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"vForce" the revolution

  • #201
  • Mar 3, 2009 3:40pm Mar 3, 2009 3:40pm
I saved both the indicator and template respectively, but when I try to load the template on my chart my alpari plartform crashes, Any clue to why this crash occurs? Please
Add value everyday in Pips
  • #202
  • Mar 3, 2009 3:41pm Mar 3, 2009 3:41pm
Also, once in the trade, and you have taken your 80% off the table, do you just let it run with the trail stop until it gets stopped out? Or pull the trade at a solid support? Just wondering
Managing the trade seems the more likely treatment.
  • #203
  • Mar 3, 2009 3:46pm Mar 3, 2009 3:46pm
Quoting forexjedi
Blanca,

The indicators will not be release in order to protect the intergrity of the system. They are all listed in the PDF on post 1. If youd like you can bring up your chart and experiment but please dont post your findings here. This thread is in stage 1 of a three stage launch process that is designed to get traders confident in the system without changing antyhing. 90% of a systems success is based on the trader. If I releasse the indicators and theyre setting I know that people will change the settings with the thought it would be more profitable...
Hi forexjedi..

I agree with you 100% please don't release your indicators and settings. The only thing that will do is confuse everyone because zillions of people will change and add and delete things and then post them. All you have to do is look at some other well known threads on this forum and you will see what happens to them as people try to reinvent your system. I can't tell you how many 200-500 page threads I've read through and was even more confused after I had finished. Let's keep this simple and stick to your 3 stage implementation plan.

PS - To all of the EA people out there - if you want to discuss and build an EA can you please start another thread and not clutter up this one with that discussion. I find that it just distracts form the main topic of the thread.
  • #204
  • Mar 3, 2009 3:47pm Mar 3, 2009 3:47pm
If your trading 0.10 lots then you will close 0.08 lots at 20 pips profit and the remaining 0.02 lots you will allow to ride with a 50 pip trailing stop.

TimeFreedom

Quoting R Richards
Thanks for the replies. Another question. As per your rules: take 80% profit at 20 pips, then you are saying use 3 lots, or ?
  • #205
  • Mar 3, 2009 3:49pm Mar 3, 2009 3:49pm
Not all brokers allow this. I have one that does, and one that doesn't.
  • #206
  • Mar 3, 2009 4:04pm Mar 3, 2009 4:04pm
Quoting R Richards
Also, once in the trade, and you have taken your 80% off the table, do you just let it run with the trail stop until it gets stopped out? Or pull the trade at a solid support? Just wondering
Managing the trade seems the more likely treatment.
Hi R Richards...

The answer to your questions is "it depends" on what type of trader you are! If you're a person looking for the big home run trade and you don't mind getting stopped out 9 outta 10 times as long as you get that one big home run trade than you will leave the trade run until you get your hone run or it is stopped out.

If you are a person who can't stand watching as your 40-50-60 pip trade falls back to your break even position then you would take profits before that happens. Forexjedi has already stated that 70% of these trades will result in a 30 pip win. So in my mind if I am playing the odds I'm going to close at least part of my trade at 30 pips.

I've done both and I know which type of trader I am, do you know what type of trader you are?

Again, alot of this depends on where the nearest Support & Resistance levels are located in relationship to where the current price is. Remember - Buyers buy at support and sellers sell at resistance.
  • #207
  • Mar 3, 2009 4:19pm Mar 3, 2009 4:19pm
Thanks OZ
  • #208
  • Mar 3, 2009 5:23pm Mar 3, 2009 5:23pm
hi all

well im the 1st to say i cant get this to work,i cant even get to save the indicator properly to my document box,i have it there then press extract all and it says its empty

is there a different place to save it ,so i can decompress it,i am hopeless with computers

thanks john
  • #209
  • Mar 3, 2009 5:23pm Mar 3, 2009 5:23pm
Quoting ozziedave
... if you want to discuss and build an EA can you please start another thread and not clutter up this one with that discussion. I find that it just distracts form the main topic of the thread.
OzzieDave, Thanks for your post. I agree 100% with your comments.

All the feedback from fellow traders and many interesting posts in this forum are thrilling, especially after all the work we have put into this. This is a truly great project to be involved in.

I am a programmer and an educator. I develop indicators and EAs. I manage all my trades with EAs. Given my interest and skills in you might be surprised that I don't want automation in this thread. As I said before...

"Trying to develop or provide support for automation 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."

The simple purpose of this thread is to learn what ForexJedi has already developed. He knows with certainty that vForce is profitable or he wouldn't have released it. This means that our focus here is coming to a full understanding of how ForexJedi uses vForce. We show our respect for his work and learn to become profitable a lot faster not by attempting to re-invent his creation but by focusing on what he says.

This is a unique and fun journey together. Keep those posts rollin' in. Please vote for this thread so we can get as many ratings as possible. This is a revolution - the Jedi way! RD

ForexJedi your system is the Genius of Simplicity
  • #210
  • Mar 3, 2009 5:31pm Mar 3, 2009 5:31pm
True. No EA plz.
Pivot Boss in the making~
  • #211
  • Mar 3, 2009 5:33pm Mar 3, 2009 5:33pm
WLFX,

I took 80% at +20. I was not sure the price would go deeper its a risk but it paid off. The system has a 70% chance of 30 pips. Thus I take 80% at 20 pips and let the rest ride. Please make sure you read all the posts on the thread to stay caught up.

