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"vForce" the revolution

  • #721
  • Apr 2, 2009 1:55pm Apr 2, 2009 1:55pm
Quoting fboy
Interested to know how you might have played this scenario today. Short signal bar at 11:30 (GMT), immediately followed by reverssal green bar with fluctuations caused by ECB interest rate not being cut as much as expected at 11:45 GMT. The next Force 5 long entry supporting the VFE reversal was at 11:50 but did not close outside the range of the previous 5M bar. Would you have been tempted into this or left alone?
Fboy good observations. I agree the 11:50 Force5 buy was far below the previous spike high that was shot down by the bears making it look too close to resistance. It was also very soon after the ECB news, and the VFE retrace did not appear until later.

I stayed out because of the news. There are only two kinds of news that concern me, interest rate announcements, and Non-Farm Payrolls (NFPs). I know I'm not good at trading either one so I stay away.
  • #722
  • Apr 2, 2009 4:18pm Apr 2, 2009 4:18pm
robdee or others,

I had no problems loading vforce alerts and templates. Edge I dont get any painted candles or prices or anything. I have tried all the versions of edge same result.

I am sure I did something wrong I cant figure out what. I use forex.com 5 digit quote.

Also the edge is loaded in indicator list. I know it doesnt say it in upper left corner.

Thanks in advance,

Brandon
Attached Image (click to enlarge)
Click to Enlarge Name: 4-2 ex.GIF Size: 15 KB
  • #723
  • Edited 6:02pm Apr 2, 2009 5:46pm | Edited 6:02pm
Quoting Auld0776
I am sure I did something wrong I cant figure out what. I use forex.com 5 digit quote.
Good thing you posted your chart where I see the symbol is EURUSDpro.

Any broker that uses a symbol different from EURUSD you need to tell VFE about it. In your case set BrokerEuroSymbol=EURUSDpro and I think everything will look a lot better.

When VFE has found the correct euro symbol to use as a reference you will see a message in Experts tab like this.

vForceEdge EURUSD,M15: EURUSD Digits=4 PipDigits=4 PipDecimal=0.0001 PipValue=$10.00 Server=[InterbankFX-MT4 Demo Accounts 2]

In your case with forex.com it should look like this.

vForceEdge EURUSDpro,M15: EURUSDpro Digits=5 PipDigits=4 PipDecimal=0.0001 PipValue=$10.00 Server=[Forex.com-Demo]
  • #724
  • Apr 2, 2009 6:10pm Apr 2, 2009 6:10pm
Robdee,

Thanks I could have looked forever on that. Works great.

Brandon
  • #725
  • Apr 2, 2009 6:54pm Apr 2, 2009 6:54pm
After price moved above 1 April support there was a fair amount of swinging back and forth before the new direction was established. Standard VFE retrace labels were being over-run which is unusual.

One thing I have been looking at is the price action in relation to the signal candle high/low. This is something I have been observing for a while, especially the deeper retraces we see around bottoms and tops.

Two good examples of price action retracing to a signal candle level before continuing on with strength are shown below.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_2apr2009_retraces.gif Size: 28 KB


I am considering using these levels for my VFE entry rules. RD
  • #726
  • Edited 4:33am Apr 3, 2009 4:18am | Edited 4:33am

Fellow Traders,


I thought you all might like something to do while we wait for the NFP hype to pass. I have zipped a cut-down version of MT4 with all the necessary files and history data you need to get started with vForceSim. It is all pre-configured and ready to go for one solid month of VFE practice trading.


This is the same tool I have been using to test MM rules for VFE.


Enjoy! RD


vForce Simulator for training and back-testing using Strategy Tester


vForceSim (VFS) is used to simulate the live trading enviroment and encourages users to practice reading the price action and placing trades to develop more experience and consistency. The speed of price action is user controlled. VFS also allows an already consistent trader to test different
money management scenarios.


VFS does all the work of managing the simulated trades according to the MM rules entered before trading starts. All the trader needs to focus on is reading the chart and entering trades. Immediate feedback is provided on the chart showing exactly when and where trades were opened and closed.


Instructions
Read the vForceSim.PDF which explains how to use it and how to install it.

