Quantum London Trading Custom EA | Page 68 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Quantum London Trading 4,442 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 Custom EA
Exit Attachments

Quantum London Trading Custom EA

  • #1,341
  • Oct 14, 2015 10:38pm Oct 14, 2015 10:38pm
ShaoLinQ,

I was trading your EA on Oanda MT4 demo, it was fine but now it somehow could not open trade after the first cycle is closed. Under "Journal", it says Hedge is prohibited.

Any idea how to get around this?

Thanks!
  • #1,342
  • Oct 14, 2015 11:33pm Oct 14, 2015 11:33pm
Quoting overpower
Surgefx what is OB mean ? and what is Bressert indicator ? could You post it here ? Best way to show would be post here a screen shot of Your template mate
OB = over bought
OS = over sold

The thinking behind an over bought zone is that it is expected that price will soon reverse and head Downwards
The thinking behind an over sold zone is that it is expected that price will soon reverse and head Upwards

Understand what a stochastic, RSI, CCI or any other oscillator is attempting to tell you.

It is not inferring that price will definitely reverse once it gets into the 20 or 80 level on the oscillator.

Trades should never ever be taken based on the indication of OB or OS..... this is a major error!

Rather the OB and OS zones are simply a little reminder to the trader that perhaps it is time to firstly check the chart structure, then consider reducing some or all positions that are currently open, take some profit and think about tightening up your stops.

Do not think that since price has entered into the OB or OS zone that it must now reverse.......... completely wrong!

Price will continue to travel in whatever direction the market decides to push it!

As an exercise I strongly suggest that you look at the stoch or RSI or CCI on a M1 chart and discover how many times it fails.

Then continue on an M15, H1, H4 and D1 chart and note any differences in the frequency of failures.

This will enlighten you!

ps. just remember that these are all tools to assist and should never be the sole reason for entering a trade...never!

Good trading,

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #1,343
  • Oct 14, 2015 11:54pm Oct 14, 2015 11:54pm
This sounds like an interesting approach, I'd like to try it semi-auto alongside with 1.6.1

What dashboard are you refering to?

(Excuse me if this has been discussed recently; I've been away from the thread for a few days and I couldn't find any dashboard in the attachments recently)

Thanks!



Quoting ShaolinQuant
{quote} Hi there, I too am having success combining dashboard and quantum. Basically, I look at the dashboard to determine which pairs to target buy/sell based on strength/trend. Then I open a 1m chart and set Q values which look like they'll generate nice entries, looking to catch trades in the direction indicated by the dashboard. Honestly not really using the EA much, just manually looking at dashboard and quantum indicator. I like stick to the same sessions, usually Asia since that works best with my schedule. I have done much coding in Python...
  • #1,344
  • Oct 15, 2015 12:42am Oct 15, 2015 12:42am
Quoting acostafulano
This sounds like an interesting approach, I'd like to try it semi-auto alongside with 1.6.1 What dashboard are you refering to? (Excuse me if this has been discussed recently; I've been away from the thread for a few days and I couldn't find any dashboard in the attachments recently) Thanks! {quote}
Hi Acosta, I was referring to this method http://www.forexfactory.com/showthread.php?p=8541315 There's quite a few versions floating around and if you search the posts of user Gvc and Hotpotato in that thread, you can get everything you need to get started. I'm still experimenting with it but it's very interesting to look at when multiple timeframes start to lineup, and overall strenght/weakness for a currency.
  • #1,345
  • Edited 2:13am Oct 15, 2015 2:00am | Edited 2:13am
Quoting Masterrmind
{quote} OB = over bought OS = over sold The thinking behind an over bought zone is that it is expected that price will soon reverse and head Downwards The thinking behind an over sold zone is that it is expected that price will soon reverse and head Upwards Understand what a stochastic, RSI, CCI or any other oscillator is attempting to tell you. It is not inferring that price will definitely reverse once it gets into the 20 or 80 level on the oscillator. Trades should never ever be taken based on the indication of OB or OS..... this is a major error!...
Good explanation. I never insinuated using OB and OS alone.
Meanwhile for that GU scenario using my most conservative approach here are the steps
1) Apply the average adr as QDE , QDC= average ADR/2.
2) Wait for 7 Q boxes.
3) Wait for the bressert indy from 5Min to enter OB (for sell), OS for buy and then its colour conforms with Q signal from 1MIN. Then place first trade
4) For Extra entries wait for bressert indy to re-enter OB/OS and colour change combined with 15 pips distance between trades.
5) Start looking for Breakeven after 3 entries. After breakeven you can reenter now at a better price with half of the previous total number of lots of trades which were closed at breakeven. if this is coded for backtest to prove its ability to withstand and minimize drawdown it will be worth it.
This will survive most scary cases like the one on GU yesterday.
  • #1,346
  • Oct 15, 2015 2:18am Oct 15, 2015 2:18am
Very much a case of when and how you want to use it. I like to have 1 cycle and then I am done (GU):

