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Quantum London Trading Custom EA

  • #1,381
  • Oct 22, 2015 6:18pm Oct 22, 2015 6:18pm
Quoting keziahpie
Need help. I want to trade Japan opens + 5 hours and I am using IC Market mt4. Anyone one what I should key in the EA for time? Thanks
Check your broker time and then work out when Tokyo Open starts (you can double check this by referring to FF Market Tab) ...

The time entered in the EA for trading window end time will simply be your start time + 5 hours.

As an example my broker is GMT +3 so Tokyo kicks off at 3:00 for me and 5 hours later it will be 8:00

Therefore I enter start time = 3 and end time = 8

Make any alterations related to DST changes.

Always take a second look at the FF Market tab to make sure your start time coincides and then you know you are right!

Masterrmind............
Master your Mind then Master your Trades
  • #1,382
  • Oct 22, 2015 6:33pm Oct 22, 2015 6:33pm
Quoting Masterrmind
{quote} Check your broker time and then work out when Tokyo Open starts (you can double check this by referring to FF Market Tab) ... The time entered in the EA for trading window end time will simply be your start time + 5 hours. As an example my broker is GMT +3 so Tokyo kicks off at 3:00 for me and 5 hours later it will be 8:00 Therefore I enter start time = 3 and end time = 8 Make any alterations related to DST changes. Always take a second look at the FF Market tab to make sure your start time coincides and then you know you are right! Masterrmind............
Just a quick add - depending on which version you are using - ShaolinQuant's version has automated GMT coded in so if you are using that then you need to enter times in GMT.

On another note anyone backtesting these EA's please be aware that MT4 Strategy Tester ignores GMT settings so if I have a +3 GMT broker and I want to trade say 0:00GMT to 8:00GMT then I would need to enter times +3 so it would be 3:00 to 11:00 in the backtest (this only applies if you are using the Automated GMT versions).

Regards
maahome
  • #1,383
  • Oct 23, 2015 6:38am Oct 23, 2015 6:38am
Quoting Masterrmind
{quote} The best pair to trade over time (neglecting the SNB which is unlikely to occur any time soon or again!) was the EURCHF pair. There will always be small periods of historical data that produce a better result from say another pair but its important to look at multiple periods of historical data (1 week, next month, previous 3 months, prev. 6, 9, 12, previous year, prev 2..... up to 10 years) This is what I did for EURCHF pair and then I did the same for multiple other pairs and multiple other combinations to simply form an opinion that the...
In the hard test with eurgbp and eurchf, yesterday after Drafgi speech, EURCHF survived and made nice profits. EUGBP made 19 % loss.

So my conclusion is this : EURGBP can be traded with 725 setting. But during important news release days, the EA to be " off"

I wanted the give a hard 'test" to the EA.
Intraday only.
  • #1,384
  • Oct 23, 2015 7:55am Oct 23, 2015 7:55am
Quoting navk
{quote} In the hard test with eurgbp and eurchf, yesterday after Drafgi speech, EURCHF survived and made nice profits. EUGBP made 19 % loss. So my conclusion is this : EURGBP can be traded with 725 setting. But during important news release days, the EA to be " off" I wanted the give a hard 'test" to the EA.
Its always a good idea to test it during the hardest of times and then make an 'educated' guess as to how likely such an extreme event is likely to occur.

As you have seen the EURCHF cruised right through the danger zone and out the other side relatively unscathed.

Masterrmind............
Master your Mind then Master your Trades
  • #1,385
  • Oct 23, 2015 8:19am Oct 23, 2015 8:19am
[quote=navk;8555741]{quote} But during important news release days, the EA to be " off"

Would it be possible to incorporate a "red news" filter into the EA?
  • #1,386
  • Oct 23, 2015 8:22am Oct 23, 2015 8:22am
[quote=Rippin;8555980]
Quoting navk
{quote} But during important news release days, the EA to be " off" Would it be possible to incorporate a "red news" filter into the EA?
Some manual intervention is always required for this EA.

I would prefer the trader to switch "off" based on news impact.
Intraday only.
  • #1,387
  • Oct 24, 2015 4:20am Oct 24, 2015 4:20am
Quoting Masterrmind
{quote} The best pair to trade over time (neglecting the SNB which is unlikely to occur any time soon or again!) was the EURCHF pair. There will always be small periods of historical data that produce a better result from say another pair but its important to look at multiple periods of historical data (1 week, next month, previous 3 months, prev. 6, 9, 12, previous year, prev 2..... up to 10 years) This is what I did for EURCHF pair and then I did the same for multiple other pairs and multiple other combinations...


The SNB has a floor or a ceiling..... and once the floor/ceiling is reached....they intervene.

EURCHF is always the worst affected once this happens.

If and when that Ceiling is reached they will intervene ......

