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The Force 5min system

  • #1,061
  • Nov 17, 2008 12:56pm Nov 17, 2008 12:56pm
In such a choppy market we should wait for the perfect setup. Stochs were not overbought....

Quoting eddiegrey
ugh...s/l -12 pips I felt bad about that one from the start. I hate it when price starts doing this crap.
  • #1,062
  • Nov 17, 2008 1:00pm Nov 17, 2008 1:00pm
Quoting sirogreness
In such a choppy market we should wait for the perfect setup. Stochs were not overbought....

Lesson learned on that one! Thats why I'm demoing.
  • #1,063
  • Nov 17, 2008 1:08pm Nov 17, 2008 1:08pm
Is there an alert/alarm setting that would go off when Stochs cross into overbought/oversold??? That would be super handy when price starts doing this.
  • #1,064
  • Nov 17, 2008 1:22pm Nov 17, 2008 1:22pm
there is one out there somewhere. Try and google it....

Quoting eddiegrey
Is there an alert/alarm setting that would go off when Stochs cross into overbought/oversold??? That would be super handy when price starts doing this.
  • #1,065
  • Edited 2:02pm Nov 17, 2008 1:30pm | Edited 2:02pm
FJ

Wasn't following the thread real time , catching up now...

Why was this not a valid entry? A useful 23 pips before the W pivot which had no effect anyway and a potential 50 or even 90 to the top??
Attached Image (click to enlarge)
Click to Enlarge Name: MO17.gif Size: 55 KB
  • #1,066
  • Nov 17, 2008 1:55pm Nov 17, 2008 1:55pm
It was a valid trade and a good one. Jurn_e took that trade last night but exited with +5 pips. FJ said it was risky because of all the resistance at the top side. I missed but in live time as I was changing my sons diaper. The only hard part about this system is the discretionary part. We all know the rules but trendlines may be drawn different. The PP are all different right now. So what looks clear to one, may be risky to FJ...but he is the expert so even though this trade ran for 100+ pips, it's safe to listen to him if you are a newbie and still learning. Jurn_e took a good trade and if you got back in the thread, you will see I congratulated him on that trade after FJ said it was risky. FJ, I'm not trying to answer this for you, just giving my point of view because I was wondering why people did not take that trade but it's probably due to everybodys trendlines and pp being so different.

Quoting rorieu
FJ

Wasn't following the thread real time , catching up now...

Why was this not a valid entry? A useful 23 pips before the W pivot which had no effect anyway and a potential 50 or even 100 to the top??
  • #1,067
  • Nov 17, 2008 1:58pm Nov 17, 2008 1:58pm
Quoting eddiegrey
Is there an alert/alarm setting that would go off when Stochs cross into overbought/oversold??? That would be super handy when price starts doing this.
If in the navigator/ Custom indicators/stochastic you right click and 'modify' add in the following:
in the 'extern declarations:
extern bool EnableSoundAlert = true;
and before last return instruction:

if (MainBuffer[1] > 80 && SignalBuffer[1] > 80 && EnableSoundAlert == true)
{ Alert (Symbol()," Stochastic Overbought Price Now at ",Ask," ",Bid);
EnableSoundAlert=false; return (0);}
if (MainBuffer[1] < 20 && SignalBuffer[1] < 20 && EnableSoundAlert == true)
{ Alert (Symbol()," Stochastic Over Price Now at ", Ask," ",Bid);
EnableSoundAlert=false; return (0);}

I just put this into mine, but may need just the MainBuffer rether than the signal to give more time - try it
  • #1,068
  • Nov 17, 2008 2:10pm Nov 17, 2008 2:10pm
Quoting traderray
If in the navigator/ Custom indicators/stochastic you right click and 'modify' add in the following:
in the 'extern declarations:
extern bool...
Great! I'll give this a shot!
  • #1,069
  • Nov 17, 2008 2:12pm Nov 17, 2008 2:12pm
Quoting rorieu
FJ

Wasn't following the thread real time , catching up now...

Why was this not a valid entry? A useful 23 pips before the W pivot which had no effect anyway and a potential 50 or even 90 to the top??
I wondered if anyone was long on that. I kept waiting for a bounce back down, and felt like I'd be breaking the rules to jump in and ride it upwards. Probably should have in hindsight.
  • #1,070
  • Nov 17, 2008 2:16pm Nov 17, 2008 2:16pm
Yeah, in live time it would have been tough if you had a trendline and pp above that point. If not, you would have saw a possible 20 pip trade and you probably would have entered. Oh well, nothing lost, nothing gained. More of those to come I'm sure.

