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Q A M Trading Strategy

  • #1,601
  • Sep 21, 2016 5:17am Sep 21, 2016 5:17am
please share ea?
  • #1,602
  • Sep 21, 2016 5:25am Sep 21, 2016 5:25am
Quoting sanyax
hi master you say in this link http://www.forexfactory.com/showthre...43#post9124743 for 10k lot you are using 0.01 ok? and whuch method and with 10k how many symbole can trade? and maybe trade all the day nad not only trade in tokyo session? and how many profit with month for 10k? you are recive?and please see 20/10/2008 gu yf 5min...1900 pip move price and call ever acc
Hi sanyax,

The 10K is only a recommendation.

Larger the account the easier it is to withstand DD relative to a small lot size.

With 10K I would still start off trading 1 to 2 pairs and only add another pair if the floating DD was low.

Adding more pairs is not always the route to riches.

Controlling the risk is!

Profit made is based on traders ability to control risk not on a certain $ amount.

However, there is nothing wrong in my view of having a short, medium and longer term profit goal.

At the end of the day though it is the market that dictates how much the trader will make and this is related to how well the trader limits losses.

With 10K you can trade in any session but with 50K or 100K life is much easier.

I have literally tested thousands of combinations but only on 1 pair at a time in MT4 and even using 0.01 lots on a 10k account can still blow up.

So the trader is the essential ingredient and his/her ability to make sound and timely discretionary decisions is absolutely the key to success.

ps. I suggest you test out multiple settings in the Expert in the MT4 strategy tester for a balance of 10K and test it on several different pairs over several different trading windows and then you will see how the results vary based on the historical data used.

pps. backtesting should not be used to indicate future returns ... only to test that a given strategy might have some chance of success or not.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #1,603
  • Sep 21, 2016 5:29am Sep 21, 2016 5:29am
Quoting sanyax
please share ea?
Go to Post #917 (or click on the paperclip icon at the top right of the page).

http://www.forexfactory.com/showthre...79#post8889979

Masterrmind............
Master your Mind then Master your Trades
  • #1,604
  • Sep 21, 2016 5:50am Sep 21, 2016 5:50am
Quoting Masterrmind
EA - Long cycle setup {image} As outlined well in advance on previous posts my load up zone for EA longs was posted as 1.4850 down to the 1.47 handle. Price is now neatly inside that zone so I will be loading up on long entries once an opportunity to enter becomes valid. A combination of At Market and Buy Stop type orders are likely to be applied. ps. well aware that price could also test recent swing lows so this is not a rush in type setup but a patience type approach. Masterrmind.......... :nerd:
EA

Attached Image (click to enlarge)
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Price is still very happy to continue pushing lower so I'll simply keep monitoring this pair.

Buy Stop orders may be applied over the next day or so.

Lets see.

ps. If I apply any pending orders I will post them!

Masterrmind............
Master your Mind then Master your Trades
  • #1,605
  • Sep 21, 2016 6:53pm Sep 21, 2016 6:53pm
Tokyo about to open.

Searching for a pair to trade as a CLS cycle.

Care needs to be exercised since current floating DD on the EJ cycle is about 7%.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,606
  • Sep 21, 2016 7:07pm Sep 21, 2016 7:07pm
AUDUSD [M1; 200 - MN 403; CLS 0.2]

Attached Image (click to enlarge)
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CLS cycle started.

Note: M1 TF and Q=200 for this cycle ... Q as always may be modified as trading continues if required.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,607
  • Sep 21, 2016 9:04pm Sep 21, 2016 9:04pm
Quoting Masterrmind
AUDUSD [M1; 200 - MN 403; CLS 0.2] {image} CLS cycle started. Note: M1 TF and Q=200 for this cycle ... Q as always may be modified as trading continues if required. Masterrmind..........
AU

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+51.7 pips.

Expert traded start to finish but managed throughout.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,608
  • Sep 22, 2016 2:07am Sep 22, 2016 2:07am
EA [Longer term setup]

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As stated previously I mentioned that I will post here when I place the pending orders and so here are the first 16 orders.

More will be added over the course of the next few days.

Lot sizes applied will vary commencing at the 1.47 handle @ 0.2 lots.

Stops will be staggered in due course so they are not at the same level.

TPs will be set at the same price level (1.53500).

Depending on PA trades may be added, closed out or modified.

ps. note the increasing lot sizing in the direction of the projected TP level.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,609
  • Sep 22, 2016 2:25am Sep 22, 2016 2:25am
Quoting Masterrmind
EA [Longer term setup] {image} As stated previously I mentioned that I will post here when I place the pending orders and so here are the first 16 orders. More will be added over the course of the next few days. Lot sizes applied will vary commencing at the 1.47 handle @ 0.2 lots. Stops will be staggered in due course so they are not at the same level. TPs will be set at the same price level (1.53500). Depending on PA trades may be added, closed out or modified. ps. note the increasing lot sizing in the direction of the projected TP level. Masterrmind.............
EA [D1 - pending orders]

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Price is currently about 40 to 50 pips below the first pending order.

ps. never copy blindly since trades can be modified or deleted at any time.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,610
  • Sep 22, 2016 7:15pm Sep 22, 2016 7:15pm
AUDUSD [M1; 200 - MN 503; CLS 0.2]

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Cycle started.

