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Quantum London Trading Custom EA

  • #841
  • Sep 8, 2015 3:26am Sep 8, 2015 3:26am
Quoting OctaveJay509
{quote} Hi Josh, You made your point, and I think that you are not obligated to use that System at all....Let's be honest, if you are here, chances are you are looking for something that works and gives you the peace of mind you deserve.... Well, before you go all crazy on the Martingale approach, you need to understand that this system is not a perfect system, and that system is tradeable on Range Bound Market..... By the way, if you were paying attention about the rules in place or the conditions involved, you would come to realize that this system...
Hey OctaveJay,
I am not obligated to do anything but to die and pay taxes, same as everyone else. You presume a lot about me.
I have seen many ea's that are similar in nature to this one, particularly martingales. This is not my first time on the block and I am not looking for anything. What I am pointing out is, that if you load the indicator alone on a chart, just take a scroll and you will see mountains that would be hard to survive...just like any marty. It is tradabe in range bound market....great, but what happens when that range shifts to a trend and you are on the opposite side? I am highly suspicious that limiting to London/Frankfurt open for setups will not cure this. Best I would hope is that i can double an account to cover my investment, then take profits until it eventually blows out. But, I wish you the best of luck with it. My post was to point out, when you look at martingale eas of similar nature, the same problems are here IMO.
GL
Best, Josh
  • #842
  • Sep 8, 2015 6:34am Sep 8, 2015 6:34am
Quoting maahome
{quote} What Vlad is saying that if you have a 5 digit broker the grid is in points and a 4 digit broker the grid is in pips. So if you have grid 1 set at 10 and you have a 5 digit broker then your grid is set to 10 points (1 pip if you have a 4 digit broker). if you have a 4 digit broker then your grid 1 setting would be 10 pips (100 points if you have a 5 digit broker). This topic was covered in earlier posts - short answer is 1 pip = 10 points. All settings in the ea reflect your brokers sizing (points or pips). Hope this helps maahome
Hi maahome,
me again

from the screenshot, i use all zero

did you follow this, or you have your own, can you post it, i like to test it

regards
cipan
Attached Image
  • #843
  • Sep 8, 2015 8:01am Sep 8, 2015 8:01am
Is it a lucky escape ?

But it worked this time. Manually closed.

But then it was almost stop out of a/c. ! ( demo )
Attached Image (click to enlarge)
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Intraday only.
  • #844
  • Sep 8, 2015 10:20am Sep 8, 2015 10:20am
Quoting Masterrmind
{quote} Check in EA properties that you have enabled long and short positions. {image} Masterrmind........... :nerd:
But it may need a 5k capital.

I have seen a floating loss of around 500 $ today with a capital of 2k.

It placed 3.6 lots trades.

More testing is required though.
Intraday only.
  • #845
  • Sep 8, 2015 3:34pm Sep 8, 2015 3:34pm
What if a moving average cross closed the basket? Obviously, manual closes would make this unnecessary, but as an option in the EA, it could be checked in Strategy Tester for viability. It seems a shame that long runs should only cause pain.
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  • #846
  • Sep 8, 2015 5:30pm Sep 8, 2015 5:30pm
Quoting Pinhead
What if a moving average cross closed the basket? Obviously, manual closes would make this unnecessary, but as an option in the EA, it could be checked in Strategy Tester for viability. It seems a shame that long runs should only cause pain. {image}
well, I got your point. this is my preference too.

But the strategy is simple, it can be traded manually too.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM1.png Size: 72 KB
Intraday only.
  • #847
  • Edited 9:05pm Sep 8, 2015 7:12pm | Edited 9:05pm
Quoting Pinhead
What if a moving average cross closed the basket? Obviously, manual closes would make this unnecessary, but as an option in the EA, it could be checked in Strategy Tester for viability. It seems a shame that long runs should only cause pain. {image}
Hi Pinhead,

That would be one solution but then you would not have the buy side action either. You have to remember that this method is a counter trend trading system and as such there will always be these drawdowns and at some point in time there will be a period where no matter what happens the account is going to blow up unless it is managed in some way, whether that is automatically or manually done. It would be a very good idea to look at Mastermind's postings and see how he manages his trades. I am not as good at it as he is and I am experimenting with the EA at this time (I prefer to trade the DAX actually as it is far more predictable for my trade style).

