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The Force 5min system

  • #2,361
  • Feb 26, 2009 12:27pm Feb 26, 2009 12:27pm
Bez,

Nice to have in my thread. You have the right idea in mind with the indicators and their use. Kepp in mind that you also need you pivot point and trend lines to act as support and resistance. It is not possible to turna a profit without them. If you simply take every signal the Force generates you will fail as trading FX is not that easy or else everyone would be exrememly wealthy trading FX. What you need to do is learn the "personality" of the pair. This will take some time. Like anything else over time you eventually find the moves of the Eur/Usd (EU) almost predictable as you look at the pair form patterns youve seen time and time again. Its important that you wait for the correct setups such as TL bounces and so on. Some time you can wait hours for the right move and sometimes a fraction of that time just fro 30 or 40 pips. Thats the name of the game. Please make sure you read the entire thread to get a grip of the power of the Force and how to trade it correctly.

FJ

Quoting bez3000
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.
[size=3][font=Calibri]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...
Stacking pips since 2002
  • #2,362
  • Feb 26, 2009 9:44pm Feb 26, 2009 9:44pm
At London Open I expected the battle would be at the weekly pivot. I was wrong. The weekly pivot broke and the battle line moved up to the Month M2 pivot at 1.2785.

I placed some of my TPs and entry orders at 1.2780, just 5 pips below the mM2. All other trade entries and exits were based on the Force system.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_26feb2009_theforce.gif Size: 31 KB


Looking forward to end of month volatility tonight.
  • #2,363
  • Feb 26, 2009 9:48pm Feb 26, 2009 9:48pm
Finally bought a new trading station PC , My old PC stopped working , What is the problem with the chat room link?
  • #2,364
  • Feb 26, 2009 10:33pm Feb 26, 2009 10:33pm
Quoting tazzam72
Finally bought a new trading station PC , My old PC stopped working , What is the problem with the chat room link?
Try this http://embed.mibbit.com/?channel=%23the_force_5m
  • #2,365
  • Feb 26, 2009 11:08pm Feb 26, 2009 11:08pm
Quoting robdee
At London Open I expected the battle would be at the weekly pivot. I was wrong. The weekly pivot broke and the battle line moved up to the Month M2 pivot at 1.2785.

I placed some of my TPs and entry orders at 1.2780, just 5 pips below the mM2. All other trade entries and exits were based on the Force system.

Attachment

Looking forward to end of month volatility tonight.
Robdee,

Thanks for posting your trades. It's truly educational. It's interesting to see your setups, stop losses, and profitable trades. It looks like today was a real battle with slower moving price and a lot of retracement.

I have the habit of reviewing your trades, marking them in mt4 and studying to see what you saw price action-wise ... the logic/psychology behind the market's move. It's helping a lot, though a major thing I'm working on is when in DD, not getting out too early and then within a pip or 2 having the market come back, but observing price action, s/r and trend lines is helping.

It's interesting, but in reviewing your trades, if you could have stayed in the only losing trade of the day for maybe say 3 more pips, the day would have been perfect. But 160+ pips, wow. Good job! Great work!

FX_Discipulo
  • #2,366
  • Feb 27, 2009 2:47am Feb 27, 2009 2:47am
Thanks for the reply, i will go and learn pivot points and read the whole thread, it might take a while "but let my education start now" Regarding my MACD settings should i leave it as the defaulted 12,26,9?
Thanks again
  • #2,367
  • Feb 27, 2009 7:00am Feb 27, 2009 7:00am
Quoting robdee
At London Open I expected the battle would be at the weekly pivot. I was wrong. The weekly pivot broke and the battle line moved up to the Month M2 pivot at 1.2785.

I placed some of my TPs and entry orders at 1.2780, just 5 pips below the mM2. All other trade entries and exits were based on the Force system.

Attachment

Looking forward to end of month volatility tonight.
Lovely chart again robdee, with a nice 45' trendline like we spoke about on the chat.

One thing, it seems like the last sell you have on there should be labelled +20, not -20.

G-Man
  • #2,368
  • Feb 27, 2009 11:44am Feb 27, 2009 11:44am
Bez,

It best to leave the MACD at 12,261 as the signal line means nothing with regards to the system. As a matter of fact in my opinion the signal line is the biggest flaw of the MACD.

FJ

Quoting bez3000
Thanks for the reply, i will go and learn pivot points and read the whole thread, it might take a while "but let my education start now" Regarding my MACD settings should i leave it as the defaulted 12,26,9?
Thanks again
Stacking pips since 2002
  • #2,369
  • Feb 28, 2009 4:22am Feb 28, 2009 4:22am
Thanks FJ for the advice, a reminder for us to trade 1 pair only. - EUR/USD
After trading this system for nearly 4 months, i m slowly beginning to "feel" the market. I am a slow learner

Now i only take trades off S/R, be it TL, Pivots or Fibs with Force signals.
Its has been quite profitable also trading the bounce of Previous Day High/Low. -- which is my FAV!

Sometimes its takes hours for me waiting for a perfect setup. (Dont have many bullets a day, saving it for the best) But its worth the wait!
Attached Image (click to enlarge)
Click to Enlarge Name: log100.gif Size: 11 KB
Pivot Boss in the making~
  • #2,370
  • Feb 28, 2009 1:05pm Feb 28, 2009 1:05pm
Just loggin in. Big E
  • #2,371
  • Mar 2, 2009 7:43am Mar 2, 2009 7:43am
FJ,

Just been trying to catch up with your thread and “the force” system, do you still use the indicators (MACD,Stoch & EMA) or do you now only trade price action using picots and S&R lines?

