Quantum London Trading | Page 62 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Quantum London Trading Custom EA 1,506 replies

Quantum 00 Level Daily Trading 137 replies

My Quantum London EA Journal 82 replies

Quantum Physics and trading forex 74 replies

Short Term Trading is Quantum Physics 55 replies

Attachments: Quantum London Trading
Exit Attachments

Quantum London Trading

  • #1,221
  • Edited 3:32am Aug 27, 2015 3:07am | Edited 3:32am
Quoting madscalp
{quote} Maybe could you warn this DD possibility CLEARLY in the 1st post ? If I understand, you have used 79 levels : it's not a strategy for anybody. Regards.
Every broker have risk disclosure. that should explain enough, this is from dukascopy, it should be bold.

General risks in FX, precious metals and CFD trading on margin:
Trading FX, precious metals and CFD on margin (i.e. using leverage) is not suitable for everyone. Investing in such instruments involves a high degree of risk of loss. Before trading on margin you should be aware of the risks involved due to the fluctuation in the value of such instruments' prices, which can cause fluctuations in the value of your investment. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risks. Large losses may be suffered within a relatively short period of time due to adverse market movements or to position build-up. Before deciding to enter into FX, precious metals or CFD trading on margin, you should carefully consider your investment objectives, level of experience, and risk appetite. You should only trade the portion of your own assets you are disposed and cannot afford to lose entirely: only your surplus funds should be placed at risk and if you do not have such surplus funds you should imperatively avoid engaging in margin trading. In case of doubts on the risks related to FX, precious metals and CFD trading on margin you should consult any independent financial advisor and request any necessary information.
  • #1,222
  • Aug 27, 2015 4:00am Aug 27, 2015 4:00am
Quoting mer071898
Here are the trades from this morning using the Aggressive lot sheet. Even with all the ugliness and drawdown, if you stayed with it using the Aggressive lot sheet, we pumped out this: Trade #1- -207 pips Trade #2- -206 pips Trade #3- -204 pips Trade #4= -205 pips Trade #5= -203 pips Trade #6= -197 pips Trade #7= -191 pips Trade #8= -191 pips Trade #9= -186 pips Trade #10= -186 pips Trade #11= -176 pips Trade #12= -171 pips Trade #13= -171 pips Trade #14= -170 pips Trade #15= -165 pips Trade #16= -166 pips Trade #17= -164 pips Trade #18= -155 pips...


What about spreads? even at a generous 2 pip spread that takes the score down to 2637 (26 pips in the real world) Late night spreads on GBP can go up to 6+.
  • #1,223
  • Aug 27, 2015 4:32am Aug 27, 2015 4:32am
Hi all

I haven't posted for a while, but it is clear that quite a few have felt the power of DD yesterday, which should not have surprised anyone, it really was always going to be just a matter of time, and these events remember occur roughly every 20 days or so (give or take).

Mer has NEVER hidden this from any of you, and therefore none of the complainants have anything to moan about!

The real point is if you are happy with a potential 10:1 risk to reward ratio, then Mers system is for you, it's as simple as that.

Most are clearly not, including me, which is the reason I and a few others with initiative, looked at ways to put the probability odds into a more manageable strategy using the Quantum indicator in one form or another. In my case, and I'm sure a few others too, I continue to improve it, and actually yesterday was one of the best days as it happens for me.

The message here is, and one that Mer has endorsed and encouraged, is that adapt the Quantum to fit your own trading style, which is not necessarily a quick overnight solution I appreciate, and as mentioned, mine is continuing to evolve, and you cannot expect all the answers to be handed to you on a plate without using your own brains and common sense.

Finally, do not be too influenced by what others are claiming (irrespective of their status), most of it is waffle without substance....you know the type I'm talking about, I don't need to expand on that!

Now, for those that seem to depend on others, start thinking for yourselves, and develop a strategy that takes , risk, dd, profit etc into account, and become your own controller....do not rely on others to do that for you, because at the end of the day, could they really care less!

Cheers

LL
  • #1,224
  • Aug 27, 2015 5:04am Aug 27, 2015 5:04am
Not a lot of movement (about a 20 pip range so far) in GU heading up into NY session in about 2 hours time.

Common occurrence when some news is due out.

Could have dropped the Q value down to about 25 for a handful of 10 pip trades.

Might be something worth considering although you need to watch for any signs of a break away from that range.

Tight little ranges, reducing DD and giving out little trades of profit.

