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"vForce" the revolution

  • #41
  • Mar 3, 2009 12:36am Mar 3, 2009 12:36am
Ronald,

I appreciate your need to help but I have a problem with this.

1. Has the EA been tested?
2. Does it meet the requirements of the MM from the PDF file?

I dont know much about EAs that territory belongs to Robdee as my mq4 skill are poor. The two of you can work on this together perhaps and send me the resluts before posting. Again I know of your reputation of being a skilled programmer but I need to make sure as poeples money is at stake. Thanks RR hope to hear from you soon.

FJ

Quoting Ronald Raygun
Is there a reason why this isn't an EA yet? Or do I have to step up?

Note,

The Indicator needs to be attached to the chart!!!

The way the EA works is it looks for the arrows pointed on the chart by the indicator. Once it identifies those arrows, it can figure out where to place the trade.

In my quick testing, the EA did not always properly identify the correct arrow to use. I am still trying to work out that particular bug.


ForexJedi, if you prefer to not have an EA on this thread, let me know and Ill remove it.
Stacking pips since 2002
  • #42
  • Mar 3, 2009 12:41am Mar 3, 2009 12:41am
thank you both, forexjedi for sharing this system and robdee for the work you dit coding all the indicators in just one , great job great system
  • #43
  • Mar 3, 2009 12:43am Mar 3, 2009 12:43am
Quoting forexjedi
...EAs that territory belongs to Robdee as my mq4 skill are poor. The two of you can work on this together...
Trying to provide support for an EA in this thread is not desirable in my opinion. It will become a huge distraction from the simple purpose we have here. I vote for a separate thread for those interested in EA automation. RD
  • #44
  • Mar 3, 2009 12:44am Mar 3, 2009 12:44am
What kind of winning % are we looking at? 60, 70, 80%, or more?
  • #45
  • Edited 1:11am Mar 3, 2009 12:46am | Edited 1:11am
Hi Jedi and Robd
Will be looking at this with great interest as the Force 5 min system (waiting for 1 pip break of signal candle top/bottom) is a superb system.

Thanks again for your efforts here and for sharing, cheers

V.
  • #46
  • Mar 3, 2009 12:47am Mar 3, 2009 12:47am
Quoting forexjedi
Ronald,

I appreciate your need to help but I have a problem with this.

1. Has the EA been tested?
2. Does it meet the requirements of the MM from the PDF file?

I dont know much about EAs that territory belongs to Robdee as my mq4 skill are poor. The two of you can work on this together perhaps and send me the resluts before posting. Again I know of your reputation of being a skilled programmer but I need to make sure as poeples money is at stake. Thanks RR hope to hear from you soon.

FJ
1) Yes. I have found the EA to take the trades based on the signals it finds. The EA doesn't always find the right candle, but it knows when a candle is wrong.

2) Not entirely. I'm adding another trade mechanism right now so that there are two exit strategies allowed in the system. The end user will still have to calculate the value of each "sub trade"

I would love to fully integrate the indicator into the EA, and that would certainly save the hassle of my roundabout 'hack' to get the system automated.
  • #47
  • Mar 3, 2009 12:47am Mar 3, 2009 12:47am
Mer,

If traded correctly the system has a 70% chance of generating 30 pip min. The average trade in testing is 95 pips over 100 trades blocks. Largest gain 255 pips. The other 30% consists of trades ranging from 5 pips to less than 30 pips. These trades are mostly on mondays and Fridays.

FJ

Quoting mer071898
What kind of winning % are we looking at? 60, 70, 80%, or more?
Stacking pips since 2002
  • #48
  • Mar 3, 2009 12:52am Mar 3, 2009 12:52am
R,

Thanks for the speedy reply! PM me when you are ready for some testing.

FJ

Quoting Ronald Raygun
1) Yes. I have found the EA to take the trades based on the signals it finds. The EA doesn't always find the right candle, but it knows when a candle is wrong.

2) Not entirely. I'm adding another trade mechanism right now so that there are two exit strategies allowed in the system. The end user will still have to calculate the value of each "sub trade"

I would love to fully integrate the indicator into the EA, and that would certainly save the hassle of my roundabout 'hack' to get the system automated.
Stacking pips since 2002
  • #49
  • Mar 3, 2009 12:53am Mar 3, 2009 12:53am
FJ & Robdee,

Thanks for introducing this the great system. We appreciate all your hard work and help. Please keep them coming.

Kazal
  • #50
  • Mar 3, 2009 12:55am Mar 3, 2009 12:55am
Thanks for sharing. I have two questions:

1- How do you put "10 pips marker" on the chart?

2- Re. recent long signal at 3:45am IBFX chart, why do I get a green candle after 8 bars?

