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Q A M Trading Strategy

  • #961
  • Apr 28, 2016 8:30pm Apr 28, 2016 8:30pm
Quoting Masterrmind
{quote} AJ - overnight update {image} Not much movement Possible options: 1. Do nothing and allow the cycle to run its course since hard stops and hard TPs have been set. 2. EA deactivated (but it could be applied to the AJ chart using the same magic number as yesterday however it is crucial that the Quantum close value is set such that the cycle is closed somewhere near current TP levels or at least up near todays pivot. 3. Apply the EA to the chart but use a different magic number! This will allow internal cycles to be taken while the outer larger...
Now we have the EA set to the AJ chart M1 TF QDE=200 and QDC=200

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3 longs added which will be controlled by the settings in the EA since they are governed by MN#5001 and NOT MN#401

ps. not to confuse anyone but it is possible to run the EA using different magic numbers and settings (including TFs and Q values) for example I could trade the following setups on different charts but all on the same account.

1. AJ [M1; 200 - 200 EA]
2. AJ [M5; 40 - 40 EA]
3. AJ [M15; 10 - 10 EA]
4. and many other combinations all on trading the sane currency pair (or different if I choose)

Masterrmind.............
Master your Mind then Master your Trades
  • #962
  • Apr 28, 2016 8:43pm Apr 28, 2016 8:43pm
AJ - update

All stops taken out rather quickly on a continued strength in the JPY currency.

Read about it and what the BOJ did yesterday .... or rather what they did not do!

Look how the market reacted!

Note that the EA does not make you money if the trader fails to apply some market common sense (ie news etc etc)

ps. you won't see cycles like this on my live account and hopefully not on yours either!

Masterrmind............
Master your Mind then Master your Trades
  • #963
  • Apr 28, 2016 8:47pm Apr 28, 2016 8:47pm
Current AJ cycle (magic 5001)

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14 longs in action

Masterrmind............
Master your Mind then Master your Trades
  • #964
  • Apr 29, 2016 12:25am Apr 29, 2016 12:25am
Quoting Masterrmind
Current AJ cycle (magic 5001) {image} 14 longs in action Masterrmind............
AJ - update

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Cycle closed out by EA (no trader intervention)

Intervention could have been made by simply increasing the Quantum close value in the EA settings.

What setting would have been appropriate for this cycle?

Masterrmind............
Master your Mind then Master your Trades
  • #965
  • Apr 29, 2016 12:36am Apr 29, 2016 12:36am
Quoting Masterrmind
{quote} AJ - update {image} Cycle closed out by EA (no trader intervention) Intervention could have been made by simply increasing the Quantum close value in the EA settings. What setting would have been appropriate for this cycle? Masterrmind............
Use the trending indicator to choose a Q value somewhere around the 250 mark (adjusted again if necessary .... it will need to be adjusted again!)

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Then immediately update the Quantum close value to 250 in the EA.

Alternatively deactivate the EA from the chart and trade the cycle manually by applying SLs + TPs at realistic levels.

Masterrmind............
Master your Mind then Master your Trades
  • #966
  • Apr 29, 2016 12:45am Apr 29, 2016 12:45am
The current cycle on AJ is a short cycle.

As an example I have changed the Quantum close value to 350 (refer to trending level indicator line on the chart)

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This will provide the EA with an opportunity to close out for larger profit which can take some of the work away from the trader.

Keep a close watch on the chart especially the lower trending line (blue LL line) in this case because once the line starts moving up then you'll need to adjust this Quantum close value again if you want TPs to remain down lower otherwise if you do nothing the EA will close the cycle out at the higher price level which equates to lower profit.

Note: This closing with more profit is of course subject tp price actually moving down into these lower price levels otherwise no profit will result.

Masterrmind...........
Master your Mind then Master your Trades
  • #967
  • Apr 29, 2016 2:45am Apr 29, 2016 2:45am
Difference between leaving Q at 200 or changing Q

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Applying different HH or LL values in the trending indi and then updating these Q values in the EA

In a simple attempt to gain more profit .... market willing!

Once price gets down close enough and looks like it wants to head away from your TP level then consider closing trades manually.

Masterrmind............
Master your Mind then Master your Trades
  • #968
  • Apr 29, 2016 3:00am Apr 29, 2016 3:00am
Closed out trades on AJ manually....

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It might not appear like much difference on the chart but it certainly is!

Additional profit is about 5 trades* approx 13 pips per trade so about 80 pips more than closing out at Q=200.

The aim here is clearly to give price a chance to make more profit for your trades.

Over several months applying this simple technique the difference in pips is staggering.

ps. The above pip count is approximate as I have not counted them precisely!

pps. price could still head down and get tagged by the 350 trending line but I decided to close out the cycle (traders choice)

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #969
  • Apr 30, 2016 3:35am Apr 30, 2016 3:35am
Quoting Masterrmind
Closed out trades on AJ manually.... {image} It might not appear like much difference on the chart but it certainly is! Additional profit is about 5 trades* approx 13 pips per trade so about 80 pips more than closing out at Q=200. The aim here is clearly to give price a chance to make more profit for your trades. Over several months applying this simple technique the difference in pips is staggering. ps. The above pip count is approximate as I have not counted them precisely! pps. price could still head down and get tagged...
Just to make it a bit clearer ....... 5*13 = 65 pips.

However, the additional gain in pips on the 5 trades was closer to 80 instead of 65.

Masterrmind...........
Master your Mind then Master your Trades
  • #970
  • Apr 30, 2016 9:59pm Apr 30, 2016 9:59pm
MAY TRADING

Example trades taken using the EA 1.6.1 were outlined over the last few days of April.

