XPS V7 QQE Forex Scalping Strategy

Trading Strategies 0 611


Summary : 

XPS V7 QQE Forex Scalping Strategy is a scalping strategy based on the trend. XPS V7 QQE Forex Scalping Strategy has 2 setups for trading conservative and aggressive.

 

Metatrader Indicators : 

- Moving Average (4, simple, close)

- Moving Average (16, exponential, close)

- Moving Average (96, exponential, close)

- SDX TZ Pivots.

- Arrow= EMA 13, EMA 21, RSI 9.

- XPS V7 QQE Alerts (SF 4, RSI 2, WP 1.236, Upper Bound 60, Lower Bound 40).

 

Trading Conditions

 - Chart Timeframe : 15 Minute, 30 Minute.

 - Currency Pairs : EURUSD, USDCHF, USDCAD, GBPUSD, EURJPY, GBPJPY

 - Sessions : London, New York.

 

<<Conservative Trading>>

- Trade only in the direction of the trend.

- The trend is determined by EMA 96.

- Open 4 Currency Pairs Chart at 15 min, Open 6 Currency Pairs Chart at 30 min.

 

Long Position Entry : 

1.     Buy Arrow must appear.

2.     Price Above MA ( 4SMA > 16EMA > 96EMA)

3.     XPV 7 Dodger Blue Bar.

 

Short Position Entry : 

1.     Sell Arrow must appear.

2.     Price Above MA ( 4SMA < 16EMA < 96EMA),

3.     XPV 7 Gold Bar.

 

Exit Rules : 

- Profit Option : Opposite arrow or at the SDZ TZ Pivots Level

- Stop Loss Option : at the previous swing

 

<< Aggessive Trading>>

- Open 4 Currency Pairs Chart at the 15 min or 30 min timeframe.

- Trade only in the of the XPS V 7 with fast profit target.

 

Long Position Entry : 

1.     Buy Arrow confirmed by XPV V 7 that crosses upward.

2.     XPV 7 Dodger Blue Bar.

 

Short Position Entry : 

1.     Sell Arrow confirmed by XPV V 7 that crosses downward.

2.     XPV 7 Gold Bar.

 

Exit Rules : 

- first level of the SDX TZ Pivot.

 

How to install Files?

- Download *.zip file.

- Copy tpl file (Template) to your Metatrader Directory / templates /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Template

- You will see Trading System strategy is available on your Chart

List