JustUncleL

[STRATEGY][UL]QQE Cross v1.1

Updated by request: this is a "Strategy" trading version of the "QQE Cross Indicator Alert v2.0 by JustUncleL" (which is mainly for Binary Options trading), the same BUY/SELL signals are used to generate trade entry and exit conditions. Thanks again to JayRogers for making the Strategy risk management easier to understand and implement.

In this update I have added "Take Profit" option and cleaned up the risk management code. Also changed the close BUY/SELL order if EMA20 direction changes rather the next BUY/SELL opposite signal, making the close earlier.

BE ADVISED TO USE AT YOUR OWN RISK, even though back testing has shown good results, I don't have any Forex trading account to forward test against. You need to perform these test yourself and get back to me if there is any issues.
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Hello,

are entry points depended on risk managment? If I change Trailing Stop Loss to "0" but Stop Loss from "0" to some value then some entry points disappear.
And today I saw as a close point of a trade was repainted - trade with lost was changed to a trade with profit.
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@robot2006, I don't like to use Strategy scripts for actual trading, because the TradingView Broker emulator is inaccurate and does some strange things. I have placed warnings about using "Strategy" type scripts to trade with in earlier comments. I only use them on occasions to test performance of a script. All my "Strategy" style scripts have been created by other members requesting me to create or modify them. If I use a "Strategy" script I don't directly trade on the signals I use them more as alerts, and analyse manually the price action around the alert.
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robot2006 JustUncleL
@JustUncleL, thanks.

I have tested the risk managment script of JayRogers
Strategy Code Example - Risk Management


I don"t know whether it is a script problem or problem of tradingview but this risk managment closes trades always on top or low of bars. What do you think about this? What can be a problem?

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@robot2006, It's a Trading view issue, see my previous comments on using the risk management of TV, it is inaccurate and gives false and misleading performance figures. I treat all "Strategy" projects as experimental, as the TV "Strategy" is still Beta. My advise is don't use any risk management from TV, use your own and only trade when the best signals occur.
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robot2006 JustUncleL
@JustUncleL, thx and the best professional wishes!
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robot2006 JustUncleL
@JustUncleL, hello,

Do you have an idea how can a startegy be tested in TV whether it is profitable without to use risk managment from TV? Most of strategies without risk managment lose money.
Thx
Reply
@robot2006, When I test a strategy like this I use my own risk management controls when I place trades, setting my preferred stop loss, target profits, trailing stops, break even etc. So I "forward test" in a Demo account manually in real time to see if the system is really profitable for my trading style.
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JustUncleL This script is incredibly time consuming yet SAFE!!!! The entire day of a complete 8 hours of trading i have only traded 7 times.. The results were incredible 6ITM!!! Using all 5 to 10 min trade.
With this i have complete confidence and now i can open more currency pairs to see what this puppy can really do =P. if i can manage to run at least 5.. and get 35 trades with with at least 30 itm.. I can at least make a profit of 504$!!!
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JustUncleL PRO redchevy007
@redchevy007, Great to hear, just trade with this strategy version carefully. I personally prefer to use the Indicator Alert version of QQE for Forex Trading and Binary Options.
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I really enjoy your work, thank you for sharing. This script will sometimes indicate a trade, be logged on the TV list of trades, and then vanish from both the chart and the list of trades (as if it changed its mind). Sometimes at a later point (and price), the trade will reappear, sometimes not. Is there any way to require that an initiated trade stay on, or do I have to wait until the candle closes to be sure.
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