So many ways to trade the Q............

Masterrmind...........
Master your Mind then Master your Trades
  • #1,225
  • Aug 27, 2015 5:42am Aug 27, 2015 5:42am
Quoting Masterrmind
Not a lot of movement (about a 20 pip range so far) in GU heading up into NY session in about 2 hours time. Common occurrence when some news is due out. Could have dropped the Q value down to about 25 for a handful of 10 pip trades. Might be something worth considering although you need to watch for any signs of a break away from that range. Tight little ranges, reducing DD and giving out little trades of profit. So many ways to trade the Q............ Masterrmind...........
Sure is i've closed 45 pips so far in around 15 or so pip lots
Did not think to drop the Depth to 25 though
  • #1,226
  • Edited 6:17am Aug 27, 2015 5:53am | Edited 6:17am
Quoting mer071898
Here are the trades from this morning using the Aggressive lot sheet. Even with all the ugliness and drawdown, if you stayed with it using the Aggressive lot sheet, we pumped out this: Trade #1- -207 pips Trade #2- -206 pips Trade #3- -204 pips Trade #4= -205 pips Trade #5= -203 pips Trade #6= -197 pips Trade #7= -191 pips Trade #8= -191 pips Trade #9= -186 pips Trade #10= -186 pips Trade #11= -176 pips Trade #12= -171 pips Trade #13= -171 pips Trade #14= -170 pips Trade #15= -165 pips Trade #16= -166 pips Trade #17= -164 pips Trade #18= -155 pips...

You need very much money to do this... the problem with this trade system is that the broker closes u trades if u cross the fine line of margins...with infinite money you always won, like martigale trade...


Nevermind I only trade for six months and in this period I only have a strong conclusion, ALL indicators try to predict the future and try to advise de user when it would be the reverse of trend to take a decision of trade, con tinuosly, and or repaints and repaint until at last change the direction or make signals and signals until u bored ... but all fails ALWAYS when there is a STRONG TREND , and in this case has happened. Is basic Stronng trend ---> follow the trend if u fails u can stop the trade with a few losses .. in other case if u follow the indicator continously it advise u that the trend it up to change (even if the trend has started) and on every trade u dig u own grave because u dont know really when the MARKET goes to change the direction
  • #1,227
  • Aug 27, 2015 5:58am Aug 27, 2015 5:58am
@mastermind
Are you going to close out before the news?
or ride it out
  • #1,228
  • Aug 27, 2015 6:19am Aug 27, 2015 6:19am
Quoting Cizz
@mastermind Are you going to close out before the news? or ride it out
Ive taken several smaller but higher lot counter trades to compensate for a movement to the south but I may close them out whilst still in net profit.

The pound is under a lot of pressure and the risks may very well outweigh the rewards in this situation.

Masterrmind............
Master your Mind then Master your Trades
  • #1,229
  • Aug 27, 2015 6:25am Aug 27, 2015 6:25am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Landline
Hi all I haven't posted for a while, but it is clear that quite a few have felt the power of DD yesterday, which should not have surprised anyone, it really was always going to be just a matter of time, and these events remember occur roughly every 20 days or so (give or take). Mer has NEVER hidden this from any of you, and therefore none of the complainants have anything to moan about! The real point is if you are happy with a potential 10:1 risk to reward ratio, then Mers system is for you, it's as simple as that. Most are clearly not, including...
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,230
  • Aug 27, 2015 6:35am Aug 27, 2015 6:35am
Quoting Masterrmind
{quote} Ive taken several smaller but higher lot counter trades to compensate for a movement to the south but I may close them out whilst still in net profit. The pound is under a lot of pressure and the risks may very well outweigh the rewards in this situation. Masterrmind............
MM I am going to trade the news breakout on the Eur/Usd its been pretty quite the last 3 hours.
Will set orders 20 pips above and below the current trade price and take a very short profit around 10 pips
  • #1,231
  • Aug 27, 2015 6:44am Aug 27, 2015 6:44am
Quoting Cizz
{quote} MM I am going to trade the news breakout on the Eur/Usd its been pretty quite the last 3 hours. Will set orders 20 pips above and below the current trade price and take a very short profit around 10 pips
Hope that works out well for you!

SL on your mind at all?

