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Quantum London Trading Custom EA

  • #1,301
  • Oct 11, 2015 6:16am Oct 11, 2015 6:16am
Mr.Cipan
Could You be so kind and help me to adjust settings for small account 500-700$ for start ? It would be a BIG help for inexperience forex players that not used EA's before like me for example... so now i have problem to adjust this EA....
I have quantum shaolin 1.3.2 (or i need to use different one ?)

I would like to start with 500-700$ and run it 24/5 all the time with conservative settings so i could get bigger probability to not blow my account.
of course i will not start on real account but first on demo and test it hard
It really could help new people here that want to use this amazing EA but dont have experience with EA's like me so...

I would be really thankful!!

i post here this settings but propably its not good...

Attached Image (click to enlarge)
Click to Enlarge Name: settings1.png Size: 220 KB

Attached Image (click to enlarge)
Click to Enlarge Name: settings2.png Size: 180 KB

Attached Image (click to enlarge)
Click to Enlarge Name: settings3.png Size: 179 KB


I You be so kind .. pls post here a screen shot with window of settings for small account (700$)
I run test on that settings and end with(form begining of this year untill now) :
profit : 192$
total trades : 313
drawdown % : 11.63%
is that good ?



Regards
overpower!
  • #1,302
  • Oct 11, 2015 1:45pm Oct 11, 2015 1:45pm
Quoting overpower
Mr.Cipan Could You be so kind and help me to adjust settings for small account 500-700$ for start ? It would be a BIG help for inexperience forex players that not used EA's before like me for example... so now i have problem to adjust this EA.... I have quantum shaolin 1.3.2 (or i need to use different one ?) I would like to start with 500-700$ and run it 24/5 all the time with conservative settings so i could get bigger probability to not blow my account. of course i will not start on real account but first on demo and test it hard It really...
Overpower,

don't do it, it will blow your account. You will quickly run out of margin on a big move. It can go well for 20 days or so and then boooooom.
I suggest you do some testing with a small time window, lets say 00:00 to 05:00 one cycle only, or 20:00 to 23:00 with very conservative settings. And have a stop loss in place.

Just my 2 pips worth
  • #1,303
  • Oct 11, 2015 2:26pm Oct 11, 2015 2:26pm
Quoting Vlad13685
Apologies for the spam alerts! I used it to check my code but forgot to take it out when posting it. Here is a copy that won't spam you. I'll get a chance to look at the other errors reported a bit later. Vlad {file}
I'm getting a ton of errors when compiling this version of the EA. Would very much appreciate if someone could upload a clean compilation. Thanks!
Attached File(s)
File Type: mq4 Quantum London Trading EA v1.6.1.mq4   49 KB | 1,179 downloads
  • #1,304
  • Oct 11, 2015 2:26pm Oct 11, 2015 2:26pm
Quoting navk
{quote} Hi, This week results : eurgbp pair. 1.6.1 EA original. 725 Q setting. Capital : 10. 665 k Profit for this week : 485 $. ( 4.85 % ) Max. Floating : 1.15k. ( 10 % DD ) I have discontinued with 325 Q setting. Running the EA for 24x5.
Hi,
Bigger number is the Q => higher the chance to get a moving train. Maybe you have a chance to load 40-50 entry and carry 600-900 pips!
Bigger number is the Q => higher will be the floating negative balance => you need more and more capital to use 0.01 lot
You can try Entry at 1000Q or 3000Q and exit at 250 / 750 Q, I still got a serious DD / 2-4 month!

Sometimes this pigs are flying ( heavy trending and no exit points)

Anyway other system it seems to be the same:
if I allow 80% DD, then maybe I can make 320x ( theoretically, with a total different system then this)
Same system, same period, same pair, but if I allow only 20% DD it makes only 8x (theoretically)!

My rhetoric question is how % of DD should I allow ?
I want to buy PATIENCE
  • #1,305
  • Oct 11, 2015 2:37pm Oct 11, 2015 2:37pm
Another question is for Mr. Mastermind
maybe better for small accounts is to play without EA and sit in front of PC and make a trades by myself(Like You do in begining) hmm?? ( play only 0.01 lot). I know that now You use EA.
You play on what time of a day? only 1 cycle starting on Tokyo sesion ? (GBP/USD // EUR/USD ?)

