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Fozzy Alt... one more approach to the Daily Fozzy Method

  • #21
  • Oct 13, 2006 3:17am Oct 13, 2006 3:17am
Yesterday EURJPY ended stopped on 50% lot, and even on 100% lot.
  • #22
  • Oct 13, 2006 6:15am Oct 13, 2006 6:15am
Doesn't every trade end stopped out, either for profit or loss? Which was yours?

Quoting Triton18
Yesterday EURJPY ended stopped on 50% lot, and even on 100% lot.
  • #23
  • Oct 13, 2006 7:01am Oct 13, 2006 7:01am
"Doesn't every trade end stopped out, either for profit or loss? Which was yours?"

Exactly, one lot stopped, one stopped at breakeven point, as by rules.
  • #24
  • Oct 13, 2006 10:08am Oct 13, 2006 10:08am
USDJPY stopped on both lots.
EURUSD long took profit on 50% lot on spike, then stopped on remaining.
  • #25
  • Oct 13, 2006 11:37am Oct 13, 2006 11:37am
Tammy, I think I have troubles as well for this issue, and I ask for help by anybody knowledgeable.

I am using interbank fx trader. I do not see in the application any info regarding server timezone, or regarding how to change that.

I am located in central Europe, but using GMT -05 in my computers, so my "screen"time is always as if I were in New York.

The problem is that apparently my daily bars are not forming at the right time, that I supposed it was 00.00 EST, so my charts can be different, with different signals.

I am sure I am missing here something important. I need to be enlightened!
  • #26
  • Oct 13, 2006 12:18pm Oct 13, 2006 12:18pm
Thank you for posting this system, I’m encouraged by it more than the original Fozzy system because it seems to be a better method of managing large stop losses and drawdowns. I am planning on backtesting it on the GBP/USD from January 1, 2005 to the present, which will give us 21 months of data. Once I obtain all the trades I will enter them into Market System Analyzer and post all the statistical data.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o> </o>

Just so I do this correctly, here is my plan, please tell me if anything needs to change (I am using the AOFozzySignalAll rather than the BT version because I want to be able to check for the signal before 5:00 PM ET (when my bar closes) to see if there is a signal):

<o> </o>

If there is a long signal at the close of the bar (5:00 pm Eastern time), I will simulate entering two limit orders (not market orders). The first limit order will be at the high of the previous day’s bar, and the stop loss will be the low of the previous day’s bar. I will then enter a second limit order at the same price (previous day’s high), but the stop loss and take profit orders will be 50% of the previous day’s move.

<o> </o>

Then, the following day at 5:00 PM Eastern, I will look at the trades and modify the stop losses/take profits according to rules posted. I’m not sure I understand them clearly enough yet, but will try to learn them.

<o> </o>

Finally, it seems the text indicator (Sky_Alt_Fozzy_Print) stays at the present day’s bar, therefore cannot be used for backtesting. Can Sky or someone develop this indicator to change based upon cursor movement over a bar so that I could backtest this?
  • #27
  • Oct 13, 2006 12:33pm Oct 13, 2006 12:33pm
Quoting Triton18
"Doesn't every trade end stopped out, either for profit or loss? Which was yours?"

Exactly, one lot stopped, one stopped at breakeven point, as by rules.

Oh I understand now, I wasn't quite understanding how the stop losses worked but I'm getting it better now. Thank you.
  • #28
  • Oct 13, 2006 8:07pm Oct 13, 2006 8:07pm
Well friends, I'm having difficulties backtesting this method because once a signal is generated the next day's price bar often hits both the stop loss and the target, and on backtesting we can not tell which was hit first.

So it appears that we are stuck with forward testing this method, unless anyone has any ideas.
  • #29
  • Oct 15, 2006 7:38am Oct 15, 2006 7:38am
Miscon, have you considered not only setting your 100% stop loss at the low of the previous day (or high if short) but also setting another order at that point as well?

For instance, you set a limit order to go long at the high of the previous day, the order does not trigger and the market drops to the low of the previous day; then you enter short at that point with a stop loss at the high of the previous day.

I don't know how that would work, but I just noticed today that the signal provider I use, which has been very profitable over a year and a half, uses this exact method. Here is the signal they just sent:

=================================================

BUY AUD/USD at 0.7529, stop loss at 0.7488. Exit trade at 5:00 PM on 10/16/2006

SELL AUD/USD at 0.7488, stop loss at 0.7529. Exit trade at 5:00 PM on 10/16/2006

=================================================

If you look, you will see tat the buy order is the high of the previous day, the stop loss is at the low of the previous day. The sell order is at the low of the previous day, and the sell order's stop loss is at the high of the previous day.

What do you think?
  • #30
  • Oct 16, 2006 5:53am Oct 16, 2006 5:53am
Quoting BeachBum
Hello lietuve.....

