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The Force 5min system

  • #2,421
  • Mar 10, 2009 3:12pm Mar 10, 2009 3:12pm
Great work today & wonderful support here at vforce!

Robdee,

Quick question...Although I've weaved my way through this entire thread.. please forgive me for asking a redundant question but I was curious...

Why does your force5m chart look like the the 15m chart for revolution?

I have your templates... But I don't see the ema's, stoch's, or macd's like FJ's chart has at the start of the thread.

Did I miss an update? If so, I apologize for this question.

Again, it's good to be here... been around FF for awhile... you've got something great going.

Thanks in advance for a quick reply,

revrobwimb
  • #2,422
  • Mar 10, 2009 7:07pm Mar 10, 2009 7:07pm
revrobwimb welcome to Force5, good observation....

There is no change, Force5 uses macd+stoch+emas just like you see in the early posts. I have stripped away all that stuff for clarity on my charts that I post. I leave only the painted signal candles from AudioAlerts.

AudioAlerts paints all the signal candles that meet the Basic or Advanced Force5 rules. The latest version is found in post 2374
http://www.forexfactory.com/showpost...postcount=2374

Enjoy! RD

Quoting revrobwimb
I have your templates... But I don't see the ema's, stoch's, or macd's like FJ's chart has at the start of the thread.
  • #2,423
  • Mar 11, 2009 4:48am Mar 11, 2009 4:48am
Currently 100 pips up on this 'bull' rush off the bottom trend line bounce.

FJ's other system 'vforce' is very good, but this system is the one that is teaching one of the most important areas of trading for me....PA.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #2,424
  • Mar 11, 2009 7:46am Mar 11, 2009 7:46am
Morning Robdee,

I am having a bit of a problem w/ this ea. It is closing out my trades before it reaches the correct TP levels. It's been closing me out w/ 1pip gains and then lets the 3rd TP run its course.

I am using the default settings from below. Are you having this problem? Should I set the TP levels to 100, 200, instead of 10 & 20?

Heres a pic of a trade I took on a small micro live account where I play w/ nickels and dimes.

The first two TP's are so close together (1pip) you cant see 2 distinct lines.
The third TP I let run a bit and closed out manually.

Any suggestions?

Thanks,
revrobwimb

Attached Image (click to enlarge)
Click to Enlarge Name: scalp pic1.jpg Size: 270 KB


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 pip...

  • #2,425
  • Mar 11, 2009 12:52pm Mar 11, 2009 12:52pm
OK revrobwimb,

  1. Look in Experts tab and tell me what UpdateStops version it says.
  2. Tell me exactly what your three TPs and percentages are set to.
  3. You are opening only one trade at a time ? I know there are issues when multiple pendings are all filled at the same price/time.
  4. How long does it wait before closing at 1 pip?
  5. Certainly no need (ever) to change the TP values to X10.
  6. Are you running multiple EAs ?

This is going to take some trouble-shooting because this has only been reported 1 time among hundreds of users.

Regards, RD

Quoting revrobwimb
...is closing out my trades before it reaches the correct TP levels. It's been closing me out w/ 1pip gains and then lets the 3rd TP run its course. Should I set the TP levels to 100, 200, instead of 10 & 20?
  • #2,426
  • Mar 11, 2009 3:04pm Mar 11, 2009 3:04pm
Sorry Robdee,

Not trying to cause a problem... Here are the answers to your questions.
Thanks again for the help.

 

  1. UpdateStops version: v20090308, mt4 build 221
  2. TP's: TP1= 10, TP2= 20, TP3= 0
  3. TP%: TP1%= 50, TP2%= 30, TP3%= 0
  4. Number of Trades open at once: 1
  5. How long does it wait before closing at 1 pip? - A: Almost immediately after the trade is placed and moves in the right direction.
  6. Are you running multiple EA's? - A: I have other EA's in my Expert Advisors folder but I only have UpdateStops EA on my chart and no other EA's attached to any other chart.

Thanks again,
revrobwimb

Quoting robdee
OK revrobwimb,

  1. Look in Experts tab and tell me what UpdateStops version it says.
  2. Tell me exactly what your three TPs and percentages are set to.
  3. You are opening only one trade at a time ? I know there are issues when multiple pendings are all filled at the same price/time.
  4. How long does it wait before closing at 1 pip?
  5. Certainly no need (ever) to change the TP values to X10.
  6. Are you running multiple EAs ?

