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

  • #141
  • Jun 29, 2014 9:12am Jun 29, 2014 9:12am
Wouldn't just be simpler by replacing fisher with Trix indicator?

Attached File(s)
File Type: ex4 THV3 Trix v4.01 Div.ex4   30 KB | 643 downloads
  • #142
  • Jun 30, 2014 2:39am Jun 30, 2014 2:39am
Quoting ranger_lp
Wouldn't just be simpler by replacing fisher with Trix indicator? {file}
hi ranger
what TF this indi works best?
and what pairs?
thanks
fred
  • #143
  • Jun 30, 2014 6:01am Jun 30, 2014 6:01am
Quoting fredgold3434
{quote} hi ranger what TF this indi works best? and what pairs? thanks fred
From personal experience and what I have read, the Trix indicator can be used on any TF or pairs. I just don't remember hearing about this indicator repainting. It's used in the famous THV strategy. The Fisher indicator is just like the Solar Wind indicator and others like it and is renown for its repainting abilities.
  • #144
  • Jun 30, 2014 8:20am Jun 30, 2014 8:20am
Hi,

Thank you for the nice input and the interessting idea with rsi crossover entry. One question: how do you handle trades which are going in the wrong direction? Do you close them if appears signal in other direction, or do you close after some time before hit sl or do you every trade let run until the end?

Thank you
  • #145
  • Jun 30, 2014 10:04am Jun 30, 2014 10:04am
can someone post trades currently possible? thk
  • #146
  • Jul 1, 2014 6:08am Jul 1, 2014 6:08am
GBPJPY 119 pips:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 79 KB
  • #147
  • Jul 1, 2014 8:51am Jul 1, 2014 8:51am
Quoting ranger_lp
GBPJPY 119 pips: {image}
if you have other. send.
  • #148
  • Jul 1, 2014 11:43am Jul 1, 2014 11:43am
Quoting ranger_lp
GBPJPY 119 pips: {image}
Really nice. Had a look on 4H charts and i should say that this system works well for this timeframe too. Just need to backtest and make some clear rules.
What indi do you have on the bottom of your GBP/JPY chart?
  • #149
  • Jul 1, 2014 12:13pm Jul 1, 2014 12:13pm
Quoting toledoFX
{quote} Really nice. Had a look on 4H charts and i should say that this system works well for this timeframe too. Just need to backtest and make some clear rules. What indi do you have on the bottom of your GBP/JPY chart?
I still have the Fisher indicator (looking for something to replace it, but I can deal w/it on 4H). I tried using the THV4 Trix, but the divergence could confuse some. I'm also using a MACD 6,8,4 as someone suggested.

Attached File(s)
File Type: mq4 MACD_ColorHist_Alert.mq4   11 KB | 464 downloads
  • #150
  • Jul 1, 2014 1:02pm Jul 1, 2014 1:02pm
Quoting ranger_lp
{quote} I still have the Fisher indicator (looking for something to replace it, but I can deal w/it on 4H). I tried using the THV4 Trix, but the divergence could confuse some. I'm also using a MACD 6,8,4 as someone suggested. {file}
Oh ok, i understand now. You have some other 4H candles because of broker time i guess, so we have not similar Fisher signals too. How do you trade RSI? For long you enter just RSI go up from 30 area or you wait when it come and cross 70 area? Sometimes it takes much more than just 1 candle.
  • #151
  • Jul 1, 2014 1:30pm Jul 1, 2014 1:30pm
Quoting toledoFX
{quote} Oh ok, i understand now. You have some other 4H candles because of broker time i guess, so we have not similar Fisher signals too. How do you trade RSI? For long you enter just RSI go up from 30 area or you wait when it come and cross 70 area? Sometimes it takes much more than just 1 candle.
RSI Cross from 30 area. I got in late in this case (I'm looking @ 20 pairs) so I like using the RSI Celtic Cross to alert me (but it does happen 1 to 2 candles after the fact). Fisher was green and MACD crossed upward. No brainer trade. I added the semaphor indicator to let me know when to get out and I'm using Nihlist's ADX indicator to keep me in the trade (shout out to forexalien).

FXCM is on GMT time so the difference in candles.
  • #152
  • Jul 1, 2014 9:04pm Jul 1, 2014 9:04pm
I'm curious about GBPCAD. I'm thinking RSI 2 is going to bounce off of RSI 12 or move just slightly about it to come back down again. Fisher looks like it's going red and MACD is headed for move below 0 line. Might be a sell soon, but not yet.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadh40701.png Size: 75 KB
  • #153
  • Jul 2, 2014 7:27am Jul 2, 2014 7:27am
Hi ranger,

Thank you for the nice input. One question: how do you handle trades which are going in the wrong direction? Do you close them if appears signal in other direction, or do you close after some time before hit sl or do you every trade let run until the end until sl?

Thank you
  • #154
  • Jul 2, 2014 8:41am Jul 2, 2014 8:41am
Quoting kleybenny
Hi ranger, Thank you for the nice input. One question: how do you handle trades which are going in the wrong direction? Do you close them if appears signal in other direction, or do you close after some time before hit sl or do you every trade let run until the end until sl? Thank you
Hi Kleybenny:

First of all, it's not my system so I didn't make the rules for trading. But I'm seeing results with this system where other systems I have used didn't work for me. So I'm going to use this awhile and see if using this is feasible for live trading. I am hopeful here.

The way I have been using it is that I don't close when it goes in the other direction and let it hit the SL if things go south. It's important with any system that you keep abreast of the news and have some sort of news indicator to let you know that you might want to get out of a position if necessary. It is also the reason that I like having the currency strength indicator to give me another piece of information to make a semi-intelligent decision wrt a trade. Trading on 4H means draw down so having a 50 pip SL for example is certainly not uncommon. It goes without saying that you will not find a system that is 100% wins, so losses are expected.
  • #155
  • Edited 5:09pm Jul 3, 2014 2:32pm | Edited 5:09pm
wow... Didn't watch this system past few days and missed really good signals. Did anyone take this: EUR/JPY, GBP/JPY, GBP/CHF and CHF/JPY?
  • #156
  • Jul 3, 2014 7:48pm Jul 3, 2014 7:48pm
Current position. Overall the result is positive. I am confident this system can profit in long run. Just need to be a little bit patient.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.JPG Size: 78 KB
  • #157
  • Jul 4, 2014 3:48am Jul 4, 2014 3:48am
Quoting tillandran
Current position. Overall the result is positive. I am confident this system can profit in long run. Just need to be a little bit patient. {image}
Nice! You trade only 4H? What are your rules of exit and usual SL and TP?
  • #158
  • Jul 4, 2014 5:09am Jul 4, 2014 5:09am
hey tillandran,

great trading.

Have a good day.
  • #159
  • Jul 4, 2014 10:12am Jul 4, 2014 10:12am
hello, i am in this forum. i have read this thread and i found this tradingsystem very interessting. @prudente02 is it possible to post the rsi5 ema3 mtf ex4 and the rk ml rsi ema mtf ex4 files ? without these files it does not work in my mt4 .
  • #160
  • Jul 4, 2014 11:18am Jul 4, 2014 11:18am
Quoting toledoFX
{quote} Nice! You trade only 4H? What are your rules of exit and usual SL and TP?

I am using this for Daily TF only.

I have no rules for TP as I am testing this strategy. Anything between 50 - 100 pips for TP looks good.
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