Would you mind elaborating on how you use the LWMA(2) and LWMA(10)?
Thanks!
Basically it is as I said, the same. LWMA(2),(HLC/3), Shift(0) and LWMA(2), (HLC/3),Shift(1). At the end of a wave, when the "bubble" is formed, they are good to detect the end of the bubble (once they are crossed, I am out of there). That's the only reason I use them. They save me maybe a day in profits. But, beeing MA(2), they move a lot... I like to experiment a lot, so I won't advice anybody to follow me
See the chart attached and compare. It is the same.

Good day!
Attached Image
  • #31
  • Oct 16, 2006 11:02am Oct 16, 2006 11:02am
Thanks for the explanation!



Quoting lietuve
Basically it is as I said, the same. LWMA(2),(HLC/3), Shift(0) and LWMA(2), (HLC/3),Shift(1). At the end of a wave, when the "bubble" is formed, they are good to detect the end of the bubble (once they are crossed, I am out of there). That's the only reason I use them. They save me maybe a day in profits. But, beeing MA(2), they move a lot... I like to experiment a lot, so I won't advice anybody to follow me
See the chart attached and compare. It is the same.

Good day!
  • #32
  • Oct 16, 2006 6:09pm Oct 16, 2006 6:09pm
Quoting mikejody
Miscon, have you considered not only setting your 100% stop loss at the low of the previous day (or high if short) but also setting another order at that point as well?

For instance, you set a limit order to go long at the high of the previous day, the order does not trigger and the market drops to the low of the previous day; then you enter short at that point with a stop loss at the high of the previous day.

I don't know how that would work, but I just noticed today that the signal provider I use, which has been very profitable over a year and a half, uses this exact method. Here is the signal they just sent:

=================================================

BUY AUD/USD at 0.7529, stop loss at 0.7488. Exit trade at 5:00 PM on 10/16/2006

SELL AUD/USD at 0.7488, stop loss at 0.7529. Exit trade at 5:00 PM on 10/16/2006

=================================================

If you look, you will see tat the buy order is the high of the previous day, the stop loss is at the low of the previous day. The sell order is at the low of the previous day, and the sell order's stop loss is at the high of the previous day.

What do you think?
It might be a good idea when the price is at the end of a bubble, but notice on the attached chart the thick black line that's almost flat. MA(100). This might be the reason the advice was to buy when the price crosses the MA, and then exiting next day, because the price might get back to MA(100) to test it as a new support.
I might be wrong, but around those watched closely MAs price sometimes wraps around back and forth for a while. So if you'd sell at the bottom of a channel - not a good idea.
Attached Image
  • #33
  • Oct 17, 2006 7:06pm Oct 17, 2006 7:06pm
Sorry to be MIA, all. Been busy.

mikejody, yep, I've considered using the opposing extreme as an entry too... In visual backtests I've seen it result in what looked like good trades... but until I get some more foreward-testing experience on the system as it is now, I don't want to complicate it further for myself. That's not to say I don't suggest someone try it and see how it works... the more input the better, as far as I'm concerned.

I haven't had a chance to get my trades into a format that I can easily post here, but there's been quite a few. From Triton18's descriptions of his trades I can tell that we're trading the same general system, whether our exact numbers line up or not.

Triton18, the LWMA method intrigues me. It appears that they sometimes produce the same signals at the same times as the FozzyAlt, and sometimes a bit earlier. When I get a minute I'm going to make an adjusted signal indicator for myself that uses them, do a little comparison.

As a quick summary, after posting my intial week's trades at about a 300 pip profit, I got a bunch of bad signals. The majory currencies tend to produce the same signals with this system at the same times... I've been in on two to four currencies concurrently several days... and then had a period of calm after.

As such, when its right, I've made good pips fast (ie, the first week of 300 pips). When its wrong, as it was on Friday and Monday for me, I lost money fast (about -150 pips). Things seem to have turned around since the 0:00 GMT switch yesterday, and I'm back up about 75 pips (~225 total), and have another 100 pips profit in open trades(~325 profit if I cashed out now, but I won't).

So... bit of a roller-coaster.

My feeling is there's a fair amount of subjectivity in playing this system, in terms of where exact TPs and SLs get set as days progress. Sometimes the levels just don't make sense, as in when the 50% SL is above the opening bar. There have been other times where it just looks obvious to my eye that the SL should remain where it is, or be set higher than the system was saying (moving a 100% SL up to a 50% SL level when I already had a fair loss and wanted to limit the hemorrage). I don't move them to arbitrary levels that aren't part of the signal system, but I also don't do something stupid just because an indicator says so.

I've attached a quick spreadsheet of my trades... not a lot of info here, but a graph of my account balance. 21 trades isn't much of a sample, but so far its 10 good trades, 1 BE, and 9 failures... basically balanced in terms of % Success, but the good use of R:R still has me up by ~200 pips.

