Q A M Trading Strategy | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

strategy builder/tester for new scalping strategy 1 reply

Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies

Is opposite of losing strategy a winning strategy? 21 replies

Karmo's trading strategy trading GBP/JPY 2,030 replies

Attachments: Q A M Trading Strategy
Exit Attachments

Q A M Trading Strategy

  • #101
  • Mar 1, 2016 11:48pm Mar 1, 2016 11:48pm
Well Done MM. ... balls of steel to see the drawdown from the 1st entry,,,,,, Mind you using .01 as all new to quantum should your max draw down should have been round $1.36 or so on the 1st entry(?) with around 11 or 12 trades ur still well within 2% drawdown on a/c if im not mistaken?


this just shows the IMPORTANCE of position sizing IMO
  • #102
  • Mar 2, 2016 12:06am Mar 2, 2016 12:06am
Quoting starpro
Well Done MM. ... balls of steel to see the drawdown from the 1st entry,,,,,, Mind you using .01 as all new to quantum should your max draw down should have been round $1.36 or so on the 1st entry(?) with around 11 or 12 trades ur still well within 2% drawdown on a/c if im not mistaken? this just shows the IMPORTANCE of position sizing IMO
Yes position sizing is important especially on a smaller 1K wonder account........

The pips are deceptive as listed because if I had of made single trade entries with the 0.02, 0.03 and 0.04 lot trades it would be just shy of about 200 pips not 114 but that's not important.

What is important is the weekly net%gain and the DD.

Feel free to go through the TE linked to this thread it should shed some light.

Masterrmind...........
Master your Mind then Master your Trades
  • #103
  • Mar 2, 2016 12:11am Mar 2, 2016 12:11am
Which Quantum ea is being used? Thanks
  • #104
  • Mar 2, 2016 12:13am Mar 2, 2016 12:13am
Quoting starpro
If 2 brokers (basically the same ,only slight differences) are a problem why not just do 1 , then its up to people to see the Q boxes which should be pretty close to yours .../?
Yes agreed but its the broker account not yet linked to my TE that I'm waiting on re technical issues.

Once its connected I'll maybe phase out the one currently linked but we shall see.

Masterrmind.............
Master your Mind then Master your Trades
  • #105
  • Mar 2, 2016 12:15am Mar 2, 2016 12:15am
Quoting ronwalt
Which Quantum ea is being used? Thanks
Hi ronwalt,

No EA is being used at present it's pure manual opening and closing of trades.

I want traders to feel the method before trade management EA's etc get the green light.

Slow and steady I guess you might say.

EA will come much later.

Masterrmind............
Master your Mind then Master your Trades
  • #106
  • Mar 2, 2016 12:26am Mar 2, 2016 12:26am
hope you dont mind me sticking my beak in ...... newbies to quantum will feel much better if they see multiple drawdowns on .01 on a $1k a/c compared to even .02 .... UNTILL they have the a/c built to a size where .02 is comfortable , you and I have no trouble with larger than .01 but its taken me 5yrs to not PANIC etc etc etc ... Im looking seriously at 1 min with Qboxes to make my daily target in Asian session.... thats purely because I understand the IMPORTANCE of position sizing and risk ... not gambling as you point out
  • #107
  • Mar 2, 2016 1:13am Mar 2, 2016 1:13am
Quoting starpro
hope you dont mind me sticking my beak in ...... newbies to quantum will feel much better if they see multiple drawdowns on .01 on a $1k a/c compared to even .02 .... UNTILL they have the a/c built to a size where .02 is comfortable , you and I have no trouble with larger than .01 but its taken me 5yrs to not PANIC etc etc etc ... Im looking seriously at 1 min with Qboxes to make my daily target in Asian session.... thats purely because I understand the IMPORTANCE of position sizing and risk ... not gambling as you point out
The trades opened were all technically at 0.01 lots but at certain clusters of Quantum boxes I opened up only 1 position of 0.04 lots instead of 4 entries at 0.01 lots. This was in very close proximity so in terms of overall DD between a single 0.04 lot position and 4 by 0.01 lot positions its not important it just made entries faster for me from a manual entry point of view. I would have preferred to keep all trades at 0.01 lots so its clearer though so 1 broker account might be the best option.

What is important is understanding how DD drastically increases on a strong trend even under a small 0.01 lot position because as the distance keeps increasing the new highs create new boxes and new boxes create more 0.01 lot entries and DD starts to accelerate.

I agree that new traders should experiment in their own time on a demo account and simply keep opening 0.01 lots during a strong trend on a $500 to 1K account and observe the DD.

