The Quantum Gomega Trading System for MT4 is mainly an indicator based trading method, which has favourable win and loss records. This trading strategy is mainly focused on market price action context. However, this trading system is so simple to use that a novice trader can understand it very easily. Furthermore, we are going to utilize a few technical indicators, such as Quantum filter line, Quantum filter Oscillator, Quantum filter Signal, and Quantum ITS set-up to increase our trading probabilities.
What Is the Quantum Gomega Trading System?
The Quantum Gomega Trading System for MT4 is a highly accurate trading method because it is based on technical indicators like Quantum filter, Quantum filter Oscillator, Quantum filter Signal, and Quantum ITS. This indicator tracks the market momentum and provides a buy and sell signal. However, this trading method can be applied to any forex pairs on any timeframes. Besides, if you apply this trading system to higher timeframes, you can get excellent results from this strategy. So, always try to apply Quantum Gomega Trading System on higher timeframes to get better outcomes.
The Quantum Gomega Trading System for MT4:
As we are using multiple indicators for higher accuracy, we should also keep in mind the price action context. However, there is no 100 percent guarantee that you can win every single trade in the forex market. So, you need to build up a trading technique that will provide you with exalted results and safer trades.
Let’s look at the technical indicator that we are using for the Quantum Gomega Trading System for MT4:
- Quantum Filter Line
- Quantum Filter Oscillator
- Quantum Filter Signal
- Quantum ITS
Quantum Filter Line
The Quantum Filter Line is a technical indicator that provides a buy and a sell signal by crossing the Quantum Filter Oscillator. Quantum filter calculates the recent market momentum as like Moving Average and gives the possible upcoming trend direction.
Quantum Filter Oscillator
The Quantum Filter Oscillator is also a technical indicator. It also shows the trend direction like the Quantum Filter line. If the price is above the Quantum Filter Oscillator green line, the bias is bullish. On the contrary, if the price is below the Quantum filter oscillator red line, the bias is bearish.
Quantum Filter Signal
The Quantum Filter Signal provides a buy and a sell signal by showing green and red arrows. Moreover, if the trend is bullish, you will see a green cross below the candle. On the other hand, if the trend is bearish, you will see a red cross above the candle.
Quantum ITS
The Quantum ITS is a dual CCI channel indicator that provides buy and sell signals by crossing each other. There is a bullish signal when the blue line crosses above the Maroon line. Alternatively, there is a bearish signal when the Maroon line crosses above the blue line. However, these Quantum ITS crosses are valid when the Quantum Filter Signals are matched.
Let’s look at the chart below with the indicators we are using for Quantum Gomega Trading System for MT4:
Bullish Trading Strategy
You can apply this trading method to any timeframes from 5 minutes to daily. However, as it is a trend following trading methods, you should always trade on higher timeframes like H1 and H4. Because higher timeframes extract the noises of short term economic events.
Furthermore, you can select any currency pairs like Majors (EURUSD, AUDUSD, USDJPY, USDCAD, USDCHF), Minors (EURGBP, EURJPY, GBPJPY, GBPCAD, CHEFJPY), and Exotics (EURTRY, USDHKD, JPYNOK, NZDSGD).
Bullish Trading Conditions
- The Quantum trend is green.
- The Quantum filter line crosses above the Quantum trend green line.
- Quantum ITS blue line crosses above the Maroon line.
Entry
When all the bullish trading conditions are met, you should execute a buy trade as soon as the candle closes. In another way, you can place a buy stop order above the running candle with a few pips buffer.
Stop Loss
As this trading method is based on the market trend, the current bias is expected to sustain as long as the Quantum filter line receding over the green line. So, place your stop loss below the Quantum green line.
Take Profit
You should take the profit following the 1:5 or 1:2 risk-rewards ratio. Otherwise, you can take the profit when the Quantum filer line crosses below the Quantum trend red line.
Bearish Trading Strategy
For a bearish trading strategy, you can apply this trading method to any timeframes from 5 minutes to daily. However, as it is a trend following trading methods, you should always trade on higher timeframes like H1 and H4. Because higher timeframes extract the noises of short term economic events.
Furthermore, you can select any currency pairs like Majors (EURUSD, AUDUSD, USDJPY, USDCAD, USDCHF), Minors (EURGBP, EURJPY, GBPJPY, GBPCAD, CHEFJPY), and Exotics (EURTRY, USDHKD, JPYNOK, NZDSGD).
Bearish Trading Conditions
- The Quantum trend is red.
- The Quantum filter line cross below the Quantum trend red line.
- Quantum ITS Maroon line cross above the blue line.
Entry
When all the bearish trading conditions are met, you should execute a sell trade as soon as the candle closes. In another way, you can place a sell stop order below the running candle with a few pips buffer.
Stop Loss
As this trading method is based on the market trend, the current bias is expected to sustain as long as the Quantum filter line residing below the red line. So, place your stop loss above the Quantum red line.
Take Profit
You should take the profit following the 1:5 or 1:2 risk-rewards ratio. Otherwise, you can take the profit when the Quantum filer line crosses above the Quantum trend green line.
Conclusion
The Quantum Gomega Trading System for MT4 is a highly profitable trading method if you can apply it in a proper way. Besides, you should strictly follow money management rules because the forex market is full of uncertainty. There is no 100 percent guarantee that each and everyone is going to hit the take profit level.
