VQ Trading System

With few changes I have found VQ indicator to be the best in detecting a trend.

With many tweaking and testing hours. I have changed the default value of length from 5 to 7 to give better hold of the trend. The system works in both choppy as well as trendy environment.

The TF that I use is 1M, 5M and 15M with Length 7,7 and 35 respectively.

If you do not have much time for intra day trading, you can change the Length to 35 and use it on 15M chart. The values i have found is after hours and hours of manual testing. The only difference from the standard VQ indicator that has been around for a long time is the change of length.


You could use the jumping stop loss feature from EA MPTM with this indicator that Steve Hopwood has wonderfully created else use the standard SL and TP.

With small TP in 1M TF with length 7, The trading system is almost 90% effective in EURUSD, if you loose a trade, the next trade you can raise the lots linearly. It sounds martingale but it rarely ever crosses 3-4 lots before hitting the Take Profit. just test it manually for couple of days and you will know the results will speak for itself.

It has huge potential to work as an EA to trade on multiple pairs in lower time frame with small TP. If someone could code it as an EA would be great.

Try it manually for a day or two and you will see the huge potential of this indicator just by changing the length, then we could all go to Steve and beg for an EA to be created based on VQ indicator

Attach please find the indicator vq7 for 1M and 5M charts and vq35 for 15M chart.

Thanks.

===== EDIT vq7 indicator settings changed from real time=true to real time=false ========

Guys Important...

Always keep Real Time=False else the indicator will show multiple signals.

You can tweak the length, method. smoothing, filter...main change comes only with length, other changes does not effect the indicator much.

Signal Price=true....show the price when signal changes. does not effect anything.

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thank you for sharing this system,it seems very promising,i will give a shot

Looks good, thanks!

ty for sharing spider..did you ever experienced repainting issue while using the indicator?[well i hope not].i just test it with the simulator it seem so nice.

Good to see someone find a way to really use this indie. Always was a fan of it. Quick question:

What are your ways of managing stop loss and take profit?

I believe the EA guys will need to know this before they could even attempt to program it for you.

Anyway good luck with it. Will play around with it.

What are the other indicators you are using, by the way?

EDIT: the indicator doesn't seem to work quite as it should, it'll daw in EUR/USD 5m, but not 1m, works in GBP/USD every timeframe
nothing at all in USD/JPY or something

Downloaded indicator but does not draw in either EUR/USD OR GBP/USD 5min

Here is EA based on VQ indicator and VQ bars.

If you choose 'stable' in the parameters...it seems to be better.

Hi, thanks for sharing this indicator. I have a question though. Does it work like step moving averages do? What I mean is, does it give signal when price moves x pips in one direction?

Dear Kkeskar92,

any chance you could make this EA ECN OrderSend friendly?

I get the classic "invalid stops" errors all over the place ...

Thanks for considering.

Vlado

[quote=spiderforex;4883867]With few changes I have found VQ indicator to be the best in detecting a trend.

With many tweaking and testing hours. I have changed the default value of length from 5 to 7 to give better hold of the trend. The system works in both choppy as well as trendy environment.


Looks like a good system. I will give it a shot.

Hi

I found this EA on mql forum. I am not a programmer, so you may put your request on mql forum.

Let me know if you find a better one.
Thanks.

I do not seem to catch good trends on my chart with your settings. don't know if I did something wrong. so I have tried to tweak it. Still working on the best settings.

I like the inidi because it does not repaint.

Cheers

Here is another chart. the green lines are my buys and the red lines are my sells.

Cheers

hello dear,it seems it doesnt work on 5m,can you explain about the real time and steady mode at seeting area? it works at 1m but needs an extra filter.

spiderforex, thank you very much! What a nice M1 system!

Have you ever tried different "filter" settings for VQ? Right now you have 5. I don't want to mislead anyone, but it seems to me that 3 would work a little better.

Can we use your system for trading GBPUSD, AUDUSD, EURJPY, GBPJPY?

What is your SL and TP for M1?

I think an extra filter is not such a good idea. When we start adding "filter"-indicators to a good system we just confuse ourselves and complicate things. I think we'd better just not trade M1 against M5/M15 trend, that's it.

Just my 2 cents.

thank you for your input,last night i tried the indi on eur/usd 1m and i had 23 trade which was 13 win and 10 loss,we need the good sl and tp.

Hello, There are no re-painting issues....Just put real-time=false in the options if you face any...Again, the indicator does not re-paint ....Thanks

yes, As mentioned, we could use MPTM indicator from Steve Hopwood if we are going manual.

In case of EA. We could use multiple options, if you are using 15M chart with 35 length, you could use Jumping Stop Loss or trailing Stop loss.

If we are using 1m or 5m chart for scalping, better to use Take Profit with Break Even and Jumping Stop Loss.

The best possibility to get a trend is to use Jumping Stop loss with break even and break even pips..so that we never lose yet catch the trend as much we can...Thanks


I would suggest Jumping Stop Loss or Trailing Stop Loss PLUS martingale function with either linear or double lots. Linear lots would do...however, in my experience martingale rarely crosses 3-4 lots before hitting TP or Jumping Stop Loss.