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The Daily Fozzy Method

  • #1,521
  • Jan 10, 2007 8:20am Jan 10, 2007 8:20am
Thanks Johoma. That worked.


Quoting johoma
Close your metatrader.
Save or copy/paste the Vegas Currency Daily indicator into the following folder: Program Files/Metatrader 4/experts/indicators. Reopen metatrader. Under the View menu, select Navigator. If you scroll down the Navigator window and open "Custom Indicators" you should see Vegas Currency Daily. Double click the indicator or click and drag it onto your chart.
Cheers
  • #1,522
  • Jan 10, 2007 9:03am Jan 10, 2007 9:03am
hi
could someone please post a EurUsd chart with the latest trades with Fozzys original strategy.
I am still kind of unsure about the systematic and its profitability.
Thx Till
  • #1,523
  • Jan 10, 2007 7:56pm Jan 10, 2007 7:56pm
Hi,

I read through this thread before Christmas, and having a memory like a goldfish, I have just finished reading back through it to make sure I understood everything and missed nothing. Knowing I would forget things even after the second time I made a "very" brief summary of points that were key and of interest to me. I have attached for people to use if they so wish.

Please note that this is just "my summary", it's more of a cheatsheet, it is not a "Fozzy System summary" so it does not capture everything. You really need to read the whole thread to get a true appreciation of the system and its variations. A lot of generous people have provided a lot of valuable information so you should take the time to take it all in. All this summary will do is guide you to key points (I never included links, just post numbers as the doc would have blown out in size), and what I consider to be relevant maybe different to the next person. Hopefully I haven't misquoted anyone and everything is in order, apologies in advance for any errors you may find.

I have a few questions to follow but I will save that for a separate post. Thanks to everyone for sharing so much great info!

Cheers..
Attached File(s)
File Type: doc Fozzy Summary.doc   37 KB | 1,743 downloads
  • #1,524
  • Jan 10, 2007 10:10pm Jan 10, 2007 10:10pm
Being new to this site and MT4 I am still trying to come up to speed with a whole number of things, one of them being the Daily Vegas Risk models/fib levels. With most successful traders of the Fozzy method using the Vegas models for TP's I tried to dig up some info or a summary on them in one of the many Vegas threads but without much luck to date. Can anyone point me in the right direction please?

I saw BeachBum provided the fib levels for each model in his post (#1319) plus both he and willf provided Vegas custom indicator files but what I haven't been able to figure out is how to modify these so that I can get say Risk Model 1 and 3 on the same chart? The models I have loaded just have the 3 fib levels. I know nothing about programming but did note that within the code there appears to be all the risk models but don't know how to go about mixing up and combining the different risk models to see which ones fit which pairs best? Should this be easy to do....can someone please help me out on this.

Thanks!
  • #1,525
  • Edited 11:53pm Jan 10, 2007 11:41pm | Edited 11:53pm
Quoting fresian
Being new to this site and MT4 I am still trying to come up to speed with a whole number of things, one of them being the Daily Vegas Risk models/fib levels. With most successful traders of the Fozzy method using the Vegas models for TP's I tried to dig up some info or a summary on them in one of the many Vegas threads but without much luck to date. Can anyone point me in the right direction please?

I saw BeachBum provided the fib levels for each model in his post (#1319) plus both he and willf provided Vegas custom indicator files but what I haven't been able to figure out is how to modify these so that I can get say Risk Model 1 and 3 on the same chart? The models I have loaded just have the 3 fib levels. I know nothing about programming but did note that within the code there appears to be all the risk models but don't know how to go about mixing up and combining the different risk models to see which ones fit which pairs best? Should this be easy to do....can someone please help me out on this.

Thanks!
In Vegas Wealth Builder.doc have a look at pages 5-9. To get 2 different models on a chart, just apply/overlay the indicator twice, selecting say models 1 for one of them and model 2 for the other, so that you get a combination of models 1 and 2 on the chart (as described on page 6 of the document). I think there may be a modified Vegas Daily Indicator around that includes a 39 fib level rather than the original that has 89 as the lowest level. To check which one you have just calculate 39 or 89pips above/below the 28ema on your chart.
Here's a link to the documents:
http://www.forexfactory.com/forexfor...ead.php?t=4365
Cheers
  • #1,526
  • Jan 11, 2007 1:02am Jan 11, 2007 1:02am
Thanks Johoma. I didn't realise I could change the input values for the Indicator Properties!

willf created a Risk Model 0 with the smaller fib levels:
http://www.forexfactory.com/forexfor...&page=89&pp=15

Cheers..
  • #1,527
  • Jan 11, 2007 1:43am Jan 11, 2007 1:43am
Quoting fresian
Hi,

I read through this thread before Christmas, and having a memory like a goldfish, I have just finished reading back through it to make sure I understood everything and missed nothing. Knowing I would forget things even after the second time I made a "very" brief summary of points that were key and of interest to me. I have attached for people to use if they so wish.

Please note that this is just "my summary", it's more of a cheatsheet, it is not a "Fozzy System summary" so it does not capture everything. You really need to read the whole thread to get a true appreciation of the system and its variations. A lot of generous people have provided a lot of valuable information so you should take the time to take it all in. All this summary will do is guide you to key points (I never included links, just post numbers as the doc would have blown out in size), and what I consider to be relevant maybe different to the next person. Hopefully I haven't misquoted anyone and everything is in order, apologies in advance for any errors you may find.

I have a few questions to follow but I will save that for a separate post. Thanks to everyone for sharing so much great info!

Cheers..
Hello fresian really helpfull what you have done

Many thanks David-T
  • #1,528
  • Jan 11, 2007 5:57pm Jan 11, 2007 5:57pm
Fresian,

That is phenomonal the way you summarized that. Thanks a lot. There are times when I've been wondering where I saw something and this thread being as long as it is, it was sometimes difficult.

