
Kickstarting Your Prop Trading Journey: A 3-Step Game Plan

Step 1: Choose Your Battlefield β Pick the Right Prop Firm – Not all prop firms are created equal. Take time to research and pick one that aligns with your trading style, profit split expectations, and account size goals.

Step 2: Craft Your Arsenal β Build Automated Strategies in StrategyQuant X -Fire up StrategyQuant X and start building your edge. Whether you’re into breakout systems or mean reversion magic, this is where your algo army comes to life

Step 3: Deploy and Conquer β Trade Your Bots on a VPS Using MT5 – No sleep, no downtime. Set up your strategies on a reliable VPS and run them 24/7 on MT5, ensuring consistency, speed, and maximum uptime for your trading operation.
To develop a solid and diverse trading strategy, you need a collection of uncorrelated financial instruments. By combining assets that don’t move in the same direction, you can minimize risk and improve performance. Here are a few uncorrelated instrument combos and what kind of strategies you might want to test with each combination.
1οΈβ£ The Global Powerhouse Combo:
- EURUSD (Euro/US Dollar)
- GBPJPY (British Pound/Japanese Yen)
- XAUUSD (Gold)
- NAS100 (Nasdaq 100)
- USDCHF (US Dollar/Swiss Franc)
- AUDUSD (Australian Dollar/US Dollar)
- USDJPY (US Dollar/Japanese Yen)
- WTI Crude Oil (XTIUSD)
2οΈβ£ The Cross-Continent Powerplay Combo:
- AUDJPY (Australian Dollar/Japanese Yen)
- USDCHF (US Dollar/Swiss Franc)
- USDZAR (US Dollar/South African Rand)
- EURGBP (Euro/British Pound)
- USDCAD (US Dollar/Canadian Dollar)
- XAUUSD (Gold)
- GBPUSD (British Pound/US Dollar)
- DXY (US Dollar Index)
3οΈβ£ The Emerging Markets Divergence Combo:
- USDTRY (US Dollar/Turkish Lira)
- USDZAR (US Dollar/South African Rand)
- EURUSD (Euro/US Dollar)
- XAUUSD (Gold)
- USDCAD (US Dollar/Canadian Dollar)
- GBPJPY (British Pound/Japanese Yen)
- NZDUSD (New Zealand Dollar/US Dollar)
- DAX (Germanyβs Stock Market)
4οΈβ£ The Equities & Commodities Heavyweights Combo:
- SP500 (US Stock Market)
- DAX (Germanyβs Stock Market)
- XAUUSD (Gold)
- USDCAD (US Dollar/Canadian Dollar)
- FTSE 100 (UK Stock Market)
- WTI Crude Oil (XTIUSD)
- EURJPY (Euro/Japanese Yen)
- NASDAQ 100 (Nasdaq 100)
5οΈβ£ The Pacific Rim Swing Combo:
- AUDUSD (Australian Dollar/US Dollar)
- NZDUSD (New Zealand Dollar/US Dollar)
- USDJPY (US Dollar/Japanese Yen)
- XAUUSD (Gold)
- GBPUSD (British Pound/US Dollar)
- USDCHF (US Dollar/Swiss Franc)
- USDCAD (US Dollar/Canadian Dollar)
- EURJPY (Euro/Japanese Yen)
6οΈβ£ The Diverse Risk Mix Combo:
- USDJPY (US Dollar/Japanese Yen)
- XAUUSD (Gold)
- GBPUSD (British Pound/US Dollar)
- EURUSD (Euro/US Dollar)
- WTI Crude Oil (XTIUSD)
- SP500 (US Stock Market)
- USDCAD (US Dollar/Canadian Dollar)
- DXY (US Dollar Index)
7οΈβ£ The Energy-Equity Combo:
- XTIUSD (Crude Oil)
- SP500 (US Stock Market)
- EURUSD (Euro/US Dollar)
- XAUUSD (Gold)
- USDJPY (US Dollar/Japanese Yen)
- DAX (Germanyβs Stock Market)
- USDCAD (US Dollar/Canadian Dollar)
- GBPUSD (British Pound/US Dollar)
8οΈβ£ The Global Divergence Combo:
- EURUSD (Euro/US Dollar)
- GBPJPY (British Pound/Japanese Yen)
- AUDUSD (Australian Dollar/US Dollar)
- XAUUSD (Gold)
- USDJPY (US Dollar/Japanese Yen)
- USDCAD (US Dollar/Canadian Dollar)
- NZDUSD (New Zealand Dollar/US Dollar)
- FTSE 100 (UK Stock Market)
Final Tips:
When selecting combinations of instruments, remember that uncorrelated assets can help reduce risk and open the door to a variety of strategies. By experimenting with trend-following, mean reversion, or momentum strategies, you’ll be able to find the most suitable trading style for your instruments. Happy strategy building!
Hit me up in contact page if you have any questions.
StrategyQuant X Trading Recipes: The Ultimate Guide to Building Smarter H1 and H4 Strategies
At No Nonsense Trader, we donβt just build random algos and hope for the best. We build with intention.
