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QAM Trading Journal $US1000 to ???

  • #761
  • Aug 25, 2016 5:27am Aug 25, 2016 5:27am
Quoting Masterrmind
{quote} GJ - update {image} The Q boxes on the chart are at a value of 40. You can see that if I had of allowed the Expert to close out the cycle of trades at Q=40 then at least 5 trades would have been losers. Note where the Q=100 level is located thanks to the use of the Trending_label indicator. You also need to be aware of how the Q=100 level is tracing out across the chart because it traces out the high (in this case) between the current candle and 100 candles back in time so if the PA suddenly drops off to the downside then so too will the...
GJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB


Q altered to 150.

Masterrmind............
Master your Mind then Master your Trades
  • #762
  • Aug 25, 2016 5:33am Aug 25, 2016 5:33am
QUESTION TIME

Makes you wonder why I don't simply start with Q=150 and be done with it.

Anyone know why I start at a smaller Q value and work my way up progressively to higher Q values?

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #763
  • Aug 25, 2016 6:25am Aug 25, 2016 6:25am
Quoting Masterrmind
QUESTION TIME Makes you wonder why I don't simply start with Q=150 and be done with it. Anyone know why I start at a smaller Q value and work my way up progressively to higher Q values? Masterrmind........... :nerd:
As soon as I ask a question the masses disperse.

So predictable that very few are keen to learn!

Masterrmind............
Master your Mind then Master your Trades
  • #764
  • Edited 6:43am Aug 25, 2016 6:30am | Edited 6:43am
Good morning..

Here is my guess from your previous comments. There may be more to it.

A: Q goes higher to force positive outcomes.

Open with low Q + close with High Q == positive trades
Don't look down when learning to fly.
  • #765
  • Aug 25, 2016 6:51am Aug 25, 2016 6:51am
I'm thinking there has to be more to it. The EA allows for one Q value for open and a separate one for closing. I have not tested that but it would seem to make sense to enter the desired values there.

Perhaps there is a level of discretion necessary. Maybe it is a trader's call based on PA.
Don't look down when learning to fly.
  • #766
  • Aug 25, 2016 7:15am Aug 25, 2016 7:15am
Quoting Platanero
Good morning.. Here is my guess from your previous comments. There may be more to it. A: Q goes higher to force positive outcomes. Open with low Q + close with High Q == positive trades
Not too bad at all!

But we can add a little more ....

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

The Asian session generally trades with lower ranges than FF and London Opens .... yes!

It is desirable to generate many trades as possible in a smaller range ... yes!

The purpose in the first instance is to generate the trades and close them out before FF Open commences ... yes!

Based on PA and also for cycles not yet net positive and close to FF Open we may need to increase the Q value to force positive cycles ... yes!

We can also take the Expert from the chart and trade the cycle manually by applying/or adjusting the stops and TPs as necessary ... yes!

What happens if we start with the larger Q value from Tokyo Open?

Masterrmind............
Master your Mind then Master your Trades
  • #767
  • Aug 25, 2016 7:20am Aug 25, 2016 7:20am
It you start with higher Q values, it will take longer for trades to open if at all. If a cycle does open, it may be of higher range.
Don't look down when learning to fly.
  • #768
  • Aug 25, 2016 7:27am Aug 25, 2016 7:27am
Quoting Platanero
It you start with higher Q values, it will take longer for trades to open if at all. If a cycle does open, it may be of higher range.
Good!

Now consider a chart for clarity!

GJ [M5; Q = 40]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB

Could of had 9 winning trades in the first cycle.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
GJ [M5; Q = 150]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 33 KB

No quick start in an early cycle which is what you are after in a cycle ... get in and get out fast is ideal!

You really need to understand what the Quantum values mean and how to best apply them and how to modify them at the right time.

To get good at something you need to practice it the right way with plenty of chart time.

To become an expert you need to apply it by trading it and then explaining it to others .... simply enough ...yes!

