Quantum Trading with Key Zone represents a trading approach designed to decipher spontaneous reversal signals within a price action framework, primarily focusing on support/resistance levels, particularly those observed on a daily basis. Daily support and resistance (SR) levels hold significance as they consistently trigger price reactions.
Strategy Configuration:
Time Frame: 1 minute or higher.
Currency Pairs: Any.
Metatrader 4 Indicators: Quantum (period 300), Zone Time Frame 1400, Zone Time Frame 240.
Recommended position size should always be kept to a minimum.
Trading Rules:
Emphasizing that the daily SR levels, referred to as Key Levels, are pivotal for this strategy, the support and resistance levels corresponding to the 240-minute time frame can be omitted, but may be considered for more aggressive maneuvers during favorable market conditions. When utilizing the daily time frame, the 4-hour support or resistance level becomes redundant.
Buy:
Initiate buy positions when Quantum signals start to manifest near Key level support. Open buy positions with the appearance of each quantum.
Sell:
Commence sell positions when Quantum signals begin to emerge in proximity to the Key level resistance. Open sell positions with the occurrence of each quantum.
Exit Strategy:
Traders have two exit options:
Stop Loss and Profit Target: Set the stop loss on the opposite side of the Key level. Establish a profit target at the extreme opposite quantum or at a predetermined pip count.
Hedging Approach: Place a counteractive buy order equivalent to the open position size. For instance, if five positions of 0.01 have been opened, hedge with a buy position of 0.05. This method aims to lock in the position until a new Key level is reached, allowing the initiation of new orders upon the appearance of a quantum. This advanced strategy is intended for expert traders.
Important Considerations:
Quantum settings must be validated for each instrument and time frame. Adjust the period, especially for the daily time frame.
For a more precise configuration, a paid service is available for assistance.
Advice:
This forex strategy is not recommended for beginners. Refer to the included trading examples in the images for further clarification on implementing the Quantum Trading with Key Zone strategy.
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