Fozzy method of trading

1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the MA has crossed above the RSI.
When RSI is above the middle Bollinger Band. Go short when MA crosses below RSI.

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

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