Welcome Traders and Beginners.
I present and share a system which I compiled to MT4.
The original idea came from an experienced trader (since 1994) his name here in FF is Turhovach he has the age of 59 years (not too far away from me, lol).
I have absolutely no commercial interest on what is shown in this thread, we are here to help each other.
I found the THV setup very easy to observe and to work with and started to get everything together on the MT4 platform in october 2008. There is not too much left from the first chart of Turhovach, we added the THV Trix indicator which is the heart of the final product.
We had more than 180.000 downloads from this and my privat webpage till timestamp of today (28th of September 2009)
Please read Post # 75 and the actual V3 manual before starting up
The main V4 rules:
Entry: Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.
Exit:Faster Trix changes color and/or touch of a known good resistance/support level.
Other reasons to take profit can be: Touch of a trend line, resistance or support line, horizontal psych level (00 - 20 - 50 - -80) or a black cat that cross your screen
Stop Loss: please set your stop loss according to your money management plan, as higher your TF that you trade as lower you set the pip value and as higher the Stop Loss, also it depends on the currency pair that you are trading.
I use THV mainly for scalp trades but many traders use it in higher time frames.
We, the THV team proved it only on 1M and 5M. The 1M TF is only for extreme scalping and needs good FX skills !!!
These are the only rules; anything else depends on your basic knowledge on FX and your feelings.
My special thanks to SpecialED, TradeWell and Eddiemiller for trying the first beta setups, Doblece for helping me in MT4 V220 compiling issues and AK4X to keep me always in good mood and suggesting to open this thread.
And at the end to Turhovach for pesenting his charts and settings in FF and so making me suspicious what is behind of that and last but not least, my wife, giving me the time to get all this done.
Also thanks to MissPips for the developement of the MTF trading method, to Traderathome for his efforts on the contionious developement of the THV Pivot indicator, to Peter D for the birth of the THV Info indicator, Caveman for the developement of the THV Cavemanager, xux99 for his inconditional developement of the THV EA and finally to Stratman for his mini chart indicator.
There are many more to thank but the list will be too long.
Thank you all
New, cleaner chart with more functions and sound support, THV V4, released:
Download the template and manual below
The actual THV team: Doblece, MissPips, Tradewell, Gofer Pips, Special Ed, Cashmeer, SeerEye, Karun, Caveman, Stratman and Cobra.
We don't offer source codes of the system as there have been many free systems been sold under another name in Ebay.
Who ask for them will be banned from posting in this thread !!!
Sample of a good daily trading plan: Decidence
Spanish Manual: THV MANUAL ESPANOL
AUD trade 16 nov 08 17 nov 08 19 nov 08 20 nov08 21 nov 08
Stratman's THV Trading videos
Fibonacci pivot indicator Pivots and brokers
Repainting of MTF is no issue
Informative post from a long time THV trader:
Please, if you downloaded THV and you have an objective opinion after trying THV for a while (good or bad) please leave a rate on the right upper corner of this page, this help other traders to see if reading the thread has value, Thanks
The THV team wish you a a great trading result for now and ever.
If you experience problems in the download and have an extension like .php change it to .zip or use Firefox for downloading!!!
Sorry Folks, I have to go for a good while, the reasons are explained in this post:
Trade well and as secure as you can.