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The Daily Fozzy Method

  • #721
  • Nov 2, 2006 9:05pm Nov 2, 2006 9:05pm
OH MY GOD! I am glad that I am not a programmer.
All 4 1 and 1 4 All
  • #722
  • Nov 2, 2006 9:13pm Nov 2, 2006 9:13pm
Can you post the indicator list as described earlier for us? This code means nothing to me.

[quote=pharmadap]Hello,does something like this makes any sense to you guys.kindly let me know..





  • #723
  • Nov 2, 2006 9:23pm Nov 2, 2006 9:23pm
[quote=BeachBum]Can you post the indicator list as described earlier for us? This code means nothing to me.

Quoting pharmadap
Hello,does something like this makes any sense to you guys.kindly let me know..




I have just saved the template and zipped it so that it could be uploaded and easy for download.Pls check and let me know if there is any problem again and you could as well tell me what next to do incase it doesnt go through.Did u get my PM?
Attached File(s)
File Type: zip working_pharmadap.zip   1 KB | 550 downloads
  • #724
  • Nov 2, 2006 9:24pm Nov 2, 2006 9:24pm
I loaded the indicator you posted into the proper area of MT4. When I clicked it for loading onto the chart it didn't load. I've noticed that I have several EAs I've clicked that do the same. The ones I have that do run would always pop up a window when I clicked on it to load. This has always confused me with MT4. What EAs or indicators will load and what will not. I put it into the "Indicators" file like I've done others that do work. Lovely charting program when it works for me. I sure do hope to get an hourly alert chart up and running for the Fozzy. Thanks for the work you did on the alert, I'm just not sure how to get it working. BTW, I compiled it from the editor also.
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #725
  • Nov 2, 2006 9:37pm Nov 2, 2006 9:37pm
OK...............well done pharmadap!

I have your template on a chart. The only indicator is 'SHI_SilverTrendSig'. This is a common indicator. How are you using this with the fozzy method?


[quote=pharmadap]
Quoting BeachBum
Can you post the indicator list as described earlier for us? This code means nothing to me.

I have just saved the template and zipped it so that it could be uploaded and easy for download.Pls check and let me know if there is any problem again and you could as well tell me what next to do incase it doesnt go through.Did u get my PM?
  • #726
  • Nov 2, 2006 9:45pm Nov 2, 2006 9:45pm
Quoting pharmadap
Hello,
I am sorry as i dont kno much about the mq4 files and the template.I think i told you how i got to know about this indicator.Now,i have it in my MT4 here but to successfully put the file out if the problem.Did you use the second file i posted or the first??
Good,can u see the blue and red dots?If so go back to the to my first post today to check how i apply it to trades.I still want to ask if u got my PM and if so reply.
  • #727
  • Nov 2, 2006 9:47pm Nov 2, 2006 9:47pm
pharmadap

The latest zipped template loads up OK but still only gives a blank screen containing the price bars only. For your template to work on my machine it needs to access the same MQ4 files that you have in your indicator folder (the template is ony an instruction for the platform to load certain files which you already have sitting in your indicator folder). If you can just send a screen shot of the list of files you have in your indicator folder then we can work it out from there.

Thanks

Dave W
Attached Image
  • #728
  • Nov 2, 2006 9:49pm Nov 2, 2006 9:49pm
dave..............he only has one indicator in his template, it's the 'SHI_SilverTrendSig'. Very common. If you don't have it, go to the MT website and download it. Then go back to his post from this AM and read how he uses it.



Quoting DaveW
pharmadap

The latest zipped template loads up OK but still only gives a blank screen containing the price bars only. For your template to work on my machine it needs to access the same MQ4 files that you have in your indicator folder (the template is ony an instruction for the platform to load certain files which you already have sitting in your indicator folder). If you can just send a screen shot of the list of files you have in your indicator folder then we can work it out from there.

Thanks

Dave W
  • #729
  • Nov 2, 2006 9:51pm Nov 2, 2006 9:51pm
I have the dots because I have the indicator. Thank you very much for posting this. Please let us know how your backtest works out. I did get your PM, thanks. I'll be in touch, I'm done for today.



