Quad Candle System | Foreign Exchange EA Download- MT4/MT5 Resources

four candle system

My view on trading is to take what works and discard what doesn't.
Everything else is a theoretical or research-oriented exercise.
Learning is continuous.
Transparent traders are the only real traders!
Don't be fooled by those who are hiding in the fog and looking at the flowers!

think tank

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"I am in the brokerage business myself and handle large accounts, so I have the opportunity that ordinary people rarely have to study the reasons why other people's speculations succeed or fail. I have found that more than 90% of traders enter the market without knowledge or learning, and they usually fail in the end."

Gann

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WD Gann’s alleged trading performance
1908 – A $130 account grows to $12,000 in 30 days.
1923 – Account of $973 grew to $30,000 in 60 days.
1933 – 479 trades were made, 422 of which were profitable. The hit rate is 88% and the profit is 4000%.
1946 – 3 months net profit of $13,000, starting capital of $4,500 – profit margin of 400%.

Gann

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Real-time transaction progress

...will be launched in early 2023...

If topic participation continues, the account history will remain public, but if participation dries up, the account may be removed from public viewing.

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Four Candle System Method

The Four Candlestick System (QCS) is designed for trading higher time frames only!

The daily time frame [D1] is the preferred trading period.

The QCS system is based on the 4×D1 candle pattern and involves the following aspects:

a) 2 bullish candles followed by candles looking to go to market

or

b) Candles followed by 2 bullish candles looking to go long the market

Participation (Basic Standard)

The basic version of the QCS entry uses the four candle pattern and the main eight dollar trading frame (indicator).

After the entry is completed (preferred when the price is in the upper octave extreme zone ).

or

long entry

The Four Candlestick Long Pattern (QCLP) is completed after entering the long (preferably when the price is in the lower octave limit zone ).

Entry occurs after the completion of the four-candle pattern, that is, after the close of the D1 candle, until 5 minutes before the close of the entry candle.



Valid admission

A valid entry must occur within the QCS entry candle time.

The QCS entry candle is the next candle in the sequence that confirms a valid four-line pattern.

D1 TF = entry point within the opening and closing prices of the QCS entry candle (D1);
W1 TF = Entry point within the opening and closing price of the QCS entry candle (W1).

The same is true for other trading time frames.

Since entries can be made within the relevant QCS entry candle, market and pending orders can be applied; pending orders may provide the opportunity to enter at a "better" price after a pullback occurs.

An entry may occur at any time within the current QCS entry candle.

An advantage is that in the event of a pullback, it allows traders to enter the market at a "better" price and thus potentially achieve a "better" reward to risk ratio (RR).
The Fibonacci tool can be applied to the entire range of the nearest candles. Valid entry points for the four candle pattern are 38.2 or 50.0 or 61.8.

A is if the price does not pull back, but continues in the set direction, leaving you on the sidelines, resulting in missed opportunities or having to enter at a less favorable price.

It is not recommended to enter the trade too late based on the assessment of moving points with ADR (if D1 is already traded).

Sometimes traders may need to use judgment based on their own trading plan and the specific trading instrument they are considering.

The quad pattern works anywhere on the chart (provided the broker data source is up to date and there is no missing data), which means it does not have to be in an extreme area (entry points near extreme areas may have longer pip counts if stops do not occur).

Chart structure and convergence should be applied to all QCS settings to provide entries with the highest probability of outcome.
If not, you should use a reduced risk application, such as trading the same SL points but with half the volume, meaning 1/2 "normal" risk.

Additional entries

quadrilateral-
The first entry (entry 1) settings should follow the quad mode entry criteria published above;

The same second and subsequent entries (additional entries A, B, C, D, etc.) quad setups can follow the same offset quad pattern, but they don't need to.

Adding trades (2 or more) is at the trader's discretion and can be based on the following conditions:

a) Master Octive trading frame price level:

Additional Entry A @ Entry 1 Price +/- 2 OG,
Extra Entry B @ Entry 1 Price +/- 3 OG,
Additional entry C @ entry 1 price +/- 4 OG, and additional entry D @ entry 1 price +/- 5 OG

Note 1: Allow at least 2 multiplier gaps before adding the first additional trade, this is to give entry 1 breathing room and allow for some P&L.
Note 2: If desired, additional entries B, C, D, etc. can be set as pending orders at 1 OG interval using Master Octive trading frame price levels.
Note 2: Additional transactions should not be conducted within 2 OG of the main target area;

b) Quad mode (next in the series or converging with the S&R level);
c) Candlestick pattern
d) Support + resistance and chart structure;
e) Fibonacci ratios;
f) Harmonics;
g) Range ratio (such as moving points vs. ADR/AWR/AMR, etc.);
h) Gann level; or

Note 1: The sum of all trades that make up a four-way setup must be designed such that the sum of all stops is .
Note 2: Typically in the range of 0.5% - 5%.
Note 3: For a period of 3 to 5 transactions, the interest rate for the entire account is typically 1.5% - 15%.
Note 4: It is highly recommended to minimize risk on initial entry and then increase trading volume as the trade progresses smoothly.

