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Monday, December 23, 2024

Forex Trading Guide 2021: Fisher Trading Strategy

The Fisher strategy is suitable for all popular currency pairs and for time frames from 5 minutes. This trading system uses two popular forex indicators: custom Fisher1.mq4 and varmov.ex4.

These indicators must be installed with the following settings:

1) Fisher1 (with a period of 55) defines a longer-term trend;

2) Fisher1 (with a period of 10) defines a shorter-term trend;

3) varmov.ex4 indicator with default settings.

A purchase is made when a new candlestick or bar is opened, after all three installed indicators turn blue. It is recommended to set a stop loss slightly below the local minimum.

The trade should be closed when Fisher1 (55) changes to the opposite color.

The sale is carried out under the opposite conditions.

CT Forecast (Staff Writer)
CT Forecast (Staff Writer)https://citytelegraph.com/
I trade on Stocks (US) and Crypto. In my spare time I also share thoughts on price action & fundamentals, technical analysis with Citytelegraph Team. These thoughts are not any kind of financial advise, so please do you won research before investing.

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