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Quantum London Trading

  • #1,901
  • Sep 24, 2015 4:27pm Sep 24, 2015 4:27pm
Quoting Masterrmind
{quote} Hi Chinfei, I prefer manual trading too and its a skill that's difficult to master! Good idea to run the EA on demo and then proceed to live once you understand all the operations and actions of the EA. I do not use Cipans' EA and have not looked into its coding so you would be best to ask him directly about coding it for email alerts and he should have no issues with this provided he has the time to do it. Note: I suggest you quote him in the Quantum London Trading EA thread and ask him if he could implement your idea into his EA. Masterrmind.............
Hi Mastermind,
Let's not worry about the EA first, I already got it going and having good profits on first run already, I'm going to run for a month then go live.
Now about the manual trading, firstly, are you just going to sit in front of comp all day to look for red/blue boxes to trade? I don't think it's possible.
Manual trade this system, you can control which box to enter, how many box to enter, and when to exit, besides that, I can't find a reason to not use EA to help you.
Besides more control over your trades, can you tell me why you still manual trade it?
  • #1,902
  • Sep 24, 2015 4:41pm Sep 24, 2015 4:41pm
Quoting Masterrmind
{quote} Sounds good, sometimes you need to give the trade plenty of breathing space initially to allow it some time to develop and then follow it with a trailing stop loss. The main aim is to progress the trade at the right pace so that your SL makes its way to BE + spread creating a 'free' trade. Masterrmind...........
ye I know ..but the problem that I trade several pairs in parallel so sometimes I cut the profit/loose and move on.,

I must to tell that when I started to trade about 7 yrs ago I only trade for only 10/20 pips a day and I figure out that if you know how to

look at PA and don't been lazy to do your homework than MKT can be very generous for the hard workers that early up to do the hard work

so for the last 4 years I try to do the swing trades philosophy also with harmonic but basically with the naked chart draw lines

and look for historical bottom or highest level, also I fan of the divergence and found it very very useful in my trading skills

with the trend or for the swing issue.

GL friends and very green pips

Almo.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,903
  • Sep 24, 2015 4:51pm Sep 24, 2015 4:51pm
Quoting chinfei
{quote} Hi Mastermind, Let's not worry about the EA first, I already got it going and having good profits on first run already, I'm going to run for a month then go live. Now about the manual trading, firstly, are you just going to sit in front of comp all day to look for red/blue boxes to trade? I don't think it's possible. Manual trade this system, you can control which box to enter, how many box to enter, and when to exit, besides that, I can't find a reason to not use EA to help you. Besides more control over your trades, can you tell me why...
This Q method can be traded manually or by EA

I use the EA for entries + exits when using an M1 chart since the entries are a lot neater and less painful than manually entering trades although it can certainly be done.

I am a price action and fundamental trader to the core so all my trades will always have some degree of manual trading applied to them and trades will be monitored including exit strategies for times when price starts heading aggressively away from me.

I analyze several pairs, make a choice and apply the EA to anywhere from 1-5 pairs before Tokyo Open for roughly a 5 hour trading window which may generate anywhere from 1 to 3 cycles of trades per pair traded.

Monitoring the EA is important, sometimes I don't have to do anything and trades get opened and closed like clockwork.

However, one should not become complacent and a trader will do much better if they understand the way the market moves, obstacles to price progression on the chart (key levels, 000 and 50 numbers, S+R and pivot points etc + fundy's) so that trades can be closed out at congestion zones, places of hesitation or evidence on the chart that paper profits are about to diminish....

If a trader is aware of such things on his/her chart then they can navigate with so much more insight and protect profits as much as possible.

These are some of the reasons why I will always apply a degree of manual trading.

Applying the Q on higher TF's like H1, H4, D1 then for these trades it is very simple to trade them manually provided you have access to your charts at the close of the hour for H1, close of 4 hours for H4 and close of the day for D1. You can also use the trending indi which will give you a heads up of where the next box is going to appear and how far away in terms of price you are!