The first entry is arguably the most important of the trading sequences in the quad setup, as traders expect it to be at the start of a new supertrend, either up or down (as the case may be), and the addition of the trade is expected to significantly increase account growth.

Carefully adding trades within a given four-way setup can provide potential growth acceleration.
At all times, traders should monitor and control risk as much as possible.
Some risks, such as negative broker slippage, flash crashes, and black swan events, may be beyond a trader's control.

trading volume

New accounts should see a slight reduction in trading volume (this avoids more severe losses in the early years when growth is non-existent).

During the trading cycle, once the entry point is locked at the BE+ point, the trading volume is released and additional trades can then be made based on the current trading volume limit.

Achieve Dream Level (DL) through the power of compound interest

Compound interest monthly forecast ( no additional deposit required) to create dream levels ( DL ):

US$1000 to US$1 million
DL1. Compound a 1K account at ~5.93% MoM ==> 1K to 1 million~.
DL2. Compound a 1K account at ~7.47% MoM ==> 1K to 1 million~.
DL3. Compound a 1K account at ~10.08% MoM ==> 1K to 1 million~.
DL4. Compound a 1K account at ~15.49% MoM ==> 1K to 1 million~.
DL5. Compound a 1K account at ~33.36% MoM ==> 1K to 1 million i n ~.

US$10,000 to US$1 million
DL1. Compound a 10K account at ~3.92% MoM ==> 10K to 1 million~.
DL2. Compound a 10K account at ~4.93% MoM ==> 10K to 1 million~.
DL3. Compound a 10K account at ~6.62% MoM ==> 10K to 1 million~.
DL4. Compound a 10K account at ~10.1% MoM ==> 10K to 1 million~.
DL5. Compound a 10K account at ~21.2% MoM ==> 10K to 1 million~.

Compound monthly forecasts using 1K top-ups until total invested capital is reached to create Dream Level ( DL ):

DL1. Compound a 1K account (time deposit is 1000, total investment limit = 120,000 US dollars) 2.84% MoM ==> from 1000 to 1 million in about 10 years.
DL2. Compound a 1K account (time deposit is 1000, total investment cap = 116,000 USD) 3.00% MoM ==> from 1000 to 1 million in about 9 years and 8 months.
DL3. Compound a 1K account (fixed deposit of 1000, total investment cap = 94k USD) 4.00% MoM ==> Grow from 1K to 1M in about 7 years and 10 months.
DL4. Compound a 1K account (time deposit is 1000, total investment limit = 80,000 USD) 5.00% MoM ==> from 1000 to 1 million in about 6 years and 8 months.
DL5. Compound a 1K account (term deposit is 1000, total investment cap = 48,000 USD) 10.00% MoM ==> 1K to 1 million ~ 4 years .

For example,
DL 1 suggests that approximately $120,000 can be used to earn $1 million;
DL 2 suggests that approximately $116,000 could be used to earn $1 million;
DL 3 suggests that approximately $94,000 can be used to earn $1 million;
DL 4 suggests that approximately $80,000 can be used to earn $1 million; and
DL 5 indicates that it takes approximately $48,000 to earn $1 million.

Any of these outcomes require long-term successful trading to achieve milestones and goals.

Example of VaR for a long-term account with semi-aggressive trading:

Allocated risk per trade (maximum):

Risk allocated per account (maximum):

Drawdown (Max DD):

Peak to valley (net maximum):

Dream level changes (applicable when DL is active):

1. If the DL rate is not reached at least once after a 3 month (calendar) trading period, the next lower DL rate will be applied;
2. ARPA must be reduced by a factor of 2 immediately starting with the next calendar month;
3. If the original DL rates are reached again in any future month, ARPA may be increased to the applicable maximum.

Violation of drawdown and peak-trough limits (applies to everyone):

1. If the DD limit is violated, each account's risk must be reduced by 2x within the next calendar month (penalty month);
2. If the limit is not exceeded during the penalty month, the risk per transaction may increase to the maximum value of the applicable DL;
3. If the penalty month limit is also violated, the risk per trade must be reduced again by 2x.

Maximum lot size (per trade) and recommended trading volume range (applies to all trades):

1. Maximum lot size = equity/10000
2. Recommended trading volume range = [Equity/100000 to Equity/20000]

If equity >= then maximum lot size = --> Recommended [0.01 to 0.05]

1K equity (maximum lot size = )
Trade 1 @ 0.01
Transaction 2 @ 0.02
Transaction 3 @ 0.03
Transaction 4 @ 0.04
Trade 5 @ 0.05
Thoth. Volume = ( 0.01 + 0.02 + 0.03 + 0.04 + 0.05 ) = 0.15 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.02 to 0.10]

2K equity (maximum lot size = )
Trade 1 @ 0.02
Transaction 2 @ 0.04
Transaction 3 @ 0.06
Transaction 4 @ 0.08
Trade 5 @ 0.10
Thoth. Volume = ( 0.02 + 0.04 + 0.06 + 0.08 + 0.10 ) = 0.30 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.03 to 0.15]

3K stocks (maximum lot size = )
Trade 1 @ 0.03
Transaction 2 @ 0.06
Transaction 3 @ 0.09
Transaction 4 @ 0.12
Trade 5 @ 0.15
Thoth. Volume = ( 0.03 + 0.06 + 0.09 + 0.12 + 0.15 ) = 0.45 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.04 to 0.20]