We'll see what happens in the weeks to come.


-miscon777
Attached File(s)
File Type: zip 21_trades.zip   3 KB | 1,006 downloads
Et ecce equus pallidus...
  • #34
  • Oct 19, 2006 4:21pm Oct 19, 2006 4:21pm
Hi miscon,

First, I would like to thank you for sharing your indicators with us - a real nice work!!

However, I think there is a problem (not with the indicators!!), but when trying to use them according to Fozzy with different brokers.

Different brokers are using different time zones, and therefore, the daily bars have different closing time (not necassarily 00:00 GMT) and different closing price.

Just to take a look at FXDD and IBFX charts and to compare the daily bars of GBPJPY or EURJPY - they are totally different.

I wonder if there is a way to get the daily closing price at exactly 00:00 GMT into the indicators (no matter what broker we are using).

Thank you very much, keep the good work
  • #35
  • Oct 19, 2006 6:09pm Oct 19, 2006 6:09pm
FXDD's "clock" is three hours ahead of IBFX's. I'm not sure, but I think this might be useful. I took a trade a couple of hours ago (when the new FXDD bars were forming) on EURAUD.

The cross was in place on FXDD's platform, but not quite there on IBFX's, however...I took the trade on my IBFX account anyway.

As time is passing, I see that FXDD's signal is being "confirmed" on IBFX.

And...in spite of the huge spread I had to cough up to IBFX on that currency pair, right now...just two hours into the trade...I'm in the black.








Quoting fxwin
Hi miscon,

First, I would like to thank you for sharing your indicators with us - a real nice work!!

However, I think there is a problem (not with the indicators!!), but when trying to use them according to Fozzy with different brokers.

Different brokers are using different time zones, and therefore, the daily bars have different closing time (not necassarily 00:00 GMT) and different closing price.

Just to take a look at FXDD and IBFX charts and to compare the daily bars of GBPJPY or EURJPY - they are totally different.

I wonder if there is a way to get the daily closing price at exactly 00:00 GMT into the indicators (no matter what broker we are using).

Thank you very much, keep the good work
Is your SL my TP?
  • #36
  • Oct 20, 2006 4:05pm Oct 20, 2006 4:05pm
Greetings all, i thought i'd paste a link to a post i just did over at the Fozzy Daily thread on the "why" behind the Bollinger Band on the RSI as i originaly posted back in January of 2006 here at FF and noted by Fozzy in his first post at his fun thread. The new post goes into detail on why John Bollinger uses his bands on the RSI. Link to Daily Fozzy thread post. As i mention in my post, i use this indicator mainly on hourly charts (have for the past year), but am also looking at the daily charts cuz every body that's somebody still stays we should be trading on them! grin.

Here is also a image of the rsi in use per the original John Bollinger suggestions in his book quoted in my post:

http://www.accrete.com/fx-posts/tgle...normalized.gif

Have a great weekend all.
Cheers,
Thom
  • #37
  • Oct 20, 2006 5:03pm Oct 20, 2006 5:03pm
Greetings,

Well I have completed my first week live trading the Alternate Fozzy method and have some statistics to post. I have noticed that this week would have been much better using standard Fozzy entries (not limit orders at high/low of bar, but market orders at bar open). I don't know if it will be that way every week, as I am sure the alternate Fozzy entries keep us out of bad trades, but this week the difference in pips would have been 282 pips better using traditional Fozzy entries. Also, had I not traded GBP/JPY pairs I would have been 152 pips better off. Again, I don't know if it will be that way every week, but looking back several weeks now this currency pair has been very choppy. Also, I still have many open trades from this past week, which I am not reporting the results of until they close.

Overall, I am very happy with this method of trading, especially taking regular Fozzy entries as this method has very good win/loss ratio and risk/reward ratio, and good (low) drawdown stats. Next week I plan to increase number of units being traded.

Here are the stats (these are for traditional Fozzy entries, live trading):

TOTAL 176 PIPS<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Fozzy Traditional +282<o></o>

Total: 458<o></o>

Would be +152 without GBP/JPY trades<o></o>



=============================================================================================

PERFORMANCE STATISTICS

=============================================================================================

<o> </o>

TRADING PARAMETERS...........................................................................

Initial Account Equity: $10,000.00

Trading Vehicle: Futures

Initial Margin: $1,000.00

Round-turn slippage per contract: $0.00

Round-turn commissions and fees per contract: $0.00

Position Sizing Method: None

No. Contracts: From input data

<o> </o>

PROFIT SUMMARY...............................................................................

Total Net Profit: $475.00

Gross Profit: $850.00

Gross Loss: -$375.00

Profit Factor: 2.2667

Highest Closed Trade Equity: $10,484.00

Lowest Closed Trade Equity: $9,930.00

Final Account Equity: $10,475.00

Return on Starting Equity: 4.75%

<o> </o>

TRADE RESULTS................................................................................

