"vForce" the revolution

I am Chinese.My English very bad.Sorry
I only want say
Thank you very much~!forexjedi


Ii's a Best trading system~!
Easy,Clean,More Win Signal

Ii's take me many Money
Very THANK YOU!

Thank you very much for the answers richboy.
Have a nice trading day.

Regards,
Chea Wei.

Basically vforce designed by forexjedi is for 15 mins one. And i have try richboy ea nowadays and these 2 days i get 100 percent winning trade. Although im just testing and using 0.01 lot but this amaze me. Normally i dun trust backtest and feel that it will mislead every profitable EA. From my experience im just suggesting u to try on forwardtesting maybe u can trade 0.01 in live account and at least u can get the feeling on the real market with this ea and also win some penny pip.

Ouch Ouch double Uoch todays buy @ 1.4161 wiped out a weeks gains and it could have been avoided if I had keeped an eye on the screen or adjusted the TP but thats is what a EA's for is'nt it?

If the EA has bought at 1.4161, then you are using 15m timeframe.
As I said, for me the 15min tf is to volatile. If you had used the 1hr tf, my favourite one, you would have gained since yesterday.. look at the attached chart.

Thanks.

PS Obviously I'm sorry for your trading day....

Hi all.
First of all I want to thank RobDee and ForexJedi for the great indicator they had developed. Simply (to use), amazing, clear and profitable.
Then I want to thank for their hospitality in this thread.
And then I thanks you all for the great feedbacks you gave me.
But now is time to move over to a new thread where I'll post my ea and others stuff.

Well, thanks again and here the link:

http://www.forexfactory.com/showthread.php?t=171903

Bye!

PS Next version of RichBoy1972vForce will posted in the new thread...

Forexjedi, RobDee, & RichBoy1972,

You seem like a nice guy who's heart is in the right place and wish only to help people in the same boat as you.

I looked at your system with anticipation of seeing something different being posted on FF and am sad to say it's the same old thing. People who haven't learned to trade with consistent profits turn to automatic systems thinking it will cure all there mistakes.

There are so many mistakes on this system that it's hard to know where to start. I will try to be as gentle as possible but understand that even though you say you've been in the Forex for seven years you still have a long road ahead of you before being able to both trade and write EA's. Who am I to say you may ask yourself. I am a person just like you who has traveled the same road but I probably have a different background. I'm very strong in math and analyzing statistical data as my career depended on it. Enough of me, let's see if I can start you down the road to writing a better EA.

1. A chart is a means of depicting price action of a currency pair whether the pair be EURUSD, GBPAUD or any other pair. It should not make any difference whatsoever and if your system only works on one pair and fails on every other then your analysis of this system is very flawed and it will turn on the user like a snake. To be very blunt I don't see it working on any pair. One could make a simple 2-EMA, SMA-5 cross and get better results. Doing a backtest on this system is useless as you can see it plainly on the chart below.

2. The chart below shows your Buys (Blue Candle) and your Sell Short(Red Candles) along with my own added indicators. The charts shows a green linear regression channel that shows the trend in an uptrend which your trades choose to ignore completely and the same in the red LRC on Chart #2. You cannot ignore trend in trading, period.

3. The vertical lines are some buys(green) and sells(red) that my indicators are suggesting although I have not put all my indicators on the chart as it gets a little busy. You see the buys and sells occuring quite a few times on the channel top and bottoms and at other times are almost to the channel.

How do I know to sell before the channel and before the price reverses? That's easy as I also have open the M1, M5 and the H1 and if any they hit a channel it's time to sell no matter what the M15 is showing. You will also see on chart #2 a buy on the bottom channel and a sell just above the mid-line of the channel. The prudent move because the buy long was against the trend is to sell once it crosses the channel midline but in this case the indicators said hang on a bit longer.

4. In the last paragraph of #3 my system was selling and your indicator was buying and did not sell until a big loss occurred.

