Profit Able No Loss Forex Trading Strategy

The strategy is very simple and would only take a few minutes of screen time per day (using 4HR candles).

GONE FISHING STRATEGY

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)
See attached pics for samples.
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).

 

Attached Files

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GONE FISHING TRADING SYSTEM