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"vForce" the revolution

  • #941
  • Apr 21, 2009 5:27am Apr 21, 2009 5:27am
Quoting e-piphany
I think I've figured out that it needs to be run on a 5 decimal broker such as alpari. If it is on a standard 3 digit one, trades will be less frequent. (I think)
The ea use vforce signal to set a buy or sell stop. If you see the signal you should see the ea performing an order. The order, then, has an expiration time of 1 hour.

If you look at the ea properties you should read version 0.0.4.
Today I attached the ea and at 11.00 it opened a position (now here is 12.24). He is losing but trading ....
I'll send a bottle of wine to my first voucherer ;-)
  • #942
  • Apr 21, 2009 5:46am Apr 21, 2009 5:46am
Quoting richboy1972
The ea use vforce signal to set a buy or sell stop. If you see the signal you should see the ea performing an order. The order, then, has an expiration time of 1 hour.

If you look at the ea properties you should read version 0.0.4.
Today I attached the ea and at 11.00 it opened a position (now here is 12.24). He is losing but trading ....
3rd day of testing Richboy ea,
6 trades opened
-120pips
No single positive trade yet, All trades where in(-)
some times the EA seem to take the opposite direction from of the vforce signal.
Rich boy whats up?
Add value everyday in Pips
  • #943
  • Apr 21, 2009 7:05am Apr 21, 2009 7:05am
Quoting Pip-Stud
3rd day of testing Richboy ea,
6 trades opened
-120pips
No single positive trade yet, All trades where in(-)
some times the EA seem to take the opposite direction from of the vforce signal.
Rich boy whats up?
On my PC the EA trades according to the vForceSignal. But this is not enough to win. I have to introduce a system to exit early if the ea isn't profitable.
I hope we all win soon, but for now don't use it on real account.

It sounds strange to me that you said that the ea takes the opposite direction... this doesn't happen on my trading...
Thanks for testing.
I'll send a bottle of wine to my first voucherer ;-)
  • #944
  • Apr 21, 2009 7:37am Apr 21, 2009 7:37am
Quoting richboy1972
The ea use vforce signal to set a buy or sell stop. If you see the signal you should see the ea performing an order. The order, then, has an expiration time of 1 hour.

If you look at the ea properties you should read version 0.0.4.
Today I attached the ea and at 11.00 it opened a position (now here is 12.24). He is losing but trading ....
OK, I have now watched many a vforce signals, but the EA did not follow up with a buy or a sell. Any ideas? As said by e-piphany, do we have to use a 5 digit broker or can a 4 digit broker be used also? Please let me know where to go from here, or what to look for.
Thanks
PipBear
  • #945
  • Apr 21, 2009 8:16am Apr 21, 2009 8:16am
Quoting PipBear
OK, I have now watched many a vforce signals, but the EA did not follow up with a buy or a sell. Any ideas? As said by e-piphany, do we have to use a 5 digit broker or can a 4 digit broker be used also? Please let me know where to go from here, or what to look for.
Thanks
PipBear
I'm using the ea on alpari demo, 5 digits. And the ea opens positions according to the vForceSignal, so it sound strange than on other platform opens in opposite direction. Piptalk said that is testing it on two different PC, one with 4 digits and one with 5 digits without issue so far.

Today I run the ea and a position was open.... see attachment. Pips lost. What missing is a good exit strategy....
Attached Image
I'll send a bottle of wine to my first voucherer ;-)
  • #946
  • Apr 21, 2009 9:20am Apr 21, 2009 9:20am
The trick to making a successful trading system is for it to be able to recognize rangeing and choppy markets,There in lies the challange!!,,,,Any system will work well in a trending market,,,,Maybe more conservative MM rules woulld help the case,,,Originally RD had a 20pip TP,,,,on the first 80% of the position,,,Then let the balance run with the trend with a 50 pip trailing stop,,,,,Just a thought..............The other option is to let the ea pick the open of the trade,,,,,Then manually manage them according to risk profile of the trader,,,,,,,Maybe an EA for the V Force Edge? Only taking the retracement trades,,,,
  • #947
  • Apr 21, 2009 3:25pm Apr 21, 2009 3:25pm
Quoting piptalk
The trick to making a successful trading system is for it to be able to recognize rangeing and choppy markets,There in lies the challange!!,,,,Any system will work well in a trending market,,,,Maybe more conservative MM rules woulld help the case,,,Originally RD had a 20pip TP,,,,on the first 80% of the position,,,Then let the balance run with the trend with a 50 pip trailing stop,,,,,Just a thought..............The other option is to let the ea pick the open of the trade,,,,,Then manually manage them according to risk profile of the trader,,,,,,,Maybe...
Yeah, I would like to see how it runs with the original forex jedi rules. Also, I've noticed in my testing that the expiration is not working properly in forward testing....
  • #948
  • Apr 21, 2009 3:44pm Apr 21, 2009 3:44pm
Quoting e-piphany
Yeah, I would like to see how it runs with the original forex jedi rules. Also, I've noticed in my testing that the expiration is not working properly in forward testing....
The expiration is set 1 hour later (4 candles). Isn't right?
I'll send a bottle of wine to my first voucherer ;-)
  • #949
  • Apr 21, 2009 3:50pm Apr 21, 2009 3:50pm
Yes,,,The buy/sell stop expires after the 4th 15 min candle,,,
  • #950
  • Edited 6:54pm Apr 21, 2009 4:34pm | Edited 6:54pm
This night I'll introduce the rule TP 80% after 20pips so my ea follows strinctly the vForce rules.....