5. On #2 I see a sell short in the middle of the channel on a long down trend and althouh I see a prior sell short towards the top it is way too late as the big move already happened. Why is this occurring? It show's you are using an indicator that is using historical data instead of finding the indicator's top. This will always result in a trade done one or two bars too late costing you profits and sometimes creating a big loss if it then reverses.

6. On #1 chart you will see a yellow vertical line closing the trade at the end of the week. I see nothing on yours. Anything can happen over the weekend. Trade smart and survive. This is not a gambling casino.

SUMMATION

This system is only an attempt at an EA. Any money that is made is purely chance as a blind squirrel finds an acorn sometimes. I'm trying hard not to offend anybody here but there are lots of newbies ready to throw their hardearned money at anything and somebody that knows has to tell the them the holy grail this is not.

SUGGESTIONS

Go back and backtest with just one of the indicators such as the bollinger band. Don't bother looking at the money and concentrate on the times it hit close to the pivot points. If none were hit then adjust the parameters until it does. If they buy or sell too late or too early then change the code ar add a loop in the code. Backtest a number of currency pairs. Adjust and recode again until you see positive results and I don't mean look at the money.

Now do the same thing with a second indicator. When you get positive results and hits on or before the pivots then combine indicators into one stategy.

Now you can look at the results, but still the money is not the key here yet. Don't let a large net dollar amount blind you to the fact that you've just begun to make this a holy grail, as you have a ways to go yet but it is doable. If you don't know how to program I suggest going to TS or some other broker who has an easy language system. You can alway convert it to meta4 later.

The most important thing to look at is the drawdowns and the losing trades. Realize as you add some additional indicators some of the drawdowns and losing trades will go away. If you have problems with a buy and then a sell short, change to just buy and sells until you see better results. A good system will have buy longs, buy to cover, sell, and sell short. You will know when to add these.

Last but not least you must learn how to use and read trends and why the M15 is heading down with the H1 going up. You also must learn what trend is dominating over another. Once you learn for example why the 15M is reversing because the M1 has hit it's upper resistance and it's indicators are topping out and thus have nowhere else to go but down. Adding a trend indicator will push the results to levels you only dreamed about. The last one I wrote, which has been long while, went up 5,700% with the trend addition. After you learn these things and you know how to trade like a professional your thoughts of producing an EA will go in the garbage as your too busy counting your money to care anymore.

I hope I've opened your eyes but if this goes on deaf ears it won't be the first time and will probably not be the last.

Trade well and prosper and never stop learning,

TradeMaster1

LMAO What the hell was that?

Great indicators you worked out thanks and Regards

Hi Richboy!!

I am trying to install your latest system update and I should like to know how.My level in programs is 0.Could say me where and how to install in the platform Interbank? I have also tried to change the parameters but always i've the default parameters and I don't know made it.As should be able to do to get the parameters and these remain? Thanks and best regards!

ps.Sorry with my english!!

[quote=richboy1972;2766297]If the EA has bought at 1.4161, then you are using 15m timeframe.
As I said, for me the 15min tf is to volatile. If you had used the 1hr tf, my favourite one, you would have gained since yesterday.. look at the attached chart.

Thanks.







Hello Richboy,

I'm totaly new with the topic, can you plz attach the latest version of the systems indicator and if it is possible a pdf or something about the system?


Thank you.

PS I have tried the version 0.5.1 but it doesnt appear on my chart at all! I have tested it on UnionFX, Alpari and FIBO mt4s.

Summation

Nothing is more annoying than criticism for the sake of criticism (especially when one thinks they are being clever at the same time. I just love quirky people, don't you?).

Okay big guy, show us what you've got. Prove that your opinion should be considered of any value... or is it just more "peanut gallery" ramblings. I've noticed that most of your commentary on this forum is of this nature.

I have yet to see anything constructive emanate from your oracle-like presence. But don't let that stop you. Please, continue to show us the wisdom of your ways.

Thanks.

