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Attachments: The Fozzy EA
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The Fozzy EA

  • #1
  • First Post: Edited Oct 24, 2006 7:22am Sep 29, 2006 9:42am | Edited Oct 24, 2006 7:22am
Attached is the EA for the Daily Fozzy method. The method is described here: http://www.forexfactory.com/forexfor...ead.php?t=7984.

The EA was developed jointly by tradeigel and stockwet.

The EA has the following features:

 

  1. Automatically opens a new order if criteria is met for a given currency (only one order per currency pair is allowed open at a time.)
  2. Allows the trader to take ALL crosses, or, only those that also meet the Bollinger Bands median line criteria.
  3. Trader can specify the number of lots to trade.
  4. The Stop Loss is automatically set to the preceding bar's high or low value (depending on trade direction.)
  5. The SL can optionally be set based on BeachBum's ATR method.
  6. Traders can specify a stop loss "cushion" which would place the initial stop loss above or below the high or low based on the number of pips specified (account for double touches, spreads, whatever.)
  7. The SL is moved to breakeven when a specified number of pips is reached.
  8. A trailing stop feature can be enabled. Traders can specify when to activate the trailing stop and the amount to trail by.
  9. A maximum TP amount can also be specified.
  10. The EA sets the magic number to 7984 (same as the Fozzy thread id) so that the EA does not impact other trades on the same currency.
  11. The EA does not hardcode the daily time period, enabling Fozzy to be run or tested on other time periods.
  12. The EA can send alerts to email when a valid signal occurs.
  13. Live trading can be disabled in the EA itself.

Future possible features:

  1. Ability to take partial profit out at a specified target
  2. Others?

The latest Fozzy EA will always be posted on this first thread to ensure that it is easy to find. If you have any bugs, questions, suggestions, etc., use this forum. If you have questions about the method itself, refer to the main Fozzy thread in the Discussion forum (see link above.)


**** UPDATES ****
:: 9-29-2006: Changed okToCheck to support trading only on 00 GMT, if the Use_00_GMT variable is set to
true. Otherwise, trades open on new bar.
:: 9-30-2006: Added parameter to specify MA method. Uses EMA by default now.
:: 10-2-2006: Added ability to set SL according to ATR(10) method, as described by BeachBum
:: 10-3-2006: Added feature for taking partial profit out at a specified level. User specifies number of lots to take out.
Currently, this feature only supports a single partial profit takeout. It looks to see if the order lots
is equal to the Lots value. So, the EA can be "tricked" into taking additional partial profit by modifying the
Lots value to equal the current open order lots remaining and resetting the partial profit value.
:: 10-9-2006: Added alert feature when a cross occurs. Also added Trade_Live parameter to turn live trading on and off.
:: 10-17-2006: Bug Fix: TP amount getting set to 0 on B/E and Trailing Stop functions.
:: 10-23-2006: Bug Fix (v2.2): RSI MA values being incorrectly calculated in EA. Added feature to include test information as comments in chart window.
:: 10-24-2006: Incremented EA version. Fozzy 2.1 is old version with incorrect calculations but positive EA results. Fozzy 2.2 includes the calculation fix.

****

Attached File(s)
File Type: mq4 fozzy_2-1.mq4   12 KB | 5,134 downloads | Uploaded Oct 24, 2006 7:21am
File Type: mq4 fozzy_2-2.mq4   13 KB | 7,830 downloads | Uploaded Oct 24, 2006 7:22am
  • #2
  • Sep 29, 2006 9:58am Sep 29, 2006 9:58am
Outstanding work stockwet & tradeigel.....thank you very much!

I can't wait to test with this EA........


Quoting stockwet
Attached is the EA for the Daily Fozzy method. The method is described here: http://www.forexfactory.com/forexfor...ead.php?t=7984.

The EA was developed jointly by tradeigel and stockwet.

The EA has the following features:

  1. Automatically opens a new order if criteria is met for a given currency (only one order per currency pair is allowed open at a time.)
  2. Allows the trader to take ALL crosses, or, only those that also meet the Bollinger Bands median line criteria.
  3. Trader can specify the number of lots to trade.
  4. The Stop Loss is automatically set to the preceding bar's high or low value (depending on trade direction.)
  5. Traders can specify a stop loss "cushion" which would place the initial stop loss above or below the high or low based on the number of pips specified (account for double touches, spreads, whatever.)
  6. The SL is moved to breakeven when a specified number of pips is reached.
  7. A trailing stop feature can be enabled. Traders can specify when to activate the trailing stop and the amount to trail by.
  8. A maximum TP amount can also be specified.
  9. The EA sets the magic number to 7984 (same as the Fozzy thread id) so that the EA does not impact other trades on the same currency.
  10. The EA does not hardcode the daily time period, enabling Fozzy to be run or tested on other time periods.

