220# Fisher-Klinger Scalping System: A Hybrid EMA & Strange Indicator Strategy for MT5”
Joy22 2025
Fisher-Klinger Scalping System on 1-minute or 5-minute charts using a fast EMA+slow EMA trend filter, confirm with a Fisher-Transformed price oscillator and Klinger (volume momentum) for direction, filter false signals with a Gann-style HiLo and a short-period RSI; take small fixed-pip targets with smart trailing and strict risk per trade.
Timeframe
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Best instruments: major forex pairs (EURUSD, GBPUSD, USDJPY) and liquid indices; avoid high spread/low liquidity assets.
Primary timeframe: M1 or M5. (M1 = faster, more noise; M5 = slightly cleaner.)
Session: highest activity (London/New York overlap) for forex scalping.
(Scalping benefits from volume/liquidity — consider sessions when spreads are tight.)
Indicators (library + “strange” picks)
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EMA 8 (fast) — trend / entry momentum (built-in iMA).
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EMA 21 (slow) — trend direction filter.
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Fisher Transform (price series) — converts price to near-Gaussian oscillator, gives sharp cross signals (less common but available as custom indicators).
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Klinger Oscillator — volume-based momentum (helps detect if volume supports the price move).
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Gann HiLo Activator (or Gann HiLo style moving filter) — a volatility/price-channel filter to avoid trading into choppy markets.
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RSI 7 — short-period overbought/oversold quick filter.
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(Optional) Volume Profile / VWAP / Session Volume — if you have a depth/volume feed or a volume profile indicator from Market, use to avoid low-volume trade windows.
Entry rules (strict)
Use M1/M5 candles — all references to “current” mean the completed bar.
Long (Buy)
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EMA8 is above EMA21 (short trend bias).
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Fisher oscillator crosses above its signal line (or crosses from negative to positive).
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Klinger Oscillator is rising and preferably above its signal/zero line (volume supports buying).
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Price is above the Gann HiLo (or HiLo shows bullish).
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RSI7 is not > 75 (i.e., not extremely overbought).
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Enter at market on the close of the confirming bar (or use a small buy-stop a few pips above high for confirmation).
Short (Sell) — opposite:
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EMA8 below EMA21.
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Fisher crosses below its signal or flips negative.
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Klinger falling / below signal.
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Price below Gann HiLo.
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RSI7 not < 25.
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Enter on the close or with a sell-stop a few pips below low.
Stop loss, targets & trade management
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Stop Loss (hard): 6–12 pips for FX majors on M1, 8–20 pips on M5 — adapt to pair volatility / spread.
Take Profit: fixed small target or reward:risk ~ 0.8–1.5 depending on winrate; common for scalpers: 6–12 pips target.
Trailing: When price moves + half the TP, move SL to breakeven +1 pip. Then trail by 4–6 pips (or use EMA8 as dynamic trail).
Max holding time: close if not hit in 10–30 candles (M1) or 6–12 candles (M5).
Position size / risk: risk 0.25%–1% of account equity per trade. Strict max daily drawdown stop (e.g., 2–4%).
(Always test spreads and commissions — they strongly affect scalping profitability.)
Filters & anti-noise rules (important for scalping)
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Do NOT trade within X minutes of major news (economic surprises) — spike risk.
If spread > threshold (e.g., > 2× average for that pair/timeframe) skip trades.
Require Klinger AND Fisher agreement — if they disagree, skip.
If Gann HiLo is flat (low slope) treat market as choppy — avoid new entries.
Example parameter set (starting point)
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EMA fast = 8, EMA slow = 21
Fisher: lookback 10 (custom implementations vary)
Klinger: standard settings (34, 55) depending on the indicator version
Gann HiLo: lookback 5 or 10
RSI period = 7
SL = 10 pips, TP = 10 pips (for EURUSD on M1 as a test)
Tweak per instrument through backtesting.
Why these “strange” choices work together
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Fisher Transform gives sharper, quicker crossing signals (good for scalping) compared to raw RSI.
Klinger adds a volume-momentum confirmation — price moves without volume are often false breakouts for scalpers.
Gann HiLo acts as a volatility/price-channel filter preventing trades inside noise.
220# Stochastic and WMA Scalping
Submit by Maximo Trader 08/06/2012
Time Frame 5 min:
Currency pairs: majors;
Session Trade: all.
Indicators:
LWMA (3, 6, close HLCC/4);
MTF Stochastic (9, 3, 3)-TF 15min
Gold Miner
Long Entry :
when (WMA gives us alert to buy and ( MTF Stochastic crosses up ) amd Gold Miner acqua
Short Entry:
when (WMA gives us alert to sell and ( MTF Stochastic crosses down ) and gold miner red.
Exit position:
when appears opposit arrow.
Stop loss 10-15 pips.
Profit target: 10-15 pips
optional filter
Signal noise (sedimentation 40)
In the picture Stochastic and WMA Scalping system in action.
Share your opinion, can help everyone to understand the forex strategy.
