It has taken me over 6 years and I've finally become a consistent profitable full time trader thanks to this strategy. The strategy is very simple and would only take a few minutes of screen time per day using 4HR candles. Check the charts every 4 hours for signals then turn the monitor off and come back again in 4 hours or next day if using daily.
And newer look the same on live chart like on history Repaint and fit to the chart. Look on the signal from fisher. Signals are too perfect. True, that is why there is the additional EMA cross indicator and which is also why you enter at the close of the bar.
Plus, who cares about the past? The signal at the current bar is valid and that is what you go with. You must understand that the Fish indicator basically converts price to a Gaussian probability function using the last 10 bars. Doing so will increase the probability of a change in price direction because it normalizes price behavior turns it into a bell curve. Compounded by the EMA signal gives a high probability of a change in direction of price.
But don't take my word for it. Thanks for your information but i write about the "repaint in the past" because you paint red circle on indicator FX Fish. And from this cicles You calculate profit. But Fx Fish never get so perfect signals in live trading. This is the couse why a lot of trades are to late to be profitable but on history looks like very profitable.
I dont must write: EMA gives late signal too. Sorry for my English but i think you can understand. And i have question for you. How many position are you open basen on this strategy? Can you put here chart with template and your posiotion then we can see how big is the late and repaint ok?
When you dont have this history chart i can make live test on history data and put here. Let us assume that it is a correctly coded indicator and then let us quote Ehlers since that indicator is a badly coded Ehleres fisher transform. Attaching the document with the original description from John Ehlers in it is also visible how is the coding error made when the code from tradestation was converted to metatrader - tradestation works with variables in a completely different way than metatrader.
There is simply to many coding errors in that conversion of Ehlers fisher transform. I only circled all those trades to give examples of entries and exits. Not all were valid at that time. I have tried several variations of the Fisher indicators and settled on this one. You can try the different 'fixed' versions and see which one you like. Ah that's a nice strategy to hire nephew. Thank you for posting what appears to be a very simple strategy, definitely worth a forward test. Very easy and profitable trading strategy.
To add comments, please log in or register. Hi All, It has taken me over 6 years and I've finally become a consistent profitable full time trader thanks to this strategy. I'd like to thank 'bigbear' for his guidance and inspiration! And that's all there is to it. Works with most pairs I use majors and yen pairs.
Any copyright infringement is accidental. Sorry for my English but i think you can understand And i have question for you.
Close of the bar not help because fx fish repaint many bars back Let us assume that it is a correctly coded indicator and then let us quote Ehlers since that indicator is a badly coded Ehleres fisher transform "The Fisher transform converts almost any input probability distribution to be nearly a Gaussian probability distribution.
However, I've taught my 13 yrd old nephew this strategy and here are his current trades. Like I said, just get a demo and forward test and see what you get. Thanks Thank you for posting what appears to be a very simple strategy, definitely worth a forward test.More...