In your example, if you had an account that allowed hedging then you could theoretically have a buy sequence at the same time. Another solution is to have a second chart with a second instance trading the reverse signals. A non hedging FIFO account would need to have a separate platform and account to achieve the same result. Whether this would work or be profitable I do not know.

Personally, I have tested many different methods and ideas with this EA and I keep coming back to the GBPUSD with specific time zones for trading. I also use the grid setup and I have a limit on the trades per grid. This has proved viable in backtests but until we test live going forward we will not know for sure. What I can say is that the account survived days with 1000 pip moves in both directions without being destroyed and proved quite profitable over time. The one constant I have found is that I avoid trading on Fridays.

As I like to think outside the box it is also important to analyze how trades are placed but also how profits are generated by those trades. As with most grid style / countertrend trading EA's this one is quite similar in that the bulk of trades are contained within the first section (grid) and therefore we need to understand what this means. Once we do then we can look at ways of controlling drawdowns and runs.

As with any mechanical system you need to have a point where you say "enough" and just stop. Whether that is a price point, account equity point or whatever, it needs to be there. Attached to this post is a graph of the EA from 2 Jan to 7 Sep, note the drawdown periods and you will see that it actually drew down just on 24% of initial capital. The return for the period was 155%+. That is a risk that I am prepared to take. Each of us must make a decision on how we do these things because we are all different, we have different capital available, different risk profiles and so on. Probably the biggest thing to take into consideration with this type of EA is you will never see one of those nice straight line profit charts, this method will win and lose and if you are looking to let it trade on autopilot it will do exactly that.

Attached Image (click to enlarge)
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Wishing all success and many pips!
maahome
  • #848
  • Sep 8, 2015 7:18pm Sep 8, 2015 7:18pm
Quoting cipan
{quote} Hi maahome, me again from the screenshot, i use all zero did you follow this, or you have your own, can you post it, i like to test it regards cipan {image}
Hi Cipan,

I am not sure what you are asking me here? Did you try the setting I mentioned earlier at false and did it then place buy trades for you? I do prefer the grid for my position sizing. rather than the standard 1-12 etc lot sizing. I find that it is more useful in managing what I want to do for my trade style. I do not think it would be of much use to load my set file because it is designed for my specific broker (trade times lot sizing etc etc.)

Regards
maahome
  • #849
  • Sep 8, 2015 7:33pm Sep 8, 2015 7:33pm
Quoting maahome
{quote} In your example, if you had an account that allowed hedging then you could theoretically have a buy sequence at the same time. Another solution is to have a second chart with a second instance trading the reverse signals. A non hedging FIFO account would need to have a separate platform and account to achieve the same result. Whether this would work or be profitable I do not know.
Exactly, maahome, I was looking at it with the ability to hedge and no FIFO restrictions, with the hope that it could be tested as a 'true' EA and allowed to run with a little less manual intervention. It was mostly a suggestion to Vlad to include it as a user input on the next version. This is my first foray into so-called martingale systems and the idea has probably been tried before, but hey, it looked good to me!
  • #850
  • Sep 8, 2015 8:49pm Sep 8, 2015 8:49pm
I use 2 demo account to test

1. 2k
2. 10k

aud/usd short since yesterday has reached 0.89 per trade (four of them now) = increase from here to 0.7100 = will burn the 2k demo account
  • #851
  • Sep 8, 2015 9:31pm Sep 8, 2015 9:31pm
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  • #852
  • Sep 8, 2015 9:32pm Sep 8, 2015 9:32pm
Quoting cipan
I use 2 demo account to test 1. 2k 2. 10k aud/usd short since yesterday has reached 0.89 per trade (four of them now) = increase from here to 0.7100 = will burn the 2k demo account
Hi cipan,

If you are getting .89 lots on a 2k account then it is being greatly over traded (unless it is a smaller type account) - the lot sizing in the EA as default I think are high even for a 10k account if you are using the non grid system. Without knowing whether your accounts are standard, mini, micro or nano lot sizing it is very difficult to work out what you should use. Simple answer is if you are using the same size in both then you are taking 5 times the risk with the 2k account.

