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The 4 Hour Fozzy Method

  • #121
  • May 25, 2007 3:53am May 25, 2007 3:53am
I just finished reading the thread and if i am correct there is a signal to buy EURUSD. the 4hr is about to cross and the daily is heading up. Buy EURUSD @ approximately 1.3435(5 mins until the bar will close)

Just out of curiosity i was stopped out of my GBPUSD trade. The daily is still up and there might be another upward cross on the 4hr soon. If the rsi goes back above the ma should i re-enter long? Or do i wait for the next sell signal?
  • #122
  • May 29, 2007 6:11am May 29, 2007 6:11am
Quoting JokersWild
I've been trading the Fozzy method for many months on various timeframes . I have found that the Daily works best. On the 4 hour I use a Hull moving avg. It will alert you via email and pop-up. Check it out. It works really well.
good luck.
Joker-sfx
I had 'HMA modified' installed and working well, but suddenly it has stopped displaying on the price chart though the alerts pop-up continues to work. Completely deleting it, downloading and installing a fresh copy, closing/restarting MT4, has same problem. Other indicators continue to display normally. No obvious abnormality such as timeframes dialog. Any advice much appreciated, for instance re relevant program lines in editor? D
  • #123
  • May 29, 2007 2:00pm May 29, 2007 2:00pm
Anyone took the recent trades for EU, GU, GY and EY on the short side?
We leave no soldier behind.
  • #124
  • May 29, 2007 2:16pm May 29, 2007 2:16pm
gagiul.............I started this thread to discuss using the 4 hour chart for trading, not to discuss Daily trades or signals......

Quoting gagiul
Anyone took the recent trades for EU, GU, GY and EY on the short side?
  • #125
  • May 29, 2007 6:17pm May 29, 2007 6:17pm
Quoting BeachBum
gagiul.............I started this thread to discuss using the 4 hour chart for trading, not to discuss Daily trades or signals......

....and brilliant it has been, thanks. I have found Fozzy working well on 4hour though I did change the RSI & RSIMA from 8 to 7 - seemed to sharpen it a bit. I have also found that 'HMA modified' with MA set to 21 helped to keep one out of trades that would have gone wrong. Hence my earlier post on this thread re losing HMA display in case JokersWild, who introduced it here, or anyone else had noticed an interaction or conflict between the two indicators.

At the risk of being boring I repeat the question below. Since posting I have done a complete reinstall of metatrader and sourced a different server to no avail. BeachBum or anybody any ideas?

"""I had 'HMA modified' installed and briefly working well, but suddenly it has stopped displaying on the price chart though the alerts pop-up continues to work. Completely deleting it, downloading and installing a fresh copy, closing/restarting MT4, has same problem. Other indicators continue to display normally. No obvious abnormality such as timeframes dialog. Any advice much appreciated, for instance re relevant program lines in editor?"""
  • #126
  • May 29, 2007 7:45pm May 29, 2007 7:45pm
Hello daktari and welcome to Fozzy trading........

Have you backtested using the new RSI and MA settings?

I don't use the 'HMA modified' but here is a copy I downloaded a long time ago. I suggest deleting your copy and trying this one. HTH!

Quoting daktari
....and brilliant it has been, thanks. I have found Fozzy working well on 4hour though I did change the RSI & RSIMA from 8 to 7 - seemed to sharpen it a bit. I have also found that 'HMA modified' with MA set to 21 helped to keep one out of trades that would have gone wrong. Hence my earlier post on this thread re losing HMA display in case JokersWild, who introduced it here, or anyone else had noticed an interaction or conflict between the two indicators.

At the risk of being boring I repeat the question below. Since posting I have done a complete reinstall of metatrader and sourced a different server to no avail. BeachBum or anybody any ideas?

"""I had 'HMA modified' installed and briefly working well, but suddenly it has stopped displaying on the price chart though the alerts pop-up continues to work. Completely deleting it, downloading and installing a fresh copy, closing/restarting MT4, has same problem. Other indicators continue to display normally. No obvious abnormality such as timeframes dialog. Any advice much appreciated, for instance re relevant program lines in editor?"""
Attached File(s)
File Type: mq4 HMA Modified.mq4   5 KB | 688 downloads
  • #127
  • Edited 4:33am May 30, 2007 4:11am | Edited 4:33am
Quoting BeachBum
Hello daktari and welcome to Fozzy trading........

Have you backtested using the new RSI and MA settings?

I don't use the 'HMA modified' but here is a copy I downloaded a long time ago. I suggest deleting your copy and trying this one. HTH!
BeachBum, very many thanks for the interest and the copy of HMA. Sadly no difference. It obviously installs and works because the alerts pop-up is fine. But no display of the 2 colour MA even though other MAs and indicators show fine and in spite of whatever properties changes I try. The code for an installed version of HMA and fresh version is identical so I assume it is something in Metatrader switching off this one bit of display - bizarre. I'll let you know if I ever solve this.

