QAM Trading Journal $US1000 to ???

Trade numbers have now been evened up on both pairs.

Currently the trades per pair are as follows:

AUDJPY 78 trades and

EURAUD 78 trades.

Total current trades = 156

ps. 100 trades per pair will be a likely limit for a total of 200 trades for the 2 pairs (if more trades are applied).
pps. 100 additional trades would then be available for a maximum broker applied limit of 300 trades to be used as recovery type trades if required.

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

EURAUD

Just closed out 65 winning trades!

+2742 pips.

Current floating DD sitting at close to 10%.

ps. may add more trades to the EA pair later.

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

New Account End of WEEK 1 Summary

Account Start date: July 12, 2016 (Tuesday)

Carry over balance from original QAM- 1K live account (Pepperstone) to QAM - 1K live (FX-TM cent).

Balance carried forward: US$1026.36

FX-TM account balance (cents): 102 636 USC

FX-TM Account growth: +3.53% (QAM 1K total growth is +6.39%)

FX-TM Winning trades: 142 trades

FX-TM Losing trades: None

FX-TM Pips gained: +5165.6 pips

Current floating DD (end of week): 0.55%

Current running trades: 200 trades



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

Weekly Account Summary

From this point forward I plan to give a progress summary at the end of each week.

This is mainly because cycles being traded on the current account can last 2, 3 or more days.

If cycles on a given pair complete throughout the week then I'll post them at the end of the day.

ps Completing cycles before the end of Friday will be the goal but this may not always be possible.

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

Pair Selection

On future cycles of trades I will outline in advance which pairs I will be trading next and very briefly the reasons why!

The current list will be updated as follows:

Updated Pairs List



There are 25 pairs in the list and 2 spot metals (Gold and silver) which could be traded at one time or another.

Note: a choice of pair(s) will be made based on spread to range and other factors.

Pairs unlikely to be traded are as follows:

Those pairs with very high spreads matched to lower daily ranges.

Low range pairs such as EURCHF and EURUSD (if EURGBP ranges drop then it too may not be traded).

As mentioned previously the pairs I decide to trade will be outlined well in advance.

If no advance warning has been given then expect the same pair(s) to be traded.

ps. the end aim of all this is to eventually simplify the QAM Method as applied to a cent account so that it might prove to be traded over and over.

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

AUDJPY and EURAUD pairs will continue to be traded throughout the following week until closed out.

TE and myfxbook provide the trade details.

The weekly summary will be given just after close of week trading.

Lets look forward to a prosperous week.

ps. if smaller clusters of trades are closed out then I'll post them as they occur.

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

EURAUD [completed long cycle]



Note: only AJ cycle now running!

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

Seems like everything is going ok Masterrmind , a nice up trend equity curve
Are you more comfortable with cent account?
You made tons of pips
P.s i'm sperementing with higher time frames righ now while i don't have much time to trade
Doing ok so far, but it's hard to maintain a solid money managment with low equity due to the large sl needed,
Let's see if at the end of the summer i will be positive.
Have a nice trading week

Hi Shuael,

No its not really the cent account because there are numerous deficiencies in the trading conditions.

Such as the huge spread, slower execution times and the list goes on.

The impact is not so great though from a macro viewpoint since the pips gained are so large but if you dig deeper there are many issues.

However, if I can make it work on a cent account with associated conditions then it might translate into far better results on an ECN type account with very low spreads.

The pips are huge and they need to be to keep this machine working!

What I enjoy though is the large ratio gap that's where the comfort comes from in trading huge cycles.

You can begin to see what this account can handle since Ive had 2 cycles of some 200 trades (plus some) and ranges of 400 pips on AJ and 175 pips on EA and yet the account is far from a margin call.

I'm enjoying it and the gain on that EURAUD cycle (+12.7%) was exceptional with all winners .... not all will be like this though but I'll take it while I can!

Nevertheless, things always look easy when the market goes the way you want it too but lets wait to see if I can get into an awkward aggressive cycle and see how it turns out.

ps. Happy to hear you are still finding time to trade and with a smaller starting balance you really should be starting with minimal lot sizes. The road to glory will appear endless though but just keep plodding along and compounding that net daily gain ... that's all you need to do the account will eventually take care of itself provided you manage the MM correctly.

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

AJ - update



Closed out multiple winners just above the 79 handle.

Another +4189 pips to the collection.

Other short trades still running.

Masterrmind.........

This is moving forward very well Mastermind. Thank you for sharing with the community!

I am using this system on the M1 time frame for entry into the market and then I exit manually. Although I am taking more of a scalping approach. I need to learn to let the good ones ride.

