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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.

Trading NOTES

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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


  • 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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