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Q A M Trading Strategy

  • #1,741
  • Oct 10, 2016 4:41pm Oct 10, 2016 4:41pm
I'm looking for a pair to trade tonight for the Asian session. Not sure which, maybe EU. What do you think?
Don't look down when learning to fly.
  • #1,742
  • Oct 10, 2016 4:53pm Oct 10, 2016 4:53pm
Quoting Platanero
I'm looking for a pair to trade tonight for the Asian session. Not sure which, maybe EU. What do you think?
Provided you are trading an ECN account with very low spread then I'd suggest having a look at EURCHF, EURGBP or EURUSD.

Masterrmind............
Master your Mind then Master your Trades
  • #1,743
  • Oct 10, 2016 4:55pm Oct 10, 2016 4:55pm
Quoting Masterrmind
{quote} Provided you are trading an ECN account with very low spread then I'd suggest having a look at EURCHF, EURGBP or EURUSD. Masterrmind............
Thank you

EUR/GBP Cycle started. - Manual - M5 Q40 to start. Will adjust as needed.
Don't look down when learning to fly.
  • #1,744
  • Oct 10, 2016 11:13pm Oct 10, 2016 11:13pm
Quoting Masterrmind
{quote} My pleasure but remember that an informed and alert trader is a necessary requirement to successfully trade this method or any method. Calculations for all possible account sizes is via a comprehensively designed Excel sheet which will not be provided here. However, examples of lot sequencing may be provided for a few different account sizes. The lot sequencing provided to you comprised low, medium and high risk for a general case only. I was never told what account size you would be trading and therefore provided only a lot sequence on...
Hi Masterrmind,
How to handle News Events?
Should I liquidate the trades before the news event?
Or don't enter the cycle involving news event?
Practice makes a person perfect
  • #1,745
  • Oct 11, 2016 4:42am Oct 11, 2016 4:42am
Quoting simnz
{quote} Hi Masterrmind, How to handle News Events? Should I liquidate the trades before the news event? Or don't enter the cycle involving news event?
If profit has been made during the trading day then you may wish to not trade during the news.

If you do trade it think about overall risk which might mean limited entries at greatly reduced lot sizing.

If you've made for example, 5% growth for the day then think about limiting total risk to 2.5% at the most so that you give yourself a chance to increase growth further but if the cycle runs bad and loses you are still up about 2.5% on the day.

Sometimes trading impact news during the Asian session is the boost that a cycle needs to develop several quick entries and I personally trade these quite often on other accounts but its up to you.

If a trader is new to cycle trading then I'd suggest skipping this practice for several months.

Remember that the idea should always be to preserve the initial balance as much as possible and carefully increase buffer profit.

The greater the buffer profit the more of an excuse you might have to turn up the risk ever so slightly and trade higher risk cycles.

Be sure that you know exactly what the risk on a cycle is at all times especially if the stops get hit.

If trades are currently negative try to eliminate them within the last 30 minutes prior to news coming out.
A lot depends on the price action too and also if the market is flat leading up to news which can be a huge move once big data comes out.

Since you are fairly knew to this type of trading I would say not to trade an hour each side until you get more experience.
Although you are using a demo account it makes better sense to me to trade it as if it was your own hard earned $$$.
The other side of me suggests that testing out different approached and observing what happens is good for the learning curve.

But I'd stay clear of it initially and maybe after 1 month then give a couple of news events a go.

You'll either develop very high DD rather quickly and then a nice lot of profit.
Or the trend will open up so many trades with price continuing to race away that you'll be in trouble wishing you had not traded it.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,746
  • Edited 4:54am Oct 11, 2016 4:43am | Edited 4:54am
Masterrmind,

Perhaps this was answered previously and I missed it. But I do have one question that I would appreciate your thoughts with.

Currently the way the system works is by opening market orders in the new bar after a quantum box appeared. This continues until the price reverses and begins to turn all of those previous market orders into profitable trades, then at some point these are all closed in profit. Youve already shown this works despite unforeseen market turmoil and broker shortcomings. The downside is the draw down which forces the need for small trades to handle the draw down.

My question is this: What if we wait for the quantum box to appear but instead of opening a market order, we wait for the price to go past the newly created quantum box a bit and once it is far enough away we simply place a pending order there instead. That way when the price eventually does reverse it will pick up the pending order(s) at each quantum box on its way back into profits rather than earlier. Does that make sense?

In my thoughts, what I describe above should be no different than what we are doing now with QAM but may provide a way to sidestep a lot of the draw down.

Anyway, thank you for your thoughts on this.
Don't look down when learning to fly.
  • #1,747
  • Oct 11, 2016 4:53am Oct 11, 2016 4:53am
The FX-TM cent account is still being traded at least until the EA + EJ cycles are closed out.

Once the EA + EJ cycles complete the account will be terminated and the balance transferred to another brokerage.

The TE has been disabled as I will not be using this account again current cycles complete.

I think I've mentioned many times about the poor spread and then this flash crash with the upward 500 pip spike and downward 700 pip spike just too much to accept.

These are not the trading conditions to use to get an account growing.

So to keep things short I will be searching for an alternative broker.

Once a suitable broker is located then a new TE will be applied and the journey can once again continue.

ps. until that happens I'll keep responding here but would like to wish every trader the greatest of success.

