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Categories
- Technical
- Fundamental
- Scalping
- Trend Following
- Range-Bound Trading
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- Swing Trading
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- Metatrader Only
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- Martingale Trading
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- Price Action
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Forex trading system "Crystal Time Frame Switcher"
Learn to trade Forex using Crystal Time Frame Switcher
The major problems of most strategies are entry and exit. A lot of trend trading techniques are out there but there are a few ways to filter entries and exits. In this strategy, the trend is determined by the direction of the BBands_Stop. After the trend is determined, we then move on to find a good entry and a good exit using the Fisher indicator and the Stochastic indicator with multi-timeframe analysis. It can be profitable if one can follow the rules of this trading strategy.
Details
Categories: Technical, Trend Following, Metatrader Only
Timeframes: 30 Minutes, 4 Hour
Currency pairs: ANY
Trading sessions: ANY
Indicators used
- BBands_Stop
Length: 20
Deviation: 2
MoneyRisk: 1.0
Signal: 1
Line: 1
Download BBands_Stop Indicator
- Fisher_Yur4ik
Period: 10
Download Fisher_Yur4ik Indicator
- Stochastic
%K Period: 4
%D Period: 2
Slowing: 2
Price Field: Close/Close
MA method: Exponential
Entry rules
Vice versa, for the sell trade, at the 4 hour time frame, we need to check that the BBands_Stop is pink color and the Fisher_Yur4ik histogram is falling regardless of the color as shown in the following picture.For the buy trade, at the 4 hour time frame, we need to check that the BBands_Stop is blue color and the Fisher_Yur4ik histogram is rising regardless of the color. Next, we move to the 30 min time frame and open a buy order when the stochastic is on or under 20.
Next, we move to the 30 min time frame and open a sell order when the stochastic is on or above 80 as shown in the following picture.
Trade management
The closing of the trade are describe in the following exit rules.
Exit rules
We close the sell order when the Fisher Histogram of the four hour time frame changes color or direction as shown in the following picture.
Advantages
It gives a high probability rate of winning, using two time frames to confirm entry.
Disadvantages
Patience is required to wait for the stochastic to go to over-bought zone or over-sold zone in order to get a good entry.
Metatrader 4 chart template files
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