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Quad Candle System

  • #401
  • Jun 20, 2017 3:42am Jun 20, 2017 3:42am
Quoting OAPDave
{quote} Must just add, that I started to trade it with mixed success when I got it up and running, but Mt4 had the intra day versions we are now using, so I was getting distracted between intra day charts and EOD charts and although was making green pips never new if I was trading in the correct manner, its always harder to trade another guys method than you own, that's why after all this time I think the guys that are interested in trading the Murrey way are very lucky to have this thread run by Mastermind, I think he as answered every question...
You are too kind OAPDave.

We can learn something from eachother.

Like-minded traders tend to do well together.

Masterrmind.............
Master your Mind then Master your Trades
  • #402
  • Jun 20, 2017 3:51am Jun 20, 2017 3:51am
One last post whilst I am on my soapbox, the best simple and stupid thing I did to help my trading was WHEN I have had a good trade I printed the chart off and stuck it on the wall by my computer as a reminder
  • #403
  • Jun 20, 2017 5:14am Jun 20, 2017 5:14am
Quoting Masterrmind
{quote} Trade setups that are purely MML are perfectly ok if thats what you wish to post even on smaller TFs is ok by me. The D1 Quads do take time to unfold and often longer to complete. It is an intention of mine to look for MML setups on D1 and lower TFs and eventually trade a combination however given a 1K account size only 1 or 2 trades at the most can be made based on assigned risk. I have mentioned previously that I will increase the balance of the account after I take at least a few trades on this current account. After 1 more trade I will...
Follow through with the scalping idea using the AJ chart, I am happy to use 4 days of data for scalping MM4 on a Daily or MM24 on a 4hr even MM96 on a 60min
Attached Image(s) (click to enlarge)
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  • #404
  • Jun 20, 2017 5:52am Jun 20, 2017 5:52am
D1 charts suit me, i got a full time job{which i hate !] i wandered across forex a bit back, i just hope murray maths is a winner!
  • #405
  • Jun 20, 2017 6:15am Jun 20, 2017 6:15am
Quad-Symbol_Changer-MML template

Added to Post#1 in a separate zip folder.

Its very useful for flipping from 1 pair to the next including TF changes at the click of a button.

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


1. MML Settings have been moved higher up the chart

2. MML extreme levels + 4/8 MML have labels whilst the inbetween MMLs do not which is less clutter on the chart.

3. Symbol_Changer indicator colors can be changed to individual preference.

Masterrmind.............
Master your Mind then Master your Trades
  • #406
  • Jun 20, 2017 6:22am Jun 20, 2017 6:22am
Quoting OAPDave
{quote} Follow through with the scalping idea using the AJ chart, I am happy to use 4 days of data for scalping MM4 on a Daily or MM24 on a 4hr even MM96 on a 60min {image} {image} {image}
Question is when are you planning to take the trade?

Masterrmind............
Master your Mind then Master your Trades
  • #407
  • Jun 20, 2017 6:50am Jun 20, 2017 6:50am
Quoting Masterrmind
{quote} Question is when are you planning to take the trade? Masterrmind............
Think their has been too many Daily up days to buy at the moment but I would like to see a chart shift up then a pullback, I will post my entry but as it was one for an example as its not in Ob/Os on a Daily 64, rather hoping to get some feed back from the thread
  • #408
  • Jun 20, 2017 6:56am Jun 20, 2017 6:56am
thanks for the quad-symbol changer, mastermind
  • #409
  • Jun 20, 2017 7:26am Jun 20, 2017 7:26am
Quoting OAPDave
{quote} Think their has been too many Daily up days to buy at the moment but I would like to see a chart shift up then a pullback, I will post my entry but as it was one for an example as its not in Ob/Os on a Daily 64, rather hoping to get some feed back from the thread
84.375 would be a price that interests me
  • #410
  • Jun 20, 2017 8:02am Jun 20, 2017 8:02am
The following tools have now been provided:

D1 templates with a host of informative indicators the main ones being as follows:

a) MML indicator

b) MML Dashboard

c) Symbol_Changer indicator

The Process in very simple terms is as follows:

1. Apply the MML Dashboard (several charts might be required) with your choice of symbols applied in the settings and make a visual note of symbols that have price currently trading in the 0/8 to -2/8 MMLs and/or 8/8 to +2/8 MMLs

For example,
Attached Image (click to enlarge)
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2. Apply the Quad-Symbol_Changer-MML template (D1) and flick through all available symbols on the platform or the ones that interest you and visually note each symbol that has completed a Quad Pattern

For example,
Attached Image (click to enlarge)
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Not a Quad Pattern
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Not a Quad Pattern
Attached Image (click to enlarge)
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Check after D1 candle closes
... and continue until all symbols of choice have been completed.

3. Now you should be able to construct a list of the following:

a) Quad + MML combo setup (a rare find)
The Quad entry candle should be red (bearish) and in the 8/8 to +2/8 zone for a short setup
The Quad entry candle should be blue (bullish) and in the 0/8 to -2/8 zone for a long setup

No chart available at this time to show this Class 1 Setup.

Often in a potential short setup (or vice-versa for long) the Quad pattern will produce a blue (bullish) candle but patience is needed and the market needs to go into a tighter trading range, a consolidation period which eventually gives rise to a Quad red entry candle in sync with MML.

b) Quad D1 only setups;
Attached Image (click to enlarge)
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c) MML D1 only setups; and
Attached Image (click to enlarge)
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4. Then follow the steps outlined in Post #1, check the spread, the swap, the location of Quad Pattern, Rejection candle quality, fundamentals, chart structure (S+R) etc etc.

