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Simple Forex Trading Strategy With QQE Oscillator

A simple basic trend following strategy anyone can learn to generate profits from forex trading.

It’s made up of an exponential moving average and a custom built oscillator for trade entry.

Chart Setup

Indicators: 100 Period Exponential Moving Average, QQE.ex4 (oscillator)
Preferred time frame(s): 15 min and higher
Trading sessions: any
Preferred Currency pairs: any

Download

Download the Simple Forex Trading Strategy With QQE Oscillator.

Example: EUR/USD H1 Chart

simple-winning-forex-strategy

As shown in the EUR/USD chart above, this strategy generated 3 profitabele buy signals in the uptrend in the EUR/USD pair.

Trading Rules

Buy Trade:

  • Price above the 100 EMA (uptrend)
  • QQE crosses back above 50 line from below

==> Open buy trade and place stop-loss below the most recent swing low level.

Price Target: Use risk-to-reward at least 1:2 (i.e. risking 50 pips to make 100), or any other profit taking method you feel more comfortable with.

Sell Trade:

  • Price below the 100 EMA (downtrend)
  • QQE crosses back below 50 line from above

==> Open sell trade and place stop-loss above the most recent swing high level.

Price Target: Use risk-to-reward at least 1:2 (i.e. risking 30 pips to make 60), or any other profit taking method you feel more comfortable with.

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