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 9 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 6 KB


The pink box is my trade time window.

Cheers
maahome
  • #1,347
  • Oct 15, 2015 10:41am Oct 15, 2015 10:41am
Quoting acostafulano
This sounds like an interesting approach, I'd like to try it semi-auto alongside with 1.6.1 What dashboard are you refering to? (Excuse me if this has been discussed recently; I've been away from the thread for a few days and I couldn't find any dashboard in the attachments recently) Thanks! {quote}
This is a dashboard that i have created in order to test this method. I am using it to monitor trades that I place on Oanda's FXtrade platform and to watch various indicator values while the trades are being opened and closed. Still testing, but if I find anything of value I will post it here.
  • #1,348
  • Oct 15, 2015 10:26pm Oct 15, 2015 10:26pm
Quoting GEOFFREY62
Hi Maahome,Q I have the Ea set up on GBP/USD with Shaolins default settings i.e. 240/240 00:00 /08:00 gmt witch is 3am on FXPRO platform First quantum signal was at 3.16am. on chart and then another 34 signals the last one at 6.37am on the chart, exit Quantum was at 10.18am on chart. Plenty of funds in the account . I have minimum points between trades set at 0 on the EA. Geoff

Hi,

I am not sure but I would remove the EA from the chart, close the platform and restart then place the EA back on the chart. The min distance is not a good idea to have at 0, I think you are better to stick with the 50 personally but that is your choice.

EA's sometimes simply get stuck and need to be rebooted Give it a try

Regards
maahome
  • #1,349
  • Oct 16, 2015 3:21am Oct 16, 2015 3:21am
Quoting cipan
{quote} Credit to Vlad and Shaolin at the first place please use these latest versions as per screen shot in responds to Anawenta, I modified these two versions as per screen shots with individual lot size I know it is troublesome to key in from lot1 to lot40 (lot 41) with follow lot 40 I am still insist later to use Vlad version, but now still correcting it for banking 600 from 300 two weeks, I using set file from ori 132 shaolin both gu and eu Q value but unlimited cycle and trades with 0.01 all with min entries 50, and mon to fri, the interesting...
Hi Cipan,
First of all thanks to all for the effort here,
I tried your modified EA (quantum_shaolin132_One_Timeslot_Dayoption_IndivLot1toLot40) I like that is so simple and practical, without many filters and options... I just wonder why it stopped taking trades tonight during its daily cycle.
Max Trades Per Trading Window (0 = unlimited) = 0
Max Cycles Per Trading Window (0 = unlimited) = 1
Order Slippage = 10
Minimum Points Between Trades (Eg 50 = 5 pips) = 10
Order slippage is the max slippage allowed? This is the only reason that occurred to me...