I guess most traders would be aware of this but for those that are not please test it out.

Then you'll understand the meaning of an evil DD!

Masterrmind............
Master your Mind then Master your Trades
  • #108
  • Mar 2, 2016 3:05am Mar 2, 2016 3:05am
Hi everyone,

first of all, Mastermind, congratulations on your new thread and all the best of luck to you!

I have been trading the quantum method successfuly for over an half a year. I am trading with an EA so I though I'd share some of my experience so newcomers can get a head start in this very dangerous method.

One of the pairs I trade is also EURCHF during the asian session. I came to the realisation that 99% of the time, when a medium to big trend developes during AS it is due to Swiss data coming the next day. Last night for example (the session you Mastermind traded) developed a medium sized trend during the late AS session because Swiss GDP date was due in the early morning - therefore I just skip those days. I have been testing the EURCHF for the past 2 years so trust me, whenever there is a trend, it is because of Swiss data so try to avoid those days.

Second of all, I really really recommend to not use progressive lot increase. Think about it: since EURCHF is a "turtle" pair, you want to trade the range. If a trend starts to develop you will probably close in loss. Then why would you want to exponentially increase your risk and exposure? If you missed Swiss data and traded the AS before that then just bite the wood and close but don't over exposure yourself. Last session Mastermind got lucky that the trend was a small one. Other days like the 23 of February would have resulted in busting the account (and guess why - Swiss data).

Also, try to always keep some minimum distance between entries.

I can give other insigths about trading other pairs as well, but I don't want to make this thread about my way of trading. It is Mastermind's thread and I am sure he will do a great job!
  • #109
  • Mar 2, 2016 4:10am Mar 2, 2016 4:10am
Quoting hibernate
Hi everyone, first of all, Mastermind, congratulations on your new thread and all the best of luck to you! I have been trading the quantum method successfuly for over an half a year. I am trading with an EA so I though I'd share some of my experience so newcomers can get a head start in this very dangerous method. One of the pairs I trade is also EURCHF during the asian session. I came to the realisation that 99% of the time, when a medium to big trend developes during AS it is due to Swiss data coming the next day. Last night for example (the session...
Thanks hibernate, this is very useful information!

Do you consider only high impact Swiss news, or do you try and avoid Swiss news altogether?

Regards

Vlad
  • #110
  • Mar 2, 2016 4:32am Mar 2, 2016 4:32am
Quoting Vlad13685
{quote} Thanks hibernate, this is very useful information! Do you consider only high impact Swiss news, or do you try and avoid Swiss news altogether? Regards Vlad
I'm glad you find it helpful!

Since I trade muiltiple pairs, I don't have a problem to turn some pairs off when there are news impacting those pairs. This way I always have something open so it doesn't hurt to sit a day out on other pairs. I generally always turn EURCHF off when there is Swiss data. One can just never know how important some news are. Remember - EURCHF is a special pair. Switzerland has full control over the CHF currency so they can always front run the rest of the world and there is nobody to hold them responsible since they are their own small country. To make it simple - you see Swiss news coming up the next day - don't trade AS.
  • #111
  • Mar 2, 2016 4:35am Mar 2, 2016 4:35am
Hibernate
  • #112
  • Mar 2, 2016 5:38am Mar 2, 2016 5:38am
Quoting hibernate
Hi everyone, first of all, Mastermind, congratulations on your new thread and all the best of luck to you! I have been trading the quantum method successfuly for over an half a year. I am trading with an EA so I though I'd share some of my experience so newcomers can get a head start in this very dangerous method. One of the pairs I trade is also EURCHF during the asian session. I came to the realisation that 99% of the time, when a medium to big trend developes during AS it is due to Swiss data coming the next day. Last night for example (the session...
Keeping in tune with the markets on a regular basis is crucial to all traders.

Managing trades heading into a strong trend are always a concern and yet to be fully addressed including their ultimate management.

This thread will move slowly through the multitude of QAM strategy concepts so all interested traders can easily keep up, communicate concerns and have their questions addressed in a timely manner.

In the early stages the demo accounts are used as examples to outline the likely problems that can occur in this type of trading.

So the month of March is allocated to exploring as many problems as possible so new traders get to see first hand what can happen.

Luck does not play any part in this strategy it comes down to risk management and how much of the balance is put at risk.

"Last session Mastermind got lucky that the trend was a small one" ...... have you read what I posted before I took these trades? Perhaps Not!

I took the trades late in the cycle to illustrate how DD can develop it has nothing to do with luck .... its an example.

