapping issues).

If you leave a string of pending orders set then you must accept the risk that this entails, sometimes I leave them in place but it is potentially risky. A better approach might be to delete the orders prior to week end and then set them again start of new trading week.

Good trading,

Masterrmind ........

NZDJPY

Sell Stop order set.

Masterrmind ........

GBPNZD trade moved to BE+ pips.

Buy Stop order set.

Masterrmind ........