"vForce" the revolution | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

vFORCE EU Only 273 replies

It’s our job to trade "Futures" not "Histories", by Joe Ross 7 replies

vForce EA 18 replies

Attachments: "vForce" the revolution
Exit Attachments

"vForce" the revolution

  • #81
  • Mar 3, 2009 4:42am Mar 3, 2009 4:42am
Quoting jurn_e
This is my 1st vforce Sell Stop activation. Lets see where it goes!

what you have there is entirely different from what I have here in alpari UK chart. as you can see from the attachment no trade is triggered

Pls Jedi how do we explain this.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: vforce.gif Size: 18 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #82
  • Mar 3, 2009 4:49am Mar 3, 2009 4:49am
Quoting Kosomolate
what you have there is entirely different from what I have here in alpari UK chart. as you can see from the attachment no trade is triggered

Pls Jedi how do we explain this.

kos
I have IBFX as well and my chart looks like this one. I have no reason why the chart he posted from IBFX looks different than ours.
  • #83
  • Mar 3, 2009 4:50am Mar 3, 2009 4:50am
Quoting jurn_e
What is the error in my charts. Let me know because i cant identify it. I m using default settings.
I dont think is your fault but if Euro brake out from the bottom for about 130 pips up move and you have no signal for that then some thing is missing somewhere. Mine is like KOSOMO above and I think that should be correct
  • #84
  • Mar 3, 2009 4:55am Mar 3, 2009 4:55am
Quoting robdee
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
Yes , Thanks . No issue just that I have a choice of which feed to use as
I am switching brokers so might as well use one that is proven reliable .
  • #85
  • Mar 3, 2009 4:56am Mar 3, 2009 4:56am
Different brokers, slightly different data (= prices), a lot of indicators involved => different signals.

Quoting Kosomolate
what you have there is entirely different from what I have here in alpari UK chart. as you can see from the attachment no trade is triggered

Pls Jedi how do we explain this.

kos
  • #86
  • Mar 3, 2009 5:01am Mar 3, 2009 5:01am
Hi All

Mine on FXDD platform looks like this, which is different. Notice the blue candle at 5.30 AM (am trading in the UK). Few pips profit.

Dedyal
Attached Image (click to enlarge)
Click to Enlarge Name: UD 15M.jpg Size: 85 KB
  • #87
  • Mar 3, 2009 5:09am Mar 3, 2009 5:09am
Why don't you guys create an EA for the system? In this case that is an easy task if you compare it to developing the indicator?

R

Quoting forexjedi
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
  • #88
  • Mar 3, 2009 5:10am Mar 3, 2009 5:10am
Quoting blueskies
Like jurn_e, I use IBFX.

However, I notice that my data feed and his are different! Please see my attached chart, in parcticular the right-most green candle (start time = 06:00 GMT). The next candle after this green candle (start time = 06:15GMT) has same Open and Close price. However, on jurn_e's chart, the 06:15GMT candle has different Open and Close prices. This is an obvious difference.

I am not sure whether there are more differences.

The more serious problem is the vForce indicator on my chart gives a red candle that is different from...


Hey blueskies is your ibfx Live account? Coz my ibfx is demo, i use ibfx for charting analysis but trade live on fxdd.
I use ibfx for charts because Force 5 min system recommends using ibfx.
Pivot Boss in the making~
  • #89
  • Mar 3, 2009 5:18am Mar 3, 2009 5:18am
Quoting jurn_e
Hey blueskies is your ibfx Live account? Coz my ibfx is demo, i use ibfx for charting analysis but trade live on fxdd.
I use ibfx for charts because Force 5 min system recommends using ibfx.
I am live. My charts look like all the others from IBFX posted besides yours.
  • #90
  • Mar 3, 2009 5:25am Mar 3, 2009 5:25am
wow, then i am damned..
Pivot Boss in the making~
  • #91
  • Mar 3, 2009 5:25am Mar 3, 2009 5:25am
FJ and Robdee, this is great!, you both really amaze me by your dedication to helping others!!!

Query??

With the 50 pip trailing stop is this the standard MT4 TS?

Or is this a special script that would kick in as soon as you get 1 pip profit? (ie 50 pip TS moves 1 pip in your direction)?

Or do you just do it manually?

Many thanks
  • #92
  • Edited 5:38am Mar 3, 2009 5:29am | Edited 5:38am
Reason I asked original question ? This chart is forex.com , GAIN .
To clarify , I meet with a forex group weekly . We all use various
brokers and often notice how different our charts look at exactly
the same time . Rob will know if this is a problem .
Attached Image (click to enlarge)
Click to Enlarge Name: vforce.gif Size: 10 KB
  • #93
  • Mar 3, 2009 5:32am Mar 3, 2009 5:32am
Quoting jurn_e
wow, then i am damned..
Mine looks like yours.
It's an IBFX demo.
  • #94
  • Mar 3, 2009 5:33am Mar 3, 2009 5:33am
Thank you guys for sharing this system, it looks very promising.

