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"vForce" the revolution

  • #361
  • Edited 10:21pm Mar 4, 2009 8:32pm | Edited 10:21pm

"The Force 5m" & "vForce" Chat Room Update


New SHORT URL: www.vforce.tk (Update your bookmarks to this site instead of the mibbit URL (we are using a new server and new chat channel name))
*We are having problems with IE users getting black screens when going into the website. I am aware of the problem and am working on it. Right now the only solution for it is to just use FIREFOX and there should be no problems at all.

If you use irc and have a software client (ie: mirc, xchat) for it here is the info for the server and channel name:

Server: irc.ircforex.com Port: 6667 (Default IRC port)
Channel: #theforce
Xchat: irc.ircforex.com/6667 channel: #theforce
Mirc: /server irc.ircforex.com channel: #theforce

*Remember This is a new server and new channel then the other one's posted on the thread so please update your bookmarks.

Now we will be using the same channel for both systems. As Forexjedi explained these two systems will work together in getting you extra pipes due to the fact that vForce only does so many signals a day.
*Remember this does not mean that you can post "vForce" charts/information in "The Force 5m" thread and do not post "The Force 5m" charts/information in "vForce" thread.
Time is what keeps everything from happening "right now".
  • #362
  • Mar 4, 2009 10:48pm Mar 4, 2009 10:48pm
Quoting forexjedi
Trades so far today are numbered at 2. The first trade is a loosing trade. If one knows their PA which we will begin learning in the advanced vForce launching soon they could have exited at the higher low shown in the chart below. Trade 2 is still in progress and is profiting nicely. Chart below.
How could that be with a trailing stop of 50 pips? The local high was about 1.2591, the low after that about 1.2539:
Attached Image (click to enlarge)
Click to Enlarge Name: vforcechart15min.gif Size: 16 KB
  • #363
  • Mar 4, 2009 11:02pm Mar 4, 2009 11:02pm
Quoting robdee
Hey goldsurfer, if you have a way cool chart template how about posting it here for everyone to see ?

ShowChartArrows is disabled by default because they are basically a distraction from the main focus which is the signal candles. So I have not attempted to make them cool.

You can of course adjust the arrow size and colours. On the Colors tab the first two lines (0 & 1) represent the arrows. Use the Width property to control the size of the arrows. It is at maximum (5) by default. RD
Hi Rob

I actually am a big fan of Synergy(free) and THV3(another method in FF), but mostly do a 5m so I can always use another chart. I am seeing winning trades using my filters without waiting for the signal candle, so I like the arrows. I'm just used to the solid colored arrows, my templates are way uncool!! I have a warped since of humor, was my way of complimenting you saying the arrows were bad, hope you understood that.

Nice trades today on the Euro/Yen which I qualified like I do with my other trades, one at 16:15 gmt going long and a smaller short just after the Asian open. You guys say just for the Euro, can you elaborate a wee bit?

regards
Goldsurfer
  • #364
  • Mar 4, 2009 11:19pm Mar 4, 2009 11:19pm
X,

Good observation. If one had followed by the rule they would have been stopped where you mention in your post. Later when we get to the advanced version I will show how one could have also stayed in the trade using PA and SR. I appreciate you pointing this out. Than you for your post. Please stay tuned on Monday when I go over the adcanced version and explain my logic.

FJ


Quoting Xaron
How could that be with a trailing stop of 50 pips? The local high was about 1.2591, the low after that about 1.2539:
Stacking pips since 2002
  • #365
  • Mar 4, 2009 11:23pm Mar 4, 2009 11:23pm
Thanks forexjedi, I really appreciate it.

I could imagine to use something like 1-2-3 swing high/lows (higher highs with higher lows) to trail the stop...
  • #366
  • Mar 4, 2009 11:41pm Mar 4, 2009 11:41pm
X,

Obviously you may have most of it figured out my friend. One could tell by the style of your terms from the previous post. There will also be fibs, Pivots, TLs and patterns to help people along. I hope to see you around with some comments next week.

FJ

Quoting Xaron
Thanks forexjedi, I really appreciate it.

I could imagine to use something like 1-2-3 swing high/lows (higher highs with higher lows) to trail the stop...
Stacking pips since 2002
  • #367
  • Edited 2:30am Mar 5, 2009 1:21am | Edited 2:30am
Hi,

This looks very interesting!

I just got a green candle but it didnt go the full 10 pips below the low of the red candle (1.25845 - 10 pips) = 1.25745

The low of the now green candle was only 1.25808

Am I missing something here ?

Thanks

WG
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd vforxce signal.gif Size: 26 KB
  • #368
  • Mar 5, 2009 1:33am Mar 5, 2009 1:33am
Quoting Willowgal
Hi,

This looks very interesting!

I just got a green candle but it didnt go the full 10 pips below the low of the red candle (1.25845 - 10 pips) = 1.25745
Same here. But nevertheless the trade has been filled now, so I don't care about any green "signal" candles.

edit: Here's a screenshot to display that "issue"
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15m.png Size: 6 KB
  • #369
  • Mar 5, 2009 1:47am Mar 5, 2009 1:47am
Robdee, Thanks for this EA. I've added it to my main set up and It's a true gem and I can't thank you enough. Now I find my good entries, Take them and let the EA do the rest.

Quoting robdee

In the Force5 we have been using UpdateStops to manage stops in a two stage process. First move SL to BE (breakeven) then apply the TrailingStop after that.

See UpdateStops at this post 2346
http://www.forexfactory.com/showpost...postcount=2346
  • #370
  • Mar 5, 2009 1:49am Mar 5, 2009 1:49am
Hi,

I've been following the thread and all the nice things, wanted to post my first trade just for interest sake cause there were more than one signal but only one were met.

