Quantum super channel with NN Strategy For MT4
Table Of Contents:
- Quantum super channel with NN Strategy For MT4
- The Quantum super channel with NN Strategy For MT4 – Long positions
- The Quantum super channel with NN Strategy For MT4 – Short positions
- Is the Quantum super channel with NN Strategy For MT4 any good?
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The Quantum super channel with NN Strategy For MT4 is a price channel based trend following system. Although this trading system is applied to the 15 minute chart time, traders should be adept at understanding the trends. This is because the trend itself becomes the major filter when trading with this strategy. Therefore, if you are struggling with identifying trends, then the Quantum super channel with NN strategy for MT4 is not suitable for you.
There are quite a few indicators used in the Quantum super channel with NN strategy for MT4. The first is the Quantum super channel indicator. As you can see, this indicator is responsible for plotting the price channel. We then have the X-UK MA indicator. This indicator is the white line which looks like a moving average and it is plotted between the price channels.
In the sub window, we have the Stochastics oscillator. As you know, the stochastics oscillator shows the momentum of the prices. Thus, the overbought and oversold levels from the Stochastics shows when price momentum is rising and falling. In the second sub window of the Quantum super channel with NN strategy for MT4, we have the period M30 indicator. This is also a stochastics oscillator, but it is a multi time frame indicator.
Finally, there is also the super trade trend indicator. This indicator sits in the first sub window. Depending on the trend, this indicator plots either red or blue horizontal lines. It shows which way prices are moving. However, we find this indicator to be lagging at times. Therefore, the signals from the super trader trend indicator should be seen only as a last indicator to confirm the trading direction.
There are two templates that comes with the Quantum super channel with NN strategy for MT4. You can use any of these. The template is relatively light weight and does not freeze up your trading terminal. Therefore, you can apply the Quantum super channel with NN strategy for MT4 on multiple charts at the same time without any issues.
The charts are visually readable, but the information that you see on the right bottom side of the chart makes it a bit cluttered. You could switch from the bar chart to candlestick charts in order to read price action better.
The Quantum super channel with NN Strategy For MT4 – Long positions
To take long positions using the Quantum super channel with NN strategy for MT4, we should first see evidence of an uptrend. This is identified by the slope of the price channel itself. The channels should be making higher lows and higher highs. Simply scan the chart to the left to confirm the uptrend.
Now wait for price to touch the lower price channel. When this happens, you will see a box plotted on the bottom. Now look to the indicators in the sub window. The super trend trader indicator can lag a times, therefore, use this only as the final confirmation.
Both the Stochastics and the period oscillator should be showing a bullish crossover. This happens usually near the oversold levels. Once both these oscillators confirm the rise, you can take a long position at market. Use the previous swing low to set your stop loss. To the upside, use the upper price band to continuously move your take profit level.
We recommend that you cover your position to break even when price moves 50% in your favor to remove any risk from the trade.
The Quantum super channel with NN Strategy For MT4 – Short positions
To take short positions using the Quantum super channel with NN strategy for MT4, we should first see evidence of a downtrend. This is identified by the slope of the price channel itself. The channels should be making lower lows and lower highs. Simply scan the chart to the left to confirm the downtrend.
Now wait for price to touch the upper price channel. When this happens, you will see a box plotted on the top. Now look to the indicators in the sub window. The super trend trader indicator can lag a times, therefore, use this only as the final confirmation.
Both the Stochastics and the period oscillator should be showing a bearish crossover. This happens usually near the overbought levels. Once both these oscillators confirm the decline, you can take a short position at market. Use the previous swing high to set your stop loss. To the downside, use the lower price band to continuously move your take profit level.
We recommend that you cover your position to break even when price moves 50% in your favor to remove any risk from the trade.
Is the Quantum super channel with NN Strategy For MT4 any good?
To conclude, the Quantum super channel with NN strategy for MT4 is a relatively easy to understand trading system. This makes it ideal for even beginners to start trading with this strategy. There are two templates that are used in the Quantum super channel with NN strategy for MT4. We recommend that you use the second template in order to have the additional indicator also showing up on the charts.
Overall, the look and feel of the Quantum super channel with NN strategy for MT4 is easy on the eyes but price action looks a bit cluttered. You can change this by visually modifying the indicators that you see on the price chart to make prices a bit more visible.
Since the Quantum super channel with NN strategy for MT4 is suited for the 15 minute chart time frame, swing traders cannot make use of this indicator. But day traders should bear in mind that the Quantum super channel with NN strategy for MT4 uses a trend following system. Therefore, you also need to pay attention to the trends.
There is a good chance that a whipsaw market could lead to losses. This only means that traders should be aware of risk management in order not to lose too much when there is no trend in the market.
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