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"vForce" the revolution

  • #521
  • Mar 6, 2009 11:05am Mar 6, 2009 11:05am
Thank you Forexjedi for that post.
  • #522
  • Mar 6, 2009 11:16am Mar 6, 2009 11:16am
FJ Im with you all the way!
Quoting forexjedi
Hi all,

Can everyone please read post 479! Ronald Raygun can you please remove the EA as people will loose money!!! There is not way at the moment to trade this strategy with an EA. I beg you all to follow and read my comments on post 479 or you will be doomed to failure. This is for everyones own good. Again please read post 479! Im going to ask that people respect these rules as thats all I can do. Obviously theres nothing I can do about it if no one wants to follow them but the people that dont will ruin things for the people that do want...
Add value everyday in Pips
  • #523
  • Mar 6, 2009 11:21am Mar 6, 2009 11:21am
PM for you ForexJedi
  • #524
  • Mar 6, 2009 11:32am Mar 6, 2009 11:32am
We need to get off the EA subject, it just ruins the thread.
  • #525
  • Mar 6, 2009 11:45am Mar 6, 2009 11:45am
Richards, I don't believe that will happen as it was already talked about before and I think a new thread will be started when an EA becomes available. Personally, I like EAs and use a very successful one. EAs are no more than computer programs, and with the proper programming can take the drudgery out of such things as chart watching.
Quoting R Richards
I sure hope this thread does not get taken over by EA enthusiasts. That's not what the originators wanted, and have stated pretty much. Myself, i don't think the source code should have ben released.
  • #526
  • Mar 6, 2009 11:52am Mar 6, 2009 11:52am
I don't think Ronald has ruined anything. He has respectfully placed his EA in a completely different thread and as he has stated earlier you can use this EA to place your pending orders but still manually manage the trade which is what I was looking for myself.

forexjedi, there are numerous EAs out there that are profitable. So, in all due respect, please keep an open mind and consider having just an EA to open orders not only benefits myself, as I am looking at testing multiple pairs, and would benefit others who may be doing the same.

Again, with full respect to you and this awesome system, I totally agree that an fully automated EA would probably not be very efficient because you have to have the ability to recognize what the market is doing instinctually, but a semi-auto EA might be beneficial. And out of that respect, I hope all that are interested in this EA please post all questions on the EA thread and not here.
  • #527
  • Mar 6, 2009 12:11pm Mar 6, 2009 12:11pm
I totally agree. Why do we keep going over the same thing over and over again???

Quoting forexjedi
Hi all,

Can everyone please read post 479! Ronald Raygun can you please remove the EA as people will loose money!!! There is not way at the moment to trade this strategy with an EA. I beg you all to follow and read my comments on post 479 or you will be doomed to failure. This is for everyones own good. Again please read post 479! Im going to ask that people respect these rules as thats all I can do. Obviously theres nothing I can do about it if no one wants to follow them but the people that dont will ruin things for the people that do want to...
  • #528
  • Edited 4:50pm Mar 6, 2009 12:17pm | Edited 4:50pm
Hello Forexjedi,

I agree with you that this thread should not discuss ea's as your system is a manual trading system which requires judgment to be profitable. This is a nice system for manual traders. For those people thinking an ea can be made for this manual system I would not get your hopes up. Based on some backtesting a friend of mine did showed an ea would not do very well.

Regards,
Jeff

Quoting forexjedi
Hi all,

Can everyone please read post 479! Ronald Raygun can you please remove the EA as people will loose money!!! There is not way at the moment to trade this strategy with an EA. I beg you all to follow and read my comments on post 479 or you will be doomed to failure. This is for everyones own good. Again please read post 479! Im going to ask that people respect these rules as thats all I can do. Obviously theres nothing I can do about it if no one wants to follow them but the people that dont will ruin things for the people that do want to...
  • #529
  • Mar 6, 2009 12:17pm Mar 6, 2009 12:17pm
I am outa here till Sunday. Have a good weekend to all.
  • #530
  • Mar 6, 2009 12:28pm Mar 6, 2009 12:28pm
Hi ForexJedi.

I have a suggestion. Maybe you can think about it.
There may be Ronalds or also other EA threads appearing for this system, I think it is very hard to control that this does not happen over time.

As you stated, the Problem is, if EAs exist, people try to ask questions about it in this thread or might have problems with EAs they wanna get solved here. Also the system might suffer from it, I understand exactly what u mean.

How about let EA threads be EA threads, and make a BIG marker in your initial post on this thread that everything concerning EAs is not supported and is not allowed to be discussed over here.

I suggest this because from experience I know otherwise there will always be new questions about this and also new ideas related to EAs.
But I think it's almost impossible to keep interested people from thinking and constructing EAs for any system to their likes..

What do you think about this suggestion?

Ronalds EA discussion here => (http://www.forexfactory.com/showthread.php?p=2585498)



Quoting Siuol
I totally agree. Why do we keep going over the same thing over and over again???
  • #531
  • Mar 6, 2009 12:30pm Mar 6, 2009 12:30pm
Hello everyone,

first of all thank you very much for so much work in this trading system and providing it to us!

While reading the system i had a question concerning Money/Risk-Management.

I trade with RBS Marketindex (like Oanda) and i would like to know how much of risk i should take. Do you take a fixed number of lots e.g. at IBFX to trade?
(e.g. 5 lots and sell 4 lots after 20pips?) or do you trade a special value regarding to the risk in the market?

