Quoting howardDislikedHi
Over what period of time?Ignored
Mouteki Vs Fozzy 8 replies
The Daily Fozzy Method 2,814 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
My Daily Fozzy Trades 337 replies
Fozzy, Pip Boxer, Flyer 4 replies
Quoting howardDislikedHi
Over what period of time?Ignored
Quoting BeachBumDislikedHere are just some random thoughts about ATR useage that may be useful to "fozzy" method traders:
The current fozzy EA has T/P default settings of 40 and 130. For the sake of my discussion I will use eur/usd as my example pair. Over the past several months the ATR for this pair has hovered around 80. Therefore an initial T/P of 40 represents approximately 50% of the ATR for this period. And the 130 T/P would be approximately the ATR times 1.5 or 150% ATR. Initially these values seem to work well within the scope of the EA. Therefore, it is my position that if a trader would like to use the fozzy EA on other currency pairs which have a significantly different daily ATR, the above percentages of the ATR could be used to establish the two T/P values in the EA. This is exactly what I have done. Last week I set up a series of 18 charts using the fozzy EA on each, and on each chart I manually set the two T/P values in the EA using 50% ATR and 150%. This is a work-in-progress, a forward test, and it will be interesting to see how it develops.
Comments and observatons always welcome.Ignored
Quoting stockwetDislikedWe've been having an issue with the EA where the calculated MA on RSI values differ from what the indicator is giving. This is causing the EA to fire off different signals than if someone is looking at the chart and just using the indicator. I've checked and tested the code over and over and cannot find an issue with the code. It appears to be exactly as it should according to all documentation and the examples I have.
I've placed a forum topic with MetaQuotes and will see what they say. I'll also work on an intermediate solution. But, for now, everyone should know that the signals returned on the EA may not match the indicator signals.
Regards,
stockwetIgnored
Quoting paul2DislikedOr is there a problem with the charted indicators, causing the visual cues to not be 100% correct. A cross where there isn't really one, for example?Ignored
Quoting BeachBumDisliked...I manually set the two T/P values in the EA using 50% ATR and 150%. This is a work-in-progress, a forward test, and it will be interesting to see how it develops.
Comments and observatons always welcome.Ignored
Quoting accreteDislikedThanks for the nice, concise explanaition of what your are doing in your tests BB, er, Mr.ChevyMan just found your ride pix ; ) (Does a Chevy 327 inside a Toyota FJ40 count me in as a Chevy guy too?? grin.)Ignored
Quoting stockwetDislikedWe've been having an issue with the EA where the calculated MA on RSI values differ from what the indicator is giving. This is causing the EA to fire off different signals than if someone is looking at the chart and just using the indicator. I've checked and tested the code over and over and cannot find an issue with the code. It appears to be exactly as it should according to all documentation and the examples I have.
I've placed a forum topic with MetaQuotes and will see what they say. I'll also work on an intermediate solution. But, for now, everyone should know that the signals returned on the EA may not match the indicator signals.
Regards,
stockwetIgnored
Quoting BeachBumDislikedActually Thom, IMO it makes you a "Hot Rodder", but not necessarily a "Chevy" man. Either way, you're a good guy in my book, thanks for the complement! (Of course you know my 427 will smoke that 327.....lol!)Ignored
Quoting smjonesDislikedYes, but my 383 stroker will smoke both of them. LOL
Chevy Chevy Chevy!Ignored
Quoting BeachBumDislikedHi stockwet...........
I wondered about this last week when the indicator you prepared showed six trades but the EA only fired off two. Don't misunderstand me, I like your EA, but I'm old-fashioned, I use it to "alert" me to trades not actually execute them for me. I love the thrill of pulling the trigger on my own $$$ rather than letting personality-less computer code do it for me. That's one of the reasons I don't play slot machines. Please keep us informed as to your progress.Ignored
Quoting stockwetDislikedYes, I have another method I use that is much more manual. So, I get my thrill with that.
Just remember, though. We don't know yet whether the discrepency is with the EA or the indicators. If the indicators are miscalculating, then, that's a really big problem for MetaTrader, generally.
Anyhow, that's why I provide the alert mechanism and the ability to turn live trades off. Lots of guys will trade like you (me too, since I'll be trading this with my oanda account.)
Also, you and Scott should put your money where your mouths are - winner gets the other's car. (Hmmm, I wonder how my 2001 Mazda MPV would fare? Yeah, I think I'll stay home for this one.)Ignored
Quoting BeachBumDislikedNow wait a minute here...................I don't want to take this thread off target, but I think I just got called out. Scott, I'll meet you on the old service road behind the Dairy Queen at 6PM...Ignored
Quoting smjonesDislikedTaylor, what do you mean by the discrepancy? I read the earlier posts. Are you saying that two identical algorithms can be performed differently in MT4?Ignored
Quoting stockwetDislikedIgnored