Future possible features:

  1. Ability to take partial profit out at a specified target
  2. Alert mechanism
  3. Others?

The latest Fozzy EA will always be posted on this first thread to ensure that it is easy to find. If you have any bugs, questions, suggestions, etc., use this forum. If you have questions about the method itself, refer to the main Fozzy thread in the Discussion forum (see link above.)

  • #3
  • Sep 29, 2006 11:47am Sep 29, 2006 11:47am
I'm new to metatrader, and I had no idea this program was this powerful. I think I've found my new interface. Too bad Oanda doesn't support it.
So far so good.
  • #4
  • Sep 29, 2006 3:19pm Sep 29, 2006 3:19pm
Thanks for sharing, stockwet & tradeigel!

I was thinking to make an EA for Fozzy myself, but it's much nicer to just enjoy someone else 's work.
Target: Trading naked.
  • #5
  • Sep 29, 2006 3:43pm Sep 29, 2006 3:43pm
Don't be mad if I am wrong, , but there seems to have a bug in the oktocheck() function, in which you use the bar numbers to determine if there is a new opening bar:

if (lastBars != Bars && checkOpenTrade()==0) barOK = true;

but when a trade open and stop in the same day, the bar number hasn't changed and the setup may be still there, so the trade will be reopened and stopped out again and again until the setup disappears or the next day coming. I found this in my back tests.

I verified this by modified one line in the start() as following and problem solved:

if(checkOpenTrade() == 0 && Hour()==0 && Minute()<1 && Seconds()<10) getSignal();

You probably want to fix the oktocheck() instead of doing what I did.
Try backtesting GBPUSD in Aug 06 and you will find this bug.

Just a tiny problem. THE EA STILL ROCKS!
Target: Trading naked.
  • #6
  • Sep 29, 2006 4:13pm Sep 29, 2006 4:13pm
Hey thanks. I'm not sure if this is a bug or not. I was under the impression that there really is only one trade per day since you should be checking at the start of each day. Nothing has been said on the forum about what to do if you're stopped out in the same day. Do you reenter again, or, wait until the next valid signal. It's an excellent observation.

Quoting aha
Don't be mad if I am wrong, , but there seems to have a bug in the oktocheck() function, in which you use the bar numbers to determine if there is a new opening bar:

if (lastBars != Bars && checkOpenTrade()==0) barOK = true;

but when a trade open and stop in the same day, the bar number hasn't changed and the setup may be still there, so the trade will be reopened and stopped out again and again until the setup disappears or the next day coming. I found this in my back tests.

I verified this by modified one line in the start() as following and problem solved:

if(checkOpenTrade() == 0 && Hour()==0 && Minute()<1 && Seconds()<10) getSignal();

You probably want to fix the oktocheck() instead of doing what I did.
Try backtesting GBPUSD in Aug 06 and you will find this bug.

Just a tiny problem. THE EA STILL ROCKS!
  • #7
  • Sep 29, 2006 4:24pm Sep 29, 2006 4:24pm
Actually,

I re-read your post again and realized I may have misunderstood. Are you saying that the EA currently opens up multiple orders if stopped out, or that it does not open up multiple orders and you would like it to?

I think I see what you're saying - that the EA opens multiple orders if stopped out and we need to keep that from happening.

Tradeigel suggested using time code instead of the bars code. I like that idea. But, when I tested the time code, I got really funny results in strategy tester (not that I know how to use it anyway.)

I'll make the change and see how it does.

stockwet

Quoting aha
Don't be mad if I am wrong, , but there seems to have a bug in the oktocheck() function, in which you use the bar numbers to determine if there is a new opening bar:

if (lastBars != Bars && checkOpenTrade()==0) barOK = true;

but when a trade open and stop in the same day, the bar number hasn't changed and the setup may be still there, so the trade will be reopened and stopped out again and again until the setup disappears or the next day coming. I found this in my back tests.

