DislikedHello TheGabriel,
I am fascinated by your posts. I'm a newbie and just curious to see if you (or anyone) can explain how to read the QQE indicator? Thanks.Ignored
The QQE indicator as you can see in the image posted here has 2 lines, you set the Firebird EA to only BUY if you have a cross of the red dotted line by the yellow one and the cross points up (SELL if it points down), a cross of the 50 line on the QQE indicator it's a major move.
QQE is very powerful on H4 chart too and on H1 you must check for 50 line crosses. However i'm using QQE just to better understand the price direction and set the EA to trade on that direction.
To set the EA BUY or SELL, use the Stochastic Divergence (up and down crosses) and watch the QQE to understand the direction on long term.
"Hate the sin, love the sinner." - Gandhi