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The Force 5min system

  • #2,061
  • Edited 9:26pm Jan 21, 2009 9:14pm | Edited 9:26pm
My programming knowledge is limited, but i would like to add to FJ's post above:

- The EA would work well on Advanced AND Basic setting, to trade the break of the high/low of the signal bar. So for a long, break of the high +1 (spread included), and a short, break of the low -1. If doesnt break in 3 bars time, signal is gone, wait for next signal.

- Option to have the EA close half the position @ (x) pips... you could adjust this to your liking... and trail the stop to entry. Second half off at opposite signal.

Have a look at on your charts. Looks good in the long run. Would be AWESOME if we could get an EA on this.

Quoting forexjedi
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
"If it bleeds ... we can kill it"
  • #2,062
  • Jan 21, 2009 9:19pm Jan 21, 2009 9:19pm
Quoting forexjedi
Is anyone able to make an EA to open close trades ect based on Robedee audio alert indicators properties...
Dear FJ,

I have written several trading-bot EAs for various strategies but I have never wanted to for The Force for two main reasons...

1) The Force is a price action training system, trying to automate it would be a major distraction from the purpose of this system. You have given us a system of basic, advanced, and expert that trains our eyes and our minds to understand price action intuitively. Nothing else I have ever done has given me that.

2) There is a large discretionary component in trading The Force signals profitably that cannot be programmed into an EA. PA around TLs and Pivots is much more an art than a science.

If you are serious because you want some statistics on number of signals that succeed/fail or something like that then I know the AudioAlerts code inside out and am best qualified to embed this into an EA to be used for gathering those stats.

Please tell me what you want from this and I'm sure we'll figure it out. RD
  • #2,063
  • Jan 21, 2009 9:34pm Jan 21, 2009 9:34pm
Rob,

I want this EA for a few reasons.

1. to gather stats on longs vs shorts
2. to set when you know a trade is approaching to take the emotional factor out of not taking a trade that could prove to be extrememly profitable.
3. Im experimenting with adding the force to a long term momentum strategy in development which reduces the risk of lost trades even more than the current stats. Also id like this EA if it can be developed to have the standard TP. 50% at 10 pips, 30% at 20 pips then and open TP for the remaining 20%.

Please keep in mind that by any means can the force be a set and forget strategy where you can just plop in EA in you MT4. Im sure most people have learnt this already by now.

FJ


Quoting robdee
Dear FJ,

I have written several trading-bot EAs for various strategies but I have never wanted to for The Force for two main reasons...

1) The Force is a price action training system, trying to automate it would be a major distraction from the purpose of this system. You have given us a system of basic, advanced, and expert that trains our eyes and our minds to understand price action intuitively. Nothing else I have ever done has given me that.

2) There is a large discretionary component in trading The Force signals profitably...
Stacking pips since 2002
  • #2,064
  • Edited Jan 22, 2009 12:13am Jan 21, 2009 9:41pm | Edited Jan 22, 2009 12:13am
Sounds good,

I like the profit taking schedule you mention. The reason i want this is exactly the same, sometimes you just know there is an awesome opportunity coming up (to short a corrective move for example) and en EA would make the execution seamless. Slippage would become less of an issue (arising from broker requotes, and not hitting the trigger soon enough) and if you know you may be distracted (other work, for example) it would be good to aply it while you arent watching the screens closely.



Thanks for everything Robdee. Impressive stuff.

Quoting forexjedi
Rob,

I want this EA for a few reasons.

1. to gather stats on longs vs shorts
2. to set when you know a trade is approaching to take the emotional factor out of not taking a trade that could prove to be extrememly profitable.
3. Im experimenting with adding the force to a long term momentum strategy in development which reduces the risk of lost trades even more than the current stats. Also id like this EA if it can be developed to have the standard TP. 50% at 10 pips, 30% at 20 pips then and open TP for the remaining 20%.

Please keep in mind...
"If it bleeds ... we can kill it"
  • #2,065
  • Jan 21, 2009 10:03pm Jan 21, 2009 10:03pm
hi there,
one question. do i have to load the indicators on page one into my
mt4 experts/indicators file?
where can i find the template

thanks
piptiger
  • #2,066
  • Jan 21, 2009 10:30pm Jan 21, 2009 10:30pm
Quoting robdee
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?
Okay I forgot I had my head set plugged into my computer to make some pc to pc calls previously with out unplugging the head set the sound was ofcourse muted on the external speakers, Everything is perfect now. Thank you.
Add value everyday in Pips
  • #2,067
  • Jan 21, 2009 11:46pm Jan 21, 2009 11:46pm
Robdee,

I was hoping that you could clear something up for me. Im not sure why the AudioAlerts indicator didn't print an arrow for this recent move lower. Could you (or anyone else who knows) explain why?

Much appraciated.

Regards,

MM
Attached Image (click to enlarge)
Click to Enlarge Name: ffff.jpg Size: 110 KB
"If it bleeds ... we can kill it"
  • #2,068
  • Jan 22, 2009 12:12am Jan 22, 2009 12:12am
Here is an updated shot. I caught the short, as you can see from my first post, however i thought that we should have had a down arrow based on the advanced sell signal conditions being met...

Is this just me?

