The Sifu Forex Indicator is a custom complex trend-following strategy that claims to be highly effective during all market conditions.
It uses 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 indicator fits all kinds of timeframes and mt4 currency pairs.
How does it work? How to apply in trading?
Trading Rules Explanation
Buy long Entry
Open long buy 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 the price is above both EMAs
- BBand Stops goes below the price level
- FX FISH Mod V2 and MACD V2 both show positive values (above 0 levels)
- Stoch Filter turns blue
- ZZ Fast & ZZ Slow both turn blue
- Place your stop loss below the Bband Stops level
Sell Entry
Open short-sell 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 the price is below both EMAs
- BBand Stops goes above the price level
- FX FISH Mod V2 and MACD V2 both show negative values (below 0 level)
- Stoch Filter turns red
- ZZ Fast & ZZ Slow both turn red
- Place your stop loss above the Bband Stops level
Exit Trade / Take Profit
Close your open position when the opposite entry signal appears, or use your preferred method of trade exit.
As always, remember about proper good money management to achieve excellent results.
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, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste the template file to the Templates folder.
Now, right-click on the chart, and hover over Templates. You will have displayed a list of available Indicators; left-click the template name you want to run.
Bottom Line
The Sifu Forex Indicator is worth adding to your trading collection but remembers to have realistic expectations. However, like any other technical analysis tool, it cannot provide accurate entry signals 100% of the time. Thus, it will give false mt4 signals occasionally. In addition, its performance will change bit significantly depending on market conditions.
Sifu Forex Indicator Free Download
