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Q A M Trading Strategy

  • #1,381
  • Sep 8, 2016 8:18pm Sep 8, 2016 8:18pm
Quoting Masterrmind
{quote} Hi penci, First I look at price action and chart structure. You need to know how the Quantum levels are determined which is made easy by the use of the Trending_Label indicator (blue and red lines). The Trending_Label indicator plots the HH and LL levels on the chart that match Quantum periods so I know visually exactly where the next Quantum signal boxes will be produced either blue or red based on the period applied. I make absolute certain that once I'm happy with an updated location for Q levels via the Trending_Label indicator that...
Excellent answer sir thank you, so you match your Q value with the period value next to HH & LL?
Success is going from failure to failure without loss of enthusiasm.
  • #1,382
  • Sep 8, 2016 8:23pm Sep 8, 2016 8:23pm
Quoting penci
{quote} Excellent answer sir thank you, so you match your Q value with the period value next to HH & LL?
Yes that's right.

Just place the Trending_label indicator on the chart and watch the levels change when you alter the settings ever so slightly.

You will find many times that when you change the settings ie the period that the blue and red lines remain the same and then all of a sudden a big change in the levels occurs.

This big change occurs due to the price structure of the chart and the HH and LL locations relative to the period you chose.

Take some time and practice on a chart and it will start to make sense.

ps. in live trading you might find that these values need to be updated often as time goes on so monitor the charts.

pps. if you start with a larger value initially you will miss out on several early entries in a cycle so this is why it has to be updated over time.

Masterrmind............
Master your Mind then Master your Trades
  • #1,383
  • Sep 8, 2016 8:31pm Sep 8, 2016 8:31pm
When you update the Q settings its important to check that say in the case of a long cycle that the LL trending line setting follows closely through at least the most recent Q long signal box.

This is to ensure that an entry will be generated once the current low is breached by price.

If you do not make this check on the chart and set a value too high then all it means is that you may skip an entry.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,384
  • Sep 8, 2016 8:32pm Sep 8, 2016 8:32pm
Quoting Masterrmind
{quote} Yes that's right. Just place the Trending_label indicator on the chart and watch the levels change when you alter the settings ever so slightly. You will find many times that when you change the settings ie the period that the blue and red lines remain the same and then all of a sudden a big change in the levels occurs. This big change occurs due to the price structure of the chart and the HH and LL locations relative to the period you chose. Take some time and practice on a chart and it will start to make sense. ps. in live trading you...
Where do you WANT the levels of the HH and LL though? because any value will generate some type of signal, surely there is a way to determine which period value for the HH and LL is best for a specific time in the day or something?
Success is going from failure to failure without loss of enthusiasm.
  • #1,385
  • Sep 8, 2016 8:35pm Sep 8, 2016 8:35pm
Quoting Masterrmind
{quote} GJ {image} Q altered to 60 ps. 4 manual entries to market. Masterrmind............
GJ

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


Q modified to 100

Masterrmind............
Master your Mind then Master your Trades
  • #1,386
  • Sep 8, 2016 8:40pm Sep 8, 2016 8:40pm
Quoting Masterrmind
{quote} GJ {image} Q modified to 100 Masterrmind............
My question using this example is what do you look for/ what is the indication that you must change your period from 60 to 100..?
Success is going from failure to failure without loss of enthusiasm.
  • #1,387
  • Sep 8, 2016 8:43pm Sep 8, 2016 8:43pm
Quoting penci
{quote} Where do you WANT the levels of the HH and LL though? because any value will generate some type of signal, surely there is a way to determine which period value for the HH and LL is best for a specific time in the day or something?
I often set values that match with the chart structure and also run along through the most recent Q signal box.

Other times I set values that purely force positive cycles so it depends on my intent.

I tend to like TPs or Q exit levels that remain inside recent highs or lows on the chart as the case may be such as below R levels, S levels or pivot points.

It is a case by case situation though and a pre-determined value cannot be set accurately however you can apply just the one setting for all time if you wish but be prepared for losing trades and losing cycles on a regular basis but with periods of several winners.

