The most important thing which made me a successful trader was learning how to control my emotions and be patient. After that I disciplined myself to stick to my trading strategy. And now I am going to show you another profitable system. This system can’t tell you the bottoms or tops so don’t expect %100 accuracy. However this system will put you in the correct direction once the current flow is strong enough. You can grab your pips and enjoy it.
This strategy works on any major currency pairs. Though I prefer EUR/USD, AUD/USD, USD/CHF and GBP/USD, since they are the most traded ones. This strategy gives good results on daily charts because it follows the trend. Following this system is also easy and you don’t have to be sitting in front of computer for long time to watch every tick.
Please have a look at the chart below:
The system is based on Golden Finger indicator and Fisher histogram. I believe that the most reliable systems are the ones follow the trend and these 2 indicators will put you in the right direction.
- Wait for a blue dot to appear below the price candle.
- Fisher histogram has to be green.
- Wait for a yellow dot to appear above the price candle.
- Fisher histogram has to be red.
Here is another example:
Profit Target: If you trade 3 mini lots, 1 mini lot out at +60 (move your stop-loss to the entry level); 2nd mini lot out at +100; 3rd mini lot out at +200.
Stop Loss: 60 pips.
- Fisher_m11 Indicator
- Golden Finger Indicator
- Template: sunchin-star system