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Forex Trading Systems Installation Instructions. QQE Indicator Based Scalping or Day Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template. The essence of this forex system is to transform the accumulated history data and trading signals. The Quantitative Qualitative Estimation indicator (abbreviated QQE) is a mystery since nobody currently knows who its author is. Originally designed to create an indicator that is capable of signaling the trend while detecting overbought and oversold levels, the QQE consists of a smoothed version of the RSI on which two dynamic levels are calculated (Fast Trailing Level and Slow Trailing Level ). QQE Metatrader 4 Forex Indicator. QQE is short for Qualitative Quantitative Estimation and represents a Metatrader 4 forex indicator that uses the smoothed Moving Average of Relative Strength Index indicator. It’s an oscillator that tries to find discrepancies in which price forms a new maximum while overcoming the level of its previous maximum. How to trade with QQE and 100 EMA Forex Trading Strategy? Entry. The market should be on a bullish trend determined by price staying above the 100 EMA for quite some time; The QQE should be above the midline; Wait for the QQE to dip below 50 as price retraces; Enter a buy trade as soon as the QQE goes back above 50 QQE is an indicator, which can be installed in the terminal manually, as it is not included in the standard list. Although this indicator is rather complex in terms of settings and readings of the signals, it can be very helpful for finding entry/ exit points and displaying overall situation in the market at the certain time.
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