4K stake (maximum lot size = )
Trade 1 @ 0.04
Transaction 2 @ 0.08
Transaction 3 @ 0.12
Transaction 4 @ 0.16
Trade 5 @ 0.20
Thoth. Volume = ( 0.04 + 0.08 + 0.12 + 0.16 + 0.20 ) = 0.60 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.05 to 0.25]

5K equity (maximum lot size = )
Trade 1 @ 0.05
Transaction 2 @ 0.10
Transaction 3 @ 0.15
Transaction 4 @ 0.20
Trade 5 @ 0.25
Thoth. Volume = ( 0.05 + 0.10 + 0.15 + 0.20 + 0.25 ) = 0.75 (1.5* maximum lot size).

...
...

If equity >= then maximum lot size = --> Recommended [0.10 to 0.50]

10K equity (maximum lot size = )
Trade 1 @ 0.10
Transaction 2 @ 0.20
Transaction 3 @ 0.30
Trade 4 @ 0.40
Trade 5 @ 0.50
Thoth. Volume = ( 0.10 + 0.20 + 0.30 + 0.40 + 0.50 ) = 1.50 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.20 to 1.00]

20K equity (maximum lot size = )
Trade 1 @ 0.20
Transaction 2 @ 0.40
Trade 3 @ 0.60
Trade 4 @ 0.80
Trade 5 @ 1.00
Thoth. Volume = ( 0.20 + 0.40 + 0.60 + 0.80 + 1.00 ) = 3.00 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.30 to 1.50]

30K equity (maximum lot size = )
Trade 1 @ 0.30
Trade 2 @ 0.60
Trade 3 @ 0.90
Trade 4 @ 1.20
Trade 5 @ 1.50
Thoth. Volume = ( 0.30 + 0.60 + 0.90 + 1.20 + 1.50 ) = 4.50 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.40 to 2.00]

40K equity (maximum lot size = )
Trade 1 @ 0.40
Trade 2 @ 0.80
Trade 3 @ 1.20
Trade 4 @ 1.60
Trade 5 @ 2.00
Thoth. Volume = ( 0.40 + 0.80 + 1.20 + 1.60 + 2.00 ) = 6.00 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [0.50 to 2.50]

50K equity (maximum lot size = )
Trade 1 @ 0.50
Transaction 2 @ 1.00
Trade 3 @ 1.50
Transaction 4 @ 2.00
Trade 5 @ 2.50
Thoth. Volume = ( 0.50 + 1.00 + 1.50 + 2.00 + 2.50 ) = 7.50 (1.5* maximum lot size).

...
...

If equity >= then maximum lot size = --> Recommended [1.00 to 5.00]

100,000 shares (maximum lot size = )
Trade 1 @ 1.00
Transaction 2 @ 2.00
Transaction 3 @ 3.00
Transaction 4 @ 4.00
Trade 5@5.00
Thoth. Volume = ( 1.00 + 2.00 + 3.00 + 4.00 + 5.00 ) = 15.0 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [2.00 to 10.00]

200,000 shares (maximum lot size = )
Trade 1 @ 2.00
Transaction 2 @ 4.00
Transaction 3 @ 6.00
Transaction 4 @ 8.00
Trade 5 @ 10.00
Thoth. Volume = ( 2.00 + 4.00 + 6.00 + 8.00 + 10.00 ) = 30.00 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [3.00 to 15.00]

300,000 shares (maximum lot size = )
Trade 1 @ 3.00
Transaction 2 @ 6.00
Transaction 3 @ 9.00
Transaction 4 @ 12:00
Trade 5 @ 15.00
Thoth. Volume = ( 3.00 + 6.00 + 9.00 + 12.00 + 15.00 ) = 45.0 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [4.00 to 20.00]

400,000 shares (maximum lot size = )
Trade 1 @ 4.00
Transaction 2 @ 8.00
Transaction 3 @ 12:00
Transaction 4 @ 16:00
Trade 5 @ 20.00
Thoth. Volume = ( 4.00 + 8.00 + 12.00 + 16.00 + 20.00 ) = 60.00 (1.5* maximum lot size).

If equity >= then maximum lot size = --> Recommended [5.00 to 25.00]

500,000 shares (maximum lot size = )
Trade 1 @ 5.00
Transaction 2 @ 10:00
Transaction 3 @ 15:00
Transaction 4 @ 20:00
Trade 5 @ 25.00
Thoth. Volume = ( 5.00 + 10.00 + 15.00 + 20.00 + 25.00 ) = 75.00 (1.5* maximum lot size).

...
...

If Equity > Then Maximum Lot Size = --> Recommended [10.00 to 50.00]

1M equity (maximum lot size = )
Trade 1 @ 10.00
Transaction 2 @ 20:00
Transaction 3 @ 30:00
Transaction 4 @ 40.00
Trade 5@50.00
Thoth. Volume = ( 10.00 + 20.00 + 30.00 + 40.00 + 50.00 ) = 150.00 (1.5* maximum lot size).

