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"vForce" the revolution

  • #61
  • Mar 3, 2009 1:43am Mar 3, 2009 1:43am
Robdee & Forexjedi
This is exciting just as I was getting started on the 5 min you guys come up
with something better . Rob I see in the other thread you spoke of your
preference for ibfx as the MT4 server . I`m sure you have this set up to work
on any Mt4 broker yet I wonder if you tested it on ibfx ? What about the
server time from GMT ? Make any difference ? Thanks guys !
glass
  • #62
  • Mar 3, 2009 1:44am Mar 3, 2009 1:44am
well done boys,great job

will read the doc tomorrow,without any distractions,have a great night
  • #63
  • Mar 3, 2009 1:46am Mar 3, 2009 1:46am
Mer,

Not exaclty, the idea is to have a good RR. You could potentially win almost all the time if your TP is 5pips or less. Its not woth it to do that when you can net many more pips than that by letting the trade ride.

As I have previously stated

"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
So what your saying is "if traded correctly" you win 100% of the trades taken?
Stacking pips since 2002
  • #64
  • Mar 3, 2009 1:50am Mar 3, 2009 1:50am
Quoting glass
Rob I see in the other thread you spoke of your
preference for ibfx as the MT4 server. I`m sure you have this set up to work
on any Mt4 broker yet I wonder if you tested it on ibfx ?
Glass, Not quite sure what you think the issues are here.

I can confirm that my first preference for charting is using IBFX. All our development work and testing has been done using IBFX data feed which we think is superior. I have also seen a nice data stream coming from FxPro.

Timezones have no affect on vForceAlerts, it calculates relative volume based on price action not time of day.

Hope this answers your question ? RD
  • #65
  • Mar 3, 2009 1:58am Mar 3, 2009 1:58am
Quote
Not exactly, the idea is to have a good RR. You could potentially win almost all the time if your TP is 5pips or less. Its not woth it to do that when you can net many more pips than that by letting the trade ride.

As I have previously stated

"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."
Sorry, the way you have it worded, in my opinion, comes across as saying you've basically won all your trades and they've ranged from 5 to 255 pips.

So I guess my question can be put like this. If you have made 100 trades, how many on average will be losing trades, even if it's just -1 pip?
  • #66
  • Mar 3, 2009 2:06am Mar 3, 2009 2:06am
Mer,

10% of my trades will loose about 20 pips. The other 20% ill close at BE or with a small profit. The rest profit at least 30 pips. Hope this gets this question resolved. The factor is greed and how well you know your pair.

Quoting mer071898
Sorry, the way you have it worded, in my opinion, comes across as saying you've basically won all your trades and they've ranged from 5 to 255 pips.

So I guess my question can be put like this. If you have made 100 trades, how many on average will be losing trades, even if it's just -1 pip?
Stacking pips since 2002
  • #67
  • Mar 3, 2009 2:17am Mar 3, 2009 2:17am
Quoting forexjedi
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
FJ, sorry but it is not clear. Let's say entry price is 1.2600 and low of blue candle is at 1.2540, now initial stoploss is at 1.2530. Assuming price went up to 1.2610, am I going to move stop to 1.2540? If this is the case, we are not trailing stop of 50 pips, we are trailing stop by 70 pips.

If above is not correct and we are always going to trail the stop by 50 pips, then why do we need an initial stoploss of "low of blue candle minus 10 pips"?

I hope I could express myself clearly.

Thanks for your time.
  • #68
  • Mar 3, 2009 2:17am Mar 3, 2009 2:17am
Hi forexJedi and robdee,

this is another good one from your staple. I am still enjoying the 5Min system and this one vforce. Even from the number of both FF members and non members viewing this thread, (we are 88 as I type this) one would know that your work is rated high


off to the charts just one week demo and it will hit LIVE charts

thanks a million time for the selflesness

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #69
  • Mar 3, 2009 2:23am Mar 3, 2009 2:23am
Awesome FJ! we at the Force chat finally found out what u were up to all this while missing in action.