Online version 0.0.5 (again only for demo account ..)

Now the default behavior is TP after 20pips closing 80% of the order (this parameters are customizable.....)
My backtest are not good as the previous version, but so the ea follow the vforcealerts rules.....
I'll send a bottle of wine to my first voucherer ;-)
  • #951
  • Apr 21, 2009 8:38pm Apr 21, 2009 8:38pm
Quoting richboy1972
This night I'll introduce the rule TP 80% after 20pips so my ea follows strinctly the vForce rules.....

Online version 0.0.5 (again only for demo account ..)

Now the default behavior is TP after 20pips closing 80% of the order (this parameters are customizable.....)
My backtest are not good as the previous version, but so the ea follow the vforcealerts rules.....
Some more options with SL would be cool too if you have time... I hate having massive stop losses and small TP's. I'm a big risk to reward man.

Sorry, order expiration is working. That was my error.
  • #952
  • Apr 21, 2009 8:38pm Apr 21, 2009 8:38pm
Any way to get a visual and audio alert when a retrace signal appears? On the VFE.
  • #953
  • Apr 21, 2009 9:04pm Apr 21, 2009 9:04pm
I know VFA was designed for the eur/usd,,,But I have been playing around with the eur/jpy with decent results,,,,A little more PA with the eur/jpy!,,,I tried to backtest but it wont calculate,,,Richboy,,, maybe you can get it to back test.......Thanks!!
  • #954
  • Apr 21, 2009 9:29pm Apr 21, 2009 9:29pm
Quoting besiege31
Any way to get a visual and audio alert when a retrace signal appears? On the VFE.

Yes, entry on Retrace is an excellent way to boost Reward Risk Ratio if this can be done.

For instance, I've been monitoring if we can put 2:1 Ratio MM
(TP: 30 pips/ SL: -15) on Retrace entry.
  • #955
  • Apr 21, 2009 10:54pm Apr 21, 2009 10:54pm
Quoting paracletos
Yes, entry on Retrace is an excellent way to boost Reward Risk Ratio if this can be done.

For instance, I've been monitoring if we can put 2:1 Ratio MM
(TP: 30 pips/ SL: -15) on Retrace entry.
I've been doing the same, but I have trouble constantly watching. an audio and visual would help.
  • #956
  • Apr 22, 2009 1:53am Apr 22, 2009 1:53am
Hi all,
this night I coded the option to follow the rule 80%TP after 20 pips.
But now I'm doing some consideration.
When we open a position and we set a SL at N stop pips, we are saying that we can lose N pips for a reward of M pips. For a MM correct, on the long term, I think we have to set M > N, so that even if we lose a number of trade greater than the number we win, we still have a profit/loss balance positive. (I'm impressed by my baaaaaad english.... sorry).
So I'm asking to forexjedy if I can open a new thread were I develop the EA with my own strategy using the vForceAlerts signal that I think is great.

Thanks.

PS For now my only strategy is that the TP Pips MUST be greater than the SL Pips. I accept every suggestion for any implementation related to the exit strategy.... I'm thinking about introducing a patter recognition engine for a better exit.... but we could consider even the use of other indicators..
I'll send a bottle of wine to my first voucherer ;-)
  • #957
  • Apr 22, 2009 2:29am Apr 22, 2009 2:29am
Quoting richboy1972
Hi all,
PS For now my only strategy is that the TP Pips MUST be greater than the SL Pips. I accept every suggestion for any implementation related to the exit strategy.... I'm thinking about introducing a patter recognition engine for a better exit.... but we could consider even the use of other indicators..

Hi Richboy, thanks for using ur talents for the benefit of the greater..
As pointed out by several previously, the idea is to implement alerts on Robdee's VFE when retrace price (orange color) appears. Of course we'll need to test it, but so far, it has given us 2:1 Reward to Risk Ratio. Which is what u are aiming to, I suppose.

The trick maybe, the orange color (retrace price) doesnt appear real time? I maybe mistaken. Anyone have thoughts on creating alert on VFE Retrace Price?
  • #958
  • Apr 22, 2009 2:31am Apr 22, 2009 2:31am
[quote=paracletos;2686408]Hi Richboy, thanks for using ur talents for the benefit of the greater..
As pointed out by several previously, the idea is to implement alerts on Robdee's VFE when retrace price (orange color) appears. Of course we'll need to test it, but so far, it has given us 2:1 Reward to Risk Ratio.

Richboy, from previous trades, I've identified SL : -15 with TP: 30 on VFE Retrace Price.
  • #959
  • Apr 22, 2009 2:49am Apr 22, 2009 2:49am
Hi Richboy,

can u send me a copy of your EA?

thanks

ciao ciao
FxManiac
  • #960
  • Apr 22, 2009 3:34am Apr 22, 2009 3:34am
Hello Richboy and everybody!

Could you please explain the EA parameters?

Thank you very much...
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