5. Consider reward to risk ratio and other factors.

6. Trade ot not trade.

Masterrmind.............
Master your Mind then Master your Trades
  • #411
  • Jun 20, 2017 8:14am Jun 20, 2017 8:14am
Quoting Masterrmind
The following tools have now been provided: D1 templates with a host of informative indicators the main ones being as follows: a) MML indicator b) MML Dashboard c) Symbol_Changer indicator The Process in very simple terms is as follows: 1. Apply the MML Dashboard (several charts might be required) with your choice of symbols applied in the settings and make a visual note of symbols that have price currently trading in the 0/8 to -2/8 MMLs and/or 8/8 to +2/8 MMLs For example, {image} {image} {image} 2. Apply the Quad-Symbol_Changer-MML template (D1)...
Mastermind I hate you!!!! with all this outstanding work you are doing I am going to have to learn more about how to load all this and I am getting far to old to keep up with all this tech stuff, think its back to the horses for me, but to be honest they have been running crap for me this past 7 days. something got to give hahah
Great stuff my friend
  • #412
  • Jun 20, 2017 8:30am Jun 20, 2017 8:30am
Quoting OAPDave
{quote} Mastermind I hate you!!!! with all this outstanding work you are doing I am going to have to learn more about how to load all this and I am getting far to old to keep up with all this tech stuff, think its back to the horses for me, but to be honest they have been running crap for me this past 7 days. something got to give hahah Great stuff my friend
Stick around as things are going to get a whole lot better.

Quad Detector indicator and
Quad-MML Dashboard

Not sure when these will be completed.

ps. Time is the major issue.

Masterrmind.............
Master your Mind then Master your Trades
  • #413
  • Jun 20, 2017 8:36am Jun 20, 2017 8:36am
I'm off to rest.

See you all tomorrow.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #414
  • Jun 20, 2017 9:36am Jun 20, 2017 9:36am
Hi all,
If we missed a quad pattern entry and the price gives another opportunity to enter at the same level some days after, how do you operate?
For ex. in the chart I am posting ( EUR-JPY ) I see two quad pattern happened some days at the level 8. Now, the price is again at those levels ( approx )
In cases like this, do you wait for another pattern or do you consider the possibility to enter the trade? Thank you

P.S.: Thank you Masterming for the continuous updates
Attached Image (click to enlarge)
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  • #415
  • Jun 20, 2017 10:18am Jun 20, 2017 10:18am
Chfjpy and eujpy same they create 2 time quad pattern in 0/ 8 level


better leave that pair and and now i am in trade usdcad daily quad candle set up in daily
Attached Image (click to enlarge)
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  • #416
  • Jun 20, 2017 10:32am Jun 20, 2017 10:32am
Quoting gopal33200
Chfjpy and eujpy same they create 2 time quad pattern in 0/ 8 level better leave that pair and and now i am in trade usdcad daily quad candle set up in daily {image}
Good, it seems a good set-up
But, with my chart is slightly different and I have not the quad pattern
Probably different brokers....even small differences in case of candles with small body can have different colors

I wish you green pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 45 KB
  • #417
  • Jun 20, 2017 10:40am Jun 20, 2017 10:40am
Oh brokers use two gmt time frames

every 6 months they change gmt times
gmt +3 is common gmt+2 few brokers

so better look trading view website or any ducascopy website chart you wonot miss opportunity
  • #418
  • Jun 20, 2017 11:29am Jun 20, 2017 11:29am
Quoting Eldero
{quote} Good, it seems a good set-up But, with my chart is slightly different and I have not the quad pattern Probably different brokers....even small differences in case of candles with small body can have different colors I wish you green pips {image}
I would recommend to change broker. Your daily chart is wrong/incorrect and therefore you will not be able to trade properly daily charts. You need to find strictly 5 bars a week broker. It means there are only 5 daily bars in one week or if there are 21 trading days during the month then you should have only 21 daily bars.

Example: May had 23 trading days.
Your chart has 27 daily bars in May therefore your charts are going to be incorrect for trading. Look at gopal33200's chart and you will count 23 daily bars.

The usual problem is with many European brokers who use London midnight (GMT+0 or GMT+1) as day cut off so they will display 2-hour Sunday bar. I use UK based broker but they changed their MT4 to be in line with NY 5pm EST daily close.

So if you plan to trade time frames higher than 1 hour then you need a 5-days a week broker.
  • #419
  • Jun 20, 2017 11:38am Jun 20, 2017 11:38am
Quoting Masterrmind
{quote} Question is when are you planning to take the trade? Masterrmind............
If it runs like my horses are running going to be a bit of an up hill struggle
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYSBDaily.png Size: 64 KB
  • #420
  • Jun 20, 2017 11:54am Jun 20, 2017 11:54am
Quoting renko4x
{quote} I would recommend to change broker. Your daily chart is wrong/incorrect and therefore you will not be able to trade properly daily charts. You need to find strictly 5 bars a week broker. It means there are only 5 daily bars in one week or if there are 21 trading days during the month then you should have only 21 daily bars. Example: May had 23 trading days. Your chart has 27 daily bars in May therefore your charts are going to be incorrect for trading. Look at gopal33200's chart and you will count 23 daily bars. The usual problem is with...
Thank you for your explanation. Yes, I know about the 2hour candle of Sunday and I manually cancel it through the mt4. In the chart I updated I have surely cancelled the recent sundays but probably not the ones of May. Thank you so much for your advice!
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