Quoting pharmadap
Good,can u see the blue and red dots?If so go back to the to my first post today to check how i apply it to trades.I still want to ask if u got my PM and if so reply.
  • #730
  • Nov 2, 2006 9:52pm Nov 2, 2006 9:52pm
Quoting pharmadap
Good,can u see the blue and red dots?If so go back to the to my first post today to check how i apply it to trades.I still want to ask if u got my PM and if so reply.
ok i loaded the template and noticed that this is similar to the tlatomi method. the indicator that plots the red and blue dots is the silver trend and then the next indicator is the fx sniper.
so how do you get those support and resistance levels to apply to your method as previously described?
  • #731
  • Nov 2, 2006 10:13pm Nov 2, 2006 10:13pm
Quoting gtketum
ok i loaded the template and noticed that this is similar to the tlatomi method. the indicator that plots the red and blue dots is the silver trend and then the next indicator is the fx sniper.
so how do you get those support and resistance levels to apply to your method as previously described?
You are right that it is similar to tlatomi method but it is totally opposite tlatomi.Here,u sell when the blue dot appears and buy when the red comes.I get the pivot analysis from fxcm cos it is my former broker.I think before u can get this info,u will have to register or open an account with them.Just with the dots and fx sniper cci crosses,you can definitely place profitable trades but u will have to use a large stop loss.The pivot data is only giving me the edge of selling rallies and buying dips.Hope you get this.You can as well do some back testing and forward testing to make a confirmatory test and your suggestion or recommendation will be welcome.
  • #732
  • Nov 3, 2006 3:43am Nov 3, 2006 3:43am
The camarilla pivot is not an EA but a script. You put it in the scripts folder and then double click it when you are in a chart. It only runs on the chart you are observing. For example it will run alongside an EA to execute activities when you want them to. You could build one for closing ALL orders for example.

The other thing if you experience prolems after adding EA's to your directory either close MT4 and restart or modify and recompile making sure you make a small change e.g. some spaces in the header so that the * comes up by the name.

What is happening is that you are adding/changing the source code but not regenerating the executable.

Hope that helps.

PS I can make the Camarilla show on all bars if thats what anyone wants.


Quoting Gee Seven
I loaded the indicator you posted into the proper area of MT4. When I clicked it for loading onto the chart it didn't load. I've noticed that I have several EAs I've clicked that do the same. The ones I have that do run would always pop up a window when I clicked on it to load. This has always confused me with MT4. What EAs or indicators will load and what will not. I put it into the "Indicators" file like I've done others that do work. Lovely charting program when it works for me. I sure do hope to get an hourly alert chart up and running for the Fozzy. Thanks for the work you did on the alert, I'm just not sure how to get it working. BTW, I compiled it from the editor also.
  • #733
  • Nov 3, 2006 3:45am Nov 3, 2006 3:45am
I did some testing of something called Silversomeing last year that produced dots. I found that the dots, the old ones not current bar, actually moved as the prices changed over following bars. Some indicators don't calculate correctly and there was a big debate on this on another forum I used to communicate with. (On Yahoo). Its somethingto do with using forward data and applying it retrospectively. Didn't really get into that to much.



Quoting BeachBum
dave..............he only has one indicator in his template, it's the 'SHI_SilverTrendSig'. Very common. If you don't have it, go to the MT website and download it. Then go back to his post from this AM and read how he uses it.
  • #734
  • Nov 3, 2006 3:49am Nov 3, 2006 3:49am
Just to saythat I can change the script to show on all bars going back x if it helps anyone.

Quoting DaveW
Regarding the Camarillas, I have noticed that on those days immediately following the Fozzy signal the price will invariably retrace to the H3 or L3 then continue to move in the direction indicated by Fozzy until it hits the opposite H3/L3. Depending on the pairs and the previous day's range the distance between the H3 and L3 varies between 10-15 pips up to 60-70 pips.

Setting a Limit Buy/Sell at the H3/L3 opposite to the direction indicated by Fozzy with a Take Profit at the other H3/L3 would have resulted in a total of 248 pips this week so far taking all the Fozzy signals for a total of 9 trades (3 pairs with the Fozzy signals did not trigger the trades as they never reached the initial Limit stop). I use the ATR as an initial stop loss and cancel the Limit Buy/Sell if it has not triggered by New York opening.

This method is difficult to back test as the Camarillas change each day and do not show on the historic charts.

I was prompted to investigate this method of trading the Fozzy signals by an observation made by someone earlier (I think it was BB) that the majority of Fozzy trades retraced immediately after they are set.

This method might miss the big moves but could provide a nice steady income without having to sweat over when to take profit.

