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The Force 5min system

  • #2,241
  • Feb 6, 2009 11:57am Feb 6, 2009 11:57am
Last three questions for a while.
1. What other pairs does this system work on, if any
2. Would someone post a chart so I can see if I have my chart set up correctly.
3. I live in California, any pointers on the best times to trade this system, and times to avoid?

Email is fine, or PM for that matter if you don't want to waste space on this thread.

Thanks
  • #2,242
  • Feb 6, 2009 12:57pm Feb 6, 2009 12:57pm
Quoting slc12312
Last three questions for a while.
1. What other pairs does this system work on, if any
2. Would someone post a chart so I can see if I have my chart set up correctly.
3. I live in California, any pointers on the best times to trade this system, and times to avoid?

Email is fine, or PM for that matter if you don't want to waste space on this thread.

Thanks
1: I use this system on E/U, and also (G/U SOMETIMES).
2: There are more then enough charts on this thread for you to look at and go over to see if you have everything 100%
3: For me personally i like trading this method from Sydney open to about when ever i get my daily profit . Depends all on how you feel and how the markets are moving.

Like robdee said:
Post 1656 has a PDF with all three levels of The Force, basic, advanced, and expert.
http://www.forexfactory.com/showpost...postcount=1656

also another robdee quote:
You do not 'need' a template or any of the download indicators to get started. MT4 includes MACD, Stochastics, and EMAs. Just set them up the way it is specified in Post #1. The template in that post contains an error - the EMAs are not setup quite right.
In my opinion all the other stuff can be quite a distraction until you have some solid experience using the basic three indicators.

Remember nothing will help you unless you understand the ORIGINAL method!
Time is what keeps everything from happening "right now".
  • #2,243
  • Edited 3:48pm Feb 6, 2009 1:57pm | Edited 3:48pm
"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, but he didn't say that so we didn't do it."

Buy Signal

a) When the stochastic crosses up from the 20 line and is not ovebought
b) The MACD closses higher than the previous time interval
c) The Signal candle/bar closes higher bullish
d) The 5 ema to the close has crossed the 5 ema to the open

right, bars quantity not specified (basic rules, post#1) - condition: sto crossed obos or not- no matter 3,10, 20, 2000 bars ago
  • #2,244
  • Edited 3:49pm Feb 6, 2009 2:22pm | Edited 3:49pm
Quoting forexjedi
I wait till both stoch lines close above the 80 then close passing back through with the same idea on the 20 line on the short side. Althoug it was a nice move I only like to trade when I know im going to make pips or only suffer a small pip loss.

Quote:
Originally Posted by zeuzera http://www.forexfactory.com/images/buttons/viewpost.gif
Nice system.

Why didnt you take the last short signal ?

Or i misunderstud some of your rules ?

http://img46.imageshack.us/img46/2210/wwwwwwwwgs1.gif


Thanks


Zeuzera...
http://www.forexfactory.com/showpost...2&postcount=33

Quoting forexjedi
Attached is a chart corresponding with this post. There was no valid signal given on the long bearish bar due to both stochs not closing up through the 80 line.
http://www.forexfactory.com/attachme...1&d=1225435095
http://www.forexfactory.com/showpost...0&postcount=91
  • #2,245
  • Edited 3:50pm Feb 6, 2009 2:56pm | Edited 3:50pm
TheForce_AllinOne_kino.mq4 (little mod)
kino by scenario according to the book (rules post #1 - basic)
if BasicOnly = true - applyes TheForse basic rules, post#1

