OzFx System :) 100-800 Pips Per Trade

[johnnykanoo]

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

thanks i would be interested to here your system when your ready

[dedannie]

iam newbie entirely. THANK YOU GUYS. INFACT, I WAS TRYING TO DEVELOP OZFX IDEAS WHEN THIS CAME, I THINK THE BACK TEST IS VERY SUPERB, i just got through SOME OF THEM. WE WILL BE WAITING IF SOMEONE LIKE SWEETPIP AND OTHER EXPERTS CAN DEVELOP IT

[dkoleary]

Just been reading this post and what not.. I didn't come across this yet so I will ask:

What are the most optimal times to trade with this strategy??
Both time and days of the week.

Thanks

[leonharvard]

* ODL seems to have the time that works best. I only use their demo account for charts and place my trades on totally different broker.

What 'different broker' do you use?

Mind explaining a bit on this. I still don't get it different brokers have different prices, why does referring to ODL charts works when you trade using other broker?

I'm still confused on this part and I have never traded this way.

Thanks.

[texx1234]

We use the odl trader because it woks best with the ozfx system and his templates. So I use the chats on odl and trade with Oanda.

[leonharvard]

so u're saying u're referring the odl charts then trade on oanda. Are the prices on charts of odl and oanda the same? This is the confusing part hehe. Many people claim prices are different based on different charts. I don't know because I stick to one broker only.

[texx1234]

I haven't noticed much difference between the two it might be a few pips and with the ozfx system were dealing with hundreds of pips so a few pips won't make a difference either way.

[leonharvard]

Thanks texx1234 for clearing up on this

[leonharvard]

Originally Posted by dkoleary

Just been reading this post and what not.. I didn't come across this yet so I will ask:

What are the most optimal times to trade with this strategy??
Both time and days of the week.

Thanks

This is a good question too. So do you guys trade at random time? Is it before or after news?

Like OzFx mention, he doesn't want to sit in front of pc all day long. So do you have the best time to trade? Use GMT timezone if you're going to mention it.

Thanks.

[schnitzeltrader]

I am new to forex and I am currently just reading everything that i can and I am soon going to start demo trading and I just came across this thread and I am curious whether after hundreds of replies and months and months since it was posted, is OzFX a valid trading setup? should I bother to look into this once i am ready? Also another couple of quick questions, what is the template attached for? (forgive my ignorance) and if this is a good system, is anyone developing it in automated form?

Thanks in advance.

Schnitzel.