643# QQE ARR Trading System
QQE with RSI filter
Submit by Tino 20/07/2015
QQE ARR Trading System is a simple trend strength strategy based on the QQE Arr indicator. The QQE arr is a variant of the QQE Indicator. The QQE is a indicator based on Welles Wilder’s RSI. QQE is based on a smoothed RSI value and the smoothed RSI is plotted. Then, the absolute value of the change in smoothed RSI values from bar to bar is calculated and averaged twice. This double-smoothed value is then multiplied by two user-specified constants to create two additional lines that are also plotted (SlowTL and FastTL).
Time Frame 30 min or higher.
Financial Markets: Commodities ( Gold, Silver and Oil), Indicies, Forex.
RSI filter (14).
Trading rules QQE ARR Trading System
1 Step open 4H charts or higher depends by time frame and find the currency, index or commoditie in trend.
2 Step open chart 30 min or 60 min time frame and apply the template.
3 trades only in the direction of the trend.
The green arrow of QQE arr is confirmed by RSI Filter with blue bar.
The red arrow of QQE arr is confirmed by RSI Filter with red bar.
Exit at opposite arrow place stop loss at the previous high/low.
Advantage:this forex strategy is very simple and clean.
Disanvantage: Profitability is between 53-60%.
This idea of trading can be improved with a filter or a filter system best because QQE arr is a good indicator.
In the pictures QQE ARR Trading System in action.