The Force 5min system

EU seems to be in a very narrow channel prior to and currently in.


not sure where it will go. so, i will just sit and watch as it makes up it's mind. then look for a signal.

any thoughts or comments entering into this session looking for signals?

T4L

NOTE: MACD and STOCH appear to be trending down slightly. that's their clue so far. but this tight channel is forming a strong spring to pop north or south.

Nothing to add here, definitely a nice uptrend on 5 min atm, but almost impossible to take a trade according to the basic rules without big risk since there is every 30 min new News. What to do? I think be picky and patient and enjoy watching.

tick

Nobody on the wheel on this Friday? was interesting and educational, wasn´t it.

Here I found a kinda answer for our Theme yesterday from FJ, ther will still follow another Quote

tick

After i read that, I think we all should rethink our current style of Trading otherwise we could run out of line and spirit of this system, and try to reanimate this Thread in a more professional way in honour of the founder(s), just my 2 cent opinion. Any thought´s?

tick

Howdy all.

I have been a force user now for close to a year, and can vouch for it as well.

I am looking forward to reading the posts and learning from all of you. I don't type well so the amount of posting I do wil be small.

One thing I have started doing is limiting the time I hold a position.

After the signal candle I call the next one or two my entry candle. ( I only enter withen two candles of the signal candle if it moves at least 1 pip beyond the signal candles close).

Then I need to be in the money withen 2 candles past my entry candle.
Then ten pips withen 4 candles. 20 pips 8 candles. If these don't happen I exit the position.

Of course I loose out on some moves but more often it prevents that 20 pip stop from being hit. Once I hit 20 pips profit I let her go. If I need to leave the computer I use the 15 min ATR as a trailing stop.

I still take profit as FJ laid out in the plan.

Looking forward to many hours of study with you all.

Rufus

By the way. I have run into platforms that use GMT close for figuring pivots. Others use the clasic New York close. I believe FJ used New York. This may explain some of the differences you are finding.

I use New York and it is flat remarkable how price moves arround these pivots.

Rufus

Hi Rufus,

Your Entry and Continuation Criterias are quite interesting, i guess you figured this out because of the Market Behavior atm.

I even gone that far and took profit at +5 +10+15+20 and let the rest run, for that i increased my trading size from 2 to 3 lots and took out 1 lot after 5 ticks, 0.5 lot@10, 0.5 lot@15, 0.5 lot@20 (that varies from trade to trade, depends how sure i´m feeling), unfortunately I kept the SL @ 20 but this way i minimized losses in case that SL got hit when the Trade didn´t reach 20, when turns around after+5, +12 or + 17 or whatever ticks, sometimes i moved to BE after 15 ticks or I exited manually but not too often.

What interests me on your way is how much do you personally let pass the price beyond the signal candle if price imediately goes in favor direction, do you pull the trigger right away, hesitate sometimes, or if it shoots up or down 5 ticks do you still take the trade? I think you understand what i wanna to ask you. Anyway I think this is a good way you´re doing that although many of the trades are already finished after four candles, positive or negative.

Good Luck to us all,

tick


Here I see the Prob. atm, there are many valid trades but

Excuse my former Post to Rufus, the last sentence under my signature don´t belongs there, this was a copy paste error i think.

GMT Platform:
As far as I can remember, all or the very most of the guys from the former chatroom had platform times in GMT inclusive RobDee, with Jedi´s platform I am not 100 % sure but I think he was the first one who said that he has it and so we all slowly changed our platforms to IBFX-Demo Server (and all on the same Server) for charting at least, some also had live accounts there and even in that case it was possible (very rare) that a demo had a signal candle and a live account not or vice versa. So i know rather sure that we all were charting on GMT but which time Jedis live platform was, i don´t know and it´s not important because the signals came through the IBFX Demo Server.

tick

hi guys

this is my first post on FF. i'm a professional programmer and since i'm very intereted in this trading system, i decided to create a fully set-and-forget-EA. enjoy!

but, before you test it on a live account be warned about the following:

it's a prototype: it's just buying, not selling!

if you find any strange behaviour of the programm or (hopefully no) errors, please let me know and i'll give an update immediately until we have a perfect pip machine!

greets,
h200085

Hello H,

don´t know what FJ would say to this EA if he were here, my question is, how shall that work (i,m no programmer) in regarding of diagnosing pivot´s and TL´s and stoch´s.
RobDee built us a nice Take Profit EA called Update Stops2, designed for manually entered Trades, maybe we can modify this one to have 5 instead 3 Take Profit possibilities and that we can move to BE after our selected TP to let´s say after the second TP or the third or the fourth and so on. I tried robdee`s EA and it working nice but i couldn´t recompile it because don´t know what i did wrong, and it gives me wrong settings in SL since an operation Error, maybe you could assist a little .
Your Effort here is very honorable but to be honest i think FJ would not agree with a set and forget EA but i don´t want to speak in his name and i am also not competent to speak in the name of the thread here.
I will try it on a Demo but why does it only buy and not sell? Furthe i would like to add that this system works very good manually when monitoring Market and Behavior and also eliminate potentially false Trades like Jedi does this, if you can Top this with an EA then i would not know what to say.

greetings,

tick

well, the EA rules are based on the rules from the PDF of the very first post FJ made. i didn't go through all the single posts so actually i don't know whether these rules are already out.

in order to avoid mistakes while programming, i decided just to concentrate on buying.. just to keep a better overview.

