V Force System For MT4
Table Of Contents:
- V Force System For MT4
- Selecting the trading instrument
- V Force System For MT4 - Long trade setup
- V Force System For MT4 - Short trade setup
- Trade Management
- V Force System For MT4 - Conclusion
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The V Force System For MT4 is state of art in the investment industry. The developers have programmed the V Force alert indicator by using the core function of some of the most advanced indicators used by the retail traders. The V Force Alert tool performs the mathematical calculation of the Rate of change MACD, Bollinger Bands, Bulls Power, Bears Power, ADX, RSI, and Stochastics in a simultaneous process. The indicator creates three unique colored candles in the chart that allow us to open new trades. Based on your preference you can either use the white template or go for the black template available in the V Force System files.
The red candle is the indication of a selling signal and the blue candle is the indication of buying signal. And those who want to get strong confirmation can use the green candle. Though the function of the green candle is not that prominent in this system still we will show you how the green candle helps us to manage our trade in a better way. And to increase our chance of making a profit, we should be very selective with our actions. Failing to pick the right instrument will decree the success rate of this system. So, let's start with the currency pair selection process so that we can trade with strong confidence.
Selecting the trading instrument
Before we move into the details of currency pair selection, you need to know the system should be used only in the 15 minute and 30-minute charts. Since the time analytical time frame is relatively small, investors must pick an asset that can exhibit price stability. So, our preference will be the major currency pairs in the Forex market. But advanced traders also consider spread, state of the trend, and news factors to increase the profitability. Opening the trade with the trend in a trending asset can significantly improve your chance of making a profit while using this unique strategy.
Now let’s come to the spread issue. Since most brokers offer dynamic spread, we should look for the trading signal in the asset which has a spread of fewer than 2 pips. Though most of the major currency pairs have less than 2 pips spread you must evaluate the spread before you take the trades. Since the take profit and stop loss level is fixed for this system, it is better not to trade during high spread or any major news release. To know about the economic news release, you can follow the economic calendar from a reliable source. Since you know the technique to pick your trading instrument, let’s see how we can open new short and long trade with this V Force System.
V Force System For MT4 - Long trade setup
Using the V Force system is very easy as most of the hard work is done by the advanced algorithm. We have already pointed out, the blue candle will act as the buying confirmation signal. But the position of the blue candle must take place at the support level. So, you must have the basic skills to identify the major support in the chart. After spotting the blue candle, place the pending buy order 5 pips below the closing price of the blue candle. The stop loss should be placed 10 pips below the low of the blue candle. For the take profit, we will be using standard 35 pips take profit.
The reason we are placing the buy limit order 5 pips below the closing of the blue candle is to get a better entry price. But in a strong trend, the market might not retrace and you will miss the opportunity. So, if you feel the trend strength is extreme, execute the long trade by using the market order. In this case, the stop loss will be 15 pips and the take profit will be 30 pips. Note that, the V Force system will give you a buy alert when it finds the potential buying opportunity. So, you don’t have to monitor the price movement to take the trades with this system.
V Force System For MT4 - Short trade setup
The use of the V Force system to open the short order is a very straightforward process. But we will be using a bit advanced technique so that we can manage our trades’ effectively in the most complex state of the market. The red bar in the main chart should create the sell alert signal. The position of the red bar must take place at the resistance level. However, you might find the red bar in the chart after the break of a critical support level. If you see the red bar breaking major support, open the short trade right after the formation of the green candle. Speaking about the limit entry, you can take the sell limit order 5 pips above the closing price of the red candle.
As you keep on trading with the V Force System, you will understand when to use the limit order and when to for the instant execution. The instant execution should have 15 pips SL and 30 pips take profit. On the contrary, when the retracement is considered, place your stop above 1 pip above the high of the red candle. And always be aware the risk to reward ratio for each trade must be 1:2 or better. Now let’s see how we should manage our trade with this advanced system.
Trade Management
Managing the trades with the V Force System is not all tough. Even if you risk 1% and follow the mentioned guidelines in the long and short trade segment, you should be able to win more than 75% of the time. But this system can offer us a lot more when some tweaking is done with the risk management policy. For instance, we have to limit the number of running trades by strict rules. Having more than 3 running trades at the same time impose a great risk to our capital.
Instead of considering the account balance in the risk assessment factor, we should be focusing on the equity. This we will be able to calculate our lot size based on the current condition of our account balance. Regarding the macro and microeconomic news release, it is better to avoid the trade signals formed at that moment. Skilled traders prefer to look for the trade signals when the signals are formed in the stable state of the market.
V Force System For MT4 - Conclusion
The best thing about the V Force indicator is simplicity. The sophisticated algorithm does most of the advanced data calculations required to take our trades. If you try to trade the market with the mentioned indicators by taking the reading one by one, you will feel the stress. But having an easy indicator doesn’t mean we will not learn anything about the market. Enhance your skills so that you can determine the support and resistance level with accuracy. People who are good at analyzing the support and resistance can easily increase the win rate by over 80%. But it will take some time and strong practice.
Never get overconfident by seeing the amazing success rate of the V Force system. There is a trading system in the world that can protect you from losing trades. You have to set up your mind that very often you might have to deal with losses. The losses should be minimum and they should not exceed your risk tolerance level. The highly-trained traders manage big funds just by using the rules of money management in a very strict way. So, try to follow the steps of the skilled traders while managing the trades. Soon, you will find your profitable in the trading industry.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
