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The Daily Fozzy Method

  • #2,141
  • May 23, 2007 12:24pm May 23, 2007 12:24pm
Quoting TPO
Hi Josh, I meant more that by working on our trading each night instead of watching TV (the idiot box I was referring to), we are making our way towards 'living the life' far more than the vast majority of people who make no effort to improve their lives.

As you say, we're not *quite* enjoying the life of luxury just yet...but soon...

-TPO.
Got ya TPO! It's gonna be nice.....
  • #2,142
  • May 23, 2007 1:38pm May 23, 2007 1:38pm
Quoting aktaurus
Could you also post bbSqueeze cos I haven't found it's mq4-file on the forum?
Google mt4 bbsqueeze -- doesn't get any easier.
  • #2,143
  • May 23, 2007 2:12pm May 23, 2007 2:12pm
Quoting aktaurus
Agree))
Next day up-signal was:
- not in down BB
- not beyond 50% of RSI
- not beyond 30% of RSI
How could we take it?
Simple.............I don't use any of these indicators/filters to make my trade decisions...........
  • #2,144
  • May 23, 2007 2:14pm May 23, 2007 2:14pm
Quoting Bytebodger
Now that I've said this, I will tell you that there IS one superior filter that keeps out 95% of the losing trades and allows 95% of the winning trades. Unfortunately, the code for this filter was stolen by a magical leprachaun, who in turn sold it to Santa Claus. Santa and the Easter Bunny trade with this filter - this is how they pay for all those holiday gifts. Their forex broker is Chuck Norris.
WOW.......................I don't what you're 'smokin', but I want some!
  • #2,145
  • May 23, 2007 2:18pm May 23, 2007 2:18pm
Quoting JoshDance
Google mt4 bbsqueeze -- doesn't get any easier.
You're right! Just wan't to sleep Sorry for flood - I deleted my msg cos did it earlier then anyone answered
  • #2,146
  • May 23, 2007 2:19pm May 23, 2007 2:19pm
Quoting BeachBum
Simple.............I don't use any of these indicators/filters to make my trade decisions...........
My hat is off to you! Trying to reach your master level!
  • #2,147
  • May 23, 2007 2:49pm May 23, 2007 2:49pm
Quoting BeachBum
If there was a "SUPER FILTER" to eliminate losing trades.............I'd know about it and use it!
In all seriousness, there has been talk in this thread on multiple occasions on the relative merits of applying NO filters - blindly trading ALL RSI crosses. Although I remember several people considering this strategy, I don't remember anyone actually posting any results (backtesting, forward testing, or live trading) that would qualify this strategy. Has anyone pursued this idea any further???

If this has already been posted, then please allow the public flogging to commence. But I don't honestly remember anyone showing any concrete data on this.

I haven't personally tested it because I think I know what the result would be: You would obviously make more trades. In the long run, you would make more pips. But the increase in pips would be offset by a much higher drawdown.
  • #2,148
  • May 23, 2007 3:04pm May 23, 2007 3:04pm
bbsqueeze... reminds me of books i used to read which had brown covers



Quoting JoshDance
Google mt4 bbsqueeze -- doesn't get any easier.
  • #2,149
  • May 23, 2007 4:06pm May 23, 2007 4:06pm
So, you just simply trade the cross, period the end? I saw someplace in the myriad of posts that the tunnel comes into play at times - still considering it?

Quoting BeachBum
Simple.............I don't use any of these indicators/filters to make my trade decisions...........
I'm pretty much done with all this ...
  • #2,150
  • May 23, 2007 4:10pm May 23, 2007 4:10pm
Ahhhhh my good friend Bb...............go back to the very early days of the original Fozzy thread and take a look at my posted trade results. NO FILTERS! Like a gunslinger!

Quoting Bytebodger
In all seriousness, there has been talk in this thread on multiple occasions on the relative merits of applying NO filters - blindly trading ALL RSI crosses. Although I remember several people considering this strategy, I don't remember anyone actually posting any results (backtesting, forward testing, or live trading) that would qualify this strategy. Has anyone pursued this idea any further???

