Sifu Forex System

Trading Systems

Introduction to the Sifu Forex System

The 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.

This system fits all kinds of timeframes and currency pairs.

How does it work? How to apply in trading?

Trading Rules Explanation

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.

As always, to achieve good results, remember about proper money management.

How to set up the Forex Trend & Breakout System in MT4?

Files Included

Indicators:

#00_ZZ_Window.ex4
#1ToR_1.02.mq4
#14xMACD_Colored_v22.mq4
#aaZigZag Pointer.mq4
#Heiken Ashi.mq4
3 MA Cross w_Alert v2.ex4
ang_AutoCh_HL-v1.mq4
BBands_Stop_v1.mq4
ForexTrend_v22.ex4
FX_FISH Mod2_v2.mq4
GMMA Long.mq4
GMMA Short.mq4
HMA4.mq4
MACD_OsMA_4ColorLH.mq4
Mera.ex4
Stochastic_Filter_mtf.mq4

Templates:

Sifu Forex System.tpl

Installation Guide

Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.

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

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

Similarly, copy and paste template file to the Templates folder.

Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.

Bottom Line

The Sifu Forex System is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.