there's a tiny little problem with the EA: in backtest it's doing bad. but - according to the rules of the PDF - all the entries are justified. so i hoped you guys would help me refine a little bit, so that we all can benefit from it.

cheers

H,

i think in your last Post is already an answer why the EA will not work successful with this system. When there is a downtrend and the EA is just buying it takes only the weaker signals such as retracements, counterstikes, pullbacks, which are normally smaller till so small that there would not be a profit in it from the moment the System gives a signal, this we are filtering out manually through criterias like TL´s, PivotPoints and some guys also using additionaly Fibs, so when there is a downtrend the EA will fail to make money in my Opinion. When you now design it for buy and sell then you and you would be in a downtrend it would take the good sell Trades which Jedi would take but it would also take the bad sell Trades which hopefully no one would take, Plus it would take the bad buy Trades which cost really money and it would take the good buy Trades which are rare in a Downtrend. I don´t wanna try to make a calculation here, I am trying to make a picture visible, in my Opinion (and i am not a pro Trader) it will ruin the account more often then otherwise.
I just wanna add a few words in the sence of the Founder of this Thread Mr. Pro Trader and Mentor "Forexjedi" and many of his Followers, which you can read yourself over and over again in the Thread:
Leave the System as it is, it makes money that way and Focus the Thread to the System and don´t confuse new Traders here with things which are not belonging to the System.
Jedi wasn´t around a long time now, but I think he wouldn´t like to discuss this Theme here in the Thread his biggest please to us was, just leave things out of the Thread which are not belonging to the System.
I think we should respect that here in his Thread.
A half year ago when i was chatting with Jedi and all the other fine guys in the Live Chat you could talk with him very normal and ask questions, since he disappeared in know I was talking to a Holy One, the same with RobDee.

greetings, tick

First, this system is not to have an EA as per Jedi. Jedi is better at this than all of us, so I will rely ton what he says. That was what the Vforce thread was to be for, development of new ideas. If you go and look at threads they were great threads and then everyone tries to make changes here and there and then the system does not work any more. This is a time tested system that works.

Second: If you are only looking at what is printed on the first post you have not looked at the entire system. He only has the Beginner version that page. He added an advanced and expert system to this to help take more pips and from retracements, bounces off of the fibs & pivots. Please find the other two and review them.

Are we using a chat room? http://www.vforce.tk/

I know this one is still open. looking to work with some of you guys mid week during the London Open.

Does anyone here have a solid confidence in working this system? This question is not to disrespect anyone, just wondering who else has experience with this.

Hi Simple,

Thanks for the chat room link, i´ll try this one right tomorrow for london session and as far as i can plan my week (not so easy) i will be in london session the whole week and maybe a part of the US.

Yes I have great confidence in the System, i used it in the beginnig of this year when i just found it through the VForce Thread, i was not that succesful in the beginning of the year because of many private things that kept me away from trading and concentration and so i couldn´t stick to my plan, now it´s looking very much better with my time and i was demoing the last 4 days last week since i officially started my new trading period and what shall i say i´m up 15 % already, with a few mistakes but i am capable to learn the fine tuning.
Since I found the force5min System it was for me out of question to trade anything else till i am perfect in it. I mostly go with the basic rules, as Jedi once said in that sense: when you have the basic´s in blood you`ll see the advanced rules from a different angle.

I´m happy to see that here is going something forward again.

see ya,

tick

Good evening all!!

i took two trades so far, still in demo mode, and would like to share it with you.

the trade signal is marked with a blue line on the chart with an arrow for entry on the next candle.

Trade #1 - long but since it was a big canlde i waited for some pull back for an entry at. 1.4213. I entered becuase of the bounce off the trend line with room to go up for at least 10pips. I lost and exit at 1.4202.

Looking for comments on this trade being would you take this trade
or not and why? How would you have managed it for a better stop
loss (realistically that is)

Trade #2 - short since my long was wrong and signal to the simple runs occured. I entered short at 1.4200. I took this trade with caution since the trend lines were narrowing with price action to break out with the clues showing short. I exit 50% for 10pip gain at 1.4188. then exit 30% for 20pip gain at 1.4178. Finally, i exit lat 20% at 1.4175 only because i had to step away from the computer for 20minutes and didnt want to miss out on gains.

Chart - yellow lines are my S/R lines. - - - - Red lines are my zoomed out trend lines.


I welcome any and all comments on how i executed this trade being
good or poory.

i am and will be demoing this system for many weeks to not only learn to excel in applying this sytem to EU pair, but mainly to trust my self to consistanty execute the rules flawlessly without greed, hesitation, reckless, over trading, and etc that leads to failure.

Before, during and/or after when trading a session, i will post my trades with details and charts. Hopefully this will help others and my self to improve.

Kind Regards,
T4L

NOTE: my trades are not to be taken, i am only demo trading. Trade at your own risk.

I've seen Tick in the chat room wondering if we have anyone else here? If you are we would love to see in the chat room. http://www.vforce.tk/

it's been in a tight range of 15-20pips so no trades yet. i have been practicing patiance as wanted to enter into about a trade three different times, but didnt!!! waiting for high probability set up out side of the channel.

T4L

Hello.

Today I started to test this strategy. I know it's only one day but I already like this strategy. Looking forward to use this in live account.

Regards

that's all it takes to get started and hooked!

We are using a chat room http://www.vforce.tk/

T4L