If DD was slightly lower I would be applying PLS cycles in the Asian session.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,611
  • Sep 22, 2016 7:43pm Sep 22, 2016 7:43pm
Quoting Masterrmind
AUDUSD [M1; 200 - MN 503; CLS 0.2] {image} Cycle started. If DD was slightly lower I would be applying PLS cycles in the Asian session. Masterrmind...........
AU

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1st short very quick for a small 6.3 pips noting that I missed the initial 6 Q box sells due to the actual start time .

Now running into a long cycle with 7 entries already in action.

Masterrmind............
Master your Mind then Master your Trades
  • #1,612
  • Sep 22, 2016 10:02pm Sep 22, 2016 10:02pm
Quoting Masterrmind
{quote} AU {image} 1st short very quick for a small 6.3 pips noting that I missed the initial 6 Q box sells due to the actual start time . Now running into a long cycle with 7 entries already in action. Masterrmind............
AU - update

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15 longs now in action.

Q modified to 300 simply to allow the same exit level to remain for a longer period of time before the exit level starts dropping.

Expert set to stop trading after this cycle on AU has completed.

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #1,613
  • Sep 23, 2016 1:15am Sep 23, 2016 1:15am
Quoting Masterrmind
{quote} AU - update {image} 15 longs now in action. Q modified to 300 simply to allow the same exit level to remain for a longer period of time before the exit level starts dropping. Expert set to stop trading after this cycle on AU has completed. Masterrmind............ :nerd:
AU - completed cycles (2)

Attached Image (click to enlarge)
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Closed out manually ... all winners.

Masterrmind............
Master your Mind then Master your Trades
  • #1,614
  • Sep 23, 2016 1:25am Sep 23, 2016 1:25am
Being a Friday and DD around the 5% mark I've decided not to trade a PLS cycle today.

Have a great weekend!

Masterrmind............
Master your Mind then Master your Trades
  • #1,615
  • Sep 23, 2016 8:12pm Sep 23, 2016 8:12pm
END OF WEEK SUMMARY

7 EURAUD long entries running
13 EURJPY long entries running

Attached Image


Current floating DD is 3.69%.

Masterrmind............
Master your Mind then Master your Trades
  • #1,616
  • Sep 25, 2016 3:12am Sep 25, 2016 3:12am
Hi Mastermind,

I am not used to the idea of EA trading for me and the number of trades being traded.

I want to trade manually and control drawdown manually.

I have used momentum-based trades using Currency Strength and Weakness of two major pair group acting as the trigger.

Pullback bounces based on MA cross-overs and filtered by Currency Group strength and weakness have also worked most of the times.

I am giving up those trades because those require intensive chart-watching and my health does not permit it.

My broker is FIFO-compliant which doesn't allow hedging in same currency. So in effect most of my positions would be netted and PNL will be shown.

Do you think your strategy permits this kind of approach?

Attached Image (click to enlarge)
Click to Enlarge Name: Quantum limited lot linked to currency strength and Fibo tool.png Size: 74 KB
Practice makes a person perfect
  • #1,617
  • Sep 25, 2016 5:33am Sep 25, 2016 5:33am
Quoting simnz
Hi Mastermind, I am not used to the idea of EA trading for me and the number of trades being traded. I want to trade manually and control drawdown manually. I have used momentum-based trades using Currency Strength and Weakness of two major pair group acting as the trigger. Pullback bounces based on MA cross-overs and filtered by Currency Group strength and weakness have also worked most of the times. I am giving up those trades because those require intensive chart-watching and my health does not permit it. My broker is FIFO-compliant which doesn't...
Expert Advisor

The Expert Advisor is actually very very easy to use and opens and closes orders including stopping after only 1 or 2 cycles if you wish.

The number of entries can be controlled including reverse entries and also entering the 1st trade after X * Q boxes have been generated.

After desirable settings have been made a template can be saved and used again at a later time.

Several templates can be saved with different magic numbers (including different settings for a given pair if preferred) and applied to many pairs.

I'm considering running a VPS setup to run low risk cycles in the background on a few pairs for additional profit making.

Note 1: You really need to spend some time trading with different settings in the EA to become very very familiar and then you'll see the value.
Note 2: DD can also be controlled in the Expert settings too (everything you need). %Equity Stop loss etc etc.

Manual Approach

FIFO is a pain no doubt about it (The EA also covers this requirement too)!
Can you think about trading with a non FIFO broker? Is that possible for you?

