MoneyTec Traders Community Forum - View Single Post - OzFx System :) 100-800 Pips Per Trade

MidnightRun · 03-03-2008, 07:21

Hi OzFx,

Entering on the open of the candle is not quite clear: a candle may open above 200 SMA (or AC) and then sharply go up/down. Do you enter while the move is still in progress the moment your system's conditions are met?

I read about the 3 ducks system somewhere - it is somewhat similar, the only indicator is 200 SMA, you watch 4hr, 1hr and 5 min charts. the setup: price is above 200 SMA at both 1hr and 4 hr charts. Enter long as soon as price goes above the 200 SMA at 5min. Opposite for short trades.

Do I get it right that you use the system to trade all pairs, provided the setup terms are met, or do you think it works on some pairs and does not on others?

Looking forward for you further explanation of the system (as mentioned in your 1 post). Thanks.

03-03-2008, 07:21	#8
MidnightRun level 2 Join Date: Sep 2003 Posts: 170 Downloads: 0 Uploads: 0 Rep Power: 0	Re: OzFx System :) 100-800 Pips Per Trade Hi OzFx, Entering on the open of the candle is not quite clear: a candle may open above 200 SMA (or AC) and then sharply go up/down. Do you enter while the move is still in progress the moment your system's conditions are met? I read about the 3 ducks system somewhere - it is somewhat similar, the only indicator is 200 SMA, you watch 4hr, 1hr and 5 min charts. the setup: price is above 200 SMA at both 1hr and 4 hr charts. Enter long as soon as price goes above the 200 SMA at 5min. Opposite for short trades. Do I get it right that you use the system to trade all pairs, provided the setup terms are met, or do you think it works on some pairs and does not on others? Looking forward for you further explanation of the system (as mentioned in your 1 post). Thanks.