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"vForce" the revolution

  • #621
  • Mar 19, 2009 12:49am Mar 19, 2009 12:49am
Hi Robdee

I don't do a lot of posting, however I do read a lot of them and continue to learn from people's questions and answers.

I am having a problem with the updatestops EA, and I was hoping to show you and explain to you the issue I am having.

The EA is not taking profit when it should (at 20 pips).

I have the following settings on it;
take profit = 20
take profit %= 80
hardstop= 20
movestop= 20
trailing stop 30

in the trade in the attachment you can see that it did not close 20% until it hit 412 pips.

Any help would be appreciated.

Thanks
Ezzy
Attached Image (click to enlarge)
Click to Enlarge Name: vforce.gif Size: 18 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #622
  • Mar 19, 2009 4:00am Mar 19, 2009 4:00am
Quoting Ezzy
...in the trade in the attachment you can see that it did not close 20% until it hit 412 pips.
Hey Ezzy good to hear from you

Do you mean it closed 80% at +20, then the remaining 20% went to +412 ?

My initial reaction is this is likely caused by logging out or unloading the EA, price moved away and then when you logged in again the EA saw it needed to close out. I have no other ideas about this.

What version are you using ?
Have you used it successfully in the past ?

Anyone else using UpdateStops EA on Alpari ?
  • #623
  • Mar 19, 2009 4:46am Mar 19, 2009 4:46am
Hey Robdee

Thanks for your reply man!

I have had a few different little glitches, but had seemed to go away. However I have just realised that my platform is ver 2.20. I'd say that's the problem.

Cheers mate.
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #624
  • Mar 19, 2009 5:46am Mar 19, 2009 5:46am
hi fj & RD i just want to just say thanks. you guys are great . May all the good pips continue to be with you
thanks
  • #625
  • Mar 19, 2009 7:12am Mar 19, 2009 7:12am
Hello,
Robdee!
It's very useful. But for 5 digits brokers we must use another template.
Attached File(s)
File Type: tpl vforceedge_white(5 digits).tpl   20 KB | 437 downloads
  • #626
  • Mar 19, 2009 8:25am Mar 19, 2009 8:25am
I think it is very good idea. If we wait for retracement - yes we will not take some trades. But other will have much more R/R ratio.
  • #627
  • Mar 19, 2009 9:45am Mar 19, 2009 9:45am
Thanks for come out such great indicator. i have some feedback after using this tool.

1, i found that the signal is different between brokers, so far i notice IBFX and FXDD are show different signal. which one is correct?

2, what is the RetraceLabelBuy and RetraceLabelSell use for?

3, the stop loss is same is as vForce?

Thanks again.

Quoting robdee
An observation from recent price action (before FOMC news).

VFE (vForceEdge) tunnel edge tests and retests acting as good confirmation of support and resistance before next major move.

Attachment

On the other hand, if price wanders around without testing an edge then it has not confirmed anything. RD
  • #628
  • Mar 19, 2009 11:28am Mar 19, 2009 11:28am
Please, In tnis chart, IBFX, I need to know that means to the red left number and to the right candle green above of the red one.
thank
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 57 KB
  • #629
  • Mar 19, 2009 2:47pm Mar 19, 2009 2:47pm
Any system based on S/R will have picked up the break higher and the 1.3486 (DO) retest.
vForceEdge simply highlights a few things for you as shown below.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_19mar2009_vforceedge.gif Size: 17 KB


DO = DayOpen = open price at 0:00 gmt (often acts as a pivot)

VFE experimenters please read:
Some people are asking about trading rules for vForceEdge.
There are none, this is an experimental indicator, no rules have been given.

The combined intelligence of this forum is invited to test and suggest trading/mm rules for VFE. I have my own ideas but I'm still testing them.

Enjoy! RD
  • #630
  • Mar 19, 2009 3:01pm Mar 19, 2009 3:01pm
Quoting sony001
...the signal is different between brokers, so far i notice IBFX and FXDD are show different signal. which one is correct?
Hi sony, thanks for the feedback.

Different signals on different brokers is very common. The candles are slightly different so the indicator thresholds are reached at different times.

I use IBFX demo server for all my development and charting. I find they are a much better quality data feed than my trading broker. If you wish to recreate the exact platform I use the instructions are below. RD

IBFX demo reference platform setup
http://www.forexfactory.com/showpost...postcount=2078
  • #631
  • Mar 20, 2009 2:54pm Mar 20, 2009 2:54pm
Well the bulls gave away more than a small retrace today.

Price action was suggesting a deeper bearish move. The speed of the drop from 10:00 gmt surprised me. I guess it was something to do with the eurozone news.

I'm still using Force5 as my trigger for trade entries. RD

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_20mar2009_priceaction.gif Size: 29 KB
  • #632
  • Mar 20, 2009 8:51pm Mar 20, 2009 8:51pm
Hello RobDee,
I am very interested in your system, but for some reason my windows vista will not allow me to upzip the compressed files (imagine that! windows vista not working correctly!) found on page 1.

If you could tell me which files and templetes I need (from the attachment menu) I will manually install them to my metatrader platform. This is probably easier than trying to figure out why Bill Gates can't make software that works!, and saves me from pulling out the rest of the hair I still have!

