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Friday, June 21, 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.

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