Q-Dots
Q-Dots
This Indicator is best suited to non-trending/ range-bound markets. When the market gets overbought or over sold it accurately finds the level where the market should revert back to a mean.
When the market is above or below its range, it’s best to trade this Indicator only in the direction of the big trend. In other words when its above its range only enter long and when it’s below its range only enter short when the signals are plotted (dots).
Exits
Since this is a mean reverting Indicator you can place your exits at the levels above the dots for longs and the levels below the dots for shorts. When the market is above or below its range, it’s trending. In these circumstances it’s best to rely on the trailing stoploss and exit the trade when the market moves through your trailing stoploss.
You can also look for profit target levels using support and resistance levels.
Stoplosses
Stops should be placed slightly below or above the dots depending on whether it’s a buy or sell.
Settings
You can adjust the settings smaller or larger depending on how many signals you want to receive. Very low settings will add a lot of noise to the system, whereas larger settings will reduce the noise but also the signal frequency. Feel free to play around with the settings to find a mix that works best for you.
We hope that you will find this Indicator as useful as we do. The signals are faster and more accurate than anything we’ve seen or used before.
Happy Trading