This is going to take some trouble-shooting because this has only been reported 1 time among hundreds of users....

  • #2,427
  • Mar 11, 2009 4:40pm Mar 11, 2009 4:40pm
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 pip trailing...

Thanks for this fantastic utility. It was just what I was looking for to manage my open trades..... Great work!
  • #2,428
  • Mar 11, 2009 7:45pm Mar 11, 2009 7:45pm
[quote=robdee;2596441]OK revrobwimb,

  1. Look in Experts tab and tell me what UpdateStops version it says.
  2. Tell me exactly what your three TPs and percentages are set to.
  3. You are opening only one trade at a time ? I know there are issues when multiple pendings are all filled at the same price/time.
  4. How long does it wait before closing at 1 pip?
  5. Certainly no need (ever) to change the TP values to X10.
  6. Are you running multiple EAs ?

This is going to take some trouble-shooting because this has only been reported 1 time among hundreds of users.


Rob
I think this exact thing happened on a trade of mine this morning . It was
a demo on audusd . I thought it was a mistake of mine and still may be .
Could it have something to do with the number of lots put in ? For instance
if an odd number lot size which cannot be divided by the T/P one & two ?
Just guessing as I know nothing about writing code .
Cheers
glass

  • #2,429
  • Mar 11, 2009 8:14pm Mar 11, 2009 8:14pm
OK fine, that is all correct revrobwimb. You are using it like it was designed to be used. One more question, did you attach UpdateStops EA to the chart before (or after) you opened the order ? RD

Quoting revrobwimb
...the answers to your questions.

  1. UpdateStops version: v20090308, mt4 build 221
  2. TP's: TP1= 10, TP2= 20, TP3= 0
  3. TP%: TP1%= 50, TP2%= 30, TP3%= 0
  4. Number of Trades open at once: 1
  5. How long does it wait before closing at 1 pip? - A: Almost immediately after the trade is placed and moves in the right direction.
  6. Are you running multiple EA's? - A: I have other EA's in my Expert Advisors folder but I only have UpdateStops EA on my chart and no other EA's attached to any other chart.

  • #2,430
  • Mar 11, 2009 8:20pm Mar 11, 2009 8:20pm
OK glass thanks for your post. There is something going on here. I can assure you that the internal calculations can handle any odd number of lots. If the number of lots in the order doesn't divide cleanly then rounding is used. RD

Anyone else seen UpdateStops closing at +1 in error ?

Quoting glass
I think this exact thing happened on a trade of mine this morning . It was a demo on audusd . I thought it was a mistake of mine and still may be. Could it have something to do with the number of lots put in ? For instance if an odd number lot size which cannot be divided by the T/P one & two?
  • #2,431
  • Mar 11, 2009 8:48pm Mar 11, 2009 8:48pm
Hi Robdee,

The EA was attached to my chart long before a trade was made.

I await your instruction/suggestion.

Thanks again for looking into this... I hope I'm the only one w/ this prob. In this case I prefer being the minority.

revrobwimb

Quoting robdee
OK fine, that is all correct revrobwimb. You are using it like it was designed to be used. One more question, did you attach UpdateStops EA to the chart before (or after) you opened the order ? RD
  • #2,432
  • Mar 11, 2009 9:45pm Mar 11, 2009 9:45pm
Quoting revrobwimb
The EA was attached to my chart long before a trade was made.
OK, that is fine. The reason I asked is there is a scenario where the price has already reached +20 before UpdateStops is loaded, in that case MoveStop will kick in and can take the trade out at +1. That is not happening here by the looks of it.

Your first message about this sounds like the error is occuring every time, not just sometimes, is that correct ?

Also, please check your Experts tab for two messages. They should read like what I have below. If any differences please copy n paste here for me.

