Originally Posted by fx_chick

I can’t for the life of me understand why people persist with EAs. OzFx has given us a simple to follow system that works well… and everyone is asking for email alerts, arrows that tell you when to get in and out of a trade, and a program that actually puts trades on for you.

Are people,
A) Really that lazy that they can’t check their charts once a day or every 4 hours to see if any signal is coming up,
B) Not able to recognize a entry signal when they see one so they need arrows to advise them when to enter, or
C) Really think that an EA will make them money?

You can’t trade every signal like a robot and expect to make money. There are many signals that you shouldn’t take because they may be at support or resistance levels, and there are many other trades that you should enter well before the 4 hour or daily candle had closed. I have been using the OZFX system for a while now and it works well. Many trading systems work well. The problem with most people is that they want to make simple systems difficult because they don’t believe that simple systems work. Sure, modify it a little to suit your personal trading style, but don’t start throwing on a million other indicators to try and filter out every signal that failed if you only had a particular indicator that would have stopped you from taking it.


Great work OzFx and thank you for sharing.