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Quantum Super Channel

  • #321
  • Edited Jun 9, 2016 12:07am Jun 8, 2016 10:20am | Edited Jun 9, 2016 12:07am
Quoting simnz
{quote} Hi dweb, Could you please explain more about IB Channel? How to detect it and use it for averaging purpose?
Hi simnz, Hope you are well.

Chart TF: H1

How to detect it:
IB Channel: When using the QSC and a IB is identified, the channel is drawn on the screen in default color: Magenta. You have a choice or preference to which type of order suites your trading the best, ito planning etc. looking the pic below once can see how price behaved around the the IB channel.
Attached Image

++ false break to the bottom
++ break out to the top and continuing...as I am typing this (lol)

use it for averaging purpose?:
++ BUY/SELL orders (order type is up to you) placed where IB Channel are formed. Not that these can take some time to form breakout. in the pic the previous IB channels at bottom (not marked in pic) is about 80 pips away.

I feel fx trading business will not grow:
++ this is dependent on your style, and understanding of the asset(s) you are trading, etc. However, options/binaries are attractive. Commodities/Stocks, as is now my primary focus as it suites me best (spycho, etc). Fx market is used partly to understand potential moves.

indicators mostly for trades entry:
++ I have been doing R&D on entry for over 12 months now with considerable improvements. Indicators form only part of the idea, like Masterrmind said - confluence (this is where all the tools, ideas, whatever makes you decide to enter or exit comes together.) "Exits" has been an idea I have been working on for some time, and my philosophy is the "Exit" (locks profits) is more important than "Entry".

All in one simple chart. How would you analyse the market using just this FREE tool finviz forex performance online?:
++ I may be able to but won't as it is not what I am used to, or fits my way of thinking about assets. I have been through the mill, and like the dust in the air, settled on what fits me the best....now I am close to only trading "the best fit for me" style, instead of every signal.

PS: The best learning is I have gained over this time is that when a "RULE BREAKS, GET ANOTHER OR WAIT UNTIL IT WORKS AGAIN", and will also limit losses. Leave the faith at home, and watch the price action.

================

Few hours later: see a new IB Channel formed.... (this pic take after post #322 below)
Attached Image
We err, and err, and err again, but less.
  • #322
  • Jun 8, 2016 12:38pm Jun 8, 2016 12:38pm
Quoting simnz
{quote} Hi dweb,.....
Chart TF: H4 (same chart as post #321)

Objective: Trades done with IB Channel.
Attached Image

dweb
We err, and err, and err again, but less.
  • #323
  • Jun 9, 2016 1:58am Jun 9, 2016 1:58am
Quoting dweb
{quote} Chart TF: H4 (same chart as post #321) Objective: Trades done with IB Channel. {image} dweb
Thank you very much for your guidelines and the chart.

I think you have developed a fabulous trading pad - simple yet efficient doing away the need for having so many different indicators.

I am basically a directionless futures options trader. I trade CME currency futures and not spot fx. Because of options trading experience, I rely mostly on risk and money management to make profits. I don't use stop-loss at all.
So far it's working though it requires buffer margin before getting into trades.

Unlike those aiming at trending trades I trade mainly on

(a) momentum acceleration scalping - short cycle - a play on currencies correlation and strength and weakness

(b) If scalping trades end up in drawdown, then use it as long cycle trade and exit by averaging.

(c) Futures options as a last-resort stoploss for EurUSD symbol.

(d) Now looking for last-resort stoploss for GBPJPY (CME options are not available) as drawdown so far has been manageable by averaging but it is not safe. Returns are lucrative though. If I don't find a satisfactory solution, I will shift to other currencies whose mean-reversion patterns can be estimated and averaging can work.

Those using MT4 platform and trading like me doing cost averaging based on fixed pips may find the attached indicator useful as a risk mitigating tool.
Attached File(s)
File Type: ex4 Show_AverageEntryPrice_v1.ex4   9 KB | 601 downloads


(e) Now onwards I will use your IB as my trading pad.
Practice makes a person perfect
  • #324
  • Jun 9, 2016 2:13am Jun 9, 2016 2:13am
Will use your two indicators as my trading pad.
Attached Image (click to enlarge)
Click to Enlarge Name: Quantum superchannel.jpg Size: 1.0 MB
Practice makes a person perfect
  • #325
  • Jun 9, 2016 3:29am Jun 9, 2016 3:29am
Quoting simnz
Will use your two indicators as my trading pad. {image}
Hi simnz, would work on it with you.

