QQE Smoothed Forex Indicator System QQE Smoothed Forex Indicator System

The QQE Smoothed Forex Indicator System is a customized trend following strategy.

It contains the following indicators: Period 11 and 25 Exponential Moving Average, QQE PCM Smoothing and RVI CFB Adaptive.

This indicator system is suitable for various time frames and currency pairs.

How does it work? How to apply during transaction?

Trading rules description

Buy Entry

Open a long trade when the following conditions are met:

• The 11-period moving average crosses above the 25-period moving average;
• QQE PCM smooth signal value exceeds 50 levels;
• RVI CFB adaptive value exceeds 50 levels;
• Place your stop a few pips below the last swing low.

Sell ​​Entry

A short trade is opened when the following conditions are met:

• The 11-period moving average crosses downwards the 25-period moving average;
• QQE PCM smooth signal value is lower than level 50;
• RVI CFB adaptive value is lower than level 50;
• Set your stop a few pips above the last swing high.

Exit trade/take profit

Close your open positions when a contrary signal occurs, or use your preferred trade exit method.

As always, for best results, remember proper money management.

How to set up a Forex trend and breakout indicator system in MT4?

Files Included

Indicators:

• QQE Pcm smoothed new histo +alerts.mq4
• QQE Pcm smoothed new history +alerts.ex4
• Jurik cfb Rvi on AdaptiveCorrect.mq4
• Jurik cfb Rvi on AdaptiveCorrect.ex4

Templates:

• QQE smoothing foreign exchange system. tpl

Installation Guide

Copy and paste the Forex indicator file into the MQL4 folder of the Forex MT4 trading platform.

You can open this folder by clicking on the top menu option as shown below:

File > Open data folder > MQL4 > mt4 indicator (paste here).

Likewise, copy and paste the Forex template file into the Templates folder.

Now, right click on the mt4 chart and hover your mouse over Templates . You will be shown a list of available indicator systems; left-click on the name of the template you want to run.

Bottom Line

The QQE Smoothed Forex Indicator System is worth adding to your Forex trading collection, but remember to have realistic expectations. Also consider the trend strength indicator. Like any other Forex technical analysis tool, it cannot always provide accurate Forex signals. Therefore, it occasionally gives false entry signals. In addition, its results will vary significantly based on market conditions.

QQE Smoothed Forex Indicator System Free Download