Market: Forex;
Currency Pair: EUR/USD;
Timeframe: M15–M30;
Indicators: Fisher(10), Fisher(55), Varmov;
Strategy Type: Timeframe-dependent;
Protective Orders: Stop Loss, breakeven.
Forex Trading Strategy Algorithm
Buy Signal appears at the opening of a new candle, after all three strategy indicators turn blue.
Close the long position when the Forex indicator Fisher(55) changes color to red.
Set Stop Loss at the nearest local low — as a precaution.
Sell Signal appears at the opening of a new candle, after all three indicators turn red.
Close the short position when the Fisher(55) indicator turns blue.
Set Stop Loss at the nearest local high — as a precaution.
Download the strategy template and indicators
FAQ
What is the Fisher Transform indicator used for in this strategy?
It converts price into a Gaussian-distributed signal to identify trend reversals earlier than traditional oscillators — here, Fisher(10) gives early signals, Fisher(55) confirms trend direction.
Can this strategy be used on other currency pairs?
Yes, but it was optimized for EUR/USD. Adjust Fisher periods or add volatility filters for less liquid pairs like USD/TRY or GBP/JPY.
How is the breakeven stop-loss triggered?
Manually or via platform automation: once the trade moves favorably by a predefined pip distance (e.g., 15 pips), the Stop Loss is moved to entry level to lock in zero risk.