Thanks
Attached Image
  • #51
  • Mar 3, 2009 1:05am Mar 3, 2009 1:05am
Quoting Ronald Raygun
I would love to fully integrate the indicator into the EA...
Hi Ronald,

Here is the interface you need to use vForceAlerts as your signal generator.

if(iCustom(NULL,0,"vForceAlerts",0,0) != 0) // BUY signals are in buffer 0
{buysignal = True; buysignaltime = Time[0];}
if(iCustom(NULL,0,"vForceAlerts",1,0) != 0) // SELL signals are buffer 1
{sellsignal = True; sellsignaltime = Time[0];}

RobDee
  • #52
  • Mar 3, 2009 1:06am Mar 3, 2009 1:06am
Black,

The green candle show where the market price moved 10 pips beyond the signal candle (blue candle). No trade should have been taken though as it has been more than 4 candle since the signal. In this case we will ignore the green candle and wait for the next signal. The price tags are adjutable in the indicator properties. Simply set "Show Price Label" to "true"

FJ

Quoting Blackeagle
Thanks for sharing. I have two questions:

1- How do you put "10 pips marker" on the chart?

2- Re. recent long signal at 3:45am IBFX chart, why do I get a green candle after 8 bars?

Thanks
Stacking pips since 2002
  • #53
  • Mar 3, 2009 1:08am Mar 3, 2009 1:08am
Thanks Robdee.

How exactly do the buffers work? I would imagine they are set to "EMPTY_VALUE" or similar when a bar isn't painted, and then some value when they are?

If there is a version of the indicator posts to the data window that would be most appreciated.
  • #54
  • Mar 3, 2009 1:14am Mar 3, 2009 1:14am
Quoting Blackeagle
1- How do you put "10 pips marker" on the chart?
2- Re. recent long signal at 3:45am IBFX chart, why do I get a green candle after 8 bars?
1- open vForceAlerts properties and make sure ShowPriceLabels = True

2- There is no limit inside the indicator for when a green confirmation candle is painted. This is so we can continue to view and develop the trade entry parameters.

The 4 candle limit for confirmation is a trading rule based on Jedi's backtesting results.

The approach here is to give the trader as many signals and confirmations as we can (without overload) it is always a balancing act between too little and too much. My preference is for as little signal filtering as possible. The trader then makes the decisions.

Hope that helps everyone understand our approach. RD
  • #55
  • Mar 3, 2009 1:21am Mar 3, 2009 1:21am
Quoting Ronald Raygun
How exactly do the buffers work? I would imagine they are set to "EMPTY_VALUE" or similar when a bar isn't painted, and then some value when they are?
The buffers are standard indicator arrays, one value for every candle on the chart. A nonzero value represents a signal. Index zero is the current candle.

iCustom() is the cleanest way to integrate indicators with EAs. It loads an internal copy of the indicator not seen on the chart. RD
  • #56
  • Mar 3, 2009 1:24am Mar 3, 2009 1:24am
Thanks FJ.

Re. the trailing stop, you say " a stop 10 pips below the blue candle and a trail stop of 50 pips. Take 80% profit at 20 pips and let the rest ride till stopped out."

After we exit 80% profit at 20%, we still keep our stoploss for the rest of the position at 10 pips below the low of blue candle until current price level distances 50 pips away from initial stoploss (blue candle minus 10 pips) and then we start trailing by 50 pips. Is this correct?

Thanks
  • #57
  • Mar 3, 2009 1:25am Mar 3, 2009 1:25am
It looks like the buffer is nonzero the bar AFTER the painted signal bar. Is that supposed to happen?
  • #58
  • Mar 3, 2009 1:31am Mar 3, 2009 1:31am
Black,

When you set your pending also set a trail stop of 50 pips. Every single pip the market moves into profit so will your stop move a pip. So when youve taken 80% profit at 20 pips your stop would have already moved up with the market 20 pips and continue to do so. Hope this helps.

FJ


Quoting Blackeagle
Thanks FJ.

Re. the trailing stop, you say " a stop 10 pips below the blue candle and a trail stop of 50 pips. Take 80% profit at 20 pips and let the rest ride till stopped out."

[font=TimesNewRomanPSMT]After we exit 80% profit at 20%, we still keep our stoploss for the rest of the position at 10 pips below the low of blue candle until current price level distances 50 pips away from initial stoploss (blue candle minus 10 pips)...
Stacking pips since 2002
  • #59
  • Mar 3, 2009 1:37am Mar 3, 2009 1:37am
Quoting Ronald Raygun
It looks like the buffer is nonzero the bar AFTER the painted signal bar. Is that supposed to happen?
Correct, the signal candle must close before we know it is valid. As soon as it closes then we can generate an alert. Makes sense ?

If you want to see the alert timing on your chart, then set ShowAlertArrows=True. RD
  • #60
  • Mar 3, 2009 1:42am Mar 3, 2009 1:42am
Quote
If traded correctly the system has a 70% chance of generating 30 pip min. The average trade in testing is 95 pips over 100 trades blocks. Largest gain 255 pips. The other 30% consists of trades ranging from 5 pips to less than 30 pips. These trades are mostly on mondays and Fridays.

So what your saying is "if traded correctly" you win 100% of the trades taken?
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