Attached File(s)
File Type: pdf vForceSim.pdf   118 KB | 1,464 downloads
File Type: zip MT4-BackTest.zip   542 KB | 1,139 downloads
File Type: zip terminal.zip   1.7 MB | 1,646 downloads
  • #727
  • Apr 3, 2009 11:50am Apr 3, 2009 11:50am
Hi,

The VFA work pretty good but i dont understand the VFE ? there is lot of false signal ? can someone explain me ?
  • #728
  • Apr 3, 2009 2:08pm Apr 3, 2009 2:08pm
Quoting bizard
The VFA work pretty good but i dont understand the VFE ? there is lot of false signal ? can someone explain me ?
I explained the differences in post 696
http://www.forexfactory.com/showpost...&postcount=696

Anyone else who understands VFE is welcome to make some explanations as well.
  • #729
  • Apr 3, 2009 2:50pm Apr 3, 2009 2:50pm
Quoting robdee
I explained the differences in post 696
http://www.forexfactory.com/showpost...&postcount=696

Anyone else who understands VFE is welcome to make some explanations as well.
Robdee
Hi. I have read through the original documents on the first post and followed the thread quite closely. However, I am not sure in a nutshell what the specific trading rules are for edge. I know you said its in an experimental phase but can you kindly post a long and short entry and just some bullet point entry/exit rules. It would really help
Also, have you tried any other timeframes outside 15mins?
Sorry if this is covering old ground but I hope that at least in part, it will be new information for the followers of the thread
Regards
Vimal
  • #730
  • Apr 3, 2009 8:44pm Apr 3, 2009 8:44pm
VFE 'Signals Only' trading gives a baseline level of performance which can then be used to compare with all other entry/exit strategies.

  1. Question: What is the simplest way to trade vForceEdge ?
  2. Answer: Trade every signal as soon as it appears.

If it is a buy signal then buy, if it is a sell signal then sell - immediately.
No confirms, no reverses, no retraces, no s/r levels , no fibos, no pivots - just the raw signals only.

  1. Question: Is there enough of an edge in the signals alone to make a profit ?
  2. Answer: Yes, 92% profit in the month of March alone.

This chart shows trade entries immediately after each signal candle closes.

Attached Image (click to enlarge)
Click to Enlarge Name: VFE_SignalsOnlyTrades.gif Size: 16 KB


TP1=50 TP2=100 TP3=150 (35:35:30)
SL intially placed 35 pips above/below MA6.
SL is moved to BE when +35 is reached.
SL is then trailed 35 pips above/below MA6.

This report shows the trading statistics in summary.

Attached Image (click to enlarge)
Click to Enlarge Name: VFE_SignalsOnlyTrades_Report.gif Size: 14 KB


The spreadsheet below lists each individual trade entry for the month.
The template (.TPL) file is applied to a new IBFX EURUSD 15min chart to see all the trades for the month.
Attached File(s)
File Type: xls VFE_SignalsOnlyTrades.xls   61 KB | 653 downloads
File Type: tpl VFE_SignalsOnlyTrades.tpl   70 KB | 788 downloads
  • #731
  • Apr 3, 2009 8:44pm Apr 3, 2009 8:44pm
This is the way I'm using this system on my live account. I take the first vforce signal right at the end of Asian session ( Frankfurt) or if there isn't one at that time I'll wait for London session and take the first signal available on the EUR/USD. It's been a very successful strategy doing it just this way with atl least an 80% success rate. I've also visually back tested it for a year everyday on the 15 minute time frame euro and it has a winning trade 4 out of 5 times. Definitely a money maker and consistent. I only trade that one signal every day and go for at least 20 pips or more and that's it for the day using this system. The signals aren't as reliable on NY session or Asian session so I'll only trade this at the very end of Asian session and mainly London session and the signals on the EUR are 80% accurate. I trade less but increase the lot size for the higher probablilty trades. Paris
  • #732
  • Edited 3:58am Apr 4, 2009 3:40am | Edited 3:58am
VFE is so profitable!! U did it Robdee!
Pivot Boss in the making~
  • #733
  • Apr 4, 2009 9:31am Apr 4, 2009 9:31am
TP1=50 TP2=100 TP3=150 (35:35:30)
SL intially placed 35 pips above/below MA6.
SL is moved to BE when +35 is reached.
SL is then trailed 35 pips above/below MA6.

