"vForce" the revolution | Forex Factory

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"vForce" the revolution

  • #1
  • First Post: Edited Mar 5, 2009 6:12pm Mar 2, 2009 9:27pm | Edited Mar 5, 2009 6:12pm

http://www.forexfactory.com/nfs/sign...gpic9556_3.gif


Dear Traders,

At last after countless days and untold amounts of time I have created what I feel is my finest work in my 7 years in forex. With the help of Robdee and his superior MT4 skills whom has created the fine layout of these charts and programming 8 indicators into 1 super efficient alert system vForce has reached its launch stage. The charts below will tell all as Rob and I attempt to take all traders on the ride of a lifetime turning a seemingly difficult and wild market and taming it into a super efficient profit making machine. Attached to this post is the vForce zip folder with a PDF document.Read that first as it contains all the needed information including instruction on how to use the system and load the indicators. Also please read all the included documents.


Best regards,

ForexJedi and Robdee
Attached File(s)
File Type: pdf vForcedocument.pdf   80 KB | 23,923 downloads
File Type: zip vForce.zip   106 KB | 23,411 downloads
Stacking pips since 2002
  • #2
  • Mar 2, 2009 9:56pm Mar 2, 2009 9:56pm
I have a question. In the indicator settings do we need to enter 100 for 5 decimal brokers? or the indicator will handle both 4 and 5 decimal brokers?

Thanks
Karun
  • #3
  • Mar 2, 2009 9:58pm Mar 2, 2009 9:58pm
Here are some examples of the vForce in action. The price marker shows the 10 pips distance from the direction of the signal.
Attached Image (click to enlarge)
Click to Enlarge Name: vforcechart15min.gif Size: 19 KB
Stacking pips since 2002
  • #4
  • Mar 2, 2009 10:01pm Mar 2, 2009 10:01pm
Karun,

Thanks for stoping in. The indicator should be able to handle both 4 and 5 decimal brokers.

FJ

Quoting karun
I have a question. In the indicator settings do we need to enter 100 for 5 decimal brokers? or the indicator will handle both 4 and 5 decimal brokers?

Thanks
Karun
Stacking pips since 2002
  • #5
  • Edited Mar 3, 2009 6:08am Mar 2, 2009 10:08pm | Edited Mar 3, 2009 6:08am
Quoting karun
In the indicator settings do we need to enter 100 for 5 decimal brokers? or the indicator will handle both 4 and 5 decimal brokers?
I assume you mean the ConfirmPips = 10 setting in vForceAlerts?

I have not tested on a decimal 5 broker but the code uses the internal MT4 variables for converting between decimal numbers and pips so in theory you should leave the setting at 10 and MT4 will do the conversions.

I will be interested to hear from anyone using a broker with 5 decimal points in their prices. RD

Update:
A new version of vForceAlerts now includes all the 5 decimal price conversions. Default user settings work correctly on both 4 decimal and 5 decimal systems. Download the new version from post 101...
http://www.forexfactory.com/showpost...&postcount=101
  • #6
  • Mar 2, 2009 10:08pm Mar 2, 2009 10:08pm
Quoting forexjedi
Karun,

Thanks for stoping in. The indicator should be able to handle both 4 and 5 decimal brokers.

FJ
The indicator seems interesting, at some cases it looks like we may need to trail the stops tightly. On the first glance it looks very good, will give it a try for some time and lets see how it goes. BTW, for confirmpips settings we do need to enter 100 in case its a five digit broker.

Thanks
Karun
  • #7
  • Mar 2, 2009 10:11pm Mar 2, 2009 10:11pm
Quoting robdee
I assume you mean the ConfirmPips = 10 setting in vForceAlerts?

I have not tested on a decimal 5 broker but the code uses the internal MT4 variables for converting between decimal numbers and pips so in theory you should leave the setting at 10 and MT4 will do the conversions.

I will be interested to hear from anyone using a broker with 5 decimal points in their prices. RD
Yes, I was referring to ConfirmPips setting only. I use 5 decimal point broker.

Thanks
Karun
  • #8
  • Mar 2, 2009 10:13pm Mar 2, 2009 10:13pm
Glad to be here from the start. Looks very promising.
  • #9
  • Mar 2, 2009 10:16pm Mar 2, 2009 10:16pm
Paradoxical,

A big welcome to you and everyone visiting to experience the vForce from Robdee and I.

Quoting paradoxical
Glad to be here from the start. Looks very promising.
Stacking pips since 2002
  • #10
  • Mar 2, 2009 10:23pm Mar 2, 2009 10:23pm
Thanks for Sharing Forexjedi,

I had a couple of questions.

1. Can u also trade this on a 5 min. timeframe?

2. I noticed on past charts with Eur/Usd that the a blue candle appeard and then followed by a green candle however the green candle was not 12 pips higher than the high of the blue candle. Again these are past charts. Is there a reason for this?

I will test this indicator, and report back, thank you again for the time with this strategy.
  • #11
  • Mar 2, 2009 10:23pm Mar 2, 2009 10:23pm
A fine example of how the 10 pip filter tag saves you from loosing pips. To make it be know this system has a 70% chance of making at least 30 pips when a trade is initiated by the rules.

FJ
Attached Image (click to enlarge)
Click to Enlarge Name: vforcechart15min.gif Size: 16 KB
Stacking pips since 2002
  • #12
  • Mar 2, 2009 10:24pm Mar 2, 2009 10:24pm
Robdee-

Great work!

