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Cable Update (GBPUSD)

Hi, the previous was using momentum too, the data are the same, I just add the possibility of a different exit strategy, but still testing, the statements using force index was never published, I have switched the force index indicator, because as ...

GBP/USD Force Index System

February statement — Here is the February statement, and January too

GBP/USD Force Index System

10 October — Long position open at 7.30 GMT at 2.0403, closed at 9.00 GMT 2.0443 +40 Pips Short Position open at 12.30 GMT at 2.0399, closed at 13.00 GMT at 2.0434 -35 pips Long position open at 18.00 GMT at 2.0423, closed at 18.30 GMT 2.0421 ...

GBP/USD Force Index System

Support/Resistance — Hi, yes it must close above or below it, the closing bar is what maters, it may pass the resistance support level while the candle is open to test it, but will return to its place at the close of the bar,

GBP/USD Force Index System

The arrows represent the entry, the vertical bars, would represent an exit if take profit or stop loss was not hit, it may close sooner than the vertical line, and I, am sorry that a made a mistake in my statement about 9 October, I told 3 long ...

GBP/USD Force Index System

Note — And note that the time entry that I post here, and on the excel file, are referred to the end of the bar, not at start of the new one (although it is the same thing, but its only that you know the exact time of exit and setup that I ...

GBP/USD Force Index System

Depending on me no, I don’t know how to program it to alert me when a setup bar appears, creating an EA is even more complicated, and I would like that no one creates an EA or software alert without my approval , I’ve spend more than 12 hours a day, ...

GBP/USD Force Index System

9 October Live trading results — Long position open at 9.00 GMT at 2.0348, closed at 10.00 GMT 2.013 -35 Pips Long Position open at 13.30 GMT at 2.0306, closed at 14.00 GMT at 2.0266 +40 pips Long position open at 15.30 GMT at 2.0335, closed ...

GBP/USD Force Index System

8 October live trading results — Short position open at 7.00 GMT at 2.0401, closed at 10.00 GMT 2.0361 +40 Pips Long Position open at 13.30 GMT at 2.0395, closed at 16.00 GMT at 2.0370 -25 pips (got out of position when it gave a short signal) ...

GBP/USD Force Index System

Change Thread name — Hi, can someone tell me how I can change the thread name, since the original system was based in force index, but the new version no longer has that indicator. Thanks.

GBP/USD Force Index System

Backtest — Hi, I’ve back tested 6 month with force index, all with profit, but since I had to change it for the momentum indicator I have to back test it all again, but once I have all tests done, I will post the results.

GBP/USD Force Index System

Broker — Hi, I live trade it with Oanda, but i get the signal from Meta Trader, with an Interbank FX demo account. Oanda has 2.5 pip spread on the cable. Regards Marco

GBP/USD Force Index System

Note — The statement from January is back tested data, didn’t live traded it, just started live trading it this month, but I had back tested 6 month all with profit, but since I had to change force index ( it is based in volume, and forex ...

GBP/USD Force Index System

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GBP/USD Force Index System

I use only Bollinger bands to see if the market is making good movements, if it widens probabilities of a good trade increases, if it shrinks, the probabilities of a bad trade increase, I don’t use it to trigger exit or setup, its just to get a ...

GBP/USD Force Index System

Screenshot — Here are 2 trades the first hit my 40 pip goal, and the second trade was with 19 pips when momentum crossed 10 ema. Note, I only use Bollinger Bands, to see if market is making a good movement.

GBP/USD Force Index System

Screenshot — Here is a good trade, it went 60 pips my way after my setup, take profit was at 40 pips as you can see, price as break true ema 21, stochastic passes 40 level, in case take profit or stop loss was not hit, exit would be at the ...

GBP/USD Force Index System

Spread — Hi again Take note that if your broker charges for example 2,5 pip spread, take profit will be at 37,5, and stop loss at 37,5 Regards Marco

GBP/USD Force Index System

The rules — In this post I will explain the rules, First you start downloading the WinZip file, which has the indicators and template, all January back testing is on the template, So the rules are Buy - When you have momentum above 0 and above ...

GBP/USD Force Index System