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Quantum London Trading

  • #2,301
  • Nov 15, 2015 5:30pm Nov 15, 2015 5:30pm
Quoting overpower
{quote} Thank You Masterrmind for that lession ! i read this like 3 times hehe..I am very grateful!!. I now know how Q works and it how new boxes are created to set HH and LL. Thank You. But still dont know how to set my SL after that... in my understanding i make a SL size from HH to LL or HH&LL IS our SL ? i also NOT making LOT progression because of small account ... i rather prefer to make less trades... is that good or progression is necessary ? REgards Overpower!
A small account applied to this method will mean that you need to be very very careful...........

So initially and based on your account size you may need to apply the same lot size over all your entries until your account is sufficiently large enough to handle say a progression such as 0.01, 0.02, 0.03 etc for a given number of entries and depending on the trading window you decide to use (I'd suggest a very quiet, low range trading window but that's up to you).

When I apply my SL it is based on the following:

1. entry price
2. average trading window range; and
3. maximum trading window range

For example, if the average range of my preferred trading window was 50 pips and the maximum range was 100 pips then I measure above and below the entry price both 50 pips UP and DOWN and also 100 pips UP and DOWN and draw 2 sets of horizontal lines (using different colors or labeling the average and the maximum but usually the difference between AV and MAX on the M1 chart is very obvious (as you will see in time when you draw a few).

This has now created the 'raw' SL levels.

Now what I do is look for 000/50 levels (such as 1.51000/1.51500 etc), support and resistance levels, key levels and depending on your trading window start times the Daily Open line/price and make adjustments to the SL lines I drew on the chart.

This means that I may move the SL line 10-20 pips further away from entry price if I wish to place the stop on the far side of a S+R level.

After you go through this process a few times you will be a pro at it and it doesn't take long to perform at all.

You can make the SL of future trade entries the same as the 1st entry if you wish or simply apply the same criteria as for the 1st trade entry (entirely up to you)

After much experience you will get develop an expectation of where price is likely to go for a given pair you trade.

For some of the turtle pairs such as EURCHF and EURGBP I simply use a mental stop/hidden SL by script provided I am monitoring and keeping a close watch on all my trades. If I need to leave the office for up to an hour then I will make sure a hidden SL script is applied to protect my trades.

If I know I will be away from the office longer than a few hours then I will either close out trades in profit, apply a hard SL (broker registered) or have someone watch over the trades whilst I'm out.

Remember to take trading very seriously and protect your trades at all times..............

ps. if you had time over the weekend you should have already collected multiple data range points of your preferred trading window of all the pairs you are going to trade!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #2,302
  • Nov 15, 2015 6:54pm Nov 15, 2015 6:54pm
EURGBP [M1; 200 - 200/manual]

Started 1 hour prior to Tokyo Open this morning..........

Attached Image (click to enlarge)
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+91.3 pips in less than 60 minutes and closed out manually at the DO line!

Note how price lays out a fan of trades down towards major support and then turns its nose up against it and heads back up to the DO line.

Very common occurrence it is predictable and highly tradeable!

Masterrmind...........
Master your Mind then Master your Trades
  • #2,303
  • Nov 15, 2015 8:47pm Nov 15, 2015 8:47pm
EURCHF [M1; 200 - 200/manual]

Attached Image (click to enlarge)
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+124.5 pips closed out manually with 2 long trades left to run (closely monitored of course)

This is only from 2 turtle pairs so imagine the possibilities of trading multiple pairs under the right conditions............

Masterrmind...........
Master your Mind then Master your Trades
  • #2,304
  • Nov 16, 2015 2:17am Nov 16, 2015 2:17am
Quoting Masterrmind
EURCHF [M1; 200 - 200/manual] {image} +124.5 pips closed out manually with 2 long trades left to run (closely monitored of course) This is only from 2 turtle pairs so imagine the possibilities of trading multiple pairs under the right conditions............ Masterrmind...........
EURCHF [M1; 200 - 550]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 34 KB


........... and the final 2 longs closed out at 9.5 pips...........

Masterrmind...........
Master your Mind then Master your Trades
  • #2,305
  • Nov 16, 2015 11:08am Nov 16, 2015 11:08am
This concept has captured my interest for 3 months now. I've tried the special oscillator indies, with moderate success. I've tried other things as well, a range of results. I saw a really stupid 4 min video about bollinger bands on youtube. It was really bad. But I decided to do some experimenting anyway, and here’s what I found;

By using a bollinger band, set to 55, and 2.5 deviation, and I only take trades above/below these levels, I do well. should the trade continue to go against me, I’ll add new positions at the rate of one every 15 pips, (on less volatile pairs) and 20 to 25 on more volatile pairs. And up to 45 on GbpNzd. I’ve also begun trading UsdMxn. On that pair new entries are set to come in every 350 pips. That’s about 11 pips relative to the EU.