Thanks
Bez3000
  • #2,372
  • Mar 2, 2009 11:37am Mar 2, 2009 11:37am
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
Many thanks for this Robdee . Have been using it in demo and just want to
clarify the inputs . Instructions in post 2031 seem to be for your earlier version . Could you please explain the last 20% T/P . Do you set that as a target in your mt4 order ? Can it be modified once in the trade for instance
the trade turns into a great runner and you want to stay with it ? I am new
at setting these EA`s so appreciate your patience . BTW it works great except for getting out too early in some trades .
Cheers - glass
  • #2,373
  • Mar 2, 2009 1:10pm Mar 2, 2009 1:10pm
Quoting glass
Could you please explain the last 20% T/P . Do you set that as a target in your mt4 order ? Can it be modified once in the trade for instance the trade turns into a great runner and you want to stay with it ?
Glass - Welcome to The Force

The takeprofit targets and percentages in UpdateStops EA follow ForexJedi's money management rules. Because this is a system designed for learners it needs to bank profits and reduce risk as quickly as possible.

If you want to increase or decrease the targets you can do this at any time by clicking the smiley face next to UpdateStops on the chart. You can also remove UpdateStops EA at any time and set takeprofit orders manually.

The last 20% is there to allow you to catch the runners that occur, thus adding to profits and meeting our need for 'whoosh pips' all at one time. It is also good training to prepare you for holding trades at expert level. RD
  • #2,374
  • Edited 3:50pm Mar 2, 2009 1:16pm | Edited 3:50pm
Thanks for all the feedback on the AudioAlerts indicator.

With 400+ downloads of the last update I see there is increasing interest in this project so I will continue.

The most important change this time is filtering signal candles where the candle body opposes the indicators. Previous to this change it was possible to sometimes have a blue sell candle, or a red buy candle. This update resolves that issue.

AudioAlerts now ignores all candles where:
- the indicators are bearish but the body closes bullish
- the indicators are bullish but the body closes bearish

I have also added one new feature in this update.

PaintOutsideCandles = True (default setting = False)
Outside candles close above or below the previous three candles.
This is a good way to see strength continuing in a particular direction.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_27feb2009_outsidecandles.gif Size: 19 KB


Note: These "outside candles" are also called LCC (Last Condition Change) candles by those of you who know John Person's books. He teaches principles of price action very relevant to The Force. See 'Forex Conquered' pages 244-47.

Info on AudioAlerts previous version is in post 2170
http://www.forexfactory.com/showpost...postcount=2170

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

This version of AudioAlerts.mq4 is 20090302
Attached File(s)
File Type: mq4 AudioAlerts.mq4   19 KB | 1,565 downloads
File Type: tpl audioalerts.tpl   1 KB | 1,152 downloads
  • #2,375
  • Mar 2, 2009 3:25pm Mar 2, 2009 3:25pm
Quoting robdee
Glass - Welcome to The Force

The takeprofit targets and percentages in UpdateStops EA follow ForexJedi's money management rules. Because this is a system designed for learners it needs to bank profits and reduce risk as quickly as possible.

If you want to increase or decrease the targets you can do this at any time by clicking the smiley face next to UpdateStops on the chart. You can also remove UpdateStops EA at any time and set takeprofit orders manually.

The last 20% is there to allow you to catch the runners that occur, thus adding to...
Thanks for the welcome , I have visited the chatroom before and have read
every post , some more than once . Its good sound trading wisdom . Your time is appreciated and thanks forexjedi for starting it . Will apply the alert
candles next .
  • #2,376
  • Mar 2, 2009 9:06pm Mar 2, 2009 9:06pm
Hi Guys

I am been out for a while now, Which Temp are you guys using now .
  • #2,377
  • Edited 11:54pm Mar 2, 2009 10:26pm | Edited 11:54pm
Attached Image


Just found this new thread on FF.

Should be of interest.

vForce the revolution
http://www.forexfactory.com/showthread.php?t=155871
  • #2,378
  • Mar 3, 2009 11:09am Mar 3, 2009 11:09am
Hey whats up everyone sorry i have been away for a while but im back and will be making some charts soon enough.
Have have been reading all the pages that i missed and a lot has been done =-].
Once again thank you ForexJedi and Robdee for all the great work you have done here and on "vForce". I will be using it for the extra 1 or 2 signals a day =-].

Since its annoying remembering the mibbit URL i have decided to just make a short URL for everyone to remember for when coming to the chat.

CHAT LINK:
http://theforce5m.tk/
Time is what keeps everything from happening "right now".
  • #2,379
  • Mar 4, 2009 1:05am Mar 4, 2009 1:05am
I found this indi in the mql4.com database. It draws fibs automatically.

FJ
Attached File(s)
File Type: mq4 AutoDayFibs.mq4   10 KB | 727 downloads
Stacking pips since 2002
  • #2,380
  • Mar 4, 2009 1:48am Mar 4, 2009 1:48am
Eu 5min chart for veiwing.
Attached Image (click to enlarge)
Click to Enlarge Name: force5minchart.gif Size: 16 KB
Stacking pips since 2002
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