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #769
  • Aug 25, 2016 7:39am Aug 25, 2016 7:39am
Yes! One mistake I made early on was thinking that a higher Q would result in less but better signals. This is not the case as illustrated above. I experimented with M5 chars with Q as high as 750. Even there, DD can happen.
Don't look down when learning to fly.
  • #770
  • Aug 25, 2016 7:43am Aug 25, 2016 7:43am
Traders should apply many different Q values to the same TF chart and make comparisons.

What you will find is that there are often many values close to the Q=40 on an M5 TF chart that make little difference.

However, a Q value will eventually be met that changes the results convincingly.

What you are looking for is a reasonable fit of Q to the chart you are planning to trade.

I've already done the hard work but you should search it out yourselves if you wish to master Quantum.

ps. mastering Quantum does not necessarily equate to trading it successfully but it is a great start.

Good trading,

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #771
  • Aug 25, 2016 7:45am Aug 25, 2016 7:45am
Quoting Platanero
Yes! One mistake I made early on was thinking that a higher Q would result in less but better signals. This is not the case as illustrated above. I experimented with M5 chars with Q as high as 750. Even there, DD can happen.
Yes!

You are right the DD condition can enter the equation at any time.

This is why I have continued to dwell so much on controlling risk because if a trader does not then their trading account is in serious danger.

On the cent account I trade I have not set a floating DD limit.

In some respects this is because I want to see what this account can really handle and it is a way to get the account off to a flying start provided I manage the account well.

In the future I will apply a strict floating DD limit as I did on the original standard account.

You might say that in this cent account I am testing certain ideas whilst attempting to grow it so lets see how it goes.

No matter what happens the process will be well documented for my benefit as well as others.

For other traders you can set your own floating DD limit but it should be less than double digits since a few big losses in a row and its hard to come back so trade wisely.

Masterrmind...........
Master your Mind then Master your Trades
  • #772
  • Aug 25, 2016 8:00am Aug 25, 2016 8:00am
If you want to stay in the market over extended periods of time as in multiple days then you should look at trading H1, H4 or D1 TFs.

You will have noticed me slipping in a few of these higher TF cycles.

I have already mentioned that I will continue to trade this longer cycles more and more as time goes on.

I simply look for setups on HTF charts and then let them loose and play out in the background while I concentrate on shorter TF cycles.

The reason I'm doing this is to give others the opportunity to trade much larger and much longer cycles of trades that can generate many thousands of pips.

Quantum has no limit!

Masterrmind...........
Master your Mind then Master your Trades
  • #773
  • Aug 25, 2016 8:06am Aug 25, 2016 8:06am
As time goes on this QAM Method will be refined by analyzing the good and the bad.

It is my intention to produce a repeatable trading plan of this technique so others can benefit if they wish.

But at this stage it could be several years until this is achieved .... if it is!

One day at a time .... one day at a time.

Masterrmind...........
Master your Mind then Master your Trades
  • #774
  • Aug 25, 2016 8:19am Aug 25, 2016 8:19am
Hi Mastermind
I originally followed the quantum thread but my account could not stand the draw down. I m starting to read your thread and will open a cent account with the broker you use as mine don't offer a cent account and will try your system once i fully understand it. You certainly are having success with it so i will set down to studying the system.
Thank you for helping all the traders on here
  • #775
  • Aug 25, 2016 8:43am Aug 25, 2016 8:43am
Quoting buzznack
Hi Mastermind I originally followed the quantum thread but my account could not stand the draw down. I m starting to read your thread and will open a cent account with the broker you use as mine don't offer a cent account and will try your system once i fully understand it. You certainly are having success with it so i will set down to studying the system. Thank you for helping all the traders on here
Believe it or not it can be a very relaxing way to trade if you understand everything that's going on and the account can easily handle the DD.

In the Quantum London Trading days I traded many different sessions but started to focus on the Asian session because it made sense too provided the reversals continued and the ranges were manageable and the spread was low especially on the turtle pairs (EURCHF and EURGBP).

Trading it as I still do now on a separate standard ECN account allows for larger lots and a balance that can withstand the big moves.
I simply just manage the cycles and scoop off the profit every so often.

