Will be updating the system on comments section along the way.
Meantime
Trade active
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Ratio for this trade currently employs minimum 1:1.
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Theory:
Price action trading comes first. Please do prepare daily or 4hr chart before long or short. Otherwise, Fisher(34) may indicate trend if you are that lazy.
Rules:
To long, Bullish candle formation RSI must be above 50. * RSI 50 has been tampered to show 0. MA 34 must be below candle, or bullish candle cuts across MA34 EMA 9 must be above EMA 13 must be above EMA 21, or "X" formation Fisher (34) must be above 0
Take profits area: identifiable nearest resistance or top of BB(34).
Stop loss : Low of trend.
Vice Versa for shorts
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Basically there are two kinds of trades.
Breakout trade and short term scalp as shown
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Lastly, to end off.
If price action does not support price to reach take profit levels, please do at least take minimal profit. Better than incurring losses
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To note:
EMA 9 or 13 , or 21 can be employed as trailing stop
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Smaller candle provide better R:R
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Big candle provides less R:R
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After series of back testing,
Risk reward currently runs at 50pips:30pips
Change to RSI 21.
Added volume for breakout or to spot major trend reversal.
Added EFI(21)
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PPPStrategy
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Special thanks and all credits given to @nmike for being a wonderful mentor on Clones and trix fisher system. This system is created on variation of trix fisher system personally created by @nmike.
Clones as support resistance areas.
Trix Fisher system
Raja8934
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will look into this your trades are very well executed
PPPStrategy
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It's more of a reminder or a note for myself, if one day I'm lost. This system works best on 1hr due to low pips,more like scalping strategy. 4hr works fine, but got to be careful with price actions
Clones as support resistance areas.
Trix Fisher system