OzFx System :) 100-800 Pips Per Trade - page 6

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Thank you PyeR2 for the backtests. I guess it pretty much 50/50 in terms of profit/loss ratio.

I will include the 200SMA filter in the next version. Give me a couple of days to put something together.

Regarding the errors, don't worry about it. What happens is that when a new signal arrive, the EA will close all previous five trades. Unfortunately, some of the trades are already closed as they have hit their respective Take Profit values. Thus the EA's attempt to close something that has already been closed caused an error. Operationally it is still working.

I will re-write the closing subroutine this weekend.

Oh yes, the EA was originally written for the EURUSD, so it will also work on other pairs which has the x.xxxx values. It currently won't work on JPY pairs which has the xxx.xx values. I will address this in later versions.

 

Question about 200SMA

OzFx,

I have a question on the 200SMA filter.

When you apply it to your charts, what settings do you use? Do you apply it to Close, Open, High, Low, Median Price (HL/2), Typical Price (HLC/3) or Weighted Close (HLCC/4)?

 

Thanks Azmel for the EA.

Looking at the posted backtest, it looks like quite a ride. Don't know if anyone can stomach that big drop.

 
azmel:
OzFx,

I have a question on the 200SMA filter.

When you apply it to your charts, what settings do you use? Do you apply it to Close, Open, High, Low, Median Price (HL/2), Typical Price (HLC/3) or Weighted Close (HLCC/4)?

I apply it to Open.

Cheers,

OzFx

 

OzFx Daily Method PIP Update

—————————–----------

Both our NZD/JPY and AUD/JPY hit the first Profit Taking point at +50. Later on price movement stopped the rest the of the lots at break even.

Market has been a volatile due to less volume caused by Chinese New year holiday. We should see the market resumed to normal by next week and more pips in our account.

Month Total: +150

 
azmel:
Hi OzFx,

That is a good ratio. What is the success rate without the 200SMA filter in place?

The EA that I have released above just uses the AC and Stochastic indicators for the time being.

Regards,

Azmel.

Hi Azmel,

I didn't keep track of trades without 200SMA. I wish I had

Cheers,

OzFx

 

hi

hi,

OZ how about effective SL for daily chart ?

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Forex Indicators Collection

 

I made a quick change to Azmel's EA to incorporate the 200SMA Filter. I'm not near a computer with MT4 to test this thing, but it should work. Let me know if it does or not.

-MRE-

Files:
ozfx_v1.1.mq4  13 kb
 

Backtest EUR/USD v1.1

Hi, I did a backtest using MM 20% from July04 to Dec07. The 200sma filter has certainly smoothed things out alot, however it's still not consistent.

I noticed it was buying below the 200sma and selling above the 200sma (predominantly - there were a few exceptions) - Is this correct? My recollection of the system was the opposite of that but I am not looking at OZFX's post where he stated the rules of his system. Check out the screenshot.

 

Backtested the EA

Hello,

Thank you for your great work with the EA.

I just did a back test of the EURUSD.

It seems like there is a problem with the way the EA close the open orders.

It open 5 buys at the beginning of the test. Close 4 of then in T/P but let the remaining stays open and never open more orders.

# Time Type Order Size Price S / L T / P Profit Balance

1 2007.09.07 00:00 buy 1 1.00 1.3694 1.3594 1.3744

2 2007.09.07 00:00 buy 2 1.00 1.3694 1.3594 1.3794

3 2007.09.07 00:00 buy 3 1.00 1.3694 1.3594 1.3844

4 2007.09.07 00:00 buy 4 1.00 1.3694 1.3594 1.3894

5 2007.09.07 00:00 buy 5 1.00 1.3694 1.3594 0.0000

6 2007.09.07 12:31 t/p 1 1.00 1.3744 1.3594 1.3744 500.00 145500.00

7 2007.09.07 12:31 modify 2 1.00 1.3694 1.3694 1.3794

8 2007.09.07 12:31 modify 3 1.00 1.3694 1.3694 1.3844

9 2007.09.07 12:31 modify 4 1.00 1.3694 1.3694 1.3894

10 2007.09.07 12:31 modify 5 1.00 1.3694 1.3694 0.0000

11 2007.09.07 13:40 t/p 2 1.00 1.3794 1.3694 1.3794 1000.00 146500.00

12 2007.09.11 15:03 t/p 3 1.00 1.3844 1.3694 1.3844 1493.00 147993.00

13 2007.09.12 15:30 t/p 4 1.00 1.3894 1.3694 1.3894 1989.50 149982.50

14 2008.02.04 23:58 close at stop 5 1.00 1.4826 1.3694 0.0000 10802.00 160784.50

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