Makes me wonder why I ever got involved in trying to make it work on a smaller account .... competitive personality is the reason and the fact that if someone says it can't be done .. I'll be the first to ask them .. WHY NOT!

Anyway here I am now in the thick of it and actually making some progress ... over a 40% gain so far so I'm feeling good!

Still waiting on that huge nasty cycle but you know what this little account can handle a lot ... it will surprise you.

Good for you for wanting to give it a go.

You can either trade your own pairs and cycles or you can mimic mine ... It's all fine by me.

Just to be clear though ... you know the drill! ... your responsible for your losses and you should only trade with money you can afford to lose!

That goes for everyone who trades FX.

Now if you are going to use FX-TM that's the one I researched as a "good" choice among many that didn't have enough options.

You will find this broker restrictive too because lets face it the cent account was actually set up for beginners with very low funds to practice on.

And here I am trading my very first cent account ....

Masterrmind...........
Master your Mind then Master your Trades
  • #776
  • Aug 25, 2016 8:51am Aug 25, 2016 8:51am
Quoting Masterrmind
{quote} GJ - update {image} Q altered to 150. Masterrmind............
GJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB


Still unfolding.

Watch the gap between highest price entry (for a short cycle) and the red upper Trending line.

Its important that a gap greater than spread remains in place at all times or a loser will result on Q close.

Trending line MUST be above highest price entry since this is the level that the Expert closes the trades once Q box appears and candle closes.

Note that when a Q close box appears that the trades remain open for another 5 minutes and price can travel a long way in this period so don;t be afraid to close it manually if desired.

Masterrmind............
Master your Mind then Master your Trades
  • #777
  • Edited 9:15am Aug 25, 2016 9:01am | Edited 9:15am
Quoting Masterrmind
{quote} GJ - update {image} Still unfolding. Watch the gap between highest price entry (for a short cycle) and the red upper Trending line. Its important that a gap greater than spread remains in place at all times or a loser will result on Q close. Trending line MUST be above highest price entry since this is the level that the Expert closes the trades once Q box appears and candle closes. Note that when a Q close box appears that the trades remain open for another 5 minutes and price can travel a long way in this period so don;t be afraid to close...
And if you start a cycle and this looks good but it turns out to be a long cycle and this eventually turns unfavorable, then that would be a good time to consider a higher Q value.
Don't look down when learning to fly.
  • #778
  • Aug 25, 2016 9:13am Aug 25, 2016 9:13am
Quoting Masterrmind
{quote} GJ - update {image} Still unfolding. Watch the gap between highest price entry (for a short cycle) and the red upper Trending line. Its important that a gap greater than spread remains in place at all times or a loser will result on Q close. Trending line MUST be above highest price entry since this is the level that the Expert closes the trades once Q box appears and candle closes. Note that when a Q close box appears that the trades remain open for another 5 minutes and price can travel a long way in this period so don;t be afraid to close...
GJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB


Q changed to 175.

Increasing the gap protects against losing trade(s)!

Masterrmind...........
Master your Mind then Master your Trades
  • #779
  • Aug 25, 2016 9:18am Aug 25, 2016 9:18am
Quoting Platanero
{quote} And if you start a cycle and this looks good but it turns out to be a long cycle and this eventually turns unfavorable, then that would be a good time to consider a higher Q value ... (?)
Yes but you need to be looking at the price levels that the Trending indicator is drawing out on the chart.

Ensure that the Trending settings mimic the Expert settings.

This is critical ... always do a random check by looking at both the Expert and the trending indi settings to make sure they match.

In the heat of battle it is easy to forget sometimes especially if you have been making multiple adjustments to the settings.

So please check it regularly otherwise you might find that 100 trades have been closed out prematurely for a big loss.

Don't let this happen ... check the settings!

Masterrmind...........
Master your Mind then Master your Trades
  • #780
  • Aug 25, 2016 9:23am Aug 25, 2016 9:23am
Question: Would there be value in trying to maximize winning cycles by trailing the market as long as it will yield profits instead of closing and starting a set of trades in the opposite direction?
Don't look down when learning to fly.
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