Automated Price Action Trading System
Forex Force EA – automated Forex system based on PA (price action), volume, and price momentum
Forex Force EA Input Paramters
Trade Trigger
Slow Period
The number of periods (candles) used to analyze price action and volume for the slow period.
Fast Measuring Period
The number of periods (candles) used to analyze price action and volume for the fast period.
Level Up
Specifies by how much the price needs to speed up and by how much the volume needs to increase to trigger a new long (buy) trade.
Level Down
Specifies by how much the price needs to speed up and how much the volume needs to increase to trigger a new short (sell) trade.
Stop Loss Logic
SL Type
Drop down menu where you can select the type of stop loss.
Fixed SL, pips
Input field for fixed stop loss value in pips. The input field supports fractional pips. As example: 60,8 (60 pips and 8 points).
Dynamic SL, %
Specifies the % factor used for calculating the stop loss. As the name indicates, the stop value will be individually calculated for every trade. The distance in pips depends on the volatility.
A higher percentage will increase the stop loss value, while a lower number will decrease the stop loss value.
Trailing Stop and BE** Logic
TS Type
Drop down menu where you can select the type of stop loss.
Fixed TS, pips
Input field for fixed trailing stop loss in pips. The input field supports fractional pips. As example: 60.8 (60 pips and 8 points).
Dynamic TS, %
Specifies the % factor used for calculating the trailing stop loss. As the name indicates, the trailing stop loss value will be individually calculated for every trade.
Break Even
Drop down menu what allows you to enable/disable the breakeven feature. When enabled, the EA will move the stop loss to breakeven (entry price), as soon the trade is X pips in profit. X = ‘Break Even Level, pips’ input value.
** Break Even
Take Profit Logic
TP Type
Drop down menu where you can select the type of take profit.
Fixed TP, pips
Input field for fixed take profit in pips. The input field supports fractional pips.
Dynamic TP, %
The percentage factor used to calculate the take profit value in pips. TP = SL (either fixed or dynamically calculated) x Dynamic TP, %. Example: When the SL is 50 pips and the Dynamic TP percent factor is set to 500 the TP value will be 250 pips (50 x 500%).
Money Management
Risk Type
Can be either ‘Percent’ or ‘Fixed’. If set to ‘Percent’, the defined percentage of the account equity or account balance will be used as base to calculate the lot size per trade. If set to ‘Fixed’, a fixed predefined lot size will be used for trading.
Risk Calculation
Drop down menu where you can choose if the base for lot calculation. Calculation can be based on the account equity or on the account balance.
Risk, Fixed Lot Size
Input field for fixed lots per trade. Fractional lots (0.01) are supported by the EA but may not be supported by your broker.
Risk, %
Input field for risk per trade in percent of the account equity or account balance.
Filter Settings
Time Filter
Drop down menu where you can enable/disable the time filter feature. When enabled the EA will open new trades only during the specified time. Note that open trades will be not effected by the time filter.
Start Time | End Time
Start and End Time for the time filter. Time format is 24h.
Max Orders
A simple feature to limit the number of open trades.
Max Spread
Forex Force is very robust and tests has shown that the system will be profitable even when the spread is very high. However, high spreads means higher trading costs and higher risk. The ‘Max Spread’ filter will prevent the EA from opening new trades when the spread is equal or higher than the chosen input value.
Other Settings
Comments
Allows you to enable/disable comments.
FIFO When enabled (on) the system will trade according to the NFA Compliance Rule 2-43b. Traders usually refer to it as the FIFO or first in first out rule. When disabled (off), the FIFO rule will be ignored and trades will be closed by the calculated stop loss, take profit or trailing stop loss value.
Magic Number CI | Magic Number C II
Magic Number for Core 1 and Core 2. It can be any number. Please note that the magic numbers need to be different for core 1 and core 2.
E-Mail Trade Notifications
Drop down menu to enable/disable e-mail notifications.
E-Mail
Input field for e-mail.
Free Download Forex Force EA
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