The 25-year-old was released by AFC Bournemouth in the summer after scoring five goals in 19 appearances last season while on loan at Coventry.
McQuoid’s Sky Blues spell was one of four temporary moves he has made during his career so far, following stints at Peterborough, Burnley and Millwall, so he is delighted to have some stability in his career now.
He said: “It was nice to find that (three yearl deal) and shows the trust in me they’ve got as it’s a good chance for me.
“It’s always difficult when you’re on loan as you have to go in and you don’t really know anyone.
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“You don’t have that much time to settle in and maybe sometimes you get treated a bit differently if you’re a loan player.
“Maybe you don’t get the chances you should do, so it’s a difficult one, but it’s definitely nice to get somewhere, get settled and get a full season under my belt.”