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2015-10-16 a las 10.08.12.png Size: 37 KB
  • #1,350
  • Oct 16, 2015 5:18pm Oct 16, 2015 5:18pm
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.
Week 3 results :

1.6.1 EA.
EURGBP pair
725 Q setting.
Semi automated trading. Means opening of trades by EA.
Closing of trades ( at times ) manually when happy with profits by all close script.
Profit for this week : 567 $.
Max DD for this week : 550 $ ( Around 5 % )
Start of EA trading : 29-09-2016
Total profit until 16/10/2016 : 1718 $. ( 17 % of capital )
Initial capital : 10 k.
Intraday only.
  • #1,351
  • Oct 16, 2015 5:22pm Oct 16, 2015 5:22pm
Quoting navk
{quote} Week 3 results : 1.6.1 EA. EURGBP pair 725 Q setting. Semi automated trading. Means opening of trades by EA. Closing of trades ( at times ) manually when happy with profits by all close script. Profit for this week : 567 $. Max DD for this week : 550 $ ( Around 5 % ) Start of EA trading : 29-09-2016 Total profit until 16/10/2016 : 1718 $. ( 17 % of capital ) Initial capital : 10 k.

Very impressive !!

Set EA on 24/5 ? or only Tokyo sesion ?
  • #1,352
  • Oct 16, 2015 5:34pm Oct 16, 2015 5:34pm
Quoting overpower
{quote} Very impressive !! Set EA on 24/5 ? or only Tokyo sesion ?
yes 24x5 trading.

It needs 10k capital.
Watching the trades closely is required.
I do not allow at times EA to close, manual intervention is required to close profitable basket trades.
Intraday only.
  • #1,353
  • Oct 16, 2015 6:30pm Oct 16, 2015 6:30pm
Great! now i need only 10k $ hehe
  • #1,354
  • Oct 17, 2015 4:34am Oct 17, 2015 4:34am
Quoting navk
{quote} yes 24x5 trading. It needs 10k capital. Watching the trades closely is required. I do not allow at times EA to close, manual intervention is required to close profitable basket trades.
Do you use 725 Q for both entry and exit? Thanks.
  • #1,355
  • Oct 18, 2015 12:33am Oct 18, 2015 12:33am
Quoting navk
{quote} Week 3 results : 1.6.1 EA. EURGBP pair 725 Q setting. Semi automated trading. Means opening of trades by EA. Closing of trades ( at times ) manually when happy with profits by all close script. Profit for this week : 567 $. Max DD for this week : 550 $ ( Around 5 % ) Start of EA trading : 29-09-2016 Total profit until 16/10/2016 : 1718 $. ( 17 % of capital ) Initial capital : 10 k.
Hi Navk,

The best approach always appears to be when cycles of trades are monitored and acted upon by an informed trader.

I ran the EURGBP [M1; 725 - 725] pair through the strategy tester on MT4 (with so-so 25% quality data) and over the last 3 weeks the results came out quite good.

3 weeks of trading 10K gave a profit of 19K+ for a balance = 29K.

About 190% gain in 3 weeks (based on this data)

Average profit trades about 10 times greater than average losing trades ($49.43/$4.76) which is a great statistic to have.

Maximal DD about 33% and would need to lower this value by about half even if it means lower profit.

Protecting the account is paramount so measures need to be put in place to ensure the account does not breach a defined DD level!

Default settings (except for QDE = 725 and QDC = 725):

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 83 KB


The chart:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB


The summary:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 23 KB


By monitoring the cycles of trades and closing out profitable trades earlier means that the net profit could likely be less but that's a reasonable price to pay if it means the account margin levels remain 'healthy'.

Although this little 3 week period is certainly not representative of a much longer term period it certainly gives me enough reason to believe that the EG pair is worth further analysis.

====================================================================================================

The EURCHF [M1; 725 - 725] pair over the same 3 week period produced the following:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 20 KB


10K made a gain of about 70% (7K)

Maximal DD of 19% and again the average profit trades were 10 times greater than the average losing trades ($20.58/$2.20)

Nice result but yes only based on poor data.

It is the trends that are worth considering here not so much the quality of the data although much higher quality data should definitely be used at a later stage in the comparisons.

Note: the big jumps in the equity curve look great but they actually represent the account going into greater DD and therefore greater risk with maximum lot size in the progression hit at 0.89 lots.

