Torgo modified with QQE Alert Trading System

Torgo modified with QQE Alert Trading System is one of the best trading strategies that you will come across. It has proven to be a trusted trading strategy. Due to its simplicity to use, this trading strategy is good for the forex trading beginners.

The Torgo modified with QQE Alert Trading System is best used with a timeframe of H1. However you can choose to alter the timeframe you should not use timeframes below H1 since the indicators used tend to give a lot of false signals with timeframes below the H1.

The Torgo modified with QQE Alert Trading System is designed for use to trade any currency pair of your choice. There are not restrictions as to which currency pairs to trade and which not to trade using this trading strategy.

This trading system uses a combination of several indicators which include:

• Torgo3
• Torgo2
• Torgo1
• SSL fast
• Heken Ashi Kuskus.3
• QQE alert

Fig.1. Placing a buy order using the Torgo modified with QQE Alert Trading System.

All these indicators are combine into one template called the Torgo template. When the template is loaded on to the trading chart, it displays all the indicators that are required for this trading strategy. If you look closely, you will notice that the chart gets divided into six zones (zone 31, zone 321, zone 322, zone 1, zone 2 and zone 312) vertically. Any trading should take place when the market prices are in the Zone 322.

At the bottom right corner, there is a grey text that indicates the trend in the market and also a plus or negative number to depict the strength of the trend.

How to use the Torgo modified with QQE Alert Trading System to trade

For you to place and close orders using the Torgo modified with QQE Alert Trading System, there are various conditions that you will have to observe.

• Conditions for placing a buy order

For you to place a buy order, you have to ensure that Torgo 1 and Torgo 3 are blue in color. Also, the market prices have to have crossed the blue horizontal line heading up.

Then the order should be placed at the beginning of the third candle stick that forms above the blue line if the precious candlestick was a bullish candlestick.

Fig.2. Placing a buy order using the Torgo modified with QQE Alert Trading System.

• Conditions for placing a sell order

For you to place a sell order, you will have to ensure that Torgo 1 and Torgo 3 indicators are red in color. Also, the prices should cross the red horizontal line heading down.

Then the order should be placed at the beginning of the third candle stick that forms below the red line if the previous candlestick was a bearish candlestick.

Fig.3. Placing a sell order using the Torgo modified with QQE Alert Trading System.

After placing the orders, you will have to have an exit formula (when you should exit/close your order). This can be by closing your orders one an opposite signal is given or by using stop losses and take profits. Take profits and stop losses are used especially when you are not staying in front of the computer all the time to watch your trades. The take profit should be placed at about 25 pips from your order. Then the stop loss should be placed at the last swing (for the buy order the last swing is the last low swing while for the sell orders the last swing is the last high swing).

Open demo account to test this system.

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