Cheers,
MM
Attached Image (click to enlarge)
Click to Enlarge Name: ffff.jpg Size: 111 KB
"If it bleeds ... we can kill it"
  • #2,069
  • Jan 22, 2009 2:17am Jan 22, 2009 2:17am
Quoting Ari Gold
however i thought that we should have had a down arrow based on the advanced sell signal conditions being met...
Ari, you're right 5:15 gmt met all the conditions and a red sell arrow printed here on 5:20 gmt. Arrows missing says to me the buffers are wrong, remove the indicator from the chart and re-attach. RD
  • #2,070
  • Jan 22, 2009 4:05am Jan 22, 2009 4:05am
Hi guys my I dont have arrows on my chart like you guys do, can any one tell me what I didnt do or what I need to do for the arrows to start showing thanks. My audio alert and other things are okay
Add value everyday in Pips
  • #2,071
  • Jan 22, 2009 5:37am Jan 22, 2009 5:37am
Quoting Pip-Stud
Hi guys my I dont have arrows on my chart like you guys do, can any one tell me what I didnt do or what I need to do for the arrows to start showing thanks. My audio alert and other things are okay
In the options under show arrows. Set it to true.
Chance favors the prepared mind...
  • #2,072
  • Jan 22, 2009 5:37am Jan 22, 2009 5:37am
Quoting Pip-Stud
Hi guys my I dont have arrows on my chart like you guys do, can any one tell me what I didnt do or what I need to do for the arrows to start showing thanks. My audio alert and other things are okay
Hey bro,

Last parameter in the indicators 'inputs' tab is showarrows - true/false. Change this in the properties and you'll be sweet.

Cheers

MM
"If it bleeds ... we can kill it"
  • #2,073
  • Jan 22, 2009 6:19am Jan 22, 2009 6:19am
Quoting robdee
Ari, you're right 5:15 gmt met all the conditions and a red sell arrow printed here on 5:20 gmt. Arrows missing says to me the buffers are wrong, remove the indicator from the chart and re-attach. RD

Robdee,

Hate to be picky, cos you've already done a great job... but reattached and tried on several different feeds and platforms... still no arrow at that point in time. Only reason im questioning is cos i want to remove indicators from my chart and rely on this indicator alone for the alerts...

Thanks in advance for any help...

MM
"If it bleeds ... we can kill it"
  • #2,074
  • Jan 22, 2009 9:44am Jan 22, 2009 9:44am
Thanks very much I knew I could count on you guys
Add value everyday in Pips
  • #2,075
  • Jan 22, 2009 10:22am Jan 22, 2009 10:22am
1
http://s43.radikal.ru/i101/0901/cd/db924125edaft.jpg
Attached File(s)
File Type: mq4 Stoch_cross_signal.mq4   5 KB | 708 downloads
  • #2,076
  • Jan 22, 2009 11:41am Jan 22, 2009 11:41am
Quoting Ari Gold
reattached and tried on several different feeds and platforms... still no arrow at that point in time
MM, I wish I knew why that particular arrow is missing on your chart. I use IBFX Demo as the standard for charting The Force. I switched away from my broker for charts when I observed several times that the signals are more reliable on the IBFX data feed.

Attached Image
  • #2,077
  • Jan 22, 2009 3:23pm Jan 22, 2009 3:23pm
Quoting robdee
MM, I wish I knew why that particular arrow is missing on your chart. I use IBFX Demo as the standard for charting The Force. I switched away from my broker for charts when I observed several times that the signals are more reliable on the IBFX data feed.

Attachment

Cool mate,

Im with FxPro, and they have been really unreliable lately as far as feed and execution goes. I'm gonna give IBFX a try, since im not going to be executing with FxPro anymore.

Can i ask who you deal through? Ill be with Oanda till i can get a Dukascopy / Hotspot account i think.

Cheers, and good luck for the trading day. Top weather here in Auckland!

MM
"If it bleeds ... we can kill it"
  • #2,078
  • Jan 22, 2009 6:50pm Jan 22, 2009 6:50pm
Quoting Ari Gold
I'm gonna give IBFX a try... Can i ask who you deal through?
OK with IBFX demo account for charting only I don't deal with them directly, I just connect to their demo server.

I download the plain vanilla MT4 from Metaquotes here...
http://www.metatrader4.com/files/mt4setup.exe

After installing MT4 I unzip the IBFX .SRV file (below) into the MT4\config folder. This allows me to open accounts directly on the IBFX server using MT4's 'File.Open an Account' menu option.

This works with any broker's version of MT4.
Attached File(s)
File Type: zip InterbankFX-MT4 Demo Accounts 2.zip   < 1 KB | 851 downloads
  • #2,079
  • Jan 23, 2009 1:27am Jan 23, 2009 1:27am
Hi all,

Just wanted to get a check on my set up of my chart,

EMA (on GFT I have DEMA and TEMA I'm using DEMA) open set at 5 (red)
EMA close set at 5 (grey)

Macd 12,26,1

Stochastics 5,3,3 fast K not visible only K and D

I'm going to give this a go as I normally trade Patterns from the Hourly and was looking for a simple method to fill the gap when I'm waiting for a set up. and this is appealing to me. So I want to make sure I have it set up right.

Any help would be apreciated

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Force 5 Chart.jpg Size: 197 KB
  • #2,080
  • Jan 23, 2009 1:40am Jan 23, 2009 1:40am
Just so I know I'm understanding the system could some one tell me if this was a trade, base on what I've read I believe it was and looks like its going to run.

Cheers Big Weir
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Force 5.jpg Size: 184 KB
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