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Fozzy e-book - noobs can start here

  • #21
  • Apr 23, 2007 11:31am Apr 23, 2007 11:31am
Quoting bundubill
the bhoy

firstly many thanks for the ebook - a really generous act. Secondly can you assist a real comptuer dumbo with the chart template download. i have downloaded into my documents folder but when I try to open it, I get a message telling me that windows need to know what program created it. I've probably downloaded it into the wrong area. Would you mind giving me a blow by blow account of what I should do to download and activate this template

Thanks
You have to unzip it first. Then choose the destination as c:/program files/metatrader 4 (or whatever name you have for the directory)/templates.

You don't need to be opening it directly. Just make sure it's in the templates folder, start up metatrader, right click on a free area of chart and move down to templates - the name of the template should be there.

Hope that helps
  • #22
  • Apr 23, 2007 11:35am Apr 23, 2007 11:35am
Quoting MikeZ.
the bhoy,

I am using North Finance charts and live in Israel where we have a 3 hour GMT difference at the moment (it's 3 hours later here). This means that I can place a new order (buy/sell) for the day at 1 AM my time. Unfortunately, that means for me waking up while I am sleeping already!
Any suggestions here?
Thanks!
I can relate - living in Japan.

You could simply open the trade a couple of hours before the close - not a lot of action happens then anyway. Or, if you really want to be sure of the cross, you could eyeball the charts before going to bed - put the fozzy2.2 EA on the charts which look ripe for a cross and let the EA put the trades on for you - you'd have to leave your computer on.

Or just have another coffee.
  • #23
  • Apr 23, 2007 2:16pm Apr 23, 2007 2:16pm
I'm having trouble applying more than one indicator in the same window... Can someone advise?? Thanking all in advance....
  • #24
  • Edited May 14, 2007 3:11pm Apr 23, 2007 2:34pm | Edited May 14, 2007 3:11pm
Michael.............1535 and counting............
  • #25
  • Apr 25, 2007 3:39am Apr 25, 2007 3:39am
Quoting the bhoy
I can relate - living in Japan.

You could simply open the trade a couple of hours before the close - not a lot of action happens then anyway. Or, if you really want to be sure of the cross, you could eyeball the charts before going to bed - put the fozzy2.2 EA on the charts which look ripe for a cross and let the EA put the trades on for you - you'd have to leave your computer on.

Or just have another coffee.
Thanks the bhoy!
That might be a solution for me...
  • #26
  • Apr 29, 2007 3:11am Apr 29, 2007 3:11am
I just noticed there's a slight omission in the instructions for how to set up the charts. It should read:

Quote
So we have our charts. Now we want to set up the method. First, make sure you are looking at the daily (D1). Open the navigator and expand the “Indicators” sub-root (see Fig 1). We want to put an 8-period RSI (Relative Strength Index) on the chart (see Fig 2). Next drag the Moving Average icon onto the RSI window and set it as an 8-period EMA (Exponential Moving Average) (see Fig 3 for settings details).

Looks like the book's headed for 1000 downloads soon!

BTW, I hope to post a short e-book sometime this summer on candle patterns to be used as a partner to the Fozzy book. It's something I've really got into recently.

All the best
Michael
  • #27
  • May 8, 2007 11:31am May 8, 2007 11:31am
Some people have e-mailed me to mention that North Finance's charts, of which there is a link to in the e-book, now display a Sunday candle (sigh).

Alternatives can be dowloaded at 1-World Forex's site (GMT+3). I think there are other brokers too. Maybe you guys can post info here.

Cheers
Michael
  • #28
  • May 8, 2007 12:30pm May 8, 2007 12:30pm
I put on my chart a Fozzy_2.2 EA. Under placing stops section of the ebook, Michael discusses a 70% ATR (20) method. My Fozzy_2.2 EA (under inputs) shows variable called Use_ATR_Pct and value 0.7! I guess that my Fozzy_2.2 EA has already activated a 70% ATR automatically, correct? Also it shows a Use_ATR_Stop variable, value true! (My Average True Range shows already a 20 period in the window.) Thanks!
  • #29
  • May 8, 2007 12:58pm May 8, 2007 12:58pm
I like using FXDD......no Sunday candle and demo accounts are valid for a long time!

Quoting the bhoy
Some people have e-mailed me to mention that North Finance's charts, of which there is a link to in the e-book, now display a Sunday candle (sigh).

Alternatives can be dowloaded at 1-World Forex's site (GMT+3). I think there are other brokers too. Maybe you guys can post info here.

Cheers
Michael
  • #30
  • May 8, 2007 1:00pm May 8, 2007 1:00pm
MikeZ.......questions about the EA will probably get a better response in the EA thread.....let's leave this thread for e-book discussions.

