The Force 5min system | Page 121 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Intresting finding or simply statistic: 5min candel 14 replies

5min Bollinger breakout system 42 replies

My journal on The Force 5min system 5 replies

Backtest Data Timeframe > 1min, 5min necessary? 2 replies

Attachments: The Force 5min system
Exit Attachments

The Force 5min system

  • #2,401
  • Mar 7, 2009 6:39am Mar 7, 2009 6:39am
Hi..
I was on the chat room last week someone is mentioned that .. the MA settings should be Either EMA/SMA i cannot remember.. Is it EMA?

Thanks
  • #2,402
  • Mar 7, 2009 11:44am Mar 7, 2009 11:44am
Hoi,

The settings should be EMA. If you have anymore questions about the system please read post number 1. It has all the details.

FJ

Quoting hoichoi
Hi..
I was on the chat room last week someone is mentioned that .. the MA settings should be Either EMA/SMA i cannot remember.. Is it EMA?

Thanks
Stacking pips since 2002
  • #2,403
  • Mar 9, 2009 12:57am Mar 9, 2009 12:57am
Hi FJ,
I hope my message finds you well. Thank you for your generosity in posting this system. I came to it after reading your vForce system, and now I want to give TheForce a try. While cleaning my desktop computer all weekend long, I read the whole thread, and I'm very impressed.
I noticed that several of the chatrooms that have been created have had technical problems. May I join you your group in the new chatroom and observe?

Thank you, thank you RobDee, and all the other traders who have contributed to this thread with their posts and their trade results.

Best wishes to all!

Algis
  • #2,404
  • Mar 9, 2009 1:10am Mar 9, 2009 1:10am
algisn,

Welcome, here the link to the chat http://www.vforce.tk

FJ

Quoting algism
Hi FJ,
I hope my message finds you well. Thank you for your generosity in posting this system. I came to it after reading your vForce system, and now I want to give TheForce a try. While cleaning my desktop computer all weekend long, I read the whole thread, and I'm very impressed.
I noticed that several of the chatrooms that have been created have had technical problems. May I join you your group in the new chatroom and observe?

Thank you, thank you RobDee, and all the other traders who have contributed to this thread with their posts and their...
Stacking pips since 2002
  • #2,405
  • Edited 6:07am Mar 9, 2009 5:59am | Edited 6:07am
This EA manages trades that are opened by the user. It does not open trades. The first version of the EA only managed stops, hence the name.

This is a major rewrite with

  1. 3 profit levels and percentages
  2. 2/3/4/5-decimal price support on any pair
  3. full, mini, or micro lots now supported
  4. user confirmation before setting initial stoploss

Stops are moved in two stages. MoveStop is used first for moving the stop to BE (breakeven). After that move to BE is complete then TrailingStop is used. This is a pip for pip trailing stop like the one builtin to MT4.

Inserted Code
+-----------------------------------------------------+
| EXPERT ADVISOR                     UpdateStops.ex4  |
| save to [MT4\experts] folder and attach to chart    |
| status messages printed in Experts tab of terminal  |
+-----------------------------------------------------+
| This is free experimental software.                 |
| No guarantees are expressed or implied.             |
| Feedback welcome via Forex Factory private message. |
| 'robdee'  [url="http://www.forexfactory.com/member.php?u=12983"]www.forexfactory.com/member.php?u=12983[/url]   |
+-----------------------------------------------------+
 