Caution: remove the TRO indicator from charts when publishing - I learnt after the fact that the author does not like his indies published anywhere else but his preferred site(s).

Futures are is a good challenge, and may result in a new thread, but lets see where we start and end off
We err, and err, and err again, but less.
  • #326
  • Jun 9, 2016 3:39am Jun 9, 2016 3:39am
Blubbb indicator is not developed by TRO.
Practice makes a person perfect
  • #327
  • Jun 9, 2016 5:05am Jun 9, 2016 5:05am
hi dweb... i am attached monther candle pic... llike that you are following inside bar ...
i want inside bars like this type of setup... line with high low ... not stars .. or any markers...
can you share me like this type of simple inside bar ex4 or mq4?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
Success is a Journey Not a Destination....... kind regards ramzam
  • #328
  • Jun 16, 2016 9:46am Jun 16, 2016 9:46am
Quoting ramzam
hi dweb... i am attached monther candle pic... llike that you are following inside bar ... i want inside bars like this type of setup... line with high low ... not stars .. or any markers... can you share me like this type of simple inside bar ex4 or mq4? {image}
Hi ramzam,

Settings:
1. Set all the furst five option = false
2. set all the colors to "None" on the colors tab
3. Change the IB_LineColor and LineColor options to the colours you want
4. save the template
We err, and err, and err again, but less.
  • #329
  • Jun 16, 2016 10:03am Jun 16, 2016 10:03am
R&D: New tool in development... some dev work outstanding to do!
Signals: Buy (green) and Sell (red) broken lines

Attached Image (click to enlarge)
Click to Enlarge Name: coffee trade 16 jun 2016.jpg Size: 178 KB


dweb
We err, and err, and err again, but less.
  • #330
  • Jun 16, 2016 11:09am Jun 16, 2016 11:09am
Hi

I am new on this thread.
I check the indy, seems to repaint a little.. or ..

btw, can you share an old mq4l release of the QuantumChannel ?
or tell us from which indy did you start from ?
Quantum, quantum stochastic ? quantum RSI Obos ?

TIA
  • #331
  • Jun 16, 2016 12:18pm Jun 16, 2016 12:18pm
Quoting dweb
R&D: New tool in development... some dev work outstanding to do! Signals: Buy (green) and Sell (red) broken lines {image} dweb
Entry Closed:
Logic: No real magic. The Entry & Exit are guided by Moving Averages...the combinations of these are averages and will share when ready...This may be combined with the QSC, soon. The lines are switched off to get the feel of the vertical lines...
Attached Image (click to enlarge)
Click to Enlarge Name: coffee trade 16 jun 2016 clsed.jpg Size: 159 KB


Visible (manipulated) MA lines that generates the signals
Attached Image (click to enlarge)
Click to Enlarge Name: coffee trade 16 jun 2016 clsed_lines.jpg Size: 170 KB


dweb
We err, and err, and err again, but less.
  • #332
  • Jun 16, 2016 12:56pm Jun 16, 2016 12:56pm
Quoting jaguar1637
Hi I am new on this thread. I check the indy, seems to repaint a little.. or .. btw, can you share an old mq4l release of the QuantumChannel ? or tell us from which indy did you start from ? Quantum, quantum stochastic ? quantum RSI Obos ? TIA
Welcome and Thanks jaguar1637 for the visit,

Yes it repaints last bar, thus affecting the Midline and Top or Bottom channel line in whichever way price moves that moment, thus changing the landscape of the channel. The idea was to try understand if there was a "hidden message" in the channel due to price action, capture it, and trade it effectively..still busy with it - one pice at a time i guess. . I have picked up so many ideas from traders and developers here of FF and yourself, that its hard to keep track of what I - currently reading books suggested by yourself to shape out trading endeavours.

I used the Quantum indicator understanding and code as a start...then changed/combined/modified ideas in it. Please have a look at the following pics.

