QAM Trading Journal $US1000 to ??? | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

Creating my Trading Plan + My Trading Journal 27 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies

Attachments: QAM Trading Journal $US1000 to ???
Exit Attachments

QAM Trading Journal $US1000 to ???

  • #781
  • Aug 25, 2016 9:27am Aug 25, 2016 9:27am
Quoting Masterrmind
{quote} 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....
Understood.

Still at it manually until I understand the EA better.
Don't look down when learning to fly.
  • #782
  • Aug 25, 2016 9:28am Aug 25, 2016 9:28am
Quoting Platanero
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?
Do you mean following the trend?

Masterrmind...........
Master your Mind then Master your Trades
  • #783
  • Aug 25, 2016 9:30am Aug 25, 2016 9:30am
Quoting Platanero
{quote} Understood. Still at it manually until I understand the EA better.
Yes just be aware that there are several useful EA's that can be used and in the future it is likely that I will apply another EA based on lot size progression.

Until the account grows much larger there is no need for me to consider such a change.

Masterrmind............
Master your Mind then Master your Trades
  • #784
  • Aug 25, 2016 9:35am Aug 25, 2016 9:35am
Quoting Masterrmind
{quote} Do you mean following the trend? Masterrmind...........
Following it with winning trades in tow. And a general trailing SL.
Don't look down when learning to fly.
  • #785
  • Aug 25, 2016 9:45am Aug 25, 2016 9:45am
Quoting Platanero
{quote} Following it with winning trades in tow. And a general trailing SL.
You could certainly have a look at it.

Trailing stops that lock in profit are always ideal.

You'd certainly need the trailing setup in an Expert depending on the complexity of the cycle (ie multiple trades running since doing this manually might prove tiresome and inefficient).

Masterrmind...........
Master your Mind then Master your Trades
  • #786
  • Aug 25, 2016 9:56am Aug 25, 2016 9:56am
Quoting Masterrmind
{quote} You could certainly have a look at it. Trailing stops that lock in profit are always ideal. You'd certainly need the trailing setup in an Expert depending on the complexity of the cycle (ie multiple trades running since doing this manually might prove tiresome and inefficient). Masterrmind...........
Yes, and in my case also something that follows FIFO rules.

I will explore this option. I would not call myself a programmer but I know enough to be dangerous and can usually hack something into doing what I want it to.
Don't look down when learning to fly.
  • #787
  • Aug 25, 2016 10:08am Aug 25, 2016 10:08am
COULD EVERYONE PLEASE START POSTING IN THE FOLLOWING THREAD:

QAM TRADING STRATEGY

Available from this link:

http://www.forexfactory.com/showthread.php?t=580721

Its just to keep this thread more towards progress in the journal rather than an indepth education.

So please if you wouldn't mind heading over to the other thread it would be appreciated.

Thanks in advance.

Masterrmind...........
Master your Mind then Master your Trades
  • #788
  • Aug 27, 2016 7:37am Aug 27, 2016 7:37am
END OF WEEK SUMMARY

AUDUSD [Short Cycle]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 32 KB


EURGBP [Short Cycle]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 28 KB


AUDUSD = 15 short trades

EURGBP = 13 short trades

Current floating DD = -0.78%

Attached Image


The AUDUSD cycle now has only 15 shorts in action and due to the news and being a Friday I didn't load up on shorts as outlined previously.

The EURGBP cycle now has only 13 shorts in action.

Although not entirely necessary I may look to clean up the cycles by closing out most profitable trades by the end of the month.

ps. account continues to track well ... end of month summary will be posted just after mid week!

Masterrmind.............
Master your Mind then Master your Trades
  • #789
  • Aug 27, 2016 8:47am Aug 27, 2016 8:47am
Poll Results up to this point are as follows:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


As always I thank you for taking the time to cast your vote.

Note that this is an ongoing and continual poll so if you have not voted and would like too please visit page #1 and vote away.

Every so often when I think about it I will upload the most recent Poll results.

Masterrmind...........
Master your Mind then Master your Trades
  • #790
  • Edited Aug 28, 2016 2:02am Aug 27, 2016 10:16am | Edited Aug 28, 2016 2:02am
I follow you every day Masterrmind and i think you've done an amazing job. Unfortunately i couldn't follow you in the trading journey because of day job. ( my last trade was in mid July)
You have achieved good results so far by controling the risk.
Right now the first poll chose seems to be unlucky which is an achievement itself .
Looking forward to see WHEN you will double the account and how you will implement lot progression and what kind of results will be possible to achive.
Also it will be interesting to try and "simulate" lot progression strategy based on your past trades to see what the DD would be and what the final profit/loss will look like.

