QFL (Quickfingers Luc) is a trading strategy that identifies price support levels, known as "bases," and looks for potential dead cat bounces to open trades.
⚠️ Important Note!
This strategy is ONLY for LONG trading and is not designed for short positions.
🛠 How QFL Works
The strategy detects bases where the price has historically found support.
After a price drop below the base, the bot anticipates a bounce and starts opening new deals.
This follows the dead cat bounce model, where a temporary price recovery occurs after a sharp decline.
📌 QFL Strategy Customization
Drop Percentage (Base Drop %): The bot will wait until the price drops a specific percentage below the base before opening a new deal.
Example: If set to 3%, the bot waits for the price to drop 3% below the base before executing a trade.
Lower Drop = Fewer Trades: The higher the required price drop, the less frequently new deals will open.
🛠 Available QFL Algorithms
Algorithm | Description |
Original | Uses 1H candles and open & close prices. |
Day Trading | Uses 1H candles, waits for lower drops. |
Conservative Trader | Uses 2H candles, waits for even lower drops. |
Position Trader | Uses 4H candles, waits for the lowest possible drop. |
📖 Learn More
For a full explanation of the QFL strategy and how it works, check out these resources:
🔗 Quickfingers Luc’s Steemit page: https://steemit.com/@quickfingersluc
Happy trading! 🚀