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Strategies / Trend / Converging Average QQE Threshold

Converging Average QQE Threshold

The strategy buys when a smoothed RSI average rises sharply while a fast average sits above an adaptive average, and sells short on the mirror setup. Each trade uses a stop beyond the signal bar, sized from the 14-bar ATR.

TrendLong & shortSwingGold1 hour
n/aProfit factor
1,542Net profit EUR
16.12%Win rate
2,698Trades
-1,176Max drawdown
0.57Avg trade

Best run of 6. Gold, 1 hour, spread 0.6, from run sweeps:2026-10-12-GOLD-1h-opt.tsv:12.

Entry rules, long

  2. The fast average is above the adaptive converging average.
  3. A long position opens at market when both conditions hold and no long position is open.

Entry rules, short

  2. The fast average is below the adaptive converging average.
  3. A short position opens at market when both conditions hold and no short position is open.

Exit rules

  1. Long stops sit at the signal bar low minus 0.3 times the 14-bar ATR, and short stops at the high plus that amount.
  3. A short position closes at market while the 5-period EMA of RSI is more than 10 points above 50.

Test conditions

PeriodUp to 2026-10-12
InstrumentGold, 1 hour
Spread0.6 points
Starting capital1,000,000
CostsSpread only. Commissions and overnight financing are not included.
BarsUp to 200,000 bars, fewer where the instrument has less history
Last tested2026-10-12

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
GoldBest run1 hourn/a 2,69816.121,542 EUR-1,176
USD/JPYDailyn/a 4501.56625,560 USD-194,300
Nikkei 225Dailyn/a 23321.4640,678 USD-15,333
Silver4 hoursn/a 75618.1224,904 USD-21,405
Brent CrudeDailyn/a 11117.128,694 EUR-5,221
S&P 500Dailyn/a 39511.901,770 EUR-1,456

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Converging Average QQE Threshold
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Trend
// Direction: Long & short
// Timeframe tested: 1 hour
// ==============================================================

DEFPARAM CumulateOrders = false

ONCE ma = 0
ONCE alpha = 0
ONCE fma = 0
ONCE cross = 0

upper = Highest[100](high)
lower = Lowest[100](low)
initma = Average[100](close)

56 more lines: the entry and exit rules.

Setup

How to load it

  1. Copy the code with the copy button on the code block.
  2. In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
  3. Paste the code, give the system a name and save it.
  4. Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

ATREMARSI
Read this firstKnown weaknesses2 points
  • No profit factor is available, because only sweep results exist for this strategy.
  • The maximum drawdown of 1,176 EUR is large next to the net profit of 1,542 EUR.

Questions

About this strategy

Can I run Converging Average QQE Threshold in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 6 market and timeframe combinations. The best run by trade count was Gold, 1 hour, with 2,698 trades.

How large was the drawdown?

The best run had a maximum drawdown of 1,176 EUR at the tested position size, against a net result of 1,542 EUR.

Does it trade long, short or both?

It trades both long and short.

Related

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Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.comStatsDocs