"vForce" the revolution

Quoting robdee

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I have decided to make the original confirmation rule a user controlled option. This new option is called ConfirmByPips. Users need to control this rule because sometimes the confirmation candle bounces back and closes inside the signal candle. This results in a higher risk situation for trading because price did not yet close outside the signal candle hi/low.

Some traders want to see only the lowest risk (highest probability) setups, in that case they will set ConfirmByClose = True and ConfirmByPips = False.

I have illustrated...

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Quoting Elovv

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I´m testing VForce Together witm RR´s EA. When I got The alert mail, I got 2 mails. Can I do something towards that?

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Quoting radit27

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...where i can put it vforceedge_black.tpl and vforce_white.tpl?

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Quoting Alec

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I understand we can use a helpful EA - UpdateStops. I've set UpdateStops EA the way you can see in the pictures. Are these the right settings?

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Quoting fboy

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Hi,

I just thought I'd share this with you.

I put a short trade at 1.3195 i.e. close to the reverse retrace orange label. Once it was on I then looked at the previous PA (obviously should have done this first but I was slow to wake up today) and realised this was maybe not a good trade with a double bottom around 1.3177 so I closed out for a small profit (5 pips, woohoo!). Time will tell if I was right to can it.

fb

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Quoting fboy

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So using the PA history saved me from a loss.

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+-----------------------------------------------------+
| INDICATOR                           vForceEdge.EX4  |
| copy to [experts\indicators] then apply template    |
| status messages printed in Experts tab of terminal  |
+-----------------------------------------------------+
| This is free experimental software.                 |
| No guarantees are expressed or implied.             |
| Support in "vForce the revolution" FF forum thread. |
+-----------------------------------------------------+
 author  [url="http://www.forexfactory.com/member.php?u=12983"]www.forexfactory.com/member.php?u=12983[/url]
 support [url="http://www.forexfactory.com/showthread.php?t=155871"]www.forexfactory.com/showthread.php?t=155871[/url]

INDICATOR_VERSION    20090402
INDICATOR_NAME       vForceEdge
RELEASE_LEVEL        Experimental
MT4_BUILD            223

[Inputs Tab]
Notes1              = vForceEdge Experimental V20090402 by RobDee
PaintSignalCandles  = True         painting of signal candle bodies on the price chart
PaintConfirmCandles = True         painting of confirm candle bodies on the price chart
ConfirmByClose      = True         confirmed by a close above/below the signal candle
ConfirmByPips       = True         confirmed by __ pips above/below the signal candle
ConfirmBars         = 5            number of bars to wait for a confirmation (0 is disabled)
ConfirmPips         = 10           number of pips above/below a signal candle to confirm it (0 is disabled)
StopPips            = 10           number of pips above/below a signal candle for stop loss
ShowConfirmPrices   = True         print price labels at confirm prices
ShowStopPrices      = False        print price labels at stop loss prices
ShowRetracePrices   = True         print price labels at retrace prices
ShowPipMoves        = True         print pips moved after a retrace price is found
ShowAlertArrows     = False        print alert arrows on the price chart
HideBuysAboveMA6    = True         hide signals that open above ma6 or touch ma6+30
HideBuysLowVolume   = 0            hide signals if volume less than _____ (0 is disabled)
HideSellsBelowMA6   = True         hide signals that open below ma6 or touch ma6-30
HideSellsLowVolume  = 200          hide signals if volume less than _____ (0 is disabled)
AlertPopups         = False        enable/disable alert popup window
AlertSoundFile      = alert2.wav   the WAV file must be located in the MT4\sounds folder, (blank is disable sounds)
AlertSoundRepeats   = 3            number of times the WAV file will be repeated after the first alert sound
AlertEmailLevel     = 0            0=none  1=signals  2=confirms/reverses  3=retraces  4=all messages
StatusLabelName     = statuslabel  name of text label object to use for displaying status on the chart
BrokerEuroSymbol    = EURUSD       reference symbol for calculating decimal places for all pairs, eg IBFX mini use EURUSDm
RightSideLabels     = False        print price labels on the right side instead of the left side
LabelSize           = 1            size for all price labels (1=smallest 5=largest)
ConfirmLabelBuy     = MediumBlue        
ConfirmLabelSell    = Red       
StopLabelBuy        = Gray
StopLabelSell       = Gray
RetraceLabelBuy     = RoyalBlue
RetraceLabelSell    = DarkOrange

[Colors Tab]
color1 MediumBlue   BUY alert arrows
color2 Red          SELL alert arrows
color3 ForestGreen  BULLISH confirm candle body
color4 LimeGreen    BEARISH confirm candle body
color5 MediumBlue   BULLISH signal candle body
color6 Red          BEARISH signal candle body

Quoting robdee

Disliked

As explained in recent posts I have been working on a cleaned up version of vForceEdge (VFE). This is version V20090402 for experimental use. I have done a lot of testing with this one and am satisfied it is all ready.

This is the last VFE feature release. I will only release a maintenance version if some fixes are needed. This stage of the VFE project is finished. It is now time move on and focus on entry and exit rules.

User settings have changed, please read through the list below to become familiar with the new defaults. Enjoy! RD...

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Quoting mprincehorn

Disliked

...when a VForce alert happens the message fails to be sent. I have uninstalled and reinstalled vforce alerts but dosen't help. I've installed the versions that are on post 577 and have a build 223 on interbank platform. What could be the problem ?

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Quoting hohgch

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Robdee, when I tried to open VForceEdge, both template and indicator, my MT4 crashed. Why is that? Thanks for your patience.

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Quoting robdee

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fboy good trading man, seeing the evidence of support below and realising this was not a great level to be selling meant you kept the pips!

After reading your comments I looked for a candle that confirmed the original buy signal. I counted across 10 bars to see the 9:00 confirmed. Setting ConfirmBars=10 allows VFE to highight this as shown below. That 9:00 candle also showed the bulls were attempting a TL break.

Attachment

I'm not suggesting a permanent change of ConfirmBars=10 (default=5). RD

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