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Q A M Trading Strategy

  • #1,661
  • Sep 30, 2016 12:23am Sep 30, 2016 12:23am
Quoting KGP
masterming do you have preferred "Q" levels for each pair on different TFs (M5/M15/M30)? i am strangling to find something that works across on all of them...so far i am using Q250 and using it on 9 pairs 22/5 (although on demo...in a real account i would take friday off... to eliminate orders "standing by" over the weekend)
If you have a look at my templates which may also be updated at some stage the following is a general Quantum approach that I apply.

M1 [Q=200 - Asian session, Q=300+ - London session]

M5 [Q=40 - Asian session, Q=40+ - London session]

M15[Q=10 - Asian session, Q=10+ - London session]

M30, H1, and higher TFs by request.

There is no such thing as a perfect Quantum fit for a given pair or any pair in general only what I call a best fit.

But even a best fit cannot be successful all the time and therefore relies on timely input from an alert trader.

A dynamic approach is required meaning that the PA on the chart for a given pair must also be considered and Q modified to fit with recent PA and trading window trading ranges.

Moving forward there is no guarantee of getting Q right all the time or at all.

So a risk management approach is necessary in preserving the trading account (trade count, trade lot size and account margin etc etc).

Starting out with QAM hopefully you applied 1 pair and then progressed from there to eventually get to 9 pairs.

I also hope that you have a huge amount of margin level% trading 9 pairs and using ultra low lot sizing (minimal lots).

Try to close out of trades early on a Friday and certainly before FF Open otherwise a cycle can indeed head straight into the weekend which can create unfavorable gapping situation in price if you are running anything but the smallest of cycles.

If you get caught up in longer term cycles then sometimes you have little option but to weather the storm as I have done on several occasions.

But my preference will always be that no trades open over the weekend is a very good option.

ps. feel free to share some of your cycles by posting them here if you wish as multiple pairs is what I'll be trading more of once this account grows larger even though I have had 4 pairs running at a time (carefully selected pairs noting account exposure).

pps. Trading too many pairs too soon on an underfunded account can be quite dangerous unless you are an expert hedger or are only applying tiny lots on a few trades per pair. Watch the account margin as this needs to be plentiful.

Masterrmind........
Master your Mind then Master your Trades
  • #1,662
  • Sep 30, 2016 12:31am Sep 30, 2016 12:31am
I will be looking to trade either a CLS or PLS cycle closer to the London Open later today.

This could be an Expert + manual approach including some higher lot opportunistic entries.

Masterrmind............
Master your Mind then Master your Trades
  • #1,663
  • Sep 30, 2016 3:22am Sep 30, 2016 3:22am
AU [PLS + manual]

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Late start so 5 @ 0.2 lot manual entries added at market price.

I may trade this pair well into NY session but lets see how the PA goes.

Masterrmind............
Master your Mind then Master your Trades
  • #1,664
  • Sep 30, 2016 6:05am Sep 30, 2016 6:05am
Quoting Masterrmind
{quote} If you have a look at my templates which may also be updated at some stage the following is a general Quantum approach that I apply. M1 [Q=200 - Asian session, Q=300+ - London session] M5 [Q=40 - Asian session, Q=40+ - London session] M15[Q=10 - Asian session, Q=10+ - London session] M30, H1, and higher TFs by request. There is no such thing as a perfect Quantum fit for a given pair or any pair in general only what I call a best fit. But even a best fit cannot be successful all the time and therefore relies on timely input from an alert...
Mastermind,

Thank you very much for explaining what could be in store if I were to follow QAM strategy. And now with this best fit post, I have got more clarity. I think it will be worthwhile to face the two beasts - pullbacks and drawdown and see whether you succeed in taming them. The real-time risk management experience will be invaluable and will make me a fearless trader.

I am looking forward to start in phased manner and adopt ways which suit my personality.
Practice makes a person perfect
  • #1,665
  • Sep 30, 2016 7:26am Sep 30, 2016 7:26am
Quoting Masterrmind
AU [PLS + manual] {image} Late start so 5 @ 0.2 lot manual entries added at market price. I may trade this pair well into NY session but lets see how the PA goes. Masterrmind............
AU

Several longs and then a series of PLS shorts all smaller TP trades but all winners.

Masterrmind............
Master your Mind then Master your Trades
  • #1,666
  • Sep 30, 2016 8:26am Sep 30, 2016 8:26am
Quoting simnz
{quote} Mastermind, Thank you very much for explaining what could be in store if I were to follow QAM strategy. And now with this best fit post, I have got more clarity. I think it will be worthwhile to face the two beasts - pullbacks and drawdown and see whether you succeed in taming them. The real-time risk management experience will be invaluable and will make me a fearless trader. I am looking forward to start in phased manner and adopt ways which suit my personality.
Lets see how this account develops over time.

An important part is actually what happens throughout the journey not so much the end result.

My aim is to highlight the traps, the dangers, the big DD and many other considerations but importantly how these situations can be best handled.