So it could be better way for small account to control it by myself not by EA?

Thanks for reply in advance !

Regards
Overpower!
  • #1,306
  • Edited 4:13pm Oct 11, 2015 3:08pm | Edited 4:13pm
Quoting matheszabi
{quote} Hi, Bigger number is the Q => higher the chance to get a moving train. Maybe you have a chance to load 40-50 entry and carry 600-900 pips! Bigger number is the Q => higher will be the floating negative balance => you need more and more capital to use 0.01 lot You can try Entry at 1000Q or 3000Q and exit at 250 / 750 Q, I still got a serious DD / 2-4 month! Sometimes this pigs are flying ( heavy trending and no exit points) Anyway other system it seems to be the same: if I allow 80% DD, then maybe I can make 320x ( theoretically, with...
I think you have questions but do not have answers.

I my view, it is only a testing phase but can not put in live.

I do not want to deviate much from original ones.

You need to answer to yourself, what exactly you want from the system.

I do not exactly think this is intraday system, but can close baskets intraday at times.

Neither do I want to trade only in Asia/Only London/Only NY.

I can not think that Asia always offers low volatility all days, but there are days when trend continues in Asia ( like NY ) and upto Frankfurt session.

So, I thought the best thing would be to test 24x5. Leave totally semi automated. Means, if DD goes more than 10 % then handle the trades manually to close when you are happy with some profit.

Having said that, it needs 10k capital to deal with this system.

Not less than that.

Max. 12 to 15 % DD may( only may) come at some point. I have come across 11.5 % DD this week. Last week max. 2.5 % DD.

But the basket will turn out to be in profit at some point. More testing is required.

My conclusion :

I want bigger Q number. I want more volatility to take trades.
Bigger the Q number, lesser the no. of trades.
Lesser the no.of trades, lesser DD.
The correct pair to trade is important. The correlation between eur and gbp is the one that decides whether the basket trades will turn into profit.
With corelelation you can find out, what is the range of a specific pair and likelihood of retracement.

I feel EURGBP is the best pair to trade in current conditions.

the trade sizes : 1- 21 : 0.01
22 to 29 : 0.02
30 to 39 : 0.05
40 & above 0.05.

when total lot size is more than 2lot for 10k capital, switch off the EA and handle trades manually to avoid more DD. But unlikely you will see more than 2 lot with Q 725.
Intraday only.
  • #1,307
  • Oct 11, 2015 4:27pm Oct 11, 2015 4:27pm
Quoting navk
So, I thought the best thing would be to test 24x5. Leave totally semi automated.
You cheater That works, because you will filter out the news heavy impacts.

Not only on EG but on my I have tested this system and added filters to filter out the losing trades the to many positions.
With manual help: yes it can give some returns.

But with manual help you could use other systems too, which can be more profitable and a lot less risk!

And you have right: I need to decide to allow 80% DD and allow me x320 or just x8 with %20 DD. This is not the floating loss, btw...

Peace
I want to buy PATIENCE
  • #1,308
  • Oct 11, 2015 4:50pm Oct 11, 2015 4:50pm
Quoting matheszabi
{quote} . But with manual help you could use other systems too, which can be more profitable and a lot less risk! Peace

possible, I don't deny that. But in that case, you will be trading a totally different system but not Q system.

My intention is to test Q system semi automated. In the test, if it works fine, if it does not work you and me have lots of manual trading system and not just Q manual trading system.
Intraday only.
  • #1,309
  • Oct 11, 2015 5:06pm Oct 11, 2015 5:06pm
VanDooDoo can I ask if the trade explorer on your profile is for Quantom EA? if so what settings and timeframe are you using? many thanks


Quoting VanDooDoo
Hi Cipan!!! Now I'm using the version 1.3.2....and would be happy if you can correct my mistakes What different magic numbers should i use? Thanks adn regards Cipan
  • #1,310
  • Oct 11, 2015 7:25pm Oct 11, 2015 7:25pm
Quoting overpower
Another question is for Mr. Mastermind maybe better for small accounts is to play without EA and sit in front of PC and make a trades by myself(Like You do in begining) hmm?? ( play only 0.01 lot). I know that now You use EA. You play on what time of a day? only 1 cycle starting on Tokyo sesion ? (GBP/USD // EUR/USD ?) So it could be better way for small account to control it by myself not by EA? Thanks for reply in advance ! Regards Overpower!
Hi overpower,

Initially and also now I think of the entries from a manual perspective.

