The Force 5min system

Welcome to the thread WK, glad you're getting results with The Force.

The error you got is caused by placing UpdateStops in the wrong folder. It goes in the experts folder, not the experts\indicators folder. Move the UpdateStops.mq4 and UpdateStops.ex4 up to the experts folder and restart MT4. You'll then see it appear in the Expert Advisors list in the Navigator window.

Hi Pip, The 'switch' you refer to is when the SL was moved up to BE (breakeven). That occured when chart price had moved 20 pips above your buy price. Have a look at your terminal window and you will see when SL price equals your trade entry price. (You can adjust this trigger with the MoveStopTarget setting)

This EA does not take profit. I use the Take Profit functions built in to MT4.

You can lock in some profit when the SL is moved to BE. Adjust the user setting MoveStopProfit above zero to say 5. I don't do this because I find I get stopped out on that BE+5 line too easily. It is there if you want it.

Hi Robdee I was able to set the EA to take profit b4 the buy line if the trend reverses. I'll be trying 10pips. This is just just the EA for the force5M system, As simple, intelligent, and profitable as the force5M system itself

Thanks to Forexjedi for the system in the first place And Thank you Robdee for The EA. I have learnt so much from you guys and the thread generally
Thanks guys. This is the best thread on FF

robdee, I have a few questions about your alert indicators. Before I ask, I am just learning The Force and forex in general. I am following the basic methodology currently, and go through my trading periods using it on a demo account. When I have time to "back chart" it, I do so. After I've compiled my marks (I use a check mark on each indicator only "pulling the trigger" when I have 4 checks.) and am reviewing the day I then attach your alert indicator to the chart to "double check" my analysis. They bring up the questions:

1) I notice I have lesstrigger pulls than your indicators. The main reason seems to be that I don't give the Schols a check unless they cross the 20/80 line within the last 3 bars. (I stack the MACD_Colored_v102 and the Sto in the same window). Your indicators seem to trigger whenever they are in between the 20/80's "tracking" in the direction of the trade.

2) Your indicators always come one candle after my check marks. I'm not sure if this is my "mistake" (As soon as the candle which verifies the data (bullish higher close or bearish lower close) I pull the trigger anywhere in the next candle (though I do try to "steal" a few pips.), aka it is telling me the same thing and the indicator "goes" off on the close of the candle, or if I should be waiting an additional candle.. Since I don't actually use the indicators live, I'd like to be able to verify.

At first the forex lingo and charting had me "doe eyed", but working with The Force for about a week, I'm beginning to see what folks are "talking about".

Thanks in advance for any answers, tips, advice, and I'll try answering any questions if I'm unclear in my terminology.

Murte, Welcome to The Force.

If you are getting less 'trigger pulls' than alerts then that is a good thing! When Vantage and I were creating AudioAlerts we made the decision to include all candles where the indicators line up. The trader has the responsibility to decide if it is a valid signal. If ForexJedi had stated that the stoch must cross the 20/80 line within the last 3 candles (as you say) then we would have included that, he didn't say that so we didn't do it. Remember this is only an alert to pay attention, not a signal to take a trade.


Not sure where you are entering. As per the rules, AudioAlerts waits for the candle to close before showing an alert. If you have enabled 'ShowChartArrows' then the arrows are printed immediately after the candle that met all the rules. In other words the arrows are printed on the chart where a trader would enter, that is immediately after the signal candle closes.

Does that answer your questions?

PS There are experienced people in the chatroom who are also able to answer questions. Something to keep in mind if anyone here needs a quick answer for something.

After taking a break from trading, i will post some of my trades of today. Comments please.

Trading Log

1st Trade of the day:

A bounce of Upper TL dating back 19th Jan. Took profit +20pips before Daily Pivot.
Defensive Play for 1st trade of the day.

Trading Log

2nd Trade:

Short EUR/USD after Double Top formation at Daily Pivot. DP proving resistance.

Trading Log

3rd Trade

High Close Doji (HCD) pattern at WS2 (pivot) provided a good signal to buy. A perfect bounce of pivot point. And also Force Buy Signal.

Hi Robdee,I like your work....I moved the files and all is working OK now.Why didn't I think of that.I love MT4!Thank you.WilsonKay.

robdee,

Thanks for the reply. The Schols in the last three bars is my interpretation of "Schols must cross and not be oversold/bought." Because if the Schols were just suppose to be within the 20/80 field I don't think forcejedi would have mentioned the cross. I may be taking things too literally, but though I can accept losing, doesn't mean I have to like it.