P.s I'm happy to see more people interesting in QAM strategy.
  • #791
  • Aug 28, 2016 6:18am Aug 28, 2016 6:18am
Quoting Shuael
I follow you every day Masterrmind and i think you've done an amazing job. Unfortunately i couldn't follow you in the trading journey because of day job. ( my last trade was in mid July) You have achieved good results so far by controling the risk. Right now the first poll chose seems to be unlucky which is an achievement itself . Looking forward to see WHEN you will double the account and how you will implement lot progression and what kind of results will be possible to achive. Also it will be interesting to try and "simulate" lot progression...
The Poll results are certainly entertaining and no matter what the majority thinks we all know my intention don't we!

I understand your situation and that's perfectly fine.

The information in these threads will always be here till the end of time I assume so you can always visit it when you do have time.

Just quietly, I'm quite confident the account will at least double and if it does the next phase will be to apply progressive lot sequencing to double the account again, after which it will be again doubled bringing it up to a balance of about 800 000. I'll either keep trading the account to the 1 000 000 mark or simply transfer it to an 8K standard account and then outline how I plan to trade this account moving forward.

The main issue with the progressive lot sequencing (PLS) approach is of course the escalating DD issue.

The PLS approach can really increase the growth rapidly however, uncontrolled DD can put some fairly large pullbacks in the equity curve something I do want to avoid as much as possible.

I will outline my plan for the assigned floating DD limit much later on.

I think many people will be interested to see how the equity curve progresses once the PLS takes effect .. myself included.

Take care and many thanks for dropping by its always appreciated.

ps. I was certainly expecting much more interest but it appears most only care to focus on the gain and not how to get there!

Masterrmind...........
Master your Mind then Master your Trades
  • #792
  • Aug 28, 2016 11:54am Aug 28, 2016 11:54am
How to manage DD with progressive lot sequencing is something I want to learn from your experience.
It will be a some job to balance DD, PLS and Equity curve.
I hope it opens the doors for a rapid escalation in equity.
Practice makes a person perfect
  • #793
  • Aug 28, 2016 7:03pm Aug 28, 2016 7:03pm
Quoting simnz
How to manage DD with progressive lot sequencing is something I want to learn from your experience. It will be a some job to balance DD, PLS and Equity curve. I hope it opens the doors for a rapid escalation in equity.
Hi simnz,

Yes it will be interesting I'm sure.

There is always the option to simply increase constant lot size however, PLS offers the opportunity to close out cycles of trades much sooner although the strike rate overall will eventually drop off because of closing out net profitable cycles not when all trades are positive.

Time will tell!

Masterrmind............
Master your Mind then Master your Trades
  • #794
  • Aug 28, 2016 7:22pm Aug 28, 2016 7:22pm
AUDUSD [Last 15 shorts closed out]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB


ps. currently only 13 shorts on EURGBP pair are running!

Masterrmind............
Master your Mind then Master your Trades
  • #795
  • Aug 31, 2016 10:22am Aug 31, 2016 10:22am
SUMMARY FOR END OF AUGUST 2016

Equity Curve

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


Pairs Summary

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 42 KB


Risk of Ruin

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 21 KB


Account Summary:

Total trades = 874
Strike rate = 99%
Daily compound rate = 0.71%
Monthly compound rate = 23.27%
Maximum DD = 28.23%
Currently running trades = Nil
Account growth = 42.34%

The trading account continues to progress well.

Lets see what gains can be made through September.

Masterrmind...........
Master your Mind then Master your Trades
  • #796
  • Oct 1, 2016 4:56am Oct 1, 2016 4:56am
SUMMARY FOR END OF SEPTEMBER 2016

Equity Curve
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


Pairs Summary
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB

Attached Image

Risk of Ruin
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 21 KB


Account Summary:

Total trades = 1360 closed
Strike rate = 99%
Daily compound rate = 0.69%
Monthly compound rate = 22.85%
Maximum DD = 28.23% (unchanged max. from previous months)
Currently running trades = 57
Current pending orders = 7
Account growth = 73.95%
Current floating DD = 2.89%

The trading account continues to progress well.

Lets see what gains can be made through October.