Number of Trades: 29

Number of Winning Trades: 16

Number of Losing Trades: 13

Percent Profitable: 55.17%

Max Number of Contracts: 1

Minimum Number of Contracts: 1

Average Number of Contracts: 1

Largest Winning Trade ($): $158.00 (1.59%)

Largest Winnning Trade (%): 1.59% ($158.00)

Average Winning Trade ($): $53.13

Average Winning Trade (%): 0.52%

Max Number Consecutive Wins: 4

Largest Losing Trade ($): -$75.00 (-0.72%)

Largest Losing Trade (%): -0.72% (-$75.00)

Average Losing Trade ($): -$28.85

Average Losing Trade (%): -0.28%

Max Number Consecutive Losses: 4

Average Trade ($): $16.38

Average Trade (%): 0.16%

Trade Standard Deviation ($): $49.82

Trade Standard Deviation (%): 0.49%

Win/Loss Ratio ($/$): 1.8417

Win/Loss Ratio (%/%): 1.8551

Return/Drawdown Ratio: 4.0799

Modified Sharpe Ratio: 0.3293

<o> </o>

DRAWDOWNS....................................................................................

Number of Closed Trade Drawdowns: 6

Average Drawdown ($): -$58.50

Average Drawdown (%): 0.57%

Average Number of Trades in Drawdowns: 3

Worst Case Drawdown ($): -$121.00 (1.16%)

Trade Number at Trough: 17

Number of Trades in Drawdown: 7

Worst Case Drawdown (%): 1.16% (-$121.00)

Trade Number at Trough: 17

Number of Trades in Drawdown: 7
  • #38
  • Oct 21, 2006 11:01am Oct 21, 2006 11:01am
Here are my notes on last week's individual trades, showing how the original Fozzy entry did in comparison to the Alternate Fozzy method.

Orders to enter on Sunday, October 16:

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o> </o>

USD/CAD Long:<o></o>

100% Limit Order: 1.1385<o></o>

S/L: 1.1320 <o></o>

TP: 1.1450<o></o>

-20 PIPS <o></o>

<o> </o>

Would have been +15 PIPS better using bar open traditional Fozzy entry over the alternate entry of open at previous bar high<o></o>

<o> </o>

<o> </o>

50% Limit Order: 1.1385<o></o>

S/L: 1.1353<o></o>

TP: 1.1417<o></o>

-32 PIPS <o></o>

<o> </o>

Would have been +15 PIPS better using bar open traditional Fozzy entry over the alternate entry of bar high<o></o>


<o> </o>

EUR/GBP Short<o></o>

100% Limit Order: .6732 <o></o>

S/L: .6756 <o></o>

TP: .6708<o></o>

Even <o></o>

<o> </o>

Would have been +21 with trailing bar stop, or +23 had I not moved the stop loss to break even when 50% trade took profit.)<o></o>

<o> </o>

Would have been +6 pips better if trade opened at bar open (traditional Fozzy method) rather than previous bar high.<o></o>

<o> </o>

50% Limit Order: .6732 <o></o>

S/L: .6744<o></o>

TP: .6720<o></o>

+12 Pips<o></o>

<o> </o>

Would have been +6 pips better if trade opened at bar open (traditional Fozzy method) rather than previous bar high.<o></o>

<o> </o>

<o> </o>


<o> </o>

NZD/USD Short<o></o>

100% Limit Order: .6554 <o></o>

S/L: .6615<o></o>

TP: .6493<o></o>

-45 Pips (no follow through on the market, simply a losing trade)<o></o>

<o> </o>

Would have been +16 PIPS if using traditional Fozzy entry at bar open<o></o>

<o> </o>

50% Limit Order: .6554 <o></o>

S/L: .6584<o></o>

TP: .6524<o></o>

-30 Pips<o></o>

<o> </o>

Would have been + 16 PIPS if using traditional Fozzy entry at bar open<o></o>

<o> </o>


<o> </o>

GBP/JPY Long

100% Limit Order: 222.37

S/L: 221.61

TP: 223.13

<o> </o>

Would have been -34 PIPS if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 222.37

S/L: 221.99

TP: 222.75

<o> </o>

Order Expired

<o> </o>

Would have been -34 PIPS using traditional Fozzy entry at bar open<o></o>

Trades for 10.17.2006

<o> </o>

GBP/USD Long<o></o>

100% Limit Order: 1.8646 <o></o>

S/L: 1.8521 <o></o>

TP: 1.8771<o></o>

+125 PIPS <o></o>

<o> </o>

Would still be in this trade at +188 pips if using the trailing bar stop method<o></o>

<o> </o>

Would be +33 PIPS if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 1.8646 <o></o>

