QUASIMODO FOREX STRATEGY
-
HELLO GUYS CAN ANYONE PUT THE CONCEPT OF QUASIMODO TRADING INTO AN INDICATOR OR EA
-
@bombs Some more info would certainly help. Could you please explain what is that exactly?
-
Quasimodo is a reversal pattern forming at the end of a solid trend.
Bearish Quasimodo
A bearish QM occurs at the end of an uptrend and signals the formation of a new downtrend. It consists of three peaks (a head in the middle and two shoulders at the sides) and two troughs. The second peak (head) is the highest, and the second trough is the lowest. -
-
I understand what you are trying to do, a bit complex yes, maybe with indicators let's say it is impossible to do it perfectly as you have indicated in the picture than to operate SMC manually, I am doing a ''similar'' based on wyckoff but some things manually I have to do like plotting the SAD zones, and it does the rest by itself
-
Additionally, you will need several variables to control all that info. This is not a trivial EA to implement.
-
@BOMBS did you find did this because I need help in it
-
@heppbraian can u help me in this
-
HELLO GUYS CAN ANYONE PUT THE CONCEPT OF QUASIMODO TRADING INTO AN INDICATOR OR EA!
-
SMC strategies are almost impossible to recreate on EA, even for real programmers!
-
@Alex81
I don't even believe it is a valid strategy. -
Can we use the Zig Zag indicator in this strategy?
-
@A7 the zig zag will give you false signals when liquidity is being run midway through the trend..
QML/MSS/CHOCH is 5 point reversal pattern
The problem is coding context into an EA..
-
@DG8805 Yes, you're right.
-
@DG8805 what zigzag settings are you using ?
-
@MattCoward I don't use it particularly, just applied it to that current chart to show an example of what I meant .. the zig zag can be adjusted to suit how you view swing points but at the same time it may not identify a swing that you would or it would identify a swing which you won't consider swing...
The problem I believe, from my short time trying to put my ideas into an ea.. is that there is no actual single variable or set of variables that repeat consistently enough to be profitable if coded into an ea, if price printed in sequence a repeating set of variables that yielded a specific outcome, then someone would have already identified this and created the money printing ea we all are searching for
this leads me to believe that profitability from an ea lies not so much in the entry confirmation but rather the way risk is applied and running trades are being managed.
-
Hola, aqui les comparto Mi EA Quasimodo que hice siguiendo un tutorial, si alguien en este foro quiere contribuir a mejorarlo, por favor compartan sus avances...
-
@BOMBS send PDF i will help you
-
The Main Issue with this strategy is finding the actual reversal point, which in the market is impossible, without human factor involved, QM occurs alot in the market but up to 70% are false thats just my observation, but if you can pair with Higher TF Structure somehow, you may stand a chance, good luck
-
I did it as an alert system instead that way i can analyse the market instead of letting the bot take the trade
