Quad Candle System

Short GA.

Risky but let's take a chance.

Masterrmind .........

Taken out by the previous entries.

Masterrmind ........

Now short quads on AUDUSD and GBPUSD.

Let's see if a recovery of current DD can be made.

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

AUDUSD short now moved to BE+pips.

GBPUSD short still in action albeit in a little DD currently.

Based on favorable movement additional entries may be added.

Updates will be posted here.

Good trading,

Masterrmind ........

Incredibly large number of Quad Patterns forming.

I'll be looking to get into several more trades tomorrow if current direction on the D1 TF holds till close.

Masterrmind ........

Yes, XAUUSD was a good one.
Sweet! Dropping nicely on a QUAD setup

Hi. I found your post Quad Candle System interesting to me. I would like to know and understand this strategy more. You may have a video as a tutorial guide. It interests me very much

Certainly a video would make the verbosity much less.

I will make a video but it won't be until time frees up for me so several months away at this stage.

I'm very busy currently managing multiple accounts but I will produce a video.

In the meantime please peruse Post 1 and ask questions.

I'm always happy to help out the hard working traders.

Good trading,

Masterrmind ........

Yes quite a few Quads but several didn't materialize.

In any case, I'm looking at CADCHF as a possible long setup off a decent support level, but I will enter it at half the recommended starting volume due in part to the fact that CAD related pairs can be nasty.

There might be another one worth a go at also but I will update in the next post which entries I have added.

Masterrmind ........

Now long CADCHF at half recommended volume.

Masterrmind ........

CADCHF

Now locked in at BE+pips to remove risk.

Free ride.

Masterrmind .........

All 3 entries now locked in at BE+pips.

No additional positions have been added per symbol.

I will look to add volume later on depending on progress.

Recall the rule ... only add in after first trade has moved at least 2 Octives in the favored direction, of course additional entries can be made once trade is locked in at BE+pips but too soon risks being knocked out of that trade.

Good trading,

Masterrmind ........

Taken out of CADCHF position for a small gain after huge reversal ... pays to trail your stops on these CAD pairs.

AUDUSD and GBPUSD positions still powering on.

Masterrmind ........

AUDUSD and GBPUSD trades now closed.

Account is now back in the black after recovering from previous DD.

Onward and upward.

Masterrmind ..........

Good Recovery MM!!

Thanks Koop.

Only talking about very low relative DD here but nice to see just a few trades at very low volume effect a full recovery on the account.

The first 2 months were both in slight DD but it's great to be back up above invested capital once again.

I'll start the next cycle of trades in the new month.

Masterrmind .........

Regular deposit has been made to the trading account.

New month means new opportunities.

Let's get busy.

Masterrmind .........

I'll be looking to take the following entries on Monday.

Quad Long on GBPNZD

Quad Short on AUDCAD

These may be traded at a very similar time, ie as an opposite Quad Pairing.

Current Equity is $4011.71 with no open positions.

Volume sizing (main currency pairs) according to Post 1 is:

4K Equity (Max Lot Size = 0.40)
Trade 1 @ 0.04
Trade 2 @ 0.08
Trade 3 @ 0.12
Trade 4 @ 0.16
Trade 5 @ 0.20
Tot. Volume = (0.04 + 0.08 + 0.12 + 0.16 + 0.20) = 0.60 (1.5* Max Lot Size).

Maximum Open Volume across all trades is 0.60 lots.
Maximum Volume on an individual trade is 0.40 lots.

This suggests that for the current equity level a single trade of 0.40 lots could be used in combination with a 0.20 lot entry or any other combination such as:

0.40/0.10/0.10
0.40/0.010/0.05/0.05
0.40/0.05/0.05/0.05/0.05

or any other volume combination that does not exceed Max Lot Size which is 0.60 lots in this case.

It is rare that I use max lot size on a single position although I have done it once on this account where in order to satisfy a QCS setup and risk settings I dropped down to a lower TF and traded on an M30 chart in line with the D1 bias of a currently traded symbol.

Depending on account progress I may very well trade more of these lower TF Quads if I think greater trade frequency is required or DD recovery is needed.

Further, traders need to ensure that when applying correct stop levels based on minimum 1 Octive Gap to a maximum of 2 Octive Gaps that the trade setup satisfies the risk guidelines.

In my case (and other traders risk tolerance levels may be different), the current risk settings are as follows:

Assigned Risk Per Trade ARPT (Max.): 5%
Assigned Risk Per Account ARPA (Max.): 15%
Drawdown (Max DD): 30%
Peak To Trough (Equity Max.): 30%

It is important to understand that these risk settings may be modified slightly at some stage in the future. The reason for such a change could be due to extended periods of DD, major market changes, higher equity levels or other factors.

In the situation where equity levels have increased, I may reduce risk parameters slightly, in particular the ARPT, meaning the max risk per trade may reduce from current value of 5% down to say 4% or 3% and this reducing process will take on a staged approach based on both the equity level and drawdown profile of the trading account.

Understanding how both position size and risk align is a critical part of trading efficiently in the QCS method.

Good trading,

Masterrmind .........

Note that due to other trading commitments and other reasons I have not been posting annotated charts with full setups.

The trading account is MT5 which is the reason why no TE is provided since FF does not currently support this platform.

All my trades are available via the FXBlu link in Post 1.

As time frees up I plan to be very active in this thread.

Best wishes to all those traders applying the QCS techniques, it is a great system.

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

Both AUDCAD and GBPNZD have now been entered.

Volume applied is half recommended.

Masterrmind ........