Note: have started new discussion to identify the strategy to earn 3 to 5 pips. I will keep posting screenshots and will help in answering the questions of new traders. You can find the post on page 17.
Welcome to our HistoBollinger thread. We will use very common indicator with some modifications. HistoBollinger is very easy to use. HistoBollinger minimize the risk so that you will have more positive results. I do not want to add any other indicators but if you want to use it for your satisfaction then you are welcome but do not ask me to add indicators in this thread.
Note: First try on Demo account.
Time Frame :H1
Note: Please change the Period of FS30_Histogram from 10 to 9. Updated Dec 14, 2012
- When value of Fisher and FS30_Histogram (Period = 9) turns less than zero and SSL bar is red after closing the candle .
Close the trade when FS30_Histogram value turns into positive value.
- When value of Fisher and FS30_Histogram (Period = 9) turns greater than zero and SSL bar is green after closing the candle .
- Exit Strategy:
Close the trade when FS30_Histogram value turns into negative value.
Note: Use H1 time frame and make sure that SSL indicator has H4 in the title of indicator.
Thanks to RoyPK and EasyRyder for providing template and indicators. I liked the template and Fisher indicator of RoyPK and indicator of EasyRyder but still i have added histogram. All three indicators should match before entry.
Histogram indicator and Template file is attached.
When to use:Use this this system during EU and US session
When Not to use:Be careful before any important (Red Report in Forexfactory.com) report is released.
Many traders visited this thread and some of them worried about repainting of indicator. I want to say that if you involve some risk then you have higher win but there are many new traders and they have focus to have positive result in the beginning. So for new traders i brought update (SSL Bar H4).