Thanks for you hard work and dedication!
Enter Signature
  • #633
  • Mar 21, 2009 12:46am Mar 21, 2009 12:46am
Quoting teleblue
If you could tell me which files and templates I need...
Teleblue welcome to vForce, click the vForceAlerts link in my signature. RD
  • #634
  • Mar 21, 2009 1:15am Mar 21, 2009 1:15am
I am in the middle of a lengthy process to create my own MM rules for vForceEdge.
Risk:Reward ratio is my number one priority in this design.
If I plan to risk 1% on a trade then I must be planning to gain 1% or more.
I am not a scalper, scalpers generally do not share my concern with risk:reward.

The first stage of this process has been examining 100+ trading opportunities this month.
The most obvious winners are the signals that confirm then retrace back to the signal level.
For now I have settled on a strategy I have called "VFE 50 100 150". The details are below.

Inserted Code
Notes1             = "VFE 50 100 150"
TakeProfit1        = 50       close part of the trade when this target is reached
TakeProfit2        = 100      close part of the trade when this target is reached
TakeProfit3        = 150      close part of the trade when this target is reached
TakeProfit1Percent = 35       percentage of trade to close when TakeProfit1 is reached
TakeProfit2Percent = 35       percentage of trade to close when TakeProfit2 is reached
TakeProfit3Percent = 30       percentage of trade to close when TakeProfit3 is reached
RiskPerTrade       = 5        % RiskPerTrade used with stoploss size to calculate number of lots
OpenRiskAllowed    = 0        do not trade if current open risk % is greater than allowed (default = 0)
StopAbove          = 35       pips above MA6 for stop loss placement when selling
StopBelow          = 35       pips below MA6 for stop loss placement when buying
StopMin            = 15       minimum pips to allow for the entire stop loss, stretch stop wider to ensure this
MoveStop           = 50       move stop to MA6 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)
CloseOnReverse     = True     close opposing trades immediately BEFORE opening a new trade (default = False)

This chart shows a few trades using this strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_3mar2009_strategytest.gif Size: 29 KB


This PDF shows all the results from recent weeks.
Attached File(s)
File Type: pdf vForceEdge_StrategyTest.pdf   40 KB | 1,181 downloads
  • #635
  • Mar 21, 2009 5:07am Mar 21, 2009 5:07am
Quoting robdee
Teleblue welcome to vForce, click the vForceAlerts link in my signature. RD
Hi RobDee, I ask if vForceAlerts.exe replaces VForceEdge.exe, please this is not clear for my.

Thank
  • #636
  • Mar 21, 2009 5:32am Mar 21, 2009 5:32am
Hello, Robdee.
I think you are right. Waiting for posting this strategy. Will it be an indicator or
EA?
  • #637
  • Mar 21, 2009 11:52am Mar 21, 2009 11:52am
Quoting robdee
I am in the middle of a lengthy process to create my own MM rules for vForceEdge.
Risk:Reward ratio is my number one priority in this design.
If I plan to risk 1% on a trade then I must be planning to gain 1% or more.
I am not a scalper, scalpers generally do not share my concern with risk:reward.

The first stage of this process has been examining 100+ trading opportunities this month.
The most obvious winners are the signals that confirm then retrace back to the signal level.
For now I have settled on a strategy I have called...
Hi Rob, I have read thru this thread and this looks like a fantastic methodology. I look forward to trying it out.
Question: what did you use to prepare the results shown in the pdf?
I thought I had seen and EA or something somewhere that lets you put in manual orders and produce a report like this. Is that what you did?

Thanks
  • #638
  • Mar 22, 2009 12:03am Mar 22, 2009 12:03am
Thanks RD and FJ... Great indicator.
I've read all the Vforce threads and am impressed with the amount of work and continual improvement going into this indicator.
One thing you could enlighten me on ( I must have missed), The Profit and Risk displayed. Do they relate to the latest trade?
We all see the same dream, just from different viewpoints
  • #639
  • Edited 9:07pm Mar 22, 2009 8:40pm | Edited 9:07pm
Quoting asquin
Hi RobDee, I ask if vForceAlerts.exe replaces VForceEdge.exe, please this is not clear for my.
vForceAlerts is the indicator approved for vForce.

vForce EURUSD 15min training from ForexJedi is in the other thread.
http://www.forexfactory.com/showthread.php?t=156640

All kinds of vForce experiments are welcome in this thread.
Support questions about the indicators belong in this thread.

vForceEdge is just an experimental indicator, it is not yet approved for mainstream vForce trading. Enjoy! RD
  • #640
  • Mar 22, 2009 8:49pm Mar 22, 2009 8:49pm
Quoting Ironbark
...the Profit and Risk displayed. Do they relate to the latest trade?
The onscreen status included with vForceAlerts and vForceEdge shows total profit and total risk in real time. Meaning it is updated with every new price move (tic) from the server.

  1. Total profit is current profit + swap for all open orders.
  2. Total risk is calculated using the lot size and stoploss for all open orders.
  3. If any order (open or pending) does not have a stoploss then risk shows as 100%.

The purpose of this real time display is to help traders become more aware of the risk:reward ratio at all times. The status label is under complete control of users who can change the font, color, and position of the status label.

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