When its time to address news related impacts then please feel free to share what you know and we can all discuss it.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #113
  • Mar 2, 2016 6:45am Mar 2, 2016 6:45am
Hello all!

Just subscribed to this tread and a newbie but very interested in this strategy.

First off, just wanted to give a big shout out and thanks to Masterrmind for putting this all together and walking us through this strategy. As a newcomer to the forex world, its always great to see someone else's thinking process on selecting good (and bad) trades and how to manage them. Its always easy to get caught up in the emotion of your trades but if managed properly, hopefully you will be on the right side of the trade.

Keep up the great work!

Jim

  • #114
  • Mar 2, 2016 6:45am Mar 2, 2016 6:45am
Quoting Masterrmind
{quote} Luck does not play any part in this strategy it comes down to risk management and how much of the balance is put at risk. "Last session Mastermind got lucky that the trend was a small one" ...... have you read what I posted before I took these trades? Perhaps Not! I took the trades late in the cycle to illustrate how DD can develop it has nothing to do with luck .... its an example. When its time to address news related impacts then please feel free to share what you know and we can all discuss it. Good trading, Masterrmind................
My remarks were in no way intended to offend or criticise you. Of course, under live conditions you would probably have taking notice of the news, I don't doubt that. So you beeing "lucky" was the wrong way to put it. Sorry for that. I just wanted to emphazise that a trader would be lucky that the price turned to his favor under such conditions.
  • #115
  • Mar 2, 2016 3:46pm Mar 2, 2016 3:46pm
Quoting hibernate
{quote} My remarks were in no way intended to offend or criticise you. Of course, under live conditions you would probably have taking notice of the news, I don't doubt that. So you beeing "lucky" was the wrong way to put it. Sorry for that. I just wanted to emphazise that a trader would be lucky that the price turned to his favor under such conditions.
Non taken.

Just making sure the reasons for taking the 'late' cycle of trades was clearly layed out so as not to confuse anyone.

Plenty of material yet to cover and this takes time so lots more to come.

I see no point at this early stage to overload a traders thinking.

Welcome to the thread and I hope you might think about adding in a TE.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #116
  • Mar 2, 2016 3:48pm Mar 2, 2016 3:48pm
Ok traders it will be a slightly later start today due to other business matters maybe 1 hour after Tokyo Open.

Masterrmind............
Master your Mind then Master your Trades
  • #117
  • Mar 2, 2016 4:57pm Mar 2, 2016 4:57pm
As mentioned missed Tokyo Open which means at the current time 2 shorts @ about 3 pips each for 6 pips so nothing to be worried about.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB


Now start looking for the next opportunity to enter the EURCHF pair.

Masterrmind............
Master your Mind then Master your Trades
  • #118
  • Mar 2, 2016 5:01pm Mar 2, 2016 5:01pm
Quoting majc33
Hello all! Just subscribed to this tread and a newbie but very interested in this strategy. First off, just wanted to give a big shout out and thanks to Masterrmind for putting this all together and walking us through this strategy. As a newcomer to the forex world, its always great to see someone else's thinking process on selecting good (and bad) trades and how to manage them. Its always easy to get caught up in the emotion of your trades but if managed properly, hopefully you will be on the right side of the trade. Keep up the great work! Jim...
Welcome majc33...........

Great to have you onboard.

Masterrmind.............
Master your Mind then Master your Trades
  • #119
  • Mar 2, 2016 5:37pm Mar 2, 2016 5:37pm
I appreciate your insight as to taking only earlier trades to avoid FFO.

Yesterday was (for me) a full forex frontal assault trading EurGbp. I can only trade EG for now because of large EChf spreads. The only US broker I know of that has ECN available is FXCM, and IMHO, they have proven to me, over the years that they are not to be trusted.

There was one very early EG trade which I missed because I wasn't home yet. Then I waited a long time for the next one. i was in 9 trades long and FFO was happening. All of sudden price started falling quickly on my longs. I reached 2% DD, and closed all trades. In the true spirit of Forex, I closed about 3pips above the bottom. All trades would have gone to profit, but with news coming up, I bailed, and that's the way I'd play it every time.
  • #120
  • Mar 2, 2016 5:40pm Mar 2, 2016 5:40pm
PA moved up and above previous 2 shorts entry points so I entered 2 shorts + current short as price starts to drop...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


No need to enter 2 shorts but its certainly possible and I do it all the time.

Try to keep TP within recent PA, 200 trending line or close to the DO line.

Masterrmind............
Master your Mind then Master your Trades
0 traders viewing now