I probably shouldn't have posted this because I think this is exactly the response you are trolling for but I couldn't help myself.

johnthom,

You evidently didn't look at the charts or read all of my post. If you see the charts as an analysis gone wrong and you have a better analysis to "show and tell" then do it. Please bring it on as I would love to see it. But the first thing I saw when opening a EURUSD-M15 chart was the price was at the end of a long uptrend. I put on a Bollinger Band indicator set at 24 and the price candle was already above it. I printed off the instructions and couldn't believe what I was reading.

I quote from the instructions "When a blue candle appears place a pending order" NOTE THAT A GREEN IS THE CANDLE THAT YOUR TRADE HAS BEEN INITIATED."

There is absolutely no excuse for this bad trade. No explanation can ever excuse this ludicrous trade. Period.

Look for yourself and see the chart below. The top yellow is where the "BUY LONG" occurred and the bottom yellow is the low to date. The distance is the drawdown to date. The Red line is the stop as instucted. I don't care if this trade ends up making money as that is not the point. It's just a horrible entry point and the facts are in front of you. You call this a good system? I hope you have lots of money. Your going to need it. If I couldn't design a better system than this I'd quit. BUT I CAN AND I HAVE.

Johnny

Why don't share your system with us?

[quote=Mini Trader;2767694]


Hello everyone,

Is there anyone to help me plz?

Dear Johnny,

Let's just remain professional, shall we?

This is a thread dedicated to an EA.
No, not the Holy Grail.
An EA.

I'm sure you are a great trader and have considerable knowledge in Forex. I'm sure you have more knowledge in Forex than me, for instance.
But this is not the point.
Unless you have a constructive and positive approach you'd better not commenting at all at the flaws of the system.
If you have a problem you can ask for help. However, if you just jump in and throw random destructive ideas at the developers it means you are a pr*ck. Period.

It's very easy to point out flaws in a system which is NOT PERFECT. Get on, live with it. If you are so great, I'm sure you have other top-performing EAs at your disposal and you don't need this one.
I, for one, actually made money with it.

Really, just consider that it's hard work of a bunch of people who instead of keeping it to themselves shared it with everybody, so you better think twice before criticising it in such a manner.

Regards
hsa

[quote=Mini Trader;2769314] click the paperclip in the top rt of forum page to get any files posted on this forum.
Installation instructructions are available at your metatrader (BASIC) help.
Why dont u guys do your homework? Have you even read the thread?

new to the thread, i believe i got the latest version... should i download the newest templates as well? the template i have now, it looks like there hasn't been a valid trade for days... thanks...

gilly

Thats fact

Hi all,

I have enjoyed sitting in the backround for the past little while watching everyone help each other out to become better FX traders and working together as this type of behaviour models what I believe in. When I saw this post I wasnt going to comment but after much thought I decided to jump on here and make a few comments.

First off Johnny no offense has been taken. I can tell you that I didnt just make this "method" up in five minutes and post it here. The signals generated by the indicator are not a mindless entry method. As stated at the beginning og the thread the purpose here is for a staged learning experience. The first phase was to get traders used to the indicator itself. The second stage which is the "advaced" portion of the system includes trend lines, pivots and fibs. Did you see this portion of the thread?

Being that most traders here are new to FX, or have been in the market for some time with no success this is the way ive tried to release the system as to not create an information overload. Like ive mentioned previously not every signal should be taken. When I look at your charts its clear and confirms that one needs to apply the advanced rules to maximise their profits.

To sum things up you seem to understand like I and others do that trading FX requires some skill, effort and the proper type of experience. Lastly I do think its a bit rude to come on this thread and tell me that I have a long road ahead of me. I have travelled the road and have made it to the end in one piece. I would be very pleased if you would start a thread here on FF showing your method or system and become a leader to help others if your knowledge is so vast. Im sure many people would be happy to learn some of the things you know about the FX market. Failure to do this would only mean to me that your just another trader that has stopped by my thread to "talk" and not put your money where you mouth is. If you decided to help others learn then I salute you.

FJ