OzFx System :) 100-800 Pips Per Trade

[walkonwallstreet]

Originally Posted by jayjohnson

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

Good luck

for eur/jpy pair... 100 stop loss is tooo tied since they tend to move 200-300 pips within a day

my stop loss is around 200-300

[CyberG]

Hello,

Please I have some questions and will appreciate your answers:

I am interested in moving my stop loss too, how do you move a stop loss to break even? Does that mean there will be no losses if I move it to break even? How do I know or calculate what break even is? Is this the same way you 'lock in profits'?

One more thing: I try setting Stop loss and Take Profit on Metatrader but have hardly been able to set it correctly as it keeps giving me errors. Could it be that the broker does not agree with the values I put in there? I have tried to set these values now without success, could someone tell me the possible reasons.

Thanks for your help.

[OzFx]

OzFx Daily Method PIP Update
—————————–----------

Both our NZD/JPY and AUD/JPY hit the first Profit Taking point at +50. Later on price movement stopped the rest the of the lots at break even.

Market has been a volatile due to less volume caused by Chinese New year holiday. We should see the market resumed to normal by next week and more pips in our account.

Month Total: +150

[Sweet Pip]

Originally Posted by 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

Hey jimbospeed,

Do you know how to test (in MT4) if the Stochastic has crossed the AC nought line (0 zero)?

I initially I thought that would be easy to test as it's probably equivalent to the Stoch's 50 level line...but that ain't so

The AC nought line can move above and below the Stoch's 50 level...so any suggestions, or if you know how to, would be greatly appreciated.

Results are continuing to looking better and hope to post a first version of the EA soon.

[Sweet Pip]

Originally Posted by CyberG

Hello,

Please I have some questions and will appreciate your answers:

I am interested in moving my stop loss too, how do you move a stop loss to break even? Does that mean there will be no losses if I move it to break even? How do I know or calculate what break even is? Is this the same way you 'lock in profits'?

One more thing: I try setting Stop loss and Take Profit on Metatrader but have hardly been able to set it correctly as it keeps giving me errors. Could it be that the broker does not agree with the values I put in there? I have tried to set these values now without success, could someone tell me the possible reasons.

Thanks for your help.

Hi CyberG,

I'm not sure if it's the broker or MT4 that sets limits but it seems there is some. I know my limits are a 10 pip minimum between the current price and a stop loss, and a 15 pip minimum between current price and trailing stop. So it will give me an error if I try to put in less than those numbers.

With that said, I would have to wait until I am up 10 pips before I can set my stoploss to the price I entered at to "break even".

[OzFx]

OzFx Daily Method PIP Update
—————————–----------

Both our NZD/JPY and AUD/JPY hit the first Profit Taking point at +50. Later on price movement stopped the rest the of the lots a break even.

Market has been a volatile due to less volume caused by Chinese New year holiday. We should see the market resumed to normal by next week and more pips in our account.

Month Total: +150

[jlmac27]

Hello,
I am with Oanda and don't have the option of putting my stochs over the AO.What can I do to use my regular stochs to imitate this?

[bexabarr]

Originally Posted by jlmac27

Hello,
I am with Oanda and don't have the option of putting my stochs over the AO.What can I do to use my regular stochs to imitate this?

Why don't you use one of the free demo accounts that use MT4 and when you find a valid set-up execute it on your Oanda platform?

[OzFx]

Originally Posted by CyberG

I am interested in moving my stop loss too, how do you move a stop loss to break even? Does that mean there will be no losses if I move it to break even? How do I know or calculate what break even is? Is this the same way you 'lock in profits'?

Break Even is the same price as your initial Buy or Sell price. It is the price that you opened your trade. So if you move your SL to BE then you can't loose anymore and hence you lock in the profits

HTH
Oz

[kent123]

Does this strategy work on any pair. And what are the best pairs you've found that work well with this strategy. Also can you give me an estimate as to how many times this strategy works opposed to loses.