FJ

Quoting Wlfx
Thank you for your reply FJ...Sorry me you'r right about trade 1...(just do not notice DT). But i do not understand how you make 137pips move down...Entry was at 1.2817 and goes to 1.2757(40pip move) don't you take any actions ????For example move SL to BE or even into +10zone ??? If though price then pulls back into 1.2830...You did nothing and let it go ?Risk already gained 40 pips ? How you were sure that price will go deeper ? Thank you.
Stacking pips since 2002
  • #212
  • Mar 3, 2009 5:36pm Mar 3, 2009 5:36pm
R,

Never risk more than 1% on any trade. Take 1% of your equity and risk that. but dont go over 1%. The calculation is as follows. equity * 1% / pips at risk = lot size. Do your best to close as much as 80% at 20 pips.

FJ

Quoting R Richards
Thanks for the replies. Another question. As per your rules: take 80% profit at 20 pips, then you are saying use 3 lots, or ?
Stacking pips since 2002
  • #213
  • Mar 3, 2009 5:40pm Mar 3, 2009 5:40pm
des,

Let me help you with this but first who si your broker. I assume your using MT4? Did you read the end of the PDF file on post 1?

FJ

Quoting desperate
hi all

well im the 1st to say i cant get this to work,i cant even get to save the indicator properly to my document box,i have it there then press extract all and it says its empty

is there a different place to save it ,so i can decompress it,i am hopeless with computers

thanks john
Stacking pips since 2002
  • #214
  • Edited 5:49pm Mar 3, 2009 5:47pm | Edited 5:49pm
Quoting forexjedi
des,

Let me help you with this but first who si your broker. I assume your using MT4? Did you read the end of the PDF file on post 1?

FJ
i downloaded interbank and iread the pdf file

sorry for this i have just worked this out ,i feel so bumb sorry
  • #215
  • Mar 3, 2009 5:55pm Mar 3, 2009 5:55pm
Thank you very much for all the work put to develop this. It's really appreciated!

One question, though. Forexjedi, I know you were using InterbankFX for the statistics/testing, and I've compared your charts to mine (I use InterbankFX standard Demo account, the one with 12 FX pairs). Still, there seems to be some slight differences in the position of the red/blue candles, which could skew the final results.

I've backtested and found that this could have a certain heavy bearing. I could try to know more, but since the indicator is locked (rightfully so), I'm not sure how it works in depth.

So, if it's no inconvenience, I'd like to know if... based on your testing, the change of data feed will interfere too much in the final result. And also, specifically which data feed are you using (to try and replicate the same results, if needed)?

Thanks again for the attention. Cheers!
  • #216
  • Mar 3, 2009 6:11pm Mar 3, 2009 6:11pm
Lazy,

I have several accounts with different broker and I use a IBFX demo for all my charts, testing and trade signals. IBFX is my main hub for everything. Hope this helps.

FJ

Quoting LazyPip
Thank you very much for all the work put to develop this. It's really appreciated!

One question, though. Forexjedi, I know you were using InterbankFX for the statistics/testing, and I've compared your charts to mine (I use InterbankFX standard Demo account, the one with 12 FX pairs). Still, there seems to be some slight differences in the position of the red/blue candles, which could skew the final results.

I've backtested and found that this could have a certain heavy bearing. I could try to know more, but since the indicator is locked (rightfully...
Stacking pips since 2002
  • #217
  • Mar 3, 2009 6:16pm Mar 3, 2009 6:16pm
Traders,

Rob and I would like to know how were doing and what people think of the system. We would appreciate it if people can rate our thread or vouch for us. To rate the thread is easy. There is a rating system in the top right hand corner of the thread were the page numbers are displayed. This will give us a true idea of what people think.

FJ
Stacking pips since 2002
  • #218
  • Mar 3, 2009 6:17pm Mar 3, 2009 6:17pm
I thought I'd try out the system on GBPUSD and I had 2 trades that were both positive. I typically use support & resistance to judge my entries. The green lines are the S&R levels and the purple circles are the 2 trades I took. Both trades were against the long term trend so you "typically" wouldn't expect either trade to run for hundreds of pips.

Just a word of caution that no system/methodology should be traded blindly just because it produces a signal. You must evaluate/analyze the current price and determine if you think there are enough factors in your favour before you press the trade button.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp trades 030309 t1.gif Size: 34 KB
  • #219
  • Mar 3, 2009 6:23pm Mar 3, 2009 6:23pm
Ozzie,

I have had positive results also when testing this pair. WhenI feel satisfied with the results ill start supporting it here. In the mean time if anyone is going to trade outisde pairs do so at your own risk as I cant guarantee any long term positive results at the moment. Since the GU is more volatile the settings and TP ect.. must be different I suspect. Ill keep everyone updated and thanks for posting your results Ozzie.

FJ

Quoting ozziedave
I thought I'd try out the system on GBPUSD and I had 2 trades that were both positive. I typically use support & resistance to judge my entries. The green lines are the S&R levels and the purple circles are the 2 trades I took. Both trades were against the long term trend so you "typically" wouldn't expect either trade to run for hundreds of pips.

Just a word of caution that no system/methodology should be traded blindly just because it produces a signal. You must evaluate/analyze the current price and determine if you think there are enough...
Stacking pips since 2002
  • #220
  • Mar 3, 2009 6:35pm Mar 3, 2009 6:35pm
Just wanting someone to look at this to see if i am seeing it right. This appears to be a failed trade, because the Trailing stop never got hit, and so price continued down to hit the Stop Loss. I would have pulled it sooner to stop the bleeding though. Just wanting to clarify what i am seeing. Failed trades do happen, it's part of the game.
Attached Image (click to enlarge)
Click to Enlarge Name: Vforce example trade.gif Size: 87 KB
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