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"vForce" the revolution

  • #441
  • Mar 5, 2009 11:39am Mar 5, 2009 11:39am
I think they are saying six digit NOT six decimal.
  • #442
  • Edited 12:44pm Mar 5, 2009 12:05pm | Edited 12:44pm
Quoting robdee
I was too hasty pointing traders to UpdateStops over in the Force5 thread. Many people have been using it and love it and I assumed it would do the same for vForce. It does not. There are requirements for 5-decimal and new MM rules in vForce that are not accomodated in the current UpdateStops.

Please understand, I have a lot going on and thought I could offer something useful because of the success in Force5.

A separate vForce Automation thread will be used when the time comes. RD
RD
UpdateStops question, the MoveStop # does not have to = TakeProfit 1 or TakeProfit 2? Correct, can be a different #

By Break Even #, your talking dollars and cents, or 0 pips? 0 pips


regards
goldsurfer

Never mind, all you gotta do is watch it once or twice!
  • #443
  • Mar 5, 2009 12:08pm Mar 5, 2009 12:08pm
Quoting plind
I think they are saying six digit NOT six decimal.
YES
example
1.23467 and 123.710
thats example of what I call six digits as we have in alpari
Add value everyday in Pips
  • #444
  • Mar 5, 2009 12:13pm Mar 5, 2009 12:13pm
I'm out of the trade @1.25682 because I'm showing price rebounding off the 61.8 fib from the last big downswing and bouncing off the 4/8 Murrey line which provides strong resistance.

Quote
I'm wondering because I'm not at home to see my charts if anybody is still in the last long signal that was given at 1.2539? I know the first 80% was closed at +20 pips but I was wondering if anybody was stopped out on the pullback or if they are still in? There also was a DT and now looks like a possible TT, so if you are still in, be careful and look at what PA is telling you.
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  • #445
  • Mar 5, 2009 12:52pm Mar 5, 2009 12:52pm
An EA is simply a computer program. Just like the one you're using right now. Raygun has made more than he can count, and I'm sure some of them are successful. The EA talked about here earlier was for managing trades. As long as EA has the correct parameters, it can succeed. However, I agree with the thread starters that EA talk be done on another thread, because the thread always, always, gets clogged up with EA questions, settings, and problems.
  • #446
  • Mar 5, 2009 1:04pm Mar 5, 2009 1:04pm
Quoting mer071898
I'm out of the trade @1.25682 because I'm showing price rebounding off the 61.8 fib from the last big downswing and bouncing off the 4/8 Murrey line which provides strong resistance.

Do you have any mq4 system to automatically set up the Fib for you on metatrader?
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  • #447
  • Mar 5, 2009 1:31pm Mar 5, 2009 1:31pm
I just use the one in mt4 manually and just add the levels I need
  • #448
  • Mar 5, 2009 1:49pm Mar 5, 2009 1:49pm
Congrats. Good call. I'm sure you banked so nice hefty pips.

Quoting mer071898
I'm out of the trade @1.25682 because I'm showing price rebounding off the 61.8 fib from the last big downswing and bouncing off the 4/8 Murrey line which provides strong resistance.
  • #449
  • Mar 5, 2009 1:50pm Mar 5, 2009 1:50pm
I've also been tracking a few other of my favorite pairs (Gbp/Usd, Gbp/Chf, and Gbp/Jpy) to see how they react and perform. So far they have been looking great so far and with Jedi's permission I will post a few charts a little later.

Sioul, I didn't grab a ton of pips but I'm not greedy by any means.
  • #450
  • Mar 5, 2009 2:18pm Mar 5, 2009 2:18pm
Here's something to keep in mind when the next alert comes. As you can see in the pic we have two possible fib confluences at the 38.2 ext. and the 76.4 fib and a stronger one right below it at the 61.8 ext. and the 86 fib. Watch also the 2/8 Murrey line above both of these to strengthen the resistance. Hope this analysis helps everyone out a little.
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  • #451
  • Mar 5, 2009 2:21pm Mar 5, 2009 2:21pm
Hey, not being greedy is just fine. I've said it before, being greedy will just end up having you starving while others are eating off of you. Good trade.

