Quantum London Trading | Forex indicator download- MT4/MT5 resources
Hi everyone, it's been a few years since my last post and I'm back again. I was away with some serious personal health issues and some family issues and couldn't focus on my trading etc. I'm hoping to review some older threads and try to answer questions, so please don't be offended or disrespected if I don't respond to a private message or email right away.
First of all, some of the stuff I've learned over the past decade and the strategies posted here may be really out of date, most likely out of date, or have been modified so much that you don't even know where it originally came from. So let’s start with something simple and fresh.
We all know that it's easy to add the latest and greatest indicators to your charts, making your charts look beautiful but essentially have no trading value. I learned to keep it simple, let the fundamentals of price action and learn the real trading begin. We've seen plenty of London breakouts on the forums, and this one has a slightly different design. Instead of focusing on the London open, we set up trading scenarios to exploit the flaws of the Frankfurt open. So here is the Quantum London trading strategy .
set up
To set it up, download the indicator and template below. I'm using OctaFX, but feel free to use any broker you want. OctaFX's time is GMT+2, so make sure your time is in sync when we set it up. Open the 1 minute GBP/USD chart and load the template. The template should save this information, but if not, place a vertical line on the chart at 5:00 AM GMT (7:00 AM OctaFX).
As you can see, we have many little boxes on the chart that cover all times of the day. But we're looking at a specific time frame. As we know when Tokyo opens we see some volatility and then after the new day starts at 00:00 GMT we mostly get into a period of small range trading until the London open. But people forget that the Frankfurt open often gives us a little sense of the wrong direction before the true direction of the trade is determined. The slowest trading volume period of the day is typically between 4:00 and 6:00 AM Greenwich Mean Time (GMT). This is our starting point in the middle of 5:00 in the morning. We will ignore any boxes formed before this time. Basically what we see is an invisible ZigZag indicator in action, but when new highs/lows are reached, the old boxes remain on the chart instead of disappearing. This is the basis of our trading.
Admission rules
This is the easy part. After the box appears, we open a new trade at the opening of the next candle, the blue box represents a long trade and the red box represents a short trade. We continue to add trades in each box that appears until we encounter a box of the opposite color, where all trades are closed as soon as a new candle opens. This is the hardest part: restraint! ! ! ! While it may seem like there are plenty of opportunities to get back into other running events, don’t! Here you might get stuck in a super long run during the London session, but then get stuck in a consolidation period. Trade size is also very important as you may have 1 or 2 trades, or a basket of 40 trades or more. Here's how you enter a trade (it may be completely different for others, depending on their risk factors):
Trading 1-12=.01 Lots Trading 13-21=.02 Lots Trading 22-29=.05 Lots Trading 30-36=.13 Lots Trading 37-39=.34 Lots Trading 40 =.89 Lots
I'm only using 40 levels as an example for this strategy . You can start by carving out more layers with the lower plots and then gradually increase them in the last 1/4 or so, whether your boat floats or not. I used 80 levels of basket calculation. But in this example, if our number of trades reaches 40, then there are only 3.52 lots in total. But remember, we're going to exercise restraint here and only take the first trade of this trade.
Now let's use today's diagram in the next article to show what the setup looks like. All results are published excluding any spreads , slippage, commissions or any other factors that affect point totals.
There is an EA under development in the thread below if anyone is interested.
Quantum EA
First of all, some of the stuff I've learned over the past decade and the strategies posted here may be really out of date, most likely out of date, or have been modified so much that you don't even know where it originally came from. So let’s start with something simple and fresh.
We all know that it's easy to add the latest and greatest indicators to your charts, making your charts look beautiful but essentially have no trading value. I learned to keep it simple, let the fundamentals of price action and learn the real trading begin. We've seen plenty of London breakouts on the forums, and this one has a slightly different design. Instead of focusing on the London open, we set up trading scenarios to exploit the flaws of the Frankfurt open. So here is the Quantum London trading strategy .
set up
To set it up, download the indicator and template below. I'm using OctaFX, but feel free to use any broker you want. OctaFX's time is GMT+2, so make sure your time is in sync when we set it up. Open the 1 minute GBP/USD chart and load the template. The template should save this information, but if not, place a vertical line on the chart at 5:00 AM GMT (7:00 AM OctaFX).
As you can see, we have many little boxes on the chart that cover all times of the day. But we're looking at a specific time frame. As we know when Tokyo opens we see some volatility and then after the new day starts at 00:00 GMT we mostly get into a period of small range trading until the London open. But people forget that the Frankfurt open often gives us a little sense of the wrong direction before the true direction of the trade is determined. The slowest trading volume period of the day is typically between 4:00 and 6:00 AM Greenwich Mean Time (GMT). This is our starting point in the middle of 5:00 in the morning. We will ignore any boxes formed before this time. Basically what we see is an invisible ZigZag indicator in action, but when new highs/lows are reached, the old boxes remain on the chart instead of disappearing. This is the basis of our trading.
Admission rules
This is the easy part. After the box appears, we open a new trade at the opening of the next candle, the blue box represents a long trade and the red box represents a short trade. We continue to add trades in each box that appears until we encounter a box of the opposite color, where all trades are closed as soon as a new candle opens. This is the hardest part: restraint! ! ! ! While it may seem like there are plenty of opportunities to get back into other running events, don’t! Here you might get stuck in a super long run during the London session, but then get stuck in a consolidation period. Trade size is also very important as you may have 1 or 2 trades, or a basket of 40 trades or more. Here's how you enter a trade (it may be completely different for others, depending on their risk factors):
Trading 1-12=.01 Lots Trading 13-21=.02 Lots Trading 22-29=.05 Lots Trading 30-36=.13 Lots Trading 37-39=.34 Lots Trading 40 =.89 Lots
I'm only using 40 levels as an example for this strategy . You can start by carving out more layers with the lower plots and then gradually increase them in the last 1/4 or so, whether your boat floats or not. I used 80 levels of basket calculation. But in this example, if our number of trades reaches 40, then there are only 3.52 lots in total. But remember, we're going to exercise restraint here and only take the first trade of this trade.
Now let's use today's diagram in the next article to show what the setup looks like. All results are published excluding any spreads , slippage, commissions or any other factors that affect point totals.
There is an EA under development in the thread below if anyone is interested.
Quantum EA
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