OzFx System :) 100-800 Pips Per Trade

[Sweet Pip]

Originally Posted by OzFx

Good to hear my friend. You can Google "ozfx". Some how the moderator doesn't like me to post links here

You can add your blog to your profile, so when members click on your screen name, it comes up with option box and one of them is "Visit OZFX Homepage"

[jimbospeed]

Sweet pip...

thanks for the system, at first glance it is similar to the one I'm putting the touches on and if you allready have one in place then I'll merge the two to fit me and my

We've had similar experiences and I can see why our systems seem to be extensions of them.. (no more sitting in front to a P.C. fretting all day)

anyway...just wanted to let you know someone else is out there and will be testing and adding imput ....

Good luck and may fairweather fill your sails (and your pocket book)

[walkonwallstreet]

ozfx, do you know what time of the day does ODL server change on the daily bar chart? i mean when a new bar appears

[Sweet Pip]

I am having a little trouble with the entry signals. Since there is a whole hour before the candle closes, during it's development it can trigger the signals, but then change it's direction and stops out at a loss. So I'm trying to filter out these false signals as much as possible.

Therefore, OzFx...looking for a rule of thumb, do you wait to enter the trade after the candle closes and the Stoch & AC has crossed the 0?. Also, do you take the trade if the 200 SMA is passing through the middle of or touching the candles and the other conditions are met?

Thanks

[OzFx]

Originally Posted by Sweet Pip

You can add your blog to your profile, so when members click on your screen name, it comes up with option box and one of them is "Visit OZFX Homepage"

Good idea..I'll do that. Thanks

[OzFx]

Originally Posted by walkonwallstreet

ozfx, do you know what time of the day does ODL server change on the daily bar chart? i mean when a new bar appears

ODL pops new candle at 7PM EST.

[OzFx]

Originally Posted by Sweet Pip

Therefore, OzFx...looking for a rule of thumb, do you wait to enter the trade after the candle closes and the Stoch & AC has crossed the 0?. Also, do you take the trade if the 200 SMA is passing through the middle of or touching the candles and the other conditions are met?

Thanks

I enter at the open of the candle, the candle where AC has crossed the 0 line.

I usually don't choose to take sides when price is very close 200sma.

Cheers,
OzFx

[Zerix]

Quiet simple is what I like about it. Going to start tonight, applied to EurJpy. Thanks!

[kent123]

Hi guys, I was testing this system with the eur/jpy works amazing on the daily time frame. I just had one question it says to set stop loss at a 100 pips, and when your first target is hit move it to break even. So doe this mean when my first stop loss is hit i move all the other stop loss's down to about 50. Am confused on this can someone help, a example would be great. Thank you

[jayjohnson]

Originally Posted by kent123

Hi guys, I was testing this system with the eur/jpy works amazing on the daily time frame. I just had one question it says to set stop loss at a 100 pips, and when your first target is hit move it to break even. So doe this mean when my first stop loss is hit i move all the other stop loss's down to about 50. Am confused on this can someone help, a example would be great. Thank you

When price hits your first target of 50, move all of your stops to the BE,

Good luck