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Murrey Math and Quantum Method

  • #381
  • Mar 9, 2017 12:43pm Mar 9, 2017 12:43pm
Quoting Genry_05
{quote} Yes, these ideas are gradually embodied in the adviser. Currently, the PivotEnvelopes indicator is developed and built-in. I think the time will come and the Murray levels. In my own version of the Expert Advisor, several more levels are used. If these levels include everything at once, then they allow the expert to work in a volume of 0.2-0.5 on the account to $ 1000. But transactions for the year 20-40 total profit of 2000-4000 $ on the initial $ 1000.
Hi Genry_05

Is there any way to decrease de distance between the levels by changing the parameters of the Expert Advidor?
I have realized in my demo account that the DD of this expert is too high for a micro account of 1.000€.

Thanks,
Regards
  • #382
  • Mar 9, 2017 7:09pm Mar 9, 2017 7:09pm
Quoting Masterrmind
Long on GU Off the -1/8 level. Only after a few pips then I need rest. Masterrmind.............
GU

+1.9 pips

Closed out very early due to the need to rest.

Plenty more in it if left longer b ut not an option last night.

Masterrmind..........
Master your Mind then Master your Trades
  • #383
  • Mar 9, 2017 7:17pm Mar 9, 2017 7:17pm
WATCH LIST M15 [MML 64 @ H4]

EJ
GN
GU
UCad
Silver

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB


Masterrmind............
Master your Mind then Master your Trades
  • #384
  • Mar 9, 2017 7:25pm Mar 9, 2017 7:25pm
Quoting Masterrmind
WATCH LIST M15 [MML 64 @ H4] EJ GN GU UCad Silver {image} Masterrmind............
GN

Now short

Masterrmind...........
Master your Mind then Master your Trades
  • #385
  • Mar 9, 2017 8:03pm Mar 9, 2017 8:03pm
Quoting Masterrmind
{quote} GN Now short Masterrmind...........
GN

+7.7 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


Masterrmind............
Master your Mind then Master your Trades
  • #386
  • Mar 9, 2017 8:18pm Mar 9, 2017 8:18pm
GU

Buy Limit order placed at 1.21500

Chasing a better entry price for a long closer to the -1/8 MML.

Masterrmind.........
Master your Mind then Master your Trades
  • #387
  • Mar 9, 2017 9:05pm Mar 9, 2017 9:05pm
GN

Took a long entry (bounce up) from the 8/8 MML looking to TP nearer to the DO line or +1/8 MML.

But the spread on this account is killing the entry good and proper (average over 6 pip spread).

Masterrmind............
Master your Mind then Master your Trades
  • #388
  • Mar 9, 2017 11:40pm Mar 9, 2017 11:40pm
Quoting Masterrmind
GN Took a long entry (bounce up) from the 8/8 MML looking to TP nearer to the DO line or +1/8 MML. But the spread on this account is killing the entry good and proper (average over 6 pip spread). Masterrmind............
New broker?

Do you draw your own S/R lines or is that an indi?
I'm enjoying your posts. I can't trade whilst on work days due to long hours, so enjoying your posts to follow your trades and see your thought process going into trades. Helps me massively out and I'm sure others too.
  • #389
  • Mar 9, 2017 11:54pm Mar 9, 2017 11:54pm
Quoting johnsmith2nd
{quote} New broker? Do you draw your own S/R lines or is that an indi? I'm enjoying your posts. I can't trade whilst on work days due to long hours, so enjoying your posts to follow your trades and see your thought process going into trades. Helps me massively out and I'm sure others too.
Thanks for the compliments.

If you are referring to the thick horizontal white line this is simply a plot of the Daily Open (DO line).

The DO line is a typical bounce zone in any session but perhaps more so in the Asian session.

You will find that on some trades I will close out at the DO line, seek to protect the trade by reducing the SL or wait for price to move away and then nail an entry either long or short.

A lot has to do with the instrument being traded, the proximity to major market opens and the all important PA.

ps. The spread is too high on a number of pairs on this broker but its a demo account so I'm not too worried. On a live account seek low spread ECN.

pps. However, when trading ranges are super low like in the Asian session you need to realise what impact a high spread has on your trade both from an entry technique point of view and certainly profit (if it was real).

ppps. Look at the GN short earlier today now look at the entry level ... if it was EU deduct about 6 pips making the entry higher up the chart ... big difference.

