Here is a quick copy and paste from the demo account that I've been trading with. The first few trades were when I was figuring out how to use MT4 and trade with Fozzy's indicators. That first $50 loss shouldn't be there. After I settled into a good ...

The Daily Fozzy Method

If you're expecting a system to have no loosing weeks, then you're in for a big surprise.

The Daily Fozzy Method

I call shennanigans.

What actually works.

I know you said not to say this, but I'm doing it anyway. The system you trade with doesn't matter as much as having a good money management plan. I'm willing to wager that if you had something simple as buying / selling at ma crosses, and have a ...

What actually works.

Good work guys. Quick question, what is the risk/reward difference between using the BB or taking any cross. Basically, are you risking more just to make $1,300 more in profit? What if in your backtesting, it was just a lucky year?

The Daily Fozzy Method

Talk to an accountant. You're wrong.

Anyone have an offshore entity?

A LLC will not shield you from your tax liabilities. If you are American, you will still pay income tax. I do not know how AU works for taxes, but I assume that if you make money, they will tax it. Death and taxes, the only 2 guaranteed things.

Anyone have an offshore entity?

You will still be liable for taxes on any income accrued, be it from forex or interest generated, in your country of residence. The whole thing about "Swiss bank accounts" was that the Swiss wouldn't give your account information to other ...

Anyone have an offshore entity?

I've used it, and I like it. I wouldn't consider it an indicator to enter or exit positions by, but it's definatly good for giving you a better 'feel' for how a trend is moving.

The Ultimate Guppy Multiple Moving Average (GMMA) Thread

I agree with you 100%. A different approach is needed for different currencies. On the majors, ATR is fine because if it goes that much one way or the other, the trend is most likely in place. But on these smaller ones, if volume picks up enough to ...

The Daily Fozzy Method

Update on previous post, EUR/GBP hit my stop loss at 7am this morning, and now has gone in the direction indicated. Grrr... maybe 30 pips was too small of a stoploss, but that's what ATR suggested. image

The Daily Fozzy Method

Here's a couple charts for those interested. This one made a nice cross, went good for a while, then reversed. image Maybe i entered this one too late? Did the cross happen prior to my entry? I can't really tell, either way I lost money. image

The Daily Fozzy Method

I'm shorting USD/JPY and EUR/GBP, picked from a large group of signals. I'm posting charts / info on my blog (can I drop a link here? Im confused on the rules) if anyone's interested.

The Daily Fozzy Method

I just checked things, and I am using a simple MA (8). I changed it to smoothing, and tried exponential, but both altered the chart and gave more false signals. A previous poster mentioned he was buying at the previous day's high in order to confirm ...

The Daily Fozzy Method

I've noticed that when the cross forms on the far right of "inbetween" the bars, it doesn't usually work out. This is one example of many i've seen. Any comments? I lost a few bucks on this one, but another play turned out just fine. So far I'm ...

The Daily Fozzy Method

You can set the lot value by setting Lots=whatever. Please don't run this on a live account, only use these EA's on a demo account.

The Fozzy EA

I wanted the stop to be greater than the atr, 3 times to be exact. I was just testing ideas and tossed that in there. I think you're right about the algebra problem, and maybe that's why i was getting some odd looking results/errors. I'll wait to ...

The Fozzy EA

The ATR would be used on the currency pair to determine the, well, average true range of it. Some here are using or considering to use it for determining where to place stop losses.

The Daily Fozzy Method

ATR = average true range. Developed by J. Welles Wilder and introduced in his book, New Concepts in Technical Trading Systems (1978), the Average True Range (ATR) indicator measures a security's volatility. As such, the indicator does not provide an ...

The Daily Fozzy Method

I modified stockwet's EA to use ATR for the stoploss (along with a cushion) and it seems to work much better than high/lows. Check it out in his thread if you're interested. I'll be incorporating ATR into my process.

The Daily Fozzy Method