When trading volumes exceed 100 lots, you may need to seek approval from your broker to trade larger volumes...usually a simple process.

If the broker is unable to accommodate your request for increased trading volume per entry, then you have 2 options:

1. Trading with the broker is limited to a maximum of 100 lots per entry, just add additional entries to reach the applicable limit; or

2. Find another broker who can meet or preferably exceed your requirements (very simple).

The drawdown (maximum) must remain within the set level, up to 30%.

In most cases, the account risk for each account will be determined based on the DL designation, up to a maximum of 15% when deemed appropriate.

Trading plans must be available and demonstrate a reasonable degree of flexibility without adversely affecting risk control management.

While traders are encouraged to modify their plans slightly to suit their preferred level of risk tolerance, I do not encourage traders to try to drastically modify these values ​​and limits because I know from experience what limits are reasonable.

As experience increases and the account continues to grow, experienced traders can consider slightly higher risk levels, although smart traders already know that the flexibility built into the system already allows for greater growth potential.

Imagine a $1,000 account with the following volume settings:

If equity >= && < then maximum lot size = --> Recommended [0.01 to 0.05]

1K Stake (max lot size (1 entry only) = )
Trade 1 @ 0.01
Transaction 2 @ 0.02
Transaction 3 @ 0.03
Transaction 4 @ 0.04
Trade 5 @ 0.05
Thoth. Quantity (maximum 5 bars) = ( 0.01 + 0.02 + 0.03 + 0.04 + 0.05 ) = 0.15 lots (1.5* maximum lot size).

In the case where trades 1, 2 and 3 are active and trade 1 is locked at BE+ points, then 0.01 lots can be added back to the total volume (0.15 lots + 0.01 lots), which is 0.16 lots.

If all transactions 2 and 3 are later locked in BE+pips, we will get:

New trading volume limit = Total trading volume (current) + Trade 2 (0.02) + Trade 3 (0.03) = 0.16 lots + 0.02 lots + 0.03 lots = 0.21 lots.

Simply put, this means that when a trade is transferred to BE+pips, the corresponding volume will be added to the applicable total volume value (based on the stock).

Take it a step further and consider multiple periods on a fully funded trading account and you will quickly realize that under favorable trading conditions, as equity increases during active periods, so will trading volume and the gains can become major equity boosters.

QCS Zip Folder(MT4)

Stop updating (no longer available)

Notice:
1. The basic version only shows the Master Octive Grid and basic QCS settings (Stop Loss and Target within the Master Octive trading framework);
2. It does not display Multi-Gann Grid, Gann SQ9 Price and Date, Moon Phases, Yearly Reset Dates, Modified Calculations, or any other advanced overlays.
3. Updates to base version indicators will be limited and include an expiration date.

Major Octave Indicator (MT5)
MT5 (Basic Edition 1)

...pending final development and testing...

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1. Transaction account number;
2. Trading account type;
3. Contact email address (for QCS_password generation);
4. Traders are also required to participate in the topic; and
5. Final access rights are at the discretion of the thread operator.

Advanced Trader Toolkit

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Master Octive Trading Framework (MOTF)

The Major Octave indicator will produce an Active trading frame that draws a grid starting with horizontal and vertical lines on the annual reset date ( Yangtze River Delta ) in January.

The Yangtze River Delta is a date that is known in advance because we know all the lunar phases of future full moons and new moons, and the selection is as follows:

1. If the full moon date is on or before January 15 of the following year, that date will be the full moon date in the Yangtze River Delta .
2. If the full moon date is after January 15th, use the new moon date as the Yangtze River Delta .
3. If the full moon date occurs before January 15th (inclusive), the full moon date will always be selected even if the new moon occurs earlier in the month.

The YTD can be obtained from many places, but I would refer to the website for times and dates like this:

https://www.timeanddate.com/moon/pha...york?year=2019

Referring to the screenshot of the 2019 moon phase, it can be clearly seen:

1. The full moon occurs on January 21, 2019; and
2. The new moon occurs on January 5, 2019

It is rejected because the full moon occurs after mid-month and the new moon date used in this example is January 5, 2019 .

The Active Grid reset date ( OGD ) is Monday, January 7, 2019 (the trading day next to the Monday after YRD).

algorithm:

The Master Octive indicator in MT4 and MT5 formats applies complex algorithms both internally and externally.

In short, it just means that there are 2 components that generate all levels of horizontal and vertical levels.

Since I don't fully trust the protection against decompiled code in the ex4 and ex5 variants, I decided to split the algorithm into two parts.

This part of the algorithm is stored completely separate from all other indicators that perform its calculations in semi-isolation.

The "Advanced Tools" version will most likely use an MT5 EA (or Fix API, bridge setup) to trade in threads.

Traders who apply the "Basic Tools" in a manual trading approach can still become very successful traders and look forward to consistent trading over the long term, provided that the Post 1 Guidelines are also adhered to, as deviating from these QCS Guidelines will distort your own trading results in the long term.



Four Candle System [D1 TF]:

P=64 [Period in Bars] is the default setting, but advanced toolkits have open possibilities.

