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Quantum London Trading

  • #601
  • Aug 17, 2015 8:43am Aug 17, 2015 8:43am
Quoting olvus
{quote} This is a very good strategy but it is for large accounts - from 10 000 and above. I still can not afford such an account as well as probably 90 percent of the readers of this forum. With 1000 bucks there is nothing to do here. But I think we can try to reduce the number of signals, it will increase the size of the order - from 0.01 to 0.05 or even 0.1 - so no more 10-15 orders per once. So 1-1,5 lot per once. So I will to try set Quantum indi to 1500 instead of 325. Any suggestions?
Hy Olvus, i also have a small acc and i set my quantum setting to 1500 and i look at the 5m to 30m t/f. My lot sizes depend on up-coming news, etc but i think its a great strategy but the key is to minimise the number of entries. Truth be told, - entry signals, use 1500 setting on quantum and exit signals rely on 325 setting. REstrict trade to FF and LO, as per Mer suggestion. trading afterwards and your fingers get burnt. (talking from experience)

From the two diagrams below you can see that you could have potentially made 70+ pips on all trades.
i wonder if an EA could be scripted to do this. i hope this helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd, m5.png Size: 28 KB
Click to Enlarge Name: gbpusd,m.png Size: 75 KB
Without God we are nothing
  • #602
  • Aug 17, 2015 8:46am Aug 17, 2015 8:46am
Hi all,

Well yesterday was quite eventful, so apologies to mer for any disturbances to his thread.

Before I continue from where I left off yesterday, I've had a few pms. with sensible questions, which I'll do my best to answer.

The main and prob most valid question was, that scrolling back and forth affects the scale and the position of the indicators in relation to the OB/OS levels and what can be done about that to fix it.
:
That problem happens with a lot of indicators, and in my case I have used Ultimate and the OB/OS zones in my trading for a long time now, and that issue also occurred.

For trading I simply use 3 click zoom level as my standard, but for posting for images I may zoom in more or less depending what I want to describe. I don't know of a permanent fix, but that works well enough for me.

The chart that I would be looking at is going to be live in any case, so there are no future candles at that point to change that current view, and thus the OB/OS rules that I use still come into play. I do accept however that scrolling prevents easy visual back testing, but I'm afraid I don't know of a solution to that other than the way I do it.

The next question concerned the Ultimate or VQ indicator whichever you prefer:

The question was about whether the Ultimate needed to be in the OB/OS zone along with the Quantum. The zones are our primary guide to get the heads up whether to buy or sell, but we do not enter until a yellow filled square is inside a zone. The Ultimate is usually also in that zone at the same time actually, but tbh, the oscillator could well be redundant now that we have the Quantum in the lower window.

The next post will show this a bit more clearly I hope.

LL
  • #603
  • Aug 17, 2015 9:02am Aug 17, 2015 9:02am
Quoting olvus
{quote} This is a very good strategy but it is for large accounts - from 10 000 and above. I still can not afford such an account as well as probably 90 percent of the readers of this forum. With 1000 bucks there is nothing to do here. But I think we can try to reduce the number of signals, it will increase the size of the order - from 0.01 to 0.05 or even 0.1 - so no more 10-15 orders per once. So 1-1,5 lot per once. So I will to try set Quantum indi to 1500 instead of 325. Any suggestions?
Hy Olvus,

I understand what you are saying. Even with a small account of let just say 1000 bucks, you can still make some Money. It will not be big, but with time you will increase your profits and with this comes the increase in lot size. You have to master this strategy and your trading style. Trading forex is not a get rich quick thing, you have to give it time and be patient. The longer you are doing this trading forex, the more you will incorporate this trading style into yours. I myself trade a couple of different trading styles (multiple strategies) while trading.

Good Luck in your trading.

D.
  • #604
  • Aug 17, 2015 9:19am Aug 17, 2015 9:19am
Yesterday, I briefly mentioned that candles serve no purpose to my trading at all, which is true, and in fact, a line chart isn't absolutely necessary either if I'm honest, but for now we'll keep it on the chart.

Small t'fs will perhaps benefit from candles to be fair, but with my strategy, the pre-ff start time doesnt' really enter the equation in my case, because we are trading a direct signal to enter a trade, which could occur at any time, as opposed to going in the wrong direction in anticipation of a LO retracement, which means tiny slices of time are meaningless with my approach, but nevertheless I do understand the necessity perhaps for m1 trading.

This first chart is of an m15 NU which no longer needs the grid, or the Ultimate and I've re-sized the windows to make better use of the space we now have. The chart details should be self explanatory, the 9 small blue vertical lines in the rectangle are potential add on trades as per the MACD SMA signals

The second chart I post will attempt to help deal with the scaling issue, via a further confirmation, and will follow the same pictorial format as per the Quantum.

Cheers

LL

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15-B.png Size: 17 KB
  • #605
  • Aug 17, 2015 9:33am Aug 17, 2015 9:33am
Looks, great. Glad you removed the VC I was having problems getting it to follow price closely. I always used the histro version on higher TF. Will start testing this thanks!
  • #606
  • Aug 17, 2015 9:59am Aug 17, 2015 9:59am
OK,

We are nearly done now, with one more chart to post. Tomorrow, I will post some live entries using the principles I've shown you.

Mer has been great in accepting the detailed approach, so thanks to him for allowing me to share it with you.

This last chart, again m15 NU is what I will be using for this Quantum based strategy.

It includes the kingpips indicator that was posted earlier on here, and appears to take the OB/OS issue into account, which made me think it could be pretty handy to help confirm the Quantum and in so doing draw an effective line in the sand when to buy or sell, which could also help the scaling issue, because we would only take those signals that were yellow filled boxes, ie scrolling back and forth should capture the filled boxes in both main and lower windows.