However, the use of the EA for M1 TF is convenient for multiple entries since it enters trades much cleaner than I could.

I monitor the trades throughout and if all is running within my boundaries I simply allow the EA to close out trades.

Sometimes I modify the Q exit value in the EA and with EA 1.6.1 I may also alter the entry Q (there is a problem in the code which can allow additional entries to be opened in the opposite direction.... strange but true nonetheless) more so when higher lot sizes are applied to the entries.

Small accounts:

1. Choose the lowest lot size initially
2. Choose a predictable trading window over a small number of hours (say 2 to 5 hours)
3. Know the historical pip ranges for your preferred trading window
4. Set appropriate global SL for your cycle of trades.
5. Don't be afraid to close out trades at S+R and pivot points etc
6. The longer trades take to close out the higher the danger of increased risk especially if price is trading several hours outside your trading window.
7. Other trading factors/market dynamics and news as appropriate

To know the times I trade check out some of my posts and it will become quite obvious however the following is a summary.

1. Tokyo Open through to Tokyo + 5 hours or latter parts of NY session = M1 trading
2. H1 and H4 TF London Open however if the setup looks good I will enter at other times during the day (case by case analysis)

Pairs traded:

1. M1 [GU, EU, EG, U/Cad and others like AU, AN and UJ]
2. H1 and H4 [Prefer the high volatility pairs for this but will look to trade any pairs including indices etc]

I trade multiple pairs but do not recommend this to others unless you are sufficiently capitalized and really like the idea of monitoring many different pairs and have safeguards in place for the times when price starts to run too far away from you.

If you think 1 pair that runs away from you is scary in terms of DD wait until you see 2-3 pairs that start trending heavily away from you.

This could be super scary!

I suggest initially that you only trade 1 pair (GU or EU or EG) in a quieter session and use 1-2 cycles maximum.

What you will find is the later in the session that your trades open the higher the risk can be since eventually you will exit your trading window and enter a more aggressive session with much larger swings.

The initial choice of the entry Q value for a given pair then becomes relevant and important.

The idea is to open trades sooner rather than later in your preferred trading window. Get in fast and get out fast! It does not always happen of course but this should still be your main focus unless the account size is >>> 10K then the situation is very different.

Hope that helps........

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #1,311
  • Oct 11, 2015 7:48pm Oct 11, 2015 7:48pm
Quoting overpower
Mr.Cipan Could You be so kind and help me to adjust settings for small account 500-700$ for start ? It would be a BIG help for inexperience forex players that not used EA's before like me for example... so now i have problem to adjust this EA.... I have quantum shaolin 1.3.2 (or i need to use different one ?) I would like to start with 500-700$ and run it 24/5 all the time with conservative settings so i could get bigger probability to not blow my account. of course i will not start on real account but first on demo and test it hard It really...
Running this EA 24/5 with a small account even on 0.01 lots constant and your account will soon vanish.

Why?

I have seen many situations that even a 10K account does not survive trading 24/5 even on the smallest lot size so I know the smaller account will be consumed rather quickly.