Quoting mer071898
I've also been tracking a few other of my favorite pairs (Gbp/Usd, Gbp/Chf, and Gbp/Jpy) to see how they react and perform. So far they have been looking great so far and with Jedi's permission I will post a few charts a little later.

Sioul, I didn't grab a ton of pips but I'm not greedy by any means.
  • #452
  • Mar 5, 2009 2:24pm Mar 5, 2009 2:24pm
Quoting forexjedi

http://www.forexfactory.com/nfs/sign...gpic9556_1.gif


Dear Traders,

At last after countless days and untold amounts of time I have created what I feel is my finest work in my 7 years in forex. With the help of Robdee and his superior MT4 skills whom has created the fine layout of these charts and programming 8 indicators into 1 super efficient alert system vForce has reached its launch stage. The charts below will tell all as Rob and I attempt to take all traders on the ride of a lifetime turning a...
Hello, I have to take profit +20 pips + spread or only +20 pips?. when I am selling and a new blue bar appears, I have to close the sell?.Thanks for all.
  • #453
  • Mar 5, 2009 2:32pm Mar 5, 2009 2:32pm
Close 80% at just +20 pips. As for the closing of a position when another one creates itself, that is entirely up to you.

Quoting matias
Hello, I have to take profit +20 pips + spread or only +20 pips?. when I am selling and a new blue bar appears, I have to close the sell?.Thanks for all.
  • #454
  • Edited 8:02pm Mar 5, 2009 2:32pm | Edited 8:02pm
Hi All,

I just wanted to make one more comment on EA's and scripts. Keep in mind there are typically 2 different ways in which EA's and scripts are used. The first way is to trade the signals that a trading system generates and the second is to manage a trade once you have entered the position.

When FJ and RD talk about limiting the discussion about EA's I believe they are referring to an EA that would trade the signals generated by VForce. I think it is very important to learn how to trade this system manually without the discussion of the trading EA that will just confuse everyone. The introduction into the thread of a trade management EA or script is less likely to cause confusion but that in some ways takes away form the main topic of learning how to trade the system manually.

May I suggest that those who are interested in any type of EA set up an additional thread and discuss them separately. If you want to put a post in this thread announcing the opening of the EA thread so those who want can participate on both threads.

Again, just my suggestion to keep this thread focused.
  • #455
  • Mar 5, 2009 2:38pm Mar 5, 2009 2:38pm
I've been watching this system since its post and I can tell it's an excellent system and I agree with the author that it provides 80% success rate. In fact, I can also tell that a I'm confident about a signal when generated based on technical analysis.

I've the following obervations that I see valid and true about this system:
1- It should NOT be traded during asian session
2- The proposed stoploss is relatively high (average 50 pips) compared to other systems in that particular time frame 15 Min.
3- The target profit strategy could be improved more than the current announcement by the author. I really see it under estimated to put a stop loss of more than 50 Pips while I take off 80% of the position on 20 Pips. Yes, this is safe but unjustified.
4- The system generates about 3 signals a day. The most single excitment about this system is that once signaled, ONE could predict the start of the excitment (4 next bars). This is a psychological dimension added to the dimension of trust already got on the signal.
5- I believe the success of the system could be extended to larger time frames, which might mean larger profit targets.
6- I believe this system could be adapted (by the author) to work on other European currencies such as pound and swisse.
7- One interesting finding, is that ONE could know the next market move on other inversely and directly proportional currencies to Euro and let the technical analysis deside when you enter. For example, if a BUY signal develops on Euro, one could predict the swisse could develop a SELL direction and the pound could develop a BUY direction too. This is particularily true based on solid technical analysis of exprienced traders.