If you’re using StrategyQuant X (SQX) to generate trading strategies, it’s time to ditch the randomness and start building like a pro. This guide gives you a complete blueprint β categorized trading strategies, intelligent indicator combinations, proper order types, and stop/limit logic that aligns with how markets actually move.
π The 7 Strategy Categories You Should Focus On
These are the foundational types of trading strategies youβll want to organize your SQX builds into:
Volatility-Based β Capitalize on volatility expansion or contraction.
Trend-Following β Ride the wave after confirmation.
Mean Reversion β Snapbacks from overbought/oversold zones.
Breakout β Trade explosive moves post-consolidation.
Momentum β Enter fast when markets are heating up.
Range-Bound β Fade highs and buy lows in sideways markets.
Counter-Trend β Go against the move with timing precision.
Recipe-Style Indicator Combos for Each Strategy
These are plug-and-play combinations that match each categoryβs logic. Use them in your SQX strategies or modify for your own builds:
β Trend-Following Building Blocks
- Hull MA + Super Trend + Linear Regression
- Kaufman’s Adaptive MA + PSAR
- EMA(50/200) Cross + GannHiLo
- Ichimoku Kumo breakout + ADX filter
- TEMA + MACD histogram rising
π(Download Below)π
β Mean Reversion
- Bollinger Bands + RSI(2 or 5)
- VWAP + CCI
- Keltner Channel + Fractal bounce
- Heiken Ashi Close vs SMA(20)
- Fibonacci retracement + Stochastics
π(Download Below)π
β Breakout
- Bollinger Band Width expanding + Daily High Break
- Session High/Low + MACD cross
- Highest in Range (20) + ATR rising
- Fractal breakout + Volume surge
- Super Trend Flip + PSAR shift
π(Download Below)π
β Momentum
- Momentum + MACD acceleration
- RSI(14) > 70 + EMA slope
- Vortex Indicator + Linear Regression breakout
- CCI > 100 + VWAP Cross
- Stochastic + ATR combo
π(Download Below)π
β Range-Bound
- Bollinger Bounce + RSI 50 cross
- Pivot Point fades + Fractals
- Session High/Low rejections + PSAR
- Keltner channel reversals + Heiken Ashi
- SMA(20) retracements + True Range
π(Download Below)π
β Counter-Trend
- Fibonacci pullback zone + RSI divergence
- BB overshoot + MACD reversal
- Super Trend retrace + CCI reversal
- Fractal + PSAR switch
- GannHiLo counter move + Stochastics
π(Download Below)π
β Volatility-Based
- ATR spikes + Momentum breakout
- BB Width Expansion + Fractal confirmation
- True Range break + VWAP position
- Ulcer Index spikes + Linear Weighted MA
- Session Range explosion + Volume confirmation
π(Download Below)π
π Best Order Types for Each Strategy Style
Choosing the right order type is critical:
Order Type | Best For |
---|---|
Market | Momentum, trend entry, simple triggers |
Market Enter/Reverse | Fast signal flips (rarely used in swing) |
STOP Order | Breakouts, volatility surges, trend continuation |
LIMIT Order | Pullbacks, mean reversion, counter-trend |
π― Smart Entry Anchors: Where to Place Your Stop/Limit Orders
Instead of random levels, anchor your entries to smart price reference points:
Common Anchors:
- EMA / SMA / Hull MA
- VWAP
- GannHiLo
- Fractals
- Pivot Points
- Heiken Ashi (Open/Close)
- Session/Daily/Weekly Highs & Lows
- Ichimoku
- Super Trend
π Dynamic Stop/Limit Ranges: Volatility-Aware Trading
Use dynamic ranges to offset your orders with market context:
Stop/Limit Price Ranges:
- ATR / MT ATR
- Bollinger Band Width (BBWR)
- True Range
- Fixed Pips
- Bar Range
- Biggest / Smallest Range
π‘ Example Logic in StrategyQuant X:
Buy Stop = EMA(20) + 1.5 Γ ATR(14)
Sell Limit = Lower Bollinger Band – 0.75 Γ BBWR
π§ Final Thoughts
This is how pro-level strategy generation happens in SQX. You donβt just randomly mutate code. You create structured, logical, and intelligent recipes that are aligned with the markets.
β
Organize your strategies by type
β
Match them with proven indicator combos
β
Choose the right order type
β
Anchor entries to intelligent price points
β
Offset with volatility-aware ranges
π₯ Want a StrategyQuant X Template Pack?
If you want ready-to-import strategy templates for any of these categories, or help customizing entries with SQX blocks β hit me up through the contact.
Youβll never build strategies the same way again.