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"vForce" the revolution

  • #741
  • Apr 5, 2009 5:06pm Apr 5, 2009 5:06pm
Some people have been asking me about the interface that programmers can use to connect their EAs to vForceEdge.

The interface code is in post 674
http://www.forexfactory.com/showpost...&postcount=674
  • #742
  • Apr 5, 2009 5:32pm Apr 5, 2009 5:32pm
Hi Robdee,,,,,You had a solid return for March,,,When you say 1 to 3 trade signals a day are you trading all major markets ie, Lodon,,NY,,,Asian,,thx
  • #743
  • Apr 5, 2009 5:39pm Apr 5, 2009 5:39pm
Quoting sonicdeejay
Question: Have u tried testing on all type of mkt? Ranging or trending?
Hi Sonic, thanks for your encouragement.

Your question is the 'acid test' for most systems. Generally VFE performs best when the range or trend-channel is 100-200 pips wide.

When the price action is 'trapped' in a narrow sideways range the targets have to be much smaller and therefore Risk:Reward ratios suffer.

Chart below shows a narrow ranging market that is the hardest to trade VFE style.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_2march_vferange.gif Size: 16 KB
  • #744
  • Apr 5, 2009 5:52pm Apr 5, 2009 5:52pm
Quoting piptalk
Hi Robdee,,,,,You had a solid return for March,,,When you say 1 to 3 trade signals a day are you trading all major markets ie, Lodon,,NY,,,Asian,,thx
Hi Piptalk

I assume you mean the March results in post 730
http://www.forexfactory.com/showpost...&postcount=730

Those results are a baseline meaning the simplest possible way to trade VFE. That means every signal in all sessions all month long.

The task now is to see if we can improve or 'beat' the baseline by being more selective in the signals that we trade. This is where the trade decisions will start to include factors that you mention like which market is open. RD
  • #745
  • Apr 5, 2009 6:12pm Apr 5, 2009 6:12pm
Hey RD,,,Thanks for the feedback,,,I really like your system,,Its easy to understand and like I said earlier,,, seems very productive,,,,Looking forward to following this thread,,,,,,,
  • #746
  • Apr 5, 2009 6:19pm Apr 5, 2009 6:19pm
Kiaora RD, Just found this thread, looks very very interesting.
Cant believe I havent really noticed before, but there appears to be quite a few threads in the evolution of the system.
I must have been spending too much time stuck on learning other bits.
Heaps of reading to catchup on.
I'll be back - hey are you a jaffa, I hide from the wind myself.

Cheers kiwi
Target 2 : Stoploss in the green
  • #747
  • Edited 4:39am Apr 6, 2009 2:44am | Edited 4:39am
vForceEdge 'Signal Times' is exactly same as post 730 baseline except now we enter trades only at certain times of the day.

The VFE MM rules stay the same, only the entry times are now filtered.
The best times to enter a new trade are:

  1. 6:00 - 8:45 gmt
  2. 14:00 - 14:45 gmt
  3. 19:00 - 23:45 gmt

I analysed all of the March trades to see which hours are the most profitable. My results are in this graph.

Attached Image (click to enlarge)
Click to Enlarge Name: VFE_SignalTimesGraph.gif Size: 13 KB


This chart shows signals that occur inside and outside the best trading times.

Attached Image (click to enlarge)
Click to Enlarge Name: VFE_SignalTimesChart.gif Size: 25 KB


This reduces the number of trade entries in March from 48 down to 21 and increases the net profit from 92% to 230%

This list of trades shows the value of including the 14:00-14:45 time slot as well.

Attached Image (click to enlarge)
Click to Enlarge Name: VFE_SignalTimes14.gif Size: 22 KB


Essentially there are a lot less losing trades so the equity curve progresses more smoothly as shown in this report summary.

Attached Image (click to enlarge)
Click to Enlarge Name: VFE_SignalTimesReport.gif Size: 13 KB


The .xls spreadsheet contains the detailed analysis for each trade entry.
Attached File(s)
File Type: xls VFE_SignalTimesTrades.xls   34 KB | 571 downloads
  • #748
  • Apr 6, 2009 5:13am Apr 6, 2009 5:13am
Hi Robdee

EurUsd came up with an alert sell at 10.45am. There is a price marked at 1.35316 a few candles later. What is the definition of this price and just to confirm, I went short on the very first candle at 10.45am

Regards

Vimal
  • #749
  • Apr 6, 2009 9:42am Apr 6, 2009 9:42am
RD,,,Thanks for the timezone analysis!!,,,,Entered on second signal short around 9:35 gmt,,,plus 135 pips,,,,nice!
  • #750
  • Apr 6, 2009 10:19am Apr 6, 2009 10:19am
This is great analysis but definately worthwhile

Not sure if you have had a look but do you know whether Feb & Jan confirm these times for the best trading times or do you think March is relatively reflective of prior months?