I verified this by modified one line in the start() as following and problem solved:

if(checkOpenTrade() == 0 && Hour()==0 && Minute()<1 && Seconds()<10) getSignal();

You probably want to fix the oktocheck() instead of doing what I did.
Try backtesting GBPUSD in Aug 06 and you will find this bug.

Just a tiny problem. THE EA STILL ROCKS!
  • #8
  • Sep 29, 2006 4:48pm Sep 29, 2006 4:48pm
My backtesting result is pretty bad for both EURUSD and GBPUSD in 2006 (AUG and Sept is good though). I notice you posted in Fozzy's thread that Tradeigel also have different results than yours. I am curious what happened.

A way to find it out is to analyze the trade made by the EA one by one. To do that, you may press the "open chart" button on the tester at the right. A chart will be opened with all the trades labeled on it. We can match our charts to see when our results begin to be different (maybe our chart data is different... ).

The attached is the chart I produced in that way. The indicators are added on manually, for the convenience to verify the trade setups.

You can see they are all valid trade setups according to Fozzy system.
Attached Image
Target: Trading naked.
  • #9
  • Sep 29, 2006 4:52pm Sep 29, 2006 4:52pm
Yeah, if a trade is stopped in the same day it opens, and if the setup is still there, it will reopen again.

I saw in my backtesting. You may try your EA to backtesting GBPUSD from Aug 01 to Sept 01, which should reproduce the problem.

You can open the charts in the tester to see what exactly happened.


Quoting stockwet
Actually,

I re-read your post again and realized I may have misunderstood. Are you saying that the EA currently opens up multiple orders if stopped out, or that it does not open up multiple orders and you would like it to?

I think I see what you're saying - that the EA opens multiple orders if stopped out and we need to keep that from happening.

Tradeigel suggested using time code instead of the bars code. I like that idea. But, when I tested the time code, I got really funny results in strategy tester (not that I know how to use it anyway.)

I'll make the change and see how it does.

stockwet
Target: Trading naked.
  • #10
  • Sep 29, 2006 4:54pm Sep 29, 2006 4:54pm
First, I made a change to the EA. I decided to add a variable to control whether you open based on last bar or based on GMT 00. The reason is that I think some people might want to test or try the EA on lower time periods.

When I run results on tick data, I get poor results. Much like yours and tradeigel's. I downloaded Apari 1m data and used that for testing. I'll post a chart of my results as soon as I have a chance.

stockwet
  • #11
  • Sep 29, 2006 4:56pm Sep 29, 2006 4:56pm
My data was from Apari... we can match our charts to find out the difference on data too.


Quoting stockwet
First, I made a change to the EA. I decided to add a variable to control whether you open based on last bar or based on GMT 00. The reason is that I think some people might want to test or try the EA on lower time periods.

When I run results on tick data, I get poor results. Much like yours and tradeigel's. I downloaded Apari 1m data and used that for testing. I'll post a chart of my results as soon as I have a chance.

stockwet
Target: Trading naked.
  • #12
  • Sep 29, 2006 7:53pm Sep 29, 2006 7:53pm
Quoting stockwet
Attached is the EA for the Daily Fozzy method. The method is described here: http://www.forexfactory.com/forexfor...ead.php?t=7984.

The EA was developed jointly by tradeigel and stockwet.

The EA has the following features:

 

  1. A trailing stop feature can be enabled. Traders can specify when to activate the trailing stop and the amount to trail by.
  2. A maximum TP amount can also be specified.
  3. The EA sets the magic number to 7984 (same as the Fozzy thread id) so that the EA does not impact other trades on the same currency.
  4. The EA does not hardcode the daily time period, enabling Fozzy to be run or tested on other time periods.
  5. The EA uses SMA for the moving average type.

Is it SMA or EMA? I think Fozzy confirms that he uses EMA and not SMA.
  • #13
  • Sep 30, 2006 9:28am Sep 30, 2006 9:28am
Quoting juxta14
Is it SMA or EMA? I think Fozzy confirms that he uses EMA and not SMA.
I posted a new update to allow the method to be specified as a parameter (MA_Method). By default, it is now set to EMA.
  • #14
  • Sep 30, 2006 10:51am Sep 30, 2006 10:51am
will try in demo account
{ commercial link removed by mod, please read the forum rules }
  • #15
  • Sep 30, 2006 3:05pm Sep 30, 2006 3:05pm
Quoting stockwet
I posted a new update to allow the method to be specified as a parameter (MA_Method). By default, it is now set to EMA.
Any luck at deciphering the take profit mechanisim from that EA I sent you? Will it provide any value in adding that feature to this EA?

