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Q A M Trading Strategy

  • #1,681
  • Oct 2, 2016 7:09pm Oct 2, 2016 7:09pm
Quoting Masterrmind
{quote} 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...

well right now none of the ones mentioned... i dont want to choose amongs the worst looking ones which one looks better... (is like choosing for a girlfriend.. )

i am testing the limits of the strategy + also want to see what goes on with each pair (all in demo of course) thats why i am leaving them on 22/5 even when red flag news are in place...

to be honest the 250Q M5 is much "safer" than the other one... but as mentioned i want to test the waters....
  • #1,682
  • Oct 2, 2016 7:43pm Oct 2, 2016 7:43pm
Quoting KGP
{quote} well right now none of the ones mentioned... i dont want to choose amongs the worst looking ones which one looks better... (is like choosing for a girlfriend.. ) i am testing the limits of the strategy + also want to see what goes on with each pair (all in demo of course) thats why i am leaving them on 22/5 even when red flag news are in place... to be honest the 250Q M5 is much "safer" than the other one... but as mentioned i want to test the waters....
The idea of choosing pairs (not necessarily related to trading today at all) is to see if you could hedge them correctly.

In time when a large DD situation occurs (and it will) you will have found this exercise very useful.

Otherwise you'll be caught in a bad situation one day and not know what to do ... except hope and close out multiple losers.
Do you have a plan for when DD really starts to escalate or will you look into that after you've completed preliminary test cycles on multiple pairs?

The other point about choice of Quantum is that there is no single all time best pick for a value.

One Q choice on a given pair will work perfectly but only over a set data field.
As soon as the price action of the pair changes and the trading ranges change then another updated Q value is usually needed but it also depends on the Q exit level and if the cycle will close out in net profit.

This is why I start trading cycles with generalized 'best fit' Quantum values but I dynamically modify them as trading progresses as demonstrated throughout the thread on the M5 TF (but Q modifications will also occur for all other TFs in a similar manner except in some cases on very high TFs due mainly to the very large pip distances between QDE and QDC levels).

Timely input from an alert trader makes all the difference in QAM and it was never my intention to have a set and forget type of approach.

I wish you well on your testing phase.

ps. Q=250 might work well most of the time but so too can Q=150 through to 350.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,683
  • Oct 2, 2016 8:01pm Oct 2, 2016 8:01pm
Quoting Masterrmind
GBPUSD [M5; 40 - MN 111; CLS/PLS] {image} Cycle commenced with Expert set to run a CLS cycle however, PLS may also be applied manually. Masterrmind...........
GU - update

Very slow moving at present and not entirely unexpected being the first trading day of a new month.

I'll be looking to trade this pair into the London session and possibly beyond but this will also depend on PA.

Q now modified to 100 to keep the HH-LL gap from closing up too much.
Q may also be modified again once trades commence.

Masterrmind............
Master your Mind then Master your Trades
  • #1,684
  • Oct 3, 2016 2:17am Oct 3, 2016 2:17am
Quoting Masterrmind
{quote} GU - update Very slow moving at present and not entirely unexpected being the first trading day of a new month. I'll be looking to trade this pair into the London session and possibly beyond but this will also depend on PA. Q now modified to 100 to keep the HH-LL gap from closing up too much. Q may also be modified again once trades commence. Masterrmind............
GU - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB


Into the cycle we go!

Masterrmind..........
Master your Mind then Master your Trades
  • #1,685
  • Oct 3, 2016 3:24am Oct 3, 2016 3:24am
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
Hey lapras, Masterrmind has high integrity, and I can vouch for him - What you see is what you get.
We err, and err, and err again, but less.
  • #1,686
  • Oct 3, 2016 12:19pm Oct 3, 2016 12:19pm
Quoting dweb
{quote} Hey lapras, Masterrmind has high integrity, and I can vouch for him - What you see is what you get.
Ok, nice to hear that.
regards
  • #1,687
  • Oct 3, 2016 8:05pm Oct 3, 2016 8:05pm
Quoting Masterrmind
{quote} GU - update {image} Into the cycle we go! Masterrmind..........
GU - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB


Expert was removed late in yesterdays session.

