Trying to develop a system for fun. I'll be testing a few indicators for filtering.

This is a pullback scalping system where I place a limit order at the EMA 20 after setup arrows appear. The arrows are generated from M15 QQE. I had AI modify the indicator to plot an arrow whenever the QQE trend line (green line) moves up or down by 2 points to signify momentum.

The RR is 1:1 or 1:2, with SL set to 2x ATR(15). There is also an option to flip the trade with a 1:1 RR if the SL gets hit, as most losses occur when trading at the very end of a wave.

I only trade XAUUSD.
The picture is, of course, cherry-picked to show the system's mechanics. Once an arrow appears, a limit order is placed directly at the EMA 20. As shown in the image, there are two losses, but both are recovered quickly.

Since the arrows are generated from QQE filtering, they tend to appear slightly late—often in the middle or near the end of a wave—making some losses unavoidable. However, these losses can be quickly recovered if there's enough momentum, as MMs often create a spring or fakeout before initiating an expansive move.

In this example, there was enough room for a flip trade with better than a 1:1 RR, but the market was merely seeking a better price before dumping lower. This is a condition that must be taken into account whenever planning flip trade's RR.

Edit: I made a mistake with the template. Please redownload it, or simply change the RSI period to 13.
P.S. The newest template is always attached to the latest post. Required indicators can be found in the 1st post and alongside any new template update.