donīt follow me,you will loose your moneyy
- #104
- Mar 4, 2017 4:04am Mar 4, 2017 4:04am
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
donīt follow me,you will loose your moneyy
- #107
- Mar 4, 2017 7:08am Mar 4, 2017 7:08am
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
donīt follow me,you will loose your moneyy
- #109
- Mar 4, 2017 11:34am Mar 4, 2017 11:34am
- Joined Dec 2010 | Status: Never Stop Learning | 7,330 Posts
- #111
- Mar 4, 2017 2:19pm Mar 4, 2017 2:19pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,330 Posts
- #116
- Mar 5, 2017 3:02am Mar 5, 2017 3:02am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Yes OAPDave your comments always verry interesting! THX
Note: example above applies to a long cycle only but a short cycle would work in a similar way except from the top down.
How far have you gone in terms of testing this approach?
Have you looked into making mods to the EA to perform similar tasks that I've outlined in the screenshot above?
As you know the MML lines are difficult to backtest (in MT4 that is) due to the resetting of MML's once the extremes are breached by price/PA.
This suggests that either another far more advanced testing approach be developed and applied (eg. Python and Matlab .... C++ come to mind etc).
Have you dug into this type of analysis at all or do you simply choose a random Quantum depth entry value that is 'fitted' to the current chart and then you turn the Expert Advisor off once enough trades have been generated or you have reached a pre-determined risk level based on your trade details (such as risk per given trade summed over all trades in the Quantum Cycle.
At this stage I can see an approach developing both from a Quantum perspective and by simply trading the MML's by a purely manual approach.
I would tend to think that longer term or hard core manual traders with very good PA trading skills would simply reduce the 'complexity' and trade either a 1 trade at a time appraoch or as another trader commented on here to think about applying a type of martingale approach ay the extreme MML levels such as +1/8, -1/8, +2/8 and -2/8.
Understanding what action to take as a trader under an array of different PA at or near these MML levels is the critical knowledge needed.
Money management and trade management are also crucial but easy enough to apply.
I look forward to a much deeper discussion especially to what level you have gone applying the Quantum method.
Masterrmind ..........
Master your Mind then Master your Trades
- #118
- Mar 5, 2017 4:06am Mar 5, 2017 4:06am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Wow if we could get you interested this thread would go along way, I only trade manual, I know it obvious but if you start from a big picture you can then just break down the Octaves into smaller sub sets which then become Octaves in there own right on smaller timeframes {image} {image}
I'll be interested to hear what the thread Op has to say mainly from a testing/knowledge point of view of applying Quantum with MML.
The biggest issue with Quantum is the developing DD that is generated due to it either opening more and more entries at higher highs or more and more entries at lower lows.
This is fine until your available margin runs out and then you hit the wall hard.
So money management plays a very big role along with proper risk management.
Ofcourse these can have limits placed on them but if the trend continues the ultimate result is stop out.
The saving grace is a deep enough retracement to draw the Quantum cycle into net profitable territory.
So I can see why the thread Op is attempting to 'mate' Quantum with MML because of the reversal zones out in the +- 1/8 and +- 2/8 MML's.
The combination of Quantum with some of Ganns methods makes sense from a 'reversal of trend' point of view.
Given the 'very high probabilities being stated' for reversals from these outer MML zones.
At first glance it looks super promising for a Quantum Trader because they thrive on an initial trend that collects multiple entries followed by a nice pullback in PA that produces a net gain either per trade or at least net cycle.
My intention is certainly not to come into here and throw complexity into the mix.
Being a manual trader (also use EA's) it appears to be simpler to look for 1 to 2 trades per setup at these extremes and use PA entry techniques.
But I am keen on a discussion and an application of the 'method' since I also trade Quantum albeit from a different perspective.
Masterrmind...........
Master your Mind then Master your Trades
- #120
- Mar 5, 2017 4:26am Mar 5, 2017 4:26am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Welcome Mastermind!
Masterrmind............
Master your Mind then Master your Trades