Fiji Forex Strategy

Trading Systems

Introduction to the Fiji Forex Strategy

The Fiji Forex Strategy can be categorized into a trend-following forex trading system. You can successfully use it to spot market swing levels along with trade entry points, and exit signals as well. What’s more, that forex strategy takes advantage of accurate trend identifying gauges like Heiken Ashi and Fiji Trend which are able to deliver the trend signals without any kinds of lagging issues.

The Fiji Forex Strategy fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart and in one window placed below it. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to trade with the Fiji Forex Strategy?

The Fiji Forex strategy consists of a three main indicators, which are the following:

Fiji BB: that indicator is based on the famous Bollinger Band indicator. Its role is to identify the potential swing areas of the market that occur when the price touches one of the bands. For a long entry, look for the price to hit its lower band. Similarly, for a short entry, aim to enter sell trade from the upper band level of the indicator. In addition, you may also use these bands for determining the stop levels of the current trend.
Fiji Trend: the Fiji Trend indicator works as a support to the Heiken Ashi candles. It displays a series of upwards and downwards arrows. Its formula is based on a crossover between 5 MA and 11 ATR. That crossover defines market trend direction. Both directions of Heiken Ashi and Fiji Trend should be in agreement before opening a trade.
Heiken Ashi: it is one of the worlds most popular candlestick indicators. Simply, white candles indicate a bullish trend-momentum, and red reflect a bearish trend-momentum.

Buy Signal

Follow these steps for a long trade:

Price touches lower band of the Fiji BB
Heiken Ashi candles turns white
Fiji Trend arrows switch to upwards
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the lower Fiji BB band
Take profit or exit trade whenever the Fiji BB starts providing opposite arrows or use your own preferred method of trade exit

Fiji Forex Strategy Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

Price touches upper band of the Fiji BB
Heiken Ashi candles turns red
Fiji Trend arrows switch to downwards
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the upper Fiji BB band
Take profit or exit trade whenever the Fiji BB starts providing opposite arrows or use your own preferred method of trade exit

Fiji Forex Strategy Example of Sell Trade

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Fiji Forex Strategy in MetaTrader (MT4)?

Installation Guide

Download the Fiji Forex Strategy.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Fiji Forex Strategy into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the Fiji Forex Strategy you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Fiji Forex Strategy.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The Fiji Forex Strategy is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.