This thread has moved to Journals Forum
http://www.forexfactory.com/showthre...=1#post3121170
(NOTE: This is a work in progress. Will post updates as we go. Indies and templates can be found by clicking on the "paper clip" upper right hand corner of the page)
Fisher: A high probability trading strategy.
The Fisher indicator at the bottom of the chart gives the entry signals.
Enter when the indicator crosses the 0 line. Wait for the 2nd bar to confirm the new direction.
I'm using 55, default setting is 10.
Exiting is based on several considerations, pivot points, the 200ema, trend lines.
Initial stop loss is set to around 20 pips, sometimes more sometimes less, again this also depends on other conditions, pivot points, etc...
This is a high probability trading strategy. Which means the likelihood of successes out-ways that of losses, as such it is acceptable to sometimes have take a higher risk for the stop than for the limit. An occasional loss can be easily offset by the number of many more successes. Sometimes a large stop is necessary to prevent getting stopped out too early.
I always test a new strategy on a demo. Anything else is just throwing money away.
I do not guarantee results with this strategy. I am in the process of testing it and welcome insights and suggestions for improvements from the forum traders.
An ea would at some point would be fantastic, as it seems like it would lend itself to one fairly easily. I don't know how to code so I don't know for sure how difficult it would be to code it.
A snapshot of my template is attached. (I like blue. It helps to keep me a little cooler.)
The two charts are the 5m and 15 m. Signals are taken on the 5m, with reference to the 15m helpful for setting stops and limits, identifying trends and support and resistnaces and confirming the strength of the trend on the 5m.
A sound alert for the Fisher indi for a cross of the zero line would be first class.
One than can be turned off also.
Thanks in advance to anyone willing to put it together....
Many pips to you and yours.....
Best wishes and all success.
jiva34
http://www.forexfactory.com/showthre...=1#post3121170
(NOTE: This is a work in progress. Will post updates as we go. Indies and templates can be found by clicking on the "paper clip" upper right hand corner of the page)
Fisher: A high probability trading strategy.
The Fisher indicator at the bottom of the chart gives the entry signals.
Enter when the indicator crosses the 0 line. Wait for the 2nd bar to confirm the new direction.
I'm using 55, default setting is 10.
Exiting is based on several considerations, pivot points, the 200ema, trend lines.
Initial stop loss is set to around 20 pips, sometimes more sometimes less, again this also depends on other conditions, pivot points, etc...
This is a high probability trading strategy. Which means the likelihood of successes out-ways that of losses, as such it is acceptable to sometimes have take a higher risk for the stop than for the limit. An occasional loss can be easily offset by the number of many more successes. Sometimes a large stop is necessary to prevent getting stopped out too early.
I always test a new strategy on a demo. Anything else is just throwing money away.
I do not guarantee results with this strategy. I am in the process of testing it and welcome insights and suggestions for improvements from the forum traders.
An ea would at some point would be fantastic, as it seems like it would lend itself to one fairly easily. I don't know how to code so I don't know for sure how difficult it would be to code it.
A snapshot of my template is attached. (I like blue. It helps to keep me a little cooler.)
The two charts are the 5m and 15 m. Signals are taken on the 5m, with reference to the 15m helpful for setting stops and limits, identifying trends and support and resistnaces and confirming the strength of the trend on the 5m.
A sound alert for the Fisher indi for a cross of the zero line would be first class.
One than can be turned off also.
Thanks in advance to anyone willing to put it together....
Many pips to you and yours.....
Best wishes and all success.
jiva34
Attached File(s)