Very nice work indeed of Forexjedi and RobDee and i hope they could keep us updated with other versions and instructions.
  • #456
  • Mar 5, 2009 2:41pm Mar 5, 2009 2:41pm
I agree with you, they are probably talking more down the lines of an EA to take the signals but honestly, I think any EA talk (signal taking or trade management) will just get people off track and off the main agenda which is to get up to speed with the indicator. I just personally feel that EA talk and anything related to it should be discussed outside of the thread but it's not my thread so my opinion is just that...my opinion!

Quoting ozziedave
Hi All,

I just wanted to make one more comment on EA's and scripts. In mind there are typically 2 different ways in which EA's and scripts are used. The first way is to trade the signals that a trading system generates and the second is to manage a trade once you have entered the position.

When FJ and RD talk about limiting the discussion about EA's I believe they are referring to an EA that would trade the signals generated by VForce. I think it is very important to learn how to trade this system manually without the discussion of the trading...
  • #457
  • Mar 5, 2009 2:47pm Mar 5, 2009 2:47pm
Hi Ozzie
I agree with this statement and idea.

I think managing SL/TS and TP with an EA is nothing bad for vForce, as it would do all the things I would have to do robotically manually (can one say that?).
Robdee's UpdateStops is one example for this, but only seems to work optimal in Force5M.
I'm looking forward to an adaption to VForce, and think it might be good to extract it from this thread, as it produces overload as we can see.


thanks.



To Jedi or Rob:
Concerning Trailing stops, could you be so kind and take a look at my question again? I'm not sure I understood the method u suggest correctly:
http://www.forexfactory.com/showpost...&postcount=376


Thanks a lot, it's great here and I like that u won't accept changes to the systems indicators, as u have put lots of work in to design it, and I've seen lots of systems where a wild gone thread produced bad indicators in the end where noone did know what works and what not..


Lowen


Quoting ozziedave
Hi All,

I just wanted to make one more comment on EA's and scripts. In mind there are typically 2 different ways in which EA's and scripts are used. The first way is to trade the signals that a trading system generates and the second is to manage a trade once you have entered the position.

When FJ and RD talk about limiting the discussion about EA's I believe they are referring to an EA that would trade the signals generated by VForce. I think it is very important to learn how to trade this system manually without the discussion of the trading...
  • #458
  • Mar 5, 2009 2:56pm Mar 5, 2009 2:56pm
Time,

I must have missed the post. The type of EA you mention would be great! I see an EA that updates stops and manages a trade but does not open trades as beneficial. Sorry fo the missunderstanding.

FJ


Quoting TimeFreedom
The EA I discussed here was a Trade Management EA, UpdateStops, that manages manual open trades, which was posted on the Force M5 thread by Rob.

TimeFreedom
Stacking pips since 2002
  • #459
  • Mar 5, 2009 3:12pm Mar 5, 2009 3:12pm
Well, good thing you cleared that up. I'm sure there will be many who are happy to hear that.

Quoting forexjedi
Time,

I must have missed the post. The type of EA you mention would be great! I see an EA that updates stops and manages a trade but does not open trades as beneficial. Sorry fo the missunderstanding.

FJ
  • #460
  • Mar 5, 2009 3:15pm Mar 5, 2009 3:15pm
I agree with #5 from post #455, but the parameters need to be changed to trade longer time frames (I like 1hr and 4hr) - ForexJedi, any chance you would consider making those changes?

Quoting abedewi
I've been watching this system since its post and I can tell it's an excellent system and I agree with the author that it provides 80% success rate. In fact, I can also tell that a I'm confident about a signal when generated based on technical analysis.

I've the following obervations that I see valid and true about this system:
1- It should NOT be traded during asian session
2- The proposed stoploss is relatively high (average 50 pips) compared to other systems in that particular time frame 15 Min.
3- The target profit strategy could be improved...
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