S/L: 1.8584<o></o>

TP: 1.8708<o></o>

+22 PIPS<o></o>

<o> </o>

Would be + 33 PIPS if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

USD/CHF Short <o></o>

100% Limit Order: 1.2692 <o></o>

S/L: 1.2752 <o></o>

TP: 1.2632<o></o>

Even<o></o>

<o> </o>

Would have been + 15 PIPS using traditional Fozzy entry<o></o>

<o> </o>

Would have been – 18 PIPS using trailing bar stop<o></o>

<o> </o>

50% Limit Order: 1.2692 <o></o>

S/L: 1.2722<o></o>

TP: 1.2662<o></o>

+30 Pips<o></o>

<o> </o>

Would have been + 15 PIPS using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

EUR/USD Long<o></o>

100% Limit Order: 1.2536<o></o>

S/L: 1.2489<o></o>

TP: 1.2583<o></o>

Even<o></o>

<o> </o>

Would have been +9 PIPS using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 1.2536 <o></o>

S/L: 1.2512<o></o>

TP: 1.2560<o></o>

-24 PIPS<o></o>

<o> </o>

Would have been + 9 PIPS using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

USD/JPY Short<o></o>

100% Limit Order: 119.00<o></o>

S/L: 119.78<o></o>

TP: 118.22<o></o>

Even<o></o>

<o> </o>

Would have been + 2 PIPS using traditional Fozzy entry<o></o>

<o> </o>

Would have been – 10 PIPS using trailing bar stop<o></o>

<o> </o>

50% Limit Order: 119.00 <o></o>

S/L: 119.39<o></o>

TP: 118.62<o></o>

+ 38 PIPS<o></o>

<o> </o>

Would have been + 2 PIPS using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

NZD/USD Long<o></o>

100% Limit Order: .6598<o></o>

S/L: .6545<o></o>

TP: .6651<o></o>

+53 PIPS<o></o>

<o> </o>

Would still be in this trade at +83 PIPS if using trailing bar stop<o></o>

<o> </o>

Would have been +4 PIPS using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: .6598 <o></o>

S/L: .6571<o></o>

TP: .6625<o></o>

+27 PIPS<o></o>

<o> </o>

Would have been +4 PIPS using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

EUR/CAD Long<o></o>

100% Limit Order: 1.4258 <o></o>

S/L: 1.4201<o></o>

TP: 1.4315<o></o>

+57 PIPS<o></o>

<o> </o>

Would have been + 9 PIPS if using traditional Fozzy entry<o></o>

<o> </o>

Would have been -35 PIPS if using trailing bar stop<o></o>

<o> </o>

50% Limit Order: 1.4258 <o></o>

S/L: 1.4229<o></o>

TP: 1.4287<o></o>

-29 PIPS<o></o>

<o> </o>

Would have been + 9 PIPS if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

GBP/JPY Short<o></o>

100% Limit Order: 221.38<o></o>

S/L: 222.18<o></o>

TP: 220.58<o></o>

-80 PIPS<o></o>

<o> </o>

Would have been + 20 PIPS if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 221.38 <o></o>

S/L: 221.78<o></o>

TP: 220.98<o></o>

-40 PIPS<o></o>

<o> </o>

Would have been + 20 PIPS if using traditional Fozzy entry. This currency pair (GBP/JPY) seems to be an awfully choppy pair, initiating opposing signals nearly every day for weeks. <o></o>

Trades for 10.18.2006

<o> </o>

EUR/CHF Short

100% Limit Order: 1.5880

S/L: 1.5926

TP: 1.5834

<o> </o>

Would have been -21 if traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 1.5880

S/L: 1.5903

TP: 1.5857

<o> </o>

Would have been -21 if traditional Fozzy entry<o></o>

<o> </o>

Order Not Filled

<o> </o>


<o> </o>

GBP/JPY Long<o></o>

100% Limit Order: 222.57 <o></o>

S/L: 221.21 <o></o>

TP: 223.93<o></o>

+36 PIPS<o></o>

<o> </o>

Would have been +44 if traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 222.57 <o></o>

S/L: 221.89<o></o>

TP: 223.25<o></o>

-68 PIPS<o></o>

<o> </o>

Would have been + 44 if traditional Fozzy entry<o></o>

<o> </o>

Would have been -108 if using trailing bar stop exit <o></o>

Trades for 10.19.2006

<o> </o>

USD/CAD Short<o></o>

100% Limit Order: 1.1354 <o></o>

S/L: 1.1412<o></o>

TP: 1.1296<o></o>

+58 PIPS<o></o>

<o> </o>

Would have been +6 if using traditional Fozzy entry<o></o>

<o> </o>

Would still be in this trade at +113 PIPS if using trailing bar exit close<o></o>

<o> </o>

50% Limit Order: 1.1354 <o></o>

S/L: 1.1384<o></o>

TP: 1.1325<o></o>

+29 PIPS<o></o>

<o> </o>

Would have been +6 if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

EUR/CAD Short<o></o>

100% Limit Order: 1.4216 <o></o>

S/L: 1.4320 <o></o>

TP: 1.4112<o></o>

<o> </o>

Would be +23 if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 1.4216 <o></o>

