AlgoPro QuantX
Optimal Signals for a great Risk to Reward
Last updated
Optimal Signals for a great Risk to Reward
Last updated
AlgoPro QuantX was designed for the futures market, specifically NQ & ES, where there is less occurrence of overly extended trends in comparison to other markets like stocks, but can be leveraged and optimized to use across multiple markets and timeframes. The default settings of QuantX are set for NQ 5 Minute.
QuantX is a powerful trading tool designed to revolutionize how traders approach the market by leveraging a confluence of signals for precision entries. Unlike traditional systems that rely on singular trend following indicators, QuantX waits for multiple favorable conditions and trading concepts to align before triggering trades, ensuring higher confidence in each trade. By combining pure market dynamic functions from our Market Matrix plus QuantX concepts, it offers the flexibility to enter at optimal points — buying low and selling high — avoiding chasing trends or entering trades in the middle or premiums of trends, allowing traders to achieve excellent risk-to-reward ratios. Remember that it is always better risk management to be burnt buying the lows and selling the highs, than it is getting caught buying or selling at premium prices with a limited reward in comparison to your greater risk. The tool's unique ability to adapt to market conditions by waiting for optimal discount entry points makes it highly effective in reducing risk and maximizing profit potential. With QuantX, traders can navigate markets with a higher degree of accuracy and control.
The revolutionary aspect of AlgoPro QuantX lies in its ability to filter out noise and false signals by requiring a confluence of multiple indicators before making a trade. This enhances precision, ensuring that trades are only triggered when multiple favorable conditions align, which significantly increases the likelihood of success. Furthermore, giving traders the flexibility to wait for a breakout before entering a position adds an extra layer of control, allowing them to adapt to market conditions rather than relying solely on preset criteria.
This approach minimizes the risk of prematurely entering trades based on a single, potentially unreliable signal, and empowers traders with the option to time their entries based on market momentum. By combining multiple confirmations with breakout timing, the tool provides a much more strategic and adaptive trading experience, setting it apart from traditional trend following systems.
Entering trades at optimal times, such as buying low and selling high, allows for extremely favorable risk-to-reward ratios because it capitalizes on price movements that are already in your favor. When you enter at a low point in an uptrend (or high point in a downtrend for shorts), you're positioned early in the market move, giving your trade room to develop without having to risk a large portion of capital. This way, your stop loss can be placed relatively close to your entry, minimizing potential losses while allowing for significant gains if the trend continues.
In relation to most signals, which might trigger at less ideal moments—such as in the middle of a move or near market tops and bottoms—your strategy of entering at optimal points creates a larger "profit cushion." You're not chasing the price or reacting late; instead, you're anticipating the move when the conditions are right. This method of precision entry ensures that even small movements in your favor can yield considerable profits, with relatively low risk. In essence, the tighter risk management and larger potential rewards lead to a risk-to-reward ratio that is often significantly better than most typical signal-based strategies.
In QuantX, you have extensive control over how signals are generated and when trades are entered. You can set the number of confluence signals needed for both long and short entries, ensuring that trades are only triggered when enough favorable conditions are met. You also have the flexibility to define how long the algorithm will wait for these signals to align, giving you more control over timing.
For breakout or breakdown entries, you can enable or disable the requirement to wait for a trend breakout. The sensitivity of this breakout can be adjusted, allowing you to fine-tune how strong a breakout must be before entering a trade. Additionally, you can control how long the algo will wait for a breakout to occur as well.
Finally, after a trade is closed, you can manage how long QuantX waits before considering another trade with the cooldown setting, helping you avoid overtrading and giving the market time to reset. This high level of control ensures that QuantX operates according to your specific strategy preferences.
In QuantX, you can customize your take profit and stop loss settings to fit your risk management strategy. QuantX has three different styles of stop loss to choose from - Fixed Dollar Amount, Fixed Percentage, and Dynamic ATR. Each style ensures you're able to find the trading setup you desire for your trade. The Fixed Dollar & Percentage Stop Loss inputs allow you to set a fixed stop loss amount in dollars or percentage, ensuring that your risk is predefined for every trade. The ATR Stop Loss provides you the ability to let your stop loss and take profit adapt to the volatility of the asset - ATR also has a percentage input that places a cap on how high the ATR stop loss can be as a percentage of the entry price. This prevents setting an overly large stop loss during times of high volatility when using ATR. For example, when you're using ATR, with an ATR % Cap of 1% - no matter how volatile the asset is, the stop loss can never be larger than 1%. Additionally, with the Risk Reward Ratio input, you can set your desired risk-to-reward ratio for your take profit. For example, if your stop loss is set to $5 and your risk-reward ratio is 2, your take profit would automatically be set at $10, giving you a clear and consistent profit target. This setup helps maintain a disciplined approach to risk management while ensuring transparency in your trading decisions.
In QuantX, you have control over when trades are automatically closed and when trading is allowed during specific hours. The Close Trades At End of Session option lets you automatically close all open trades at the end of a trading session, ensuring that you don’t carry positions overnight or outside your desired trading hours. You can fine-tune this feature to specify exactly when the session ends, with minute adjustments available in 5-minute increments.
Additionally, the Time Filter function allows you to restrict trading to specific hours during the day. You can define the start and end times. This is particularly useful for controlling when signals are allowed to trigger, ensuring that trades only happen within your preferred time window.
The performance dashboard in QuantX provides a comprehensive overview of how the strategy is performing across several key metrics. It tracks your initial and current equity, displaying a clear multiplier that shows how much your equity has grown or shrunk. It also keeps a count of all trades, wins, and calculates the win rate, helping you assess the effectiveness of your strategy.
Additionally, the dashboard breaks down average performance per trade, win, and loss in percentage terms, giving you insights into how well your strategy performs on both winning and losing trades. QuantX also tracks the maximum drawdown in equity and trades, as well as the average monthly and annual returns.
The dashboard calculates the risk/reward ratio and determines the win rate required for profitability. It then compares your current win rate to the required rate, calculating a win rate differential. The more positive the differential, the more profitable the strategy is. Based on this differential, the strategy is assigned a grade, providing a quick visual measure of performance, with grades ranging from A to F. This detailed breakdown allows for an in-depth analysis of your trading performance, helping you refine and optimize your strategy.
We've designed the QuantX Algorithm to pair perfectly with our Market Matrix toolkit to provide a seamless, powerful trading experience.
If you see this following runtime error on your chart, it probably means your stop loss is too large for the asset you're on. Simply adjust you Stop Loss to fit the asset you're trading. You can also disable 'show take profit/stop loss' to debug.
