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The Force 5min system

  • #2,161
  • Jan 30, 2009 10:30pm Jan 30, 2009 10:30pm
Quoting forexjedi
To expand on this, one must know the difference between a retracement/pullback and a reversal. I encourage anyone who has trouble with this to learn all about Fibonacci and his retracements. Two key candles I look for in a good reveral are the "hammer and Hangman". Second thought is this. Never assume the price will do anything. Its not fact until it happens. Always wait for a closed candle/confirmed signal before initiating a trade.

FJ
FJ , when u say Fibs. What timeframe do u use fibs? I presume its not 5min right? H1/H4 ?
Pivot Boss in the making~
  • #2,162
  • Jan 31, 2009 12:09am Jan 31, 2009 12:09am
I dont know anyone notice this or not, or is it just my wrong observations.
I have found that taking trades when stochs cross just right below 80 or just right above 20 is more profitable and certain than taking trades when stochs cross above 80 and below 20.
Pivot Boss in the making~
  • #2,163
  • Jan 31, 2009 6:51am Jan 31, 2009 6:51am
Great post but could you please use the enter key here and there while you're typing? It's difficult after looking at charts for hours to follow along with what you've typed.

It's just one big huge blob of text. LOL


Quoting forexjedi
A couple of thoughts on my mind make me want to make sure I post them here. First thought is this. Do not be biased to one direction when trading in FX. Just because the trend is down/up does not mean it will stay that way. Everyone should take a few hours this weekend and review theyre candlestick patterns. If one can see reversals in formation not only can you save/make more pips but you will be prepared for the reversal move. To expand on this, one must know the difference between a retracement/pullback and a reversal. I encourage anyone who...
Chance favors the prepared mind...
  • #2,164
  • Jan 31, 2009 8:08am Jan 31, 2009 8:08am
I was looking for a pivot indicator that does not use Sunday data to calculate Monday's lines. Luckily, someone has adapted a standard indicator to do exactly that. It uses Friday data to calculate the Monday points and is called "PivotfLines.mq4". All credit due to janklimo on this thead
http://forum.mql4.com/6301

I have attached it here, but renamed it so that it shows up more easily when using the thread paperclip.
Attached File(s)
File Type: mq4 Pivot_Lines_daily_ex_Sundays.mq4   15 KB | 807 downloads
  • #2,165
  • Feb 1, 2009 12:32pm Feb 1, 2009 12:32pm
Hi, I stumbled on this system last week and it was so simple that I wanted to try it.
I used the basic rules on page 1 but adapted it by using support/resistance -lines.
The result was promising: 14 trades; 12 winners, only 2 losers.( on a real account, trading 1 mini lot).

Great work ! keep it up!

This could be my favourit shortterm-system
  • #2,166
  • Feb 1, 2009 4:05pm Feb 1, 2009 4:05pm
FJ,

One here you are telling us to learn all about fibs. Before you said not to use them. How are you suggesting we deploy them into your system?

[ Everyone should take a few hours this weekend and review theyre candlestick patterns. If one can see reversals in formation not only can you save/make more pips but you will be prepared for the reversal move. To expand on this, one must know the difference between a retracement/pullback and a reversal. I encourage anyone who has trouble with this to learn all about Fibonacci and his retracements.
FJ[/quote]
A woman drove me to drink, and I forgot to thank her
  • #2,167
  • Feb 1, 2009 9:18pm Feb 1, 2009 9:18pm
Quoting forexjedi
Move your stop to BE after about 20 pips in profit and let the trade run. Once the stop is BE you have nothing to loose. If the trade falls back to your stop its no big deal just wait for the next train and hop on.
For those who missed it I posted an EA (expert advisor) which moves the stop to BE (breakeven) for you when chart price moves 20 pips in favour of the trade. Or any other target you set.

See my original post 2031...
http://www.forexfactory.com/showpost...postcount=2031
  • #2,168
  • Feb 1, 2009 9:20pm Feb 1, 2009 9:20pm
Jurn,

I will draw fibs on the 5min chart based on previous days high/low. A force signal of the previous days fibs levels are a solid trade if you know how to use your fibs. Also if one draws their fibs on the current days action in the direction of the current trend for the day you will have the same results.

FJ


Quoting jurn_e
FJ , when u say Fibs. What timeframe do u use fibs? I presume its not 5min right? H1/H4 ?
Stacking pips since 2002
  • #2,169
  • Feb 1, 2009 9:24pm Feb 1, 2009 9:24pm
Simple,

You are correct with your comments stated below. Im not suggesting that anyone really use them as they just a self fullfilling prophecy if more than 50% of the market volume is actually paying attention to them at the moment the price reaches the fib levels. If people are going to use them as I see many comments regarding fibs in the chat I would like to make sure people actually know how to use them. One could play a force signal off a fibs level the same as a bounce of a TL.

FJ

Quoting simpleguy
FJ,

One here you are telling us to learn all about fibs. Before you said not to use them. How are you suggesting we deploy them into your system?

