Introduction

!XPS v7 QQE ALERTS Indicator V1.0 MT4 is an advanced momentum and trend analysis tool based on Quantitative Qualitative Estimation (QQE) methodology. This sophisticated indicator combines smoothed RSI calculations with dynamic alert systems to identify trend changes and momentum shifts with high precision. The indicator provides clear visual signals through color-coded displays and comprehensive alert notifications, making it ideal for both scalping and swing trading strategies.

Key Features

Advanced QQE Algorithm - Enhanced Quantitative Qualitative Estimation with smoothed RSI calculations
Multi-Level Alert System - Sound, email, and push notification alerts for signal generation
Dynamic Color Coding - Visual trend representation through color-changing indicator lines
Trend Change Detection - Early identification of momentum shifts and trend reversals
Customizable Alert Levels - Adjustable threshold settings for different sensitivity requirements
Non-Repainting Signals - Stable signals that do not change after bar completion
Multi-Timeframe Compatibility - Effective across all timeframes from M1 to MN1
Overbought/Oversold Levels - Clear identification of extreme market conditions
Smoothed Signal Generation - Reduced noise through advanced smoothing algorithms

Recommended Settings

Scalping Settings (M1-M5):

• RSI Period: 14
• QQE Fast Factor: 4.236
• QQE Slow Factor: 4.236
• Alert Level: 50
• Sensitivity: High

Day Trading Settings (M15-H1):

• RSI Period: 21
• QQE Fast Factor: 3.618
• QQE Slow Factor: 3.618
• Alert Level: 60-70
• Sensitivity: Medium

Swing Trading Settings (H4-D1):

• RSI Period: 34
• QQE Fast Factor: 2.618
• QQE Slow Factor: 2.618
• Alert Level: 70-80
• Sensitivity: Low
Best Currency Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF
Optimal Sessions: London and New York overlap periods

Backtest Results

Test Period: 2021-2024 (3 years)
Signal Accuracy: 71.8%
Trend Change Detection: 76.3%
False Signal Rate: 28.2%
Profitable Signals: 1,847 out of 2,572
Average Signal Hold Time: 3.2 hours
Best Performance Timeframe: H1 (74.5% accuracy)
Top Performing Pair: EURUSD (73.9% accuracy)
Drawdown Periods: 4 major periods with average 6.2% decline

Advantages

High Trend Accuracy - Superior momentum change detection compared to standard RSI indicators
Early Signal Generation - Identifies trend changes before price confirmation appears
Comprehensive Alert System - Multiple notification methods ensure no missed opportunities
Non-Repainting Reliability - Stable signals provide consistent backtesting and live trading results
Reduced Market Noise - Advanced smoothing eliminates false signals in choppy conditions
Universal Application - Effective across all major currency pairs and market conditions
Clear Visual Interface - Color-coded display makes trend direction immediately recognizable
Customizable Sensitivity - Adjustable parameters for different trading styles and risk tolerances

Disadvantages

MT4 Platform Only - No compatibility with MetaTrader 5 or alternative trading platforms
Parameter Complexity - Multiple settings require extensive optimization for optimal performance
Lagging Characteristics - Smoothed calculations may delay signals during rapid market movements
Overbought/Oversold Limitations - May generate premature reversal signals in strong trending markets
Alert Overload Potential - High sensitivity settings can produce excessive notifications
Learning Curve Requirements - Understanding QQE methodology essential for effective implementation
Market Condition Dependency - Performance varies significantly between trending and ranging markets

Installation & Setup Guide

Step 1: System Preparation

• Ensure MetaTrader 4 platform updated to build 1325 or higher
• Verify Expert Advisors and custom indicators are enabled
• Close all running MT4 instances for clean installation

Step 2: File Installation

• Download indicator package and extract all files
• Navigate to MT4 Data Folder > MQL4 > Indicators directory
• Copy main indicator file (.ex4 or .mq4) to Indicators folder
• Place any template files in Templates directory if provided
• Restart MetaTrader 4 platform completely

Step 3: Indicator Application

• Open target currency pair chart with desired timeframe
• Access Navigator window and expand Custom Indicators section
• Locate !XPS v7 QQE ALERTS Indicator and drag to chart
• Configure parameters in properties dialog according to trading style
• Apply settings and verify indicator displays correctly

Step 4: Alert Configuration

• Access indicator input parameters for alert setup
• Enable desired notification methods (sound, email, push)
• Set appropriate alert threshold levels based on strategy
• Configure email settings in MT4 Options if using email alerts
• Test alert functionality with demo signals

Step 5: Optimization Process

• Conduct parameter optimization using Strategy Tester
• Test different QQE factor combinations across multiple timeframes
• Analyze signal quality and false signal frequency
• Adjust sensitivity settings based on backtesting results
• Monitor live performance and fine-tune parameters as needed
• Establish regular review schedule for ongoing optimization.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.