Masterrmind............
Master your Mind then Master your Trades
  • #1,748
  • Oct 11, 2016 5:03am Oct 11, 2016 5:03am
Quoting Platanero
Masterrmind, Perhaps this was answered previously and I missed it. But I do have one question that I would appreciate your thoughts with. Currently the way the system works is by opening market orders in the new bar after a quantum box appeared. This continues until the price reverses and begins to turn all of those previous market orders into profitable trades, then at some point these are all closed in profit. Youve already shown this works despite unforeseen market turmoil and broker shortcomings. The downside is the draw down which forces the...
Hi Platanero,

It makes perfect sense because I have mentioned this in the threads several times although its probably buried in previous posts hard to find.

Applying pending orders in such a way is a good approach, no problem with it however, be aware that at these pending levels they could be at turning points themselves and instead of price continuing on to TP instead they continue off with the original trend.

It probably doesn't matter if this turning point entry occurs in the grand scheme of the cycle because at market orders would already have the trade in DD in any case.

But yes please apply pending orders after Q boxes have been printed out.

You can also apply the pending orders once price has for example hit a key resistance level and then popped say 10 pips above it and then what you would do is place the pending sell stop say 5 pips below the resistance level looking for a continued downtrend.

Initially the DD will be reduced but only for as long as price action complies.

Think about a turning point at the level the pending order is triggered it could and it does often lead straight into DD.

I would recommend using pending orders in any case because I believe its thinking about reducing the likely impact of DD and that's a good thing.

Masterrmind............
Master your Mind then Master your Trades
  • #1,749
  • Oct 11, 2016 5:07am Oct 11, 2016 5:07am
Quoting Masterrmind
{quote} Hi Platanero, It makes perfect sense because I have mentioned this in the threads several times although its probably buried in previous posts hard to find. Applying pending orders in such a way is a good approach, no problem with it however, be aware that at these pending levels they could be at turning points themselves and instead of price continuing on to TP instead they continue off with the original trend. It probably doesn't matter if this turning point entry occurs in the grand scheme of the cycle because at market orders would already...
Thank you, Sir. Much appreciated.

-
Don't look down when learning to fly.
  • #1,750
  • Oct 11, 2016 5:12am Oct 11, 2016 5:12am
Quoting Platanero
{quote} Thank you, Sir. Much appreciated. -
If you take a look back though the thread you will certainly find explanations about the use of pending orders.

Either placed below key resistance levels or placed just above support levels.

In this sense you would be trading with the ensuring trend.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,751
  • Oct 11, 2016 9:04am Oct 11, 2016 9:04am
FX-TM account update

I have now fully recovered the QAM account to its pre GBP flash crash balance plus some extra by shorting the EJ pair.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


TE and myfxbook available.

I may continue trading this account through to the end of October or until an alternative broker is sourced even though its not preferred.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,752
  • Oct 11, 2016 10:02am Oct 11, 2016 10:02am
Mastermind!

Can you please attach working Quantum EA... Thanking you in advance!


Regards
AH
Markets are Irrational
  • #1,753
  • Oct 11, 2016 10:15am Oct 11, 2016 10:15am
Quoting ArslanHyder
Mastermind! Can you please attach working Quantum EA... Thanking you in advance! Regards AH
Post 917

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

Masterrmind.............
Master your Mind then Master your Trades
  • #1,754
  • Oct 11, 2016 10:22am Oct 11, 2016 10:22am
Quoting Masterrmind
{quote} Post 917 http://www.forexfactory.com/showthre...79#post8889979 Masterrmind.............
Thanks alot Mastermind for your help man..
Markets are Irrational
  • #1,755
  • Oct 11, 2016 4:14pm Oct 11, 2016 4:14pm
Quoting Masterrmind
FX-TM account update I have now fully recovered the QAM account to its pre GBP flash crash balance plus some extra ... Masterrmind...........

That is fantastic news!

Bravo!!!
Don't look down when learning to fly.
  • #1,756
  • Oct 11, 2016 4:58pm Oct 11, 2016 4:58pm
Quoting Platanero
{quote} That is fantastic news! Bravo!!!
Thanks Platanero.

Recovery strategy was rather aggressive, focused and disciplined but certainly not without risk.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP_Flash Crash+Recovery.png Size: 104 KB


The purpose was to short only the EJ pair however, the PA took the levels into very uncomfortable highs before turning down nicely.

I still think its very nasty to have been put into this situation in the first place with so much growth removed from the account.

Anyway the account is back in order in terms of balance only.
But the trading statistics have been tarnished with unacceptable DD levels and recorded losses from mainly that nasty GU spike.

I might as well keep trading this account now but I will be constantly searching for an alternative broker.

Onward and upward in terms of the account balance even though the equity curve has taken a hiding in its progress over recent time.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,757
  • Oct 11, 2016 5:10pm Oct 11, 2016 5:10pm
Tokyo Open

The session has just started so lets find a pair or pairs to trade.

Masterrmind............
Master your Mind then Master your Trades
  • #1,758
  • Oct 11, 2016 5:34pm Oct 11, 2016 5:34pm
AUDJPY [M5; 40 - MN 301; PLS]

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


PLS Lot Range [0.2 to 1.0 lots]

Expert + manual trades.

5 manual shorts @ 0.2 lots a piece just to get the cycle started.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,759
  • Oct 11, 2016 5:47pm Oct 11, 2016 5:47pm
Main goal for the rest of this month is to hit the 100% growth milestone.

Lets see!

Masterrmind............
Master your Mind then Master your Trades
  • #1,760
  • Oct 11, 2016 5:52pm Oct 11, 2016 5:52pm
USDJPY [M5; 40 - MN 313; PLS]

Cycle commenced.

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