Need help with Fisher Yurik histogram system

Hi everybody.

I was trying to creat as easy as possible system which can suit me (i have full time job). I found on FF very good indicator Fisher Yurik and i tried different settings and then i backtested it. It made 5800 pips for year 2006. I did the backtest manually.

I was using daily chart GBP/USD and Fisher Yurik Histogram with period 5. Then i draw two lines in. 0.3 and -0.3.

Opening positions are done on the begining of day (I am GMT+1).

Open Buy position if histogram is showing value bigger then 0.3.
Open Sell position if histogram is showing value smaller then -0.3.

Close on the end of the day or if StopLoss 50 pips is hit.

I didnt make a forward testing and I found out that the values of histogram are changing they are not standing still after close of day.

I think this system can be still profitable because the values are not changing rapidly. Actually I am trading it live now with micro account.

Is somebody also using this indicator with maybe some another tools?

Waiting for your suggestions and improvments.
Sorry english is not my native language.

Peter

That indicator repaints. It's useless.

I believe it re-draws itself. I don't use it therfore. Its a bit like Solar Wind indicator ..... IMO ...... just put it in search window .....


Here is a MACD Histogram that seems to work nicely .....

http://www.forexfactory.com/showthre...ram#post207394

Here you can find the Correcte Fisher that does not re-paint:
http://www.forexfactory.com/showpost...postcount=1567

http://www.forexfactory.com/images/attach/mq4.gif Fisher_Yur4ik_Correct.mq4 (2.2 KB, 292 views)

I was just about to post the correct fisher yurik that does not repaint, you beat me to it.

hope this helps

Thankx a lot guys i will try another histogram.

peter