Fozzy Method, Definition

The Fozzy Method is a forex trading system using daily charts and an RSI/Moving Average crossover.

The method uses 8 period RSI with an 8 period exponential moving average layed over it. Average True Range is employed to help estimate exit levels. The entry signal occurs when RSI crosses it's moving average. When RSI crosses it's moving average from below a buy signal is generated, when it crosses from above a sell signal is generated.

The trade must be validated with the close of the daily candle - the trade is not entered on the day the cross occurs as it may disappear later in the day. The trade is entered at the opening of the new candle.

See: Fozzy Method Ebook

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