If you are a trader looking for a highly profitable trading strategy, you are in luck! After extensive backtesting, I have discovered an INSANE 2000%+ profitable trading strategy using the Waddah Attar QQE MCGinley indicators. In this article, I will explain in detail how to use this trading strategy to identify profitable entry and exit points and manage risks effectively.
Before we dive into the specifics of the strategy, let’s briefly review each indicator.
The Waddah Attar Explosion Indicator is a momentum indicator that identifies explosive price movements. It helps traders identify the trend and entry points in the market. The QQE Mod Indicator is a technical analysis indicator that identifies trend direction and momentum, and it is used to determine oversold and overbought conditions. The McGinley MA is a moving average that smooths the price data and adapts to the market’s volatility.
Now that we understand each indicator let’s dive into how to use them together for highly profitable trading:
For Long entry:
- Look for the QQE Mod indicator to change to Blue, indicating a bullish trend is developing.
- Check that the price is above the McGinley MA to confirm the upward momentum.
- Ensure that the Waddah Attar Explosion indicator is Green and above the Explosion line, indicating a strong buy signal.
For Short entry:
- Look for the QQE Mod indicator to change to Red, indicating a bearish trend is developing.
- Check that the price is below the McGinley MA to confirm the downward momentum.
- Ensure that the Waddah Attar Explosion indicator is Red and above the Explosion line, indicating a strong sell signal.
By combining these three indicators, traders can identify highly profitable entry points with high accuracy.
Risk management is a crucial aspect of any trading strategy. To minimize losses and maximize profits, traders must implement effective risk management strategies. Here are the two essential risk management techniques to follow:
- Max stop loss is set to 2.5
- Set your Stop Loss to the ATR value.
- Set your Take Profit with a Risk-Reward ratio of 1.3.
By following these three rules, traders can limit their losses while still making profits. It’s important to note that risk management is an ongoing process that needs to be continually re-evaluated and adjusted as market conditions change.
I backtested this strategy on BTC USDT on the 1-hour timeframe and found it to be the most effective. Backtesting a trading strategy before using it in the live market is crucial to determine its effectiveness and tweak it accordingly. Backtesting can help traders identify patterns, determine entry and exit points, and evaluate risk management strategies.
If you’re new to trading or are looking to improve your trading strategy, this highly profitable trading strategy could be a game-changer for you. Remember to always do your research, use proper risk management techniques, and never risk more than you can afford to lose.
In conclusion, the Waddah Attar QQE MCGinley trading strategy is a highly profitable trading strategy that traders can use to improve their trading strategy. By following the rules of the strategy and implementing effective risk management strategies, traders can maximize their profits and limit their losses. If you want to learn more about this strategy and see it in action, check out my YouTube video where I backtested this strategy https://www.youtube.com/watch?v=UjY3Zq2-8ic.
Sources:
- “Waddah Attar Explosion” by Waddah Attar (https://www.mql5.com/en/code/141)
- “QQE Mod” by Roman Ignatov (https://www.mql5.com/en/code/12311)
