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QQE Flat M15 Trading Strategy is a scalping strategy designed for intraday traders. It is implemented using a single indicator, convenient, and easy to use. This strategy uses the QQE New Histo indicator as a determining link in the search for signals.
The indicator histogram is used for multifactorial trend assessment: using the points of intersection of the indicator’s slow line with the balance line; if the movement is from bottom to top, the trend is upward; if from top to bottom, it is a downward trend.
While the histogram is green - buyers dominate the market, red indicates that the bears are stronger. If a single bar of a histogram changes color, then this fact does not mean a trading signal. It is only a notification that during a selected period, a certain group of players tries to dominate. Only after the appearance of several consecutive bars, reliable entry points will be highlighted by arrows of the corresponding color and direction.
Indicator settings
This system uses the standard settings of the QQE New Histo indicator: TimeFrame = current, SF = 5, RSIPeriod = 14, WP = 4.236, UpperBound = 60, LowerBound = 40.
Conditions for opening long positions
When these conditions are met, a BUY deal is opened.
- QQE Flat M15 involves closing the transaction on the opposite condition when a Sell signal occurs.
Conditions for opening short positions
When these conditions are met, a SELL deal is opened.
Conclusion
Since the QQE Flat M15 strategy involves closing the position on the opposite signal and is scalping in itself, we recommend using small volumes of deals. Observe clear risk control when working with this strategy.
