499# Inverse Fisher Trasform of RSI Trading System
Inverse Fisher Trasform of RSI indicator MT4
Submit by MJ 11/10/2013
Inverse Fisher Trasform of RSI Trading System is based on the Fisher function with other indicators trend following.
Metatrader Indicators:
Bollinger bands stop (20; 1);
Inverse Fisher Trasform of RSI indicator (9, 20);
Jurich Filter indicator (15).
Entry:
Go short conditions:
1. Bollinger Bands dots turns into red color;
2. Heiken Ashi Smoothed alert candles turn into red;
3. Inverse Fisher Trasform of RSI indicator goes below 0 line;
4. Go Short when the price retraces on the Jurich filter.
Go Long:
1. Bollinger Bands dots turns into blue color;
2. Heiken Ashi Smoothed alert candles turn into blue;
3. Inverse Fisher Trasform of RSI indicator goes above 0 line;
4. Go Long when the price retraces on the Jurich filter.
Only enter trade with all 3 indicators confirmation for perfect signal.
You should put stop loss on previous candle high or low. Also trailing stop could be applied or Profit Target predetermined (time frame: 60 min 20-25 pips, time frame 240 min 30-40 pips, time frame daily 70-80 pips).
We simply exit trade when Bollinger Bands indicator changes color against our trade.
Below chart example.
Inverse Fisher
Inverse Fisher Trasform of RSI indicator MT4.
