Skip to main content

Forex strategy based on the indicators - fisher (Fisher) - profit 164 points

Forex strategy based on the indicators - Fisher (Fisher) - profit 164 points



The only thing I advise you to change the colors in the indicator Fisher1, to improve visibility (in the pattern contrast and colors are well matched, the color changing is necessary only if you put the indicators manually). Recommend (the Color of the indicator Fisher1): 0. White, 1. Blue, 2. Magenta. On varmov same put: 0. Black, 1. Blue, 2. Magenta.

If the sounds are issued periodically indicators, hinder, you can completely disable the sounds in the MetaTrader. And experiment with the settings Fisher1 10 and 55. The market is constantly changing.

To trade on this strategy, I recommend through Broker Forex4you

Buying on indicator Forex strategy “Fisher” (the Fisherman) is when all 3 indicators are one color - blue. Entry point - a new candle.

Stop Loss set on the level of a local minimum in the borders of the few candles. That is, if the local minimum was 4 candles back, Stop Loss at its Low.
Take Profit do not put. The transaction closed after the color change indicator Fisher1 (55) - a reversal signal a long-term trend. You can use Fisher1 (10), but, as you remember, he gives characterized by shorter-term trend and can change color when short-term pullbacks.

For transactions on sale - the mirror-symmetric conditions.

Example - EURUSD, M5.

06.05.2011 18.25 all 3 indicators of the same color, have a buy signal (1,4506). The opening of the next candle sell (Sell). The observed position or put a trailing stop (15-25 points or more). In 22.05 have a color change on the indicator Fisher1 (10). You can leave the position is closed at 1,4342. We received income in the amount of 164 points.

Note, in this example, it is better, if any of Fisher1 (or 10, or 55) has changed the color because it's Friday. If you look at the graph further shows that on Monday, the market opened with a big gap against us (G).

Remember that the profitability of trade is highly dependent on your chosen broker!


Comments

Popular posts from this blog

Pin Bar Trading Strategy - Price Action Setups

Pin Bars - Price Action setups The tops of the bars on each side "nose" are the "eyes". Please note that Open and Close PB, ie nose should be in the redistribution of the left eye. Pin-bar can be traded as a single figure, and in combination with others. These include Fibonacci levels, important pivot levels (reversals), moving averages, peaks and main swing, fusion (the MA or Fib levels), rollbacks of current movements (not less than 23% Fib). For greatest reliability worth trade PB occurring at the maximum or minimum swing, or repelled from the merger. Figure 2 PinBar - a very reliable pattern Price Action. Trading on the pin-bars For beginners we recommend to put a stop order (or limit) directly under the base of the PB, about 10 points lower. Foot and input orders should be placed in 10 locations from the extrema, as the price may be a bit to go beyond the maximum or minimum. Figure 3 If current orders we receive profits, trail the

Leverage Forex, what is better to choose?

Leverage Forex, what is better to choose? So, what is meant by the definition of “ leverage Forex ”? It is the ratio of the volume with which the trader works to the total amount of funds held in the account. This ratio is designated as 1:100 (pronounced - one in one hundred). That is, having the Deposit, say, $ 100, you can trade in the amount of $ 10,000.  Values leverage Forex can be different. A good Forex broker provides leverage Forex from 1:20 to 1:500. The last option is very risky, although good traders salpingotomy and/or other aggressive trade. Optimal consider the ratio of 1:100, with the option risks:yield as balanced as possible. Special attention to the choice leverage Forex should be given to new traders. Because the maximum degree of risk in each transaction is considered to be 1-3% of the Deposit. The higher this will leverage Forex, the higher the risk of loss of Deposit. Accordingly, reducing the leverage of Forex (and, hence, the volume of trading p

Model absorption - price action setups

Model absorption - Price Action setups Because of the contrast, MP for the trader relatively high probability of a good, profitable entry into the market. Required components of the bright signal - 2 candles that follow one after the other (or bullish and bearish or vice versa). In this case, the second candle surpasses the first value of his body, as if absorbing it. Fig.1 Bullish and bearish absorption For MP important are the following conditions: 1. Presence of a pronounced upward or downward trends can be short. 2. The body of the second candle should be more (absorb) the body first. Shadows can not be absorbed, then the signal is considered to be weaker. 3. The body of the second candle should be a contrast in color to the body first. Exception: a small body of the first candle ( Dodge or close to it). Figure 1 you can see both versions of the MP. Cover only the size of the body of the second candle, not its shadows. Bear MF often represented by a small candle of any color (