Inserted Code
UpdateStops EURUSD,M5: Server 'InterbankFX-MT4 Demo Accounts 2' reports minimum lots=0.01 maximum lots=100
UpdateStops EURUSD,M5: EURUSD  Digits=4  PipDigits=4  PipDecimal=0.0001  PipValue=$10.00
  • #2,433
  • Mar 11, 2009 9:54pm Mar 11, 2009 9:54pm
Quoting robdee
OK glass thanks for your post. There is something going on here. I can assure you that the internal calculations can handle any odd number of lots. If the number of lots in the order doesn't divide cleanly then rounding is used. RD

Anyone else seen UpdateStops closing at +1 in error ?
I have a demo trade going now all default settings , will keep running them
and let you know . Like I said I may have have done something wrong before .
I am with Gain Capitol which is forex.com and their prices read like this : 1.28315 . Mt4 version 4.00 build 220
Rob , would it make your life easier if we all used IBFX ? I really appreciate
all the time you devout to this .
Cheers
glass
  • #2,434
  • Mar 11, 2009 10:15pm Mar 11, 2009 10:15pm
I have been spending time trying to find a system that works for me. I trade on Forex.com platform. Most of the trading systems or setups are for other systems. Is there anyone local to me in Portland ? Anyone who uses my platform? Or who can teach me?
  • #2,435
  • Mar 11, 2009 10:17pm Mar 11, 2009 10:17pm
Hi Robdee,

I think were getting somewhere w/ your inquiries...

Yes, the error is occuring everytime and here is what my experts tab is reading...

 

  1. UpdateStops EURUSDm,M5: Server 'InterbankFX-MT4 Mini Accounts 4' reports minimum lots=0.01 maximum lots=50
  2. UpdateStops EURUSDm,M5: EURUSDm Digits=4 PipDigits=8 PipDecimal=0.00000001 PipValue=$0.00

looks like some discrpencies compared to what you said I should have.

thanks,
revrobwimb

Quoting robdee
OK, that is fine. The reason I asked is there is a scenario where the price has already reached +20 before UpdateStops is loaded, in that case MoveStop will kick in and can take the trade out at +1. That is not happening here by the looks of it.

Your first message about this sounds like the error is occuring every time, not just sometimes, is that correct ?

Also, please check your Experts tab for two messages. They should read like what I have below. If any differences please copy n paste here for me.

[code]UpdateStops...
  • #2,436
  • Mar 11, 2009 10:47pm Mar 11, 2009 10:47pm
Is there a reason you don't use the MT4 platform that Forex.com has? It would be much better for you if you could use MT4. Maybe as with FXCM, on a Micro account, you can't use MT4, and have to use their platform. You should call them and see if you can use the MT4 platform, then all the indicators and things built here for it can be used.
  • #2,437
  • Mar 12, 2009 1:12am Mar 12, 2009 1:12am
Hi robdee,
I have the same problem with the expert. Opened position with 0.02 microlots.
Logs from Expert tab:

07:32:28 UpdateStops EURUSDFXF,M5: loaded successfully
07:33:35 UpdateStops EURUSDFXF,M5 inputs: Notes1="Settings for 'Force5' by ForexJedi"; TakeProfit1=15; TakeProfit2=30; TakeProfit3=0; TakeProfit1Percent=50; TakeProfit2Percent=50; TakeProfit3Percent=0; HardStop=15; MoveStop=15; TrailingStop=15; UseFullLots=true; UseMiniLots=true; UseMicroLots=true; HardStopWarnings=true; MaxBrokerSlippage=2;
07:33:35 UpdateStops EURUSDFXF,M5: EURUSDFXF Digits=4 PipDigits=8 PipDecimal=0.00000001 PipValue=$0.00
07:33:35 UpdateStops EURUSDFXF,M5: Server 'Forex.com-Demo' reports minimum lots=0.01 maximum lots=10000
07:33:35 UpdateStops EURUSDFXF,M5: This is free experimental software. No guarantees are expressed or implied.
07:33:35 UpdateStops EURUSDFXF,M5: UpdateStops version V20090308 for Public release, compiled with MetaTrader4 Build 221, Copyright 2009 Robert Dee, All Rights Reserved
07:33:35 UpdateStops EURUSDFXF,M5: UpdateStops is attached to a EURUSDFXF chart so it will manage ONLY EURUSDFXF open orders, it ignores all other trades.
07:33:35 UpdateStops EURUSDFXF,M5: HardStop=15, missing SL values on open orders will be set to 15 pips loss.
07:33:35 UpdateStops EURUSDFXF,M5: initialized