T/P were set on 20pips so yea...nice
Attached Image (click to enlarge)
Click to Enlarge Name: first demo trade on odl mt4.gif Size: 55 KB
  • #371
  • Mar 5, 2009 2:00am Mar 5, 2009 2:00am
Sweet lil trade, hoping it becomes a big trade as I have a lil trailer on it

Impressive!

regards all
  • #372
  • Mar 5, 2009 2:04am Mar 5, 2009 2:04am
The force and Vforce Combined have made me alot of pips this week!!Thanks again Mr. Jedi & Robdee!!


NewAgeInvestments
a.k.a I love pips !!!
  • #373
  • Mar 5, 2009 3:19am Mar 5, 2009 3:19am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
This looks interesting. I'll have to follow along. I don't think I'll trade it blindly, but following along with S/R and PA seems good.

Today, see an Evening Star, leaving supply and colored red. Followed by double low that broke to the downside before the green even triggered. Seems like that increases probability of trade.

Yesterday, I would've passed on 1st trade trying to sell on new lows that haven't been seen since last year.

Trade 2 is interesting because we get that blue candle into a supply zone. Based on how I trade now, I wouldn't have paid attention to that candle. The green trigger candle would prove resistance not holding and moving to 2579 - 2596 next supply to left of chart. Normally I would play the pullback, but still have doubts about the trade. This may add probabilities if it looks like the market is breaking out, and we see these confirmations. Question actually - assume we flip flop the pin bar with the green bar, then that trade wouldn't be valid right? B/c that's triggering on bar 5?

In any case, I think I'll be able to add this to my trading toolbox. Looking forward to the PA S/R stuff you've got coming up.
Attached Image (click to enlarge)
Click to Enlarge Name: mar 5 v force.jpg Size: 88 KB
"Wishful thinking dies hard." Igor T.
  • #374
  • Mar 5, 2009 4:25am Mar 5, 2009 4:25am
Hi Willow,

if a candle closes below the signal candles low, it also gets painted green. That's the reason. Don't get confused by that.
I guess to start a trade here, would probably belong to the "advanced" ruleset. Who knows..

Cheers, Lowen



Quoting Willowgal
Hi,

This looks very interesting!

I just got a green candle but it didnt go the full 10 pips below the low of the red candle (1.25845 - 10 pips) = 1.25745

The low of the now green candle was only 1.25808

Am I missing something here ?

Thanks

WG
  • #375
  • Mar 5, 2009 4:37am Mar 5, 2009 4:37am
I have no connection with IBFX broker at this moment on both Demo and Live accounts. It's normal?????
  • #376
  • Edited 4:58am Mar 5, 2009 4:43am | Edited 4:58am
RobDee or Forexjedi,

I have a Q concerning the Trailing Stop.
I read the thread and found some answers from Jedi, but sth is not clear to me:

ForexJedi said:
Quote
"When you set your pending order 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."

But lets say, the initial SL is lower than -50, say it's -60 (related to the rules of high/low of signal candle +/- 10)
Does this SL make sense when I directly set a TS of 50?

I would say no, as the stop would immediately jump up to the 50TS.
So is it correct because of the Trailing Stop, 50pips is the biggest stop I can get?


Concerning UpdateStops.mq4:
How would I set the settings for VForce?

Would these settings work (including the Trailing, as it says this only initiates after moving stop to BE)?
Inserted Code
extern int    TakeProfit1        = 20;   // close part of the trade when this target is reached
extern int    TakeProfit2        = 0;   // close part of the trade when this target is reached
extern int    TakeProfit1Percent = 80;   // percentage of trade to close when TakeProfit1 is reached
extern int    TakeProfit2Percent = 0;   // percentage of trade to close when TakeProfit2 is reached
extern int    HardStop           = 0;   // if SL is missing then SL will be added using HardStop value (0 means disabled)
extern int    MoveStop           = 0;   // move stop to BE (breakeven) when this profit target reached (0 means disabled)
extern int    TrailingStop       = 50;    // AFTER stop is moved to BE, the stop is trailed pip for pip (0 means disabled)
extern int    MaxBrokerSlippage  = 2;    // do not take profit if broker slippage is greater than MaxBrokerSlippage


Thanks for your answer,
Lowen
  • #377
  • Mar 5, 2009 5:02am Mar 5, 2009 5:02am
Quoting atfx
I have no connection with IBFX broker at this moment on both Demo and Live accounts. It's normal?????
I am also on IBFX and my connection is fine ..... Must be Your internet service provider or just log back on . That what seems to work for me , expecially during heavy volume for trading days , they get bogged down at times , and must relog on to system ...... buffalopip...
  • #378
  • Mar 5, 2009 5:19am Mar 5, 2009 5:19am
Took cool 40 pips from the last signal, now another signal is in the works too will wait and see
Add value everyday in Pips
  • #379
  • Mar 5, 2009 5:45am Mar 5, 2009 5:45am
Quoting Pip-Stud
Took cool 40 pips from the last signal, now another signal is in the works too will wait and see
hehe I guess that 2nd signal is obsolete now:

Attached Image


[EDIT] ..but it gives us a SELL Signal now
  • #380
  • Mar 5, 2009 5:54am Mar 5, 2009 5:54am
Quoting Lowen
hehe I guess that 2nd signal is obsolete now:

Attachment

[EDIT] ..but it gives us a SELL Signal now
Yes pls how do you attach chart
Add value everyday in Pips
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