I am running a live, standard account with $350 dollars. Due to the microscopic equity on the account I have modified this approach to have only one trade open at a time and I try to make sure it is not the first box.

Anyway, just stopping by to say thank you. This actually does work when properly managed.

Cheers!

Hi Platanero,

Nice to have you post a very useful comment .... appreciated.

I guess its similar to any strategy in the sense that trade management can make or break it.

Perhaps given more time other traders will start to realize why the win rate was so high for me in the QLT Thread.

Trading a large account with smaller lots opened primarily by an EA but then managed by the trader including additional higher lot opportune manual entries whilst larger cycles were unfolding brought home the $$$ because the account could easily handle almost any DD thrown at it especially on the low ranging turtle pairs that I was frequently trading.

You have no idea how tempting it was for me to simply start with the large account and show how I trade it .........

But doing that would have created even fewer participants since the majority of traders apply relatively small accounts (certainly not saying all though).

This is my idea of a project if you will that attempts to grow the smaller account into a much larger account and then I'll introduce some of the trading cycles I traded in the QLT thread (mer) after I change the account to a low spread ECN type one where conditions are far better.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Progress has been very good on the Cent account to date but its still early days and for me this is the first time trading a live cent account so I'm sure to learn a thing or two myself (most of which belongs to spreads and execution time).

However, the account is doing well but I am pushing it a bit with the huge cycles yet the floating DD has been acceptable in my opinion.

Perhaps once you grow your account a little more you might like to investigate trading a similar to account that I am with FX-TM if you can trade the 1000:1 leverage account in your jurisdiction (I have not checked your profile yet to see where you trade from).

Perhaps what I could have done is started with less leverage ....... hmmm

I might investigate a 50:1 leveraged account separately from here and see how it behaves.

Have you thought about opening a cent account with the $350 that'd give you 35 000 USC to trade with?
[trading conditions as pointed out above are the only drawback .....]

ps. I see you are from the US so 50:1 limit.......

Good trading,

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

I am finding this standard account on MT4 trading 0.01 lots works well so Im going to stick to this broker and account for now. As you mentioned it is 50:1 leverage but some pairs less. GBP/JPY for example is only 20:1 leverage. So, instead of opening a lot of ultra-small trades, I just open one 0.01 lot trade on this account. So far it seems to be working as Ive added roughly 2.7% to the account from this past Tuesday up to now and I am leaving a ton of money on the table right now. Next week I will adjust a bit more and see if I can increase the profit per trade without affecting the win rate.

My trades are risking between 1.4% and 4.5% of the account per trade and that is with a very generous stop loss so it is fairly comfortable as long as you dont open more than one or two trades at a time. And given that I close them manually shortly into profit they hardly ever get a chance to go negative and I can keep the volume up and the draw down to a minimum which is even more important in a small account like this.

With you starting from $1000 and beyond; maybe my contribution to your project then could be bringing my account from $350 to $1000.

Thanks again and enjoy your weekend.

On second thought, trying to trade this method on a std account with $350 is insane. So I made a small deposit.

AJ - update



Closed out remaining trades in the cycle manually.

Note that multiple trades had also been closed out earlier in this grand cycle.

ps. This will now open up an opportunity to start fresh cycles commencing from next week.

Masterrmind..........

SUMMARY OF FIRST 2 CYCLES OF TRADES

Pairs traded: AUDJPY and EURAUD

Pips gained: +28 352 pips

Account growth: +21.09%

Daily compound rate (myfxbook): +1.13%

Days traded: 14 days




Off to a great start but keen to get 2 more cycles started in the coming week and drive them to profit ....

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

A perfect way to close the month Masterrmind
A very big/long cycle but the cent account handle it without a problem i see.

Very well done sir!

Cheers!

Just wonderful.

Yes very large cycles of trades with quite large ranges and the account cruised through it no trouble at all.

Although I'm attempting to trade this account a little aggressively especially trading the AJ and EA pairs once the account grows larger I plan to start implementing lot progression sequencing.

Lot progression sequencing is simply trading a series of X entries at say 0.1 lots each and then the next Y entries at say 0.12 lots and so on.

I'd prefer to see the account at least double before I apply this technique so that I can have a nice buffer profit in place.

Lets see how that develops in the near future but certainly don't want to see all the good work come undone!

If the next few cycles produce a daily compounded rate greater than 0.5% then a progressive lot sequence may not be needed at all.

The 2 main parameters that interest me are the maximum floating DD and the average daily compound percent.

Time will provide the answer.

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