Quantum London Trading Custom EA

thanks maahome. how can i missed that.

Hi i like the ea and i like to trade with this . can someone share the good set filie

hi, if my broker is - gmt, how should i set it? My broker time when it is tokyo market is 20:00 (start).
So i key in 20:00 till 23:59.
The EA
broker time : 2015.11.16 22:08:22
gmt time : 2015.11.17 03:09:28
shows time open (gmt) : 2015.11.17 20:00:00
time close (gmt): 2015.11.17 23:59:00

What are you asking? What hours do you want to trade? Please be more specific with your question. do you want totrade X hours to x hours based on Tokyo time or gmt time? The ea version you are using works on GMT time regardless of what time your broker uses

Regards
maahome

my apologize, i just want it to run for tokyo market. so the right way is to set to 0:00 till 04:59 ( tokyo market starts + 5hours)
is it correct? thanks, did not realise the version will enter base on GMT time. thanks.

Tokyo is GMT +9:

Tokyo (Japan) Tuesday, 17 November 2015, 09:00:00 JST UTC+9 hours
London (United Kingdom - England) Tuesday, 17 November 2015, 00:00:00 GMT
UTC Corresponding UTC (GMT) Tuesday, 17 November 2015, 00:00:00

so to trade the start of the Tokyo market the start time will be 00:00 and then whatever end time you wish to stop taking trades - your times above give you a 5 hour window (4hrs and 59 minutes actually), This means the EA can place trades during those hours only.

Hope it helps.....
Regards
maahome

Hi all,
I read every page here and it is very interesting.
I tested Quantum London Trading EA v1.6.1.ex4 with different settings and pairs and here we go GBP/JPY shows as little as 7,72% DD with these settings for the last two months.Not bad at all

anyone getting order send error:4109 after todays mt4 update on v1.6.1ea?

You Guys still test this EA ... but Masterrmind and other MORE experience guys say allready that this EA (run 24h/5 ) soon or later will vanquish Your account....
not recomended at all...

So what then?

Manual play...

i thought mastermind was using ea to open trades and manually closing them (also adding sl manually/script) am i wrong?

I use the EA (1.6.1 modified) as a tool to open and also to close trades however, and this is important, depending on the progress of trades being monitored in a cycle of trades I may also close out some or all trades at key levels of support/resistance manually.

The EA is most useful for the lower TF entries (although at times I may use it for higher TF's) due to the frequency of entries generated on a 'trending' market. Be it a small or a larger trend.

The SL and also TP settings for every trade taken can also be applied using the EA. However, say I apply an EA SL setting of 100 pips for example, then what I may do is move the SL lines to where I believe a more appropriate location is based on a previous analysis of the likely trading ranges within a given trading window. As I've mentioned many times before depending on the overall chart outlook the SL will usually be placed about 10-20 pips maybe more on the other side of a key level of S/R, Fib ratio or any number of other determinants that I apply each day.

It is a different analysis performed depending on the type of pair being traded...... turtle, moving, volatile, highly volatile pair.

I am now very happy with my turtle pair strategies and have now been looking and trading the volatile pairs on the lower TF charts.

On the H1 and H4 TF charts I continue to trade the volatile/highly volatile pairs (EA, EN, GA, GN, GCad and GJ) but depending on the chart I may also trade any other pair.

ps. EA is applied for entry and exit but closing manually or with a script is also used as required.

Good trading,

Masterrmind..............

Ok I've read everything in this thread and I have a few questions for you Mastermind as you seem to be the most experienced with the system. In the last few pages you wrote a few very good posts explaining to us inexperience Q traders how to best use the EA and trade this strategy. I want to demo test this system the way I will be trading in real life and that includes same size as my live account. Considering my live account is around $850 and I will be trading the Tokyo session here are my questions:

1. Somewhere in this thread a poster recommended to stay away from the first hour of Tokyo session. From your experience do you recommend it as well?
2. I understand this system works best when it is ranging but not too tight because it will have a better chance to reverse. Am I correct?
3. I am planning to keep the lot size to 0.01 and keep the max # of trades to 7 and trade every certain amount of pips. What would be a good step according to you?
4. I don't want wasting time testing pair I will not be trading due to my account size. I know you mentioned a few different pairs that would be good to trade but from your experience could you put them in order of preference again considering my account size and TF.(M1 - Tokyo)? With this system do I want more or less volatile pairs?
5. I'm a little confused with regard to Q settings. Is it better to have different Q entry and Q exit such as 300/200 or 300/300? What is the difference?
6. Last but not least many of you guys have said that manual close are necessary. Could you post a few examples that you needed to do that? This system is quite different than any other I have looked at so it would be great to visually have a few examples.

Sorry for all the questions but these were not clear to me going through the thread.
Thanks for your help.

Hi Mastermind,
Any insight on my questions above. Would really be appreciated.

Hi jpyp99,

Mastermmind is probably busy making loads of cash . Not knowing what leverage you have makes assumptions difficult regarding lot sizing. As for pairs, if you are trading the Asian session you may want to consider staying out of asian denominations in other words stick to something like EU GU EC atc.

