The Force 5min system

Hey Chow it has been fun and informative readind your and FJs potst for the last 2 hrs......I must say, I am learning!

...could be an interesting US, Ezzy. All being well she'll open up after the BoE announcement due in a few mins.

...lots to learn from FJ. Good guy.

Not staying up Chow, it's 11pm in Sydney and I need to get up to work tomorrow morning. Regarding FJ, I can't wait for what he will teach us next week.

Nite m8. See you around.

See you tomorow Clown, we'll have more fun then!!

...nice.

Came within a few pips of the TL before BoE....another nice call.

Hi,

I just tried my 1st trade on this system, made 50 pips shorting GBP/JPY (broke the eur/usd rule) at 1250 GMT. Thanks!

Nice 1st trade ...mind posting your chart?

Can anyone be kind enough to make an alert for this system according to EMA cross, MACD and stoch meets the requirement ? I always miss some of the trades while i was doing something else. I hope by making more trades, i can better understand how the system behaves in different situation.
Thnx

My USD/JPY TF5M chart showed differently. What's your server time?

I can't suggest strongly enough that you don't do 'something else', and pay attention to the business of trading, at least it is if you want it to be profitable, particularly on a 5m chart. This IS a business and it needs your attention.

All crossovers only alert you when the next candle forms. So many times my experience is that they may get you into the trade too late. That's just my two cents for what it's worth.

I made some pips here, is this a valid entry with this system?

...looks fine to me Nice one.

Hi,

If i may ask, do we take the trade if Stochastic cross below 80 or above 20?

How do we intepret MACD colored v105?

Is it mine or does someone else notices that there system slows down big time when the MACD colored v105 is added to charts. I guess this indicator is tacking up a lot of resources on Meta trader. I say this because when I change time frames from 5min to 15 it take quite a long time to do so. Also if I want to see some other chart it takes a long time to charge charts

Is it just me or someone else having the same problem?

Peace

Yes! I was going to post about this. It's so bad I dumped it. It's calculating stuff for Philip Nell's method which we don't want.
I'm looking at the two attached. They are earlier versions that do the colour change thing (I think)

R

For the poeple who have been trading my system since its first post and have a good grip on the basics can now kick it up a notch. Whats changed from the basic rules is that we will no longer wait for the stochs to come out of the oversold overbought area. Instead where going to add in daily, weekly and monthly pivots combined with trend lines. How does this effect the strategy. It give the oppritunity to now trade failures or bounces of minor and major support and resistance. How does this work? When the price approaches a major or minor support or resistance we wait for the price to fail to clear it. Then we wait for a stoch cross, macd and MA signal to occure in the direction of the bounce. Again exit is based on reversal patterns and price action. A quick tip about support and resistance and pivots. The large the time frame of these items means the more powerfull support and resistance. Always wait for the bounce to occure and a confirmation of the indicators and a closed bar with the confirmation before you enter the trade. Lot size will be dertemined by account size at 1%. To calculate take your account size calculate the 1%. Take the sum and devide it by the number of pips from the low/high to close from the signal bar and now you have the proper lot size for your trade. Even if your in demo status you should practice this for proper MM. Everyone should take a good 15min before they start trading to draw they trend lines. First take you 5min chart and zoom as far out as you can and make the connections. Then zoom in one level and do the same. Keep zooming in till you get them all bearish and bullish. Then once your done make sure you know where all you pivots are for the daily weekly and monthly. After thats done, double check everything. Then once thats done check it again. Then sit and wait for a trade. Watch everything the price is doing and get to know how the pair moves. Everytime the price moves theres a reason behind the movement, be it technical or fundamental. With all these SR lines and pivots what you have is information telling you whats happened and whats likely to happen. You also now have the advantage of looking at what the pros are prob looking at. The pros handle the big bucks. The big bucks make the big moves. Included by attachment is a pivot indicator. Set daily, weekly and monthly to true.

Details
Name: The Force
Pair: Eur/Usd
Time: 5min
Sessions: Any, but I only trade during the assian and euro session.

Indicators
MACD: 12,26,1 ( 1 means nothing )
Stochastic: 5,3,3
EMA: 5 to the close
EMA: 5 to the open

*no trades during news times*
*Risk is set to 1%*
*Take profit is random based on market conditions but ill usually cash out based on reversal patterns.

Trade signals are only confirmed on closed candles/bars.

Buy Signal
a) When the stochastic crosses in bullish divergence and is not ovebought
b) The MACD closses higher than the previous time interval
c) The Signal candle/bar closes higher bullish
d) The 5 ema to the close has crossed the 5 ema to the open

Stop Loss is the low of the previous candle or 20 pips but 20 pip min.

Close is based on price action.

Sell Signal
a) When the stochastic crosses in bearish divergence is not oversold
b) The MACD closses lower than the previous time interval
c) The Signal candle/bar closes lower bearish
d) The 5 ema to the close has crossed the 5 ema to the open

Stop Loss is the high of the previous candle or 20 pips but 20 pip min.

Close is based on price action.

FJ

Do you need both (1) stoch lines to have crossed the 80/20 lines or just the %K stoch (2) ?

R

Rorieu,

Thanks for this. I just took the first one I could find of mql4.com. The v105 also slows my system.