Tuesday, September 18, 2012

Gone Fishing Trade System


TIMEFRAME: 4HR, DAILY (Shorter timeframes work but reduced winning %)

INDICATORS: FX Fish, MA_CROSS_OC

SHORT ENTRY

Down Orange arrow AND Red line on FX Fish indicator ENTER AFTER BAR CLOSES

Stop Loss: Last low

Take Profit: Lock in 30-50 pip then wait for closing signal 


LONG ENTRY

Up Blue arrow AND Green line on FX Fish indicator ENTER AFTER BAR CLOSES

Stop Loss: Last low

Take Profit: Lock in 30-50 pip then wait for closing signal

CLOSING SIGNALS

Out trade  if FX Fish turns a different color as well 







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