The Force 5min system

P,

You are more than welcome to join us. See you in the chat tonight. Ill be in at my usual time of 12am est.

FJ

Hi,

First things first, nice username! Second, I appreciate the complements on my system. With enough practice loosing pips will be something you used to experience and nothing more. Give yourself an honest 6 months with my system and im sure youll never look back. Good luck (even though luck has nothing to do with it).

FJ

I'm sorry if this question seems outdated, I tried to look for any pointers in the thread but was overwhelmed by the massive info overload.

Would someone kind enough to enlighten me with the following;
On attachments in the 1st post, I'm still not sure which folder I should copy them in the mT4:

1. b-block modified.mq4
2. information.mq4
3. pivot points multiframe.mq4 -on this one I suspected it's an indicator, and already copied it in the indicator folder. It showed the TL's, pivots from Monthly,Weekly to Daily. However, the TL's doesnt show in the TF faster than Daily. This means missing in our M5? It's supposed to be like that or did I miss something?

and oh ya..

Rob's AudioAlerts.mq4?

Thank u for ur guidance..

From my heart i love force and will be commited and devoted to it and will definately be the asset for force group.

I like this system mainly because of its (avg pips per month/ max drawdown) ratio being greater than 10 and over all a easy nice setup as my work i have red from post 1-127 your every single word and grasped it well and also started practising on stimulator at speed 17 to gain back experience

my basic is over and other concepts are pinpoint clear as i love T.A From the time i was 20+

I will be in chat room for learning the best and then helping other force players.

"" Positive attracts Positive"

Follow basic steps:

1)goto first page of the thread :get the required indicators given there by fj
+ other helping indis by rodbee,kinone

2)save them in mt4\experts\indicators

3)then save the force template mt4\template

it will b better if you first use basic force rules on stimulator

then be regular in fj chat room there are many senior force players there trading force advance live.

Thanks for the reference, FD. I'll do just that.

I just need to get the necessary Force trade set up correctly.

Then, will hang in the chat to get the feel of the live trading and then I'll just let the Force flow and take over..

Salam

A central pivot is simply the average price from the previous time period.

DP = Daily Pivot = previous day's (High + Low + Close) / 3

The reason we get different values from different brokers is because they close off their daily candle at different times. This means the Close value above differs. If everyone in the world could agree to close off their daily candles at the same time (0:00 gmt for example) then the daily pivot would be the same for everyone.

Weekly and Monthly pivots are of more interest to large institutional currency positions and therefore are stronger areas of potential support and resistance.

WP = Weekly Pivot = previous week's (High + Low + Close) / 3
MP = Monthly Pivot = previous month's (High + Low + Close) / 3

Again the same situation occurs for weekly and monthly pivots. Because different data feeds close the week and month candles at different times the Close value is somewhat different and that affects the pivot calculation.



R1 R2 R3 are pivots calculated above the central pivot hence R meaning resistance or rather 'above'.

S1 S2 S3 are pivots calculated below the central pivot hence S meaning support or rather 'below'.

The range is used for this, that is the previous time period's (High - Low) = range. If the range was wide then the pivots that follow are wide apart. If the range was narrow then the pivots that follow are close together.

The M5 M4 M3 M2 M1 M0 pivots are midpoints in between the calculated pivots.

This gives a sequence from top to bottom as shown here.

R3
M5
R2
M4
R1
M3
Pivot (central)
M2
S1
M1
S2
M0
S3

Another reason that pivots often differ is the variety of formula used in the calculations. I use the simplest most standard formula that I can because I believe it is used by more analysts. More analysts = more volume = more probability of significant reactions.

r3 = pivot + (range * 1.5)
r2 = pivot + range
r1 = (2 * pivot) - l
s1 = (2 * pivot) - h
s2 = pivot - range
s3 = pivot - (range * 1.5)

The midpoints are simply half way in between the other lines...

m5 = (r3 + r2) / 2
m4 = (r2 + r1) / 2
m3 = (r1 + pivot) / 2
m2 = (pivot + s1) / 2
m1 = (s1 + s2) / 2
m0 = (s2 + s3) / 2

These pivot levels are good at highlighting potential support and resistance areas but there is no way I can include all the major pivot variations on my chart. Therefore one of the unique benefits of trading with The Force chatroom is I am notified by other traders where their pivots levels are. This quite often helps me understand price action that does not correspond to my own pivots.

As my personal trading style has become longer term I have placed less and less value on the daily pivots. I only have weekly and monthly pivots automatically drawn on my chart. I do make note of various DPs as they are disussed in the chat.

I hope this post helps to De-Mystify pivots. They are an old and simple form of TA giving a rough average of the previous period's price action.

As usual well explain . All your post are very valuable all the times.
I think you deserved big Thank you my friend!
Regards
Jack

where is this chat you guys are speaking of?

see post#1

thanks

Awesome FJ, it hit 1.3600 like you said

One word when describing the chart below. "Damn". The price finally hits then passes the 3600 level. Lots of pips and a good rush. I personally am happy the holidays are over because I was starting to jones for that feeling and got my first fix since before xmas. Im a junkie for mega pips what can I say. Hope all were involved in this move and held till 3600 as I mentioned in the chat yesterday. I see the 3200 level in the future of this price. Possibly by the end of the week at the latest.

FJ

Yeah, target 1.3300 and 1.3200. Anyway, get well soon FJ.

A bounce of lower TL combined with basic Force Buy Signal.

Quoted "Original basic signal could have been stopped out, so it paid to wait for pullback because of big candle"

P.S : Please ignore the BUY order done there, it was on Demo to gauge how hard the pullback candle was. Notice the bear candle did not close below the previous big bull candle.

Hello FJ,

A stupid question : the indicators that you have provided in post #1 are mq4 and not ex4. Does it mean that I must compile them before using them??

Thanks

HBS,

There are no stupid questions if you need information. mq4 files are MetaTrader 4 source files which can be read and/or changed using the MetaEditor facility. MetaEditor can be started separately or within the MetaTrader platform. The mq4 file must then be "compiled" by the MetaEditor to create ex4 files which can then be executed by MetaTrader 4.
NOTE: Unless you know MQL4 programming language, just use the MetaEditor to open the mq4 file, compile it and then close the file.

FSC

Simply,

Exit the program and place your files in the appropriate folder. Metatrader will compile them automatically when you restart the program.

Cheers!

I find its importent recognizing which trendline the price will prob bounce off when we are moving it as price moving. If we enter with a wrong frendline we will be burned. So how do you solve this guys?

Jedi,

A Force "Expert" system hypothetical:

Bearish price descends on a lower, long term TL. It pushes that TL 25 pips, dislodging the old confirmation point, before stopping and bouncing 25 pips. Then it retests the new confirmation point and fails, turning into a Pamplonan frenzy.

How much of a push are we willing to see as a 'push', before calling it a rejection of the credibility of that TL? 10, 20, 30 pips? Or does this not matter so much... is any sized push okay so long as price fails a retest of the new TL confirmation point?

(Or is this just one of those damned discretionary, case by case, know your pair and time frame things?)

Your thoughts appreciated.

VBro