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Q A M Trading Strategy

  • #1,801
  • Edited 8:18pm Oct 16, 2016 7:06pm | Edited 8:18pm
EA cycle started.

M5 Q40 manual

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Don't look down when learning to fly.
  • #1,802
  • Edited 8:19pm Oct 16, 2016 7:34pm | Edited 8:19pm
USD/CAD cycle also started.

M5 - Q40 - Manual

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Don't look down when learning to fly.
  • #1,803
  • Oct 16, 2016 11:43pm Oct 16, 2016 11:43pm
Hi Masterrmind,

In my view, USDJPY will be in trend-ranging mode for a few days.

What quantum values should I use for M30 TF EA trading if I were to engage in medium turnover of trades?

An brief explanation on the process done to arrive at the Qs will be very helpful. Thank you.
Practice makes a person perfect
  • #1,804
  • Oct 17, 2016 1:28am Oct 17, 2016 1:28am
Question for MM...

I noted the strong, quick recovery and read you used very aggressive MM.

My question being....have you thought of setting a separate account up and using the same MM? Gaining 40+% in a week would mean after two weeks with good compounding you'd have returned the initial investment and you could either withdraw the initial balance or keep going?
flipfloptrader forum
  • #1,805
  • Oct 17, 2016 5:18am Oct 17, 2016 5:18am
Quoting Platanero
USD/CAD cycle also started. M5 - Q40 - Manual {image}
Nice work Platanero.

How did that cycle work out for you?

Masterrmind...........
Master your Mind then Master your Trades
  • #1,806
  • Oct 17, 2016 5:21am Oct 17, 2016 5:21am
Quoting Masterrmind
{quote} Nice work Platanero. How did that cycle work out for you? Masterrmind...........
I just closed out USD/CAD cycle for a small profit. (And to give the other cycle more breathing room)

EUR/AUD still active.

The toughest part is staying awake for these when they don't turn a profit right away. Although they usually turn profitable in the same 24 hr period, the wait can be ... character building.
Don't look down when learning to fly.
  • #1,807
  • Oct 17, 2016 5:29am Oct 17, 2016 5:29am
Quoting simnz
Hi Masterrmind, In my view, USDJPY will be in trend-ranging mode for a few days. What quantum values should I use for M30 TF EA trading if I were to engage in medium turnover of trades? An brief explanation on the process done to arrive at the Qs will be very helpful. Thank you.
I would need to know an expected trading zone such as the 2 handles you wish to trade between.

With UJ that's fairly simple because what I'd look for is key support + resistance levels and make some allowance for nearby key handles.

What are your key handles that you wish to trade between?

Masterrmind..............
Master your Mind then Master your Trades
  • #1,808
  • Oct 17, 2016 5:50am Oct 17, 2016 5:50am
Quoting FlipFlopGC
Question for MM... I noted the strong, quick recovery and read you used very aggressive MM. My question being....have you thought of setting a separate account up and using the same MM? Gaining 40+% in a week would mean after two weeks with good compounding you'd have returned the initial investment and you could either withdraw the initial balance or keep going?
I personally set aside some profit gained from other trading activities to be used for higher risk trading strategies.

I could trade such an account here however, the reason I do not apply such techniques often is that it would be unfair to newer traders wanting to learn something in FX that might equate to a longer term consistent approach.

Large gains over such short time horizons are high risk and rather dangerous and would also attract much fan fare of which I'm not interested.
Because showing potentially very high gains can simply turn traders into gamblers and eventually to major losses.

I do not wish to promote gambling in FX trading even though many others attempt too.

Unfortunately, with the GBP flash crash it was necessary for me to apply some higher recovery type trades to being the account back to order.

Perhaps after this thread has run its course I might offer an entertainment type thread where I trade from a 10K account on an aggressive setup.

As far as this thread goes though I'm not wanting to promote the rapid gains due to the risk attached its just unfortunate about that sudden flash crash on GBP which has completely ruined an otherwise very good set of trading statistics.

ps. the good thing though is that others can see what can go wrong by unforeseen circumstances in the market and how I was able to restore it ...

pps. I wouldn't really want another trader to have to go though the same rebuilding process though.

Masterrmind............
Master your Mind then Master your Trades
  • #1,809
  • Oct 17, 2016 5:56am Oct 17, 2016 5:56am
Both cycles now closed with profit.
Don't look down when learning to fly.
  • #1,810
  • Oct 17, 2016 5:58am Oct 17, 2016 5:58am
Delays in my posts to this thread

I have been unable to post to my threads for most of the day.

In fact I was unable to navigate to my threads whilst signed in and so I was forced to read the threads whilst being signed out otherwise the link would simply not complete.

What I found out was that it must have been related to the cent account TE.

Because as soon as I deleted the TE (after the TE team forced it to private viewing only) I was able to post to my thread once again and navigate at will.

Very annoying to say the least and an odd reason for not being able to post but that's my conclusion.

So now it looks like there will be no TE attached to this QAM method until I grow it and I move it to a live ECN account (>800 000 USCents).

ps. Posting at least is back in order but does anyone get the impression that progressing this account has not been a smooth affair ... hahaha.

