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The 4 Hour Fozzy Method

  • #141
  • Jul 9, 2007 5:47am Jul 9, 2007 5:47am
Spudbone,

tnx for the MTF, its works a treat, no further tweaking required!
Good Trading to All ---- fairwind
  • #142
  • Jul 9, 2007 9:15am Jul 9, 2007 9:15am
Hi Spudbone,

Can you please expand on this?

Regards,
Guess

Quoting spudbone
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.
  • #143
  • Jul 11, 2007 2:47pm Jul 11, 2007 2:47pm
Hi Joker'sWild

I'm looking for the MTF_Sniper's CCI indicator but I'm unable to find it. Can you or somebody else can help me to find it.
Thanks.
Al
AL
  • #144
  • Jul 12, 2007 12:01am Jul 12, 2007 12:01am
Search @ www.forex-tsd.com
  • #145
  • Jul 12, 2007 1:59am Jul 12, 2007 1:59am
Try this......
Attached File(s)
File Type: zip MTF FX Snipers Ergotic CCI Trigger.zip   2 KB | 998 downloads
Good Trading to All ---- fairwind
  • #146
  • Jul 12, 2007 5:29am Jul 12, 2007 5:29am
Thanks a lot guys, I appreciate your help.
Al
AL
  • #147
  • Jul 12, 2007 7:06am Jul 12, 2007 7:06am
Sorry to ask again.
I went to the 2 links you gave me but couln't find the one I'm looking for. I'm looking for MTF_Sniper's CCI like the one we can see on post 18 from Jokerswild with histogram on it. I can get everything but the histogram (unless there is another one overlay on it !)
Any idea how to get it would be more than welcome.
Thanks in advance.
Al
AL
  • #148
  • Jul 12, 2007 6:39pm Jul 12, 2007 6:39pm
I am not sure about this but here goes again.

These MTFs need their underlying indicator to work properly. ( I am not a programmer of these things so don't quote me. ) I think the Indicator in post 18 is the one I posted yesterday. It needs the underlying indicator called "FX Snipers Ergodic CCI Trigger" for the MTF version to work. Both of them are in the attached zip file.

The pic attached shows a yellow line which is NOT part of the indicator. I added that myself in the MT4 chart, so I dont know for sure if that is what was done in post 18 ??

I hope this sorts out the problems people are experiencing.
Attached Image
Attached File(s)
File Type: zip FX Snipers Ergotic CCI Indics Two of them.zip   3 KB | 982 downloads
Good Trading to All ---- fairwind
  • #149
  • Jul 13, 2007 6:58am Jul 13, 2007 6:58am
Hi Fairwind.
I'm not sure I understand what you are saying about the underlaying thing (I'm far far away to be a programer too ) But anyway, many thanks to you, it's working now.
Al
AL
  • #150
  • Jul 15, 2007 11:13am Jul 15, 2007 11:13am
Hi BB and all, am new to this thread but on my visit have noticed the following. When rsi crosses above/below the 50 line (Entry in my case) a trend is in place and it seems you can stay in the trend (and your trade) until the rsi crosses back down/up the 50 line for an exit (making good pips). Some or all of you experienced traders may have already sussed this out, but if you haven't there it is. Am looking foreward to trading the 4hr and possibly the 2 or 3hr.

Regards,
Dave
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 44 KB
  • #151
  • Jul 15, 2007 11:34am Jul 15, 2007 11:34am
Hello DaveB........

As always, we appreciate solid trading observations: thanks for sharing yours with us!

May I ask: why are you using the "Backtest" Fozzy indicator?

Quoting DaveB
Hi BB and all, am new to this thread but on my visit have noticed the following. When rsi crosses above/below the 50 line (Entry in my case) a trend is in place and it seems you can stay in the trend (and your trade) until the rsi crosses back down/up the 50 line for an exit (making good pips). Some or all of you experienced traders may have already sussed this out, but if you haven't there it is. Am looking foreward to trading the 4hr and possibly the 2 or 3hr.

