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Gone Fishing Indicators



GONE FISHING STRATEGY
By jay_x [Forex-TSD]
Platform: Metatrader 4
TIMEFRAME: 4HR, DAILY (Shorter timeframes work but reduced winning %)
INDICATORS: FX Fish, MA_CROSS_OC (I overlay bigbear's FTC as well to spot possible
oversold/overbought)

SHORT ENTRY:
DOWN Orange arrow AND Red line on FX Fish indicator
ONLY ENTER AFTER BAR CLOSES!
STOP LOSS: Last swing
TAKE PROFIT: I personally slide to break even at +50 then wait for closing signal

LONG ENTRY:
UP Blue arrow AND Green line on FX Fish indicator
ONLY ENTER AFTER BAR CLOSES!
STOP LOSS: Last swing
CLOSING SIGNAL, STOP LOSS, AND TAKE PROFIT SAME AS SHORT ENTRY

CLOSING SIGNALS:
Opposite arrow appears (take opposite trade if FX Fish turns a different color as well)
FX Fisher gets an opposite line color (no arrow needed)
And that's all there is to it. Works with most pairs (I use majors and yen pairs).
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).


4 comments:

rosli iman said...

please send an indicator Gone Fishing to me because I can not download that you have provided ... my emeil rosliman01@gmail.com

NoFrameX nFx said...

all indicators has no problem to download. TQ

Blogger said...

I suggest that you stick with the most recommended Forex broker - AvaTrade.

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