The approach I take is more along the lines of adapting to market conditions and updating settings to better flow with the price action on any given chart at any given time.

So the Expert is my assistant and assists in placing my orders and then it is my job to manage the chart structure and update the settings in the Expert as and when required.

Expert and me = team effort [humor intentional]!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,388
  • Sep 8, 2016 8:46pm Sep 8, 2016 8:46pm
Quoting penci
{quote} My question using this example is what do you look for/ what is the indication that you must change your period from 60 to 100..?
If a Q exit value is likely to end in a loss in the near future.

You must look at the previous chart structure of HH or LL and determine when the Q exit value will drop lower in the case of a long cycle.

So you also need to know when the Q exit level will reduce and this is easy to know by understanding how the level will change over time.

Sometimes it is not necessary to alter to a higher Q exit value immediately but I do this sometimes to keep ahead of the drop in the level.

ps. you need to look at a chart and know how these levels change over time based on HH and LL for a given period.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,389
  • Sep 8, 2016 9:01pm Sep 8, 2016 9:01pm
Quoting Masterrmind
{quote} I often set values that match with the chart structure and also run along through the most recent Q signal box. Other times I set values that purely force positive cycles so it depends on my intent. I tend to like TPs or Q exit levels that remain inside recent highs or lows on the chart as the case may be such as below R levels, S levels or pivot points. It is a case by case situation though and a pre-determined value cannot be set accurately however you can apply just the one setting for all time if you wish but be prepared for losing trades...

Im still very new to this EA and indicator pack so am finding it very difficult to get a grip on. Hopefully with some fiddling around I should be sound. Is there any HH / LL value that is ''best'' if I decide to leave it on a specific value and take losing cycles occasionally?

If there is good values to have which is best for each pair from your experience?
Success is going from failure to failure without loss of enthusiasm.
  • #1,390
  • Sep 8, 2016 9:06pm Sep 8, 2016 9:06pm
Do the following to become very familiar with how this works on the chart.

Choose a TF

Choose a Q period

Apply Q and the trending indi to the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB


Now look at the PA across the chart from the period you chose up to the current candle this is your range of interest.

On the screenshot I provided as a quick example Ive used an M5 TF with Q=100.

A black vertical line is the start of the boundary but know that this boundary shifts 1 position every 5 minutes so 100 candles are always contained within this working zone.

The trending indi maps out the highest and the lowest levels within the 100 candle range or whatever period you choose for Q.

Now can you see how a drop might occur?

ps. be aware that the Q boxes shown on the chart example are set at a period of 40.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,391
  • Sep 8, 2016 9:06pm Sep 8, 2016 9:06pm
Closed out the EJ cycle for about 25 pips. Letting the EUR/AUD cycle run over night.

Good evening and good trading everyone.-
Don't look down when learning to fly.
  • #1,392
  • Sep 8, 2016 9:06pm Sep 8, 2016 9:06pm
Also i just got 'order send error 149' do you know what this could mean?


----- never mind i sorted it -----
Success is going from failure to failure without loss of enthusiasm.
  • #1,393
  • Sep 8, 2016 9:18pm Sep 8, 2016 9:18pm
Quoting Masterrmind
Do the following to become very familiar with how this works on the chart. Choose a TF Choose a Q period Apply Q and the trending indi to the chart. {image} Now look at the PA across the chart from the period you chose up to the current candle this is your range of interest. On the screenshot I provided as a quick example Ive used an M5 TF with Q=100. A black vertical line is the start of the boundary but know that this boundary shifts 1 position every 5 minutes so 100 candles are always contained within this working zone. The trending indi maps...
For this GJ stack, where would you place all the stop losses? Is there a way that the indicators help or do you leave it down to the EA?
Success is going from failure to failure without loss of enthusiasm.
  • #1,394
  • Sep 8, 2016 9:23pm Sep 8, 2016 9:23pm
Quoting penci
{quote} Im still very new to this EA and indicator pack so am finding it very difficult to get a grip on. Hopefully with some fiddling around I should be sound. Is there any HH / LL value that is ''best'' if I decide to leave it on a specific value and take losing cycles occasionally? If there is good values to have which is best for each pair from your experience?
If you want the easy way out then I suggest you test multiple different settings yourself.