Separate symbols into different speeds (ADR):

(a) Turtle (ADR < about 60 points)

(b) Moderate (ADR >60 and <100 points)

(c) Fast (ADR >=100 points)

Specific settings can be applied to a given symbol, or a "best fit" averaged.

When parameters are changed, the size of the Active gap displayed on the main Active trading frame may change (Premium version only).

If the PA is considered "out of sync" then we need to change the settings slightly (advanced version only).



Typically placed above or below the Quad Candle Cluster (QCC) depending on the short or long setting.

A four-line candle cluster is a grouping of candles (or bars) that form a four-line candle pattern along with any adjacent (and close) candles.

Typically, this is when a few nearby candles have a range above the Quad short-term pattern or below the Quad long-term pattern, and it is best to set a stop loss that clears these levels.

Basically above or below major moves such as four-line candle clusters (four-line patterns and any bars that directly form structures).

However, traders may use the following at their own discretion:

1. Swing highs or lows or QCC positions as mentioned above ( minimum gap allowed is 20 pips above/below this level), including 2 OG SLs, which clear this area and do not fall within this range;

2. ATR tracking indicator (for possible trailing stop loss);

3. Draw a structural high or low chart according to the situation;

4.Oactive SL logic

(a) If entry() is made by the base octave price level (base OPL) or the highest octave price level (top OPL)

i) A minimum SL of at least 50% of the current octave gap should be applied
ii) The maximum SL is 100% of the current Active Gap

b) All other notes from the octave should be up to a.

c) Exceptions should be very limited and related to risk control parameters.

5. Extreme items

Stop loss must not exceed 1 Octive Gap (see Master Octive Trading Framework) above OPL_Top level.
Stop loss must also not exceed 2 times the frequency difference.

Four length settings:
Stop loss must not exceed 1 Octive Gap (see Master Octive Trading Framework) OPL_Base level four long setting .
Stop loss must also not exceed 2 times the frequency difference.

6. The initial stop loss setting should remain unchanged until the price moves in a favorable direction by at least 2 multiplier gaps, and then 1 OG can be locked;

7. Stop loss can be applied after the close of 2 consecutive opposite candles (: bullish candles closed after 2 pips; QLS : bullish candles closed after 2 pips) under floating profit conditions, otherwise the trade is allowed to accept stop loss in the worst case scenario.

Take profit

Set your target after applying a minimum 1 RR (better 2:1, 3:1, 4:1 or higher) stop loss setup based on a multiplier gap.

The minimum take profit is 1 frequency difference (1RR).

If you choose SL as 1 Octive Gap, you can set a maximum 10RR target (OPL_Top down to OPL_0 or long OPL_Base to OPL_8).

If a higher octave gap ratio is selected for SL, the maximum RR level will decrease because the SL points have increased significantly, but the MOTF remains the same in terms of available target points (i.e. the MOTF at setup has a fixed range).

The maximum target level is OPL_8 level.
The maximum target level setting is OPL_0 level.

The lowest target level for any setting is 1 octave gap.

Trailing Stop

Trades can be tracked following a manual or automated process as the trader sees fit.

I recommend allowing at least 2 octave gaps on the initial entry and then trailing by 1 octave gap.

This is based on experience showing that PA can pull a 1 octave gap, allowing you to start tracking from a gap larger than 1 octave (e.g. 2 OG) until the trade progresses on a few OG levels and is deemed to encounter strong support or resistance (based on the chart structure).

Alternatively, traders can use:

a) BE + some points after price moves favorably towards X_pips, where X_pips > 1 OG;

b) ATR indicator (or %ADR, %AWR or %AMR);

c) Main Active trading framework indicator;

d) chart structure (e.g. long-term support or resistance areas or candlestick tracking);

e) 2 D1 candles of opposite colors (in series) are formed at any time after the transaction is entered (showing floating profit); or

f) Other methods (such as Fibonacci tracking, candlestick tracking, ATR tracking, etc.)

Price does not always go in the direction you want, in fact, after reaching a certain number of points, price may reverse, so sometimes it is necessary to simply close a position to gain some profit or loss and look for the next opportunity.

Typically, traders need to balance the balance between setting a stop loss that is too tight and setting a stop loss that is too large.

I recommend considering symbolic ADR/AWR/AMR data in conjunction with the current Active Gap when tracking.

Make your stop loss too tight and you may be kicked out of the trade quickly.
Make your stop loss too generous and you may give up too much floating profit.

fundamental analysis

Since this system applies a D1 trading setup, fundamental analysis is also important to separate your own biases from technical biases.

Fusion should be sought where fundamental and technical biases align.
This isn't always possible, so you'll need to manage the potential risks when all the factors don't seem to line up with your own market analysis.

Some sources include the following:
1. Central Bank’s speech;
2. News sources (Bloomberg Professional, Reuters, Ransquawk, etc.);
3. Economic calendar (bank, FF, myfxbook and hundreds more);
4. Trade economics websites and other academic resources (websites, pdfs, related articles);
5. Political commentary (tweets, speeches, etc.);

Avoid "entertainment" news like CNBC as you won't get any useful information in your trading setup.

trading hours

This will depend on market movements in the instrument being traded and the controls in place.

Depending on the market moving in a certain direction or a period of consolidation to avoid stop losses, trades can last for weeks or months!

