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The Force 5min system

  • #2,741
  • Oct 22, 2009 7:04pm Oct 22, 2009 7:04pm
Let me know if this is it. I have a lot of them and have forgotten which is which.

As for the RSI. I just stuck that there recently to watch how it might fit in. Tell you the truth was going to experiment with pasting a chart that was pure "Force 5" rules I grabed the wrong one.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,742
  • Oct 24, 2009 1:50am Oct 24, 2009 1:50am
Quoting Rufus
Hi Tom
So now I break up my entry into 3 parts. If I have $30 I can risk(1% of account) usually what I will do is .8, .35, .35. When the initial 10 pips is hit I move my stoploss up 10 pips. Now if it retraces on me I am still out with a little profit. More importantly no loss.
Rufus
Hi Rufus,

I tried to figure out what you mean by the above. Your numbers 0.8-0.35-0.35 make a total of 1.5. Are you scaling into your position?
  • #2,743
  • Oct 24, 2009 2:12am Oct 24, 2009 2:12am
Could someone please post Fridays chart, so I can compare it and all the indicators with my own?

I am a Mac user, and still not sure yet if I would like to run Windows using BootCamp or Parallels to join MT4 platform. To my knowledge there is only one Platform for Mac available and this is thinkorswim.

I canīt build the coloured MACD using 12-26-1, since it wonīt show anything when I try the "1" setting. I played around and the "770" comes very close.

Thanks
Tom
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  • #2,744
  • Oct 25, 2009 5:45am Oct 25, 2009 5:45am
I like this system very much.
Is there any possibility to add some arrows when all criteria are matched for a signal. It could help very much!
Thanx in advance!
  • #2,745
  • Oct 26, 2009 7:47am Oct 26, 2009 7:47am
Quoting webmail4tom
Hi Rufus,

I tried to figure out what you mean by the above. Your numbers 0.8-0.35-0.35 make a total of 1.5. Are you scaling into your position?

I enter with three parts at the same time. My next step is to place profit targets and stops for each. The advantage of this for me is that there is no fudging for a few extrs pips. When 10 is reached BAM my first part is off. The disadvantage I have run into is if I have a Fast moving situation at times I will not be able to get part of it in before the move is to large. In this case I manualy peal off postions as targets are reached.

Hope this helps'
Sorry it took so long to reply. I was out of town

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,746
  • Oct 29, 2009 4:47pm Oct 29, 2009 4:47pm
Today would have been a great day for the Force 5. Sadly enough I was unable to participate in it. I felt I would have been to distracted. I am trying to get the last few things figured out for business and pack. I will be gone for a week. One week with no charts or internet. I believe I will be missing them come Monday morning.

One of my rules I have implemented concerns trading around "00" and pivots. I had always struggled with what is to close for comfort. Of course most all positions are with the trend, but if my entry signal is within 20 pips of "00" or a pivot I hold off. See what the market is going to do, then if it goes through wait for a pull back or new signal.

I need 10 pips to pay for my position, so if it reverses off the pivot, everything is covered.

I will be out of here this time tomorrow, so happy pipin.


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,747
  • Oct 30, 2009 5:34am Oct 30, 2009 5:34am
Quoting Rufus
I enter with three parts at the same time. My next step is to place profit targets and stops for each. Rufus
Okay thanks now I understand. I can imagine that when the markets start moving fast you have much to take care off ;-)
  • #2,748
  • Oct 30, 2009 5:43am Oct 30, 2009 5:43am
Quoting Rufus
Today would have been a great day for the Force 5. Rufus
Would you mind sharing a chart and we can compare what "Force" entries you would have taken?

I have a good one at 08:00
The one around 13:30 is tricky because of the black candle 10mins before but after then ...
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  • #2,749
  • Oct 30, 2009 11:12am Oct 30, 2009 11:12am
I entered on the 17:15 bar with 1 lot at 1.4787. Closed out half at 1.4777 then I closed 3 mini lots at 1.4767. I closed out my trade at 18:55 for the price of 1.4735. Nice little ride for the morning. I like the current couple bull bars, I hope this is a nice pull back to get into another short. Looking for this up swing to push really close to the downward trend line I drew.

Also, as a point of S/R, the 18:50 bar was almost a perfect bottom with the 29th.

Hope all of a great weekend!
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A woman drove me to drink, and I forgot to thank her
  • #2,750
  • Oct 30, 2009 11:45am Oct 30, 2009 11:45am
I did not take this trade by strict Force 5 rules. At the end of the 19:10 bar I noticed the pin bars, the stochs crossing back under 80, and the crossing of the moving averages. I placed the trade at the open of the 19:15 bar. At closed 50% at +10, 30% at +20, and then closed it out when the 19:35 bar crossed back across the M_M3 line. I also noticed that it was forming a 1 2 3 pattern and was not able to break the 1 point again, from what I have seen this signals it should reverse. If anyone knows more about this pattern and can correct me I would love to hear more about it.

