EXIT: If
QQE 60 cross to the opposite direction
Stop Loss:
Intial stop loss has to be placed 10pips below the two Level stop reverse indicators. You can move the Stop loss to break even when the price move 60 pips +.
Best Times to trade :
After 01.00AM EST( 06.00GMT) to 11.00AMEST(16.00GMT)
Things to remember:
Before you enter a trade, please check for a good profit to loss ratio to the next support or resistance level (TP level). If not do not take the trade..
This system is not the holy grail in Forex. There will be many losing trades during the ranging markets.. Always make sure to secure some pips every 30 to 40 pip move and move your stop loss forward.
This strategy is developed only for GBP/JPY pair. However there are some trader who use different settings on the same strategy for other pairs. You are more than welcome to experiment things.
You must not trade this strategy until you are fully comfortable trading this on a demo account.. There are manymore things such as indicator behaviors, timing etc etc you will learn only by studying the price action on your own charts..