99# Quantum with Key Levels
Key Levels as filter
Submit by Joy22
Quantum with key levels is a trading strategy whose purpose is to interpret random reversal signals from a price action perspective based on support/resistance levels, especially daily.
Daily SR levels are important because they almost always generate a price reaction.
Strategy Setup
Time Frame 1min or higher.
Currency pairs: any.
Metatrader 4 indicators:
Quantum (period 300) ;
Zone Timeime frame 1400
Zone Time Frame 240
The recommended size is always the minimum in relation to the case.
Symbol Changer
Trading Rules
I would like to point out that the SR levels to refer to are the daily ones (which are defined as Key Levels because they are the ones on which the strategy is set).
So the support and resistance level relative to the 240 minute time frame could also be eliminated. However, it could be used for more aggressive operations when the market is interpreted well.
It is obvious that if you use the daily time frame, the 4H support or resistance level is not needed.
Buy
Quantum starts to appear near Key level support.
Buy positions begin to be opened as each quantum appears.
Sell
The quantum starts to appear near the Key level resistance.
Sell positions begin to open as each quantum appears.
Exit strategy
You have two options
First option
Stop loss on the opposite side of the Key level.
Profit target extreme next opposite quantum or number of pips you prefer.
Second option
A contrary buy order is placed as a hedge equal to the open size (for example, if five positions of 0.01 have been opened, one hedges with a contrary position of 0.05. What is the purpose of this type of approach? That of freezing the position up to a new Key level and begin to open new orders at the appearance of quantum (only for expert trader).
For the Profit Target the instructions of the first option are fine.
Important
The quantum setting must be verified for each instrument and time frame. In principle, for the daily time frame the period must be decreased. (For a more precise configuration you can contact us, but the service is paid because it takes some time).
Advice.This forex strategy is not suitable for beginners.
In the images there are some trading examples.