Some cycles completed by the EA were good, some bad and some ugly!

During the first couple of weeks of May the current demo account will continue to apply manual and EA generated cycles with commentary.

Eventually the current demo may be retired with the focus being on building the QAM-Live 1 trading account.

Cycles taken in the demo account:

1. EA examples will include single, tandem and multiple pairs traded during the ATW session
2. With and without manual intervention
3. Some days may not be traded

Note: The majority of my focus will be towards the QAM-Live 1 trading account but some commentary of live cycles taken may fill some of the pages in this thread (where elaboration of a given cycle is deemed necessary)

Masterrmind...........
Master your Mind then Master your Trades
  • #971
  • May 1, 2016 9:55pm May 1, 2016 9:55pm
EURAUD [M1; 200 - EA]

EA applied to chart MN# 105

Other cycles may follow.......

Masterrmind.........
Master your Mind then Master your Trades
  • #972
  • May 1, 2016 11:27pm May 1, 2016 11:27pm
Although I trade higher lots manually (0.02 lots) than on the EA (0.01 lots) it is not recommended to use a progressive lot sequence.

This will be covered much later and yes progressive lots will be applied but not until the account balance exceeds 10K!

Getting the lot progression sequence wrong at this stage will put the small account into potential trouble via DD issues so its best avoided!

Even if the maximum assigned floating DD is managed well and kept under 10% by applying too high a lot size relative to the account balance the account might find itself visiting the extremes of the DD limit which is not desirable!

General lot size guide:

Attached Image


Note 1: Generally the smaller the lot size the lower the potential risk so think of the lot sizes provided in the table as maximums NOT minimums!

Note 2: This post is taken from my other trading journal thread.

Note 3: Traders are free to apply whatever lot sizing suits them but keep lot sizes small and do not exceed the risk% per cycle!

Masterrmind...........
Master your Mind then Master your Trades
  • #973
  • May 2, 2016 4:08am May 2, 2016 4:08am
Quoting Masterrmind
EURAUD [M1; 200 - EA] EA applied to chart MN# 105 Other cycles may follow....... Masterrmind.........
EURAUD

1 cycle

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+128.2 pips so the gains are high on a volatile pair but so too the risks!

Note 1: TPs on chart just above midR but closed out manually just after ATW session end time.

Note 2: If you trade EURAUD volatile pair think about trading it solo and also applying a smaller lot size (EA would be 0.01 anyway but consider using 0.01 lots per trade if trading the pair manually)

Masterrmind...........
Master your Mind then Master your Trades
  • #974
  • May 2, 2016 8:18pm May 2, 2016 8:18pm
EURAUD

cycle put on leading up to a news event!!!

Masterrmind.............
Master your Mind then Master your Trades
  • #975
  • May 2, 2016 11:27pm May 2, 2016 11:27pm
Quoting Masterrmind
EURAUD cycle put on leading up to a news event!!! Masterrmind.............
EURAUD - update

Will allow the cycle currently with 21 longs @ 0.01 lots a piece to continue running through the AUD high impact news about to come out very soon.

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Should be very interesting!

Masterrmind............
Master your Mind then Master your Trades
  • #976
  • May 2, 2016 11:48pm May 2, 2016 11:48pm
Quoting Masterrmind
{quote} EURAUD - update Will allow the cycle currently with 21 longs @ 0.01 lots a piece to continue running through the AUD high impact news about to come out very soon. {image} Should be very interesting! Masterrmind............
EURAUD [M1; 200 - EA]

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Note 1: multiple winners and only 1 small loss.
Note 2: Closed out the 1 short manually since the EA had started a short cycle (rapidly) which was unwanted at this time of the day.

Masterrmind...........
Master your Mind then Master your Trades
  • #977
  • May 3, 2016 10:08pm May 3, 2016 10:08pm
EURJPY [M1; 200 - EA; MN# 308]

EA attached and 2 sell stops triggered and in action

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Note: Expert attached to the EJ chart after 7 Quantum Sell signal boxes were generated!

Masterrmind............
Master your Mind then Master your Trades
  • #978
  • May 4, 2016 1:37am May 4, 2016 1:37am
Quoting Masterrmind
EURJPY [M1; 200 - EA; MN# 308] EA attached and 2 sell stops triggered and in action {image} Note: Expert attached to the EJ chart after 7 Quantum Sell signal boxes were generated! Masterrmind............
EJ

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Completed cycle!

Masterrmind...........
Master your Mind then Master your Trades
  • #979
  • May 4, 2016 10:06pm May 4, 2016 10:06pm
EURAUD [M1; 200 - EA; MN# 405]

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Expert applied after the dust settled!

M1 TF used in a bid to collect at least a few entries before price heads back up to higher prices ..........

Masterrmind...........
Master your Mind then Master your Trades
  • #980
  • May 4, 2016 10:24pm May 4, 2016 10:24pm
Quoting Masterrmind
EURAUD [M1; 200 - EA; MN# 405] {image} Expert applied after the dust settled! M1 TF used in a bid to collect at least a few entries before price heads back up to higher prices .......... Masterrmind...........
EA

Yesterdays low to high Fibs applied

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Not a bad place to start looking for longs (read that as starting entries)
Aware that price could drift on down another 20 pips or so before making its way back up higher
EUR bank holiday

ps. on a live trading account apply pending Buy Stops at least 20 pips higher than current price (think about chart structure before you let loose) and collect the jam if price triggers your orders and keeps heading up!

Look out for obstacles (pivot point, possible turning points, S+R, supply and demand ... you get the idea) to price on the way up and manage the risk!

Masterrmind....... :nerd:
Master your Mind then Master your Trades
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