"vForce" the revolution

RichBoy v0.0.5 EA Parameters

ProfitLossRatio = The SL is determined by the vForceAlert rule, so it is automatic. If this is 60pips, for example, the TP will be 60Pips * ProfitLossRatio
RiskPercent = If the SL is 60pips and I set Risk=2, the lot size will be set in accordance with this

QuoteToCloseAfterNPips = the original rule is that after 20 pips we should close 80% of lot size. Here you can set how much to close. If set to 0 the rule is not used.
FirstTPAfterNPips = default 20 pips for taking the 80% TP. If set to 0 the rule is not used. (I prefer using the first 2 parameters and don't this two, but I introduced this so that you can follow the original rule.

UseTrailingStop = true ... no need to explain..
TrailingStopPips = 50 (original rule default)

ConfirmPips = 10 (original rule default)
CandleToWaitForSignale = 4 (The buy or sell stop order expired if not confirmed in this time 4=1 hour)

BreakEvenStopWhenPossible = false; If set = true, then in accordance with the next 2 setting, a SL=Break Even will be placed as soon as possible
BreakEvenStopPips = 10; The distance from OpenPrice and LOW(for BUY) or HIGH(for SELL) value of the N previous candle must be greater to send a Break Even SL
NOfCandleBeforePlacingBEStop = Number of consecutive candle to use for previous setting

UseTimeControl = enable or not the time control
StartTradingHour and EndTradingHour no need to explain....

Alert section no need to explain...

Sorry for my English... I'm working on it...

Following yours suggestion I'm going to develop an EA for the vForceEdge following the rules of post #730....

Hello Richboy
Sorry for my bad English. I would like your EA to deploy EURJPY
How to fight it Possible? I think the system works better in the moment on EURJPY.
Thank you for super EA.
Greeting
Aleks

Great richboy, however, friendly reminder,

VFE entry, currently have 2 methods:

1st method: take the signal immediately as it comes.

2nd method: after the signal's confirmed, a 'retrace' price may come up. This is when the price comes back to the middle line (6MA). Retrace price is the orange color price. Altough yields fewer signal, but it is more reliable with reward risk ratio of 2:1.

Robdee has informed that he prefers the 1st method with a good result. But he mentions that both entries are valid and urges us to try both entry strategy.

The drawbacks of the first methods:
- wide S/L
- time in trades (in the market) few hours to few days

The advantages:
- More pips

The drawbacks of the first method is diminished using 2nd method.

2nd method drawbacks:
- fewer signals
- limited pips (compare to first method)

The advantages:
- short and quick

So far, entry on Retrace offers TP: 30 and SL: -15 until further proven.
But success rate and reliability of this edge is what's important.
So richboy, when u develop EA for VFE, dont forget the 'retrace price' entry...

Grazie

Todays the ea is working fine....
This is encouraging.... meanwhile I'm writing the first version of the Edge EA... Not to bad being a programmer for job.... :-)

Returning to the idea proposed by Robdee and tested by other users.

I got old version of VFE (which was said worked fine on different pairs) with Signals Only Trading template.

An idea is to work on multiple pairs in case when not every pair can react (i mean give 'buy' or 'sel' signal on the template) on strong market movement.
For example, yesterday EURUSD neglected big upward jump around 14.00 GMT but GBPUSD did singnaled the raise.

Another option is to have pairs with one same currency. In this case (see the attached picture), if both pairs have the same buy or sell signal it can be a strong argument to enter the market.

Pardon for my English, as i am not an aborigene :-)

We had a nice little breakout on the eur/usd and eur/jpy,,,,,vfa caught both,,,maybe well get a little more follow through,,,,,

Maybe I did something wrong, but but your the latest EA isn't making any trades. I am using default settings like the others, but I've seen it pass up 2 trades. I'm using it on the ***/jpy currency and using FXDD broker. Any suggestions? until then I'm going back to the older version. Thanks in advance for any help.

So far only one trade was initiated this week on the VFESignalsOnly system. Any one else still following that system?

I have been using the IBFX platform,,,,Currently running just V Force Alerts and getting the breakout signals,,,,Maybe open a demo at IBFX and you should be good to go,,,,,

I had limited the trading to EURUSD because I haven't yet tested the ea on other pair....
If you need this I'll remove the limitation.

Today the EA works well for me. Anyone else win?
Thanks for feedback.

Hi Richboy...I had a 40+ pip take on the eur/jpy,,,,,And still in the eur/usd +18 pips,,,,But holding for now,,,,Thanks,,,,Your efforts are appreaciated!!!

Hi Richoy,,,Where is the link to the revised and updated ea? thx!

I fixed some stuff and I uploaded the new version 0.0.6
Try it on your demo account.
Default settings respect the vForceAlert rules, but I obtained better result with this parameters:

ProfitLossRatio = 2.5; //This sets the TP based on the SL (i.e. SL = 10, TP=25)
FirstTPAfterNPips = 0; //disable the rule 80% TP after 20 Pips
TrailingStopPips = 90;
BreakEvenStopWhenPossible = true;

The link to download the EA is:
http://www.massimogreco.it/public/RichBoy1972vForce.zip

The other EA for the vForceEdge is in progress. I hope to release the first version tomorrow....

OK,,,,,, Thanks so much!!!

Hi Richboy,,,I just had a trade with the eur/jpy,,,,Went plus 20 pips but the TP took out the whole position,,,instead of leaving 20% with the trailing stop,,,Just wanted to give you the update on the mechanics of this trade,,,Let me if I can adjust something on my end,,,,,,,thx!!,,,

Same here Ashur, was wondering as well. It comes with the filtering I suppose. The breaks are stronger this week, that the gas pedal is left lonely

Today I'll verify the code. Thanks for the feedback.
PS With eur/jpy is it correct the lotsize calculated? (I don't test yet with the pairs with less digits...)

Thanks.

Recent price action in relation to VFE signals...



Nihao traders, I see some talk about a SignalsOnly template? I never made a template for that purpose but anyway I have made two signals only templates below for everyone. What I have done is turned off all the confirmation and retrace options in vForceEdge V20090402, these settings are saved in the template below.

Note: for 5-decimal pricing will need to go into the MA6 properties and make the tunnel wider, change from (30 -30) to (300 -300).