Quoting MikeZ.
I put on my chart a Fozzy_2.2 EA. Under placing stops section of the ebook, Michael discusses a 70% ATR (20) method. My Fozzy_2.2 EA (under inputs) shows variable called Use_ATR_Pct and value 0.7! I guess that my Fozzy_2.2 EA has already activated a 70% ATR automatically, correct? Also it shows a Use_ATR_Stop variable, value true! (My Average True Range shows already a 20 period in the window.) Thanks!
  • #31
  • May 9, 2007 8:37am May 9, 2007 8:37am
Beachbum (or anyone),

Do you happen to know what time the new daily candle forms on FXDD charts? Is it midnight GMT or GMT+1 etc..

Thanks
  • #32
  • May 9, 2007 8:46am May 9, 2007 8:46am
Michael...........FXDD uses the close of the NY market as EOD (one of the reasons I like their data feed!). Currently that is 5 PM Eastern Daylight Time. I believe that is GMT+3. HTH!

Quoting the bhoy
Beachbum (or anyone),

Do you happen to know what time the new daily candle forms on FXDD charts? Is it midnight GMT or GMT+1 etc..

Thanks
  • #33
  • May 9, 2007 8:53am May 9, 2007 8:53am
wow, very nice ebook.

Anybody who is looking for a great easy system should just download this ebook and master it. A simple, yet elegant and logical method that will surely compound your gains over time
  • #34
  • May 9, 2007 10:38am May 9, 2007 10:38am
Well done...Great E-Book.... A must read for Newbies like me....Follow the rules and you WILL make pips.....Sh@# if I can do it anyone can....
It's All About Attitude ...
  • #35
  • May 9, 2007 10:54am May 9, 2007 10:54am
Hi everybody,

First, I would like to thank the bhoy for the excellent e-book.

Second, I have downloaded the MT4 from North Finance, and noticed that they started to show the sunday candle for Forex pairs (there is no sunday candle for metals, futures ...). Well, being disappointed but not willing to give up, I opened History Center, brought up the daily info for any pair and deleted the entry for May 6 (sunday) and after the few seconds, the candle disappeared from the corresponding chart.

Now, I am aware that it probably can't be as simple as this, it still has to be seen how is monday candle affected (OHLC values, but those can be adjusted also, in the History Center).

If any one else is willing to experiment with this and share the findings, may be we can solve the problem of the sunday candle and stay with our favorite broker.


branac
  • #36
  • May 9, 2007 11:37am May 9, 2007 11:37am
Try FXDD.................no Sunday candle, no worries mate!

Quoting branac
Hi everybody,

First, I would like to thank the bhoy for the excellent e-book.

Second, I have downloaded the MT4 from North Finance, and noticed that they started to show the sunday candle for Forex pairs (there is no sunday candle for metals, futures ...). Well, being disappointed but not willing to give up, I opened History Center, brought up the daily info for any pair and deleted the entry for May 6 (sunday) and after the few seconds, the candle disappeared from the corresponding chart.

Now, I am aware that it probably can't be as simple as this, it still has to be seen how is monday candle affected (OHLC values, but those can be adjusted also, in the History Center).

If any one else is willing to experiment with this and share the findings, may be we can solve the problem of the sunday candle and stay with our favorite broker.


branac
  • #37
  • May 9, 2007 1:33pm May 9, 2007 1:33pm
Quoting BeachBum
Try FXDD.................no Sunday candle, no worries mate!
Hehe, good idea. The thing is, I would like to have gold charts, and on my installation of FXDD gold is frozen at 476.50 and never moves ...
  • #38
  • May 9, 2007 1:38pm May 9, 2007 1:38pm
Does anyone have or know where I might get an EA that all it does is buys/sells on the next candle that opens...places the trade at what ever price the next opens at and also sets SL and TP.

I need it so that if I can not be at my computer I can place the trade and know that Fozzy is going to do the rest for me lol.

Thanks in advance.
It's All About Attitude ...
  • #39
  • May 9, 2007 3:36pm May 9, 2007 3:36pm
Yeah, you're right..............unfortunately FXDD does not have Gold............

Quoting branac
Hehe, good idea. The thing is, I would like to have gold charts, and on my installation of FXDD gold is frozen at 476.50 and never moves ...
  • #40
  • May 9, 2007 3:37pm May 9, 2007 3:37pm
Have you tried the "Fozzy" EA?

Quoting billser
Does anyone have or know where I might get an EA that all it does is buys/sells on the next candle that opens...places the trade at what ever price the next opens at and also sets SL and TP.

I need it so that if I can not be at my computer I can place the trade and know that Fozzy is going to do the rest for me lol.

Thanks in advance.
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