S/L: 1.4268<o></o>

TP: 1.4164<o></o>

<o> </o>

Order did not trigger<o></o>

<o> </o>

Would be + 23 if using traditional Fozzy entry<o></o>

<o> </o>

<o> </o>

Trades for 10.20.2006

<o> </o>

GBP/CHF Short <o></o>

100% Limit Order: 2.3587 <o></o>

S/L: 2.3739<o></o>

TP: 2.3435<o></o>

Trade still open<o></o>

<o> </o>

Would be + 26 if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 2.3587 <o></o>

S/L: 2.3662<o></o>

TP: 2.3512<o></o>

-75 PIPS<o></o>

<o> </o>

Would be + 26 if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

GBP/JPY Short<o></o>

100% Limit Order: 221.34 <o></o>

S/L: 222.29<o></o>

TP: 220.39<o></o>

<o> </o>

Would be -48 PIPS if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 221.34<o></o>

S/L: 221.81<o></o>

TP: 220.87<o></o>

<o> </o>

Would be -48 PIPS if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

CHF/JPY Long<o></o>

100% Limit Order: 94.06<o></o>

S/L: 93.50<o></o>

TP: 94.62<o></o>

<o> </o>

Trade still open<o></o>

<o> </o>

Would be + 14 PIPS if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 94.06 <o></o>

S/L: 93.81<o></o>

TP: 94.33<o></o>

+ 27 PIPS<o></o>

Would be + 14 if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

AUD/JPY Short

100% Limit Order: 89.49

S/L: 89.88

TP: 89.10

<o> </o>

Would be -20 if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 89.49

S/L: 89.69

TP: 89.29

<o> </o>

Would be -20 if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

CAD/JPY Long<o></o>

100% Limit Order: 104.86 <o></o>

S/L: 104.17 <o></o>

TP: 105.56<o></o>

+70 PIPS<o></o>

<o> </o>

Would be + 6 if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 104.86 <o></o>

S/L: 104.51<o></o>

TP: 105.21<o></o>

+ 35 PIPS<o></o>

<o> </o>

Would be + 6 if using traditional Fozzy entry<o></o>

<o> </o>


<o> </o>

AUD/NZD Short<o></o>

100% Limit Order: 1.1332 <o></o>

S/L: 1.1407<o></o>

TP: 1.1257<o></o>

<o> </o>

Would have been + 16 if using traditional Fozzy entry<o></o>

<o> </o>

50% Limit Order: 1.1332 <o></o>

S/L: 1.1369<o></o>

TP: 1.1295<o></o>

<o> </o>

Would have been + 16 if using traditional Fozzy entry<o></o>

<o> </o>

<o> </o>

TOTAL 176 PIPS<o></o>

Fozzy Traditional +282<o></o>

Total: 458<o></o>

Would be +152 without GBP/JPY trades<o></o>
  • #39
  • Nov 24, 2006 2:16am Nov 24, 2006 2:16am
mike what are you using for s/l and t/p ? how have you worked them out?

thks.
and are you taking any cross or the pure fozzy cross which is above or below bollinger?


Quoting mikejody
Here are my notes on last week's individual trades, showing how the original Fozzy entry did in comparison to the Alternate Fozzy method.

Orders to enter on Sunday, October 16:

<o></o>

USD/CAD Long:<o></o>

100% Limit Order: 1.1385<o></o>

S/L: 1.1320 <o></o>

TP: 1.1450<o></o>

-20 PIPS <o></o>

<o></o>

Would have been +15 PIPS better using bar open traditional Fozzy entry over the alternate entry of open at previous bar high<o></o>

<o></o>

<o></o>

50% Limit Order: 1.1385<o></o>

S/L: 1.1353<o></o>

TP: 1.1417<o></o>

-32 PIPS <o></o>

<o></o>

Would have been +15 PIPS better using bar open traditional Fozzy entry over the alternate entry of bar high<o></o>


<o></o>

EUR/GBP Short<o></o>

100% Limit Order: .6732 <o></o>

S/L: .6756 <o></o>

TP: .6708<o></o>

Even <o></o>

<o></o>

Would have been +21 with trailing bar stop, or +23 had I not moved the stop loss to break even when 50% trade took profit.)<o></o>

<o></o>

Would have been +6 pips better if trade opened at bar open (traditional Fozzy method) rather than previous bar high.<o></o>

<o></o>

50% Limit Order: .6732 <o></o>

S/L: .6744<o></o>

TP: .6720<o></o>

+12 Pips<o></o>

<o></o>

Would have been +6 pips better if trade opened at bar open (traditional Fozzy method) rather than previous bar high.<o></o>