The Alert is going off at the same time I would be pulling the trigger. My checks are made on the "verification candle" and then I pull the trigger on the next candle. In otherwords, when the alert goes off it is saying "trade here", my checks say "trade next candle" which is the same thing.

I'll try getting by the chatroom sponge lurking until something confuses me.

Thanks again for your reply.

Murte, I think it is fine to make your own decisions about what constitutes a valid signal. I do that. What I put in this forum however I am careful to make sure it stays true to ForexJedi's original system.

Just so everyone is clear on this, we asked ForexJedi several times in the chat about the finer points of using stochastics in The Force. If he was available we would ask him again I'm sure.

Stochastic OB/OS restrictions...

Basic sell, both stochastic lines must first close above 80 then cross below 80. This is a stochastic OB reset, now when the other indicators line up it is a basic sell.

Basic buy, both stochastic lines must first close below 20 then cross above 20. This is a stochastic OS reset, now when the other indicators line up it is a basic buy.

How many bars after the OB/OS reset is the signal still valid ? That is a question we have discussed and we have never decided on a limit. I have seen them occur up to 12 bars, 4 bars, or 2 bars later depending on underlying momentum.

See my post 1425 on this topic...
http://www.forexfactory.com/showpost...postcount=1425

For advanced signals these "OB/OS reset" restrictions are ignored.

AudioAlerts uses the OB/OS reset restrictions for basic signals. It ignores the resets for advanced signals all the same as described above.

See my post 1866 to understand the limitations of AudioAlerts...
http://www.forexfactory.com/showpost...postcount=1866

Keep the Pips!

Thanks for the info, the insight, and the explanation. I like the tool as an analysis analyzer. So I have to defend my decison not to trade on/near an arrow. The explanation was clear enough, the system "friendly" enough that I luckily have not had to defend a trade that the alerts did not signal.

I do draw trend lines pretty much daily, but want to make sure I have the basic system down pat before kicking it up a notch.

Once again thanks to you and Vantage for the fine tool(s) and to forcejedi for sharing the system.

Welcome to US afternoon, the "sleepy session" - yeah right!

Yesterday and today price had been finding support on wS2 1.2857. Therefore it wasn't too much of a surprise when the euro followed the US stocks rally up from a solid base of support.

London Close 17:00 was a new week low, this prompted the question "Will it bounce now?" The answer was a small H&S pattern, wS2 continuing to support, and an advanced force buy candle at 17:55. Note that it took one hour from the new week low until the signal to buy appeared.

I waited another 25 mins to enter at 2860 so that I could get my 20 pip stop below the right shoulder of the H&S pattern.

The bulls woke up at 2:30pm ET and my initial target of 40p was quickly reached. Holding the trade while candles were staying above the emas took price up another 200 pips in 2 hours. I was glad to bank my 200 pips when a hammer formed at 4:30pm ET.



Lessons I learned...
This was yet another great example of a classic slow motion bounce pattern from a new extreme low. Patience pays because once macd has flipped positive the rally starts for real. Watching the two emas kept me in the trade even during the choppy PA as the exisiting TL was breaking.

ForexJedi your system is a trend following Monster!

Hi robdee, Nice trade shown there, Pls can you give me the link of the audio alert, I missed it.
Thank you

Current version is at post 1897...
http://www.forexfactory.com/showpost...postcount=1897

Thank you downlosded it. should I enable download DLL in the common settings or is it ok at default

I saved it in the indicators folder, I hope that is the right place or is it meant to be in the experts folder, I'm asking because I dont seem to notice the audio alert on my chart, Hope Im not too much of a bother

Ok Alert pops up but doesnt make any sound, I almost did'nt notice it, Isnt this supposed to be an audio alert, what went wrong, why dont I have audio on alerts and how do I fix this

Hi,

Is anyone able to make an EA to open close trades ect based on Robedee audio alert indicators properties. For example intead of the EA robdee has created that sends an audio alert when a setup occures have the EA open a trade in the direction of the signal. If this is possible can the EA have the following criteria. The alert EA is posted below. The criteria for the EA closing a trade could be based on a complete opposite signal or the price hitting the TP or SL.

-adjustable lot size
-trail stop
-SL
-TP

Many Thanks,

FJ

Pip, without more information very hard to say what's happening. No one else has ever had this problem. Do you get all other sounds, music playing on your computer?