[email]

Just let this fellow explain his system and treat him with respect. If you do not like the way he trades then show him what you see is wrong with his approach. Otherwise leave him be.

[tradeit007]

Hi,
Did anyone figure out the parameters for AC?
Thanks,
Rene

[HAL9000]

Originally Posted by tradeit007 »

Did anyone figure out the parameters for AC?

Hi Rene,

I think that you will find the answer to your question here:

http://www.metaquotes.net/techanalys...or_decelerator


Hal

[OzFx]

Hello Friends,

Friday turned out to be a killer day . When I was just about to close off EUR/CAD it started moving in our favor. It went and made us +150 pips. We still have 2 more lots open on this pair.

EUR/USD also moved significantly and 3rd lot closed for +150 pips. We still have 2 more lots open on this pair as well. USD/CHF is currently around +100 and we hope to make more out of this trade.

Overall we made +300 pips in just one day and so far we are sitting at 26/31 successful trades.

Month Total: +520 Pips

Cheers
Oz

[HAL9000]

Originally Posted by email »

Just let this fellow explain his system ...

Hi email,

I agree so far.

Hal

P.S.: I also try to be polite. (Just in case that your post should be related to me.)

[thrunner]

Welcome to the forum, O Z,
Thanks for the thread and posts. It is always nice to see a successful trader posting with bravado on some tips of the trade to a room full of skeptics . The skeptics would say this is simply another moving average following system, pretty much like 90% of the systems out there. It is not bad, but the devil is always in the details, which I hope to provide with some analysis below.
The only objection one may bring up is that there is some discretion in this system, for example:

Originally Posted by OzFx »

If you choose to do back-testing then take special care for signals from late November to end of Dec. Low volume during this time of the year creates wild swings.

Well, you can't really pick and choose time periods in a system without being more specific in the details. For example, is the system going to skip the holidays or the month of December? or how do you quantify volume in Forex? which doesn't report volumes.

There were also times when trades were exited without being stopped or reached target by trader's discretion.

Attached please find data on a strategy analysis of one interpretation of the OzFx System using tradestation. The strategy employs a Lebeau trailing stop instead of the money management as presented above. The attached IE mht file (compressed as rar) showed that overall, trading 1 lot, the strategy is good with most long trades for the EURJPY, but it is not profitable for short trades. The SMA 200 filter was not shown, but if included, would not have improved the short trades significantly.

Thanks again for posting the OzFx system. It shows that even a fairly simple moving average following system can be profitable if taken with the proper discipline of money management.

A copy of the TS EL Acceleration Oscillator is also attached.

[OzFx]

Originally Posted by thrunner »

Welcome to the forum, O Z,
Thanks for the thread and posts. It is always nice to see a successful trader posting with bravado on some tips of the trade to a room full of skeptics . The skeptics would say this is simply another moving average following system, pretty much like 90% of the systems out there. It is not bad, but the devil is always in the details, which I hope to provide with some analysis below.
The only objection one may bring up is that there is some discretion in this system, for example:
Well, you can't really pick and choose time periods in a system without being more specific in the details. For example, is the system going to skip the holidays or the month of December? or how do you quantify volume in Forex? which doesn't report volumes.

There were also times when trades were exited without being stopped or reached target by trader's discretion.

Attached please find data on a strategy analysis of one interpretation of the OzFx System using tradestation. The strategy employs a Lebeau trailing stop instead of the money management as presented above. The attached IE mht file (compressed as rar) showed that overall, trading 1 lot, the strategy is good with most long trades for the EURJPY, but it is not profitable for short trades. The SMA 200 filter was not shown, but if included, would not have improved the short trades significantly.

Thanks again for posting the OzFx system. It shows that even a fairly simple moving average following system can be profitable if taken with the proper discipline of money management.

A copy of the TS EL Acceleration Oscillator is also attached.

Hi Thrunner,
It is nice to hear from you and I appreciate your comments. During Christmas time I would say to trade with less lots and only on strong signals. This applies to any other holiday period.

Cheers,
OzFx

[OzFx]

Hello Friends,

What a great week we had. We banked a total of +550 pips. Two of our previous trades from week before reached +300 each and two from this week reached +100 and few +50. Here is the summary of the trades:

1. EUR/CAD---Closed ( from week before) --- +300
2. EUR/USD---Open ( from week before) -----Locked +200 Currently at +270
3. CAD/JPY--- Open --------------------- ----Locked +100 Currently at +42
4. GBP/USD---Closed ------------------------ +100
5. USD/JPY---Open --------------------------Locked +50 Currently at +23
6. EUR/GBP--- Open-------------------------Locked +50 Currently at +44
7. EUR/AUD---Closed ----------------------- +50
8. CHF/JPY--- Open------------------------- Currently at -38

Total for the month: +1070. So far we have 32/37 successful trades

Please note that we are trading on daily charts and there are times when we see pullbacks in prices before it goes in our favor. Most of the time 100 pip Stop Loss works fine but in some cases it won't work and thats why we came up with ASL. Read ASL to learn how to put smarter SL.

I also want to let you know that I'll away for next three days on business/holiday trip and won't be able to send email alerts. I would still manage my open positions and would report profit/loss when I come back. Perhaps it is good time for everyone to practice on their own

Have a great weekend
Oz