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Please comment on my forex trading system!

suredollars · 19 · 5841

beast_master

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hi lightwind,

so what does the QQE indicates? is this a momentum indicator?


Lightwind_99

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yup QQE is a momentum indicator, it's basically an RSI but smoothed in order we don't get that sudden jolts that proves to be false signals.
as far i have been experimenting with tons of indicators, this is one among my faves.
however as with other indicators QQE has slight lag unlike its original basis the RSI.
I'm hoping i could get inputs from members here who studies indicators that could augment QQE's lack and able to come up with a better modification.


beast_master

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^^ Is this a custom indicator? do you have screenshots of your successful trades using the QQE?


Lightwind_99

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Yes its an mt4 custom indicator, so far i started using this yesterday on demo after i scrapped my earlier experiments using other indicators on Monday. Coping how to compromise the lag and noticing reversals using this indicator with other indicator was difficult.
there were two trades on friday with .10 lot on 50K equity demo trade. it was Manual trading on USDCAD AND GBPJPY, i used 4hr TF. Fridays volatility was low but i was able to garner a total of 93pips for the day. It ain't much but i could have let it stand for daily trade then would have garnered bigger pips but i don't have that kind of time waiting since it was manual.

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« Last Edit: Jun 21, 2008, 10:01 PM by Lightwind_99 »


 


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