Q A M Trading Strategy

End of week update



AJ currently has 8 shorts in progress
EA currently has 17 longs in progress
EA currently has 7 pending orders

Balance = 212 214.75 USC
Equity = 193 133.31 USC

Current floating DD = 8.99%

Masterrmind.........

When you think about it, what has already been done was the most difficult part. And you've shown not only stellar performance while doing it on a consistent basis but also the ability to survive what to many was a catastrophic unforeseen event with the GBP flash crash. Despite that, you've pretty much doubled the account. A very powerful statement has been made as it is already.

I am excited to see what the future holds for QAM!

Current Account Progress



Month by month gain (including the first day of November)


End of Month Balance


November 1 - made about a 10% gain on the day.

Account continues to track well so lets see how the growth develops through November.

My intention is to apply higher lot opportunistic trades on a shorter term but for higher gains.

Current floating DD is about 6%.

Masterrmind............

Account Equity now well above 100% gain.



Masterrmind............

Congratts - it looks like you found your way. I have been fallowing with interest.

Thanks for following along.

There is still much more to come and much further to go.

The path taken to the final goal however could prove to be very interesting considering the obstacles I've had to overcome just getting to this point.

Masterrmind.............

High Lot Short Term Entries



Going for faster gains in a shorter period of time and NOT trying to hit a home run.

Fast In Fast Out approach.

Note 1: Initially price pulled against me to the upside (only a handful of pips) but was rejected at the DO line at which point I let loose with a flurry of additional high lot shorts.

Note 2: The shorts opened close to the DO line were then closed out for profit at the mid-S level.

Note 3: Taking early profit provided immediate buffer capital to the account and reduced overall exposure.

Note 4: The earlier high lot entries were then allowed to continue and were then closed out after a nice move down on an M5 candle.

Note 5: Fundamental factors and AUD data also applied in this short term setup.

Note 6: If price had of continued to head up higher and against me then quick closures of several trades would have been necessary.

Masterrmind...........

Asian session

AUDUSD [M5; 40 - MN 403; PLS]




Current floating DD close to 4%.
Unlikely to have the latter PLS trades triggered on an M5 TF so the focus is on generating small additional profit in consideration of the current floating DD level.

Setup and ready to go.

Note 1: 5 pending orders have been placed on the EA pair above current price.
Note 2: High lot short term entries may be applied at opportune times throughout the trading day.

Masterrmind...........

AU



1 long cycle completed.

Short cycle now in progress.

ps. TE applied once again without issue this time but lets see how long that lasts.

Masterrmind............

AU - update

5 higher lot shorts applied.

Masterrmind.............

AJ - update

Several higher lot shorts applied.

Masterrmind.............

AJ - update

Several higher lot shorts closed out near the DO line all in profit.

Masterrmind............

AU - update



Several more higher lot shorts added.

Note 1: well aware price could test daily resistance level @ 0.76850 level.

Note 2: well aware of the current floating DD.

Masterrmind............

AU - update

Multiple higher lot shorts all closed out for profit.

ps. Fast In Fast Out approach.

Masterrmind............

Account status of QAM-1K-live



The TE has again been set to "Me Only" due to it being a cent account ... by TE admin not myself.
So unfortunately I will simply just need to hurry this account to 10 grand and then transfer it to an ECN type account.

Onward and upward I shall go!

Masterrmind............

A little over 4% gain so far today.

I'll take a short few hours break from trading and then restart nice and fresh for the London and possibly NY sessions.

Its time to carve a path to the moon on this account.

Masterrmind............

this's ea trading?

Not entirely.

The Expert (several) is used to open and also close trades when price action behaves in an almost simple harmonic motion.

However, it is the trader's responsibility to monitor, manage and adjust settings as required on the fly.

This is not a set and forget trading method ... far from it in fact.

A discretionary approach by an alert trader will go along way to making this strategy both successful and profitable.

A constant focus on account balance and current floating DD is a key consideration when it comes to risk management.

When PA runs as expected it is simply a case of watching cycles of trades open and then close for profit by the EA.
When things do not run smoothly it requires timely input from an alert and knowledgeable trader.

This is why I suggest all interested traders to dedicate their time to first learning the strategy from the beginning by reading the thread many times over and then progressing to a small cent type account and then onto a standard ECN type account in very much a similar manner that I have shown throughout my 2 threads.

Questions are always encouraged and welcomed so feel free to ask away as I am very approachable provided I have the feeling that a trader has put in at least some effort.

The QAM Strategy is therefore a combination of Experts, scripts, MM tools, informative indicators, FX awareness, news awareness plus multiple other market factors and a trader who knows what settings to adjust and when to adjust them to both gain profit and to minimize loss.

Note 1: once you read through the thread and you get to see how I have traded both the 1st account then transferred the balance to the current cent account to gain from the balance to minimal lot size ratio you will soon discover that there are many obstacles along the way that need to be overcome. Some of these obstacles are outside a traders control and can therefore lead to large losses as in a brexit crash or the recent GBP flash crash. However, a stronger trader will pick him/herself off the the ground, wipe off the dust and continue forward undeterred from the ultimate goal.

Note 2: once this cent account reaches about US$10 000 then it will be transferred to a standard type ECN account and traded to US$1 000 000.

Note 3: note 2 assumes the account actually progresses at each stage but realistically nothing can be guaranteed in the FX business.

Note 4: you can be certain however, that I will use every skill I have as a trader to hit the ultimate goal by using a transparent approach.

Good trading,

Masterrmind.............

AJ

Several high lot shorts in progress.

Masterrmind............

AJ - update

High number of high lot entries now in progress on the QAM-1K-live trading account.

Extreme short bias on this pair.
PA is now showing a breakdown to the downside but lets see how this continues.


Note 1: From an exposure point of view I would be looking to hedge the positions if the MT4 exposure chart reached 25% on the exposure pie chart.

Note 2: This has not come close so no immediate action was warranted.

Masterrmind.............