[ Everyone should take a few hours this weekend and review theyre candlestick patterns. If one can see reversals in formation not only can you save/make more pips but you will be prepared for the reversal move. To expand on this, one must know the difference between a retracement/pullback and a reversal. I encourage anyone who has trouble with this to learn all about Fibonacci and his retracements....
[/quote]
Stacking pips since 2002
  • #2,170
  • Feb 1, 2009 9:36pm Feb 1, 2009 9:36pm
Thanks for all the feedback on the AudioAlerts indicator.

With 250+ downloads of the last update I see there is a good level of interest in this project so I will continue.

I have added one new feature in this update. That is "PaintSignalCandles" which is controled by a user setting. The signal logic remains unchanged.

PaintSignalCandles = True
Painting of signal candle bodies on the price chart is much less cluttered and easier to read than printing arrows on each signal entry. This allows the trader to focus more on the signal candles.

The template for this chart is attached below.This is what it looks like...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_30jan2009_paintcandles.gif Size: 14 KB


Info on previous version is in post 1897
http://www.forexfactory.com/showpost...postcount=1897

Please refer to instructions in the original post 1866
http://www.forexfactory.com/showpost...postcount=1866

This version of AudioAlerts.mq4 is 20090201
Attached File(s)
File Type: mq4 AudioAlerts.mq4   12 KB | 1,162 downloads
File Type: tpl robdee_paintedcandles.tpl   1 KB | 1,021 downloads
  • #2,171
  • Feb 1, 2009 10:04pm Feb 1, 2009 10:04pm
Thanks FJ on the fibs, will learn to look into it.
Awesome template with painted candles robdee. Will try it out today!
Pivot Boss in the making~
  • #2,172
  • Feb 2, 2009 2:50am Feb 2, 2009 2:50am

Hi forexjedi & all FF

Well done system and good work >> keep on

  • #2,173
  • Feb 2, 2009 3:11am Feb 2, 2009 3:11am
since people are talking about on how to get a more clean chart on Monday ...this is another option for pivot, this indicator can turn off the Sunday data..so it don't take sunday data and your chart will be more clean. Not sure where i get these files....just google
Attached File(s)
File Type: ex4 ###Auto Pivot.ex4   15 KB | 412 downloads
File Type: mq4 ###Auto Pivot.mq4   15 KB | 436 downloads
  • #2,174
  • Feb 2, 2009 7:27am Feb 2, 2009 7:27am
Quote
Indicators

EMA: 5 to the close
EMA: 5 to the open

I'm using FXCM charts anf Trading Station & the setting of EMA doesnt play with me it does not cross, any body can help?

thx alot
  • #2,175
  • Feb 2, 2009 7:56am Feb 2, 2009 7:56am
Quoting forexjedi
A couple of thoughts on my mind make me want to make sure I post them here. First thought is this. Do not be biased to one direction when trading in FX. Just because the trend is down/up does not mean it will stay that way. Everyone should take a few hours this weekend and review theyre candlestick patterns. FJ
www.candlesticker.com is good and I use the attached indi on 1 hr charts.
Attached File(s)
File Type: mq4 Pattern_Recognition_Master_v3.mq4   27 KB | 745 downloads
  • #2,176
  • Feb 2, 2009 8:06am Feb 2, 2009 8:06am
Quoting alhadi_w
I'm using FXCM charts anf Trading Station & the setting of EMA doesnt play with me it does not cross, any body can help?

thx alot
Check you have both as 5 ema's, in parameters, under apply to, have 1 set at open and the other set to close.
  • #2,177
  • Feb 2, 2009 10:44am Feb 2, 2009 10:44am

Quote

Vantage

Senior Member

Check you have both as 5 ema's, in parameters, under apply to, have 1 set at open and the other set to close.


thx for replay but there is only one option set one to 5EMA open & 5EMA to close no other options and when i make it, it replace each other exactly with no space in between EMAs so now way to cross.

any other help!

  • #2,178
  • Feb 2, 2009 11:20am Feb 2, 2009 11:20am
Quoting alhadi_w

thx for replay but there is only one option set one to 5EMA open & 5EMA to close no other options and when i make it, it replace each other exactly with no space in between EMAs so now way to cross.



any other help!

You must be loading something wrong, the best might be to download from this thread a template from Robdee. Or the one attached. This has Rob's first audio alert on.

Cheers V.
Attached File(s)
File Type: tpl force 5 min.tpl   372 KB | 824 downloads
  • #2,179
  • Edited 3:05pm Feb 2, 2009 2:17pm | Edited 3:05pm
a few nice signals today for new york but i usually don't like trading NY session unless Im waiting for a announcement. I'll wait till Sydney open until doing any real trading.
Time is what keeps everything from happening "right now".
  • #2,180
  • Feb 2, 2009 3:23pm Feb 2, 2009 3:23pm
Robdee, can you post the link for the chatroom that you and many others are using? Thanks a lot.
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