Fisher Filled Gator Forex Trading Strategy

The Fisher Filled Gator forex trading strategy is built to exploit rapid changes in price of any currency pair. It works well with majors, currency crosses and exotic pairs.

The combination of the r_Gator.ex4, MA ribbon filled.89.21.ex4 and FBS Fisher.ex4 custom indicators delivers the confidence needed to gauge trend reversals, spot short-term support/resistance levels and determine price momentum respectively.

Chart Setup

MetaTrader4 Indicators: r_Gator.ex4 (Default Setting), MA ribbon filled.89.21.ex4 (Inputs Variable Modified; MA1Period=24), FBS Fisher.ex4 (Inputs Variable Modified; Period=28)

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

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets put on display:

  1. If the lines (red & lime) of the MA ribbon filled.89.21 custom indicator intersects the blue line of the r_Gator custom indicator in a bottom up manner, price is said to be taken to the upside i.e. a trigger to buy the under listed forex pair.
  2. If the histograms (gold & red) of the FBS Fisher custom indicator stay above the 0.00 level as depicted on Fig. 1.0, the overall market sentiment is said to be bullish i.e. a signal to go long on the selected fx pair.

Stop Loss for Buy Entry: Place stop loss 3 pips below short-term support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If the lines (red & lime) of the MA ribbon filled.89.21 custom indicator cuts across the blue line of the r_Gator MT4 indicator to stay above it, bulls power is said to be weaning i.e. a trigger to exit or take profit at once.
  2. If the gold histogram of the FBS Fisher custom indicator dip below the 0.00 level (see Fig. 1.0), an exit or take profit is recommended.

Sell Entry Rules

Enter a sell order if the following holds sway:

  1. If the lines (red & lime) of the MA ribbon filled.89.21 custom indicator intersects the blue line of the r_Gator custom indicator in a top downward fashion as shown on Fig. 1.1, it is indicative of a bearish push, hence a buy alert is imminent.
  2. If the histograms (gold & red) of the FBS Fisher custom indicator stay above the 0.00 level as depicted on Fig. 1.0, the overall market sentiment is said to be bullish i.e. a signal to go long on the selected fx pair.

Stop Loss for Sell Entry: Place stop loss 3 pips above short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes to the fore:

  1. If the lines (red & lime) of the MA ribbon filled.89.21 custom indicator cuts across the blue line of the r_Gator MT4 indicator to stay below it, bears power is said to be halting i.e. a trigger to exit or take profit without delay.
  2. If the gold histogram of the FBS Fisher custom indicator surges above the 0.00 level (see Fig. 1.1), an exit or take profit is advised.

Sell Trade Example

Fig. 1.1

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About The Trading Indicators

The r_Gator.ex4 is an indicator that takes after the Alligator MT4 indicator (since they show comparable values for the MA periods), but the r_gator only produces its signal earlier than the Alligator.

The MA ribbon filled.89.21.ex4 is a custom indicator designed for Metatrader 4 platforms that is based on moving averages.

The indicator offers a simple and quick way to determine trend direction and possible price reversals.

The FBS Fischer.ex4 custom indicator is a technical tool that tries to pinpoint trend direction, trend changes and trend strength in view of price action.

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