Thread: OzFx System :) 100-800 Pips Per Trade

Hello Friends,

I would like to share with you a system that has consistently been successful for me, that I would like to call OzFx System.

What can You expect?
This system has a potential of banking 100-800+ pips per trade trading with Daily Chart.

Why Daily Chart?
As you could guess by now that this is not a 5 min scalping system. I believe in trading longer time frame simply because first of all rules of
technical analysis hold true more often and second I don’t want to sit in front of pc all day long.

Think like this, most of us one day would like to be full time traders; however it doesn’t mean that we spend all that time in front of PC.
I would rather go flying and playing golf. So I developed this system thinking of long term and hence it is based on Daily Chart.

See It For Yourself:
Let’s see if you can spot the correlation between the indicator and the price action.



I bet you were able to spot that short entry (300+ pips). Tell me that you noticed that every time AC changes color and crosses the 0 line
it gives us an entry signal. Am I right or right??

Did you see another short trade towards the left side of the chart?? That trade was worth 835 pips in 5 days.

No Clue So far:
I believe 90% of the people will be able to spot the correlation mentioned above. If you are one of the unlucky 10%, then I would recommend
to try some other system and not to waste your time on this post.

The reason I say above is that we should trade using strategy that is intuitive and easy to follow. Technical analysis is not perfect science;
I believe it is an ART, an ART to pick signals as they happen. I am terrible at spotting Flags, Triangles and Head & Shoulders. Hence I keep away
from them and don’t want to spend years to master them.

A Bit Of History:
I started with Forex few years ago simply because I like the volatility and leverage. I’ve never traded stocks in my life and no plans to do so ever.
The only stock I ever held was given to me by the IT company I worked for.

As most of us I tried systems provided on Forums and also commercial system. I tried News Trading, 5 min scalping and astrology (just kidding),
but had no luck. I wasted a fair bit of money and precious time on several systems that were not worth their while.

However the learning that took from that was these systems were complex, had too many indicators (or none) and required a great deal of discretion.
So I went and did my own research to see what indicators make sense, what setting works best and what time frame they should be used on.

So What Is The System?

Setup:

* Open up a daily chart on EUR/JPY.
* Apply Bill Willam’s Accelerator Oscillator (AC).
* Apply Stochastic with setting 5,3,3 on top of AC. Use the template if don’t know how to.
* Try and use demo MT4 from ODL securities. Every broker has different time when they start a new daily candle.
* ODL seems to have the time that works best. I only use their demo account for charts and place my trades on totally different broker.

Short Entry: RED AC below 0 and Stot below 0
Long Entry: Green AC above 0 and Stot above 0
Exit: OppsiteBuy/Sell signal or as per Money Management.
Filter: Apply 200SMA. If price is below 200SMA then only take short trades. If Price is above 200SMA then only take long trades.

Money Management:

* Trade with 5 Lots with Stop Loss 100 pips away
* Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE).
* Take Profit on 2nd Lot at 100 pips.
* Take Profit on 3rd Lot at 150 pips.
* Take Profit on 4th Lot at 200 pips.
* Let the 5th Lot run until you see an opposite entry signal.

The Risk/Reward ratio turns out to be 1:1 or better depending on your 5th Lot. Since we trade on daily and would only take
trades with high probability of success, 1:1 would work just fine.

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.

My Challenge To You:
Spend 2 mins every day to analyze 8-10 of your favorite pairs. Demo it for 2-3 weeks and post the screen shots of your trades for everyone
to see and learn.

What’s In For Me?
It is time for me to Give Back. I learned a great deal from forums and thought there can’t be another way to share something that can make
us all a lot of money. Plus I hope to learn from others on how to improve this system.

Up Next:

* Advance Entry Signals
* Advance Stop Loss(SL) and Profit Taking(PT)
* What pairs to trade and what corresponding Stop Loss to use?
* What are other tradable Time Frames?
* Squeeze-More – An Intraday Strategy
* FAQ
* EA

Email Alerts:
You can also subscribe to free signals send out via email everyday around 7PM EST. Go Here

I’ll reveal more info about the system once I start to see more interest in this post from Forum members.

Cheers,
OzFx

I found your system in FF and I love it man good to spread the word here.

wowww, didnt expect ozfx come to this forum .
im a member of ff too (newbie) & im glad that you can contribute your great system in this forum.
i've been following your thread & really like your system (lotsa pips & relly simple)

Thanks for sharing your system, OzFx. I will try it out.

A couple of questions: what is your broker's clock (the one under "Market Watch") with respect to GMT? What are the disadvantages of using other brokers as opposed to the one that you've recommended?

If you need help in writing an EA for this system, I can help. I am an MQL4 programmer and have help written some simple EAs for mp6140 and FXOperator in this forum.

Regards,

Azmel.

Originally Posted by azmel

Thanks for sharing your system, OzFx. I will try it out.

A couple of questions: what is your broker's clock (the one under "Market Watch") with respect to GMT? What are the disadvantages of using other brokers as opposed to the one that you've recommended?

If you need help in writing an EA for this system, I can help. I am an MQL4 programmer and have help written some simple EAs for mp6140 and FXOperator in this forum.

Regards,

Azmel.

Hi Azmel,
I think it is GMT+2. ODL pops a new daily candle at 7PM EST. What I found with other brokers was that signal may come in too late to enter or sometime too soon. ODL seems to have good balance.

EA would be nice...I think there are already some EAs floating around.

Cheers,
OzFx

Originally Posted by ambleg

wowww, didnt expect ozfx come to this forum .
im a member of ff too (newbie) & im glad that you can contribute your great system in this forum.
i've been following your thread & really like your system (lotsa pips & relly simple)

I think TSD is great forum and a lot of very dedicated people post here. Thats why I thought it is good idea share my system here.

Cheers,
OzFx

Originally Posted by OzFx

Hi Azmel,
I think it is GMT+2. ODL pops a new daily candle at 7PM EST. What I found with other brokers was that signal may come in too late to enter or sometime too soon. ODL seems to have good balance.

EA would be nice...I think there are already some EAs floating around.

Cheers,
OzFx

If you got a new daily candle at 7pm EST, then your broker's clock is GMT. I have an account with IBFX which is also GMT so I will have a go using this.

The problem is that I live in the UK which is also GMT so I have to get up from bed (or stay up all night) at 12am to check the new candle and indicator.

It's great that there is already an EA based on your system. Could you post it here?

Thanks

Originally Posted by OzFx

I think TSD is great forum and a lot of very dedicated people post here. Thats why I thought it is good idea share my system here.

Cheers,
OzFx

yeah, i thought the same too. ff & tsd, im really indebted to these great forums. becoz of them, i can do forex trading with my own trading system (although im still tested it)

for azmel, you can find ozfx ea in forexfactory. there's ea section in ozfx' signature.

cheers

Originally Posted by OzFx

I think TSD is great forum and a lot of very dedicated people post here. Thats why I thought it is good idea share my system here.

Cheers,
OzFx

Thanks Oz for sharing your system here ...hope everyone can post the performance after use it

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Forex Indicators Collection

Spread the word buddy. The system is good enough to be everywhere