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FQ TOOLS http://fxquickroute.com/fqsystems/
FQ SYSTEMS
These are enhanced systems based of proven ones that work. Rules are clearly defined and should be followed to be profitable. Entry, StopLoss and Takeprofit levels are calculated, exit strategy implemented.
FEATURES
Gives breakout signals from various price action setups proven to have high accuracy Easy detection of valid / invalid setups based from True Breakout rules Advanced Auto Update feature Auto Pair feature. Currently support 10 pairs. Pairs can be added and swapped with better
FQ TOOLS http://fxquickroute.com/fqsystems/
HOW IT WORKS
The new version simplified the Trading rules of the original true breakout system. The system will alert if the signal is valid or not. No need to think which signal to pick. This will save you more time. It will show if the setup is Ideal or Center Zone. It will also notify if there is upcoming news during the time of the signal. An important feature added is the calculation of a second support / resistance zone that can give us more ideal setups if the condition is desirable. Also it will alert you which pairs are currently available for trading.
HOW TO START
Available Pairs
FQ TOOLS http://fxquickroute.com/fqsystems/
ENTRY RULES
1. Enter if the signal is VALID. Take the signal immediately dont wait for candle close. 2. The first valid signal for the day is the basis for Stop Loss and Take Profit levels
EXIT RULES
Exit is very critical for the success of the system. We need to monitor our position and adapt if the market condition changes. 1. Fully Close position as price reaches TP1 to ensure an approx. 1:1 Risk Reward Ratio or 2. Partially Close Position when price is near the TP level. Then trail our remaining position to reach maximum target of 2 times our initial Take Profit. 3. Close trade if priced ranged on entry point. Only one pullback is allowed for a successful breakout. Meaning we can only allow price to go back at entry point once. Since this is a breakout system, we should not allow price to come back and forth in our entry point. 4. When price takes too long to hit TP/SL, we can close out the trade. Usually, targets should be hit in the same day.
PROTECTION
Since successful breakouts only require one test / pullback. Its advised to move Stop Loss to breakeven after the first pullback. We can move stop to Breakeven at 15-30 pips of profit depending on pairs volatility. 4
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FQ TOOLS http://fxquickroute.com/fqsystems/
FQ TOOLS http://fxquickroute.com/fqsystems/
FQ TOOLS http://fxquickroute.com/fqsystems/
FQ TOOLS http://fxquickroute.com/fqsystems/
The first valid buy signal hits take profit, nd the 2 valid buy signal wont be used to re-enter trades since we only base our targets on the first valid signal for the day.
FQ TOOLS http://fxquickroute.com/fqsystems/
Invalid Buy & Invalid Sell are signals that didnt follow the rules of the system. These signals are colored Gray for easy reference. The reasons why these signals are shown:
1. Invalid signals give early warning of a possible Valid Signal. So we need to watch our chart 2. To test that the indicator is working on our platform 3. To better understand how the system works and familiarize which price action works
FQ TOOLS http://fxquickroute.com/fqsystems/
CLOSE TRADE when price ranged. Dont wait for it to hit the target Stop Loss or Take Profit
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FQ TOOLS http://fxquickroute.com/fqsystems/
CLOSE TRADE when price makes more than 1 pullback. Only 1 pullback is needed for a successful breakout
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FQ TOOLS http://fxquickroute.com/fqsystems/
CLOSE TRADE if its too long to hit targets. This means the breakout turned to be weak. Successful breakouts often hit TakeProfit in the span of 4 Hours.
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FQ TOOLS http://fxquickroute.com/fqsystems/
BREAKOUTS with one pullback, the most common scenario for a successful breakout
FQ TOOLS http://fxquickroute.com/fqsystems/
STRONG BREAKOUTS does not have pullbacks and targets are instantly hit. This is the best scenario.
FQ TOOLS http://fxquickroute.com/fqsystems/
SETTINGS
Default settings are recommended and dont need to be changed. ScalperMode Activate scalper mode if True. This mode changes the calculation of zones and signals to give more trades. This setting will give more VALID setups but also more loosing trades if not filtered properly. Only for advanced users who can read markets better ShowInvalidSignals If set to False, Invalid signals are not shown Use_TimeFilter If set to False; time wont be used to filter trades. The system works best on London Session so time filter is recommended. Use_NewsFilter If set to False; news wont be used to report if the signal is Invalid. Filtering High impact news 30mins before and after is recommended to avoid whipsaws that hit Stop Loss easily.
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FQ TOOLS http://fxquickroute.com/fqsystems/
NOTES
1. Load the indicator on all available pairs. The indicator will alert if a pair is added, changed. 2. Valid setups dont occur often. The average number of valid setups on all pairs per week ranges from 4 to 8, but success rate is very high if all the rules followed. Around 80-90% 3. This is NOT a set and forgets system. Trades need to be monitored To know how the original system operates, check the manual here.
http://www.fxquickroute.com/downloads/truebreakoutelitemanual.pdf
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FQ TOOLS http://fxquickroute.com/fqsystems/
This step is important to be able to load the indicators and get the PC Code.
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FQ TOOLS http://fxquickroute.com/fqsystems/
After you double click this, a window will pop up indicating your PC code. Copy this code.
11. Send this code to: info@fxquickroute.com Please indicate on the Subject Line of your email: FQ - True Breakout License 12. After we received, we will send your log-in details within 24 hours.
Enter the Email and Password that we gave to activate your license
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FQ TOOLS http://fxquickroute.com/fqsystems/
http://youtu.be/y8wgCEJME1E
1. Open Mt4 terminal 2. Click File 3. Click Open Data Folder
4. 5. 6. 7.
A window will pop out. This is the Data Folder directory of the platform. Double Click MQL4 folder Inside this folder is where to place Experts, Indicator, Libraries and Scripts. Restart platform
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