The Fozzy EA | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: The Fozzy EA
Exit Attachments

The Fozzy EA

  • #81
  • Oct 21, 2006 10:31am Oct 21, 2006 10:31am
Quoting howard
Hi

Over what period of time?
From April 04 to present
  • #82
  • Oct 22, 2006 2:24pm Oct 22, 2006 2:24pm
Here 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.
  • #83
  • Oct 22, 2006 5:42pm Oct 22, 2006 5:42pm
Hi BB,

This is great. A couple of people have suggested we look at using ATR for TP along with SL.

One thing I've noticed, though, is that more trades get taken out with the trailing feature than at the maximum target. I'm not sure how to handle this or whether it would be profitable to just eliminate the trailing feature and go for the max amount. This is where discretionary trading has a bit of advantage over an EA - you can take a lot of other factors into account. Anyway, I think this is a good concept.

Regards,

stockwet

Quoting BeachBum
Here 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.
  • #84
  • Oct 23, 2006 7:31am Oct 23, 2006 7:31am
We'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,

stockwet
  • #85
  • Oct 23, 2006 7:50am Oct 23, 2006 7:50am
Quoting stockwet
We'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,

stockwet

Or 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?
So far so good.
  • #86
  • Oct 23, 2006 7:58am Oct 23, 2006 7:58am
I'm not sure which one it is. But, clearly, there's a problem. I'm hoping that MetaQuotes will let me know what the issue is.

Quoting paul2
Or 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?
  • #87
  • Oct 23, 2006 8:22am Oct 23, 2006 8:22am
Quoting BeachBum
...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.
Thanks 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.)
  • #88
  • Oct 23, 2006 8:38am Oct 23, 2006 8:38am
Actually 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!)



Quoting accrete
Thanks 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.)
  • #89
  • Oct 23, 2006 8:44am Oct 23, 2006 8:44am
Hi 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.


Quoting stockwet
We'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,

stockwet
  • #90
  • Oct 23, 2006 9:14am Oct 23, 2006 9:14am
Yes, but my 383 stroker will smoke both of them. LOL

Chevy Chevy Chevy!


Quoting BeachBum
Actually 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!)
  • #91
  • Oct 23, 2006 9:27am Oct 23, 2006 9:27am
Now 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. Be sure to bring a 'cryin towel', you'll need it!...........................



Quoting smjones
Yes, but my 383 stroker will smoke both of them. LOL

Chevy Chevy Chevy!
  • #92
  • Oct 23, 2006 9:36am Oct 23, 2006 9:36am
Yes, 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.)

Quoting BeachBum
Hi 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.
  • #93
  • Oct 23, 2006 9:46am Oct 23, 2006 9:46am
OK.............since this is a learning process for me, everyday I revert back to fozzy's original description of how he traded and that's when reality takes over. At this time there really is no substitute for making the charts BIG and looking closely at the relationship of the RSI and the MA. Other factors and indicators may assist, but I am really trying to keep this simple and profitable........so far, so good.

If it wasn't for the fact that Scott and I are not close to each other, I would seriously consider your suggestion. Yeah right, sure I would!


Quoting stockwet
Yes, 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.)
  • #94
  • Oct 23, 2006 9:52am Oct 23, 2006 9:52am
Quoting BeachBum
Now 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...
And after your duel i'll meet the winner up at Donner Pass (California Sierra Nevada's) at the entrance to the Rubicon. Winner Takes All.

http://www.accrete.com/fx-posts/misp...biconTrail.jpg

grin.

Thom
  • #95
  • Oct 23, 2006 10:04am Oct 23, 2006 10:04am
Taylor, 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?

BB,
My baby is never going to see a road race again... I should have kept my mouth shut LOL

Thom, Lts go over the the car thread in the Lounge I have question about That Frankentoyota, of yours...

Scott
  • #96
  • Oct 23, 2006 10:13am Oct 23, 2006 10:13am
Quoting smjones
Taylor, 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?
Here's a thread that explains it - http://www.metaquotes.net/forum/2457/.

The gist of it, though, is that the EA is calculating the MA on RSI differently from the indicator. In other words, place an RSI on the chart, and then an MA on the RSI indicator. The indicator window will show you the current MA on RSI value. This value is different from the value calculated by the EA. It's probably why the EA isn't always taking trades when there is visual confirmation of a fozzy signal.

I've done exhaustive searches and am confident that the code is correct. I think MT4 is just incorrect on it's calculations. If you know of other good MT4 programmers, I wouldn't mind collaborating with them on the problem so that they can verify my code. Tradeigel didn't find anything wrong with it so far, either.
  • #97
  • Oct 23, 2006 10:19am Oct 23, 2006 10:19am
Thanks for the explanation. I am going to go read the postings...



Quoting stockwet
Here's a thread that explains it - http://www.metaquotes.net/forum/2457/.

.
  • #98
  • Oct 23, 2006 11:05am Oct 23, 2006 11:05am
OK. I have good and bad news. The good news is that I tried something and it seemed to work. I'm not sure why, yet, but, I've got the EA calculating correctly.

The bad news is that I think I've found a problem with MetaTrader in that indicators are not getting updated correctly. See the attached screen shot (fozzy1). At the top, you can see the calculations generated by the EA.

The first indicator window shows the fozzy indicator that came up when I launched MetaTrader. I had this template already configured. Notice the discrepency in the MA and Bands values, relative to the EA.

The next 2 indicators separate out the main parts of fozzy. I added these indicators after bringing up the template. The 2nd indicator down shows the MA drawn on the RSI. The EA and this indicator's values line up. The 3rd indicator down shows Bollinger Bands on the RSI. The Bands value and the EA's bands value also line up. Finally, the last indicator is a full, newly added fozzy indicator with both the MA on the RSI and Bands on the RSI. This should be identical to the first indicator. But, notice that the first indicator is off.

To prove this discrepency further, I saved this as a new template, closed my chart, opened a new one, and applied the template to the new chart. The second screenshot shows the results (fozzy2). The combined fozzy indicator seems to be fairly unreliable in recalculating values when a chart is re-opened. Anyone else getting similar problems?

stockwet
Attached Images
  • #99
  • Oct 23, 2006 11:32am Oct 23, 2006 11:32am
The first post is now edited with the latest fozzy EA. The calculation problem has been solved.
  • #100
  • Oct 23, 2006 12:45pm Oct 23, 2006 12:45pm
stockwet, I see you fixed the problem. That's good. Congrats on this .
0 traders viewing now