This is a very simple trend following strategy that works for H4 and Daily (high time frame).
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- Use a demo account or a small live account first to practice this trading system
This trading system is based on indicators MACD and QQE as entry filter and Forex Trend V1 and GSOH2 as indicators that generate BUY and SELL signals.
The purpose of this strategy is to make a gain of 500 – 700 pips per trade depends on the pairs.
- Time Frames: 4H, daily and weekly
- Currency Pairs: GBPUSD, EURUSD, and USDJPY
- QQE
- MACD (10, 30, 9)
- Forex Trend V1
- GSOH2
- Forex Trend V1 blue line above the red line
- GSOH2 BUY arrow
- MACD red line crosses upward and above the yellow line
- QQE bullish (the yellow line above the blue line)
- Forex Trend V1 blue line below the red line
- GSOH2 SELL arrow
- MACD red line crosses downward and below the yellow line
- QQE bearish (the yellow line below the blue line)
- Initial stop loss 200 pips or below the previous swing low (for BUY) and above the previous swing high (for SELL)
- Profit target 500-700 pips
This is a winning strategy that can be applied to many charts at the same time and takes 15 minutes per day.
This trading system applied at the weekly time frame is good for managed funds.