Although this thread is geared toward D1 TF trades, the trade duration can vary significantly when trading other TFs.

The idea is to get into a long trend and stay there for a few hundred pips or as long as possible and then let your trailing stop take you out.
Increasing your trading volume with more trades can accelerate the growth of your account, resulting in good performance.

Traders need to exercise a lot of patience and make the trade run as smoothly as possible.

If a trader makes a profit on a trade, then they are not actually doing much wrong, however, they may have passed up a better opportunity.

swap rate

In a D1 (or higher) trading setup, trades typically last anywhere from a few days to a few weeks or even months.

At approximately 5 PM ET, open positions are rolled over and positive or negative swaps are added or deducted from your trading account almost immediately through your broker.

Swap rates are updated weekly, with financial institutions passing the rates to brokers.

Triple swap rates are generated on Wednesday (FX markets do not trade on weekends).

The swap rate for CFDs on Friday is triple.

Brokers may pass financing fees on to clients.

The formula below for calculating swap rates may differ slightly from how your specific broker calculates it.

The formula for calculating overnight interest is as follows:

Daily rollover interest = contract nominal value x (base currency interest rate - quote currency interest rate) / (365 days per year x current base currency interest rate)

The contract notional value is the trading volume in the quote currency, for example EUR/USD: 100,000 (or 1 lot) - the swap will be expressed in USD currency.

The spread is the interest rate difference between the base currency and the quote currency.

You need to know the lending and borrowing rates for the currencies you trade (there are many sources online).

The daily rollover interest formula is calculated based on a 1-day rollover, if it exceeds one day, just multiply by the number of days.

Menorah source:

website:
- Basic Candlestick Pattern - http://www.candlesticker.com/BasicCa...s.aspx?lang=en
- Bullish Candlestick Pattern - http://www.candlesticker.com/Bullish...s.aspx?lang=en
- Bearish Candlestick Pattern - http://www.candlesticker.com/Bearish...s.aspx?lang=en
- Basic Candlestick Patterns - http://stockcharts.com/school/doku.p...o_candlesticks
books:
- Fool's Candlestick Pattern (this is actually a great place to start if you're a newbie)
- Steve Nison's Japanese Candlestick Pattern (various updated versions)

Gann Source:

Gann, W.D. 1923. The truth about stock quotes;
Gann, W.D. 1927. Sky Tunnel or 1940 Review;
Gann, W.D. 1936. New Stock Trend Detector;
Gann, W.D. 1946. Forecasting grains by time period;
Gann, W.D. 1949. 45 years on Wall Street;
Gann, W.D. 1951. How to make a profit on merchandise; and
Gann, W. D. 1954. Why commodities and stocks lose money and how to make money.

harmonic:

C focuses on the completion of the basic ABCD a AB=CD pattern at 1 to 1, followed by expected price reversal, or upon exhaustion of 127.2/161.8)
http://harmonictrader.com/

AB=CD pattern
http://harmonictrader.com/blog/2013/08/03/abcd/

Advanced harmonic modes like Gartley, Bat, Crab, Butterfly, Shark, 3-Drive, 5-0 can be applied in the settings.

Fibonacci data source:

Ratios - http://harmonictrader.com/fibonacci/fibonacci-ratios/
Extensions - http://www.investopedia.com/terms/f/...extensions.asp
Retracement - http://www.investopedia.com/terms/f/...etracement.asp
Golden Ratio - http://www.investopedia.com/articles.../04/033104.asp

The sites listed above are designed to gain a very basic understanding of Fib ratios and can be expanded upon in threads.

The Fib ratio I applied was:

38.2,
50,
61.8,
78.6,
88.6,
100,
127.2 and
161.8 .

I will discuss in the topic which elements are important to understand and apply, and which elements are not suitable for the four candle system.

Websites with useful content:

http://www.bloomberg.com
http://www.economiccalendar.com
http://www.reuters.com
http://www.marketwatch.com
http://www.marctomarket.com
http://www.netdania.com
http://www.zerohedge.com
https://ransquawk.com
https://tradingeconomics.com
https://finviz.com

Central Bank:
http://www.centralbanksguide.com/central+banks+list/
https://www.federalreserve.gov/
http://www.bankofengland.co.uk/Pages/home.aspx
http://www.ecb.europa.eu/home/html/index.en.html
https://www.boj.or.jp/en/index.htm/
https://www.snb.ch/en/
http://www.rba.gov.au/
http://www.bankofcanada.ca/
http://www.rbnz.govt.nz/

comminicate:

in stock:

New York Stock Exchange (USA) http://nyse.com/
Nasdaq (USA) http://nasdaq.com/
Japan Exchange Group JPX (Japan) http://www.jpx.co.jp/english/
Shanghai Stock Exchange (China) http://www.sse.com.cn
Euronext (EU) https://www.euronext.com/
London Stock Exchange Group (UK) http://www.lseg.com/
Hong Kong Stock Exchange (Hong Kong) http://www.hkex.com.hk/
Shenzhen Stock Exchange (China) http://www.szse.cn/main/cn
Deutsche Börse (Germany) http://deutsche-boerse.com/dbg/dispa...r/dbg_nav/home
TMX Group (Canada) http://www.tmx.com/
Korea Exchange (South Korea) http://eng.krx.co.kr/
Six Swiss Exchange (Switzerland) http://www.six-swiss-exchange.com/
Australian Securities Exchange (Australia) http://www.asx.com.au/
Taiwan Stock Exchange (Taiwan) http://www.twse.com.tw/en/
New Zealand Exchange NZX (New Zealand) http://www.nzx.com/

commodity:

Chicago Mercantile Exchange (CME, CBOT, NYMEX, COMEX) http://cmegroup.com/

U.S. Commodity Futures Trading Commission (COT data):

http://www.cftc.gov/MarketReports/Co...ders/index.htm

Google : Search additional resources via Google/other search engines to expand your knowledge base.

