Forex trend momentum trading with “EMA Donchian Channel QQE ADV System” – This high accuracy trading system has a simple plotting of highest high and lowest low of the last “n” periods. The “n” periods is based on the trader’s choice, who can select the period according to their requirements ranging from a day, hour and minutes etc.
Traders use Donchian Channels to understand the support and resistance levels.
- Time Frame: H4 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- EMA
- Donchian Channel
- EMA Crossover
- QQE ADV
BUY Rules
- EMA: Red line > Blue line
- Donchian Channel: Price break the upper line
- EMA Crossover: Blue arrow below the previous swing low
- QQE ADV:
- Blue line > Red line
- Above level 55 line
SELL Rules
- EMA: Red line < Blue line
- Donchian Channel: Price break the lower line
- EMA Crossover: Red arrow above the previous swing high
- QQE ADV:
- Blue line < Red line
- Below level 45 line