Supernova Forex Trading System
The supernova is a trend following forex strategy. It means that you only have to trade in the direction of the trend. This method is useful to a 15-minute timeframe or higher and works in all currency pairs.
Metatrader Indicators:
- DMI (14) for time frame 15min DMI (13) time frame higher;
- HA;
- QQE (4)
- Momentum (10)
- QQE alert v.3
- Parabolic Sar alert
Long Entry:
- The D+ is greater than 25.
- The momentum is greater than 10.
- HA blue
- The QQE crosses above its moving average and Parabolic is yellow.
Short Entry:
- The D- is greater than 25.
- The momentum is less than 10.
- HA red
- The QQE crosses above its moving average and Parabolic is magenta.
Exit Position:
- place stop loss at higher or lower previous of entry;
- trailing stop
- Set target profit
- QQE alert reversal signal.
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