226# Fozzy Method Trading System

Submit by Janus Trader

 

Time Frame Daily

Currency pairs:any

The rules we set for entry are very simple. We look for when the RSI crosses its

moving average. Picture illustrates when a trade is on. 

 

We BUY when RSI crosses themoving average from below (green box and line) and SELL when it crosses fromabove (blue box and line). It is vital to note that a cross is only validated after the

daily candle has closed. We don’t take a trade on the day when the cross has formed

as it may disappear later in the day.

We enter the trade as soon as the new candle is formed i.e. at the opening

price.

 


Exit

One, and a powerful one which has proved very effective for me, is using a

percentage of the ATR (Average True Range). The ATR shows numerically howvolatile a currency has been recently. A small ATR (30-50 pips) shows the daily

ranges have been small, this currency pair is moving very little.

A higher ATR (100-

200 pips) shows a currency pair on a rollercoaster ride, either in a strong trend or

ranging wildly.

Obviously for a high ATR we need a bigger stop to give the trade some room to

breathe. (for more see pdf)


In the picture Fozzy Method forex system in action.

 

Fozzy Method Forex Trading System

Fozzy Method
Forex Trading System
Fozzy Method.zip
Compressed Archive in ZIP Format 860.1 KB
Fozzy Method
Fozzy Method

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