Regards
maahome
  • #853
  • Sep 8, 2015 9:34pm Sep 8, 2015 9:34pm
Quoting maahome
{quote} Hi cipan, If you are getting .89 lots on a 2k account then it is being greatly over traded - the lot sizing in the EA as default I think are high even for a 10k account if you are using the non grid system. Without knowing whether your accounts are standard, mini, micro or nano lot sizing it is very difficult to work out what you should use. Simple answer is if you are using the same size in both then you are taking 5 times the risk with the 2k account. Regards maahome
what is grid system and non grid system? How to set/ This feature works with this EA?
Intraday only.
  • #854
  • Sep 8, 2015 9:51pm Sep 8, 2015 9:51pm
good day

thanks for the advise
will do that

anyway for non-grid system what is the recommended setting for

1. only trade every X candles
2. QDE
3. QDC

Regards
cipan
  • #855
  • Sep 8, 2015 10:19pm Sep 8, 2015 10:19pm
Quoting cipan
good day thanks for the advise will do that anyway for non-grid system what is the recommended setting for 1. only trade every X candles 2. QDE 3. QDC Regards cipan
Hello again cipan,

I only use the grid system so I cannot advise on the non grid settings. That will also heavily depend on which pair you are trading ( I use GBPUSD). I will post a screen of my set file if it will fit (or as many as we need if it won't). Please note these settings are for a broker on gmt time (exness). If you want to use them you need to get the right time for your broker.

Please note (and this is important) - these settings can create hedged positions so they ARE NOT suitable for a US non hedging account. Also this is for a $10,000 account size with a 5 digit broker. See attached screen shot and you will see there is a sell and a buy trade open at the same time.

The set screen shots are from top down so look at 1 then 2 then 3 - remember to adjust time to suit your broker - these are gmt settings. Your brokers time will show in the market watch window. Compare that time with GMT time and adjust accordingly.

Good Luck
maahome
Attached Image(s) (click to enlarge)
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Attached Images
  • #856
  • Sep 8, 2015 10:26pm Sep 8, 2015 10:26pm
Hi maahome

I am truly appreciated by your reply
Will do it

Thanks again
Regards
Cipan
  • #857
  • Sep 8, 2015 10:54pm Sep 8, 2015 10:54pm
hi maahome

silly confirmation from me here

FIFO true
and
Hedging

right?

Regards
Cipan
  • #858
  • Sep 8, 2015 11:03pm Sep 8, 2015 11:03pm
Quoting cipan
hi maahome silly confirmation from me here FIFO true and Hedging right? Regards Cipan
If it is a non us account it will be OK. I leave FIFO on just to keep order numbers correct when closing - makes it easier to track. Hedging occurs from time to time because the exit is greater than the entry so at times we get an opposite order or two and that creates a hedge.

Hope that helps
maahome
  • #859
  • Sep 8, 2015 11:11pm Sep 8, 2015 11:11pm
Ok

now I understand
will try to cope faster

may be later I can say or give good suggestion/opinion

Regards
Cipan
  • #860
  • Sep 8, 2015 11:32pm Sep 8, 2015 11:32pm
Quoting cipan
Ok now I understand will try to cope faster may be later I can say or give good suggestion/opinion Regards Cipan
No problem cipan,

What you will find is when a hedge does occur, whatever trades are opened will be closed when a close signal occurs in either direction regardless of direction of market - see example below where a buy was opened after the sell but closed when the sell closes. I am guessing this occurs because closes are based on magic number or simply open trades. Vlad may be able to enlighten further on that. I personally do not mind as it seems to work OK for me the way it is.

Regards
maahome
Attached Image (click to enlarge)
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