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The Force 5min system

  • #2,381
  • Mar 4, 2009 2:15am Mar 4, 2009 2:15am
I wanted to express my gratitude and appreciation for the system. Only got to play for a couple hours tonight and got 2 trades in for 63 pips. i have alot to learn and really looking forward to it!

I would like to ask for insight on the use of the macd divergence and did it look like i had my chart setup correctly. you can see price there was trying to bounce off the 50% fr, round number 2500, and trend line. As i type this it has bounced up nicely.

thanks FJ, robdee for the all useful indicators!

bulls

ps. i downloaded and used the alert file just posted. Q? what directory does the .tpl file go? what is there use? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.gif Size: 22 KB
Whats happening in EUR/USD should be happening to you!
  • #2,382
  • Mar 4, 2009 3:32am Mar 4, 2009 3:32am
Quoting forexjedi
I found this indi in the mql4.com database. It draws fibs automatically.

FJ
FJ, I put this fibo on my 5min chart and it plotted the fibo levels for the current day hi/low. Most of the levels are less than 15pips and the largest is 20. This is on the EU, 3-4-09 chart and at the time of this post about a 90pip range. My question is how do ever enter a trade with the fibo ranges being so small?
  • #2,383
  • Mar 4, 2009 6:45am Mar 4, 2009 6:45am
Just want to thank forex jedi and Robdee for all their work and most especially for the updated stops EA. It was the link btw me being profitable and loosing. takes out all the emotions and the thought of wanting to break the bank with every trade taken.
Let your plan trade for you, not your emotion!!!
  • #2,384
  • Mar 4, 2009 7:48am Mar 4, 2009 7:48am
Jitu here are the indies u want but i dont trust divergence by indies you have to do it manualy from ur eyes recognising which pattern is the best.

personaly i uses macd divergence+stoch classical div combied with force signal.
Attached File(s)
File Type: mq4 Stochastic_Divergence.mq4   13 KB | 617 downloads
File Type: ex4 Stochastic_Divergence.ex4   11 KB | 426 downloads
  • #2,385
  • Mar 4, 2009 8:07am Mar 4, 2009 8:07am
Quoting ForceDevotee
Jitu here are the indies u want but i dont trust divergence by indies you have to do it manualy from ur eyes recognising which pattern is the best.

personaly i uses macd divergence+stoch classical div combied with force signal.
Hey FD,

These are both stoch div, is one better than the other? say use one of thse in combo with the macd divergence indi? Much thanks. I really dig these. they are some of the most useful indies I have put my hands on!

bulls

i am guessing the .mq4 file goes in indicators and the .ex4 goes in expert advisor? still new at this.
Whats happening in EUR/USD should be happening to you!
  • #2,386
  • Mar 4, 2009 8:58am Mar 4, 2009 8:58am
Hi guys, can you confirm that when using the expert rules you no longer use indicators and only use price action i.e (pivots / S&R)?
  • #2,387
  • Mar 4, 2009 1:24pm Mar 4, 2009 1:24pm
Quoting xremmy
Just want to thank forex jedi and Robdee for all their work and most especially for the updated stops EA. It was the link btw me being profitable and loosing. takes out all the emotions and the thought of wanting to break the bank with every trade taken.
xremmy, thanks to you for highlighting this very important psychological breakthrough. This is one of the most useful insights I have read all day.

UpdateStops EA manages my takeprofits and my stops. This gives me a level of consistent calm trading that I never achieved doing everything manually.

Calm, consistent, repeatable patterns are the bridge to long term profits.

The latest version of UpdateStops EA is post 2346
http://www.forexfactory.com/showpost...postcount=2346
  • #2,388
  • Mar 4, 2009 8:48pm Mar 4, 2009 8:48pm
I would like to invite all my regular Force traders over to the vForce thread to take on the challenge of the vForce my med term system. Since it has just launched you all have the oppritunity get started from the launch phase. Next week I will launch the advanced portion of the system in the same way I did it here so this isthe optimal time to get started. The vForce is a perfect running mate for the Force5min. Together they will produce many pips when traded correctly. See you all in chat tonight.

vForce is located here.
http://www.forexfactory.com/showthread.php?t=155871

FJ
Stacking pips since 2002
  • #2,389
  • Edited Mar 5, 2009 12:20am Mar 4, 2009 10:31pm | Edited Mar 5, 2009 12:20am

"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".
  • #2,390
  • Mar 4, 2009 11:34pm Mar 4, 2009 11:34pm
I can confirm this is the new site for chat. Thanks DV84.

