OzFx System :) 100-800 Pips Per Trade

[4xStar]

There is another thread in this same category called Trend Finder Daily:
Trend Finder Daily

He has a much cleaner, simpler system than Oz and at least for now, he does not seem to have pretensions to start an excessively expensive trading signal service.
I never had much luck with the Oz system .. this one by Bull101 looks much more promising

[mytwopips]

Originally Posted by fortynights

baby pips is nothing more then a bunch of newbie trader trying to learn from other newbies that could be a problem ! ozfx is a newbie like almost everyone on this forum ! but a few months ago i did not know what i know now !

i used ozfx for about 2 months and i followed all of his rules to the letter !

and i have lost my entire trading account all 13,000


this guy is a total fake he spends all day posting in all the forex forums. which is a red flag he is not a real trader and his down loadable reports are stupid and a joke and impossible to understand i think he saw the big guys using down loadable reports and wanted to look like hot stuff too. but if you do a detailed look you can't verify the numbers and i hope newbies don't buy into this foolish wanna be trader! trading is hard work and making post all day shows your not dealing with real money.

the big boys who use download reports actually show the entry level and the exit level. he leaves out this critical information needed to verify the trade on your own trading charts. RED FLAG !

it's only a matter of time before the community figures out his math tricks game

i paid 250 per month this alert service! it is worthless maybe $50 if that.

Your very first post and you managed to insult our whole community.

Why don't you and your sorry blown out account take a hike over to FPA. They will love your rants.

[dedannie]

Originally Posted by fortynights

baby pips is nothing more then a bunch of newbie trader trying to learn from other newbies that could be a problem ! ozfx is a newbie like almost everyone on this forum ! but a few months ago i did not know what i know now !

i used ozfx for about 2 months and i followed all of his rules to the letter !

and i have lost my entire trading account all 13,000


this guy is a total fake he spends all day posting in all the forex forums. shows your not dealing with real money.



i paid 250 per month this alert service! it is worthless maybe $50 if that.

as a matter of fact,i dont pay for SIGNALS.I GENERATE SIGNALS USING OTHER SUCCESSFUL PEOPLES IDEAS AND TRICKS.THATS WHY AM IN THIS FORUM.THE MONEY PAID FOR SIGNALS, WOULD HAVE YEILDED GOOD RESULT IN TRADING IF FOLLOWED WELL.
AS PER OZFX, HIS IDEAS IS WISE, IF YOU BACK TEST,YOU WOULD HAVE SEEN IN ON MAJOR CHAT, BUT ITS JUST THAT YOU HAVE TO WAIT LONG BEFORE SUCH OPPORTUNITY CAN COME.MAY BE TWICE TO FIVE TIMES A MONTH ON TEN MAJOR PAIRS. BUT WHEN YOU GET IT, IT IS A KILLER
ANY WAY LEARN MUCH FROM GURUS NOT SUCKERS

[Sweet Pip]

Originally Posted by Blaiserboy

Sweet Pip

I am reading this thread for the initial time..... seems to me that you have experienced some good things with this approach...

Are you going to be using it this week.........?


Thanks



dave

Hi Blaiserboy,
Apologies for the late response ... I've been a lot more social these summer days and not on the forum as much...my laptop is, but I'm not

Anyways, no, I'm not using this system at all. When you get in on a good signal, it's great but I seem to miss too many signals and found scanning too many pairs too time consuming to find one I might get in on. I tried to create an EA to help me, but found it's a lot harder to detect when the stoch is crossing the AC 0 line than it is visually as sometimes the stoch's value could be 80 when it crossed, or 40! Then there's the 500 pip s/l (5 lots*100 ea) which I'm not too comfortable with and when it goes through consolidation periods, it's murder. The Squeeze-more system produced a few more signals but I'd still have to monitor the charts rather excessively.

Right now I'm testing strategies that involve pivot points & pending orders at a particular time of day so I don't have to sit there wasting (according to my family) my valuable limited time which I'm not spending with them.

[Blaiserboy]

thanks for that

I have had some good luck so far......

[Sweet Pip]

Originally Posted by dedannie

Sir Pip Or Any Body. Pls Is There Any Other Way I Can Filter False Signal Out Apart From Using Sma 200.i Think I Begin To Enjoy Your Response.
Again, How Often Can A Signal Occur On A Pair In A Month: Once, Twice Or More? Or Even Non

Filtering out false signals is a major dilema for any system. I would say major support & resistance lines are one way...if price is approaching one, then hold off for a bit. If price just made a big move, then it might consolidate or retrace a bit, so again hold off. Price crossing trendlines, S&R, etc, may help validate it as a real signal.

If your charts show a bit of history, then you can go back and see how many signals it produced, and how many were false or real. Being on a daily chart, it doesn't produce that many signals per pair/mon, and even monitoring several pairs ya'd think give many, many more...but it didn't seem to and then several would signal at the same time so if you missed one, you'd miss some others too...crazy!

Hope that helps

[4xStar]

Originally Posted by Sweet Pip

Hi Blaiserboy,
Right now I'm testing strategies that involve pivot points & pending orders at a particular time of day so I don't have to sit there wasting (according to my family) my valuable limited time which I'm not spending with them.

Once again I suggest checking out the
Trend Finder Daily
thread ... much simpler, and backtesting of results so far shows it can generate better signals as well.

It only takes a few minutes each evening to check for the signals or you can just pick up the ones he leaves each day on the thread.

I just found this thread the other day & am very impressed so far. Another one I like is the Neural Network one, although that is more for people sitting in front of the computer & scalping for 10-20 pips per trade.

[Sweet Pip]

Originally Posted by 4xStar

Once again I suggest checking out the
Trend Finder Daily
thread ... much simpler, and backtesting of results so far shows it can generate better signals as well.

It only takes a few minutes each evening to check for the signals or you can just pick up the ones he leaves each day on the thread.

I just found this thread the other day & am very impressed so far. Another one I like is the Neural Network one, although that is more for people sitting in front of the computer & scalping for 10-20 pips per trade.

I had looked at the Trend Finder Daily when it was first posted and I installed the indicators but I didn't get much time to try it although I get a feeling the same sort of cons exist for me on this as well, except it's only a possible 200 pip loss instead of 500. If one doesn't catch the signals at the time, I find it's too late later.

However I'll make an EA for backtesting since the indicators aren't overlayed, making it more consistent to detect, and I'll give a report on that thread once it's done.

Good trades to you 4xStar

[johnnykanoo]

Sweetpips are you trading any sytems with success right now? Id be curious to hear any new trading ideas.

4xstar i like the neural networks one but I also agree that is for someone who can babysit there terminal. I have an electrical contractor business and it keeps me running all day and it is impossible to trade a short timeframe like the 15m.

I looked at the trendfinder daily too but i heard some chatter about being in a loss after 39 days even though it was wining more than losing. Have you tried that system? how was the result.

Ps I dnt think oz minds me taking over his thread at least my signals are free. they might be wrong but there free lol!!!! hehehhee

[Sweet Pip]

Originally Posted by johnnykanoo

Sweetpips are you trading any sytems with success right now? Id be curious to hear any new trading ideas.

I am and while I feels it's successful, like any system, it has it's problem areas...mostly where to put a stoploss. In gereal its setting pending orders at 00:00 GMT, either buy or sell stops depending on the general direction price has been going, and targeting to trigger below /above the Camarilla L3 or H3 and t/p at the L4 & H4 lines. There's a little more to it too like using ADX for determining trend strength, and S/R or pivot lines that maybe lurking in those areas.

Anyways, once I'm more solid in it, I'll start a new thread instead of discussing it here.

Good trades to you