Since we have to set the SL for a long at 10pips below the low of the candle, the heigh of the candle is different all the time, so if you invest e.g. 5 lots and set SL like it is described in the pdf, then you risk different amounts each time, depending on the heigh of the candle...

Or isn´t it better to calculate a risk, e.g. 1% of the account and then adjust the lots to the candle and stop size?
(e.g. 5.000$ account, 1% risk per trade = 50$ risk, candle is 40pips heigh + 10 pips below = 50 pips risk, so i choose as many lots, as the risk does not exceed 50$?)

I hope you understand what i want to know :-)

Cheers,
j0ker
  • #532
  • Mar 6, 2009 1:40pm Mar 6, 2009 1:40pm
FJ and RobDee
Thanks guys for posting this system so generously and unselfishly. I've spent the last 3 hours or so reading through the thread and after looking at all the posted screenshots, I can tell it's a great system.
It's a shame that there's always someone who wants to jump on the bandwagon and try to improve the system with an EA.
For all those who come into the thread, please, please, please, keep the good vibe. Respectfully follow the rules and the wishes of ForexJedi and RobDee. What is so difficult about that?
Rules are rules. If you don't like it, then go somewhere else and start up your own thread.
As for me and all the others who are following this thread, thanks for keeping the good vibe and learning a little something from someone who does know how to trade profitably.

Thank you ForexJedi and thank you RobDee!

All the best,
Algis
  • #533
  • Mar 6, 2009 2:36pm Mar 6, 2009 2:36pm
Funny thing is......I see post after post complaining about how EA talk will disrupt the thread. LOL then stop talking about it!

On a side note.......the long earlier today was just under the monthly pivot. Another no trade imo.

todd
  • #534
  • Mar 6, 2009 2:49pm Mar 6, 2009 2:49pm
Hi everybody. I can’t express how excited I was yesterday when I found this thread .This system is a great baby and I hope we will see it grow and get strong.
Today I spent time back testing this system and this is what I found.

.I use forex simulator program to do that.
http://www.forexfactory.com/showthread.php?t=70742

My advise for every one if you think you know how to trade this system check your skills with this program before trading on real money.

I did test it for four days November 3-6 . I stopped to test it because I think we need more knowledge about this system.

I have 10 trades,
4 losses.

Losses took all my profits. I started with 10000 ended with 9920 using 1 lot
0.8 ----80% 0.2 --- 20%.

2 losses happened right in front (7-8 ) pips of strong resistance level
And other 2 losses system get signal without respect of “bigger picture” or main trend.
No one will take those trades manually that is why it is absolutely useless to
Spend time on making EA.

System needs some kind of backbone like slow main indicator SMA50 or slow MACD or something on a higher timeframe to look on. It will give the DIRECTION and indicators will do the rest.
Every system should have something like that. This is first suggestion. It will also remove problem like on a first picture.

Thank you Forexjedi and RobDee for you hard work. (I wish I can do something for everybody as you did.)
Attached Image (click to enlarge)
Click to Enlarge Name: q1.gif Size: 26 KB
  • #535
  • Mar 6, 2009 2:52pm Mar 6, 2009 2:52pm
another suggestion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3.gif Size: 29 KB
Click to Enlarge Name: q2.gif Size: 25 KB
  • #536
  • Mar 6, 2009 4:39pm Mar 6, 2009 4:39pm
Thesee few posts are another excellent example of why we should not be using any EA's. This is a signal generating system and as such other factors must be taken into account before an entry is executed. Something an EA will not do.

Hence the reason ForexJedi has pleaded with everyone to not try to use an EA. You will incurr too many losses. It is not the holy grail and needs manual entries and exits.

Having said that, I love the system and the signals it does generate. I'm sure it will be very profitable when used correctly.

See you all after the weekend.
  • #537
  • Mar 6, 2009 4:47pm Mar 6, 2009 4:47pm
I don't know enough about indicators to find out, but is there an expiration on this indicator that expires after 12 months or so?
  • #538
  • Mar 6, 2009 4:48pm Mar 6, 2009 4:48pm
Thanks for the links.

Have you a link for Mark Douglas "Trading In The Zone" ?

I have just ordered it from Amazon but that will take a few days to arrive so a PDF version would be handy to read the start for now

Thanks

WG

Quoting jurn_e
Here is some reading material for those wanting to learn PA and also a good book on psychology.

I really love the price action of the patterns (LCD and HCD) in the book. Hope it helps those of u trading vForce!
________________________________________________________________
http://www.4shared.com/file/59322681..._268p.html?s=1

http://www.4shared.com/file/59323176..._294p.html?s=1

http://www.4shared.com/file/59313984..._184p.html?s=1...
  • #539
  • Mar 6, 2009 6:03pm Mar 6, 2009 6:03pm
Hi all,

I have started a new thread for the EU only. No EAs, outside pairs, outside indicators. This new thread will be used for manually trading vForce EU only 15min chart. The current here will be used for EAs, othe pairs and expirimental trading. To study the EU only and learn to master this pair and the forex market click here http://www.forexfactory.com/showthread.php?t=156640.

This thread will remain here for experimental studies. That means do what ever you want. I will still participate in this thread as it will be a valuable tool for future development. Ronald Raygun go nuts with your EA. Others post whater pairs, time frames and indicators you want. Lets see what happens and what kind of results we can get.

FJ
Stacking pips since 2002
  • #540
  • Mar 6, 2009 6:21pm Mar 6, 2009 6:21pm
I really like what I see so far! FJ & robdee, awesome job. Look forward to the advanced level. On chat I've seen some people saying they are using this on multiple pairs, do either of you two have an view on this?
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