Regards

Vimal
  • #751
  • Apr 6, 2009 10:51am Apr 6, 2009 10:51am
Hey everyone, I'm new to this forum, i just finished reading up on it and I am quite impressed. Also I'm happy to see people are making some serious pips off this system. I just have a question, I want to know what indicators I'm missing because my chart doesnt look like most of yours. Please if anyone could help me, i would greatly appreciate it. Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: whatsmissing.JPG Size: 109 KB
  • #752
  • Apr 6, 2009 11:13am Apr 6, 2009 11:13am
RD,,,Your spredsheet for March looks very impressive,,,Do those numbers reflect the 80/20 mm rule and what is your rule of thumb regarding increasing lot size to compound profits,,,Again,,, thanks for your time, effort and generosity!!
  • #753
  • Apr 6, 2009 11:34am Apr 6, 2009 11:34am
Quick question.. you might think i am being a bit silly. Is this an EA or is it a manual trading system. Can it be turned into an EA?
  • #754
  • Apr 6, 2009 11:55am Apr 6, 2009 11:55am
hi everyone..
wish it is a live acc..manage 145pips today....thank you so much for a great system...

robdee i've attach chart here,just wondering is it a correct chart for vforce signal only?and as u said before,in this version we just place a trade when the signal come up right?but i am confused whether to place a buy or sell coz it show only green candle not red and blue,can u explain to me please...

many thanks in advance robdee..
p/s:sorry for bad english
Attached Image (click to enlarge)
Click to Enlarge Name: vforce signal only.gif Size: 21 KB
  • #755
  • Apr 6, 2009 2:17pm Apr 6, 2009 2:17pm
Hi

I need bit clarification

AudioAlerts and vForceAlerts are two different systems?
Reading through the thread it jumps around and now i think we have audioalert, vforcealert and vforceedge systems right?
It appears audioalert gives most signals correct? So i could choose to just trade audiolert right?

Just trying to make sense of things thanks!!!
  • #756
  • Apr 6, 2009 2:49pm Apr 6, 2009 2:49pm
Hi Robdee, did you trade this according to the MM you set out in post 730? You mentioned that under certain ranging conditions you need smaller targets, do you ever adjust your strategy to cater for this? Or do you just trade it mechanically with the MM you set out?


Quoting robdee
vForceEdge 'Signal Times' is exactly same as post 730 baseline except now we enter trades only at certain times of the day.

The VFE MM rules stay the same, only the entry times are now filtered.
The best times to enter a new trade are:

  1. 6:00 - 8:45 gmt
  2. 14:00 - 14:45 gmt
  3. 19:00 - 23:45 gmt

I analysed all of the March trades to see which hours are the most profitable. My results are in this graph.

Attachment

This chart shows signals that occur inside and outside the best...

  • #757
  • Apr 6, 2009 3:05pm Apr 6, 2009 3:05pm
Quoting vnathwani
There is a price marked at 1.35316 a few candles later. What is the definition of this price and just to confirm, I went short on the very first candle at 10.45am
Vilmal good trading. I work with GMT times, looks like you are quoting GMT+2.

The 1.3531 price label on my chart below is a retrace price. In other words the signal has been confirmed and now price has retraced back to the MA6 line. As you can see VFE highlights the first retrace only. Price retraced a second time before continuing down with strength.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_6apr_candles.gif Size: 13 KB
  • #758
  • Apr 6, 2009 3:17pm Apr 6, 2009 3:17pm
Quoting vnathwani
Not sure if you have had a look but do you know whether Feb & Jan confirm these times for the best trading times or do you think March is relatively reflective of prior months?
There are three main issues with long term back-tests which I have not resolved. And believe me mega-hours have gone into this because it is an attractive concept.

1) accuracy/completeness of price database

2) irrelevance of previous market conditions

3) reliability of strategy tester

My approach therefore is to break it down into one month sections. Until I fully understand one month of price action it is pointless going further back where all the issues (above) start to impact. If I can go back through and visually check each trade then I am satisified that the results are meaningful.

My approach then has been to initially focus on March price action to see if there are any meaningful patterns there. In essence I am trying to imitate the big-dog algorithms which change like the weather. RD
  • #759
  • Apr 6, 2009 3:25pm Apr 6, 2009 3:25pm
Quoting ashur123
I just have a question, I want to know what indicators I'm missing because my chart doesnt look like most of yours. Please if anyone could help me, i would greatly appreciate it. Thanks!
Ashur, welcome to the Force.

Looking at your chart makes me think you have used an old template. Make sure you use a template that matches the indicator and version. If necessary delete the old templates and start again.

This applies to all charting issues, make sure you have the right template, and re-apply if necessary to refresh the indicator. There are buffer refresh issues in MT4 that I can only resolve on my own charts by re-applying the template whenever I see something that I think is not quite right. RD
  • #760
  • Apr 6, 2009 3:41pm Apr 6, 2009 3:41pm
Quoting piptalk
what is your rule of thumb regarding increasing lot size to compound profits?
Piptalk, lot size for all trades is calculated to ensure that risk percentage is kept the same. If the stop is wider then less lots are used. If the stop is narrower then more lots can be used.

I use 5% risk per trade. The value of 1 pip is $10 per standard lot.

First I work out what 5% of my account balance is in dollars.

riskdollars = AccountBalance X 5 / 100 (5 percent)

Second I use riskpips to work out how many lots I can trade

lots = riskdollars / riskpips / $10

For mini accounts the value of each pip is only $1 per mini-lot.
For 5-decimal pricing the riskpips needs to be converted to 4-decimal.

Best idea is to make your own spreadsheet where you know exactly what is going on. You input AccountBalance and RiskPips and it gives you Lots.
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