I'm sure this journey will be beneficial to all those traders who take notice and adapt it to suit their own unique personalities.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #1,667
  • Sep 30, 2016 9:42am Sep 30, 2016 9:42am
Quoting Masterrmind
{quote} AU Several longs and then a series of PLS shorts all smaller TP trades but all winners. Masterrmind............
AU

Multiple shorts added with relatively small TPs.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,668
  • Oct 1, 2016 9:08am Oct 1, 2016 9:08am
FX Blue Live Account Analytics for end of September 2016

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Masterrmind...........
Master your Mind then Master your Trades
  • #1,669
  • Oct 1, 2016 1:41pm Oct 1, 2016 1:41pm
Mastermind are you the owner of the FXTM?
You have such big amount on acc by the unreliable broker ( according to the reviews on the net)!
  • #1,670
  • Oct 1, 2016 7:27pm Oct 1, 2016 7:27pm
Quoting lapras
Mastermind are you the owner of the FXTM? You have such big amount on acc by the unreliable broker ( according to the reviews on the net)!
Pretty sure it's a cent account not a dollar account so $ balance is $1,780. Happy to be corrected.
flipfloptrader forum
  • #1,671
  • Oct 1, 2016 10:14pm Oct 1, 2016 10:14pm
Quoting lapras
Mastermind are you the owner of the FXTM? You have such big amount on acc by the unreliable broker ( according to the reviews on the net)!
Hi lapras,

The account being traded is a cent account with FX-TM so the currency is in fact US cents (USC) as clearly shown in post 1668.
I have also mentioned this several times throughout the thread so I suggest some reading on your part is in order.

I chose this type of account mainly due to the ratio between account balance and minimal lot sizing among other factors.

If you search hard enough you will find some bad reviews about every type of broker on the planet so a trader must decide after considering all possible information.

You should probably not base your broker decisions on a few bad reviews as the internet is filled with both honest and also spiteful people.

Many times that means choosing the best from a group of likely candidates.

Apart from high spread on several pairs compared to ECN type brokers (which is expected on a cent account because it is to be considered only a test type of account for new strategies and therefore trading conditions are not meant to be or provided at optimal levels).

As stated many many times this cent account (after reaching about 800 000 USC) will be transferred to an ECN type account.

ps. based on current performance do you really think they are unreliable ... in terms of what criteria may I ask?

pps. at the end of the day it matters not what the units of currency are be they USD, GB Pounds, Euros or even US cents ... what matters more is account growth relative to risk taken (floating drawdown etc etc).

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #1,672
  • Oct 2, 2016 12:57am Oct 2, 2016 12:57am
Quoting Masterrmind
{quote} If you have a look at my templates which may also be updated at some stage the following is a general Quantum approach that I apply. M1 [Q=200 - Asian session, Q=300+ - London session] M5 [Q=40 - Asian session, Q=40+ - London session] M15[Q=10 - Asian session, Q=10+ - London session] M30, H1, and higher TFs by request. There is no such thing as a perfect Quantum fit for a given pair or any pair in general only what I call a best fit. But even a best fit cannot be successful all the time and therefore relies on timely input from an alert...
the pairs traded are in the following screenshot
http://prntscr.com/cosodi

the leverage is 1:400 and with a starting balance of 250 its currently at 342.52 with a DD of almost 50% within 4 days

it runs 22/5 and amazingly it managed to be with no trades carried out through weekend

Q used is 250 (although the Q indicator on charts is 300) and the TF is M5

i know what you mean about monitoring the setup... i saw the extensive DD while i was on screen (i dont babysit it i just let it run) and i was puzzled how it got away...i was watching it believing it was "moments" from going bust...

to be honest if it was a real account i wouldnt have included eurjpy and gbpjpy now that i seen them in action.... i prefer the "hard core" majors + eurgbp from the experience i have so far...

so far the 250 served well its purpose ;-) although i am still trying to find a way on how the withdrawal works LOL
  • #1,673
  • Oct 2, 2016 6:09am Oct 2, 2016 6:09am
Quoting KGP
{quote} the pairs traded are in the following screenshot http://prntscr.com/cosodi the leverage is 1:400 and with a starting balance of 250 its currently at 342.52 with a DD of almost 50% within 4 days it runs 22/5 and amazingly it managed to be with no trades carried out through weekend Q used is 250 (although the Q indicator on charts is 300) and the TF is M5 i know what you mean about monitoring the setup... i saw the extensive DD while i was on screen (i dont babysit it i just let it run) and i was puzzled how it got away...i was...
Thanks for posting.

Are you saying you started off with 9 pairs on a balance of only $250 (not using a cent account)?

I assume trading 0.01 lots across all entries.

Trading live I would tend to ease my way in by starting off with 1-2 pairs and then based on DD look to start adding some strategically hedged and/or correlated (+ve or -ve) pairs to start offsetting floating DD.

However, I think a little more than $250 is needed as you can see on the demo how close the account came to vanishing.

Its a great exercise though and the best part is that you are learning what can happen on a small account.

Trading 9 pairs!? ......... in the naughty corner for you my friend ............

I look forward to hearing any major updates including its progress.