I only trade from 2 hours after LO, until an hour or so before London close. The most positions I’ve had on any pair yet is 3. Looking at 100’s of historical charts, the max has been 5 positions.

My lot size progression is:
1. ° 1
2. ° 1.2
3. ° 1.5
4. ° 3
5. ° 5

If I needed more positions, I’d have to evaluate risk, and decide what’s best, which may include closing trade.

Most of the time I get out at levels of potential contention.

Started this last week and have had 18 profitable trades. A few have only been a couple of pips with an average of 15 to 20 per basket.

Maybe someone can use this.
  • #2,306
  • Nov 16, 2015 2:00pm Nov 16, 2015 2:00pm
Quoting Masterrmind
{quote} A small account applied to this method will mean that you need to be very very careful........... So initially and based on your account size you may need to apply the same lot size over all your entries until your account is sufficiently large enough to handle say a progression such as 0.01, 0.02, 0.03 etc for a given number of entries and depending on the trading window you decide to use (I'd suggest a very quiet, low range trading window but that's up to you). When I apply my SL it is based on the following: 1. entry price 2. average...

One again ... You naild it when You explain this all thing... You are the best! Mr. Masterrmind BIG THANK YOU ! i will try this with all my best force !


Regards
Overpower!
  • #2,307
  • Nov 16, 2015 6:40pm Nov 16, 2015 6:40pm
Quoting diamonddbw
This concept has captured my interest for 3 months now. I've tried the special oscillator indies, with moderate success. I've tried other things as well, a range of results. I saw a really stupid 4 min video about bollinger bands on youtube. It was really bad. But I decided to do some experimenting anyway, and heres what I found; By using a bollinger band, set to 55, and 2.5 deviation, and I only take trades above/below these levels, I do well. should the trade continue to go against me, Ill add new positions at the rate of one every 15 pips, (on...
I haven't posted on this thread yet, but this is one of the best threads I've ever read for two reasons:

1) It opened my mind to a totally new way of thinking about trading
2) the contributors have been awesome in their professionalism and willingness to share actual, useful information (thank you Masterrmind et al).

In response to diamonddbw, I have been demo trading with TMA bands and doing the same thing (only take trades when they hit the top or bottom of the band and then take additional positions if the price exceeds the band). I also look at the trend on the M15, H1, and H4. I like to trade in the direction of the H4, but against the M15 and/or H1.

So far, in demo trading, I've had no losses. However, the limitation of this way of applying the method is very few trades per basket, which sort of negates the whole point.

I tried to attach the EA so that I could compare taking a lot of trades in a basket but haven't had any luck getting it to work. I must have some setting wrong.
  • #2,308
  • Nov 16, 2015 7:00pm Nov 16, 2015 7:00pm
Quoting dimdel
{quote} hi mpew i dont know if i can share indis at mer's thread if i have permission , ok no problem but i can share the indis name (cci histogramm or cci candles ) (val bands) my setup is this i trade only the first signal between 7-13 {image}
I agree with this, should work great in manual trading.
Intraday only.
  • #2,309
  • Nov 17, 2015 12:41am Nov 17, 2015 12:41am
Quoting diamonddbw
This concept has captured my interest for 3 months now. I've tried the special oscillator indies, with moderate success. I've tried other things as well, a range of results. I saw a really stupid 4 min video about bollinger bands on youtube. It was really bad. But I decided to do some experimenting anyway, and heres what I found; By using a bollinger band, set to 55, and 2.5 deviation, and I only take trades above/below these levels, I do well. should the trade continue to go against me, Ill add new positions at the rate of one every 15 pips, (on...
This makes a lot of sense to me diamonddbw I'm sure it will be useful to many traders.........

Masterrmind........
Master your Mind then Master your Trades
  • #2,310
  • Nov 17, 2015 12:46am Nov 17, 2015 12:46am
Quoting overpower
{quote} One again ... You naild it when You explain this all thing... You are the best! Mr. Masterrmind BIG THANK YOU ! i will try this with all my best force ! Regards Overpower!
There is a alot of work to do and then many many hours of chart time to get it all working properly such that it suits you personally but you'll get there in the end if you persevere.

Study as much as you can by yourself and then if you really have problems understanding certain issues then ask a question.

