Fozzy EA (The Fozzy EA) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources

EAcpu | 2 reads | 0 comments | 2026-05-03

Attached is an EA for the Daily Fozzy method. The method is described below: http://www.forexfactory.com/forexfor...ead.php?t=7984.

This EA is jointly developed by tradeigel and stockwet.

This EA has the following features:

Automatically open a new order if the conditions for a given currency are met (only one order is allowed to be opened at a time per currency pair.)
Traders are allowed to take all crossovers, or only those that also meet the Bollinger Bands midline criteria.
Traders can specify the lot size to trade.
Stop loss is automatically set to the previous bar's high or low value (depending on the trade direction).
SL can be optionally set according to BeachBum's ATR method.
Traders can specify a stop-loss "buffer" that will place the initial stop above or below the high or low by a specified number of pips (taking into account double touches, spreads , whatever.)
When the specified number of points is reached, the stop loss will move to the break-even point.
The trailing stop function can be enabled. Traders can specify when to activate the trailing stop and the trailing amount.
The maximum TP amount can also be specified.
The EA sets the magic number to 7984 (the same as the Fozzy thread ID) so that the EA does not affect other transactions of the same currency.
The EA does not hardcode the daily timeframe, allowing Fozzy to be run or tested on other timeframes.
The EA can send alerts to emails when valid signals occur.
Live trading can be disabled in the EA itself.

Possible future features:

Ability to withdraw part of profits on specified targets
Others?

The latest Fozzy EA will always be posted on the first thread to ensure it is easy to find. If you have any bugs, questions, suggestions, etc. please use this forum. If you have questions about the method itself, please see the main Fozzy thread in the discussion forum (see link above.)

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:: Sep 29, 2006: Changed okToCheck to only support trading at 00 GMT if the Use_00_GMT variable is set to
Yes. Otherwise, the trade will be opened on the new bar.
:: 9-30-2006: Added parameters for specifying MA methods. EMA is now used by default.
:: 10-2-2006: Added the ability to set SL based on the ATR(10) method, as described by BeachBum
:: 10-3-2006: Added functionality to withdraw partial profits at specified levels. The user specifies the batch quantity to be taken out.
Currently, this function only supports a single partial profit withdrawal. See if there are many orders
Equal to the lot value. Therefore, you can "cheat" the EA by modifying it to obtain additional partial profits.
The lot value is equal to the current remaining open order lots and resets part of the profit value.
:: 10-9-2006: Added alert function when crossover occurs. Also added Trade_Live parameter to turn live trading on and off.
:: 10-17-2006: Bugfix: TP amount set to 0 on B/E and Trailing Stop functions.
:: October 23, 2006: Bug fix (v2.2): RSI MA values in EA were not calculated correctly. Added the ability to include test information as annotations in the chart window.
:: October 24, 2006: Added EA version. Fozzy 2.1 is an old version and the calculations are incorrect, but the EA results are positive. Fozzy 2.2 includes calculation fixes.

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