Masterrmind............
Master your Mind then Master your Trades
  • #1,674
  • Oct 2, 2016 10:29am Oct 2, 2016 10:29am
Quoting Masterrmind
{quote} Hi lapras, The account being traded is a cent account with FX-TM so the currency is in fact US cents (USC) as clearly shown in post 1668. I have also mentioned this several times throughout the thread so I suggest some reading on your part is in order. I chose this type of account mainly due to the ratio between account balance and minimal lot sizing among other factors. If you search hard enough you will find some bad reviews about every type of broker on the planet so a trader must decide after considering all possible information. You...
I am sorry I did not know that this is cent account. Should read entire thread next time.
I saw before nice Trade explorers with a lot of cash on it. But then I have found out that TE could be manipulated by the broker.
You see, if one have access to the trade history at broker, one could edit data. And one could make TE to show 1000% gain each day if he like.

lapras
  • #1,675
  • Oct 2, 2016 5:50pm Oct 2, 2016 5:50pm
Quoting lapras
{quote} I am sorry I did not know that this is cent account. Should read entire thread next time. I saw before nice Trade explorers with a lot of cash on it. But then I have found out that TE could be manipulated by the broker. You see, if one have access to the trade history at broker, one could edit data. And one could make TE to show 1000% gain each day if he like. lapras
Yes lapras in a situation such as data manipulation from a scrupulous brokers side you are absolutely correct.
The currency of the trading account does not matter whether it is in $US, $AU, Pounds, Swiss Franks or US cents.

If you peruse through my threads you will see quite often in advance of the fact what pairs are being considered and which pairs are going to be traded.

Multiple screenshots capture much of the activity in the QAM Strategy as it is my intention to be as transparent as possible.

What you see posted and detailed in my threads are the trading facts and nothing but the trading facts.

ps. there is a reason for using this cent account (higher ratio between account balance to minimal lot sizing) but when it grows up a little more its off to an ECN account.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #1,676
  • Oct 2, 2016 6:05pm Oct 2, 2016 6:05pm
OCTOBER Trading Commences

Wishing all traders a prosperous trading month.

Lets keep busy and carefully grow our accounts.

Masterrmind............
Master your Mind then Master your Trades
  • #1,677
  • Oct 2, 2016 6:28pm Oct 2, 2016 6:28pm
Quoting Masterrmind
{quote} Thanks for posting. Are you saying you started off with 9 pairs on a balance of only $250 (not using a cent account)? I assume trading 0.01 lots across all entries. Trading live I would tend to ease my way in by starting off with 1-2 pairs and then based on DD look to start adding some strategically hedged and/or correlated (+ve or -ve) pairs to start offsetting floating DD. However, I think a little more than $250 is needed as you can see on the demo how close the account came to vanishing. Its a great exercise though and the best part...
yes indeed 9 pairs/0.03 lots (all orders no matter what) on a 250eur account....demo (and still havent found a way to withdraw...any assistance welcomed hahaha)

now another setup with 7 pairs is running as well with Q40 same setup as the other but this time it started with 208eurs (whats left from the m1 test after i fed up and stopped it) and 0.01lots/order...

lets see...


Quoting Masterrmind
{quote} Trading 9 pairs!? ......... in the naughty corner for you my friend ............
i still remember my finance professor at uni saying "high risks high returns..."

(and i almost remember my insurance one saying...high risk ... dont expect to get insured lol)
  • #1,678
  • Oct 2, 2016 6:33pm Oct 2, 2016 6:33pm
GBPUSD [M5; 40 - MN 111; CLS/PLS]

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Cycle commenced with Expert set to run a CLS cycle however, PLS may also be applied manually.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,679
  • Oct 2, 2016 6:46pm Oct 2, 2016 6:46pm
Quoting KGP
{quote} yes indeed 9 pairs/0.03 lots (all orders no matter what) on a 250eur account....demo (and still havent found a way to withdraw...any assistance welcomed hahaha) now another setup with 7 pairs is running as well with Q40 same setup as the other but this time it started with 208eurs (whats left from the m1 test after i fed up and stopped it) and 0.01lots/order... lets see... {quote} i still remember my finance professor at uni saying "high risks high returns..." (and i almost remember my insurance one saying...high risk ... dont expect to...
You are certainly jumping in at the deep end.

What you'll probably find out is that slightly fewer pairs are best traded on a small account since the DD will get you sooner or later unless you have carefully selected for example, 4 pairs in a hedged type configuration which can also be risky.

Imagine you are trading the following:

Long EURUSD
Long GBPUSD

and you have the choice to pick say 2 more pairs to trade.

1. Which pairs would you choose and in which direction would you set up the cycles?
2. What was your reasoning behind your choice in Question 1?

ps. not much insurance in this business ... its mostly up to the individual trader to manage all of the risk by themselves.

Masterrmind............
Master your Mind then Master your Trades
  • #1,680
  • Oct 2, 2016 7:02pm Oct 2, 2016 7:02pm
Quoting Masterrmind
{quote} AU Multiple shorts added with relatively small TPs. Masterrmind...........
AU - update

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Cycle has now been closed out manually.

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