Dear All
This new system seems interesting.

Squeeze-More | OzFx Forex System

Any Ea Developpements?

Thx

hi there - i was wondering if anyone can tell me how to put the stochastic over the willams oscillator - for the life of me i cant get it to happen. some advice would be very much appreciated

regards

boomboom

Look at this thread overlaying indicators

--------

Everything about Stochastic is here Stochastic Oscillator

Attached Files

	OzFx (SqueezeMore) Sample Trades.pdf (470.5 KB, 221 views)
	OzFx (SqueezeMore).tpl (1.6 KB, 124 views)

__________________
Pipping ain't easy but someone's got to do it!

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.

Hello Friends,

Few days back I mentioned reconsidering 200SMA filter rule and now I am convinced that we can relax this rule a bit specially in times when most pairs are trending against the established trend. So here is what I recommend:

1. Wait for AC to cross “0″ line.
2. Go down to 4hr and 1hr to see if you still see AC and Stot in the same direction.
3. Risk less percent of equity for trades against the trend.

I would welcome your ideas and thoughts on this.

Cheers,
Oz

Are you suggesting that a robot cannot make you money? There are profitable EA's out there.

i had the same way of thinking, but i have never forward-test it

I was implying that a robot can’t think. It follows set rules. I am also implying that if people think that trading is as easy as finding an EA that they can activate… walk away and consistently make money, then they are kidding themselves. If there are profitable EA’s that consistently make money, then why aren’t you trading them? Look, all I am saying is that there are many good trading systems out there, but you can’t trade them like a robot and take every signal, because in the end you’re taking 2 steps forward and 3 steps back. There are a lot of things to consider before putting on a trade, like is the market ranging rather then trending? Has the confirmation candle moved too far? Should I jump in at the close of the candle or wait for a little pullback? Some pairs move differently to others. You need to follow them and know which ones you should wait for a better fill because some pais 90% of the time will give you a 5 – 15 pip better fill depending on the particular timeframe you are trading, and other pairs don’t so you need to jump in well before the candle closes. The average trading range on a 4 hour GBPUSD candle is close to 100 pips whereas the Aussie is less then half that. Every pair is different. With some you would be better off taking the trade well before the candle confirms, but with others you’re better off waiting. How would a robot that can’t think be able to determine what to do? I trade chart patterns and candlestick patterns in conjunction with fib extention and retracement levels on different timeframes ranging from 15 minute charts to 4 hour charts and I would NEVER take a trade just because I got a signal if support or resistance levels are against me.

I’m not having a go at you, just stating what I believe. Trading isn’t easy. If it were as easy as a system with set rules and nothing else to think about then everyone would make money from trading by using an EA. And even if there is a profitable EA out there, what I am suggesting is that you can make MUCH MORE profit using the same trading system the EA uses but putting trades on yourself. And from my experience with EA’s and by what people have also been saying in not only this thread but the whole forum, they aren’t very reliable. They take trades when they shouldn’t and don’t take trades they should.

First off, I am trading using an EA. EA's CAN detect trending or ranging, if programmed right. Your right, the trading ranges on a 4 hour candle do vary by pair, that is why EA's are often OPTIMIZED for each pair. Your saying EA's take trades when they shouldn't, of course thats true. Just like a human often takes trades when they shouldn't. The difference between humans and EA's is that, EA's trade without emotion. You've been a member of this forum for a whole 1 month and state "from my experience with EA’s and by what people have also been saying in not only this thread but the whole forum, they aren’t very reliable." I recommend you do more research. There are many highly respected members of this forum that trade with EA's. Take for instance Bluto. From what I've heard he has developed a highly profitable EA. He trades strictly using that EA, no manual trading. He has clients using his EA on 6 figure accounts. I'm not advertising for Bluto, just proving a point. EA's can be profitable.