Masterrmind............
Master your Mind then Master your Trades
  • #390
  • Edited 12:13am Mar 10, 2017 12:02am | Edited 12:13am
Cheers Mastermind.

For those interested, there's some analysis posted at fx street on MML on various currency pairs. I note that they use Supertrend to further indicate movement in the Murrey interval areas. Seems to provide some decent forecasting into confirming trend.

https://www.fxstreet.com/analysis/mu...f-201703091114

More articles (click on Murrey Math ones): https://www.fxstreet.com/author/roboforex
  • #391
  • Mar 10, 2017 1:48am Mar 10, 2017 1:48am
Quoting Masterrmind
GN Took a long entry (bounce up) from the 8/8 MML looking to TP nearer to the DO line or +1/8 MML. But the spread on this account is killing the entry good and proper (average over 6 pip spread). Masterrmind............
GN

+5.5 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


Trade struggling to push higher ... given plenty of time too.

LO about to kick off so took a little profit, will re-align with LO PA and seek a new entry later.

Masterrmind............
Master your Mind then Master your Trades
  • #392
  • Mar 10, 2017 1:55am Mar 10, 2017 1:55am
Quoting Masterrmind
GU Buy Limit order placed at 1.21500 Chasing a better entry price for a long closer to the -1/8 MML. Masterrmind.........
GU

Pending Buy Limit order cancelled.

Wait until London gets a chance to show its direction.

Masterrmind...........
Master your Mind then Master your Trades
  • #393
  • Mar 10, 2017 3:06am Mar 10, 2017 3:06am
Murrey says he can predict turning points to within 4 days, so does this give us another way to scalp of Daily charts, perhaps the use of Daily range expectation might help with this
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY D1 (03-10-2017 0901).png Size: 83 KB
Click to Enlarge Name: GBPUSD D1 (03-10-2017 0901).png Size: 81 KB
  • #394
  • Mar 10, 2017 4:44am Mar 10, 2017 4:44am
I keep getting the 'order send error 138 and 148' with the EA. Anybody know the issue?
  • #395
  • Mar 10, 2017 4:54am Mar 10, 2017 4:54am
Quoting bgntrs
I keep getting the 'order send error 138 and 148' with the EA. Anybody know the issue?
For MT4

Runtime errors as follows:

#138 - Requote

#148 - The amount of open and pending orders has reached the limit set by the broker

Masterrmind............
Master your Mind then Master your Trades
  • #396
  • Mar 10, 2017 5:05am Mar 10, 2017 5:05am
Quoting Masterrmind
{quote} For MT4 Runtime errors as follows: #138 - Requote #148 - The amount of open and pending orders has reached the limit set by the broker Masterrmind............
Ah man! Thanks dude
  • #397
  • Mar 10, 2017 5:12am Mar 10, 2017 5:12am
EJ

Observation only at this stage.

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


Masterrmind...........
Master your Mind then Master your Trades
  • #398
  • Mar 10, 2017 5:21am Mar 10, 2017 5:21am
Hi xard777, could not help noticing you have popped in to see what we are up to with MurreyMaths, when I met Mr Murrey he had a Real-Time version under Beta Test but admitted he was having problems with bugs etc and to my knowledge it was never released, I spotted when I was researching, your version that as served me well, thank you, but noticed you had a crack at producing the Circles of Conflict, Speed and Time lines etc how did that end up because I think MT4 did an update and stopped it working, have you any plans to have another crack at , I do hope so
  • #399
  • Mar 10, 2017 5:43am Mar 10, 2017 5:43am
There are many kinds of methods and strategies that are needed to learn in Forex Trading. You need to learn it to survive in Forex.
  • #400
  • Mar 11, 2017 1:35am Mar 11, 2017 1:35am
I can see after 2 weeks that MML set 128-H4 very risky,and no good reverse point.
Next week I use only 1440 DAILY settings, and moore filter Quantum Stochtastic OB-OS
Attached File(s)
File Type: ex4 Quantum - Stochastic OB_OS.ex4   11 KB | 417 downloads
File Type: mq4 Quantum - Stochastic OB_OS.mq4   3 KB | 460 downloads
Find it The Best Entry Points
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