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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.