In an attempt to survive you need to do the following:

1. Choose the pair very carefully (EG or GU)
2. trade only with 0.01 lot size and not higher
3. choose a very small trading window only in a quiet session
4. monitor every single entry and close out at a pre-determined SL
5. never allow your trades to trade beyond your pre-determined SL so when it hits it move onto the next trade
6. initially you should limit your entries per cycle to maybe 1 to 3 trades maximum and trade only 1 cycle

Note: It will be a challenge!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,312
  • Oct 12, 2015 12:08pm Oct 12, 2015 12:08pm
Thank You Mr. Masterrmind for such a long answer !! very very appreciation for You !
So i decide to trade by myself starting on Tokyo sesion(+ 5 hours or latter parts of NY session) by siting in front of PC and monitoring all situation. Only 1 cycle per day (MAXIMU 2 - but it could be risky for me...)
What i saw (in past) that price sometimes shoot VERY aggressively in the opposite direction ( like -50 pips) but soon or later it come back and we could close trade with profit but its risky...


Have a great trading!
  • #1,313
  • Oct 13, 2015 10:46am Oct 13, 2015 10:46am
I want to trick this last version of shaolinquantum EA modified by cipan into waiting till x box before first entry by leaving entry lots setting at 0 till the desired number of entry to be waited. Currently I have it setup in usdcad, gbpusd, eurchf and eurgbp for Asian section tonight. Hope it works! May I request for this indicators to be inculcated one for objective Q setting on different pairs, the other for entry / extra entries conditions as i posted in the "non EA thread" of this system http://www.forexfactory.com/showthre...47#post8537547
  • #1,314
  • Oct 13, 2015 2:17pm Oct 13, 2015 2:17pm
Materrminde or Cipan... one more question:
What would be suitable/reliable SL ? ( for example -100pips would be good?)

I ask because You guys have more experience and you know for sure how much more or less price can go in the opposite direction before it hits the target TP

Regards
Overpower!
  • #1,315
  • Oct 13, 2015 3:26pm Oct 13, 2015 3:26pm
Hi all,
why EA dont open trade? can anybody help, please?

thank you so much
Attached Image (click to enlarge)
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  • #1,316
  • Oct 13, 2015 10:22pm Oct 13, 2015 10:22pm
ShaolinQuant,

I am testing your V1.3.2 and I find the following issues:

1. If for any reason the platform closes, any open positions are ignored and the EA restarts its cycles and ignores previously opened trades
2. If any adjustment is made to the settings in the ea it also restarts the cycles and ignores previously opened trades

This may create an issue when we have unplanned shutdowns or platform freezes. The EA needs to "remember" what has happened or is happening IE open positions.

Your thoughts on this?

Thanks for your efforts
maahome
  • #1,317
  • Oct 13, 2015 10:24pm Oct 13, 2015 10:24pm
Quoting xjonasx
Hi all, why EA dont open trade? can anybody help, please? thank you so much {image}
It is hard to tell from your screen shot. V1.3.2 does not work off the Quantum stochastic as far as I know. You need to have the standard quantum indicator in the indicator folder - you may also want to put it on the chart to see if it is working as you expect.

Regards
maahome
  • #1,318
  • Oct 13, 2015 11:44pm Oct 13, 2015 11:44pm
Quoting maahome
{quote} It is hard to tell from your screen shot. V1.3.2 does not work off the Quantum stochastic as far as I know. You need to have the standard quantum indicator in the indicator folder - you may also want to put it on the chart to see if it is working as you expect. Regards maahome

Thanks, just one works, and sometimes omits trade - a pity, because it is in my opinion the "best" version. again thanks a lot
  • #1,319
  • Oct 14, 2015 12:07am Oct 14, 2015 12:07am
Quoting xjonasx
{quote} Thanks, just one works, and sometimes omits trade - a pity, because it is in my opinion the "best" version. again thanks a lot
I think Cipan produced a version that works with the stochastic - check his posts

regards
maahome
  • #1,320
  • Oct 14, 2015 12:47am Oct 14, 2015 12:47am
Quoting maahome
ShaolinQuant, I am testing your V1.3.2 and I find the following issues: 1. If for any reason the platform closes, any open positions are ignored and the EA restarts its cycles and ignores previously opened trades 2. If any adjustment is made to the settings in the ea it also restarts the cycles and ignores previously opened trades This may create an issue when we have unplanned shutdowns or platform freezes. The EA needs to "remember" what has happened or is happening IE open positions. Your thoughts on this? Thanks for your efforts maahome
I'll look into it, thanks
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