Either it is next week...next month or next year....

They don't have a time..but a price.

Cheers.
It Is Well With My Soul..(Amen)
  • #1,388
  • Oct 24, 2015 5:05am Oct 24, 2015 5:05am
Quoting babasemi
{quote} The SNB has a floor or a ceiling..... and once the floor/ceiling is reached....they intervene. EURCHF is always the worst affected once this happens. If and when that Ceiling is reached they will intervene ...... Either it is next week...next month or next year.... They don't have a time..but a price. Cheers.
This is what I was referring too.........

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB


Unlikely but not impossible to occur again......

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #1,389
  • Oct 24, 2015 7:12am Oct 24, 2015 7:12am
Quoting Masterrmind
{quote} This is what I was referring too......... {image} Unlikely but not impossible to occur again...... Masterrmind............ :nerd:
yes.....i know.....and again i say... it will Definitely happen again....

There is currency war going on between states...... SNB ceiling is 1.2!!!! (to EURO)

Once it gets there.....anything can and will happen.

Having said that.....

From all the goodness you have shown us all of this system...there may be hope.

Because you have shown us that the system works well in Asian Session and ECHF doesn't generally move much in this session.....

Coupled with the fact that SNB never and wouldn't carry out any intervention in this time slot (they have always done it during the London Session)

Therefore it will be logical to think this pair will be save to trade with this system as you have shown to us.

N-B....

Once again..... Thank you so much for all you have done on this forum......
It is a great Honor and Privilege to have known you ..( and same goes to countless others .....too many to mention.....that give freely on FREE SHARING forums worldwide)
You show daily by your actions ..that....Somehow ....there is still Hope for Humanity.

Regards to your loved ones.
It Is Well With My Soul..(Amen)
  • #1,390
  • Oct 24, 2015 12:10pm Oct 24, 2015 12:10pm
Cipian, Shaolin, Denya, Vlad, Mastermind, FerruxFX guys am lost...my EA doesn't work again., Can we make this EA very simple again. Just Quantum setting, 300(changeable), Time Open, Time close and maybe Time to move to Breakeven, TP and Sl...I will greatly appreaciate...I want to keep it simple, I think it will work for me so
  • #1,391
  • Oct 24, 2015 11:40pm Oct 24, 2015 11:40pm
Quoting babasemi
{quote} yes.....i know.....and again i say... it will Definitely happen again.... There is currency war going on between states...... SNB ceiling is 1.2!!!! (to EURO) Once it gets there.....anything can and will happen. Having said that..... From all the goodness you have shown us all of this system...there may be hope. Because you have shown us that the system works well in Asian Session and ECHF doesn't generally move much in this session..... Coupled with the fact that SNB never and wouldn't carry out any intervention in this time slot (they...
There is no longer a ceiling for the CHF to the EURO.................

"For years, the Bank has intervened in foreign exchange markets to prevent the Swiss franc from appreciating above its euro exchange rate cap, set at 1.20 francs per euro in September 2011. In January, the SNB abruptly abandoned its currency peg as the European Central Bank geared up for its 1.1 trillion quantitative easing programme. That caused the franc to immediately jump in value by more than 20% against the euro.
Scrapping the currency peg has had two nasty consequences. First, the appreciation of the franc made Swiss exports more expensive for foreigners, prompting the Swiss economy to start shrinking in the first quarter of 2015. Second, the depreciation of the euro against the franc led to significant currency losses on the SNBs $550 billion foreign-exchange reserves, of which some $230 billion is held in the single currency. This alone accounted for 94% of the central bank's losses in the first half of the year."

Source: http://www.economist.com/blogs/freee...-national-bank

Masterrmind............. :nerd:
Master your Mind then Master your Trades
  • #1,392
  • Oct 26, 2015 5:31am Oct 26, 2015 5:31am
Dear Mastermind,

If I want to do 24 hours trading in quantum_shaolin EA then what would be my time setting that is Trading window start time and trading window end time.



Regards,
Aurobinda
  • #1,393
  • Edited 6:17am Oct 26, 2015 6:06am | Edited 6:17am
Quoting Aurobinda
Dear Mastermind, If I want to do 24 hours trading in quantum_shaolin EA then what would be my time setting that is Trading window start time and trading window end time. Regards, Aurobinda
It would be 0:00 start and 23:59 stop with cycles 0 and whatever max trades per cycle you want

maahome
  • #1,394
  • Oct 27, 2015 8:49pm Oct 27, 2015 8:49pm
This is such a wonderful EA! up to a point, that is. Since yesterday EURAUD had several trades, beautiful cycles, that were quit positive. Everything fantastic until the AUD news about an hour ago that caused a 150 pip spike! tons of sells open. It'll probably meander down a bit, find a buy signal, and close out for huge loss.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 1026-1027.JPG Size: 130 KB




