Q Forex Scalping Trading Strategy

The Q forex scalping trading strategy is a strategy that delivers on its promise of churning profits, which is made possible via the combination of custom indicators.

As a scalping strategy, it ensure that you don’t get trapped in trades for too long, since it locks into profits within the shortest possible time.

Chart Setup

MetaTrader4 Indicators: ChandeQStik_v1.ex4 (Input Variable modified; Length=28), AMA_optimized.ex4 (Input Variable modified; periodAMA7)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute

Recommended Trading Sessions: London and New York

Currency Pairs: Any pair with low spreads (maximum 4 pips)

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Download the Q Forex Scalping Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If the blue dotted line of the AMA_optimized.ex4 custom indicator is positioned somewhat below the candlesticks (refer to Fig. 1.0), price is said to be on its way up, hence a signal to enter long position(s).
  2. If the histograms of the ChandeQStik_v1.ex4 custom indicator aligns above the 0.00 signal level as shown on Fig. 1.0, the sentiment in the market is said to be bullish, hence a buy entry is highly recommended. During bullish trends the histograms usually starts off as light blue, orange histograms above the 0.00 level is just signaling bears pressure in an overall bulls market.

Stop Loss for Buy Entry: Place stop loss 2 pips below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following holds sway:

  1. If during a buy signal the blue dotted line of the AMA_optimized.ex4 custom indicator is replaced with a red dot, it is a pointer to bulls exiting the market, hence an exit or take profit is advised.
  2. If the histograms of the ChandeQStik_v1 custom indicator readjust to form below the 0.00 signal level, it is a trigger to exit or take profit at once.

Sell Entry Rules

Enter a sell order if the following rules or conditions take center stage:

  1. If the red dotted line of the AMA_optimized.ex4 custom indicator is positioned somewhat above the candlesticks as shown on Fig. 1.1, price is said to be on its way down, hence a signal to go short on orders.
  2. If the histograms of the ChandeQStik_v1 custom indicator aligns below the 0.00 signal level as shown on Fig. 1.1, the sentiment in the market is said to be bearish, hence a sell entry is highly recommended. During bearish trends the histograms usually starts off as orange, light blue histograms below the 0.00 level is just signaling bulls pressure in an overall bears market.

Stop Loss for Sell Entry: Place stop loss 2 pips above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following indicator or chart pattern gets displayed:

  1. If during a sell signal the red dotted line of the AMA_optimized.ex4 custom indicator is replaced with a blue dot, it is a pointer to bears exhaustion in the market, hence an exit or take profit is advised.
  2. If the histograms of the ChandeQStik_v1 custom indicator readjust to form above the 0.00 signal level, it is a trigger to exit or take profit at once.

Sell Trade Example

Fig. 1.1

Free Download

Download the Q Forex Scalping Trading Strategy

About The Trading Indicators

The AMA_optimized.ex4 custom indicator is a trend indicator that is built on the moving average. Its dotted blue line represent a bullish trend, while the dotted red line signals a bearish trend.

The ChandeQStik_v1 indicator for MT4 is a brainchild of Tushar Chande, designed to define the strength and weakness of a security over ‘n’ period of time.

This indicator typifies the moving average of the difference between the security’s opening and closing price.

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