Four General Guidelines for Trading Setups

1. Find a set of symbols using the Four Candles Dashboard (or manually)
Search for potential Four Candlestick Patterns (QCP) using templates:
a) Main Active trading framework indicator;
b) D1 TF

2. If the symbol is for a major , check the related majors on the D1 chart.
a) CHF JPY example (get D1 chart of USDCHF and USDJPY)
b) Check the association table (daily, weekly, monthly)
http://www.myfxbook.com/forex-market/correlation

3. Check the basics
(Before placing a trade, you must have a global preferred direction: Up, Down, or Neutral (swap rate considerations))
a) Forex Factory Economic Calendar
https://www.forexfactory.com/calendar.php
MQL5 Economic Calendar
https://www.mql5.com/en/economic-calendar

b) News website (the purpose is to understand the market as much as possible, currently in progress)
Reuters
http://www.reuters.com/news
http://www.reuters.com/finance/currencies
Bloomberg
https://www.bloomberg.com/markets
https://www.bloomberg.com/markets/currencies
CNBC
https://www.cnbc.com/foreign-exchange/

4. Check QCP setting location
a) Chart structure resistance and/or support levels
b) Fibonacci ratios (38.2 to 88.6 and extension ratios 127.2 and 161.8)
c) Harmonic completion (ABCD or AB=CD mode)
d) Key psychological control (check current price trading position relative to these price levels)

5. Check QCP candlestick types (SQCP and LQCP; short quad setup and long quad setup)
a) A reversal candlestick pattern after a long-term upward or downward trend;
b) Look for rejection or piercing of a given candle type at some key
c) Consider lower TF analysis within the bounds of QUAD settings;
d) Consider the quality of the reversal candle pattern;
e) Consider the relative range between the D1 candles of the four-candle pattern; and
f) “Quality” of the Four Candlestick Pattern

6. Check the following
a) What day of the week entry is likely to be made (e.g. if Friday is not suitable, consider weekend risks)
b) Proximity to high-impact news and expected impact on proposed market entry
c) Swaps (check if the currency pair has positive or negative arbitrage swaps, which accumulate over weeks)
d) Check whether the Stop and TP positions are meaningful
e) Understand the potential maximum loss for a given trade
f) Understand how you will track the trade (ATR method, moving SL to BE+ points are X_pips, S+R, etc.)
g) Find any reasons why the trade should not be made (whether there is a strong enough reason for you not to place the trade, determine the risk based on the possible reasons for rejecting the trade)
h) Ask other traders in the thread if they can think of reasons why you should not enter a particular trade, consider their reasons and match them with your own ideas.

7. Apply sound risk control and trade management techniques

1. Be clear about your loss as a percentage of your account on a given trade (usually 1-2% risk per trade, but never more than ~5%);
2. Make a plan to lock the trade in BE after the price moves a predetermined distance from the entry level;
3. Once the initial stop is established via Active Gap and the entry is active in the market, allow the trade space to breathe;
4. The minimum SL is 1 OctiveGap;
5. The maximum SL is 2 OctiveGaps;
6. Aim for at least 4RR (i.e. 4 x SL points)
7. Minimize common errors in trade setup by thoroughly and repeatedly checking applied risks and making adjustments as necessary;
8. Long-term consistency should be the goal, and applying MoM, the compounding method, will grow your account significantly;
9. Equity Curve Tracking Management (ECTM) is a technique that can be applied in the event of a capital drawdown;
10. Becoming a good risk manager takes experience and time;
11. Short swap (or long swap) interest rate;
12. spread;
13. Four short or four long mode (QSP/QLP) confirms that the mode is valid;
14. The quality of four-line patterns (candlestick patterns, harmonic completion zones and Fibonacci, depending on the given chart);
15. QSP to the position of the chart structure (high, middle, or other position); and
16. QSP to the location of the Octive zone (near the Extreme Octive zone or elsewhere within the Master Octive trading framework)

Advanced Gann Trade Setup

Traders should understand that no one living person possesses all of the information related to Gann's methodology, and therefore no one can assume to understand Gann's material in its complete context.

Relatively new practitioners such as Jenkins, Baker, and Murray have all used parts of Gann's trading wisdom and applied slightly different interpretations or methods.



For over thirty years, I have studied most of Gann's methods and applied them to my own trading.

However, any use of Gann in my own trading methods (and the limited postings on Gann techniques posted in this thread) are based on my own interpretation and research of Gann.

