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The Force 5min system

  • #2,341
  • Feb 23, 2009 9:03pm Feb 23, 2009 9:03pm
Quoting forexjedi
FX,

Thats a nice trade setup. I would have done the following which is my standard format for all trades I take. Enter trade and TP 50% at 10 pips, 30% at 20 pips and then set the stop to BE and let the rest ride. In the case of this trade I would have moved my stop uder the support at 2905 once that candle closed as shown in your chart above. Not knwing the future this is exaclty what I did for that trade which started at 1:20 gmt during the Asian session. I have taken your chart and made some changes and have posted it below to illustrate what...
Thank you for your feedback .... right now i'm somewhere between advanced and expert and really appreciate how the force trains your eyes for price action. Thanks again, FX_Discipulo
  • #2,342
  • Feb 24, 2009 3:39am Feb 24, 2009 3:39am
http://s55.radikal.ru/i149/0902/81/cbe82ffbb792.jpg
  • #2,343
  • Feb 24, 2009 3:40am Feb 24, 2009 3:40am
http://s55.radikal.ru/i149/0902/81/cbe82ffbb792.jpg
  • #2,344
  • Feb 24, 2009 3:47am Feb 24, 2009 3:47am
http://s61.radikal.ru/i172/0902/ab/ce6ced3f6bbb.jpg
  • #2,345
  • Feb 24, 2009 4:12am Feb 24, 2009 4:12am
At last I can spread the drawings of trade, I enter on bottom MACD so more truly
http://s42.radikal.ru/i095/0902/94/3e539aebf7bc.jpg
  • #2,346
  • Edited 2:24pm Feb 24, 2009 4:23am | Edited 2:24pm
Quoting forexjedi
...TP 50% at 10 pips, 30% at 20 pips and then set the stop to BE and let the rest ride...
UpdateStops EA new version now includes TakeProfit levels as described by ForexJedi.

Note: This EA assumes that minimum transaction is 0.10 lots (ie one mini lot).
It does not process anything less than 0.10 lots as shown in MT4.

Refer to instructions for orginal version in post 2031
http://www.forexfactory.com/showpost...postcount=2031

UpdateStops V20090224
Attached File(s)
File Type: mq4 UpdateStops.mq4   9 KB | 1,003 downloads
  • #2,347
  • Edited 1:53pm Feb 24, 2009 9:25am | Edited 1:53pm
Robdee,

I tried to use the Updatestops. But it does not showup on chart when I import the EA. Please check or let me know if I made any mistake.
Thanks for all your input.

Regards,

Kazal
  • #2,348
  • Feb 24, 2009 2:31pm Feb 24, 2009 2:31pm
Quoting kazal
I tried to use the Updatestops. But it does not showup on chart when I import the EA. Please check or let me know if I made any mistake.
Kazal - welcome to The Force.

Please follow all instructions in post 2031.

The most common mistake is putting the UpdateStops.mq4 file in the wrong folder.

If 'UpdateStops' does not appear in the Navigator window then there is no way to attach it to your chart.

If you can see it and are trying to attach it then go look at the messages in the Experts tab of the terminal window. This will tell you about any loading errors. RD
  • #2,349
  • Feb 24, 2009 9:59pm Feb 24, 2009 9:59pm
After some time in this thread and in the chat room, went back and created a new nick that was readable and am ready to go.

Thanks FJ and all other contributors.
  • #2,350
  • Feb 25, 2009 3:32am Feb 25, 2009 3:32am
I have not been able to enter the chat room. When I try the force.appruv.com link, I end up in a site called CakePHP. What am I doing wrong? Thanks for the help.
  • #2,351
  • Feb 25, 2009 3:42am Feb 25, 2009 3:42am
Quoting Patrick M
I have not been able to enter the chat room. When I try the force.appruv.com link, I end up in a site called CakePHP. What am I doing wrong? Thanks for the help.
Try this http://embed.mibbit.com/?channel=%23the_force_5m
  • #2,352
  • Feb 25, 2009 3:46am Feb 25, 2009 3:46am
Quoting robdee
UpdateStops EA new version now includes TakeProfit levels as described by ForexJedi.

