The HeiQELA M1 Forex strategy is designed for scalping. Since trading occurs on a one-minute chart, traders must spend significant time at their terminal, which experts from ForTraders.org consider a drawback of this approach but suggest it could be automated. The strategy provides between 2 to 5 entry signals per day due to the use of a filter that takes into account a higher time frame.
Input Parameters
For trading, you will need:
- Currency pairs: Pairs with the euro and pound are recommended
- Timeframe: M1
- Trading time: European session
- Strategy type: Indicator-based, scalping
Used Indicators
To analyze the market, place the following indicators on the chart:
- Heiken Ashi 2 indicator
- QQE Alert MTF v5 indicator – considers the M5 timeframe. When its lines cross, an audio signal is triggered, allowing traders not to constantly watch the chart.
- Laguerre indicator
Conditions for Entering a Long Position
To open a buy trade on the selected currency pair, the following conditions must be met:
- Heiken Ashi 2 has turned blue.
- Intersection from bottom to top of the main line of the QQE indicator with the dotted signal line.
- Exit of the Laguerre indicator from the oversold zone, but not reaching the overbought zone.
- Stop-loss is set at the level of the nearest local minimum, taking into account the spread.
- Exit the trade when the Heiken Ashi 2 indicator changes color from blue to red.
Conditions for Entering a Short Position
To open a sell trade, the following must occur:
- Heiken Ashi 2 has turned red.
- Intersection from top to bottom of the main line of the QQE indicator with the dotted signal line.
- Exit of the Laguerre indicator from the overbought zone, but not reaching the oversold zone.
- Stop-loss is set at the level of the nearest local maximum, taking into account the spread.
- Exit the trade when the Heiken Ashi 2 indicator changes color from red to blue.
Close positions can be done based on the reverse signal of all or at least one of the indicators.
According to observations by experts from ForTraders.org, the HeiQELA M1 Forex strategy has a profitability of about 10 points per day, which allows it to be used as a complement to the main strategy.
Download the HeiQELA M1 Forex Strategy Indicators and Template
Other Scalping Trading Strategies
- Forex Scalping Strategy THV System v4
- Scalper Hourly Forex Strategy: Scalping on the Hourly Chart
- PinkFlint Scalping Trading Strategy: Two Approaches to Scalping
- Forex Scalping Strategy for Japanese Yen on Bollinger Bands
FAQ
What is the HeiQELA M1 Forex Strategy?
The HeiQELA M1 Forex Strategy is a scalping strategy that uses specific indicators to generate trading signals on a one-minute chart.
What are the key indicators used in the HeiQELA M1 Strategy?
The strategy uses the Heiken Ashi 2, QQE Alert MTF v5, and Laguerre indicators to identify potential trades.
How profitable is the HeiQELA M1 Strategy?
According to experts, the HeiQELA M1 Strategy can generate around 10 points of profit per day.
