The QQE Smoothed Forex Indicator System is a custom trend-following strategy.
It comprises the following indicators: period 11 and 25 Exponential Moving Averages, QQE PCM Smoothed, and RVI CFB Adaptive.
This indicator system fits all kinds of timeframes and currency pairs.
Trading Rules Explanation
Buy Entry
Open long trade when the following conditions are met:
Sell Entry
Open short trade when the following conditions are met:
Exit Trade / Take Profit
Close your open position when the opposite signal appears, or use your preferred method of trade exit.
As always, to achieve the best results, remember about proper money management.
Files Included
Indicators:
Templates:
Installation Guide
Copy and paste forex indicator files into the MQL4 folder of the forex MT4 trading platform.
You can open this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 >mt4 Indicators (paste here).
Similarly, copy and paste the forex template file to the Templates folder.
Now, right-click on the mt4 chart, and hover over Templates. You will have shown a list of available indicator systems; left-click the template name you want to run.
The QQE Smoothed Forex Indicator System is worth adding to your forex trading collection but remember to have realistic expectations. Like any other forex technical analysis tool, it cannot always provide forex-accurate signals. Thus, it will give false entry signals occasionally. In addition, its performance will change significantly depending on market conditions.
Read MoreForex Shark Ultimate Trend Signals Indicator For FREE Download
Forex trading can be a complex and challenging endeavor, but with the right tools, it can also be highly profitable. One such tool that is widely used by forex traders is the MetaTrader 4 (MT4) platform. This platform offers a wide range of indicators that can help traders make informed trading decisions. In this article, we will explore the top 5 forex indicators for MT4 and provide a comprehensive guide on how to use them effectively.
The Moving Average indicator is one of the most popular and widely used indicators in forex trading. It helps traders identify the overall trend of a currency pair. The MA indicator calculates the average price over a specific period of time and plots it on the chart. Traders can use the MA indicator to determine whether the market is trending up or down. When the price is above the MA line, it indicates an uptrend, and when the price is below the MA line, it indicates a downtrend.
The Relative Strength Index is another popular indicator used by forex traders to identify overbought and oversold conditions in the market. The RSI indicator measures the strength and speed of a price movement and plots it on a scale of 0 to When the RSI is above 70, it indicates that the market is overbought and a reversal may occur. Conversely, when the RSI is below 30, it indicates that the market is oversold, and a reversal may also occur. Traders can use this information to enter or exit trades at optimal levels.
Bollinger Bands are a volatility indicator that consists of a moving average line and two standard deviation lines. The bands widen when the market is more volatile and narrow when the market is less volatile. Traders can use Bollinger Bands to identify potential price breakouts or reversals. When the price touches the upper band, it indicates a potential reversal to the downside, and when the price touches the lower band, it indicates a potential reversal to the upside.
The MACD indicator is a trend-following momentum indicator that helps traders identify potential buy and sell signals. It consists of two lines the MACD line and the signal line. When the MACD line crosses above the signal line, it generates a bullish signal, indicating a potential buying opportunity. Conversely, when the MACD line crosses below the signal line, it generates a bearish signal, indicating a potential selling opportunity. Traders can use the MACD indicator to confirm the strength of a trend and make more accurate trading decisions.
The Fibonacci Retracement tool is based on the Fibonacci sequence and is used to identify potential support and resistance levels in the market. Traders can use this tool to determine where the price is likely to reverse or continue its trend. The Fibonacci levels act as potential price targets or areas of interest for traders. The most commonly used Fibonacci levels are %, 50%, and %. Traders can use these levels to set entry and exit points for their trades.
In conclusion, the MetaTrader 4 platform offers a wide range of forex indicators that can help traders make informed trading decisions. The Moving Average, Relative Strength Index, Bollinger Bands, MACD, and Fibonacci Retracement are among the top 5 indicators used by forex traders. Each indicator has its own unique characteristics and can be used in conjunction with other indicators to improve trading accuracy. It is important for traders to understand how to use these indicators effectively and incorporate them into their trading strategies. By doing so, traders can increase their chances of success in the forex market.
Moderator: admin
by menberfxcode » Mon Feb 06, am
Return to Indicator and Signal Requests
Users browsing this forum: Bing [Bot], Google [Bot] and 8 guests
30Jan
ByAlexFX
In the dynamic realm of cryptocurrency trading, success hinges not only
Read More21Dec
ByAlexFX
Navigating the Forex markets demands keen insights into trends, a critical
Read More18Dec
ByAlexFX
The Moving Average Convergence Divergence (MACD) has a storied history in
Read More14Dec
ByAnastasiia
Volatility indicators are like traffic lights. Traffic lights tell you when
Read More05Dec
ByAlexFX
In the complex world of forex trading, understanding the relationships between
Read More28Nov
ByAlexFX
Navigating the dynamic expanse of TradingView, a robust online platform, unveils
Read More10Nov
ByAlexFX
Trading in the Forex market isn't confined to trend identification alone,
Read More01Nov
ByEvgen
Navigating the dynamic terrain of Forex trading necessitates a robust technical
Read More31Oct
ByEvgen
In the world of forex trading, which involves the global exchange
Read More28Oct
ByEvgen
The forex market is a dynamic and ever-evolving landscape, offering traders
Read More25Oct
ByEvgen
The realm of forex trading is a constantly shifting and multifaceted
Read More18Oct
ByAlexFX
In the world of Forex trading, the right tools can make
Read More25Sep
ByAlexFX
Description of Candlestick Patterns Candlestick patterns are a fundamental tool in technical
Read More06Sep
ByAlexFX
Description Dive into the depths of the BOS and CHOCH Trading Strategy
Read More04Sep
ByEvgen
In the world of finance, Pivot Points are a powerful tool
Read More21Aug
ByAlexFX
The year offers exciting opportunities for traders, and using the
Read More01Aug
ByAnastasiia
Forex trading has become increasingly popular othe years, attracting individuals eager
Read More19Jul
ByPlatinumTrader
Finding advice and staying informed is essential in today’s volatile Bitcoin
Read More14Jul
ByPlatinumTrader
Traders utilize forex indicators as instruments for market analysis and to
Read Moreаналитика форекс gbp кaртa мирa форекс вспомогательные индикаторы форекс как платят налоги трейдеры валютного рынка форекс лучшие индикаторы для входа индикаторы измерения температуры щитовые дмитрий котенко форекс клипaрт для форекс имхо на форексе дц форекс брокер отзывы безрисковая комбинация форекс индикаторы рынка ферросплавов