Mike.
Taking Life One Pip At A Time I officially have my own opinion.
  • #1,529
  • Jan 12, 2007 7:14am Jan 12, 2007 7:14am
Hey guys! Weekend is almost there! Can someone tell me how many pairs can be followed on FXDD MT4? I was hoping to follow 16 but can only see 14 among which 2 that I am not interested in. Do you know of any way to get more pairs on this platform? What about NZD pairs?

Thanks and have a great week end!

Marie
  • #1,530
  • Jan 12, 2007 7:28am Jan 12, 2007 7:28am
I watch 19 pairs.

Open the "Market Watch" window in MT4 and right click on it. Select the option "Show All".
Quoting msblanchet
Hey guys! Weekend is almost there! Can someone tell me how many pairs can be followed on FXDD MT4? I was hoping to follow 16 but can only see 14 among which 2 that I am not interested in. Do you know of any way to get more pairs on this platform? What about NZD pairs?


Thanks and have a great week end!

Marie
  • #1,531
  • Jan 15, 2007 12:41pm Jan 15, 2007 12:41pm
just to keep the thread awake
  • #1,532
  • Jan 15, 2007 1:12pm Jan 15, 2007 1:12pm
Quoting coolshades
just to keep the thread awake


Yeah, has got a bit slow. Just goes to show that the system is good and everything anyone needs to know can be found in the thread.

Less is more
  • #1,533
  • Jan 15, 2007 2:50pm Jan 15, 2007 2:50pm
Quoting willf


Yeah, has got a bit slow. Just goes to show that the system is good and everything anyone needs to know can be found in the thread.
Less is more
Guys, want to share following setup with you. What do you think??

In the weekend I went through 1 year of data for 2 pairs using F12 to step through bar-by-bar and calling the shot at each signal. I made several observations:
1. When the SOLARWIND indicator is green, declining and approaching 0, we usually see a stalling uptrend.
2. Whenever SOLARWIND switches color (so first red bar or first green bar) we usually see a solid entry signal
3. Whenever SOLARWIND is "rather high" number the slope is not so relevant, color is...
4. FX SNIPER T3-CCI(8) is a good early indicator.

I have found following setup to be very solid.
a) price has been in strong trend, Tunnel>50EMA>100EMA>200EMA (key S/R lines)
b) price has recently retraced to one of the key S/R lines
c) For a buy: Solarwind indicator produces first green bar and FX Sniper T3-CCI(8) starts to head north.

Usually the Willf signal follows one or two days after.

I have included the picture below to illustrate.
Attached Image
  • #1,534
  • Jan 15, 2007 2:59pm Jan 15, 2007 2:59pm
Quoting poekmeister
Guys, want to share following setup with you. What do you think??

In the weekend I went through 1 year of data for 2 pairs using F12 to step through bar-by-bar and calling the shot at each signal. I made several observations:
1. When the SOLARWIND indicator is green, declining and approaching 0, we usually see a stalling uptrend.
2. Whenever SOLARWIND switches color (so first red bar or first green bar) we usually see a solid entry signal
3. Whenever SOLARWIND is "rather high" number the slope is not so relevant, color is...
4. FX SNIPER T3-CCI(8) is a good early indicator.

I have found following setup to be very solid.
a) price has been in strong trend, Tunnel>50EMA>100EMA>200EMA (key S/R lines)
b) price has recently retraced to one of the key S/R lines
c) For a buy: Solarwind indicator produces first green bar and FX Sniper T3-CCI(8) starts to head north.

Usually the Willf signal follows one or two days after.

I have included the picture below to illustrate.
Doesn't the Solar Wind repaint itself when a new bar opens?

It always looks good backtesting but forward testing the current bar can change depending on the next bar.
  • #1,535
  • Jan 15, 2007 3:11pm Jan 15, 2007 3:11pm
Quoting willf
Doesn't the Solar Wind repaint itself when a new bar opens?

It always looks good backtesting but forward testing the current bar can change depending on the next bar.
Uhm, I was not aware of this. I had a quick look at the code and am not 100% sure of repainting. O well, I may just try this for a couple of weeks to see how much false signals I get.

Thanks for pointing this out to me!

Poek
  • #1,536
  • Jan 15, 2007 4:41pm Jan 15, 2007 4:41pm
I think solar wind can be a problem IF you use it as a standalone but should be fine with other confirmations
  • #1,537
  • Jan 15, 2007 8:35pm Jan 15, 2007 8:35pm
Did you ever notice that if you change the price chart to a "line" instead of a candlestick it looks exactly like the 8RSI.... Draw a 8ma and you have fozzy indicator as price.
Attached Image
Trade what you see - Not what you think
  • #1,538
  • Jan 15, 2007 9:43pm Jan 15, 2007 9:43pm
I find that most indicators just regurgitate price in a different way. Some traders seem to feel that indicators are predicting where to trade. They are really just following price and making price look a little different.

Thanks Summitfx. As usual, your posts are meaningful.
Don Life is expensive, but includes a free trip around the sun.
  • #1,539
  • Jan 16, 2007 12:49am Jan 16, 2007 12:49am
Quoting summitfx
Did you ever notice that if you change the price chart to a "line" instead of a candlestick it looks exactly like the 8RSI.... Draw a 8ma and you have fozzy indicator as price.
nice call on that double bottom glad someone got it I was asleep
  • #1,540
  • Jan 16, 2007 6:20am Jan 16, 2007 6:20am
Fascinating..................

Quoting summitfx
Did you ever notice that if you change the price chart to a "line" instead of a candlestick it looks exactly like the 8RSI.... Draw a 8ma and you have fozzy indicator as price.
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