Many things can work most of the time but its the times they don't that can be quite disastrous if DD is not limited (controlled).

I have applied currency strength meters before but only used them for smaller TF trading for scalping type trades not for really large pip cycles.
Reason being is that the strength of a currency may (will) be valid for only the time that it is valid and this could be very short term.

Once you place trades and you are concerned about DD then you either have to apply hard stops on trades to control the DD, hedge it or apply options etc.

I really think you should spend some quality time getting to know and understand the Expert Advisor, treat it as an assistant.
It really does reduce the workload and you don't have to be glued to the screen all the time like I do.
I trade this way on the cent account because its a very small account and I want to be in total control at least for the time being.

Choose a different broker to trade this method if possible, FIFO is a pain and so too is not being able to hedge.

Perhaps you could take a few trades using your approach and post the results here so I can see exactly what you are doing and then I'll make further comments.

ps. With your health not being so good I would again suggest you think about using the Expert Advisor to run low to medium risk cycles as this will reduce alot of the workload. Set it up to trade only a few entries in a PLS setup and modify it as time goes on.

pps. A manual approach with this method of yours would need to be traded and posted here so that I can make further comments.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,618
  • Sep 25, 2016 7:38am Sep 25, 2016 7:38am
Hi Masterrmind,

I just want to let know that I started reading the whole thread last week. I am currently on page 33 and really appreciate your devotion to this thread. It is very uncommon to see someone put so much effort in helping others and explaining the way he trades.
I still remember your contribution to Udine's thread a couple of years ago and the fact that you were a master in trading around the daily open line and the Asian session. This thread again shows your skills in this regard. I will definately continue reading!
  • #1,619
  • Sep 25, 2016 8:21am Sep 25, 2016 8:21am
Quoting Adam84
Hi Masterrmind, I just want to let know that I started reading the whole thread last week. I am currently on page 33 and really appreciate your devotion to this thread. It is very uncommon to see someone put so much effort in helping others and explaining the way he trades. I still remember your contribution to Udine's thread a couple of years ago and the fact that you were a master in trading around the daily open line and the Asian session. This thread again shows your skills in this regard. I will definately continue reading!
Welcome Adam84.

I was actually going to start a TE in the 00 thread but the thread Op was not really that keen on the idea so I decided not to pursue it.

In this thread its mostly all transparent and if there is anything hidden just ask me and I'll quickly bring it to light.

There is a degree of discretionary trading involved and I will not make any apologies for that because sometimes a trader just has to make sense of chaos by him/her self.

In the early part of this thread and its fantastic that you are spending the time to read it but I'll just give you some quick dot points to get you up to speed.

1. The whole threads important so you'll need to know all the material eventually.

2. First QAM account was traded as a standard type account with Pepperstone brokers and it proved to be a struggle (but still pulled a tiny profit)

3. Decided after much thinking to start a QAM cent account with FX-TM brokers due to greater account to lot size ratio.

4. Transferred total funds (in $ amount) to the FX-TM account and started trading it.

5. Due to the higher ratio in the cent account (although spread is far worse than the Pepperstone account) far larger cycles of trades could be applied with relatively low DD (the worst I've had is about 28%DD and that was with 2 huge cycles and a few hundred trades open) .

6. So the cent account does not apply all of the teachings in the first part of the thread since the account can handle huge number of trades.

7. However, the earlier material posted in this thread will become highly important once the cent account reaches about 800 000 USC (US$8 000) when it will be returned to the Pepperstone account due to ECN and lower spreads etc and the fact the account is much larger.

8. Then this account will utilize much of the earlier material concerning trading methodology

9. DD will have an assigned maximum limit applied

10. Account will remain open until completion (whatever level that happens to be but the big 1M is the target).

That's it in a nut shell but as long as you understand that the cent account is being traded slightly (alot) differently to the first QAM account the it will all make sense.

I use an Expert Advisor to open and close trades but I monitor and manage the cycles of trades through to completion including making any modifications to Quantum values and entering manual trades or applying high lot opportunistic entries as well as recovery type trades as needed.

Progressive lot sequences (PLS) are now being applied and cycles of trades are being taken in both the Asian and the London sessions.

Getting the cent account to about the 8K figure without putting a large hole in the account is the current objective.

This is a journey and I'm not saying its easy to do but I am saying that at this stage it looks quite possible.

Time will tell if the target gets hit but I do hope to see you here at the end to hopefully witness a successful completion.

The account is far from being completed though .... there is a long long way to go yet!

ps Transparency: TE applied and also myfxbook as well as posted screenshots throughout.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,620
  • Sep 25, 2016 7:32pm Sep 25, 2016 7:32pm
Start of a new trading week

Asian session:

GBPJPY [M5; 40 - MN 110; CLS 0.2] in progress.

Possibly looking to trade another pair.

Masterrrmind...........
Master your Mind then Master your Trades
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