Re trading - no I haven't back tested. It's a prospective trial. As for method, I can add that I do have Bol Bands on the Fozzy. As per your advice, I do not ignore trades on the 'wrong' side of the centre band but it does influence the stake size. Bigger if a long way on the 'right' side of the middle band especially if bands wide and RSI returning from outside the outer band. Standard deviations and regression to the mean are strong mathmatical urges.
  • #128
  • May 30, 2007 6:30am May 30, 2007 6:30am
  •  TPO
  • | Joined Sep 2006 | Status: One Life, One Chance | 68 Posts
Quoting daktari
BeachBum, very many thanks for the interest and the copy of HMA. Sadly no difference. It obviously installs and works because the alerts pop-up is fine. But no display of the 2 colour MA even though other MAs and indicators show fine and in spite of whatever properties changes I try. The code for an installed version of HMA and fresh version is identical so I assume it is something in Metatrader switching off this one bit of display - bizarre. I'll let you know if I ever solve this.
It's not because the colour settings are the same as your charts background colour is it?

-TPO.
  • #129
  • May 30, 2007 8:12am May 30, 2007 8:12am
How you doing

i'm the fellow conspiracy theorist fro spreadtrade 2 win formerly known as stig....

good to see you hear ..

how you getting on with fozzy ???

have you tried it on anything else yet ??

speak soon

Rye
  • #130
  • May 30, 2007 8:35am May 30, 2007 8:35am
  •  TPO
  • | Joined Sep 2006 | Status: One Life, One Chance | 68 Posts
Hi Rye!

I'm doing ok with Fozzy, taking a long time to complete my backtesting but I'm forward testing a bit at the moment too - think I need to just look at a couple of currencies instead of leaping in with all 16! Otherwise it's looking good - am working on filters still, stoch 5,3,3 is nice in my testing so far. I should also point out I'm only looking at daily charts at the moment, nothing on 4H...

How are you getting on with it?

-TPO.
  • #131
  • May 30, 2007 8:52am May 30, 2007 8:52am
Quoting TPO
It's not because the colour settings are the same as your charts background colour is it?

-TPO.
TPO - Thanks for the thought, but unfortunately no. I've tried several indicator colours and switched backgrounds. D
  • #132
  • May 30, 2007 9:34am May 30, 2007 9:34am
Quote
I'm doing ok with Fozzy, taking a long time to complete my backtesting but I'm forward testing a bit at the moment too - think I need to just look at a couple of currencies instead of leaping in with all 16! Otherwise it's looking good - am working on filters still, stoch 5,3,3 is nice in my testing so far. I should also point out I'm only looking at daily charts at the moment, nothing on 4H...

How are you getting on with it?

Yes a couple of currencies at a time is the way forward , i originally did the same withevery pair i could find , but it doesn,t pay whilst learning...

Its uncanny how when you only concentrate on a few, how you start to read them better and get into the flow.this is easily more valuable on four pairs than trying to play chase with 16 pairs.

just increase slowly as you become more in tune ( only my opinion --doesn't mean s"*t in the real world..hehe !)

Am using stochs to filter also, but in particular 14,3,3/5,3,3 Teb/Spud kindof method ...works really well.

Went to bed on two open trades last night gbp/jpy & eur/jpy set both at 40 s/l with t/p at 50 and got both ...so up 100 pips first thing in morning..

Amazing how that makes you smile inside (i never smile on the outside just in case fate is watching - if you see him ..you ain't seen me !!!)


Cheers

Rye
  • #133
  • May 30, 2007 9:55am May 30, 2007 9:55am
Quoting daktari
BeachBum, very many thanks for the interest and the copy of HMA. Sadly no difference. It obviously installs and works because the alerts pop-up is fine. But no display of the 2 colour MA even though other MAs and indicators show fine and in spite of whatever properties changes I try. The code for an installed version of HMA and fresh version is identical so I assume it is something in Metatrader switching off this one bit of display - bizarre. I'll let you know if I ever solve this.
Do you have a 'conflict' between the HMA and another indicator? Try putting the HMA on a 'clean' chart without any other indicators and see what you get. Try experimenting with various combinations of indicators on a chart to see if one prevents the HMA from displaying properly. Just a thought....

Quoting daktari
Re trading - no I haven't back tested. It's a prospective trial. As for method, I can add that I do have Bol Bands on the Fozzy. As per your advice, I do not ignore trades on the 'wrong' side of the centre band but it does influence the stake size. Bigger if a long way on the 'right' side of the middle band especially if bands wide and RSI returning from outside the outer band. Standard deviations and regression to the mean are strong mathmatical urges.
If you do some backtesting on this, I would be interested in your results!
  • #134
  • Edited 9:58am Jun 14, 2007 9:36am | Edited 9:58am
Quoting BeachBum
Do you have a 'conflict' between the HMA and another indicator? Try putting the HMA on a 'clean' chart without any other indicators and see what you get. Try experimenting with various combinations of indicators on a chart to see if one prevents the HMA from displaying properly. Just a thought....
Sadly, it appears that even the Metatrader techs do not know the answer to this. The really bizarre thing is not being able to do what you suggested above, namely start again. As I said before, even re-installing Metatrader and going with a different feed server does not clear it. Usually that means some registry key has etc. etc... and I was just getting to like it as confirmation for Fozzy but looks like I have to find a substitute for HMA and its derivatives. Thanks again for your interest and, of course, all your other great posts.
  • #135
  • Jun 14, 2007 10:00am Jun 14, 2007 10:00am
daktari................I'm sorry to hear this. Situations like this are very frustrating. You may need to have two sets of charts, maybe two profiles to accomplish what you want. All the best!

