Forex The Fisher PRO

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Product Description

Forex The Fisher Expert Advisor

Forex The Fisher Expert Advisor review:

Swing Trading

Forex The Fisher Expert Advisor built to perform Swing Trading both bull and bear trend of the EUR/JPY pair. It is a specialized trading system which targets the characteristics of the EUR/JPY pair to capitalize pips movement for its volatility.

EA’s target is to enter early in the beginning of the trend pro-actively to maximize movement of the trend in short to medium term using 1 hour chart for entry.

Advanced Real Trading Techniques

The EA uses advanced FX Trading strategy which derived from real-world trading methodologies like Statistical Analysis, Technical Analysis and Advanced Risk/Money Management methods.

Trade with a peace of mind without the worry of blowing your account with strict trading limits imposed like institutional traders.

Realistic & Consistent

TheFisher is also a down-to-earth realistic trading EA which does not required high winning rates to be positive since Year 2000. It focuses on quality wins instead of quantity wins.

The returns was distributed rather evenly since 2000 to current year so you can be more confident that so far no one single year is a downer to previous performances

Trend is your friend & Compounding Is your Spouse

With the performance and stability of the Strategy, users can consider using Account Scaling method to deposit additional funds at the end of each year to enhance the effects of the compounding.

Dedicated Trading Account

TheFisher EA requires a dedicated trading account for Risk/Money Management. It is recommended to place other manual trades in a separate trading account.

TheFisher EA in a nutshell:

  • Short to Medium Term Swing Trading
  • Non-Scalping & Not broker sensitive
  • Parameters are minimized for more focused and less complicated trading
  • Participate in both Bull and Bear Market
  • Only Trades EUR/JPY with 1 Hr Chart
  • Advanced FX Strategy combining various Analysis Techniques and real-world Risk and Money Management methodologies
  • Rigorously tested with Data since Year 2000 with Stable and Consistent Performance so that users can trade with peace of mind
  • Realistic performance which can be combined with the compounding along with account scaling to help grow account
  • EA is made unlikely to blow any account as strict trading limits are imposed
  • Realistic winning rates so that EA can likely continue to perform for many years to come. Analogy being that, you are more likely to get 4-5 than 7-9 heads in a 10 coin tosses over a large sample size of tosses.

Test results:

Forex The Fisher Expert Advisor

Parameters:

Recommended not to change param as they are optimized for max results.

However depending on your own risk appetite, you may adjust risk per trade accordingly.

Any deviations in EA performance after param changes are not the failure of EA.

  • Max_Risk_Percent – The max risk (in % of the total Equity) of a single trade
  • Enable_LotSizing – enable/disable system to perform auto lot sizing
  • Std_Order_lot – The std lot use to trade (If Enable_LotSizing is set to FALSE)
  • Equity_Management – To perform equity management for risk mitigations
  • Equity_Month_Limit – enable/disable monthly risk scheme
  • Max_Month_Risk – Max monthly risk (in % of equity) before trading halt for entire month
  • Equity_Year_Limit – Enable/disable yearly risk scheme
  • Max_Year_Risk – Max yearly risk (in % of equity) before trading halt for entire year
  • Max_Slippage – Max slippage allowed during placement of trade
  • OrderNotification – enable/disable order notification via your MetaQuote ID
  • MagicNumber – Order number to identify orders placed by TheFisher
  • Half_Lot_Profit_Management – Manage Half Lot Exit
  • Half_Lot_Exit_Percent – Lots (in %) to close out first
  • Trailing_Displace – Trailing stop Displacement in pips
  • Min_Bal_StopTrade – Min equity balance (in value) for complete stop of trading
  • Stop Loss Levels – Stop loss levels Params to protect initial risk

Installation

Copy and paste the file into the MQL4 Experts folder of the

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

How the advisor works:
The EA works on the basis of two indicators with non-standard
parameters. Not the way you used to use them.
Indicators are built into the Expert Advisor and generate signals that are understandable for
advisor.

This display was removed for the user.

First, there is an analysis of higher timeframes to determine the global trend. Then the EA waits for signals on a lower timeframe.The EA has 2 modes of operation.

Mode 1 is an entry on fast signals and closing on a global signal
for a reversal of a large trend. The profit in this case is many times more, but the equity drawdown will also be greater, since the price goes 100-200 points up and down until it closes in the desired direction.

Mode 2 is the opening and closing of “quick” trades.
Opened a position on a fast signal and quickly closed it on a return signal.

Video of the work of the FISHER PRO adviser:
In the video, the adviser dispersed a deposit of 5000 usd to more than 394,000 usd , on one GBPJPY currency pair. Thus increasing the initial deposit by 78 times!

Advisor parameters:
Signal – Values of the indicator generating signals. It is necessary to set values from 10 to 150. The lower the value, the more signals and the lower their accuracy.
10 – many signals, low accuracy
100 – few signals, high accuracy
This is what I said at the beginning of the article using my example with XAUUSD

  • Magic number – Any unique number, the main thing is that different pairs have different numbers.
  • Additional points to order – The value in points, the distance to the pending order when a signal appears.
  • Mode close – Mode 1 is a fast signal entry and a close by a global trend reversal . Mode 2 is a fast signal entry and a close by fast signals.
  • Percent profit close – profit as a percentage of the deposit at which all orders will be closed.
  • Percent loss close – loss as a percentage of the deposit at which all orders will be closed.
  • Fixet lot – initial lot. If you put 0, then the initial lot is calculated as a percentage of the deposit.
  • Percent from equity – Initial lot as a percentage of the deposit.
  • Add lot to next order – add this value to the next lot. This parameter works in conjunction with the risk value.
  • Risk – Risk from 1 to 10. If you put 1, this is the maximum risk. If you put 10 this is the minimum risk.

Lot settings
We recommend placing a dynamic lot (as a percentage of the deposit) and the risk is at least 7-10.
The EA works on any currency pair. Do not forget to change the MAGIC on each pair. So that there are no identical magic numbers.

Capital Management
The biggest problem of any trader is greed. It is because of the excess of risks that most traders merge. The broker does not even need to put a spoke in the wheel, the trader’s greed will do everything for him.
How to choose the optimal number of currency pairs?
For example, you want to use moderate settings on 4 currency pairs.
Do testing for example on EURUSD, it shows that the maximum drawdown is 50%.
If you set the same settings for 4 pairs, then the total drawdown will be 200%, and this is a drain on the deposit.
How to do it right?
We take the same settings and reduce the risk using the parameters responsible for the lot.
For example :
Percent from equity – Initial lot as a percentage of the deposit. You had 1% installed. In order to bet on 4 pairs, decrease this parameter by 4 and get 0.25.
You can also increase the Risk parameter. For example, you have it set to 5. Set it to 10 and your drawdown will decrease.

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