OzFx System :) 100-800 Pips Per Trade

[cosmicat]

Oz,

Great work, I've been following your system and backtested a variation of it on TS with promising results. Man, good job!

[OzFx]

Hello Friends,

I’ll advise to stay away from taking any new trades today. The reason primarily due to holiday in US and UK.

1. USA: Memorial Day
2. United Kingdom: Spring Bank Holiday


Please read the FAQ and learn how to use the signals here.


Cheers,
Oz

[OAC]

	Quote:	cosmicat
	Oz, Great work, I've been following your system and backtested a variation of it on TS with promising results. Man, good job!

cosmicat:
On February 17, 2008, Thrunner posted his TS Performance Report on this sytem.(Post#22) He stated that the short trades were not profitable with the EUR/JPY pair even with the 200sma filter. Can you compare your results with his and possibly make some meaningful observations ?

Thanks

[OzFx]

Hello Friends,

Due to the holidays yesterday the market didn't moved much. Hence the indicators today are not ideal to open new trades. I would let the market run its course today and see how things develop.

Remember that we don't have to trade for the sake of trading. Since I'll have spare time today feel free to drop me an email if you have any questions.

Cheers,
Oz

[OAC]

Oz:
I do have a couple questions for you :
(1) The standard Stochastic indicator has a scale that runs from 0 to 100.
With your entry signal triggered with Stochastic going above or below zero, Is your zero line equivalent to the 50 centerline in the standard stochastic indicator ?
(2) Your stochastic indicator shows 2 lines, I guess one of the line is the signal line. Do you use the signal line ? If not, why do you show it on your chart ?
(3) When I look at the AC Oscillator histogram some of the times, I can't help but notice the nice divergence with price prior to an entry signal. Is that significant at all ? You did say that reading this thing is like an art, therefore I can't possibily imagine the entry signal to be 100% mechanical ?


Thanks

[myrtleturtle]

Oz.Fx:

whats an "Oz special" ?
your site refers to a "squeeze-more" and its rules, but no reference to a "special", unless they are the same thing.
or is the "special" a black-box?

thanks

[Trader333]

Oz.Fx,

Thanks for posting the Tradestation ELD file. Is it possible that you can post an ELA or ELS version of this as I use TS2Ki and it cannot read ELD files. Or maybe post the actual lines of code as I can adapt it from there ?

Thanks


Paul

[Blu-Ray]

	Quote:	Trader333
	Oz.Fx, Thanks for posting the Tradestation ELD file. Is it possible that you can post an ELA or ELS version of this as I use TS2Ki and it cannot read ELD files. Or maybe post the actual lines of code as I can adapt it from there ? Thanks Paul

Here you go Paul.

//Acceleration/Deceleration Technical Indicator (AC) from Awesome Oscillator Technical Indicator (AO)
inputs:
Len1(5),
Len2 (34),
Price ( (High + Low) /2),
CutOff(0), UpColor(Green), DnColor(Magenta);


vars:
AO (0), AC (0);
AO = Average (Price, Len1) - Average (Price, Len2);
AC = AO - Average (AO , Len1);
Plot1( AC , "AC1");
Plot2(CutOff, "CutOff");

If Plot1>Plot1[1] then begin
plot1[1](Plot1[1],"AC1",upcolor);
plot1(Plot1,"AC1",upcolor );
end else begin

If plot1<plot1[1]then begin
plot1[1](Plot1[1],"AC1",dncolor);
plot1(Plot1,"AC1",dncolor );

end; end;


if Plot1 crosses above Plot2 OR Plot1 crosses below Plot2 then Alert;

{

Calculation
AC bar chart is the difference between the value of 5/34 of the driving force bar chart and 5-period simple moving average, taken from that bar chart.

AO = SMA(median price, 5)-SMA(median price, 34)
AC = AO-SMA(AO, 5)

Where:
SMA — Simple Moving Average;
AO — Awesome Oscillator.


Acceleration/Deceleration Technical Indicator (AC) measures acceleration and deceleration of the current driving force. This indicator will change direction before any changes in the driving force, which, it its turn, will change its direction before the price. If you realize that Acceleration/Deceleration is a signal of an earlier warning, it gives you evident advantages.

The nought line is basically the spot where the driving force is at balance with the acceleration. If Acceleration/Deceleration is higher than nought, then it is usually easier for the acceleration to continue the upward movement (and vice versa in cases when it is below nought). Unlike in case with Awesome Oscillator, it is not regarded as a signal when the nought line is crossed. The only thing that needs to be done to control the market and make decisions is to watch for changes in color. To save yourself serious reflections, you must remember: you can not buy with the help of Acceleration/Deceleration, when the current column is colored red, and you can not sell, when the current column is colored green.

If you enter the market in the direction of the driving force (the indicator is higher than nought, when buying, or it is lower than nought, when selling), then you need only two green columns to buy (two red columns to sell). If the driving force is directed against the position to be opened (indicator below nought for buying, or higher than nought for selling), a confirmation is needed, hence, an additional column is required. In this case the indicator is to show three red columns over the nought line for a short position and three green columns below the nought line for a long position.


}



Hope this helps

Blu-Ray

[Trader333]

Thank you very much Blu-Ray this is appreciated.


Paul

[OzFx]

Hello Friends,

Here is the update from recent trades.

1. Oz Special:

EUR/USD - Long: Third lot closed at +150.

USD/CHF - Short: First lot closed at +50.

GBP/USD - Long: First lot closed at +50. Rest of the lots closed at BE.

2. Daily Signal:

EUR/CHF - Short: First lot closed at +50. Rest of the lots closed at BE.

GBP/CHF - Short: Fourth lot closed at +200. Still holding the last lot.

AUD/JPY - Long: Third lot closed at +150.