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Simple Systematic Double RSI/Fisher system- 1h-D Time Frames

  • #101
  • Jun 21, 2014 10:30pm Jun 21, 2014 10:30pm
Quoting toledoFX
Last update of the system looks really great. Fisher is slow and don't let enter many nice trades, but it filter some loss trades too. So entries are not often, but they are really profitable. There were only 2 trades this month, but they could bring 250-300 pips. That's really nice. Was looking nice system for Daily charts and i hope i have found it! Thanks! I am in.
Good if someone can write a EA for this system....
  • #102
  • Jun 21, 2014 10:33pm Jun 21, 2014 10:33pm
And I should have added, my apologies to Satic.
  • #103
  • Jun 22, 2014 1:45am Jun 22, 2014 1:45am
Quoting saticdoor86
NZD CHF & EUR USD Red lines--successful trades Green lines- failed trades {image} {image}
I see march/3/2014 NZDCHF daily its totally wrong entry.
regards
fred
  • #104
  • Jun 22, 2014 5:36am Jun 22, 2014 5:36am
In another thread somebody asked if it is possible to make an ea from the system.
first try, the ea can be found at http://www.forexfactory.com/showthre...63#post7552563
PM me with coding requests and I'll probably put you on my ignore list
  • #105
  • Jun 22, 2014 7:40am Jun 22, 2014 7:40am
I even missed one trade. So i see profit trades this month on EUR/AUD, GBP/USD and GBP/JPY. Depends on take profit you could earn more than 300 pips on these trades. Really nice result. Also there was one not good entry on AUD/JPY few days ago, you could lost there about 15 pips. Not a big problem. I like this system, now need to test it in real life. Signals look really nice, there are not many loss entries. Also want to see how works Fisher indicator, because sometimes it cut and don't let enter in good profitable trades. Something to work on. But also it often filter loss trades.
But there are still some questions to fix. Answers will give live trading:
1. How to enter position? Enter it at once when new day starts, or put a pending order on a hi/low of the previous signal candle?
2. Where to put the take-profit and in what situations it's better to fix the profit manually before take-profit hit?
3. Where to put the stop-loss and in what situations it's better to fix the loss manually before stop-loss hit?
4. Is trailing stop needed and when to move the trade to BE?
  • #106
  • Jun 22, 2014 10:45am Jun 22, 2014 10:45am
Quoting fredgold3434
{quote} I see march/3/2014 NZDCHF daily its totally wrong entry. regards fred

yup. my bad. wouldnt have taken that trade either way.
thanks!
  • #107
  • Jun 22, 2014 10:46am Jun 22, 2014 10:46am
Quoting fxdaytrader_
In another thread somebody asked if it is possible to make an ea from the system. first try, the ea can be found at http://www.forexfactory.com/showthre...63#post7552563

hey there, please note the fisher indi uploaded in the other thread is the wrong one.

thanks.
  • #108
  • Jun 22, 2014 10:53am Jun 22, 2014 10:53am
Quoting toledoFX
I even missed one trade. So i see profit trades this month on EUR/AUD, GBP/USD and GBP/JPY. Depends on take profit you could earn more than 300 pips on these trades. Really nice result. Also there was one not good entry on AUD/JPY few days ago, you could lost there about 15 pips. Not a big problem. I like this system, now need to test it in real life. Signals look really nice, there are not many loss entries. Also want to see how works Fisher indicator, because sometimes it cut and don't let enter in good profitable trades. Something to work on....

1) Enter after the candle closes.

2) As for the TP, its entirely up to your discretion. Different currencies have different volatility. therefore the amount of pips can vary.

3) SL- for volatile currencies like EUR AUD or GBP AUD etc- 120 pips is the safest imo.
for other pairs-100 pips.

4) BE would be usually after 70-90 pips. depending on the trader.