Note: This EA assumes that minimum transaction is 0.10 lots (ie one mini lot).
It does not process anything less than 0.10 lots as shown in MT4.

Refer to instructions for orginal version in post 2031
http://www.forexfactory.com/showpost...postcount=2031

UpdateStops V20090224
Brilliant work there Rob, if anyone is after the EA that can do microlots, let me know & I'll post it.

Cheers

HR
  • #2,353
  • Feb 25, 2009 6:50am Feb 25, 2009 6:50am
Quoting Vantage
Try this http://embed.mibbit.com/?channel=%23the_force_5m
Thanks Vantage! that did the trick.
  • #2,354
  • Feb 25, 2009 4:02pm Feb 25, 2009 4:02pm
Quoting robdee
AudioAlerts and the template that shows painted candles is post 2170
http://www.forexfactory.com/showpost...postcount=2170

Thank you
  • #2,355
  • Feb 25, 2009 5:25pm Feb 25, 2009 5:25pm
Today's market showed us another good series of waves for 'Force' surfing.

06:50 buy TL bounce from an existing TL
08:50 sell London's double top reject
10:50 sell TL break (failed)
11:30 sell TL break (success)
12:40 buy 38 fibo bounce
14:10 sell 'prior support now resistance' reject
15:00 sell bear continuation
16:00 buy 79 fibo bounce

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_25feb2009_theforce.gif Size: 23 KB


Lesson I learned...
Medium targets +20 +40 worked well for countertrend buy trades.
Hoping for a bear runner I didn't close sell trades at +40.
The big runner didn't happen so it would have been more profitable to have used +20 +40 targets for my sell trades after all.
  • #2,356
  • Feb 26, 2009 2:12am Feb 26, 2009 2:12am
hi all
im currently trading phillips M5 system and doing well there ,but looking for another shortterm strategy to mix with that for an additional confirmation until become expereince in new system .
wd u plz help me to find indicators/templates/pdfs/... for this system ?
thx alot
  • #2,357
  • Feb 26, 2009 3:15am Feb 26, 2009 3:15am
Quoting bshadroo
hi all
im currently trading phillips M5 system and doing well there ,but looking for another shortterm strategy to mix with that for an additional confirmation until become expereince in new system .
wd u plz help me to find indicators/templates/pdfs/... for this system ?
thx alot

Pretty sure everything you need is listed on the very first post of this thread. You should read the entire thread as well and join the chat (in fj's sig)
The trend always ends.
  • #2,358
  • Feb 26, 2009 4:07am Feb 26, 2009 4:07am
Quoting bshadroo
wd u plz help me to find indicators/templates/pdfs/... for this system ?
PDF containing all three levels of the system in post 1656
http://www.forexfactory.com/showpost...postcount=1656

Purpose of the system is to train eyes and mind to understand price action intuitively.

My experience was 4 weeks full time basic signals only on s/r before I understood this purpose.
  • #2,359
  • Feb 26, 2009 10:00am Feb 26, 2009 10:00am
thank u for help,hope i join u soon
  • #2,360
  • Feb 26, 2009 10:44am Feb 26, 2009 10:44am
Hi guys i wondered if someone could help, i am a total novice at this and i am trying to setup my charts to use the Force system. When i set the MACD to 12,26,1 i just get a straight line so i have left it at 12,26,9? I have set my Stochastic to 5,3,3 and EMA 5 to close and open.
Just looking at my charts over the last couple of days i have noticed loads of possible trades when the “EMA close” and “EMA open” cross but some of them cross back again almost straight away resulting in a failed trade. Also i am finding that most of the time when the EMA lines cross up the MACD and Stochastics are going up as well giving a trade signal and the same when they cross down, not sure if this is right or not?
Again i am very new to this so am probably missing something or i have my chart setup incorrectly. Please can anyone point me in the right direction as i really want to give this system a run.
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.JPG Size: 92 KB
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