Always happy to assist those who try hard to help themselves in the first place.

Enjoy the ride!

Masterrmind............
Master your Mind then Master your Trades
  • #2,311
  • Nov 17, 2015 4:30am Nov 17, 2015 4:30am
is there any market hours that we should avoid trading? i had problem trading ny market hours if so can that market hour solved with different Q value settings?
  • #2,312
  • Nov 17, 2015 4:48am Nov 17, 2015 4:48am
Quoting frelren
is there any market hours that we should avoid trading? i had problem trading ny market hours if so can that market hour solved with different Q value settings?
Depends on many factors:

1. account balance;
2. lot size progression;
3. risk tolerance;
4. EA open and close;
5. manual trading;
6. monitoring of trades or set and forget approach;
7. time frame (M1, M5, M15, ....... H4); and
8. numerous other factors.

Look over the historical charts (at least 12 months and preferably more) for your chosen trading window for example NY in your case and make a note of the ranges and then test (best to do this using an EA in the MT4 strategy tester its faster and simpler) several values of Q to see how it performs making note of the likely number of Q signal boxes generated so you can get a basic idea of the expected number of entries that are likely to occur (check this for several trading days/months/years and make a note of the variations in the patterns (frequency of trades on average and as a maximum).

You'll need this information so that you can make a realistic SL choice for your cycle of trades and then carefully select a starting lot size.

Remember that the historical research gives absolutely no guarantee of price movements into the future only an expectation of what the market is likely to throw at you. This is one reason a SL should be applied to safeguard your trading account for the times when the market breaks out of expected ranges.

Test it aggressively prior to live trading so you build up a good idea of what is 'likely' to occur.

Good trading,

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #2,313
  • Nov 17, 2015 10:11am Nov 17, 2015 10:11am
Quoting Masterrmind
{quote} This makes a lot of sense to me diamonddbw I'm sure it will be useful to many traders......... Masterrmind........
++++++++++++++++++++++++++++++++

Thanks MM. Due to very slow moving market, last 2 days, all of my wins are small. 7 more wins today, for only 37 pips, BUT not unhappy about that, for sure. Still holding on 0 losses, and now with 26 in the win column. Not bragging, just trying to show that there maybe some use for Bollinger Bands in this method.
  • #2,314
  • Nov 17, 2015 7:55pm Nov 17, 2015 7:55pm
Quoting diamonddbw
This concept has captured my interest for 3 months now. I've tried the special oscillator indies, with moderate success. I've tried other things as well, a range of results. I saw a really stupid 4 min video about bollinger bands on youtube. It was really bad. But I decided to do some experimenting anyway, and heres what I found; By using a bollinger band, set to 55, and 2.5 deviation, and I only take trades above/below these levels, I do well. should the trade continue to go against me, Ill add new positions at the rate of one every 15 pips, (on...
Are you trading this on the GU pair?

Also what Q value/s are you applying and are they different depending on the pair being traded.

I've had a quick look using GU [M1; 325 - 325: BB; 55/2.5] for LO+2 through to LO-1 and I can say that many times there are 5 entries or more possible.

For the BB settings do you set the shift = 0 and apply to the close?

What is your entry criteria?

Do you take the trade even if the open of the candle after the Q signal box is generated falls inside the BB bands?

In other words I have noticed several occurrences on the GU pair where the Q signal box is generated outside the BB bands but the next M1 candle (which would normally be the entry point) open is actually inside the BB bands.

Do you take these trades or reject them?

Refer to the attached chart below for some examples on the GU pair:


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB


As far as the GU pair goes with this BB aid it may not be all that useful since price continues to drive up higher as in the example I have provided generating further DD and without the benefit of any shorts at the top of the cycle capable of creating some profit flow as price retraces back down.

I have a suspicion that this BB approach might work far better on the volatile pairs so I'll have a look at them soon but I would be very keen to know what Q settings you are using on say the GN pair and any other pairs and if you are using only an M1 TF.

Masterrmind............
Master your Mind then Master your Trades
  • #2,315
  • Nov 17, 2015 8:27pm Nov 17, 2015 8:27pm
GN [M1; 325 - 325: BB; 55-2.5]

Attached Image (click to enlarge)
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I've also noticed that by applying the Q=325 value the entries appear to come very late in the trading window trading time which is not what you want, you want to get into trades as early as possible.

So I'm going to assume that you are using very different Q values and/or TF's.

Would you mind elaborating on your settings and your entry and exit strategy?...........