I m gonna try out this system!!

The Force family misses u badly.
Pivot Boss in the making~
  • #70
  • Mar 3, 2009 2:31am Mar 3, 2009 2:31am
Black,

By placing the stop at the low/high of the candle +10 pips you aare giving the trade room to breath. Once the trade oves into profit then the TS will take action and move from wherever it is. Example- long signal occures (blue candle) at 2600. The low of the blue candle is 2540 like you state below plus another 10 pips make the stop -70 pips. This gives the trade room to breath if need be. Once the trade moves to say 2610 your stop will now be moved to 2560 and trail the market price by 50 pips. You can do this manually or set it in your MT4 option with a script. The idea is to have you stop 50 pips below/above the highest/lowest market price of he direction of you trade once your trade has been initiated. Only start moving your stop once your in profit. If your up 30 pips your stop should be -20 pips. At that point you would have already banked 80% at 20 pips.

FJ

Quoting Blackeagle
FJ, sorry but it is not clear. Let's say entry price is 1.2600 and low of blue candle is at 1.2540, now initial stoploss is at 1.2530. Assuming price went up to 1.2610, am I going to move stop to 1.2540? If this is the case, we are not trailing stop of 50 pips, we are trailing stop by 70 pips.

If above is not correct and we are always going to trail the stop by 50 pips, then why do we need an initial stoploss of "low of blue candle minus 10 pips"?

I hope I could express myself clearly.

Thanks for your time.
Stacking pips since 2002
  • #71
  • Mar 3, 2009 2:33am Mar 3, 2009 2:33am
Jurn,

Now that this project is complete I will be spending more time in the chat. I hope you enjoy. Put this in your arsenal to add to your weekly pip stack. Nice to see you here. Spread the word.

FJ

Quoting jurn_e
Awesome FJ! we at the Force chat finally found out what u were up to all this while missing in action.

I m gonna try out this system!!

The Force family misses u badly.
Stacking pips since 2002
  • #72
  • Mar 3, 2009 3:07am Mar 3, 2009 3:07am
Thanks a lot FJ, it is clear now.
  • #73
  • Mar 3, 2009 3:10am Mar 3, 2009 3:10am
My first trade on GU .. using Vforce +20 +10

http://i452.photobucket.com/albums/q...ceTrade1GU.jpg

Hoichoi
  • #74
  • Mar 3, 2009 3:23am Mar 3, 2009 3:23am
fxj and rd - thanks for sharing your work so freely. Very generous indeed.

  • #75
  • Mar 3, 2009 3:25am Mar 3, 2009 3:25am
Quoting forexjedi
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

Why a GU trade hoichoi
  • #76
  • Mar 3, 2009 4:00am Mar 3, 2009 4:00am
This is my 1st vforce Sell Stop activation. Lets see where it goes!
Attached Image (click to enlarge)
Click to Enlarge Name: log110.gif Size: 23 KB
Pivot Boss in the making~
  • #77
  • Mar 3, 2009 4:07am Mar 3, 2009 4:07am
After all I learnt from you rob and fxjeddi Im excited to join your train again, Just downloaded and will get down to work as soon as possible. I thanks, Im sure we will all have fun in this thread
Add value everyday in Pips
  • #78
  • Mar 3, 2009 4:26am Mar 3, 2009 4:26am
Quoting jurn_e
This is my 1st vforce Sell Stop activation. Lets see where it goes!
You might want to recheck your settings. Your chart is not accurate.
  • #79
  • Mar 3, 2009 4:37am Mar 3, 2009 4:37am
What is the error in my charts. Let me know because i cant identify it. I m using default settings.
Attached Image (click to enlarge)
Click to Enlarge Name: log110.gif Size: 23 KB
Pivot Boss in the making~
  • #80
  • Mar 3, 2009 4:40am Mar 3, 2009 4:40am
Quoting deefx
You might want to recheck your settings. Your chart is not accurate.
His/her chart is correct mate. Because that chart is exactly the same as the one FJ posted on #11.
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