2compare (basic on/off) : applying basic rules - effective in raging market with strong bounce (obos penetration) but on trending market it filtering most trades with the trend basically living only trades against the trend signals as valid (pict)
Attached Image (click to enlarge)
Click to Enlarge Name: theforce_5mineu_systsig0.GIF Size: 33 KB
Attached File(s)
File Type: mq4 TheForce_AllinOne_kino.mq4   6 KB | 881 downloads
  • #2,246
  • Feb 7, 2009 12:27pm Feb 7, 2009 12:27pm
Hello guys!
The system looks very promissing, but apparently it great deal depends on trading hours. London session, especially in the beginning is a good winner. Unfortunately these hours are not quite convenient to me. I'm trying to trade from 20 to midnight and then from 6 am to 8 am eastern time. Price is often flat and the system does not work well. I am wondering how the USA and Canadian part time traders manage their time? What are your traiding hours and how successful they are?
Thank you for sharing your experience.
Alex
  • #2,247
  • Edited 3:10pm Feb 7, 2009 2:26pm | Edited 3:10pm
Quoting Ymka
Hello guys!
The system looks very promissing, but apparently it great deal depends on trading hours. London session, especially in the beginning is a good winner. Unfortunately these hours are not quite convenient to me. I'm trying to trade from 20 to midnight and then from 6 am to 8 am eastern time. Price is often flat and the system does not work well. I am wondering how the USA and Canadian part time traders manage their time? What are your traiding hours and how successful they are?
Thank you for sharing your experience.
Alex
Ymka,
Same here. I live in California and have limited hours that I can trade this system as you do. Any part-time traders ort here . . . I'd be interested on the hours you trade or what hasn't worked for you. I am willing to put in time, just trying to not re-invent the wheel.

I have looked in this thread but have not seen any posts as to if this strategy and indicator set up works well with higher timeframes such as 15, 1 hour and 4 hour charts, or if one should just stick to the 5 minute chart.

Thanks
  • #2,248
  • Feb 7, 2009 4:24pm Feb 7, 2009 4:24pm
I do this part time like many others do and have found what does and doesn't work for me. I wake up in the early AM and trade the Asian and London open. I live on the East Coast USA and have limited time to trade also. I basically have to substitute sleep with work to do this a lot of the time. It's not easy, but this will help me get to my personal and professional goals quicker. Your not in a bad spot being from the West coast, instead of getting up early you just have to stay up late and trade. the LO is at 11PM your time. You could trade the whole thing at night and still get a good night sleep for work.

This system isn't made for the other time frames, it's to be used fro the 5 minute also.

Quoting slc12312
Ymka,
Same here. I live in California and have limited hours that I can trade this system as you do. Any part-time traders ort here . . . I'd be interested on the hours you trade or what hasn't worked for you. I am willing to put in time, just trying to not re-invent the wheel.

I have looked in this thread but have not seen any posts as to if this strategy and indicator set up works well with higher timeframes such as 15, 1 hour and 4 hour charts, or if one should just stick to the 5 minute chart.

Thanks
A woman drove me to drink, and I forgot to thank her
  • #2,249
  • Feb 8, 2009 10:55am Feb 8, 2009 10:55am
Hello everyone

I am here first time but now I am on page 30. Well done, Forexjedi. I must say that I noticed that this is a remarkable system and so far what I have read it seems that works well. My goal is to take 30-50 pips a day, so I think that this would be very good for me. Interested me if it is not the secret of how m have you took pips on average from the first day of working on this system and I put your email in MSN Forexjedi I hope it doesnt matter.
For now, many greeting and follow you.
A lot of pips
  • #2,250
  • Feb 8, 2009 5:51pm Feb 8, 2009 5:51pm
In post 1 the risk calculator xls file might be ok for Eur Usd as quoted by forexjedi but should be noted pip value is slightly different for every pair but especially Eur/Gbp is almost double. Just wanted to offer that.
Gone to a better place
  • #2,251
  • Feb 9, 2009 10:38am Feb 9, 2009 10:38am
Hi friends,

I am writing this custom indicators for a system.
which then i will use for Force5.
Writing EA using iCustom function to open trades.

My tester shows 75% quality and trades are in profits. but when i run the same on live feed, it does not open any trades.

Have you come accoss any of that.

Help is much appreciated.