COFFEE Chart - QSC and dwebMedian2 (with lines )
Attached Image (click to enlarge)
Click to Enlarge Name: qsc_dwbmedian2.jpg Size: 164 KB


COFFEE Chart - QSC and dwebMedian2 No lines )
Attached Image (click to enlarge)
Click to Enlarge Name: qsc_dwbmedian2 no lines.jpg Size: 155 KB


dweb
We err, and err, and err again, but less.
  • #333
  • Jun 16, 2016 3:08pm Jun 16, 2016 3:08pm
well, well

Are you looking too for the Holy grail by guessing the equilibrium point ? ^^

First : ok, I wrote something you could see about volume
it's a try , may be it could be a good help when there is a crossing of the two lines

Secondly : regarding the repainting, there is an option
=> to apply a causal regression on prices, which means results won't be affect by new bars and new market prices

I wrote the inverse of Hodrick prescott, it's a damned algo, it could help you to stabilize this indy
Attached File(s)
File Type: mq4 Pead_v2.mq4   13 KB | 730 downloads
  • #334
  • Jun 16, 2016 6:15pm Jun 16, 2016 6:15pm
Quoting dweb
{quote} Hi ramzam, Settings: 1. Set all the furst five option = false 2. set all the colors to "None" on the colors tab 3. Change the IB_LineColor and LineColor options to the colours you want 4. save the template
oh great... thank you so much
Success is a Journey Not a Destination....... kind regards ramzam
  • #335
  • Edited 7:58pm Jun 16, 2016 7:18pm | Edited 7:58pm
I was watching the Quantum Obos stuff

btw, did you ever seen this indy ? it's TFX Obos oscillator ?
looks more reactive than yours...
Attached Image (click to enlarge)
Click to Enlarge Name: OBOS_comparaison&.jpg Size: 111 KB
Attached File(s)
File Type: mq4 TFX OBOS Oscillator.mq4   4 KB | 666 downloads
File Type: mq4 TFX Stoch OBOS Oscillator.mq4   5 KB | 662 downloads
  • #336
  • Jun 17, 2016 12:58am Jun 17, 2016 12:58am
Hi,

I've been following your thread for quite a while now, looks like you're making progress with every passing day.

I have a question regarding the inside bar indicator, I've downloaded one from the first page but it looks nothing like yours, mainly, it doesn't keep history for me to analyse for later (I'm not in front of my charts most of the time).
Could you share your settings for it, please? Also, will it be possible for the indicator to send an email? And what's the meaning of the stars? I must have missed that somewhere along the thread.


Thank you and keep up with your progress.
  • #337
  • Jun 17, 2016 2:22am Jun 17, 2016 2:22am
Chart: JSE, M1 trade closed. 2920point move.
Objective: Testing...dwebMedian2 Tool
Attached Image (click to enlarge)
Click to Enlarge Name: jse IB trade 17062016 clsd.jpg Size: 106 KB
We err, and err, and err again, but less.
  • #338
  • Jun 17, 2016 2:29am Jun 17, 2016 2:29am
Quoting jaguar1637
well, well Are you looking too for the Holy grail by guessing the equilibrium point ? ^^
How can I answer the Master's insight? Well said....

Quoting jaguar1637
First : ok, I wrote something you could see about volume it's a try , may be it could be a good help when there is a crossing of the two line
I will certainly have a in-depth evaluation of it. Appreciate your assistance.

Quoting jaguar1637
Secondly : regarding the repainting, there is an option => to apply a causal regression on prices, which means results won't be affect by new bars and new market prices I wrote the inverse of Hodrick prescott, it's a damned algo, it could help you to stabilize this indy {file}
HP are a hot commodity in any trader's arsenal against the Banks. Much appreciated comment.
We err, and err, and err again, but less.
  • #339
  • Jun 17, 2016 2:37am Jun 17, 2016 2:37am
Quoting Reamasesa
Hi, I've been following your thread for quite a while now, looks like you're making progress with every passing day. I have a question regarding the inside bar indicator, I've downloaded one from the first page but it looks nothing like yours, mainly, it doesn't keep history for me to analyse for later (I'm not in front of my charts most of the time). Could you share your settings for it, please? Also, will it be possible for the indicator to send an email? And what's the meaning of the stars? I must have missed that somewhere along the thread....
Hi Reamasesa,

See post #244 for the last update...I was "lazy" to put in post 1 - will rectify my attitude later...

IB History settings:
1. Increase the "IB_LookBack"
2. Increase the "IB_Count" to the value of the "IB_LookBack"
3. Increase the "IB_BarsDrawLine" if you want the IB history lines longer.
We err, and err, and err again, but less.
  • #340
  • Jun 17, 2016 4:56am Jun 17, 2016 4:56am
R&D: Midline & 200 ema crosses....
Chart :JSE, M5 as sample
Objective:
++ Buy when Midline cross above 200ema
++ Sell when Midline cross below 200ema

Quantum Super Channel Midline ROCKS....IMHO!

Attached Image (click to enlarge)
Click to Enlarge Name: R_D_200ema_midline_cross.jpg Size: 117 KB


Comments welcome
We err, and err, and err again, but less.
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