Forex Indicators Trend Following Strategy
This is a trend following strategy that uses 1 hour timeframe or higher.
Forex Indicators needed:
- MACD Traditional (default)
- Stochastic (20, 5,5)
- CCI (20)
- QQE (20)
- Slope Direction, suggested is 20,2,0.
Note: Slope direction blue= long, red = short.
For Buy:
- Enter position when 3 or 4 indicators show there signals are in agreement with the slope direction.
- MACD long signal = MA must cross below the 0 line and 1 histogram above the 0.
- Stochastic long signal = must cross below the 20.
- CCI long signal = line crossed the 0 line.
- QQE long signal = RSI must cross above the ATR.
For Sell:Â
- Enter position when 3 or 4 indicators shows there signal and agree with the slope direction.
- MACD short signal = MA must cross above the 0 line and 1 histogram below the 0.
- Stochastic short signal = crossed above the 20.
- CCI short signal = line crossed the 0 line.
- QQE short signal = RSI crossed above the ATR.
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