Masterrmind............
Master your Mind then Master your Trades
  • #1,811
  • Oct 17, 2016 6:00am Oct 17, 2016 6:00am
Quoting Masterrmind
{quote} I would need to know an expected trading zone such as the 2 handles you wish to trade between. With UJ that's fairly simple because what I'd look for is key support + resistance levels and make some allowance for nearby key handles. What are your key handles that you wish to trade between? Masterrmind..............
Between 100 and 107.50 range. I want to trade in M5 TF .
Practice makes a person perfect
  • #1,812
  • Oct 17, 2016 6:02am Oct 17, 2016 6:02am
Quoting Platanero
Both cycles now closed with profit.
Wonderful news .... well done to you.

Masterrmind............
Master your Mind then Master your Trades
  • #1,813
  • Oct 17, 2016 6:13am Oct 17, 2016 6:13am
Quoting Masterrmind
{quote} I personally set aside some profit gained from other trading activities to be used for higher risk trading strategies. I could trade such an account here however, the reason I do not apply such techniques often is that it would be unfair to newer traders wanting to learn something in FX that might equate to a longer term consistent approach. Large gains over such short time horizons are high risk and rather dangerous and would also attract much fan fare of which I'm not interested. Because showing potentially very high gains can simply turn...
I think these flash crashes will now onwards won't be considered an aberration. There is hardly any protest and the market makers will take it granted for acceptance of this practice as we have come to accept NZ flash crashes as a business hazard. We have to now plan for facing such situations by using reliable brokers, keeping enough balance and complain to regulators if stopout levels are not adhered to. On trading side, we have to emulate your recovery effort. Which means using big lots on pullback trades.

It becomes imperative now onward to take out profits regularly and just keep balance in the account enough to do trading. Risk management, trade planning and cash flow arrangement will be the key elements.

Judicious use of fx spot and fx options will also help.
Practice makes a person perfect
  • #1,814
  • Oct 17, 2016 6:14am Oct 17, 2016 6:14am
Quoting simnz
{quote} Between 100 and 107.50 range. I want to trade in M5 TF .
M5 TF on a 750 pip trading range .... hmmm.

A higher TF looks more appropriate to me.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,815
  • Oct 17, 2016 6:29am Oct 17, 2016 6:29am
Quoting simnz
{quote} I think these flash crashes will now onwards won't be considered an aberration. There is hardly any protest and the market makers will take it granted for acceptance of this practice as we have to come to accept NZ flash crashes as a business hazard. We have to now plan for facing such situations in terms of using reliable brokers, keeping enough balance and complain to regulators if stopout levels are not adhered to. On trading side, we have to emulate your recovery effort. Which means using big lots on pullback trades.
In situations as witnessed on the GBP flash crash I was hammered due to the choice of broker ... no question at all.

Everyone has seen the 2 broker charts I posted to this thread.

1 broker had only a downward spike starting close to the DO line.

The cent broker had a similar downward spike but also a 500 pip upper spike.

This triggered multiple pending 1 lot Buy Stops, gave them 100 pip negative slip on entry (ie a higher price) and then a 100 pip negative slip on closure all in the relaxed time span of ..... 1 second.

The loss is not the issue but rather the vastly different trading conditions from 1 broker to the next.

Yes it is a cent account, and yes it is supposed to be a live testing account for small deposits but who in their right mind would want to deal with this craziness.

The other point is that negative slippage on a regulated broker will still occur but perhaps not to such a great extent.

All we know is that a flash crash can and will take more of your money than what your SLs dictate thanks to negative slippage brought about by very poor fill levels.

Makes you think doesn't it .... such as when will the next flash crash strike?

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Very good point about taking out profit regularly.

Wait too long to withdraw and there may not be anything to withdraw ....

In QAM account I'm attempting to use plenty of the equity to cushion the DD and drive profit.
So if I withdraw often I lose this benefit.
If I don't withdraw often I may lose a big slice again.

Might have to increase risk to accelerate the growth and get this account into a nicer place ..... hmmm.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,816
  • Oct 17, 2016 6:35am Oct 17, 2016 6:35am
Quoting Masterrmind
{quote} M5 TF on a 750 pip trading range .... hmmm. A higher TF looks more appropriate to me. Masterrmind...........
OK then divide the 750 pips in two parts.
Lower part 100-450
Higher part 450-750
Practice makes a person perfect
  • #1,817
  • Oct 17, 2016 6:56am Oct 17, 2016 6:56am
Quoting simnz
{quote} OK then divide the 750 pips in two parts. Lower part 100-450 Higher part 450-750
Any reason you don't just use the [M5; 40] template?

Masterrmind...........
Master your Mind then Master your Trades
  • #1,818
  • Oct 17, 2016 8:25am Oct 17, 2016 8:25am
M5 40 is ok.
Practice makes a person perfect
  • #1,819
  • Oct 17, 2016 8:34am Oct 17, 2016 8:34am
Quoting simnz
M5 40 is ok.
If you use the M5 with a Q of 40 then what is it you are asking me to do?

Masterrmind..............
Master your Mind then Master your Trades
  • #1,820
  • Oct 17, 2016 9:19am Oct 17, 2016 9:19am
How do I calculate the profit and SL targets? And the size of lots?
Practice makes a person perfect
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