EA_VERSION    20090308
EA_NAME       "UpdateStops"
MT4_BUILD     221
 
Notes1             = "Settings for 'Force5' by ForexJedi"
TakeProfit1        = 10     close part of the trade when this target is reached
TakeProfit2        = 20     close part of the trade when this target is reached
TakeProfit3        = 0      close part of the trade when this target is reached
TakeProfit1Percent = 50     percentage of trade to close when TakeProfit1 is reached
TakeProfit2Percent = 30     percentage of trade to close when TakeProfit2 is reached
TakeProfit3Percent = 0      percentage of trade to close when TakeProfit3 is reached
HardStop           = 20     if SL is missing then SL will be added using HardStop value (0 means disabled)
MoveStop           = 20     move stop to BE (breakeven) when this profit target reached (0 means disabled)
TrailingStop       = 0      AFTER stop is moved to BE, the stop is trailed pip for pip (0 means disabled)
UseFullLots        = True   minimum transaction size is 1.00 lots, if supported by the broker
UseMiniLots        = True   minimum transaction size is 0.10 lots, if supported by the broker
UseMicroLots       = True   minimum transaction size is 0.01 lots, if supported by the broker
HardStopWarnings   = True   messagebox prompts user to confirm HardStop value before setting the SL
MaxBrokerSlippage  = 2      do not take profit if broker slippage is greater than MaxBrokerSlippage

Run UpdateStops EA on a demo account until you are very familiar with how it operates. Always check the messages in the Experts tab of the terminal window. Important information is printed there for each trade action.

Information about the original version in post 2031
http://www.forexfactory.com/showpost...postcount=2031

This version of UpdateStops EA is V20090308
Attached File(s)
File Type: ex4 UpdateStops.ex4   12 KB | 876 downloads
  • #2,406
  • Mar 9, 2009 7:20am Mar 9, 2009 7:20am
Quoting robdee
This EA manages trades that are opened by the user. It does not open trades. The first version of the EA only managed stops, hence the name.
...
This version of UpdateStops EA is V20090308
Thanks for this version Rob.

Lowen
  • #2,407
  • Mar 9, 2009 8:27am Mar 9, 2009 8:27am
Shorted EU today after it created a Evening Doji Star at the today's 50% fibs and Friday's 61.8% fibs. A bounce of it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: log128.gif Size: 23 KB
Click to Enlarge Name: log129.gif Size: 24 KB
Pivot Boss in the making~
  • #2,408
  • Mar 9, 2009 9:44am Mar 9, 2009 9:44am
Quoting jurn_e
Shorted EU today after it created a Evening Doji Star at the today's 50% fibs and Friday's 61.8% fibs. A bounce of it.
Bullseye, Jurn_e, good job
  • #2,409
  • Mar 9, 2009 11:22am Mar 9, 2009 11:22am
Quoting robdee
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.

Great, thanks RD. Works fine and it looks really useful. Thanks very much for sharing this. Good to see you've become a pivotal member of the Force system. You're very good for it and I love to look at your posts as they're full of great info.

fb.
  • #2,410
  • Mar 9, 2009 11:59am Mar 9, 2009 11:59am
thank you pls do we have to adjust any settings for 6 digit platforms like alpari
Quoting robdee
This EA manages trades that are opened by the user. It does not open trades. The first version of the EA only managed stops, hence the name.

This is a major rewrite with

  1. 3 profit levels and percentages
  2. 2/3/4/5-decimal price support on any pair
  3. full, mini, or micro lots now supported
  4. user confirmation before setting initial stoploss

Stops are moved in two stages. MoveStop is used first for moving the stop to BE (breakeven). After that move to BE is complete then TrailingStop is used. This is a pip for...

Add value everyday in Pips
  • #2,411
  • Mar 9, 2009 2:57pm Mar 9, 2009 2:57pm
Quoting Pip-Stud
thank you pls do we have to adjust any settings for 6 digit platforms like alpari
Good question,

I assume that 6-digit pricing at alpari is what I call 5-decimal.

Example: EURUSD 1.20754 (6 digits and 5 decimal places)

If my assumption is correct then you are good to go, no adjustments.

If I am not correct then please advise.

RD
  • #2,412
  • Mar 9, 2009 3:08pm Mar 9, 2009 3:08pm
Yea Thats right. Thank you so much
Quoting robdee
Good question,

I assume that 6-digit pricing at alpari is what I call 5-decimal.

Example: EURUSD 1.20754 (6 digits and 5 decimal places)

If my assumption is correct then you are good to go, no adjustments.

If I am not correct then please advise.

