So far we’ve been specifying QFL base breaks purely using a percentage value. For example, enter a deal when the QFL 1 hour base breaks below 3%.
This approach can be profitable but there’s always some small tweaks that you end up asking yourself why I didn’t think about it before?
The setup below is pretty cool and uses new features of Absolutno 0.9 including:
- ATR based TP
- ATR based SL
- Daily percent range to define deviation of safety orders
- ATR based QFL deviations
So many new dynamic parameters that recognise the on going levels of volatility to adapt to conditions of the market to not just profit better but also to exit faster deals and aim for an adequate target of profits each time.
Below I show a simple example of a setup that can serve as an inspiration to develop some interesting setups.
In order to access this setup you will require Absolutno, available to Observers, and the QFL ADB plugin which is available to VIP and higher tiers.
I backtested this setup on SOL, ETH, XRP and BNB.
Other coins will require to adjust the factors of TP and SL, the chart uses values 5 and 12 respectively. Some coins will require smaller or larger TP levels.