Not easy to explain, the image attached will say it much better.

I have 2 of them on my chart (just like Quantum), with period settings of 8 and 5, and -60 and 60, and of course parameters to suit the same square format as Quantum to maintain the same pictorial appearance. The systems we are sharing are all visual impact, so standardisation helps that imo.

Cheers

LL

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 19 KB
  • #607
  • Aug 17, 2015 10:02am Aug 17, 2015 10:02am
http://prntscr.com/85nqze

End of day, 431 pip

Back tomorrow with more screenshots.
  • #608
  • Aug 17, 2015 10:03am Aug 17, 2015 10:03am
Looks good LL.
  • #609
  • Edited 12:02pm Aug 17, 2015 11:00am | Edited 12:02pm
You lost me on kingpip mods. I am in Sales, coding is a language I dont get.
  • #610
  • Aug 17, 2015 12:13pm Aug 17, 2015 12:13pm
Quoting rodjohnson
{quote} Dear, My picture is little difference with your, how about your seeting . :-)
325, but remember, different brokers will show different results as well.
  • #611
  • Aug 17, 2015 12:14pm Aug 17, 2015 12:14pm
Quoting armyda
{quote} I mer a question quantum set 300? and...quantum what means? is an quantistic indicator? thanks
It's at 325, it's a modified ZigZag, read the thread fully, it's already been explained guys.
  • #612
  • Aug 17, 2015 12:16pm Aug 17, 2015 12:16pm
Quoting n8bizz
I start trading at 8:00 ( yellow line ) red boxes to go short. Now im waiting for the green box to close the hole trade. I have the standard settings 325. {image}
I think your start time in way too late, you should be starting several hours sooner (at 06:00 am) than what you are showing.
  • #613
  • Aug 17, 2015 12:19pm Aug 17, 2015 12:19pm
Quoting OctaveJay509
I wanted to combine my Technique with Mers' System..... No need to explain anything, it's all on the Screenshot and I offered my opinion before on previous posts. {image}
Great job, I hope it works out. Test, test, test, that's all I can say.
  • #614
  • Aug 17, 2015 12:22pm Aug 17, 2015 12:22pm
Quoting Bomi
Hi All, Special thanks to Mer and all other traders who are helping each others. So far it is working beautifully. I just want to let you know that I have randomly checked on EU and GU M1 timing for last one month and if your target profit is 10 pips your success ration is between 85 to 90%. If you reduce your profit margin 5-pips your success ration will be 90 to 95%. This is what I have checked last Saturday and Sunday. if somebody can create EA which have above criteria may be we can test it out. This was my RANDOM test, so please test yourself...
Bring your idea over to the Platform Tech forum, there's already an EA in Development.

Quantum EA
  • #615
  • Aug 17, 2015 12:30pm Aug 17, 2015 12:30pm
Quoting SeaTheStars
{quote} Even with a 10K+ roll, you should probably not only trade this. As merc said, he also trades other stuff. This one system alone will not make you a lot of money compared to the bankroll, if you trade it like merc (that means only one series on G/U per day).
Exactly, this is only one part of of a larger portfolio of strategies. For those who do not have large account, I can only suggest starting with micro's and the highest leverage you can find. I blew out several small 1K account so don't get frustrated, sometimes lessons get learned the hard way at first. Just use discipline, and keep the emotions out of your trading.
  • #616
  • Aug 17, 2015 12:37pm Aug 17, 2015 12:37pm
Quoting Masterrmind
{quote} I would like to see you expand on your idea with screenshots as you are the only trader (at least who has posted to this thread) so far that has thought to add price action as a filter instead of lagging indicators. It might be interesting to explore over time on a GU chart the number and frequency of entries made to the market. Masterrmind.............
I don't believe on indicators but Quantum got my attention. Here is my screenshot for todays signals but for me I will take only those signal which I mentioned by arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 75 KB
Love for all; Hatred for none.
  • #617
  • Aug 17, 2015 2:36pm Aug 17, 2015 2:36pm
Hi LandLine
Hope you dont mind me asking but have downloaded all the indicators etc to get the charts looking like yours but cannot for the life of me get anywhere near what yours looks like in post 606, I know you dont like to but could you perhaps make an exception this once and post a template like the setup in post 606, if not I understand.
Many Thanks
Geoff
  • #618
  • Aug 17, 2015 3:45pm Aug 17, 2015 3:45pm
Quoting GEOFFREY62
Hi LandLine Hope you dont mind me asking but have downloaded all the indicators etc to get the charts looking like yours but cannot for the life of me get anywhere near what yours looks like in post 606, I know you dont like to but could you perhaps make an exception this once and post a template like the setup in post 606, if not I understand. Many Thanks Geoff
Hi G

Can you be a little more specific about what part you are struggling with, and then I can help you build it.

Cheers

LL
  • #619
  • Aug 17, 2015 4:23pm Aug 17, 2015 4:23pm
Quoting Landline
{quote} Hi G Can you be a little more specific about what part you are struggling with, and then I can help you build it. Cheers LL
Hi LL

Must admit mine looks nothing like yours either. Excuse my ignorance but I´m not brilliant on computers, are you putting all the indis onto one window and how do we get the shaded areas. I am playing around with it though.

Many thanks for your help and others on this forum
  • #620
  • Aug 17, 2015 4:25pm Aug 17, 2015 4:25pm
Quoting Landline
{quote} Hi G Can you be a little more specific about what part you are struggling with, and then I can help you build it. Cheers LL
not to flood the thread with same posts but im not getting my even remotely close to what you have either
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