A quick glance at the charts will show that virtually all the pairs bounce from one H/L3 to the other in the course of a days trading. A judicious use of Money management would take into account the occasional loss.

Anyway, for what it is worth I thought I might add to SteveCartwright's contribution.

DaveW
  • #735
  • Nov 3, 2006 8:21am Nov 3, 2006 8:21am
Quoting stevecartwright
Just to saythat I can change the script to show on all bars going back x if it helps anyone.
Steve

That would be very helpful if you could so that. It would allow me to backtest without having to work the formula for every pair every day.

Thanking you in advance

Dave W
  • #736
  • Nov 3, 2006 8:28am Nov 3, 2006 8:28am
Steve...............I believe you are correct about the "moving" dots. If you actually write down the location of these dots on a chart, I think you will find that they move as the price changes until some point in time when they stop moving. I have not researched this, but would enjoy reading an explanation of how this indicator works.



Quoting stevecartwright
I did some testing of something called Silversomeing last year that produced dots. I found that the dots, the old ones not current bar, actually moved as the prices changed over following bars. Some indicators don't calculate correctly and there was a big debate on this on another forum I used to communicate with. (On Yahoo). Its somethingto do with using forward data and applying it retrospectively. Didn't really get into that to much.
  • #737
  • Nov 3, 2006 8:42am Nov 3, 2006 8:42am
[quote=BeachBum]OK...............well done pharmadap!

I have your template on a chart. The only indicator is 'SHI_SilverTrendSig'. This is a common indicator. How are you using this with the fozzy method?


Hi BB

Reading between the lines I reckon pharmadaps method is very similar to trading Fozzy with the Camarillas.

His method - When you have a silvertrend dot indicating a buy then wait for the price to retrace to the nearest support line before entering the BUY trade.

My method - When Fozzy indicates a Buy wait until the price retraces to the L3 line before entering the BUY.

I think both are valid methods and considering he only had 2 losing trades this year it seems to be viable.

I much prefer Fozzy now that I started using it together with the Camarilla s/r lines. This week produced 11 trades and approx 300 pips profit. Today there were 2 trades eur/aud and eur/chf
  • #738
  • Nov 3, 2006 9:10am Nov 3, 2006 9:10am
[quote=DaveW]
Quoting BeachBum
OK...............well done pharmadap!

I have your template on a chart. The only indicator is 'SHI_SilverTrendSig'. This is a common indicator. How are you using this with the fozzy method?




Hi BB

Reading between the lines I reckon pharmadaps method is very similar to trading Fozzy with the Camarillas.

His method - When you have a silvertrend dot indicating a buy then wait for the price to retrace to the nearest support line before entering the BUY trade.

My method - When Fozzy indicates a Buy wait until the price retraces to the L3 line before entering the BUY.

I think both are valid methods and considering he only had 2 losing trades this year it seems to be viable.

I much prefer Fozzy now that I started using it together with the Camarilla s/r lines. This week produced 11 trades and approx 300 pips profit. Today there were 2 trades eur/aud and eur/chf
Hello,
Thanks for the contribution.I i want to ask how you do use Camarillas with fozzy and also that on what time frame do u use both.Do u have an MT expert for that or a kind of template?
  • #739
  • Nov 3, 2006 11:11am Nov 3, 2006 11:11am
Dave,
As requested. It goes back 200 bars. This can be changed by going into the script and changing it. Its obvious where it is. Good luck with it. Any problems let me know.

Also Clear ALL does what it says, clears ALL objects not indicators. You may need it wih all those Camarilla points on the screen.


Quoting DaveW
Steve

That would be very helpful if you could so that. It would allow me to backtest without having to work the formula for every pair every day.

Thanking you in advance

Dave W
Attached File(s)
File Type: mq4 Camarilla Pivot ALL bars.mq4   2 KB | 656 downloads
File Type: mq4 SMC Clear ALL.mq4   < 1 KB | 612 downloads
  • #740
  • Nov 3, 2006 11:14am Nov 3, 2006 11:14am
Quoting stevecartwright
Dave,
As requested. It goes back 200 bars. This can be changed by going into the script and changing it. Its obvious where it is. Good luck with it. Any problems let me know.

Also Clear ALL does what it says, clears ALL objects not indicators. You may need it wih all those Camarilla points on the screen.
Thanks for the files but where do i save them in the expert directory.thanks
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