Fisher

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

here's a trade on demo.
Fisher seems to have a leading indication... gets into trade before the ema's cross...

Hi

Lucing nice, wots you back test resalt?

Zuma

....

....

I know. It's looking too good to be true.
No back tests. Am only testing on demo during live sessions...
taking my breath away so far....
let's make some money, yeehaw...

checked for a fisher signal on the 15.
switched from the 5 min chart to the 15 and moved the limit up

a retracing, is it a failed attempt at upside?
From the looks of the long downside wick on the earlier candle it seems to indicate that upside is stronger at this point...
never know for sure....
a rebound to the 200ema is reasonable...
that's why I want to open 2 positions for a trade. I could close one early on before any retracing and the risk of reversal and let the other position ride...

Did you get some bad trades on the 5 min or just want to
demo the 15 min now?

Brian

The original trade was on a signal from the 5 m. After it was moveing nicely I checked the 15 minute and saw a Fisher buy signal there too, so I upped the limit and changed from a trade on the 5 m to a trade on the 15 m thinking to try to capture a bigger move.

Now I am thinking I should have also checked the 1 minute...

that may be how to know when to close the first position, when fisher on the 1m dips below the 0 line. fisher 5 m still positive, 15m still positive.

This is what the 1 m looks like

looks like short term trend in tact...

testing the 200 ema on the 5m

hi,it seems a very accurate indi by visual backtesting,my Q: does fisher repaint?,the ema's are 13,25 and 200 to close,right?

it was a winner, still more to run, but reached the limit on the 15 min

Loser strategy

Isn't the reason that Fisher appears to be such an attractive indicator is because it repaints the bars? I may be wrong cause it's been years since I looked at it.

I have been testing this one for a while now and I have not seen it repaint.
Only thing is the bar must close for it to be a signal. While the bar is open it can show a signal and then just before it closes reverse so no signal. That's why I wait until opening of the second bar.
Have not seen it repaint once it closes....
Once it closes it's closed...

ah I searched now... the one that repainted was called FX_Fish.mq4 - it was like the Holy Grail of Indicators lol... at least if you looked at historical data.

You are right, it repaints. See attached image, I did an EA and backtested for a while and in real time it gets lots of false signals.

Check out this thread too http://www.forexfactory.com/showthread.php?t=16602, it pretty old.

I think it's useless in real trading or at least as bad as other indicators.

is it the same indicator as where posted others say there are different fisher indicators ??

best regards and also he seems to take trades in real time and it works so far if it repaints you just cant make the backtest.


best regards