09:54:37 UpdateStops EURUSDFXF,M5: close #6259154 buy 0.01 EURUSDFXF at 1.2773 at price 1.2774
09:54:37 UpdateStops EURUSDFXF,M5: unknown ticket 6259154 for OrderClose function
09:54:37 UpdateStops EURUSDFXF,M5: close #6259171 buy 0.01 EURUSDFXF at 1.2773 at price 1.2775

----------------------------------------------------------------------------------------------
09:54:29 '90166479': instant order buy 0.02 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000
09:54:29 '90166479': request was accepted by server
09:54:29 '90166479': request in process
09:54:29 '90166479': order was opened : #6259154 buy 0.02 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000
09:54:37 '90166479': close order #6259154 buy 0.01 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000 at price 1.2774
09:54:37 '90166479': request was accepted by server
09:54:37 '90166479': request in process
09:54:37 '90166479': order #6259154 buy 0.01 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000 closed at price 1.2774
09:54:37 '90166479': remainder of order #6259154 was opened : #6259171 buy 0.01 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000
09:54:40 '90166479': close order #6259171 buy 0.01 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000 at price 1.2775
09:54:40 '90166479': request was accepted by server
09:54:40 '90166479': request in process
09:54:40 '90166479': order #6259171 buy 0.01 EURUSDFXF at 1.2773 sl: 0.0000 tp: 0.0000 closed at price 1.2775

Thank you beforehand.
  • #2,438
  • Mar 12, 2009 2:04am Mar 12, 2009 2:04am
excellent work by the owner of this thread
  • #2,439
  • Edited 6:19pm Mar 12, 2009 3:47am | Edited 6:19pm
Mini Account Traders,

This issue is now clear to me. I know why some systems are closing trades at +1 pips.

I assumed that 1.00 lots in MT4 always represented 100,000 currency units, or one standard lot. Today I have learned that this is not the case.

Some systems offer 'mini' accounts where 1.00 lots represents 10,000 currency units (not 100,000). To make this work they must change the currency symbol they use. IBFX uses EURUSDm, Forex.com uses EURUSDFXF. How many different symbols are out there for EURUSD? I have no idea.

My code uses the symbol EURUSD as the base reference for calculating decimal places for all the other currency pairs. My code doesn't know about other symbols that are used to represent the euro. The only solution that comes to mind is to require that you the user enter your own unique symbol so that my code can 'find' your EURUSD information.

To solve this I have added a new user setting to UpdateStops.
BrokerEuroSymbol=EURUSD

For example:
BrokerEuroSymbol=EURUSDm (IBFX live mini account)
BrokerEuroSymbol=EURUSDFXF (Forex.com-Demo account)

Always check the messages printed in the Experts log, should see something that makes sense like this:

  1. UpdateStops EURUSDm,M5: Server 'InterbankFX-MT4 Mini Accounts 4' reports minimum lots=0.01 maximum lots=50
  2. UpdateStops EURUSDm,M5: EURUSDm Digits=4 PipDigits=4 PipDecimal=0.0001 PipValue=$1.00

The previous version instructions still apply at post 2405
http://www.forexfactory.com/showpost...postcount=2405

This version of UpdateStops EA is V20090312

Attached File(s)
File Type: ex4 UpdateStops.ex4   12 KB | 1,435 downloads
  • #2,440
  • Mar 12, 2009 5:23am Mar 12, 2009 5:23am
Quoting robdee
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.

Attachment
Attachment

I used same MM setup as on Monday...
Hi robdee,

I have to say that your trading charts and analysis showing your trades are very close to being some of the best short term analysis I have seen on any trading forum, and an excellent education to new traders.

Although your contribution to this thread is already immense I have a small suggestion about your trading comments that may be of additional use.

As most experienced traders know it is not always about the trades you take that matters, but sometimes the trades you don't take. Given FXJedi's criteria and the alert you have coded shows more signals than you act on, if you could also demonstrate why you ignored some of the signals this would also be highly informative.

Some would be obvious, but others maybe more subtle and just down to your experience and understanding of this method and this pair.

Not wanting to increase your workload but it might help some people.

Good trading.

G-Man
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