Sifu Forex System
Platform: Trading Systems Last update: October 7, 2024The Sifu Forex System is a custom complex trend-following strategy that claims to be highly effective during all market conditions.
It uses multiple indicators like Zigzag Pointer (small arrows), 3 MA Cross Alert (big arrows), Heiken Ashi, BBand Stops, 50&200 EMA, FX Fish Mod V2, MACD V2, Stoch Filter, ZZ Fast, ZZ Slow.
How to use the sifu forex system?
Buy Entry
Open long trade when the following conditions are met:
- Zigzag Pointers and 3MA Cross Alert point upwards
- Heiken Ashi candles are blue
- 50 EMA is above 200 EMA and price is above both EMAs
- BBand Stops goes below the price level
- FX FISH Mod V2 and MACD V2 both shows positive values (above 0 level)
- Stoch Filter turns blue
- ZZ Fast & ZZ Slow both turns blue
- Place your stop loss below the Bband Stops level
Sell Entry
Open short trade when the following conditions are met:
- Zigzag Pointers and 3MA Cross Alert point downwards
- Heiken Ashi candles are red
- 50 EMA is below 200 EMA and price is below both EMAs
- BBand Stops goes above the price level
- FX FISH Mod V2 and MACD V2 both shows negative values (below 0 level)
- Stoch Filter turns red
- ZZ Fast & ZZ Slow both turns red
- Place your stop loss above the Bband Stops level
Exit Trade / Take Profit
Close your open position when the opposite signal appears, or use your own preferred method of trade exit.