This is because it depends on many parameters such as account balance, risk tolerance, TF choice, trading window session, choice of pair, applied lot sequence, trading ranges, number of cycles or continual 24 hour.

You can load up the Expert on a demo account and spend the day testing out different settings until you come to one you like if you wish.

Only you will know if a setting suits you ... no-one else.

Hope you see my point.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,395
  • Sep 8, 2016 9:25pm Sep 8, 2016 9:25pm
Quoting Masterrmind
{quote} If you want the easy way out then I suggest you test multiple different settings yourself. This is because it depends on many parameters such as account balance, risk tolerance, TF choice, trading window session, choice of pair, applied lot sequence, trading ranges, number of cycles or continual 24 hour. You can load up the Expert on a demo account and spend the day testing out different settings until you come to one you like if you wish. Only you will know if a setting suits you ... no-one else. Hope you see my point. Masterrmind................
I will do that tomorrow. Your help is greatly appreciated... Thank you very much MRRM

happy trading
Success is going from failure to failure without loss of enthusiasm.
  • #1,396
  • Sep 8, 2016 9:32pm Sep 8, 2016 9:32pm
Quoting penci
{quote} For this GJ stack, where would you place all the stop losses? Is there a way that the indicators help or do you leave it down to the EA?
Based on the type of account you are trading the stops can be anywhere you like relative to your risk tolerance.

On this account that I'm trading I start with fairly wide stops because the risk per pip per trade is very low.

On a different account a much tighter stop might be required to limit potential loss.

Traders choice as to stop placement.

I never leave it all to the EA ... I manage and i monitor and I adapt to the market and I make what I see as timely changes to settings including closing out cycles early in profit sometimes long before a TP level is ever hit.

I rule the account not the EA.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,397
  • Sep 8, 2016 9:37pm Sep 8, 2016 9:37pm
Quoting penci
{quote} I will do that tomorrow. Your help is greatly appreciated... Thank you very much MRRM happy trading
Just so you know I have spent thousands of hours testing multiple setups.

What I found out was that one particular setup would make huge profit .... BUT .... only over a given period of time (ie favorable data) and it would lose out on a different period of data.

I tend to like trading large lot sizes in the Asian session on low range pairs that have very low spread... this is my secret!

Except for a very large account then I trade over longer and more volatile trading periods but with greatly reduced lot progression.

You need to seek out a compromise between profit and realized risk.

At the end of the day its the trader that makes or breaks it.

Masterrmind............
Master your Mind then Master your Trades
  • #1,398
  • Sep 8, 2016 10:19pm Sep 8, 2016 10:19pm
Quoting Platanero
Closed out the EJ cycle for about 25 pips. Letting the EUR/AUD cycle run over night. Good evening and good trading everyone.-
More pips to the tally.

Masterrmind.........
Master your Mind then Master your Trades
  • #1,399
  • Sep 9, 2016 1:09am Sep 9, 2016 1:09am
Pending PLS cycle on the EURAUD pair.

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


ps. only for those who are truly keen (you know who you are!)

pps. Expert assistant just stepped in to take over the controls momentarily.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,400
  • Sep 9, 2016 3:37am Sep 9, 2016 3:37am
Quoting Masterrmind
Pending PLS cycle on the EURAUD pair. {image} ps. only for those who are truly keen (you know who you are!) pps. Expert assistant just stepped in to take over the controls momentarily. Masterrmind...........
EA

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB


Finally hit my first PLS cycle on this account.

Nice trend to the upside to collect multiple shorts.

Trades so far are as follows:

12 shorts @ 0.1 lots
9 shorts @ 0.2 lots and
1 trade @ 0.5 lots

........ and counting ........... and all within about a 50 pip or so range from entry #1.

I also have the option should price drop down to close out at Q=300 level just above the DO line or to allow trades to continue to TP.

Masterrmind.............
Master your Mind then Master your Trades
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