QQE Channel Strategy by Shiroi-
By Shiroi-
Performance Metrics
- Author: Shiroi-
- Symbol: OANDA:USDCAD
- Timeframe: 1 week
- Win Rate: 37.0%
- Profit Factor: 0.855
Description
─────────────────────────────────────────────QQE Channel Strategy (QCS) — TradingView Description─────────────────────────────────────────────█ OVERVIEWQQE Channel Strategy is a fully original trend-following strategy that combines two independently implemented components:① Trend Channel — Built from High/Low EMA bands. Price breaking above the upper band signals bullish trend; breaking below the lower band signals bearish. The inner band acts as an exit line.② Momentum Filter — A QQE-concept oscillator built from scratch. RSI is smoothed, its volatility is ATR-normalized, and trailing bands determine trend direction. Entry is only allowed when both components agree on direction.█ ENTRY CONDITIONSLong : Channel flips bullish while momentum is bullish, OR momentum flips bullish while channel is already bullish.Short : Same logic, opposite direction.█ EXIT CONDITIONS• Fixed SL / TP via strategy.exit() (enabled by default) — SL: lowest low (long) or highest high (short) over the last N bars — TP: SL distance × RR ratio• Signal-based exit as a safety net: — Price crosses back through the exit line — Momentum flips against the position█ DEFAULT SETTINGS Group | Parameter | Default ─────────────────── | ────────────────────────── | ─────── Trend Channel | Channel EMA Length | 60 Momentum Filter | RSI Length | 14 Momentum Filter | RSI Smoothing (EMA) | 5 Momentum Filter | QQ Factor | 4.238 SL / TP | Use Fixed SL/TP | ON SL / TP | Swing Length (SL basis) | 10 SL / TP | Risk/Reward Ratio | 1.0 Strategy | Long / Short | Both ON Strategy | Lot Size | 1.0 Commission | (hardcoded) | 0.05%All parameters are adjustable from the indicator settings panel.Commission can also be overridden via Properties tab → Commissions.█ ALERTSFour alert conditions are available:• 🟢 Long Entry• 🔴 Short Entry• ⚠️ Exit Arrow• 📢 All Signals (combined)█ NOTES— This strategy is a fully original implementation. No external scripts or third-party code were used.— QQE refers to the Quantitative Qualitative Estimation algorithm concept, independently implemented from documented sources.— Backtested with commission 0.05% and slippage 2 ticks. Adjust these in the Properties tab to match your broker's conditions.— Results vary by symbol and timeframe. Always verify on your target pair before live trading.