Please don't be offended if I fail to provide a fully explained Gann version in a public forum (unlikely to happen).

Having a very strong mathematical background allows me to fully analyze time periods and generate prices in time charts with great accuracy.

These charts can be used for accurate trading of any TF from intraday to long term.

Successful trading is a journey of discovery, and my own research tells me that an excellent approach is to apply what works and discard what doesn't after completing a thorough, exhaustive process of testing and analysis.

Risk control and its rigorous application are a critical part of long-term successful trading.

Astrological Aspects (Toolkit for Advanced Traders):

Planetary movements and their alignments can provide some extraordinary predictive power in the trading space of many financial markets.

I advise the enthusiastic student to conduct an extensive study of astronomical cycles using both geocentric (Earth-centered) and heliocentric (Sun-centered) methods on multiple symbols over multiple time frames.

It's as simple as tracking the major phases with a Moon<>Earth<>Jupiter setup overlaid on a price chart, and then searching for major trend changes and how often, how often, and with what quality they occur.

NASA has multiple data sources available, which can be set up in any indicator and applied to MT4/MT5 or other platforms.

In order to successfully apply this to the markets, in-depth knowledge of astrology, planetary aspects, time cycles and mathematics is required.

The main aspects are as follows:

Conjunction = 0 degrees;
sextile = 60 degrees;
square = 90 degrees;
Trine = 120 degrees; and Opposition = 180 degrees

Gann Grid Crossover Zones (for advanced traders toolkit):
These zones are called GGZI, where the 2 Gann lines intersect the PA's previous symbol of respect for GG.

Strong movements from or toward these areas can be predicted because they act as strong attractive or repulsive forces.

Convergence setups on full moon dates may provide the most powerful short-term moves.

On the D1 TF, these moves usually consist of an "entry" bar followed by a "momentum" bar.

Vigilant traders applying reasonable risk to this setup can achieve significant gains in the short term.

Gann Angle (for advanced traders toolkit):

45, 60, 90, 120, 180, 240, 270 and 360 degrees.

Squaring the Circle (for Advanced Trader Toolkit):

The center of the circle is assigned the value 1, and the number continues outward clockwise in increments of 1.

Time Price Forecast (for Advanced Trader Toolkit):
In the QCS approach, we are most interested in predicting possible future turning points.

These areas may provide clues as to when you should take profits or when you can consider a new setup.

Convergence is the only basis of the QCS approach, as our trading philosophy is to form higher probability trade setups with favorable RR.

The use of Gann analysis complements the QCS methodology because historical turning points occur with astonishing accuracy.

Since the four candle system is mainly used for D1 TF trading, the use of Gann will be mainly used for D1 trading.

A range of projected dates will be provided in advance as a suggested future for possible turning point areas for PA.

Planetary longitude can be used in the process of leveling prices in time.

The planets involved in certain symbolic movements are:

Gold (Leo)
Saturn, Mars, Sun and Jupiter.

Silver (cancer)
Saturn, Venus, Sun, Moon and Mars.

currency
Care must be taken when applying planetary aspects and longitude to predict the prices of many currency pairs and their corresponding dates.

His best approach so far has been to dig into several years of high-quality historical data using planetary aspects and examine relevant as well as secondary relevant periods.

I use a purpose-built indicator that applies NASA data (several other sources also provide data of reasonable quality).

Traders have to invest a lot of time trying to master this area that mainstream traders simply don't understand.

I can assure all traders that it takes time to master this topic, but once understood it is very easy to apply and the information will be of great benefit to your trading performance in the medium to long term.

Ignored posts (leading to ignored traders):

Trader Posts chart shows:
MA,
relative strength index,
Smoothed Moving Average Convergence and Divergence,
stochastic indicator,
TDI,
CCI or
any other .

Informational indicators are the norm here, as opposed to "lagging" indicators, which must not be published because their value is zero.

"Traders" who post charts are classified as such and will be given the option to delete the post, after which they may.

My plan is to apply trading knowledge at a simple but effective level so that everyone can follow and trade the Four Candlestick System.

The knowledge gained from the above is simply to help the trader form an expectation of where the price is likely to go and then trade on the daily time frame based on how the price reacts, managing the trade throughout, applying sound risk management, protecting any floating profits and gaining as many pips as possible over the longer term.

I've been successfully trading the financial markets (multiple instruments) since the mid-1980s, so there's nothing I haven't seen.

Some tools may be written by myself in mql4 or mql5 or C++ or Python or MATLAB or other programming languages.

Forex retail trading is very different from forex institutional trading.

Retail traders are different from skilled professional traders.

As a Forex retail trader, the odds of continued success or overall success are very unfavorable to the trader.

Keep an open mind and remember that the system seeks long-term entries with typically larger pips, meaning setups will take longer to unfold as the market takes its typical roller coaster price trajectory in time.

If a trader is looking for very short-term scalping type trades, then this thread probably won't exist for you.

Respect your trading partners and be aware that this is an international community of traders.

Its purpose should focus on promoting the advancement of trading knowledge.

See this topic for a truly transparent trade setup as well as links to trade analysis software as I use this method to outline real trades.






good deal,

planner............