Fisher | Forex Indicator Download - MT4/MT5 Resources | MT4/MT5 Download
This post has been moved to the journal forum
http://www.forexfactory.com/showthre...=1#post3121170
(Note: This is a work in progress. We will post updates as time goes by. Standalones and templates can be found by clicking the "paperclip" in the upper right corner of the page)
Fisher : High Probability Trading Strategies.
The Fisher indicator at the bottom of the chart gives an entry signal .
When the indicator crosses the 0 line . Wait for the second column to confirm the new direction.
I'm using 55, the default setting is 10.
Exits are based on several considerations, pivot points, 200EMA, trend lines.
Initial stop loss is set around 20 pips, sometimes more sometimes less, it also depends on other conditions, pivot points, etc...
This is a high probability trading strategy. This means that the likelihood of success is greater than the likelihood of loss, so sometimes it is acceptable to take more risk with a stop loss than with a limit price. Occasional failures can easily be offset by more successes. Sometimes a sharp stop loss is needed to prevent premature stop loss.
I always test new strategies in demos. Everything else is just a waste of money.
I do not guarantee the results of this strategy. I'm testing it and welcome forum traders to provide insights and suggestions for improvements.
An ea can be great at some point because it seems to fit a person easily. I don't know how to code, so I'm not sure how difficult it is to code.
Attached is a snapshot of my template. (I love blue. It keeps me cool.)
The two graphs are 5m and 15 m respectively. Taking signals at 5m, referencing 15m helps to set stops and limits, identify trends as well as support and resistance and confirm the strength of the trend on 5m.
An audible alarm when the Fisher crosses the zero line will be first class.
One ratio can also be closed.
Thanks in advance to anyone willing to put this together...
Lots of points for you and your…
Wish everything goes well.
GW 34
http://www.forexfactory.com/showthre...=1#post3121170
(Note: This is a work in progress. We will post updates as time goes by. Standalones and templates can be found by clicking the "paperclip" in the upper right corner of the page)
Fisher : High Probability Trading Strategies.
The Fisher indicator at the bottom of the chart gives an entry signal .
When the indicator crosses the 0 line . Wait for the second column to confirm the new direction.
I'm using 55, the default setting is 10.
Exits are based on several considerations, pivot points, 200EMA, trend lines.
Initial stop loss is set around 20 pips, sometimes more sometimes less, it also depends on other conditions, pivot points, etc...
This is a high probability trading strategy. This means that the likelihood of success is greater than the likelihood of loss, so sometimes it is acceptable to take more risk with a stop loss than with a limit price. Occasional failures can easily be offset by more successes. Sometimes a sharp stop loss is needed to prevent premature stop loss.
I always test new strategies in demos. Everything else is just a waste of money.
I do not guarantee the results of this strategy. I'm testing it and welcome forum traders to provide insights and suggestions for improvements.
An ea can be great at some point because it seems to fit a person easily. I don't know how to code, so I'm not sure how difficult it is to code.
Attached is a snapshot of my template. (I love blue. It keeps me cool.)
The two graphs are 5m and 15 m respectively. Taking signals at 5m, referencing 15m helps to set stops and limits, identify trends as well as support and resistance and confirm the strength of the trend on 5m.
An audible alarm when the Fisher crosses the zero line will be first class.
One ratio can also be closed.
Thanks in advance to anyone willing to put this together...
Lots of points for you and your…
Wish everything goes well.
GW 34
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