Anyways, that was my trade.

Anyone else have some trades from this system?
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A woman drove me to drink, and I forgot to thank her
  • #2,751
  • Nov 2, 2009 10:26am Nov 2, 2009 10:26am
The force was able to get me a great trade today and by following all the rules, it managed to keep me out of losses. Several times today I thought I had a great set up until the last couple of seconds of the indicator bar. In that time frame something changed, stochs, MACD, MA crosses, bull/bear bar, candle stick formation. So I stayed out of the trade and waited and avoided losses. One year ago, I would have taken the trade, discipline is the key like all other systems. I did make a change to the system for the last trade, I didn't use my normal MM, The price was going up very rapidly and I just stayed in it. The moment it slowed down I sold out half for a profit.

Hope others got it too!

Good luck and happy pips!!

got in after the 9:40 bar closed after the 10:35~!
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A woman drove me to drink, and I forgot to thank her
  • #2,752
  • Nov 3, 2009 9:12pm Nov 3, 2009 9:12pm
Hi,
I'm a newcomer to the ForEx and trying to climb the quite formidable mountain of the learning curve for it. I've only stumbled over a few large rocks on the flatlands leading to the foothills so far (< 8)
I see that a number of the trading strategies have multiple EAs in them.
To the best on my limited experience it is only possible to have one Ea on one chart at a time?
In these situations if there are 4 EAs in the trading system, am I supposed to open 4 charts of the same currency pair and time frame and load an EA into each of them or ???
.
Thanks to any and all for any assistance that you are able to give me.
.

(8 >) . Prosperous Trading . (< 8)

  • #2,753
  • Nov 4, 2009 6:38am Nov 4, 2009 6:38am
Doug,

to the best of my knowledge that is correct. I would make the suggestion that you learn the system before you even consider doing an EA on it. Even if you use several EAs you must be constantly monitor the chart to make sure everything the EA is doing is correct.

I can tell you all I'm trading live is this system combined with some other charting patterns to help increase success.

Wish you luck and happy pips!

Quoting DougRH4x
Hi,
I'm a newcomer to the ForEx and trying to climb the quite formidable mountain of the learning curve for it. I've only stumbled over a few large rocks on the flatlands leading to the foothills so far (< 8)
I see that a number of the trading strategies have multiple EAs in them.
[color=black][font=Verdana]To the best on my limited experience it is only possible to have one Ea on...
A woman drove me to drink, and I forgot to thank her
  • #2,754
  • Nov 4, 2009 2:39pm Nov 4, 2009 2:39pm
@simpleguy

I will try to post charts and trades from the beginning of next week. It really helps to see how other traders get along with the Force!

I hope we can push this thread to more activity so people who missed the hot times can still learn and improve!

Thanks for posting charts and thoughts!
  • #2,755
  • Nov 5, 2009 9:20am Nov 5, 2009 9:20am
Hi All

I am finally back and enjoying the charts. Over a week with no internet and I survived. I figured mith this being NFP week I wouldn't miss much. This week every month makes me a little jumpy with the sudden moves with at times no apparent reason.

So I took the time to work more detail into my "Business Plan" for the Forex market.

Hope all collected a lot of pips.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,756
  • Nov 5, 2009 2:33pm Nov 5, 2009 2:33pm
Hi all, well I'm joining this thread and reading through it. I already traded it using the simulator and it seems promising. Can't wait to see where this takes me.
  • #2,757
  • Nov 5, 2009 8:35pm Nov 5, 2009 8:35pm
Quoting ReaperKK
Hi all, well I'm joining this thread and reading through it. I already traded it using the simulator and it seems promising. Can't wait to see where this takes me.
Welcome to our humble abode

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,758
  • Nov 23, 2009 4:13pm Nov 23, 2009 4:13pm
Hi there,

i have seen few chart snaps where bar color is changed on certain conditions.
how do we change bar color on crossup/down or any other condition?

appreciate help

BB
  • #2,759
  • Dec 1, 2009 1:10am Dec 1, 2009 1:10am
This is how I like F5 entries. Nice support underneath with weekly and daily S1 pivots. Be great if all were this way.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,760
  • Dec 2, 2009 1:17am Dec 2, 2009 1:17am
Quoting Rufus
This is how I like F5 entries. Nice support underneath with weekly and daily S1 pivots. Be great if all were this way.

Rufus
ATR - Bollinger - additional MAīs?

Anyway, my weekly Pivots match yours, while my daily is where your entry is ;-)
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