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QQE Envelopes Forex Trading Strategy

We could use the QQE indicator as an exit trigger. If the blue line of the QQE custom indicator crosses the 50 level upward, it is an indication that price is pushing its way upward and as such a bullish trend is on course. These four technical indicators will guide you to make better trading decisions. This allows traders to execute automatically as the market presents opportunities. For this reason, we will not be setting a target that is too high. What we should be looking for is a crossover between the fast dashed line and the slow solid blue line QQE lines.

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This gives us an idea of the general trend for the day. However, these rules are just a prerequisite for us to enter a long trade. What we should be looking for is a crossover between the fast dashed line and the slow solid blue line QQE lines. This would be the trigger for us to enter the trade. In the picture below, you would see an example of the solid blue line crossing over the dashed line, with all the other rules satisfied.

Buy setups should look somewhat like the setups above. The entry candles are at the QQE crossover point and the stop losses are just a few pips below the entry candles. The trigger would also be a crossover of the two QQE lines. We will be entering the sell trade as soon as the solid blue line crosses the dashed line going down. Because the trade is based on entering the market at an already established thrust, the room for movement is somewhat lessened as compared to entering at the actual reversal point.

For this reason, we will not be setting a target that is too high. However, since this is a trade already confirmed by the QQE indicator, the win rate ratio would be a little higher. Some traders might find the 1: No need to fret though, there is another way we could exit our trades and hopefully at a profit. We could use the QQE indicator as an exit trigger. Our exit trigger will be based on the curling back of the slower solid blue line QQE line.

As soon as we notice the blue line curling against our trade, then we should close our trade. This type of strategy is a strategy that waits for a confirmation of the reversals prior to the entry. Notice how the entries on the sample trades above are just continuations of thrusts.

These entries are not the actual reversals but are entries already confirmed by the QQE indicator. However, entering on a confirmed thrust lessens the risk of a fake reversal. In fact, this type of strategy could be programmed into a computer algorithm. This will allow the trader to trade all opportunities presented by the market. With regards to the take profits, you may have three choices here.

One, is to use the 1: This is more conservative since the take profit targets are not that hard to hit. It is also sensible, since we are entering an already established thrust. Another option would be to use the QQE indicator as the exit trigger. This allows the trader to gain more pips on big thrusts. The Zig and Zag is just another version of the popular ZigZag.

Although, not necessarily an indicator, it is usually employed in filtering out smaller price actions. The Zig and Zag tries to determine support and resistance levels, typical chart patterns i. The calculation for the […].

The workings of the PVT indicator is similar to those of the Balance Volume indicator and shows the growing summation of the trade volume relative to the altering prices. The Price and Volume adds and […]. The CCI indicator in its original design is tailored to aid traders spot when a market is overbought or oversold, and it expected to see a directional […].

The […] Continue reading. What we get is a percentage that reveal where […] Continue reading. Chartist use this method in technical analysis to define if the market is in an upward or downward trend and also gauge the intensity […] Continue reading. The calculation for the […] Continue reading.

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QQE New Indicator represents an updated version of the popular indicator of quantitative and qualitative evaluation of the results of trading on the currency market QQE, which is also based on the testimony of the smoothed standard indicator RSI. QQE Indicator Based Scalping or Day Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template. The essence of this forex system is to transform the accumulated history data and trading signals. QQE Filter MTF Forex Trading System is a combination of Metatrader 4 (MT4) indicator(s) and template. The essence of this forex system is to transform the accumulated history data and trading signals.