<o></o>

<o></o>


<o></o>

NZD/USD Short<o></o>

100% Limit Order: .6554 <o></o>

S/L: .6615<o></o>

TP: .6493<o></o>

-45 Pips (no follow through on the market, simply a losing trade)<o></o>

<o></o>

Would have been +16 PIPS if using traditional Fozzy entry at bar open<o></o>

<o></o>

50% Limit Order: .6554 <o></o>

S/L: .6584<o></o>

TP: .6524<o></o>

-30 Pips<o></o>

<o></o>

Would have been + 16 PIPS if using traditional Fozzy entry at bar open<o></o>

<o></o>


<o></o>

GBP/JPY Long

100% Limit Order: 222.37

S/L: 221.61

TP: 223.13

<o></o>

Would have been -34 PIPS if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 222.37

S/L: 221.99

TP: 222.75

<o></o>

Order Expired

<o></o>

Would have been -34 PIPS using traditional Fozzy entry at bar open<o></o>

Trades for 10.17.2006

<o></o>

GBP/USD Long<o></o>

100% Limit Order: 1.8646 <o></o>

S/L: 1.8521 <o></o>

TP: 1.8771<o></o>

+125 PIPS <o></o>

<o></o>

Would still be in this trade at +188 pips if using the trailing bar stop method<o></o>

<o></o>

Would be +33 PIPS if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 1.8646 <o></o>

S/L: 1.8584<o></o>

TP: 1.8708<o></o>

+22 PIPS<o></o>

<o></o>

Would be + 33 PIPS if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

USD/CHF Short <o></o>

100% Limit Order: 1.2692 <o></o>

S/L: 1.2752 <o></o>

TP: 1.2632<o></o>

Even<o></o>

<o></o>

Would have been + 15 PIPS using traditional Fozzy entry<o></o>

<o></o>

Would have been – 18 PIPS using trailing bar stop<o></o>

<o></o>

50% Limit Order: 1.2692 <o></o>

S/L: 1.2722<o></o>

TP: 1.2662<o></o>

+30 Pips<o></o>

<o></o>

Would have been + 15 PIPS using traditional Fozzy entry<o></o>

<o></o>


<o></o>

EUR/USD Long<o></o>

100% Limit Order: 1.2536<o></o>

S/L: 1.2489<o></o>

TP: 1.2583<o></o>

Even<o></o>

<o></o>

Would have been +9 PIPS using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 1.2536 <o></o>

S/L: 1.2512<o></o>

TP: 1.2560<o></o>

-24 PIPS<o></o>

<o></o>

Would have been + 9 PIPS using traditional Fozzy entry<o></o>

<o></o>


<o></o>

USD/JPY Short<o></o>

100% Limit Order: 119.00<o></o>

S/L: 119.78<o></o>

TP: 118.22<o></o>

Even<o></o>

<o></o>

Would have been + 2 PIPS using traditional Fozzy entry<o></o>

<o></o>

Would have been – 10 PIPS using trailing bar stop<o></o>

<o></o>

50% Limit Order: 119.00 <o></o>

S/L: 119.39<o></o>

TP: 118.62<o></o>

+ 38 PIPS<o></o>

<o></o>

Would have been + 2 PIPS using traditional Fozzy entry<o></o>

<o></o>


<o></o>

NZD/USD Long<o></o>

100% Limit Order: .6598<o></o>

S/L: .6545<o></o>

TP: .6651<o></o>

+53 PIPS<o></o>

<o></o>

Would still be in this trade at +83 PIPS if using trailing bar stop<o></o>

<o></o>

Would have been +4 PIPS using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: .6598 <o></o>

S/L: .6571<o></o>

TP: .6625<o></o>

+27 PIPS<o></o>

<o></o>

Would have been +4 PIPS using traditional Fozzy entry<o></o>

<o></o>


<o></o>

EUR/CAD Long<o></o>

100% Limit Order: 1.4258 <o></o>

S/L: 1.4201<o></o>

TP: 1.4315<o></o>

+57 PIPS<o></o>

<o></o>

Would have been + 9 PIPS if using traditional Fozzy entry<o></o>

<o></o>

Would have been -35 PIPS if using trailing bar stop<o></o>

<o></o>

50% Limit Order: 1.4258 <o></o>

S/L: 1.4229<o></o>

TP: 1.4287<o></o>

-29 PIPS<o></o>

<o></o>

Would have been + 9 PIPS if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

GBP/JPY Short<o></o>

100% Limit Order: 221.38<o></o>

S/L: 222.18<o></o>

TP: 220.58<o></o>

-80 PIPS<o></o>

<o></o>

Would have been + 20 PIPS if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 221.38 <o></o>