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #1,904
  • Sep 24, 2015 4:54pm Sep 24, 2015 4:54pm
Quoting Almo2312
{quote} ye I know ..but the problem that I trade several pairs in parallel so sometimes I cut the profit/loose and move on., I must to tell that when I started to trade about 7 yrs ago I only trade for only 10/20 pips a day and I figure out that if you know how to look at PA and don't been lazy to do your homework than MKT can be very generous for the hard workers that early up to do the hard work so for the last 4 years I try to do the swing trades philosophy also with harmonic but basically with the naked chart draw lines and look for historical...
Excellent and I too am very familiar with harmonics .... you probably guessed that already!

The hard work and yes it was an unbelievable work load but I tell you it was worth its weight in gold.

No-one can ever take those skills away from you............

Masterrmind...........
Master your Mind then Master your Trades
  • #1,905
  • Sep 24, 2015 5:26pm Sep 24, 2015 5:26pm
Quoting Masterrmind
{quote} Excellent and I too am very familiar with harmonics .... you probably guessed that already! The hard work and yes it was an unbelievable work load but I tell you it was worth its weight in gold. No-one can ever take those skills away from you............ Masterrmind...........

GL at Asia Session my friend .
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,906
  • Sep 24, 2015 5:30pm Sep 24, 2015 5:30pm
Wd MM &Almo,, snatched a few EC last night as well , really good day yest A200 (8/2) Q signals working well for me . not exactly by the book but what Im comfortable with cheers S (Q)
Attached Image (click to enlarge)
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  • #1,907
  • Sep 24, 2015 5:38pm Sep 24, 2015 5:38pm
Quoting starpro
Wd MM &Almo,, snatched a few EC last night as well , really good day yest A200 (8/2) Q signals working well for me . not exactly by the book but what Im comfortable with cheers S (Q) {image}
well done mate , keep it only up
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,908
  • Sep 24, 2015 5:48pm Sep 24, 2015 5:48pm
Quoting Almo2312
GJ looks like it want to fall but very low liquidity at this hours so it can be as false issue..i will wait with that{image}
so..i decided to take the chance on GJ short(15min/Q=34/42) lets see..
Attached Image (click to enlarge)
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,909
  • Sep 24, 2015 6:18pm Sep 24, 2015 6:18pm
Can anyone tell me how to increase the size of quantum square please? The idea being the diff short term square showing inside the longer term
  • #1,910
  • Sep 24, 2015 6:58pm Sep 24, 2015 6:58pm
Quoting starpro
Can anyone tell me how to increase the size of quantum square please? The idea being the diff short term square showing inside the longer term
Go to "Colors" Tab in the Quantum settings and select different numbers [1.....5] for the width

So 1 instance of Q indi will be say 2 and the other instance 5

Then check your chart ... make sure colors are different of course!

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #1,911
  • Sep 24, 2015 8:10pm Sep 24, 2015 8:10pm
yeh thanx MM, did that but the 1st square is still small just thicker lines , i would like to change the actual size of 1 square ..regards
  • #1,912
  • Sep 24, 2015 8:13pm Sep 24, 2015 8:13pm
good morning on gold and A200 so far ... as well
  • #1,913
  • Sep 24, 2015 11:40pm Sep 24, 2015 11:40pm
Quoting starpro
yeh thanx MM, did that but the 1st square is still small just thicker lines , i would like to change the actual size of 1 square ..regards
Try this you'll be able to apply 2 Quantum indicators one with squares (original) and one with smaller solid squares as per this mod.

Let me know if this suits your intended purpose..........

Attached File(s)
File Type: ex4 Quantum-MM-mod.ex4   7 KB | 580 downloads

Attached File(s)
File Type: mq4 Quantum-MM-mod.mq4   3 KB | 740 downloads


Masterrmind...........
Master your Mind then Master your Trades
  • #1,914
  • Sep 25, 2015 1:49am Sep 25, 2015 1:49am
Hi Mastermind,
Yes I totally agree with you, one should not just let EA run on its own all the time, applying a certain degree of manual skill is a must, that's what I'm expected to hear.
It is because you sound like you trade 100% manual from the way you talk from the start. You used EA too hehe ^^
Mind telling which EA you using? I just woke up and my first cycle is completed, nice profits there, second cycle started and running.
  • #1,915
  • Sep 25, 2015 2:06am Sep 25, 2015 2:06am
Quoting chinfei
Hi Mastermind, Yes I totally agree with you, one should not just let EA run on its own all the time, applying a certain degree of manual skill is a must, that's what I'm expected to hear. It is because you sound like you trade 100% manual from the way you talk from the start. You used EA too hehe ^^ Mind telling which EA you using? I just woke up and my first cycle is completed, nice profits there, second cycle started and running.
I'm still using Vlad's version 1.6.1 for the entries and exits but I monitor the group of trades and take notice of any obstacles on the chart.

