Quantum London Trading

Hi mer
Happy to read you again.
Thx for this new strategy.
Maybe to avoid too many trades would be to use higher TF M5 or M15 ?

Those boxes are working well with ABCD pattern.

http://prntscr.com/7zk04p
http://prntscr.com/7zk0eq
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on 15 minutes fail to enter correct

1 minute http://prntscr.com/7zk1uh
http://prntscr.com/7zk1z3
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Hi all

To me at first glance the indicator suggests it could be better to buy the red boxes and sell the blue boxes.
Starting off with higher lot sizes and reducing lot size incrementally, and say taking profit at every 5th box generated, which would mean there are a maximum of 5 lots in play at any time. Box runs seem to last long enough on average to make this possible, and extraordinary runs as posted would seem to me to provide a good opportunity to make it viable.

I haven't tested this yet but it looks plausible to me....advantages are

a) negligible dd because we are trading with trend
b) profits taken regularly thereby subsidizing further subsequent orders
c) less stress

I don't want to detract from the thread starters intentions, but just thought it worthwhile to look at the alternatives that's all.

Feel free to comment

LL

agree with that and i make some tests on 15 min .added two pending orders for the weekend.

It's designed to work on 1 minute chart as per original post, not 15 minute.

For the 1 minute screenshots, can you show me your EA settings? - Looks like it is due to your start and end times.

Vlad

It doesnt matter what start/end hours are as i test it even 24 hours and same is missing entries as you see in one screenshot above on M1 chart.
I will stop here with this because i consider gentle is to ask permission first to mer07 to develop an EA based on his strategy and go on testing here on his thread.

You are correct, I will delete EA

Thanks for sharing.
In my MT4, the small box displayed as " Ú ". What kind of windows-font I am missing here?
Thanks for help!

Yeah I agree, 5 min tf could maybe be used or keep it on the 1 min and treat it as a grid trader. So for example, you would take the first entry per rules, then if the 2nd, 3rd, and 4th entries are all within 10 pips of the first you skip those. The 5th entry is now say 12 pips away from the first entry so you take that one and so on. I looked into it a little bit and it seems like it would work pretty well if say, I didn't want to open 10,15,20 trades rather it would only be 1-5 entries. There's a downside to that though, the profit would be smaller as well since not as many trades are entered. But for those that are concerned about opening a ton of entries, it's a slightly different approach. Btw, take a look at 7/22 on the 1 min and 5 min. The 5 min doesn't give you the same exit the 1 min does, so I think staying with the 1 min and using a grid approach may work better. Mer07, I'm not trying to change your method, just exploring other avenues. Sorry if I'm distracting, and if so, please let me know.

Hi, are you quite sure that it is 5 am GMT, not 4 am. While comparing your charts with mine, it seemed to me that it is 4 am GMT. I do not know in what time zone your broker is working but during summer the difference with GMT can be 3 hours instead of 2.

That's because it's BST here in UK at the moment.

Hi mer...,

Looks interesting.

My idea to avoid long runs that could lead to unfavorable draw downs, is to skip few boxes, by not taking a new entry unless the box is at lease x pips lower/higher than last trade price.

Thanks for sharing,

Khalil

Hey Gangs,

This is not my system but I am simply offering my opinion because I wanted this system to work. There
are so many flaws in this system, but they can easily be fixed if we take everything in consideration....

First and foremost, DO NOT BLINDLY TRADE or place your first position the moment you see a Blue Box or Red Box

Second, You need to pay attention about NEWS Event the moment you open your Chart ( since we are going to trade
GBP/USD only, make sure there are no UK news or if any, wait after the news to start Trading...)

Third, Sometimes, you will have to close all your positions during New York Session (Be prepared to be UP for a long ass time.)

Let's get started:

- Your very first Blue BOX is an indication of Price Action going DOWN ( If you don't believe me, do your own research )
Now, YOU are purposely placing Buy Trades, and hoping that the market will reverse someday to start seeing profits.

Think about it, if you know that you are going against the Trend, why not place trades with the Trend and avoid STRESS?

It would be too easy to answer that question; to be honest with you, this is not the purpose of this System....Clearly, this
system is designed to give you as much opportunities as possible within a short period of time every single day....The Boxes
are there to provide Entry Points for long trades or short trades....

Every day, you are going to see different amount of boxes, maybe 3, 15, 20, 75 or 100(why not?)...As a trader, you have to
be patient and wait until the last Blue Box Shows....The last Blue BOX is an indication of Price Action going to the Upside...

This is where you start placing your First LONG TRADE....

Your first Trade is going to be a Buy Market Order, and the rest of them are going to be Buy Pending Orders.... In order words,
your last Blue BOX is going to be your FIRST TRADE, and the First Blue BOX is going to be your Last Pending Buy Trades.....

Exit Trades: You close all your trades at the Last RED BOX or if there's none, close them all during the end of New York Session.


****** BTW, SHORT TRADES WORK the same way, just the Opposite of this information above.


Remark:

I am not trying to be Arrogant or disrespectful to the Owner of this system "MER071898"...I just feel like some people are going
to blame the owner when they see BIG Losses....Instead of using 1 standard Lot, you might as well split it in many pieces to control
your emotions or just follow the rules like Between Trade 1 and 12 at 0.01 Lot / Trade 13 and 21 at 0.02 Lot.
Anyway, I just wanted to offer my opinion and allow other traders to have a different perspective about this system.......


SOME EXAMPLES:








Random Examples:







Most Importantly (London Session Technique):

Between 2am EST- 5am EST, the Market will create a New High or a New Low (It's crucial to Identify it )

Between 8am EST - 2pm EST, the Market will create a New Low or a New High (It's Crucial to Identify it)

So you always know which box will be the last one???

The problem with this method though is which is the last blue box? Might be box 7, 23, 44, etc.....

***BTW, there's a scalper that has a system where he trades opposite the zig-zag indi as soon as the first one appears because the indi is almost always early on the first print. So on the first blue box, look to go short for a scalp.

Of course, I asked myself the same question....Which one is the last Blue Box?....This is why I used Trend line
and Counter-Trend line to determine the Last Blue Box....

You need to pay attention to all my details and understand that I am not trying to change the concept of that
system. I am simply telling traders that your first blue box is the beginning or the end of a trend, and the last blue box is the end or the beginning
of a Correction....It's all about Market Structure and Enjoy that simple System.

Thanks to Mer071898, now I can easily trade the 1MTF with no sweat.

The last thing you want to do is to change the Color of the boxes or go on the Opposite whenever you see the first blue Box. Guess what?
Nobody is stopping anybody from doing that mate.

Thanks for your INPUT, and I really appreciate that.

SHORT Example on Friday, July 31st, 2015



LONG Example on Friday, July 31st, 2015

Attached Image (click to enlarge)

Note:

If you decided to go Short on the Blue Box on that example above, all your trades would be
losers whenever the first Red Box Shows....There's no reason to re-invent the wheel gangs, let the system
be for what it is.

It's not going to be 100% for sure, but if you use Trend Line and Counter-Trend Line, you will get the most
out of it, and most likely will determine the Last Box.....

In this case, backtesting is not going to do you any good...It's best to Forward testing it...I have done it last Friday
and this is why I came up with a solution so quickly.

Sorry, but at least your exit strategy is useless. You cannot know which is the last box, and even if you put trend lines in, the price has already moved. Your pictures are weird.