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    The Force 5 Min System 1

    Uploaded by

    killaruna04
    The document describes a 5-minute forex trading strategy called "The Force". It uses MACD, stochastic, and 5 EMA indicators to generate buy and sell signals on the EUR/USD pair. The strategy is initially presented with basic rules but later advanced rules are introduced using pivots and trend lines to identify bounces off support and resistance. Finally, "expert rules" are outlined using a single long-term trend line to enter short or long positions on failed retests of the line.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The Force 5 Min System 1

    Uploaded by

    killaruna04
    238 views8 pages
    The document describes a 5-minute forex trading strategy called "The Force". It uses MACD, stochastic, and 5 EMA indicators to generate buy and sell signals on the EUR/USD pair. The strategy is initially presented with basic rules but later advanced rules are introduced using pivots and trend lines to identify bounces off support and resistance. Finally, "expert rules" are outlined using a single long-term trend line to enter short or long positions on failed retests of the line.

    Original Description:

    For you who want to gain profit in forex

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    © © All Rights Reserved

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    The document describes a 5-minute forex trading strategy called "The Force". It uses MACD, stochastic, and 5 EMA indicators to generate buy and sell signals on the EUR/USD pair. The strategy is initially presented with basic rules but later advanced rules are introduced using pivots and trend lines to identify bounces off support and resistance. Finally, "expert rules" are outlined using a single long-term trend line to enter short or long positions on failed retests of the line.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    238 views8 pages

    The Force 5 Min System 1

    Uploaded by

    killaruna04
    The document describes a 5-minute forex trading strategy called "The Force". It uses MACD, stochastic, and 5 EMA indicators to generate buy and sell signals on the EUR/USD pair. The strategy is initially presented with basic rules but later advanced rules are introduced using pivots and trend lines to identify bounces off support and resistance. Finally, "expert rules" are outlined using a single long-term trend line to enter short or long positions on failed retests of the line.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    The Force 5min system

    Original Version
    Traders,
    Detailed below is my newest strategy. I invite eveyone to try it out
    as it does produce good profits if traded correctly. By good profits I
    mean you make pips everyday even if its only a few. Ive only traded
    this strategy on the Eur/Usd.
    Details:
    Name: The Force
    Pair: Eur/Usd
    Time: 5min
    Sessions: Any, but I only trade during the assian and euro session.
    Indicators
    MACD: 12,26,1 ( 1 means nothing )
    Stochastic: 5,3,3
    EMA: 5 to the close
    EMA: 5 to the open
    *no trades during news times*
    *Risk is set to 1%*
    *Take profit is random based on market conditions but ill usually cash
    out based on reversal patterns or a cross of the two ema's*
    Trade signals are only confirmed on closed candles/bars.

    Buy Signal
    a) When the stochastic crosses up from the 20 line and is not
    ovebought
    b) The MACD closses higher than the previous time interval
    c) The Signal candle/bar closes higher bullish
    d) The 5 ema to the close has crossed the 5 ema to the open
    Stop Loss is the low of the previous candle or 20 pips but 20 pip min.
    Close when the 5 ema to the close has crossed the 5 ema to the
    open
    Sell Signal
    a) When the stochastic crosses down from the 80 line and is not
    oversold
    b) The MACD closses lower than the previous time interval
    c) The Signal candle/bar closes lower bearish
    d) The 5 ema to the close has crossed the 5 ema to the open
    Stop Loss is the high of the previous candle or 20 pips but 20 pip
    min.
    Close is based on price action.
    Thats it. I like to keep life simple. If anyone has any questions they
    will be answered between 12am and 7am eastern time. Rest assured
    all questions will be answered so keep checking back if have posed a
    question and have not received answer. Chart examples will be
    produced based on demand. Enjoy.

