Author:
OzFx
Are you ready to boost your trading game? The OzFx system is designed to help you snag an impressive profit of 100-800+ pips. Let’s dive into the details!
System Overview
Security: EUR/JPY
Timeframe: Daily
Indicators Used: Bill Williams’ Accelerator Oscillator (AC) and Stochastic Oscillator
Trading Lot:
0.1
System Rules
- Attach the following indicators to your EUR/JPY chart:
- Bill Williams’ Accelerator Oscillator (AC)
- Stochastic Oscillator with parameters K=5, D=3, L=3 - A buying alert triggers when the AC (green bar) crosses above the zero mark while the fast line of the Stochastic Oscillator is above 50.
- A selling alert triggers when the AC (red bar) crosses below the zero mark while the fast line of the Stochastic Oscillator is below 50.
- When you open a trade, five orders of the same volume will be initiated simultaneously. Set your Stop Loss at 100 points for all orders.
- Take Profit levels are set as follows:
- +50 points for the first order
- +100 points for the second order
- +150 points for the third order
- +200 points for the fourth order
- The fifth order is closed only when an opposite alert arises. - If the first order closes profitably, adjust the Stop Loss for all other orders to the non-losing area.
For more information about the system, check this link:
OzFx Strategy Details
A comprehensive report on testing this system is available in our magazine’s issue from 03.03.2008:
Testing Report
Results Achieved with Standard Settings
StopLoss: 100
TakeProfit: 50, 100, 150, 200
Stochastic: 5
Results with Alternate Parameters
StopLoss: 220
TakeProfit: 80, 160, 240, 320
Stochastic: 46
Happy trading! May the pips be ever in your favor!
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