Masterrmind.............
Master your Mind then Master your Trades
  • #1,232
  • Aug 27, 2015 6:59am Aug 27, 2015 6:59am
Quoting Masterrmind
{quote} Hope that works out well for you! SL on your mind at all? Masterrmind.............
I put a stop loss of 30 on both orders than ill cancel the other order after seeing the first direction,
The first order I usually take 10 pips profit and let the second smaller trade run for a bit pending the news
  • #1,233
  • Aug 27, 2015 7:15am Aug 27, 2015 7:15am
Quoting Cizz
{quote} I put a stop loss of 30 on both orders than ill cancel the other order after seeing the first direction, The first order I usually take 10 pips profit and let the second smaller trade run for a bit pending the news
Trading setups like that are always very tricky..... too tight a SL and you get knocked out of the trade too early, but too large of a SL and your risk increases substantially........

GU is planted on weekly support now but it could be eying the monthly support @ 1.53920 which is about another 40 pips down.

Time will tell!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,234
  • Aug 27, 2015 8:18am Aug 27, 2015 8:18am
There's Strong Divergence as of now i think we see some sort of reversal soonish!
I only realized this morning that we have been trading against a bearish breakout from the strong uptrend channel that started on the 1st of May
No wonder its been roaring down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB
  • #1,235
  • Aug 27, 2015 8:43am Aug 27, 2015 8:43am
Hi,
Maybe the trick for any system is not be greedy. If I am trading in M1 chart, looking a profit more than 10 pips against main trend is crazy. I also look M5, but trade M1.
Since I start demo with this strategy(last monday), no loss, even yesterday.
Regards



Quoting Cizz
{quote} I put a stop loss of 30 on both orders than ill cancel the other order after seeing the first direction, The first order I usually take 10 pips profit and let the second smaller trade run for a bit pending the news
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Quantum London Strat002.jpg Size: 21 KB
Click to Enlarge Name: Quantum London Strat00.jpg Size: 254 KB
Click to Enlarge Name: Quantum London Strat001.jpg Size: 111 KB
  • #1,236
  • Aug 27, 2015 8:45am Aug 27, 2015 8:45am
Quoting Miche09
Hi, Maybe the trick for any system is not be greedy. If I am trading in M1 chart, looking a profit more than 10 pips against main trend is crazy. I also look M5, but trade M1. Since I start demo with this strategy(last monday), no loss, even yesterday. Regards {quote} {image} {image} {image}
True it feels different when you start using real money ha
this comment was on an unrelated strategy for a way of trading news breakouts which succeeded in taking $300..
  • #1,237
  • Aug 27, 2015 9:15am Aug 27, 2015 9:15am
Quoting mer071898
Here are the trades from this morning using the Aggressive lot sheet. Even with all the ugliness and drawdown, if you stayed with it using the Aggressive lot sheet, we pumped out this: Trade #1- -207 pips Trade #2- -206 pips Trade #3- -204 pips Trade #4= -205 pips Trade #5= -203 pips Trade #6= -197 pips Trade #7= -191 pips Trade #8= -191 pips Trade #9= -186 pips Trade #10= -186 pips Trade #11= -176 pips Trade #12= -171 pips Trade #13= -171 pips Trade #14= -170 pips Trade #15= -165 pips Trade #16= -166 pips Trade #17= -164 pips Trade #18= -155 pips...
Excellent WORK Mer!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,238
  • Aug 27, 2015 9:39am Aug 27, 2015 9:39am
Quoting Cizz
Confirmed reversal on the 5 minute chart with a mac D indicator along with the divergence i'm hoping we have a strong turn tonight (but hey who knows :*) {image}
Zooming out to D1:

Don't look at a daily chart of GU as it suggests a 65+ pip drop down to major support @ 1.53500.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB


Of course we trade intraday charts looking for extensions in price followed by pullbacks however a shallow pullback might raise more than a few hairs!

Masterrmind............
Master your Mind then Master your Trades
  • #1,239
  • Aug 27, 2015 9:40am Aug 27, 2015 9:40am
Anyone else noticed an issue with the EA?

Did I mess up a setting somewhere?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 80 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 70 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 69 KB
  • #1,240
  • Aug 27, 2015 9:50am Aug 27, 2015 9:50am
Quoting zack.trader
Anyone else noticed an issue with the EA? Did I mess up a setting somewhere? {image} {image} {image} {image}
Download version 1.5.8 as its the latest EA.

When you start using the EA be sure to set Debug mode = True

Masterrmind..........
Master your Mind then Master your Trades
0 traders viewing now