Refining the lot size progression should be considered to reduce the expected DD issues and controlling the risk on the account should always be the key objective.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,356
  • Oct 18, 2015 11:47am Oct 18, 2015 11:47am
Quoting hibernate
{quote} Do you use 725 Q for both entry and exit? Thanks.
Yes, Q725 for entry and exit. But that Q number alone is not important. Trade sizes are very important too to control DD.

See the trade sizes I mentioned somewhere in my earlier posts.
Intraday only.
  • #1,357
  • Oct 18, 2015 11:52am Oct 18, 2015 11:52am
Quoting Masterrmind
{quote} Hi Navk, The best approach always appears to be when cycles of trades are monitored and acted upon by an informed trader. I ran the EURGBP [M1; 725 - 725] pair through the strategy tester on MT4 (with so-so 25% quality data) and over the last 3 weeks the results came out quite good. 3 weeks of trading 10K gave a profit of 19K+ for a balance = 29K. About 190% gain in 3 weeks (based on this data) Average profit trades about 10 times greater than average losing trades ($49.43/$4.76) which is a great statistic to have. Maximal DD about 33% and...
I agree with your statement. That is the reason I close basket trades at time manually when I am happy with certain profit.

May be true if I allow the EA to close, the profits may be bigger but at the same time DD also would be bigger in that case.

Which basket usually has more profit? It is the basket lot. This week at some point, the EA had a basket of 1.55 lot and that basket produced good profit ( closed manually )

So I will continue testing in the same way as I did in the last three weeks. Profit wise I am happy and I am able to control DD since I close some baskets in profit manually.
Intraday only.
  • #1,358
  • Oct 18, 2015 11:25pm Oct 18, 2015 11:25pm
Quoting navk
{quote} I agree with your statement. That is the reason I close basket trades at time manually when I am happy with certain profit. May be true if I allow the EA to close, the profits may be bigger but at the same time DD also would be bigger in that case. Which basket usually has more profit? It is the basket lot. This week at some point, the EA had a basket of 1.55 lot and that basket produced good profit ( closed manually ) So I will continue testing in the same way as I did in the last three weeks. Profit wise I am happy and I am able to control...
Thats great Navk............

Monitoring, adjusting and closing trades or cycles of trades by an informed and knowledgeable trader is paramount to the overall success rate.

I tested the pairs EURCHF, EURGBP and GBPUSD over 12 months, 3 years and then longer term.

Very interesting results............ I used [M1; 325 - 325; 725 - 725 and 325 - 725].

The overwhelming survivor was the EURCHF pair!

Considering that the SNB incident is highly unlikely to be repeated again (possible but perhaps not for decades) this pair looks great to trade 24/5.

However, I would always monitor it at times throughout the day and especially prior to any red news or similar events coming out.

Masterrmind............
Master your Mind then Master your Trades
  • #1,359
  • Oct 19, 2015 2:16am Oct 19, 2015 2:16am
Quoting Masterrmind
{quote} Thats great Navk............ Monitoring, adjusting and closing trades or cycles of trades by an informed and knowledgeable trader is paramount to the overall success rate. I tested the pairs EURCHF, EURGBP and GBPUSD over 12 months, 3 years and then longer term. Very interesting results............ I used [M1; 325 - 325; 725 - 725 and 325 - 725]. The overwhelming survivor was the EURCHF pair! Considering that the SNB incident is highly unlikely to be repeated again (possible but perhaps not for decades) this pair looks great to trade 24/5....
Hi Mastermind - we ran some tests on the EURCHF also using 240/240 but only trading 01:00 to 07:59 GMT - results were good for an unattended set up

Regards
maahome
  • #1,360
  • Oct 19, 2015 2:19am Oct 19, 2015 2:19am
Quoting ShaolinQuant
{quote} I'll look into it, thanks
Hi Shaolin - have you been able to resolve the EA not restarting the cycle when it is re installed when trades are open?

Cheers
maahome
0 traders viewing now