BB
  • #2,252
  • Feb 9, 2009 10:47am Feb 9, 2009 10:47am
test run
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester 020809.gif Size: 6 KB
  • #2,253
  • Feb 9, 2009 7:37pm Feb 9, 2009 7:37pm
Quoting BlueBird
...but when i run the same on live feed, it does not open any trades. Have you come accoss any of that....
I suggest you look for help in a thread for MT4/MQL developers. There will be people there with a lot more prgramming experience to help you. RD
  • #2,254
  • Feb 9, 2009 7:50pm Feb 9, 2009 7:50pm
Quoting slc12312
Thanks a million for your input. The reason why I was trying to adapt this system for use on AccuCharts is that IBFX is blocked at my work site (it is classified as PORN if you can believe that) anyway, that is the main reason. I can't very well call up and ask them to unblock it so that I can demo a forex system while at work . . . if you know what I mean.

I have EMA on the charts I use, just can't figure out how to change the open/close readings

Thanks,
Scott

Robdee . . . I tried that post where you linked the downloads for IBFX and IT WORKED!!...
Here is a little trick that has worked for me in the past . . . install the trading platform onto a USB 'thumb-drive'. When at work use the thumb drive to access the account. This may get you around the block.
  • #2,255
  • Feb 9, 2009 8:47pm Feb 9, 2009 8:47pm
will try mql thread
  • #2,256
  • Feb 9, 2009 10:10pm Feb 9, 2009 10:10pm
After the last two weeks of crazy PA leading up to FOMC and NFP news it is great to see normal price action returning to the market.

As expected the week started with a retrace off Friday's bull run. A double bottom forming at London Open provided good evidence of support. When the upper TL was broken it was safe to join the bulls on each signal on the way up to the peak at NYSE Open.

A top formed and by London Close the bears were taking over again. As the lower TL broke this gave safe entries on all the bearish signals down through day close.

My medium trend setup worked well in both directions.

Medium Trend
Wider profit targets (2X defensive)
Trade in both directions (depending on trendlines)

Keep same as Defensive
Stop 5 pips above/below signal candle
Move stop to BE when price reaches +20
After stop at BE, trail stop 20 pips behind
Only open a new trade after existing trade has reached +20

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_09feb2009_mediumtrend.gif Size: 22 KB


Metatrader Tip
MT4 can draw your trades on your chart.
Open the Account History tab in the Terminal window.
Select a trade, then drag and drop it onto the chart.
Blue arrows show buy trades. Red arrows show sell trades.
Shift+drag'n'drop draws all trades visible in Account History.

Pips4Life wrote a very good script that draws trades from Account History in more detail. See the OrderHistory thread here...
http://www.forexfactory.com/showthread.php?t=46668
  • #2,257
  • Feb 9, 2009 11:20pm Feb 9, 2009 11:20pm
have any of you created an EA for F5.

i have created an EA and jul08 to present it seems very promising.

trying to upload detail trades but its not letting me upload

BB
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester020909.gif Size: 8 KB
  • #2,258
  • Feb 9, 2009 11:23pm Feb 9, 2009 11:23pm
hi all

found this system today,have read a fair bit,seems simple to look at but with a few variations to look for ,makes it a bit harder to make the trade

many pips to all
  • #2,259
  • Feb 10, 2009 12:25am Feb 10, 2009 12:25am
Quoting desperate
...seems simple to look at but with a few variations to look for ,makes it a bit harder to make the trade...
Welcome to The Force

One thing to realise is this is a training system, starting with basic three indicators and on through the other levels this system trains your eyes and your mind to intuitively understand price action. That is what Jedi said and I didn't really understand it until it happened to me after about 4 weeks trading basic entry rules only on confirmed s/r.

Some things never change, and that is the process of trading this system at all levels...

1) Find and confirm support or resistance
2) Wait for a signal
3) Stop in meaningful place
4) profit taking actions

There is a PDF with all three levels of The Force in post 1656
http://www.forexfactory.com/showpost...postcount=1656
  • #2,260
  • Feb 10, 2009 12:30am Feb 10, 2009 12:30am
Quoting BlueBird
...trying to upload detail trades but its not letting me upload...
Compress the strategy tester report into a ZIP file and then you'll be able to upload here if less than 1MB.
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