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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