S/L: 221.78<o></o>

TP: 220.98<o></o>

-40 PIPS<o></o>

<o></o>

Would have been + 20 PIPS if using traditional Fozzy entry. This currency pair (GBP/JPY) seems to be an awfully choppy pair, initiating opposing signals nearly every day for weeks. <o></o>

Trades for 10.18.2006

<o></o>

EUR/CHF Short

100% Limit Order: 1.5880

S/L: 1.5926

TP: 1.5834

<o></o>

Would have been -21 if traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 1.5880

S/L: 1.5903

TP: 1.5857

<o></o>

Would have been -21 if traditional Fozzy entry<o></o>

<o></o>

Order Not Filled

<o></o>


<o></o>

GBP/JPY Long<o></o>

100% Limit Order: 222.57 <o></o>

S/L: 221.21 <o></o>

TP: 223.93<o></o>

+36 PIPS<o></o>

<o></o>

Would have been +44 if traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 222.57 <o></o>

S/L: 221.89<o></o>

TP: 223.25<o></o>

-68 PIPS<o></o>

<o></o>

Would have been + 44 if traditional Fozzy entry<o></o>

<o></o>

Would have been -108 if using trailing bar stop exit <o></o>

Trades for 10.19.2006

<o></o>

USD/CAD Short<o></o>

100% Limit Order: 1.1354 <o></o>

S/L: 1.1412<o></o>

TP: 1.1296<o></o>

+58 PIPS<o></o>

<o></o>

Would have been +6 if using traditional Fozzy entry<o></o>

<o></o>

Would still be in this trade at +113 PIPS if using trailing bar exit close<o></o>

<o></o>

50% Limit Order: 1.1354 <o></o>

S/L: 1.1384<o></o>

TP: 1.1325<o></o>

+29 PIPS<o></o>

<o></o>

Would have been +6 if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

EUR/CAD Short<o></o>

100% Limit Order: 1.4216 <o></o>

S/L: 1.4320 <o></o>

TP: 1.4112<o></o>

<o></o>

Would be +23 if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 1.4216 <o></o>

S/L: 1.4268<o></o>

TP: 1.4164<o></o>

<o></o>

Order did not trigger<o></o>

<o></o>

Would be + 23 if using traditional Fozzy entry<o></o>

<o></o>

<o></o>

Trades for 10.20.2006

<o></o>

GBP/CHF Short <o></o>

100% Limit Order: 2.3587 <o></o>

S/L: 2.3739<o></o>

TP: 2.3435<o></o>

Trade still open<o></o>

<o></o>

Would be + 26 if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 2.3587 <o></o>

S/L: 2.3662<o></o>

TP: 2.3512<o></o>

-75 PIPS<o></o>

<o></o>

Would be + 26 if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

GBP/JPY Short<o></o>

100% Limit Order: 221.34 <o></o>

S/L: 222.29<o></o>

TP: 220.39<o></o>

<o></o>

Would be -48 PIPS if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 221.34<o></o>

S/L: 221.81<o></o>

TP: 220.87<o></o>

<o></o>

Would be -48 PIPS if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

CHF/JPY Long<o></o>

100% Limit Order: 94.06<o></o>

S/L: 93.50<o></o>

TP: 94.62<o></o>

<o></o>

Trade still open<o></o>

<o></o>

Would be + 14 PIPS if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 94.06 <o></o>

S/L: 93.81<o></o>

TP: 94.33<o></o>

+ 27 PIPS<o></o>

Would be + 14 if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

AUD/JPY Short

100% Limit Order: 89.49

S/L: 89.88

TP: 89.10

<o></o>

Would be -20 if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 89.49

S/L: 89.69

TP: 89.29

<o></o>

Would be -20 if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

CAD/JPY Long<o></o>

100% Limit Order: 104.86 <o></o>

S/L: 104.17 <o></o>

TP: 105.56<o></o>

+70 PIPS<o></o>

<o></o>

Would be + 6 if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 104.86 <o></o>

S/L: 104.51<o></o>

TP: 105.21<o></o>

+ 35 PIPS<o></o>

<o></o>

Would be + 6 if using traditional Fozzy entry<o></o>

<o></o>


<o></o>

AUD/NZD Short<o></o>

100% Limit Order: 1.1332 <o></o>

S/L: 1.1407<o></o>

TP: 1.1257<o></o>

<o></o>

Would have been + 16 if using traditional Fozzy entry<o></o>

<o></o>

50% Limit Order: 1.1332 <o></o>

S/L: 1.1369<o></o>

TP: 1.1295<o></o>

<o></o>

Would have been + 16 if using traditional Fozzy entry<o></o>

<o></o>

<o></o>

TOTAL 176 PIPS<o></o>

Fozzy Traditional +282<o></o>

Total: 458<o></o>

Would be +152 without GBP/JPY trades<o></o>


  • #40
  • Feb 28, 2007 12:00pm Feb 28, 2007 12:00pm
Did you keep record of the total difference between the two methods in pips?
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