Simplicity is the brain behind the FBS Fisher forex trading strategy, take advantage of this amazing currency trading strategy with easy to understand trading rules you can learn in just 15 minutes.
With just two basic indicators, you can spice up your trading and smile your way to the bank.
Chart Setup
MetaTrader4 Indicators: FBS Fisher.ex4 (default setting), EMA_Trend_Indicator.ex4 (default setting)
Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day
Recommended Trading Sessions: Any
Currency Pairs: Any pair
Download
Download the FBS Fisher Forex Trading Strategy
Buy Trade Example
Fig. 1.0
Strategy
Long Entry Rules
Enter a buy order if the following indicator or chart pattern gets displayed:
- If the gold and red histograms of the FBS Fisher custom indicator align above the 0.00 level, price is said to be pushed somewhat higher, as such a buy order will suffice.
- If price trades above the channel lines (purple and yellow) of the EMA_Trend_Indicator.ex4 custom indicator (refer to Fig. 1.0), the sentiment in the market is said to be somewhat bullish, hence a trigger to buy the asset of choice.
Stop Loss for Buy Entry: Place stop loss 2 pips below immediate support.
Exit Strategy/Take Profit for Buy Entry
Exit or take profit if the following rules or conditions take center stage:
- If the gold histogram of the FBS Fisher custom indicator readjust to form below the 0.00 level as depicted on Fig. 1.0 during a bulls markets, a looming dip in price is said to be in the offing, hence an exit or take profit is advised.
- If price closes below the lower outer purple line of EMA_Trend_Indicator.ex4 custom indicator, it is an trigger to exit or take profit without delay.
Sell Entry Rules
Enter a sell in the market if the following holds true:
- If the gold and lime histograms of the FBS Fisher custom indicator aligns below the 0.00 level, price is said to be pushed somewhat lower, as such a sell order will do.
- If price trades below the channel lines (purple and yellow) of the EMA_Trend_Indicator.ex4 custom indicator (refer to Fig. 1.1), the sentiment in the market is said to be fairly bearish, hence a trigger to sell the designated currency pair.
Stop Loss for Sell Entry: Place stop loss 2 pips above immediate resistance.
Exit Strategy/Take Profit for Sell Entry
Exit or take profit if the following takes center stage:
- If the gold histogram of the FBS Fisher custom indicator readjust to form above the 0.00 level as illustrated on Fig. 1.1 during a bears markets, a looming surge in price is said to be in the cards, hence an exit or take profit is recommended.
- If price closes above the upper outer purple line of EMA_Trend_Indicator.ex4 custom indicator, it is an trigger to exit or take profit without delay.
Sell Trade Example
Fig. 1.1
Free Download
Download the FBS Fisher Forex Trading Strategy
About The Trading Indicators
The EMA_Trend_Indicator.ex4 is a custom indicator that is built on two EMAs i.e. the Fast EMA 21 and Slow EMA 34, plotted on varying periods.
The FBS Fischer custom indictor is a custom indicator that tries to pinpoint trend direction, trend changes and trend strength in view of market action.