Jason
  • #16
  • Oct 2, 2006 10:29am Oct 2, 2006 10:29am
Quoting jlowder
Any luck at deciphering the take profit mechanisim from that EA I sent you? Will it provide any value in adding that feature to this EA?

Jason
Sorry, I took a few days off. I took a look at your code over the weekend. I might see if I can pull it out, but, it also might be easier for me to use code I'm familiar with. In either case, I really appreciate the helpful contribution.

Regards,

stockwet
  • #17
  • Edited 11:50am Oct 2, 2006 11:03am | Edited 11:50am
Stockwet-

I modified this, tweaked the values a bit and added a function to use ATR for the stop losses. I think it's improved a bit. I'm new at this, so I may have screwed something up. Take a look at let me know what you think.

Thanks for your work, Paul
Attached File(s)
File Type: mq4 ATR fozzy_1-0.mq4   10 KB | 1,420 downloads
So far so good.
  • #18
  • Oct 3, 2006 2:51am Oct 3, 2006 2:51am
excellent work- how can I change lots to 0.2 or 0.3, I couldnt change to minilots? can you please help me, I have not so greta account Thx
bj
Quoting paul2
Stockwet-

I modified this, tweaked the values a bit and added a function to use ATR for the stop losses. I think it's improved a bit. I'm new at this, so I may have screwed something up. Take a look at let me know what you think.

Thanks for your work, Paul
BJ
  • #19
  • Oct 3, 2006 3:17am Oct 3, 2006 3:17am
Quoting paul2
Stockwet-

I modified this, tweaked the values a bit and added a function to use ATR for the stop losses. I think it's improved a bit. I'm new at this, so I may have screwed something up. Take a look at let me know what you think.

Thanks for your work, Paul
Paul,

Thanks. I'm actually working on a 2.0 with this same feature. I have it done and tested and will post shortly.

It looks like you have the right idea here, though. I wasn't sure what the ATR multiplier is for. BeachBum references using a percentage of the ATR, but, I'm not sure what the multiplier you have is meant to do. Also, I found what I think might be an error in your calculation. You have the following for a buy signal:

initSL = Ask-(ATRMultiplier*atr())+(Init_Stop_Cushion*Point);

I believe it needs to be:

initSL = Ask-((ATRMultiplier*atr())+Init_Stop_Cushion*Point));

Or

initSL = Ask-(ATRMultiplier*atr())-Init_Stop_Cushion*Point;

If your code does work, I'm not quite sure how since the algebra looks a little off to me. But, that could be my mistake also.

Also, you can factor in the spread by using the Bid value on the long and the Ask value on the sell for the basis of the stop calculation. I'll probably switch and do that for Fozzy 2.0.

Best and good work,

stockwet
  • #20
  • Oct 3, 2006 6:35am Oct 3, 2006 6:35am
I wanted the stop to be greater than the atr, 3 times to be exact. I was just testing ideas and tossed that in there. I think you're right about the algebra problem, and maybe that's why i was getting some odd looking results/errors. I'll wait to see what you've done with 2.0, as if i read correctly you're going to set it to use a percentage of the atr, so it would be a bit more adjustable than mine. Good idea on the bid instead of the ask, I'll make note of that for next time. Thanks!

Quoting stockwet
Paul,

Thanks. I'm actually working on a 2.0 with this same feature. I have it done and tested and will post shortly.

It looks like you have the right idea here, though. I wasn't sure what the ATR multiplier is for. BeachBum references using a percentage of the ATR, but, I'm not sure what the multiplier you have is meant to do. Also, I found what I think might be an error in your calculation. You have the following for a buy signal:

initSL = Ask-(ATRMultiplier*atr())+(Init_Stop_Cushion*Point);

I believe it needs to be:

initSL = Ask-((ATRMultiplier*atr())+Init_Stop_Cushion*Point));

Or

initSL = Ask-(ATRMultiplier*atr())-Init_Stop_Cushion*Point;

If your code does work, I'm not quite sure how since the algebra looks a little off to me. But, that could be my mistake also.

Also, you can factor in the spread by using the Bid value on the long and the Ask value on the sell for the basis of the stop calculation. I'll probably switch and do that for Fozzy 2.0.

Best and good work,

stockwet
So far so good.
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