FJ

Quoting Dv84

"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...
Stacking pips since 2002
  • #2,391
  • Mar 5, 2009 1:52am Mar 5, 2009 1:52am
Robdee, how do i change the audio file in your audio alert?
Pivot Boss in the making~
  • #2,392
  • Mar 5, 2009 6:13am Mar 5, 2009 6:13am
Quoting forexjedi
I can confirm this is the new site for chat. Thanks DV84.

FJ
I realize that you are working on this link, just wanted to give you some feedback. Was not able to get in, would click the join room box and the screen would flash white and then go black. Was able to enter the old room with no problems.
Thanks
  • #2,393
  • Mar 5, 2009 6:36pm Mar 5, 2009 6:36pm
I know what your all wondering what I look like in real life so I changed my avatar pic to a pic I just took with my webcam.

FJ
Stacking pips since 2002
  • #2,394
  • Mar 5, 2009 9:23pm Mar 5, 2009 9:23pm
  • #2,395
  • Mar 6, 2009 2:14am Mar 6, 2009 2:14am
Quoting robdee
UpdateStops EA new version now includes TakeProfit levels as described by ForexJedi.

Note: This EA assumes that minimum transaction is 0.10 lots (ie one mini lot).
It does not process anything less than 0.10 lots as shown in MT4.

Refer to instructions for orginal version in post 2031
http://www.forexfactory.com/showpost...postcount=2031

UpdateStops V20090224
Hey RD,

This looks great. I've followed instructions and in my Experts tab I get two lines:

the first is UpdateStops EURUSD M5: loaded successfully, and stright after the same but with 'removed' instead of 'loaded successfully'. Any ideas? I don't get the smiley face. I am on build 221 using IBFX demo.

Appreciate all that you and FJ are doing.

fboy
  • #2,396
  • Mar 6, 2009 2:51pm Mar 6, 2009 2:51pm
Quoting fboy
...in my Experts tab I get two lines:

the first is UpdateStops EURUSD M5: loaded successfully, and stright after the same but with 'removed' instead of 'loaded successfully'. Any ideas? I don't get the smiley face. I am on build 221 using IBFX demo.
fboy good to see you again, thanks for your feedback

I have seen that same issue a couple of times but can't recall the fix. I am working on the next release of UpdateStops today so hopefully that will refresh my memory of the loading problem. Watch this thread for the new version.
  • #2,397
  • Edited 3:42pm Mar 6, 2009 3:32pm | Edited 3:42pm
Robdee,

I have just started live trading with your system and I would like to take this opportunity to thank you and Forexjedi for such a great system, I am also following the VForce 15 min thread with great interest too!

Can you please explain again your take profits for the 5 Min System? Am I right that you close half your trade for 20 pips and then move the second lot to breakeven which has a TP of 40 pips? Do you use any kind of Trail Stop for the second lot and if so, for how much?

I understand that you use a default S/L of 20, is this 20 plus spread?

Many thanks indeed and I look forward to your response


Alkis Hilton
  • #2,398
  • Mar 6, 2009 5:13pm Mar 6, 2009 5:13pm
A,

In force5 we take 50% at 10 pips and 30% at 20 pips then stop to BE and let the rest ride. PLease make sure you read the entire thread to get yourself up to speed. Then join us in the chat for some live learning.
FJ

Quoting alkis
Robdee,

I have just started live trading with your system and I would like to take this opportunity to thank you and Forexjedi for such a great system, I am also following the VForce 15 min thread with great interest too!

Can you please explain again your take profits for the 5 Min System? Am I right that you close half your trade for 20 pips and then move the second lot to breakeven which has a TP of 40 pips? Do you use any kind of Trail Stop for the second lot and if so, for how much?

I understand that you use a default S/L of 20, is this...
Stacking pips since 2002
  • #2,399
  • Edited 8:08pm Mar 6, 2009 8:07pm | Edited 8:08pm
Hi Forexjedi,

Thanks very much for your reply, I understand now. Can I please ask do you use a trailing stop for the last lot of 20% when you let it ride until it is stopped out as you do with the VForce 15 Min system or do you manually exit the last lot according to price action/trend/resistance lines?

Many Thanks

Alkis Hilton

p.s . I am sure I will be seeing you on the VForce thread as well.
  • #2,400
  • Mar 7, 2009 5:13am Mar 7, 2009 5:13am
Quoting BullsAndBear
<snip>
ps. i downloaded and used the alert file just posted. Q? what directory does the .tpl file go? what is there use? thanks
<snip>

Saw no reply as yet, so doing it now.

Royston has some good information on this here:
http://www.forexfactory.com/showpost...&postcount=836

And Landi has a comprehensive setup post here:
http://www.forexfactory.com/showpost...&postcount=837

HTH
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