Wondering if anyone could please incorporate FFCAL.mq4 as a filter into v1.6.1.
Attached Image
Attached File(s)
File Type: mq4 FFCal.mq4   47 KB | 565 downloads
  • #1,395
  • Oct 27, 2015 8:57pm Oct 27, 2015 8:57pm
Yes

I need this for me :-(

Quoting Rippin
This is such a wonderful EA! up to a point, that is. Since yesterday EURAUD had several trades, beautiful cycles, that were quit positive. Everything fantastic until the AUD news about an hour ago that caused a 150 pip spike! tons of sells open. It'll probably meander down a bit, find a buy signal, and close out for huge loss. {image} Wondering if anyone could please incorporate FFCAL.mq4 as a filter into v1.6.1. {image} {file}
  • #1,396
  • Oct 28, 2015 10:03am Oct 28, 2015 10:03am
Quoting Rippin
This is such a wonderful EA! up to a point, that is. Since yesterday EURAUD had several trades, beautiful cycles, that were quit positive. Everything fantastic until the AUD news about an hour ago that caused a 150 pip spike! tons of sells open. It'll probably meander down a bit, find a buy signal, and close out for huge loss. {image} Wondering if anyone could please incorporate FFCAL.mq4 as a filter into v1.6.1. {image} {file}
One of the reasons why I posted Uranus EA (which already has news filter ) so quantum indy and parameters can be added . There is a big room for improvement of this system in the direction of news filter unless one keeps "manually" avoiding news pairs. that spike and the associated drawdown is avoidable by the single auto news filter feature .
  • #1,397
  • Oct 28, 2015 12:35pm Oct 28, 2015 12:35pm
Quoting Rippin
This is such a wonderful EA! up to a point, that is. Since yesterday EURAUD had several trades, beautiful cycles, that were quit positive. Everything fantastic until the AUD news about an hour ago that caused a 150 pip spike! tons of sells open. It'll probably meander down a bit, find a buy signal, and close out for huge loss. Wondering if anyone could please incorporate FFCAL.mq4 as a filter into v1.6.1. {file}
Rippin,

EURAUD is one of the most volatile pairs. In my humble opinion Quantum is only profitable with lower ranging pairs in the long run and then only with 1 or 2 cycle at a 'slow' period time of day.
In your example at what point would you have stopped the trading? The price started to go up about 2 hours before the spike. Plus you need a reasonable stop loss so you don't loose the gains of many past profitable cycles in one bad trade.

I have tested Quantum extensively over the past 2 months and without a stop loss and a certain period of day you won't be profitable in the long run....

Just my 2 pips worth. Green pips to you!
  • #1,398
  • Oct 28, 2015 8:40pm Oct 28, 2015 8:40pm
Quoting Silicus
{quote} at what point would you have stopped the trading?
Silicus, I appreciate your response and sharing your experience. This is a difficult question, so many issues. 1.6.1 started taking shorts 12 hours before this particular news event. Most of the damage was done was done within 7 hours due to trade sizing. If you did that for every red news event, that would probably cut out huge trading windows at certain times of the month.

A stop loss of 30 pips would have avoided much of this disaster but still would have captured serious losses, probably unsustainable over the long run.

I need more testing and experience. Working on that.

Can you please share your findings with respect to stop loss? What's a good number? have you ever tried a variable sl such as ATR(n)?
  • #1,399
  • Oct 28, 2015 8:43pm Oct 28, 2015 8:43pm
Quoting Surgefx
{quote} One of the reasons why I posted Uranus EA (which already has news filter ) so quantum indy and parameters can be added . There is a big room for improvement of this system in the direction of news filter unless one keeps "manually" avoiding news pairs. that spike and the associated drawdown is avoidable by the single auto news filter feature .
Thanks! I'll give that a try. Do you have any recommendations as to how much time buffer to allot to red news?
  • #1,400
  • Oct 28, 2015 9:58pm Oct 28, 2015 9:58pm
Quoting Rippin
{quote} Can you please share your findings with respect to stop loss? What's a good number? have you ever tried a variable sl such as ATR(n)?
Rippin,

On your screenshot I see a few winning cycles. The way I trade with Quantum is that I take the average winning cycle profit and multiply it by 1.5 or so.
Lets say the average winning cycle is $10, just for an example sake, than my max $ SL is $15 so I never loose more than the amount of 1.5 winning cycles.

But I do not trade 24/5. I trade late US (20 to 23 Broker time) Asia and Frankfurt (9 to 10 Broker time - Pre-London) sessions and only one cycle each. I also do quite a few manual closings, I do not rely on the EA blindly. The point is that you need to use SL that keeps you in the green in the long run...

A lot of backtesting and then forward testing is needed....
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