Trend Momentum With QQE Forex Scalping Strategy

January 29, 2017

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Trend Momentum With QQE Forex Scalping Strategy

This is a scalping strategy that is useful on a 5-minute and 15-minute timeframe. This is applicable on London and New York sessions. This works in all major currency pairs, gold, and commodities. trading with gold requires 15-minute and higher timeframe. take note that you must avoid trading the news.

Metatrader Indicators:

QQE (setting: current time frame, smoothing 30 periods);
free scalping system indicator ( intensity 50);
MACD Colored (12, 26, 1);
Color MA ( 34, 1,),
SDX-Tz Pivots;

Buy Entry:

QQE green line must cross upward the red line.
Free scalping system indicator with a green bar.
Histogram MACD is above zero line.
Color MA line is color green.

Sell Entry:

QQE green line must cross downward the red line.
Free scalping system indicator with a red bar.
Histogram MACD is below zero line.
Color MA line is color.

Exit position:

when color MA changes color.
Take a profit at the level of the pivot line.
The ratio of stop loss is 1:2.
Target profit on 5 min (7-12) pips, 15 min ( 9 -15) pips.
Place an initial stop loss on the previous high/low swing.

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