Closing out trades manually occurs quite often.

Manual trading is my forte but sometimes technology is such a great helping hand that it can't be ignored!

I also use other trade management tools such as scripts when required.

I'm also looking into slightly higher TF's when trading the busy sessions based on other trading factors so a lot of work to do yet!

Its great to have a cycle of trades all hit profit but try to follow the market and have an escape plan for the times when the market couldn't care less about your positions........ don't hold on and wish for price to reverse in your favor.... this is a recipe for disaster.........

Good trading,

Masterrmind............. :nerd:
Master your Mind then Master your Trades
  • #1,916
  • Sep 25, 2015 2:24am Sep 25, 2015 2:24am
Hi Mastermind,
Thanks for the informative reply, yes, a combination of manual+auto is far better.
So far, the only problem I can think of about this system/EA is when the price never reverse back like you said.
How can you prevent that? You simply close all of them in a loss (before it turns into big loss) after happened? Or you know it will happen so you off the EA for the moment?
In addition, another problem is that I also noticed that sometimes the trades are closed too early since it closes in the first reversal box while the price can certainly move more from it, but it is ok for me, I'm not a greedy person, so it is not a problem and canceled out.
Besides the problem I mentioned, is there any more problem about this system? If there is, please let me know about them to help me know more about the system.
Thanks in advance!
  • #1,917
  • Sep 25, 2015 2:31am Sep 25, 2015 2:31am
Quoting Masterrmind
{quote} EURCAD [H4; 50 - TP1,TP2, TP3 manual] {image} TP2 hit @ +188.2 pips! Note: TSL tightened up a little more heading into the last of the 3 shorts locking in profit........ Masterrmind............
EURCAD [H4; 50 - manual]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB


Last of the 3 shorts

Trade #1 = 102.1 pips;
Trade #2 = 188.2 pips; and
Trade #3 = 192.5 pips

Total = +482.8 pips!

Note: Trade outlined before the fact from start to finish!

Last trading day of the week and price not looking like it wants to break down below WS and MP so closed out the trade.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,918
  • Sep 25, 2015 2:38am Sep 25, 2015 2:38am
Quoting Masterrmind
{quote} EURCAD [H4; 50 - manual] {image} Last of the 3 shorts Trade #1 = 102.1 pips; Trade #2 = 188.2 pips; and Trade #3 = 192.5 pips Total = +482.8 pips! Note: Trade outlined before the fact from start to finish! Last trading day of the week and price not looking like it wants to break down below WS and MP so closed out the trade. Masterrmind...........

Nice !!!
  • #1,919
  • Sep 25, 2015 2:49am Sep 25, 2015 2:49am
Quoting chinfei
Hi Mastermind, Thanks for the informative reply, yes, a combination of manual+auto is far better. So far, the only problem I can think of about this system/EA is when the price never reverse back like you said. How can you prevent that? You simply close all of them in a loss (before it turns into big loss) after happened? Or you know it will happen so you off the EA for the moment? In addition, another problem is that I also noticed that sometimes the trades are closed too early since it closes in the first reversal box while the price can certainly...
Trade within your means and have a solid trading plan in place.

What %DD of your account will cause you to close out losing positions?

Why choose this %DD? Based on what?

Answer these questions to yourself but learn to create a very solid trading plan so you know what to do if you are X% in DD.

Understand the reasoning behind all of your trading decisions and be very aware of all the risks involved.

Good trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #1,920
  • Sep 25, 2015 3:42am Sep 25, 2015 3:42am
Watch out!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 30 KB
Everyone can find their HolyGrail
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