Manual approach taken however the Expert may also be re-applied.

Current floating DD over all 3 pairs is 2.35%.

Note: I will be looking to add a long AJ cycle .... why?

Masterrmind............
Master your Mind then Master your Trades
  • #1,688
  • Oct 3, 2016 9:38pm Oct 3, 2016 9:38pm
Quoting Masterrmind
{quote} EURJPY [M1; 300 - MN 508; PLS] {image} Range lots .... [0.2 through 10] Note well: If no trades have opened within the 1st hour of London Session then I may cease the cycle (ie by GMT 8). Masterrmind...........
EJ - completed.

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


Finally closed out this cycle.

Combination of different lot sizes.

Profit generated from higher lot opportunistic trades affords me the luxury of running the original entries though to completion.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,689
  • Oct 3, 2016 9:54pm Oct 3, 2016 9:54pm
Now only EA (9) + GU (10) trades are currently running at close to 2% DD.

Will be looking to open a PLS cycle from an hour or so prior to FF Opening.

Masterrmind.........
Master your Mind then Master your Trades
  • #1,690
  • Oct 4, 2016 1:18am Oct 4, 2016 1:18am
GU [M1; PLS]

Cycle started awaiting trades.

Masterrmind............
Master your Mind then Master your Trades
  • #1,691
  • Oct 4, 2016 7:56am Oct 4, 2016 7:56am
Quoting Masterrmind
GU [M1; PLS] Cycle started awaiting trades. Masterrmind............
GU - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB


Various Q modifications along the way.

Everyone should be getting this concept by now.

Masterrmind............
Master your Mind then Master your Trades
  • #1,692
  • Oct 4, 2016 6:04pm Oct 4, 2016 6:04pm
Quoting Masterrmind
{quote} GU - update {image} Various Q modifications along the way. Everyone should be getting this concept by now. Masterrmind............
EA - update on longer term setup

Attached Image (click to enlarge)
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7 Buy Stop orders are yet to be triggered comprising increasing lot sizing in the direction of TP.

GU - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Overall trades in the cycle cover a 200 pip range presently.

Masterrmind..............
Master your Mind then Master your Trades
  • #1,693
  • Oct 4, 2016 8:18pm Oct 4, 2016 8:18pm
AJ

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


Short cycle in action.

Masterrmind............
Master your Mind then Master your Trades
  • #1,694
  • Oct 5, 2016 1:09am Oct 5, 2016 1:09am
Quoting Masterrmind
{quote} EA - update on longer term setup {image} 7 Buy Stop orders are yet to be triggered comprising increasing lot sizing in the direction of TP. GU - update {image} Overall trades in the cycle cover a 200 pip range presently. Masterrmind..............
Mastermind,
Thank you for defining the trading process in simple terms.

I have not used EA before and now I can see EA will be a good executive assistant to execute trades when it is coded.

Your chart shows the EU longer term setup and you have used Fibos to mark up Long loadup zone.

Similarly you have shown 200 pip trading channel.

Planned EA might have the ability to execute the trades only in the targetted fibo zone, select pip trading channel for trading, execute trades only after the candles have closed with certain pip size or only after attaining certain pip size in a particular time only...etc. etc.

Can you please write a plan on how and when to use EA, what to log for reference, and at/from which stage manual intervention will be needed?

The tricky part is changing of Q levels. If you think still it is in a testing stage , then will have to wait for the stage to finish.

Some kind of a Trading testing action plan (using EA and manually) for QAM for who have already read earlier posts. A brief Laboratory manual basically.
Focus on EA doing the trading process, manual management for drawdown control. Planning process has already been covered well.