RD
Add value everyday in Pips
  • #2,413
  • Mar 9, 2009 6:08pm Mar 9, 2009 6:08pm
Today was pretty good for a Monday. Starting from Asia's double top on the week high price dropped slowly but steadily down to 1.2641 (the weekly pivot) where some turbulence was experienced before continuing down at 10:15.

I used my medium trend setup:

  1. TakeProfit1 = 20 (50%)
  2. TakeProfit2 = 40 (50%)
  3. MoveStop = 20
  4. TrailingStop = 0 (disabled)
  5. Wait for first trade to reach zero risk before opening another trade.

About an hour before London Open that break of an existing trendline looked good to me. It turned against me, climbed back inside the TL, taking me out at -15. This is the setup where most of my losses occur, a fake break of a TL.

The real break that came later almost burnt me again but the 10:15 doji must have given the bears some confidence so my trade went on to bank both targets.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_9mar2009_force5medium.gif Size: 21 KB
  • #2,414
  • Mar 9, 2009 11:56pm Mar 9, 2009 11:56pm
I have read all the posts and have been practising the method for a few days but am having difficulties as there appear to be many "fake" opportunities. Any suggestions on how to judge when is a "real" cross and how to avoid the fake ones?
  • #2,415
  • Mar 10, 2009 3:35am Mar 10, 2009 3:35am
Quoting smills
I have read all the posts and have been practising the method for a few days but am having difficulties as there appear to be many "fake" opportunities. Any suggestions on how to judge when is a "real" cross and how to avoid the fake ones?
Try trading in direction of trend until you have reason to do otherwise (pls don't ask me whats my def of trend) e.g some like if yesterday was down day sell only today.

A simple filter also wait for price to go 1 pip beyond signal candle high/low.
  • #2,416
  • Mar 10, 2009 8:32am Mar 10, 2009 8:32am
Robdee

First thank you for all the work you are doing to help me in my understanding of the Forex.

A few posts back you shared your stops and profit settings for a medium trend. How do you classify the strength of your trend?

What settings do you use for week and strong trends?

Thanks a lot.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,417
  • Mar 10, 2009 2:03pm Mar 10, 2009 2:03pm
I had a Force 5 short there at 1.2698. After support at 1.2680 was broken, we have a vForce signal. In this case, an additional short position could be added for extra pips.

Profit taking will be at the strong support below. Confluence of DP/WP/DO and lower TL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: log138.gif Size: 27 KB
Click to Enlarge Name: log139.gif Size: 29 KB
Pivot Boss in the making~
  • #2,418
  • Mar 10, 2009 2:05pm Mar 10, 2009 2:05pm
Hi all,

Just wanted to make it know that from this moment forward DV84 will be the vForce and force5 technical co-ordinator. He will be in charge of maintaining the chat and chat development. Any chat questions can be directed to DV84.

FJ
Stacking pips since 2002
  • #2,419
  • Mar 10, 2009 2:23pm Mar 10, 2009 2:23pm
smills,

Refer to the advanced notes for this method and you will have more success. Read the entire thread and is you still have questions please post them.

FJ

Quoting smills
I have read all the posts and have been practising the method for a few days but am having difficulties as there appear to be many "fake" opportunities. Any suggestions on how to judge when is a "real" cross and how to avoid the fake ones?
Stacking pips since 2002
  • #2,420
  • Mar 10, 2009 3:23pm Mar 10, 2009 3:23pm
Busy, busy trading day for me. I like Tuesdays.

wPP (Weekly Pivot) and wR1 certainly in play today as well as fibo retrace and extension levels. All the details on my charts below.

My trading sequence always remains the same.
(1) find and confirm support/resistance (2) wait for signal (3) stop in meaningful place (4) money management.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_10mar2009_force5medium.gif Size: 23 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_10mar2009_force5medium2.gif Size: 22 KB


I used same MM setup as on Monday...

Quoting robdee
I used my medium trend setup:

  1. TakeProfit1 = 20 (50%)
  2. TakeProfit2 = 40 (50%)
  3. MoveStop = 20
  4. TrailingStop = 0 (disabled)
  5. Wait for first trade to reach zero risk before opening another trade.

16 traders viewing now