Quote:
Originally Posted by lepiricus
The system uses 2 indicators. The QQE and a 5 period simple moving average
The QQE is used in the 30min and 60 min Time frame. The smoothing factor is 5. The 5 period SMA is used in 30 min TF purely for entrys and exits
When the 30m and 60m QQE crossovers agree I enter the position when price pulls back to the 5 sma. Waiting for the pullback will get you in the position at a better price usually than just jumping in.
For exits, there are 3 ways to exit. Stopped at -100 pips, TP at 150 pips or exit on a 30min QQE crossover the opposite direction and then waiting for a pull back to the 5sma to exit at a better price.
When trading this manually I will enter and exits on 5 sma pullbacks if I have time to sit in front of the PC, but without fail I get signals when I am sleeping and have them texted to my cell phone. I'll often just enter the market without waiting for a pullback in those cases, but If I wait for 5sma pullbacks to enter and exit I can get better prices probably 80% of the time.
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Nice, clear definition of rules. I can definitely program your EA with these rules. First version will probably be without pullback. If the EA proves potentially profitable, I will add a selectable option to wait for pullbacks.
Quote:
Originally Posted by lepiricus
I also know that using a 100 pip trailing stop results in a greater profit factor instead of a 100 pip flat stop. But I guess these are things that can be programmed in an EA.
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This can be expected in at least the 2nd version of the EA. Possibly the first if I have enough time.
I'll probably start programming tonight, but I don't have a lot of free time for the next few days, so it may take a little while for me to get around to this.
-MRE-