Quoting daktari
Sadly, it appears that even the Metatrader techs do not know the answer to this. The really bizarre thing is not being able to do what you suggested above, namely start again. As I said before, even re-installing Metatrader and going with a different feed server does not clear it. Usually that means some registry key has etc. etc... and I was just getting to like it as confirmation for Fozzy but looks like I have to find a substitute for HMA and its derivatives. Thanks again for your interest and, of course, all your other great posts.
  • #136
  • Jun 15, 2007 6:57am Jun 15, 2007 6:57am
Quoting daktari
Hence my earlier post on this thread re losing HMA display in case JokersWild, who introduced it here, or anyone else had noticed an interaction or conflict between the two indicators.

At the risk of being boring I repeat the question below. Since posting I have done a complete reinstall of metatrader and sourced a different server to no avail. BeachBum or anybody any ideas?
I never used the original version. Try this version and see if it attaches and continues to work for you. The way it updates looks suspect to me as far as re-painting which on a 4 hour chart could make the email alert very old but it should work the same as the other HMA Modified. It also looks like it could send out a signal a few minutes into a new bar and then nothing more. I increased the line thickness but otherwise it is the same indicator. I've only tested it briefly on a 5 minute chart so don't rely on it with a 10 lot order.
Attached File(s)
File Type: ex4 HMA Modified-nv.ex4   7 KB | 710 downloads
  • #137
  • Jun 18, 2007 9:14am Jun 18, 2007 9:14am
Quoting nvwine
I never used the original version. Try this version and see if it attaches and continues to work for you. The way it updates looks suspect to me as far as re-painting which on a 4 hour chart could make the email alert very old but it should work the same as the other HMA Modified. It also looks like it could send out a signal a few minutes into a new bar and then nothing more. I increased the line thickness but otherwise it is the same indicator. I've only tested it briefly on a 5 minute chart so don't rely on it with a 10 lot order.
Brilliant! This version certainly attaches, which the 'Modified' I was using and other versions such as 'Russian' and '2 Colour' would not anymore. I am not particularly interested in the alerts function and I just hope the indicator keeps going so I can continue seeing what settings best confirm Fozzy trades.

As you said, re-painting is a problem with the HMAs and others like NonlagMA but, because of the problem you seem to have solved for me, I haven't yet had a chance to see for myself how much it interferes with decisions. Very many thanks for the help.
  • #138
  • Jun 24, 2007 10:49am Jun 24, 2007 10:49am
Hi BB and the others contributing here, thanks for the time and effort you put in.

I have been using RSI vs MA as an indicator for a while and would like to say that I always qualify it with MACD a bit like RamRocket, see his post #54. I also have set up an RSI indicator that looks more like his and less like everybody else's, but hey...

I am about to start using 4hr entry with switch to 1d because I need to do some work (at work) and this has been a really useful read. For another slant, or my few cents, I check daily, then 4h and then 1h for some correlation before opening a trade and usually it works out Ok.

BB, your advice about sticking with trading every day is probably the most valuable thing I have gained here - and I hope it will stop me making some of those really dumb entries.

Great thread
Minesweeper target: 284
  • #139
  • Jul 5, 2007 4:08am Jul 5, 2007 4:08am
Hello to everyone.

I thought this might be helpful. I modified the RSI_EMA_MTF.mq4 indicator to derive the RSI from another indicator called RSX. I changed it from EMA to SMA, used periods(8) as defaults and kept the MTF function.

What we have now is a perfect indicator for the Fozzy method. Easy to attach to an EA via iCustom().

Screenshot and all files are attached below.

Enjoy!

Spudbone

P.S. The code change was simple. I hope adding Bollinger Bands won't be terribly difficult.
Attached Image (click to enlarge)
Click to Enlarge Name: rsx_sma_mtf indicator.jpg Size: 59 KB
Attached File(s)
File Type: mq4 RSX_SMA_MTF.mq4   4 KB | 841 downloads
File Type: ex4 RSX_SMA_MTF.ex4   3 KB | 626 downloads
File Type: mq4 RSX.mq4   2 KB | 781 downloads
File Type: ex4 RSX.ex4   4 KB | 649 downloads
  • #140
  • Jul 5, 2007 7:15am Jul 5, 2007 7:15am
spudbone............

Thanks very much!
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