Fozzy system - page 16
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I have been trading this system on daily time frame, using another EA though. Traded pairs:
AUDUSD,
EURAUD,
EURGBP,
EURJPY,
EURUSD,
GBPCHF,
GBPUSD,
USDCHF,
USDJPY.
I made 1564 pips in a month on a demo, using Crown FX.
I intend to try the trading with Igorad's EA as well, I will start it probably from next week."This system"? You mean you traded manually and now wanna try the EA, am I correct?
Cheers,
Diam0nd
Fozzy trading manually on D1 tmeframe, part #2
All that you see on 3 images below is universal. Any coder will understand you. I mean: Bar #0, bar #1 and Bar #2.
Just look at the images:
Why we need Bar #0? Because we are openning the order when bar #0 is open. Of course, all the condition to open the order (on bar #0) should be on bar #1 and bar #2.
It is related to almost all trading system. For example, you see crossing (or arrow, or anything) on bar #1 and when new bar is open (bar #0) so you will open the order. There are few exeptions but almost all trading systems are working on the same principle: openning the order on the open bar #0 if we have some condition for bar #1 and bar #2. And all the coders will understand you if you will say the number of the bar. It is universal condition concerning coding and openning the order.
The coders call it "trading on the close bar".
Fozzy trading manually on D1 tmeframe, part #3
So we have:
RSI,
MA,
Middle Band,
Upper Band,
Lower Band.
Condition for buy order:
RSI bar #1 > MA bar #1
and
RSI bar #2 < MA bar #2
and
RSI bar #1 < Middle Band bar #1
and
RSI bar #1 < Upper Band bar #1
It is example of buy order opened on new bar. When new D1 bar is open (we call open bar as bar #0) so we are openning buy:
Condition for sell order:
RSI bar #1 < MA bar #1
and
RSI bar #2 > MA bar #2
and
RSI bar #1 > Middle Band bar #1
and
RSI bar #1 > Upper Band bar #1
It is illustration for sell order:
Fozzy trading manually on D1 tmeframe, final
EA is using exact this rules described above (but with different settings for the indicator for every bar).
Links to download EA with the settings: this post.
I am forward testing it since June 2007.
It is some results for profitable pairs.
AUDUSD
Profit factor 2.45
Max drawdown is 2%, or 1100 in case of trading by 1 lot size.
Max consecutive profit: 3595.00 (1) for 1 lot size.
Max consecutive loss: -1100.00 (2) for 1 lot size.
Summary P/L: 4817.90 for 1 lot size.
GBPCHF
Profit factor 1.44
Max drawdown is 1.93%, or 979.35 in case of trading by 1 lot size.
Max consecutive profit: 1579.97 (4) for 1 lot size.
Max consecutive loss: -979.35 (2) for 1 lot size.
Summary P/L: 1075.06 for 1 lot size.
GBPJPY
Profit factor 1.03
Max drawdown is 5.85%, or 2970.18 in case of trading by 1 lot size.
Max consecutive profit: 2539.94 (5) for 1 lot size.
Max consecutive loss: -2970.18 (5) for 1 lot size.
Summary P/L: 225.45 for 1 lot size.
GBPUSD
Profit factor 1.87
Max drawdown is 3.16%, or 1650.00 in case of trading by 1 lot size.
Max consecutive profit: 2220.00 (2) for 1 lot size.
Max consecutive loss: -1650.00 (3) for 1 lot size.
Summary P/L: 3828.84 for 1 lot size.
USDCAD
Profit factor 2.35
Max drawdown is 2.09%, or 1101.97 in case of trading by 1 lot size.
Max consecutive profit: 3451.42 (7) for 1 lot size.
Max consecutive loss: -1101.97 (2) for 1 lot size.
Summary P/L: 4405.03 for 1 lot size.
Other pairs you can see from the statements attached.
--------------
It was good example about how simple trading system can be profitable.
Fozzy trading manually on D1 tmeframe, part #4
Please find indicator and templated for D1 for 5 pairs (attached in zip file).
- Place indicator in /indicators folder (for example: C:\Program Files\MetaTrader4\experts\indicators).
- Compile indicator in MetaEditor, or restart Metatrader.
- Place template files (5 files) to /templates folder (for example: C:\Program Files\MetaTrader4\templates).
- open D1 chart and load template. How to load template? Read this thread https://www.mql5.com/en/forum/178706
Indicators settings will be loaded to the chart together with template. Other trading parameters:
AUDUSD
TakeProfit = 200;
InitialStop = 55;
TrailingStop = 40;
BreakEven = 50; (if you see +50 pips on some open order so please move stop loss to initial price value + or -1. Example with buy: you opened buy at the price 1.9470. When price is 1.9530 so move stop loss to 1.9471.
Example with sell: you opened sell at the price 1.9690. When price is 1.9640 so move stop loss to 1.9689).
GBPCHF
TakeProfit = 200;
InitialStop = 55;
TrailingStop = 40;
BreakEven = 50.
GBPJPY
TakeProfit = 200;
InitialStop = 80;
TrailingStop = 40;
BreakEven = 50.
GBPUSD
TakeProfit = 200;
InitialStop = 55;
TrailingStop = 40;
BreakEven = 50.
USDCAD
TakeProfit = 200;
InitialStop = 55;
TrailingStop = 40;
BreakEven = 50.
It was good example about how simple trading system can be profitable.
I've always liked Fozzy, but felt perhaps the DD was a bit large.
Thanks new digital for the explaination.
It was max DD in deposit currency in case of trading by 1 lot size for 1 year forward testing. It is not large for D1 timeframe for 1 year.
Updated statements for this EA.
One open trade right now:
And it is visual statement: