OzFx System :) 100-800 Pips Per Trade

[Sweet Pip]

In backtesting an EA I made, these pairs did the best over a 1 year period:

EURGPB
USDCAD
USDJPY
USDCHF
EURUSD

These did the worst:

GPBJPY
GPBUSD
EURJPY
EURAUD
EURCHF
AUDUSD

Any other pair I did not have available in demo to test so just plain don't know. However, these can change depending and one day the good ones won't be so good and vice versa.

The only reason I can think of has to do with how smooth the up or down trends are...if it's really choppy, or in a range, then your stop loss get's hit more often, so then you probably need a much larger s/l ...which probably would be much harder to stomach.

Just my thoughts on it.

[AAD]

Originally Posted by Sweet Pip

In backtesting an EA I made, these pairs did the best over a 1 year period:

EURGPB
USDCAD
USDJPY
USDCHF
EURUSD

These did the worst:

GPBJPY
GPBUSD
EURJPY
EURAUD
EURCHF
AUDUSD

Any other pair I did not have available in demo to test so just plain don't know. However, these can change depending and one day the good ones won't be so good and vice versa.

The only reason I can think of has to do with how smooth the up or down trends are...if it's really choppy, or in a range, then your stop loss get's hit more often, so then you probably need a much larger s/l ...which probably would be much harder to stomach.

Just my thoughts on it.

Thanks for the info...

[tyrant_ragg]

Hi,
Newbie here. I noticed that pip movement varies per pair, so sl and tp shouldn't be fix across all pair. So, anyone here has any recommendation per pair?

[Sweet Pip]

Originally Posted by tyrant_ragg

Hi,
Newbie here. I noticed that pip movement varies per pair, so sl and tp shouldn't be fix across all pair. So, anyone here has any recommendation per pair?

Probably the best recommendation would be to ask the pair themselves

Assuming you are able to scroll back through the chart, look at prior entry setups and see what's happened.

It also depends on what YOU are comfortable seeing as a loss before it possibly resumes back in your favor, or how much profit can YOU see before you get worried you'll lose it and exit early.

Basically what all these systems do is give you an entry signal...it's success depends on what YOU do after, and doing your homework and knowing "yourself" is only something YOU can answer. It's different for everyone.

Just MHO and hope that helps

[tyrant_ragg]

Thanks Sweet Pip for your response.
I saw in your previous posts you tested this using EA. I'm trying to learn EA coding so i hope it's ok if you could post your EA code here.

[Sweet Pip]

Originally Posted by tyrant_ragg

Thanks Sweet Pip for your response.
I saw in your previous posts you tested this using EA. I'm trying to learn EA coding so i hope it's ok if you could post your EA code here.

I am reluctant to share it as I am also learning EA coding and am not sure if it really coded correctly. However, in the name of learning, I have decided to share but I just want everyone to understand that it is NOT the OzFx system exactly, but rather a "mock" version of it.

What IS different, for one, is the money management aspect. I had coded in the 5 - 50 t/p increments but changed it to explore other strategies. So this "one and only version" of it ended up without stop losses and take profits. What it does instead is close a position once an opposite entry is detected, whether or not that position is profitable or not. Second, I added the ADX indicator and a 2nd Stoch period to, in effect, filter out small retracements that triggered an opposite entry signal so instead it could continue in an otherwise profitable trend.

But like I said, I'm not sure if it's coded correctly with respect to cohabitating with other trades made manually or anything else that could possibly go wrong...oh ya, it is set to open a trade with a volume of 0.1 Lot per $1k of balance...so if you have a $10K balance, it's supposed to open 10 mini lots.

Otherwise, due to the timeframe it's on, I just kinda realized it's kinda hard to miss a trade so I stopped using it and am on to other system developements, but it did give me an insight on better seeing things as they are and not how I wanted to see them.

So if anyone wants to "play" with it, feel free, but I hope everyone realize's it's of the homemade variety and any real trading of it it is very risky and not recommended.

So here it is: www.rydersranch.ca/f/mockozfx.mq4

[Fivestar]

Originally Posted by Sweet Pip

In backtesting an EA I made, these pairs did the best over a 1 year period:

EURGPB
USDCAD
USDJPY
USDCHF
EURUSD

These did the worst:

GPBJPY
GPBUSD
EURJPY
EURAUD
EURCHF
AUDUSD

Any other pair I did not have available in demo to test so just plain don't know. However, these can change depending and one day the good ones won't be so good and vice versa.

The only reason I can think of has to do with how smooth the up or down trends are...if it's really choppy, or in a range, then your stop loss get's hit more often, so then you probably need a much larger s/l ...which probably would be much harder to stomach.

Just my thoughts on it.

Hi sweet
and thankyou for your encouraging posts. Just discoverd this forum today, and am keen to give it a go - thanks OzFx - I have subscibed to his blog.

I have a question for Sweet...

the poorest performing pairs...were they negative results? ie did they still return still profit (less than the better performing pairs)?

thanks for the discussion, will see how it all goes. I currently trade on FXCM, with a little CCI system of my own that has turned for the worst about 3 weeks ago, so I am investigating new ones. This looks great

Fivestar

[Sweet Pip]

Originally Posted by Fivestar

Hi sweet
and thankyou for your encouraging posts. Just discoverd this forum today, and am keen to give it a go - thanks OzFx - I have subscibed to his blog.

I have a question for Sweet...

the poorest performing pairs...were they negative results? ie did they still return still profit (less than the better performing pairs)?

thanks for the discussion, will see how it all goes. I currently trade on FXCM, with a little CCI system of my own that has turned for the worst about 3 weeks ago, so I am investigating new ones. This looks great

Fivestar

First I must make a correction about the EA not having a take profit or a stop loss...it does, but, they are initially set to zero so I could use the strategy tester to optimize what the best levels for profit and trailing stop would be. For a stop loss, it uses a reverse signal, and to protect profits, it uses a trailing stop.

So to answer your question, yes there are profitable trades in all pairs but, again "but" (beyond the underlying truth), it depends on a setting that is best for that pair. Again too close a trailing stop could prematurely close an otherwise much more profitable trade, and too wide could lose it and you'd close at much less or even a loss. The worst pair ended with an overall loss.

So one would need to either code the EA to include a function to assign the values to those variables based on the pair, or copy the EA for each pair and hard code the values in each EA.

Either way, it's a lot of back-testing with the optimizer to find those magic numbers, and it can take awhile especially if you use the "step" feature of the strategy tester. I have to admit that I didn't go so far as to run each pair through this process and my findings were on a one level fits all test...I know better now. So the worst pair did so because they were based on the levels of the best pair.

Having said that, I've just been reading up on how getting an EA to "fit" past data profitably still doesn't mean it will cooperate on future data, so I guess if it starts to turn sour, it's time to change the levels...oh fun

[Lazzie]

Can someone please post the entry rules or a link to the entry rules for the 4 hour time frame. Do you still use the 200sma or does that change for a 4 hour chart?

[AAD]

Originally Posted by Lazzie

Can someone please post the entry rules or a link to the entry rules for the 4 hour time frame. Do you still use the 200sma or does that change for a 4 hour chart?

The 200 MA is not used on the 4h strategy but it doesn't hurt to use it but it might keep you out of many good/bad trades, I left it on the template but you can take it off if you want.

I've attached the template and .PDF explaining the OzFx SqueezeMore rules, you can also read more about the SqueezeMore strategy at the FF forum...