Thanks for the quick reply on this. Just final question...MA6. What is the MA6? I thought stops were 10pips above/below the signal candle before but edge is different so rules can easily be different

Thanks again
Vimal
  • #734
  • Apr 4, 2009 9:40am Apr 4, 2009 9:40am
Quoting robdee
VFE 'Signals Only' trading gives a baseline level of performance which can then be used to compare with all other entry/exit strategies.

  1. Question: What is the simplest way to trade vForceEdge ?
  2. Answer: Trade every signal as soon as it appears.

If it is a buy signal then buy, if it is a sell signal then sell - immediately.
No confirms, no reverses, no retraces, no s/r levels , no fibos, no pivots - just the raw signals only.[list][*]Question: Is there enough of an edge in the signals alone to make a...

  1. Question: Have u tried testing on all type of mkt? Ranging or trending?

I kudo ur superb programming skill...

Sonic

  • #735
  • Apr 4, 2009 10:09am Apr 4, 2009 10:09am
Quoting robdee
VFE 'Signals Only' trading gives a baseline level of performance which can then be used to compare with all other entry/exit strategies.

  1. Question: What is the simplest way to trade vForceEdge ?
  2. Answer: Trade every signal as soon as it appears.

If it is a buy signal then buy, if it is a sell signal then sell - immediately.
No confirms, no reverses, no retraces, no s/r levels , no fibos, no pivots - just the raw signals only.[list][*]Question: Is there enough of an edge in the signals alone to make...

Robdee you make a wonderfull work
1. I have put the ea into interbankfx but I can't open it
2. Can't see the red, blue green candels .
Please help me
Thank you
  • #736
  • Apr 4, 2009 12:41pm Apr 4, 2009 12:41pm
Quoting robdee
VFE 'Signals Only' trading gives a baseline level of performance which can then be used to compare with all other entry/exit strategies.

  1. Question: What is the simplest way to trade vForceEdge ?
  2. Answer: Trade every signal as soon as it appears.

If it is a buy signal then buy, if it is a sell signal then sell - immediately.
No confirms, no reverses, no retraces, no s/r levels , no fibos, no pivots - just the raw signals only.[list][*]Question: Is there enough of an edge in the signals alone to make...


If it´s continue that way.......
Elovv
  • #737
  • Apr 4, 2009 1:32pm Apr 4, 2009 1:32pm
Hi....Are you still using your original MM rules,,,first 20 pips take 80% profit and let the 20% balance run on 50 pip trailing stop and maintain the original stop 10 pips over/under buy/sell candle?
  • #738
  • Apr 5, 2009 3:18am Apr 5, 2009 3:18am
Quoting piptalk
Hi....Are you still using your original MM rules,,,first 20 pips take 80% profit and let the 20% balance run on 50 pip trailing stop and maintain the original stop 10 pips over/under buy/sell candle?
Hi Piptalk. Have a quick review of post 730 where Robdee got back to me on the headline rules. Hopefully this should help

The one thing I wasn't sure of was the 6MA Definition? Surely this isn't the 6period SMA?!?

Regards
Vimal
  • #739
  • Apr 5, 2009 2:02pm Apr 5, 2009 2:02pm
Hey Thanks for the reply!!,,,,This system is very simplistic ,,,yet powerful if followed according to Robs and FJ parameters,,,,,I know trading systems are constantly getting tweaked for the best returns,,,etc. Just wanted to make sure the MM rules are constant,,,,,,Again ,,hats off to the V force boys for putting together and sharing an effective trading system!!!,,,
  • #740
  • Apr 5, 2009 4:50pm Apr 5, 2009 4:50pm
Quoting vnathwani
What is the MA6? I thought stops were 10pips above/below the signal candle before but edge is different so rules can easily be different
vForceEdge is experimental, it is more complicated than the original vForce in every way. I'm not sure this is a good thing or not. The original vForce is much simpler and also profitable if traded the way ForexJedi trades it.

You ask about the MA6, that is the smoothed moving average 6 which is the centreline of the MA6 tunnel in VFE. It is part of the vForceEdge setup template, that purple line running through the middle of the price action.

More info about the MA6 tunnel is in post 693
http://www.forexfactory.com/showpost...&postcount=693
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