About that two trades on chart, they both seems to be a looser, is there any reason why I should't take that trades?? It was australia session, should we only trade London and N.Y.sessions??

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: test vforce.gif Size: 30 KB
  • #95
  • Mar 3, 2009 5:35am Mar 3, 2009 5:35am
Some statistics from last week:

  1. 22 signals, app 4 signals a day
  2. half of signals gave SL; 10 pip SL is tight and often hit (position was closed when +20 pips hit, so in reality the profit would have slightly better)
  3. totally +90 pips for the week

... but for that you need to monitor the system 24 h a day, which is simply not reasonable

So you can ask - even the system would profitable (one week is way too short a time period for reliable evaluation) - is it's perfomance good enough... as it is only adapted for one pair?

IMO all those who propose a system should provide at least two months live statistics (performance) for their system. If they can not do that, then the system is simply not published in this forum. This kind of requirement would save a lot of time from all of us. And it would also greatly decrease the amount of ad-hoc systems proposed.

  • #96
  • Mar 3, 2009 5:35am Mar 3, 2009 5:35am
Quoting JoelD
FJ and Robdee, this is great!, you both really amaze me by your dedication to helping others!!!

Query??

With the 50 pip trailing stop is this the standard MT4 TS?

Or is this a special script that would kick in as soon as you get 1 pip profit? (ie 50 pip TS moves 1 pip in your direction)?

Or do you just do it manually?

Many thanks
The MT4 trailing stop doesn't work as he described.
It would require a script or you would have to do it manually.
  • #97
  • Edited 5:51am Mar 3, 2009 5:37am | Edited 5:51am
Hi guys,
thank you very much for sharig this with us.

I just took profit on the short signal from the ibfx demo feed.
(closed with +33)

I have a question:
Currently I have no funded MT4 account. There is an empty ibfx live account I own, but I am not too happy to fund it again.

So I want to excecute orders on oanda.
Any idea how to take profit on 80% of the position on oanda and trail the remaining lot?
EDIT: Or an alternative exit strategy like 1:1 RR to keep things simple?
  • #98
  • Mar 3, 2009 5:46am Mar 3, 2009 5:46am
Quoting Rocroy
Some statistics from last week:

  1. 22 signals, app 4 signals a day
  2. half of signals gave SL; 10 pip SL is tight and often hit (position was closed when +20 pips hit, so in reality the profit would have slightly better)
  3. totally +90 pips for the week

... but for that you need to monitor the system 24 h a day, which is simply not reasonable

So you can ask - even the system would profitable (one week is way too short a time period for reliable evaluation) - is it's perfomance good enough... as it is only adapted for one pair?

IMO...

It isn't a 10 pip SL. It's 10 pips from the opposite H/L of the red or blue candle.
This could be 50-70-100 pips, depending the size of the candle.

I don't agree with you about requiring a backtest before a system can be posted. If I were buying a system, I would expect that.
These systems are given out free. One doesn't place a demand on a gift.
  • #99
  • Mar 3, 2009 5:54am Mar 3, 2009 5:54am
An urgent maintenance update is required.

I connected to an FXPro server to test all the vForceAlerts functions with 5-decimal and 3-decimal prices.

I could see calculations that were out by a factor of 10. vForceVol was ten times what it should have been so several more signals were appearing on FXPro than on the 4-decimal charts. This was an error.

If you use a 4-decimal pricing broker (like IBFX) then your vForce charts were correct. Only the 5-decimal charts were affected.

These issues are now resolved in the attached update. With this version all users now have the same ConfirmPips=10 regardless of broker decimal digits.

I have also had feedback about the price labels and have added a RightSideLabels=True/False option in user settings.

This version of vForceAlerts is V20090304
Attached File(s)
File Type: ex4 vForceAlerts.ex4   13 KB | 6,049 downloads
  • #100
  • Mar 3, 2009 5:56am Mar 3, 2009 5:56am
Quoting gasgas
Thank you guys for sharing this system, it looks very promising.

About that two trades on chart, they both seems to be a looser, is there any reason why I should't take that trades?? It was australia session, should we only trade London and N.Y.sessions??

Regards,
Hi gasgas

If you read earlier in this thread, I believe that FJ makes comment about some trades that don't reach the initiat TP of 20 pips, this are usually on Mondays and Fridays. To make sure that I have not misquoted him, please read earlier posts.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
0 traders viewing now