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50 EMA Channel Trading System with QQE ADV Indicator


QQE (Quantitative Qualitative Estimation) is based on a rather complex calculation of the smoothed RSI indicators. As a result we get 2 lines in a separate indicator window — fast and slow. There is also an important indicator level (50), which is used in signals.

This “50 EMA Channel Trading System with QQE ADV Indicator” is trending strategy based on more trend and momentum indicators.

  • Time Frame: M15 or higher
  • Currency Pairs: Any

 

MetaTrader Trading Indicator
  • 50 Channel EMA
  • Bands level (26, 2)
  • Exponential moving average (50, high) EMA
  • Exponential moving average (50, low) EMA
  • Candle time spread
  • QQE ADV indicator
  • Booster power indicator
  • THV Trix Called

 

BUY Rules

Trading NOTES

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  • Price closes above the 50 Channel EMA
  • The green line QQE ADV crosses red line from below
  • THV Trix Called green color line
  • The green line Booster Power crosses red line from below while the green line is above 0 level

 

SELL Rules

  • Price closes below the 50 Channel EMA
  • The green line QQE ADV crosses red line from above
  • THV Trix Called red color line
  • The green line Booster Power crosses red line from above while the green line is below 0 level

 

Trading NOTES
  • Trades only in the direction of the trend
  • The Trend is determined by channel 50 EMA = green line BUY, red line SELL and at least three indicators should be consistent with the trend
  • Exit position is discretionary with Risk Reward Ratio 1:2 or 1:3
  • Place stop loss on the previous swing

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READ  Forex Elliott Wave Prophet RSI Trading System

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