Best Forex Trading Software – QQE MetaTrader Indicator and Basic Profitable Forex Trading System

QQE MetaTrader indicator — or Quantitative Qualitative Estimation, is based on a rather complex calculation of the smoothed RSI indicators. As a result we get 2 lines in a separate indicator window — fast and slow.

 
There is also an important indicator level (50), which is used in signals. You can enable text, sound and e-mail alerts for this indicator. The indicator is available for both MT4 and MT5.

 

QQE Input Parameters:

 

  • SF (default = 5) — a smoothing factor.
  • AlertLevel (default = 50) — indicator level for alerts. It’s not recommended to change it.
  • MsgAlerts (default = true) — if true, message alerts will appear.
  • SoundAlerts (default = true) — if true, sound alerts will be used.
  • SoundAlertFile (default = “alert.wav”) — a file name of the sound of sound alert.
  • eMailAlerts (default = false) — if true, e-mail alerts will be sent according to the MetaTrader e-mail settings.
Recommended Article:  How to Maximize Profit and Minimize Loss in Forex Trading with Forex Trend Channel Trading System

 

 

In the original QQE indicator trading system, the signals are generated when the blue line crosses level 50 and when it crosses the yellow (dotted) line.

But I recommend using the following signals for trading: go long when the blue line crosses yellow line from below while both are below level 50; go short when the blue line crosses yellow line from above while both are above level 50.


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