BUT then again theres no hard and fast rule. every pairs have their characteristics and anyone has to look at past trades and figure out a good balance.
Have a good day!!
  • #109
  • Jun 23, 2014 4:04am Jun 23, 2014 4:04am
Quoting saticdoor86
{quote} 1) Enter after the candle closes. 2) As for the TP, its entirely up to your discretion. Different currencies have different volatility. therefore the amount of pips can vary. 3) SL- for volatile currencies like EUR AUD or GBP AUD etc- 120 pips is the safest imo. for other pairs-100 pips. 4) BE would be usually after 70-90 pips. depending on the trader. BUT then again theres no hard and fast rule. every pairs have their characteristics and anyone has to look at past trades and figure out a good balance. Have a good day!!
Thank you! And many thanks for a nice system
Also i have another question. Is MACD really needed here? Did some backtests and didn't find any situation, where MACD filtered any deal. It always confirms, if RSI and Fisher confirm. Maybe i am wrong?
  • #110
  • Jun 23, 2014 4:13am Jun 23, 2014 4:13am
Quoting toledoFX
{quote} Thank you! And many thanks for a nice system Also i have another question. Is MACD really needed here? Did some backtests and didn't find any situation, where MACD filtered any deal. It always confirms, if RSI and Fisher confirm. Maybe i am wrong?
hi there, its rarely called upon but there was one or two trades (i cant remb which now, will post it here if i come across it) that macd showed the opposite signal and it turned out to be right.
so its safer to put it there.

  • #111
  • Jun 23, 2014 4:21am Jun 23, 2014 4:21am
Quoting saticdoor86
{quote} hey there, please note the fisher indi uploaded in the other thread is the wrong one. thanks.
thanks a lot for mention this.
hm, which is the right one? the one from post 1 (fisher m11) or the non-repainting one from http://www.forexfactory.com/showthre...25#post7529425 ?
PM me with coding requests and I'll probably put you on my ignore list
  • #112
  • Jun 23, 2014 4:58am Jun 23, 2014 4:58am
Quoting fxdaytrader_
{quote} thanks a lot for mention this. hm, which is the right one? the one from post 1 (fisher m11) or the non-repainting one from http://www.forexfactory.com/showthre...25#post7529425 ?

the m11 on the first post. they both are the same actually.

thank you.
  • #113
  • Jun 23, 2014 5:34am Jun 23, 2014 5:34am
Quoting saticdoor86
{quote} the m11 on the first post. they both are the same actually. thank you.
ok, at first I have added alerts to that indicator (not really tested yet), ...
Attached File(s)
File Type: ex4 Fisher_no_repainting Alerts.ex4   8 KB | 588 downloads
PM me with coding requests and I'll probably put you on my ignore list
  • #114
  • Edited 6:29am Jun 23, 2014 5:55am | Edited 6:29am
ok, quick mod, find the non-repainting-fisher EA for this fisher/rsi-system at http://www.forexfactory.com/showthre...83#post7554283
PM me with coding requests and I'll probably put you on my ignore list
  • #115
  • Jun 23, 2014 6:31am Jun 23, 2014 6:31am
Potential trades for tomorrow:

US/JPY - Sell
AU/CHF-Buy
EU/JPY-Sell
EU/AU-Sell

Can someone confirm/comment? Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 26 KB
Click to Enlarge Name: usdjpydaily.png Size: 27 KB
Click to Enlarge Name: eurjpydaily.png Size: 27 KB
Click to Enlarge Name: audchfdaily.png Size: 26 KB
  • #116
  • Jun 23, 2014 6:47am Jun 23, 2014 6:47am
Quoting tillandran
Potential trades for tomorrow: US/JPY - Sell AU/CHF-Buy EU/JPY-Sell EU/AU-Sell Can someone confirm/comment? Thanks {image} {image} {image} {image}
Yep, that look nice. All trades are following trend, so there is no big risk. The only thing that i can tell, that there is some support level on EUR/AUD at 1.4350, where previous local low is.
  • #117
  • Jun 23, 2014 7:44am Jun 23, 2014 7:44am
I was looking for an RSI Cross Indicator....with alerts...found it....

Attached File(s)
File Type: mq4 Rsi CelticHeart.mq4   3 KB | 675 downloads
  • #118
  • Jun 23, 2014 7:49am Jun 23, 2014 7:49am
Quoting toledoFX
{quote} Yep, that look nice. All trades are following trend, so there is no big risk. The only thing that i can tell, that there is some support level on EUR/AUD at 1.4350, where previous local low is.
Thanks for the feedback.

Let's how it goes tomorrow. Cheers
  • #119
  • Jun 23, 2014 8:44am Jun 23, 2014 8:44am
Quoting tillandran
{quote} Thanks for the feedback. Let's how it goes tomorrow. Cheers
can you explain to me how to set the ts? thanks
  • #120
  • Jun 23, 2014 8:51am Jun 23, 2014 8:51am
Sorry. I wrong .
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