If this has already been posted, then please allow the public flogging to commence. But I don't honestly remember anyone showing any concrete data on this.

I haven't personally tested it because I think I know what the result would be: You would obviously make more trades. In the long run, you would make more pips. But the increase in pips would be offset by a much higher drawdown.
  • #2,151
  • May 23, 2007 4:14pm May 23, 2007 4:14pm
"The Tunnel" can provide a 'sense' of how the trade might develop, nothing more. A few posts back, shatteredgently made an excellent observation about Fozzy chart observations and getting to 'know' a pair; wise words!

Quoting StoragePro
So, you just simply trade the cross, period the end? I saw someplace in the myriad of posts that the tunnel comes into play at times - still considering it?
  • #2,152
  • May 23, 2007 4:24pm May 23, 2007 4:24pm
Quoting BeachBum
Ahhhhh my good friend Bb...............go back to the very early days of the original Fozzy thread and take a look at my posted trade results. NO FILTERS! Like a gunslinger!
Ah ha! I hadn't forgotten that your posted results were sans filters. Well then, there you have it! Thanks.
  • #2,153
  • May 23, 2007 4:53pm May 23, 2007 4:53pm
Hi, can someone point me to the page with the current working EA of this system if there is one for me to forward test.
Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,154
  • May 23, 2007 5:19pm May 23, 2007 5:19pm
Might I suggest a search of this sub-forum in response to your request?

Quoting matrixebiz
Hi, can someone point me to the page with the current working EA of this system if there is one for me to forward test.
Thank you
  • #2,155
  • May 23, 2007 5:46pm May 23, 2007 5:46pm
Quoting BeachBum
Might I suggest a search of this sub-forum in response to your request?
I clicked search this thread and I can't seem to find it
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,156
  • May 23, 2007 5:47pm May 23, 2007 5:47pm
Heh. Ever since the internet, books became quaint!

Quoting coolshades
bbsqueeze... reminds me of books i used to read which had brown covers
I'm pretty much done with all this ...
  • #2,157
  • May 23, 2007 5:54pm May 23, 2007 5:54pm
Try searching this "sub-forum", not the thread. You found your way to this thread, surely you can find an EA. Being able to navigate your way around FF is an essential skill.

Quoting matrixebiz
I clicked search this thread and I can't seem to find it
  • #2,158
  • May 23, 2007 8:29pm May 23, 2007 8:29pm
Quoting BeachBum
Try searching this "sub-forum", not the thread. You found your way to this thread, surely you can find an EA. Being able to navigate your way around FF is an essential skill.
Found it, Doh! is 2.2 the latest?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,159
  • May 23, 2007 8:56pm May 23, 2007 8:56pm
I did a little bit of looking back From Feb 1 to Current on the USD. I was mostly interested in seeing if the bbsqueeze *really* helps. On this pair and very limited look, it kept me out of one trade that went well, and a few that went bad. So, nothing conclusive, except more work to do.

Ultimately, I probably should not get too wound up in filters. (Sayeth the Bum, and he is obviuosly much better at this than me)

I also allow good Price Action to override the bbsqueeze, as I have found that to be much better indication (Well duh - price is it, isn't it?)

Over this period, I took 7 trades, and went 6 - 1 for 445 pips.

I just don't get Vegas, seems a bit of hocus-pocus to me, so I use an ATR stop. If a trend shows itself, it appears smart to adjust your stop to the low of the previous bar to keep you in. A few trades got whacked early because of the ATR stop. A one bar back stop would have been better once a trend got rolling. (How to figure on this.... good question.)
I'm pretty much done with all this ...
  • #2,160
  • May 23, 2007 10:11pm May 23, 2007 10:11pm
Quoting StoragePro
Ultimately, I probably should not get too wound up in filters. (Sayeth the Bum, WHO????........... ............and he is obviuosly much better at this than me)
..
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