Quoting eddiegrey
I wondered if anyone was long on that. I kept waiting for a bounce back down, and felt like I'd be breaking the rules to jump in and ride it upwards. Probably should have in hindsight.
  • #1,071
  • Nov 17, 2008 2:17pm Nov 17, 2008 2:17pm
Long signal in the making?
  • #1,072
  • Nov 17, 2008 2:55pm Nov 17, 2008 2:55pm
Not a good day for me...I'm just starting using this thread.
However it seems that it could be very effective.

Regards.
  • #1,073
  • Nov 17, 2008 2:56pm Nov 17, 2008 2:56pm
Enjoying the thread. Would like to try this system, but downloaded files are not working in my IBFX demo. Indicators and template freeze my screen when I try to add to 5M EUR/USD. Anyone having similar problem or have any ideas to correct? Thanks.

pipsacker
  • #1,074
  • Nov 17, 2008 3:07pm Nov 17, 2008 3:07pm
Hello Jedi,

I have jut joined recently this treat, and I must congratulate you for this excellent and very simple , profit making system.

Question ; The sytem call for EMA 5 (open and close), but I note that the template you have added to your first post is based on SMA 5. Can you clarify. I guess, we need to change SMA 5 by EMA 5 in the template?
  • #1,075
  • Nov 17, 2008 3:53pm Nov 17, 2008 3:53pm
Things get pretty flat through this time...I'll see you guys tonight at the asian open...maybe a little earlier.

I'm +27 for the day. My goal is 25 so thats awesome! I've learned that my biggest losses are when price startgs getting choppy and I enter in when things are not over bought/sold. Like right now...it is just back and forth...
  • #1,076
  • Nov 17, 2008 3:57pm Nov 17, 2008 3:57pm
Great day! My goal is +20 and I was -4 so I have some work to do but I feel confident that I can turn it around. It's demo but I still treat it like my live account. Congrats on the +27 for the day so far and may the pips be with us later tonight!

Quoting eddiegrey
Things get pretty flat through this time...I'll see you guys tonight at the asian open...maybe a little earlier.

I'm +27 for the day. My goal is 25 so thats awesome! I've learned that my biggest losses are when price startgs getting choppy and I enter in when things are not over bought/sold. Like right now...it is just back and forth...
  • #1,077
  • Nov 17, 2008 4:08pm Nov 17, 2008 4:08pm
Quoting HBS
Hello Jedi,

I have jut joined recently this treat, and I must congratulate you for this excellent and very simple , profit making system.

Question ; The sytem call for EMA 5 (open and close), but I note that the template you have added to your first post is based on SMA 5. Can you clarify. I guess, we need to change SMA 5 by EMA 5 in the template?
You're right! There was an ERROR: the right template is attached below. It has EMA 5.
Regards,
Attached File(s)
File Type: tpl theforce5.tpl   22 KB | 464 downloads
--L
  • #1,078
  • Nov 17, 2008 4:08pm Nov 17, 2008 4:08pm
Hi guys, hope the good trading continues. I am new to Forex and am here to learn. I just started doing the demo thing and hope to learn alot from you all. So far this method looks pretty good. Wish me luck.

May the Force be with you!!!
  • #1,079
  • Nov 17, 2008 4:09pm Nov 17, 2008 4:09pm
Quoting eddiegrey
Things get pretty flat through this time...I'll see you guys tonight at the asian open...maybe a little earlier.

I'm +27 for the day. My goal is 25 so thats awesome! I've learned that my biggest losses are when price startgs getting choppy and I enter in when things are not over bought/sold. Like right now...it is just back and forth...
My goal is between 30-40 daily...am I asking too much??
  • #1,080
  • Nov 17, 2008 4:18pm Nov 17, 2008 4:18pm
I would not say you are asking too much. You are asking for what you would like to see! I will say shoot for it. As you probably have seen, this system can bring in solid pips. Even on the small winners, they still are winners. I had -13, +3 and +6. I eliminate my bad entry which resulted in -13 and I'm almost half way to my daily target. So, I would hope that nobody discourages you from going for 30-40 pips per day. As long as you trade the rules correctly, you will do just fine. I picked a 20 pip daily average because I can live comfortable off that. Does that mean I'm done trading for the day when I reach +20 each day...no...it just means that I would like to average out (of course we will have losers!) 20 pips daily. My advice is keep your target, trader per the rules and see what you get. I'm sure that if you fall short and net +20 pips for a day, you won't be mad!

Quoting Darth Vader
My goal is between 30-40 daily...am I asking too much??
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