    msn chat: theforcefx@live.com


    Live Chatroom: http://force.appruv.com

    Advanced rules

    For the poeple who have been trading my system since its first post
    and have a good grip on the basics can now kick it up a notch. Whats
    changed from the basic rules is that we will no longer wait for the
    stochs to come out of the oversold overbought area. Instead where
    going to add in daily, weekly and monthly pivots combined with trend
    lines. How does this effect the strategy. It give the oppritunity to
    now trade failures or bounces of minor and major support and
    resistance. How does this work? When the price approaches a major
    or minor support or resistance we wait for the price to fail to clear
    it. Then we wait for a stoch cross, macd and MA signal to occure in
    the direction of the bounce. Again exit is based on reversal patterns
    and price action. A quick tip about support and resistance and pivots.
    The large the time frame of these items means the more powerfull
    support and resistance. Always wait for the bounce to occure and a
    confirmation of the indicators and a closed bar with the confirmation
    before you enter the trade. Lot size will be dertemined by account
    size at 1%. To calculate take your account size calculate the 1%.
    Take the sum and devide it by the number of pips from the low/high
    to close from the signal bar and now you have the proper lot size for
    your trade. Even if your in demo status you should practice this for
    proper MM. Everyone should take a good 15min before they start
    trading to draw they trend lines. First take you 5min chart and zoom
    as far out as you can and make the connections. Then zoom in one
    level and do the same. Keep zooming in till you get them all bearish
    and bullish. Then once your done make sure you know where all you
    pivots are for the daily weekly and monthly. After thats done,
    double check everything. Then once thats done check it again. Then
    sit and wait for a trade. Watch everything the price is doing and get
    to know how the pair moves. Everytime the price moves theres a
    reason behind the movement, be it technical or fundamental. With all
    these SR lines and pivots what you have is information telling you
    whats happened and whats likely to happen. You also now have the

    advantage of looking at what the pros are prob looking at. The pros
    handle the big bucks. The big bucks make the big moves. Included by
    attachment is a pivot indicator. Set daily, weekly and monthly to
    true.
    Details
    Name: The Force
    Pair: Eur/Usd
    Time: 5min
    Sessions: Any, but I only trade during the assian and euro session.
    Indicators
    MACD: 12,26,1 ( 1 means nothing )
    Stochastic: 5,3,3
    EMA: 5 to the close
    EMA: 5 to the open
    *no trades during news times*
    *Risk is set to 1%*
    *Take profit is random based on market conditions but ill usually cash
    out based on reversal patterns.
    Trade signals are only confirmed on closed candles/bars.
    Buy Signal
    a) When the stochastic crosses in bullish divergence and is not
    ovebought
    b) The MACD closses higher than the previous time interval
    c) The Signal candle/bar closes higher bullish
    d) The 5 ema to the close has crossed the 5 ema to the open
    Stop Loss is the low of the previous candle or 20 pips but 20 pip min.
    Close is based on price action.

    Sell Signal
    a) When the stochastic crosses in bearish divergence is not oversold
    b) The MACD closses lower than the previous time interval
    c) The Signal candle/bar closes lower bearish
    d) The 5 ema to the close has crossed the 5 ema to the open
    Stop Loss is the high of the previous candle or 20 pips but 20 pip
    min.
    Close is based on price action.

    Expert Rules
    Below are the rules for trading the forece expert. I have used
    Friday as an example chart to demonstrate the rules in effect. This
    is the best way to maximize your pips gain and the final goal that
    everyone should strive for when trading my system from beginning to
    end.
    Trade setup
    You will draw one long term TL upper and lower TL fomr the 15min
    chart zoomed as far out as possible. Just connect the two most highs
    and lows visible. Then go back to your 5min chart as this is the only
    place the trades will take place. Find a comfortable zoom level but
    not to close because you need to be able to see the bigger picture.
    Enter short
    Wait for the price to push then bounce or just bounce of the Upper
    TL
    Wait for retracement and failed restes of the upper TL
    Enter short after failed retest
    Trace price with short term TL and add to position on bounces of
    short term TL
    Close all when the same thing happens in the opposing when the same
    pattern happens again but opposite.
    Enter Long
    Wait for the price to push then bounce or just bounce of the Lower
    TL
    Wait for retracement and failed restes of the Lower TL
    Enter long after failed retest
    Trace price with short term TL and add to position on bounces of
    short term TL
    Close all when the same thing happens in the opposing when the same

    pattern happens again but opposite.


    Thats it. If this doesnt make sense to you your not at the point
    where your ready to trade the expert rules. The basic and advanced
    rules are created to train your eye to recognise these patters. The
    chart below is how I trade FX begind the scenes. From now on This
    is what my charts will look like when I post them. I hope everyone
    enjoys the feeling of satisfaction they will have for themself getting
    to the point where they can trade in this fassion.

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