59# OZ FX Trading System
Submit by Joy 22 (Written OZFX) 06/12/2011
Setup:
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Open up a daily or 4H chart, curency pairs any.
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Apply Bill Willam’s Accelerator Oscillator (AC).
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Apply Stochastic with setting 5,3,3 on top of AC. Use the template if don’t know how to.
Short Entry: RED AC below 0 and Stot below 0
Long Entry: Green AC above 0 and Stot above 0
Exit: OppsiteBuy/Sell signal or as per Money
Management.
Filter: Apply
200SMA. If price is below 200SMA then only take short trades. If Price is above 200SMA then only take long trades.
Money Management:
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Trade with 5 Lots with Stop Loss 100 pips away
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Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE).
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Take Profit on 2nd Lot at 100 pips.
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Take Profit on 3rd Lot at 150 pips.
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Take Profit on 4th Lot at 200 pips.
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Let the 5th Lot run until you see an opposite entry signal.
The Risk/Reward ratio turns out to be 1:1 or better depending on your 5th Lot. Since we trade on daily and would only take trades with high probability of success, 1:1 would work just fine.
In the pictures below OZ FX Trading System in action.
OZFX Trading
Legrand (Wednesday, 03 March 2021 21:11)
Great. Very very good strategy.