When ODL closed its US offices we were all switched to FXCM, a 5 digit broker. FXCM sent us email instructions to add variable(s) to our EA's to properly set trade params and avoid confusion in the EA community. They suggested something along these lines:

extern bool MicroPips = true;

.......

int Pips = 1;
if (MicroPips == true) Pips = 10;
theHigh = High[i]*Pips*Point; // or whatever function you need

What I did find interesting, maybe a bug, is that even though the manual interface would only allow TP and SL's 10 or more pips away, the EA was allowed to set TP and SL of less than 10 pips. As if the server didn't convert from 5 to 4 digits when parsing the incoming EA instructions. So I was able to accidentally set a 20 micropip SL instead of a 20 pip SL, and the server accepted it (and hit it )!

Good luck!
  • #13
  • Mar 2, 2009 10:25pm Mar 2, 2009 10:25pm
Fxcash,

This system is optimal only on the 15min chart. All the rules and indicators inside the alerts are tailored to the 15min chart for the EU only.

FJ

Quoting Fxcash
Thanks for Sharing Forexjedi,

I had a couple of questions.

1. Can u also trade this on a 5 min. timeframe?

2. I noticed on past charts with Eur/Usd that the a blue candle appeard and then followed by a green candle however the green candle was not 12 pips higher than the high of the blue candle. Again these are past charts. Is there a reason for this?

I will test this indicator, and report back, thank you again for the time with this strategy.
Stacking pips since 2002
  • #14
  • Mar 2, 2009 10:27pm Mar 2, 2009 10:27pm
Quoting Fxcash
Thanks for Sharing Forexjedi,

I had a couple of questions.

1. Can u also trade this on a 5 min. timeframe?

2. I noticed on past charts with Eur/Usd that the a blue candle appeard and then followed by a green candle however the green candle was not 12 pips higher than the high of the blue candle. Again these are past charts. Is there a reason for this?

I will test this indicator, and report back, thank you again for the time with this strategy.
In this case, if you look at subsequent candles, atleast one of them would have breached that 12 pips marker. However it appears that only the immediate candle to signal candle changes color, not the actual candle which initiated the trade.

forexjedi / robdee,
Please correct me, if I am wrong.

Thanks
  • #15
  • Mar 2, 2009 10:31pm Mar 2, 2009 10:31pm
Karun,

This system is optimal only on the 15min charts for EU only. All the indicators inside the vForceAlerts are tailored to the 15min chart. If you look at it on any other chart it may not make any sense as the alerts so not line up. Please my chart below for a recent example. If this doesnt answer your question please post your chart so I can have a better understanding.

FJ

Quoting karun
In this case, if you look at subsequent candles, atleast one of them would have breached that 12 pips marker. However it appears that only the immediate candle to signal candle changes color, not the actual candle which initiated the trade.

forexjedi / robdee,
Please correct me, if I am wrong.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: vforcechart15min.gif Size: 16 KB
Stacking pips since 2002
  • #16
  • Mar 2, 2009 10:32pm Mar 2, 2009 10:32pm
Quoting forexjedi
A fine example of how the 10 pip filter tag saves you from loosing pips. To make it be know this system has a 70% chance of making at least 30 pips when a trade is initiated by the rules.

FJ

Thanks for the reply.

According to your initial rules for Long (Blue Candle) a 12 pip pending order is used for filters not 10 pips (Viewing your Chart). Just want to make sure I follow correctly.

On a short (Red Candle) a 10 pip pending order is used to filter is this correct?

Thank you.
  • #17
  • Mar 2, 2009 10:37pm Mar 2, 2009 10:37pm
Quoting Fxcash
...a blue candle appeard and then followed by a green candle however the green candle was not 12 pips higher than the high of the blue candle. Is there a reason for this?
A green candle also indicates a close above a buy candle high.
A green candle also indicates a close below a sell candle low.

This provides another way to 'confirm' a signal candle.

Sometimes you will see two green candles as both the 10 pip rule and the close above rules are matched in sequence. RD
  • #18
  • Mar 2, 2009 10:39pm Mar 2, 2009 10:39pm
FX,

You are correct on all counts. We want to avoid the ask line from initiating the trade which is why we set the long pending at 12 pips which triggers the order at 10 pips from the high of the candle. This is due to the spread.

FJ

Quoting Fxcash
Thanks for the reply.

According to your initial rules for Long (Blue Candle) a 12 pip pending order is used for filters not 10 pips (Viewing your Chart). Just want to make sure I follow correctly.

On a short (Red Candle) a 10 pip pending order is used to filter is this correct?

Thank you.
Stacking pips since 2002
  • #19
  • Edited 10:45pm Mar 2, 2009 10:40pm | Edited 10:45pm
Quoting karun
In this case, if you look at subsequent candles, atleast one of them would have breached that 12 pips marker. However it appears that only the immediate candle to signal candle changes color, not the actual candle which initiated the trade.

forexjedi / robdee,
Please correct me, if I am wrong.

Thanks
Quoting forexjedi
Karun,

This system is optimal only on the 15min charts for EU only. All the indicators inside the vForceAlerts are tailored to the 15min chart. If you look at it on any other chart it may not make any sense as the alerts so not line up. Please my chart below for a recent example. If this doesnt answer your question please post your chart so I can have a better understanding.

FJ
Hi FJ,
Yes I was looking at 15M EU chart only. The post above is only my observation and understanding.
I have attached the chart for reference. Hope this clears any confusion on my post.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15m.gif Size: 28 KB
  • #20
  • Mar 2, 2009 10:41pm Mar 2, 2009 10:41pm
Quoting robdee
A green candle also indicates a close above a buy candle high.
A green candle also indicates a close below a sell candle low.

This provides another way to 'confirm' a signal candle.

Sometimes you will see two green candles as both the 10 pip rule and the close above rules are matched in sequence. RD
Thanks Robdee for the answers, i understand this sequence now.
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