Hello everyone, wanna share a simple system that I came across that really looks interesting.
Constructive Comments and opinions are welcome.
Do not add any other indicators as it will just become too messy and lose focus.
Chart Setup
RSI 2
RSI 12 in the same window.
Fisher -Period 10
Long Entry-
1) RSI 2 crosses 30 upwards and cuts the RSI 12
2) Fisher is green
Short Entry-
1) RSI 2 crosses 70 downwards and cuts RSI 12
2) Fisher is red
Note: for those who love to say this repaints, that repaints, WAIT for candle close!
On the DAILY chart that I have posted, I have marked out two possible entries
with the purple lines. Both which made 100+ pip moves.
R/R- Own Discretion.
For SL, I use 100 pips
and TP is trailing stop.
I try not to risk more than 3% of my overall capital.
And its easy to point back at charts and show possible entries BUT i'll be showing Possible trades that I am personally taking.
Will post more examples soon.
Cheers!
Constructive Comments and opinions are welcome.
Do not add any other indicators as it will just become too messy and lose focus.
Chart Setup
RSI 2
RSI 12 in the same window.
Fisher -Period 10
Long Entry-
1) RSI 2 crosses 30 upwards and cuts the RSI 12
2) Fisher is green
Short Entry-
1) RSI 2 crosses 70 downwards and cuts RSI 12
2) Fisher is red
Note: for those who love to say this repaints, that repaints, WAIT for candle close!
On the DAILY chart that I have posted, I have marked out two possible entries
with the purple lines. Both which made 100+ pip moves.
R/R- Own Discretion.
For SL, I use 100 pips
and TP is trailing stop.
I try not to risk more than 3% of my overall capital.
And its easy to point back at charts and show possible entries BUT i'll be showing Possible trades that I am personally taking.
Will post more examples soon.
Cheers!
Attached File(s)
Fisher_m11.mq4
6 KB
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1,295 downloads
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Uploaded Jun 22, 2014 11:47am
Fisher_m11.ex4
5 KB
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948 downloads
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Uploaded Jun 22, 2014 11:48am