Regards,
Dave
  • #152
  • Jul 15, 2007 1:14pm Jul 15, 2007 1:14pm
Hi BB (embarrassment), I didn't realise it was a back test indicator/version. In all honesty I'm not very knowlegable on backtesting/foreward testing etc, I just noticed that when rsi was above that particular level (50) that this was a good indication that a good trend was in place. I do appologise for my nievety re backtesting.

Regards,
Dave
  • #153
  • Jul 15, 2007 8:08pm Jul 15, 2007 8:08pm
Dave...............no need to apologize. I asked the question because if you want the same indicator used by myself and others, you don't have it. The one on your charts gives the signal one period late on the chart, an important factor when trading on the Daily chart; something to consider.

Quoting DaveB
Hi BB (embarrassment), I didn't realise it was a back test indicator/version. In all honesty I'm not very knowlegable on backtesting/foreward testing etc, I just noticed that when rsi was above that particular level (50) that this was a good indication that a good trend was in place. I do appologise for my nievety re backtesting.

Regards,
Dave
  • #154
  • Jul 16, 2007 2:42am Jul 16, 2007 2:42am
Ok BB I'll set up the indicator (8 rsi and 8 sma crossover, 50 mid line) Like you I don't use BB's.
  • #155
  • Jul 27, 2007 6:31am Jul 27, 2007 6:31am
Can anybody write the rules for 4h fozzy trading ? pls

thnaks
  • #156
  • Jul 27, 2007 6:51am Jul 27, 2007 6:51am
Quoting 4newbie
Can anybody write the rules for 4h fozzy trading ? pls

thnaks
4newbie....................I suggest you read this thread (only 155 posts) and then you write the rules for the rest of us. How about that? pls?
  • #157
  • Jul 27, 2007 7:42am Jul 27, 2007 7:42am
Quoting BeachBum
4newbie....................I suggest you read this thread (only 155 posts) and then you write the rules for the rest of us. How about that? pls?


my english is no good for reading such kind of info, i cant fully understnt what here exactly is written, its hard to understand ur minds when u posting...so....because of this iam asking ...

can u write rules by which u trade 4h fozzy strategy ?
  • #158
  • Jul 27, 2007 9:00am Jul 27, 2007 9:00am
Quoting 4newbie


my english is no good for reading such kind of info, i cant fully understnt what here exactly is written, its hard to understand ur minds when u posting...so....because of this iam asking ...

can u write rules by which u trade 4h fozzy strategy ?
4newbie...........I understand you have a difficult situation, and I truly wish there was more I could to help. However, trading the 4 Hour Fozzy is much, much more than just reading a set of rules and then mechanically following these rules to trade. Anyone who Fozzy-style trades successfully, will tell you that it is necessary to understand how this method works and develop a certain "feel" for this type of trading. This is the main reason newbies (like yourself) are encouraged to read everything in this sub-forum and do thorough backtesting before trading. I use a set of guidelines for my 4 hour trading, not a set of rules. This is the best and most honest thing I can tell you; I wish you the very best in your trading career, but I honestly believe that your success is tied directly to your also improving your grasp of the English language.
  • #159
  • Jul 27, 2007 10:35am Jul 27, 2007 10:35am
Quoting BeachBum
4newbie...........I understand you have a difficult situation, and I truly wish there was more I could to help. However, trading the 4 Hour Fozzy is much, much more than just reading a set of rules and then mechanically following these rules to trade. Anyone who Fozzy-style trades successfully, will tell you that it is necessary to understand how this method works and develop a certain "feel" for this type of trading. This is the main reason newbies (like yourself) are encouraged to read everything in this sub-forum and do thorough backtesting before trading. I use a set of guidelines for my 4 hour trading, not a set of rules. This is the best and most honest thing I can tell you; I wish you the very best in your trading career, but I honestly believe that your success is tied directly to your also improving your grasp of the English language.
to understand how this method works i should to know the maine settings of this method, does this has as daily fozz method maine settings?

Dont u want to share ur 4h fozzy trading ?
  • #160
  • Jul 30, 2007 12:07pm Jul 30, 2007 12:07pm
...some of us have seen this coming and have been in for a week already
Minesweeper target: 284
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