Masterrmind...........
Master your Mind then Master your Trades
  • #797
  • Mar 18, 2017 7:02am Mar 18, 2017 7:02am
hi Master Mr master
i think uare strong enough to beat the market. how the account now?
  • #798
  • Mar 24, 2017 2:46am Mar 24, 2017 2:46am
QAM-1000-Live

The new live QAM account will commence from the first trading week in April 2017.
It is preferable to complete this journey using the QAM Method on the same account from start to finish.


Start Date: Monday April 3, 2017

Start Balance: USD$1000
Stop Balance: USD$1M in Equity

Broker: To be chosen prior to commencement although the main contender is already known.

Trading Method: QAM Methodology (part Expert and part Manual)

Trade Type: Any combination of entries at market or by pending orders can be applied either by Expert or manually.

Trade Count: Certain limits may be applied to the number of trades running on the account at the same time or indeed by pair.

Time Frame: Multiple time frames (cycles may be traded on a larger TF chart but a smaller M1 chart used to rapidly generate entries)

Trading Window: Any session can and will be traded on this account and may alter due to equity levels.

Pair Choice: Multiple pairs (majors, minors, turtles and volatiles including Gold and Silver and CFDs)

Lot Choice: Small lots commencing from 0.01 per trade will be made with gradual increases according to equity levels

Lot Sequence: Initially pure CLS followed by a combination that includes PLS lot sequencing

Stop Loss: Will most likely be applied at all times (may be hidden by EA) based on a host of factors, the main one being risk% based on equity.

Take Profit: Applied per trade or per cycle at pre-determined levels usually determined by chart structure.

Deposits: Only USD$1000 will be funded to the trading account and only realized profit withdrawn can be added back into the account.

Withdrawals: It is possible that a series of withdrawals will be made as deemed necessary.

Target: The target will not have been met unless Equity shows 1M on the trading account.

Reset Feature: Provided that at least USD$1000 has been withdrawn from the trading account then multiple attempts to the target are possible.

Reset Frequency: For every USD$1000 withdrawn from the trading account 1 additional attempt to the target is permissable.

Failed Totally: This occurs where the account is unable to open the smallest allowable trade on the brokerage (no withdrawal made to allow restart).

Trade Explorer: Will be used throughout the trading journey as a reference and as proof of live trading results

Commentary: Basic summary made at key events, close of cycles, end of week or end of month and milestones.

Questions: Welcomed and invited and to be used as an expansion on trading techniques being applied.

Although it was preferred to start the new account once the MT5 Expert Advisor with advanced functionality had been completed, unfortuneately it is not yet complete and not wanting to wait longer I will commence without it.

The trading platform to be used will likely be MT5 so that in several months time when the Advanced MT5 Expert is finished it can be applied to the current trading account in a smooth and seamless process.

Additional information will be posted over the next several days prior to commencement of the live account.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #799
  • Mar 27, 2017 9:31pm Mar 27, 2017 9:31pm
Quoting Masterrmind
QAM-1000-Live The new live QAM account will commence from the first trading week in April 2017. It is preferable to complete this journey using the QAM Method on the same account from start to finish. Start Date: Monday April 3, 2017 Start Balance: USD$1000 Stop Balance: USD$1M in Equity Broker: To be chosen prior to commencement although the main contender is already known. Trading Method: QAM Methodology (part Expert and part Manual) Trade Type: Any combination of entries at market or by pending orders can be applied either by Expert or manually....
Ok perhaps a little set back.

It appears that MT5 platform is not supported by TE analytics.

I have sent a request for information about this MT5 TE issue and will wait to hear their response.

Options moving forward might include:

a) using the MT4 platform with TE,
b) using MT5 with myfxbook but it currently lacks the verification process,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB

c) using MT5 with FXBlue or some other MT5 trade history analytic provider.

Masterrmind............
Master your Mind then Master your Trades
  • #800
  • Apr 3, 2017 1:47am Apr 3, 2017 1:47am
Quoting Masterrmind
{quote} Ok perhaps a little set back. It appears that MT5 platform is not supported by TE analytics. I have sent a request for information about this MT5 TE issue and will wait to hear their response. Options moving forward might include: a) using the MT4 platform with TE, b) using MT5 with myfxbook but it currently lacks the verification process, {image} c) using MT5 with FXBlue or some other MT5 trade history analytic provider. Masterrmind............
QAM-1000-Live account will be uploaded soon.

MT5 Zero account with XM markets.

Several alternatives were considered such as FXPro, Active Trades, Swissquote and many others but some brokers although great on paper had minimum lots of 0.1 which for a 1K QAM account is not preferable.

I'm looking forward to continuing the QAM trading journey.

More updates coming soon.

Good Trading,

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