Masterrmind............
Master your Mind then Master your Trades
  • #2,316
  • Nov 18, 2015 6:40am Nov 18, 2015 6:40am
Quoting Masterrmind
{quote} Are you trading this on the GU pair? Also what Q value/s are you applying and are they different depending on the pair being traded. I've had a quick look using GU [M1; 325 - 325: BB; 55/2.5] for LO+2 through to LO-1 and I can say that many times there are 5 entries or more possible. For the BB settings do you set the shift = 0 and apply to the close? What is your entry criteria? Do you take the trade even if the open of the candle after the Q signal box is generated falls inside the BB bands? In other words I have noticed several occurrences...
++++++++++++++++++++++++++++++++
+
Sorry for the confusion. My Bad. I didn't mention one important factor:
• I only trade this style on H1 Charts.
+
This thread got me thinking about trading extremes. Extremes on M1 & M5 are not nearly as significant (in my mind) as they are on higher time frames.
Add to that;
• I trade in US, therefore I'm using 50:1,
• I do not have a $30K account (which is about what I'd need to trade brutal days on GU like Aug 26th), So I need a trade that limits my entries. This style does it for me.

About the Bollinger Band settings, the only change is what I posted: 55 set to 2.5 Dev. I do, however, use "Bands" which is slightly different. Each line has it's own color setting, so I leave the center line set to "None" since I don't use it.

I will take subsequent entries ONLY, if they come inside of bands at the required higher level (i.e.: 15 pips or more beyond last entry).

Quantum settings: At this point, I've taken Quantum off of my charts, and am using incremental entries based on travel from previous entry. If this choice flies in the face of what this thread is about, I will respectfully cease posting here.

Thanks for your help, and thanks to everyone else here as well.
Darryl
Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd Nov 17.png Size: 91 KB
Attached File(s)
File Type: ex4 Bands.ex4   11 KB | 254 downloads
File Type: mq4 Bands.mq4   5 KB | 289 downloads
  • #2,317
  • Nov 18, 2015 7:31am Nov 18, 2015 7:31am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ + Sorry for the confusion. My Bad. I didn't mention one important factor: I only trade this style on H1 Charts. + This thread got me thinking about trading extremes. Extremes on M1 & M5 are not nearly as significant (in my mind) as they are on higher time frames. Add to that; I trade in US, therefore I'm using 50:1, I do not have a $30K account (which is about what I'd need to trade brutal days on GU like Aug 26th), So I need a trade that limits my entries. This style does it for me. About the Bollinger Band...
Thanks for clearing that all up Daryl I had a feeling you were using a variation far different to what I thought you might be using.

What I didn't know though was that you had pulled Q completely from your charts.

At the end of the day you have shared something that works for you albeit far removed from the Quantum concept.

Thank you for clearing up my questions it is appreciated.

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #2,318
  • Nov 18, 2015 8:34am Nov 18, 2015 8:34am
Quoting Masterrmind
{quote} Thanks for clearing that all up Daryl I had a feeling you were using a variation far different to what I thought you might be using. What I didn't know though was that you had pulled Q completely from your charts. At the end of the day you have shared something that works for you albeit far removed from the Quantum concept. Thank you for clearing up my questions it is appreciated. Good trading, Masterrmind..............
++++++++++++++++++++++++++++++++
++++++++++++++++++++++++++++++++
Also, on a day like today, many pairs have contracted (narrow) bands, making the bands much closer to price. I will tend to ignore early band breaches, as they are not nearly as representative of price extremes.

Ignore the extra bands on this chart, for now. They are 55, with 3.0 dev & 40 with 2.0 dev. Early studies show touches of 55/3.0 tend to be the place to increase size, as it rarely encounters a significant breach, unless of Extreme News (Black Swan), NFP, or interest rate announcements. All being stand aside events.
GbpCad:
Attached Image (click to enlarge)
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  • #2,319
  • Nov 18, 2015 10:12am Nov 18, 2015 10:12am
looks like mastermind is the only one still making as usual.
  • #2,320
  • Nov 18, 2015 6:35pm Nov 18, 2015 6:35pm
Thank you mer and mastermind for this system.

I'd like to share my experience using this system.
I'm using 200-200 strict open and close (all done by ea). Close even it is losses. One loop(entries&exits) per day per pair.
I'm running EURGBP USDCHF USDJPY. Attached screenshot is my demo and live cent account.

I really like the system because it matches my country timezone and does make pips.
Sometime it make a lot of pips. Sometime end in losses but it is ok.

Win rate is about 60-70%
Attached Image(s) (click to enlarge)
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Holy grail, pls pm
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