OzFx System on Hourly Time Frame

First of all, if you haven't heard of the OzFx system, you can go here or here. Or if you want to see my addition for the system go here. So the system use Bill Williams oscillator indicator for entries in Daily time frame. I made an observation on GBP/JPY Hourly time frame with some changes on the setup.

I remove the Stochastic, add Heiken Ashi Smoothed (HAS) 2,2,3,2 and 5 LWMA. Entry when HAS, AO, and AC agree. Download the MT4 template here, paste it in your MT4 templates folder and look at GBP/JPY 7-18 January 2008.

Here is the sample. Yellow arrows are the entries. Entry at the open price of the candle. I try to target 35 pips and 200 pips for each signal with moving SL every 50 pips. Initial SL is 50+spread. The result from 7-18 January is very good, +2471 pips. Total signals in 2 weeks are 30 signals, 3 lose and 27 win. I haven't test it further so may be it was just a very good week:P

Now, below is the sample for re-entry. After the SL is hit, wait for the indicators to mix up (see gray shaded box on the picture) and then re-entry at the next signal. Once again this is just 2 weeks test so I don't know yet if the re-entry rules can be apply in other condition, but this is an idea:)


The OzFx also has the system for H4 time frame called Squeeze-More. By the way you can download the Heiken Ashi Smoothed here. And I will try the system both Daily and the Hourly starting tomorrow. Hopefully we can see good results.. :) Have a nice day..