Fisher Indicator With Vortex | Trend Following Forex Strategy
Fisher Indicator with Vortex system ‘s a pure trend following forex strategy.
Time Frame : 4H.
Currency pairs : All pairs
Metatrader Indicators :
Fisher Indicator 55 period with Vortex Indicator 28 period and level 1.05 ;
exponential moving averages:
5 EMA, 7 EMA, 15 EMA, 40 EMA;
MA CrossOver Signal ( 5-7);
MA CrossOver Signal ( 15-40);
Vortex (14 period).
fisher and Vortex system.tpl
Rules for Fisher Indicator with Vortex System :
Trade only in the direction of the trend.
Up trend= 5 EMA > 7 EMA > 15 EMA > 40 EMA
Down trend = 5 EMA < 7 EMA < 15 EMA < 40 EMA
MA Crossover buy Arrow confirmed by:
5 EMA > 7 EMA > 15 EMA > 40 EMA
Fisher Green bar;
Gold Line of the Vortex indicator > level 1.0.
MA Crossover sell Arrow confirmed by:
5 EMA < 7 EMA < 15 EMA < 40 EMA
Fisher Red bar;
Aqua Line of the Vortex indicator > level 1.0.
Exit Positon :
Exit at the first opposite arrow or
profit target 40 -50 pips. and
after 20-25 pips in gain move stop loss at + 3 pips from the entry price.
Initial Stop loss 30-40 pips depends by currency pair.
This forex trading systyem is very simple
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