Thank you.
Practice makes a person perfect
  • #1,695
  • Oct 5, 2016 2:05am Oct 5, 2016 2:05am
Quoting simnz
{quote} Mastermind, Thank you for defining the trading process in simple terms. I have not used EA before and now I can see EA will be a good executive assistant to execute trades when it is coded. Your chart shows the EU longer term setup and you have used Fibos to mark up Long loadup zone. Similarly you have shown 200 pip trading channel. Planned EA might have the ability to execute the trades only in the targetted fibo zone, select pip trading channel for trading, execute trades only after the candles have closed with certain pip size or only...
Hi simnz,

Thanks for the post its filled with many useful questions.

QAM threads have been populated with several concepts and trading techniques all of which are useful and relevant.

Some of the earlier methodologies might tend to be more relevant to a standard type of account or an account that is underfunded from an account balance to minimal lot size perspective.

The greater the ratio the more the flexibility and the fewer of the original concepts need to be strictly applied however, they still do need to be considered.

A key point to make is that traders need to make timely changes as soon as they notice the market is changing whether its trading ranges or any other market factors.

You will find some examples throughout the thread where I make reference to Q modification.

An important concept is the ability to monitor the trending indicator lines for a given Quantum value and ensure that these Q exit values are updated in a timely manner such that cycles of trades are 'forced' to be positive and not prematurely closed at an initial Quantum value that will result in multiple losing trades in that particular cycle.

To understand Q modification you really need to spend some time watching a cycle of trades unfold on any chart of your choice and monitor the activity on say an M5 chart with a Q setting of 40 and just let the Expert trade this through to completion.

If trades were closed in loss you will soon see why .... the initial Q exit value (Quantum = 40 in this case) caused some of the trades to close with loss.

Monitoring open positions is important but once you know how the trending lines for HH and LL change over time based on PA and chart structure then you can adjust Q to a value that can guarantee not to close out the cycle prematurely.

Since this account is a cent account and I have never traded such a small account before there is some element of uncharted waters at play.

You can think of this live running test as a reverse engineered approach which will produce a trading plan at the end NOT at the start.

Might sound slightly unorthodox but its really ... it simply means that over the course of this live running test many factors that prove to be important can be noted for future reference and those that are less important can be noted as such.

The initial concepts outlined though should be studied because they have worked over many other different trading strategies especially risk management.

Once I have this current account in a large DD situation then I can start implementing hedging and recovery techniques so they can be seen at the time, live in the market not purely as theory only.

Note: plenty more to be outlined in the QAM Strategy.

Masterrmind............
Master your Mind then Master your Trades
  • #1,696
  • Oct 5, 2016 2:07am Oct 5, 2016 2:07am
Quoting Masterrmind
AJ {image} Short cycle in action. Masterrmind............
AJ - closed out manually.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB


Cycle closed out.

All winners.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,697
  • Oct 5, 2016 2:45am Oct 5, 2016 2:45am
London session cycle

EJ [M1; PLS]

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


Cycle commenced in the London session.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,698
  • Oct 5, 2016 2:55am Oct 5, 2016 2:55am
Quoting Masterrmind
London session cycle EJ [M1; PLS] {image} Cycle commenced in the London session. Masterrmind...........
EJ

Notice if you had of started a cycle pre-FF Open you would have had 7 fairly clean short winners.

Masterrmind............
Master your Mind then Master your Trades
  • #1,699
  • Oct 5, 2016 4:36am Oct 5, 2016 4:36am
Quoting Masterrmind
{quote} EJ Notice if you had of started a cycle pre-FF Open you would have had 7 fairly clean short winners. Masterrmind............
EJ - closed out manually

All winners.

Masterrmind............
Master your Mind then Master your Trades
  • #1,700
  • Oct 5, 2016 7:21pm Oct 5, 2016 7:21pm
EJ [M5; PLS]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Note: Q will be modified to a higher value very soon after a few trades have been produced including some manual entries.

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