If you look at a chart you will soon see that you are not going to have a lot of trades especially if you are skipping boxes as you mention above. You also have not mentioned how many trades/cycles you plan to use. This will also impact any calculations. assume that you are trading 10 cents a pip (not a point) then every 10 pips move is $1.00 per .01 trade lot (assuming you have a mini account). If you do your calculations based on that then you can work out how far you can go into the red before you will get stopped out.

As for the comment regarding the first hour, that was me and I have stuck by that as it works for my trade style, it may not work for someone else. As for the Q settings, again it gets down to your own requirements. I suggest you open a chart or a backtest and run the indicator with different settings and observe what occurs during the times you are wanting to trade in.

Regards
maahome

Hi maahome,
Appreciate your answer. My leverage is 1:100 I think. Will take all you said into consideration. I did try to do backtest but for some reasons I can only go back to Aug 8th so about 4 months. I don't understand why because I can go 3-4 years with other EAs. Four months gives me an idea but it is not enough for me to trust the results (not that I trust backtest anyway but you know what I mean).

Hi jpyp99,

I missed your post since you didn't quote me directly and I haven't been back to this thread for awhile but that's all good and yes I have been very busy but never too busy to respond to you.

Dot points of what I think are as follows and I have progressed quite far since this thread or the Quantum London Trading thread commenced:

1. Account is very underfunded for this type of trading so be prepared for some scary rides (trade only 0.01 lots/2-3 trade entries);
2. demo testing the EA is a great starting place (which EA will you be using?);
3. Run several Q value scenarios on turtle pairs (and volatile pairs if you wish so you can clearly see the difference and the potential DD dangers);
4. There are many combinations of Q entry, Q exit, trading window times and time frames to explore so run many of these in MT4 strategy tester;
5. The more scenarios of different pairs you run the better and more informed you become to the subtle differences;
6. test, test and test again....

Now realise that historical performance means little moving forward but it does give you some form of hope that a given strategy is worth trying or worth binning (throwing away).

Your account @ $850.

Develop a trading plan that makes sense based on your personality and availability to actively monitor your trades.

Set and forget approach via EA is unwise to say the least, you need to be prepared to act to cut/close out trades when price moves aggressively against you.

1. Test both EURCHF and EURGBP [M1; 200-350/200-550];
2. Trading window start time anywhere from start-of-day + 30 minutes to Tokyo Open through to trading window end time Frankfurt Open - 1 hour;
3. Test both pairs in the MT4 tester and choose one pair only (do not trade 2 pairs at the same time);
4. Be certain that you can baby-sit your trades from start to finish;
5. Red/medium impact news (what does history tell you?; if high impact news is set for NY session and you are trading the Tokyo session it may have little to no effect on your trading, the market can and does calm right down leading up to the news release- so be aware of this and factor it into your trading plan, if you have the slightest feeling that its not right to trade.... then DON'T trade since no-one is forcing you!)
6. Study price action and understand key support and resistance levels, pivot points, daily open line so you can observe price behavior at these levels and then choose to close out mini-clusters of trades as required;
7. Do not waste your time on applying stochastic, MACD, RSI or other oscillators on your chart as they will only confuse you and are certainly not necessary to trade this method;
8. Keep your chart as clean as possible but feel free to apply a S+R indi and a good pivot indi (showing mainly weekly and monthly data); and
9 Test, retest and refine your strategy on a continual and ongoing basis always looking for ways to improve it but never at the expense of your account especially DD, with a small account you need to watch the DD% so you should only start with 2-3 trades initially and slowly build your way up.

Mer has suggested that I start an Asian session thread for the quantum Strategy which I know would be a great idea but its simply my time to manage the thread effectively that concerns me as I know from other thread starters how time consuming the whole process can be.

Nevertheless, there is much to offer in trading this unusual style and I have thought about starting threads that apply a range of balances from say 500-999, 1001 - 4999, 5000 - 9999 and >10K because the strategies are very different for all of these ranges.

Hope I have been helpful and please ask any further questions you may have if clarification is required.

Good trading,

Masterrmind........... :nerd:

Become very familiar with your trading window pip ranges and go back at least a few years to gain an appreciation of a pairs likely trading range.

1. Turtle pair

EURCHF [H1; showing trading window ranges]



2. Volatile pair

GBPAUD [H1; showing trading window ranges]



Note 1: H1 TF used here to show some historical ranges from [Market Open + 1 hour] through to [Frankfurt - 1 hour] (Open + 8 hours)
Note 2: observe the huge difference in trading window pip ranges.

The idea behind historical range calculations is to build up an appreciation and an expectation of the likely ranges that could reasonably be expected to be encountered moving forward. There is no guarantee that future ranges will be anything similar to these but that's ok because now what you need to do is to protect your cycles of trades with appropriate locations for your stops such that if price moves beyond your expected ranges then you can adjust, modify or close out some or all trades.

Masterrmind...........

Now ask yourself how would you trade this pair ie EURCHF [M1; 200] on December 8 ?



Many hours need to be applied so you know exactly what you would or should do in 99% ( better @ 100%) of situations.

Remember that an important trading skill is your ability to react swiftly with a calm mind in a situation that is anything but calm!

Masterrmind........ :nerd: