Trend Following trading system for GBPUSD

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This is a trading system with a lot of different indicators. We need two graphics for analysis and few minutes to open order.

Settings

  • Pairs: GBPUSD, EURJPY, EURUSD, AUDUSD
  • Timeframes: H4 (determining the trend), M5
  • Indicators: QQE, QQE MTF, EMA, CCI, MACD, Fx TrendBand
  • Daily goal: 20 pips

Rules

Determining the trend. Look to the H4:

  • Trend is up then QQE cross up and QQE MTF’s bar is blue.
  • Trend is down then QQE cross down and QQE MTF’s bar is red.

Wait for a pull back and enter a trade. Look to M5:

If trend is up for buy order:

Buy order
Buy order

1. Price touch EMA (5, Low) of H1 (brown line);
2. CCI is below -100 level;
3. EMA (4, Close) cross up EMA (5, Open) – Fx TrendBand is blue;
4. Current bar of MACD close on higher level than the previous bar.

If the signal occurs at a time when the price is above the ЕМА(20, Close) (black line) on H1, this is a much stronger signal.

  • Stop Loss is placed below the previous cycle low or 20 pips but 20 pip min.
  • Close order with profit when CCI is above 100 level and the EMA(4, Close) cross below the EMA(5, Open) or by your discretionary.

If trend is down for sell order:

Sell order
Sell order

1. Price touch the EMA(5, High) of H1 (light blue line);
2. CCI is above 100 level;
3. EMA (4, Close) cross down 5 EMA (Open);
4. Current bar of MACD must close on lower level than the previous bar.

If the signal occurs at a time when the price is below the ЕМА(20, Close) (black line) on H1, this is a much stronger signal.

  • Stop Loss is placed above the previous cycle high or 20 pips but 20 pip min.
  • Close order with profit when CCI is below -100 level and the EMA(4, Close) is above the EMA(5, Open) or by your discretionary.

Download

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