THV system, final edition

Quoting SpecialEd

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Hello my friend CobraForex!

I've been using this system for about two weeks. It's simple, easy to use, and yields lots of PIPs. Best to all who use it. I too will stay in touch with the THV thread.

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Quoting fajst_k

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CObraforex

Just to verify if it is really good. Write an EA and test it on historical data than show us the results.

Your system is based on T3 expotential MA and MACD which are more or less the same which is proven to give many false signals

see http://www.forexfactory.com/showthread.php?t=83540

It does not consider e.g. current volatility, currency corelation, higher timeframes set up etc, so I believe results from EA would prove it's
usability.

Krzysztof

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Quoting cash4u2

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@Freddyfx

Do you mean the green and pink Heiken Ashi candles?

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Quoting cash4u2

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@Freddyfx

Do you mean the green and pink Heiken Ashi candles?

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Quoting Freddyfx

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No amigo, the white line that you see at the tip of those candles, as the chart is setup to use LINE and not CANDLES or BARS.

Let me make a screenshot of my chart for you

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Quoting cash4u2

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@ Freddyfx
Thx for your information ;-)
How did you add this white line for the Price Action?

regards
cash4u2

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Quoting SpecialEd

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Hello my friend CobraForex!
I've been using this system for about two weeks. It's simple, easy to use,

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Quoting cobraforex

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I will not, most system threads died because of that reason. I don’t believe in any EA, worse back testing them. What I wanted to show is shown here, I don’t own anything more.
This is typical for newbees, after blowing several accounts they want to have something secure, replacing their horrible trading skills.
Instead of wasting time and money in EA’s it is preferable to use those values investing in Forex education.
I would appreciate an EA from one of the excellent coders here in FF that gives a buy or sell signal that would be [b]confirmed...

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Quoting lascavel

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Don't mind me asking, u said u'v been testing this system for 2 weeks....BUT I thought that Cobra just posted this only yesterday on Nov 15?

Correct me if I am wrong? Just wana be sure we are all speaking from facts.


Respect

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Quoting lascavel

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Don't mind me asking, u said u'v been testing this system for 2 weeks....BUT I thought that Cobra just posted this only yesterday on Nov 15?

Correct me if I am wrong? Just wana be sure we are all speaking from facts.


Respect

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Quoting lascavel

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Don't mind me asking, u said u'v been testing this system for 2 weeks....BUT I thought that Cobra just posted this only yesterday on Nov 15?

Correct me if I am wrong? Just wana be sure we are all speaking from facts.


Respect

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Quoting TradeWell

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Further, let's be clear that you do not necessarily enter into a trade just because the conditions (rules) of the system are met. As cobra points out, DP, S&R and trader experience watching PA are also important in the decision to enter. I would not recommend this as a stand alone system, especially to a newbie, unless you have years of already successful experience as a trader. I myself use it as a confirmation tool or use other tools to confirm it. I have less than a year experience so I like to be conservative...

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//external variables
extern int     Slippage          =1;

extern string  Ordercomment      ="ap.cobra thv 1.0";
extern int     MagicNumber       =1776;

extern bool       Use.Money.Mgt  =true;   // if false, uses Minimum.Lot
extern double     Minimum.Lot    =0.01;   // Smallest lot size to trade, Use.MM true or false
extern double     MaximumRisk    =0.0025; // %account balance to risk per position

double hull=iCustom(Symbol(),0,"hull THV",55,0.2,0,0);
double T3=iCustom(Symbol(),0,"T3 THV",8,0.04,0,0);
double hao=iCustom(Symbol(),0,"Heiken Ashi THV",CLR_NONE,CLR_NONE,MediumVioletRed,Green,0,0);
double hac=iCustom(Symbol(),0,"Heiken Ashi THV",CLR_NONE,CLR_NONE,MediumVioletRed,Green,1,0);
double haop=iCustom(Symbol(),0,"Heiken Ashi THV",CLR_NONE,CLR_NONE,MediumVioletRed,Green,0,1);
double hacp=iCustom(Symbol(),0,"Heiken Ashi THV",CLR_NONE,CLR_NONE,MediumVioletRed,Green,1,1);
double ia=iCustom(Symbol(),0,"Ichimoku THV",2,5,8,2,0);
double ib=iCustom(Symbol(),0,"Ichimoku THV",2,5,8,3,0);
double osma1=iCustom(Symbol(),0,"OsMA",12,26,7,0,0);
double osma2=iCustom(Symbol(),0,"OsMA",12,26,7,0,1);

//ORDER ENTRY SETUP 0-buy,2-buylimit,4-buystop
sprice=0;bprice=0;ssl=0;bsl=0;
if(OrderSelect(Sticket,SELECT_BY_TICKET)==false || (OrderSelect(Sticket,SELECT_BY_TICKET)==true && OrderCloseTime()>0)) {
   if(Bid<hull && T3<hull && hac<hao && Bid<ia && Bid<ib && shorttime<Time[0] )  {
      ordertype=1; sprice=Bid; ssl=Ask+(50*Point); 
      stp=0; slippage=Slippage; expire=0;
      Color=LightSalmon; Sell(); return(0);  }  }

if(OrderSelect(Bticket,SELECT_BY_TICKET)==false || (OrderSelect(Bticket,SELECT_BY_TICKET)==true && OrderCloseTime()>0)) {
   if(Ask>hull && T3>hull && hac>hao && Ask>ia && Ask>ib && longtime<Time[0] )  {
      ordertype=0; bprice=Ask; bsl=Bid-(50*Point); 
      btp=0; slippage=Slippage; expire=0;
      Color=Green; Buy(); return(0);  }   }

      if(OrderType()==1)   {
         if((hao<hac && osma1>osma2) ||
            (Bid>T3) ||
            (Bid>ia && Bid>ib) &&
            shorttime<Time[0])  {
               OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Black);
               shorttime=Time[1];   }  }   
      if(OrderType()==0)    {
         if((hao>hac && osma1<osma2) ||
            (Ask<T3) ||
            (Ask<ia && Ask<ib) &&
            longtime<Time[0])  {
               OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Black);
               longtime=Time[1]; }  }

Quoting fxid10t

Disliked

This is precisely why an expert advisor following the rules in post 1 will fail. I've attempted to code the rules in the attached ea. Given the subjective nature of PA around Pivots, PA at potential S/R, and the individual trader's interpretation of Price Action itself, all three of which are nearly impossible to code, I heartily agree with TradeWell.
[/code]

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Quoting rcbarlow

Disliked

I downloaded the indicators and template, but when I install them, I am not getting the Envelopes as shown on page 1. What is missing?, or am I doing wrong?

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Quoting cash4u2

Disliked

Hello fxid10t,

could you also program the EA with the following:
entry - only when PA crosses blue
exit as usual

regards
cash4u2

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Quoting Gofer Pips

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Hey all!
Cobra, you have done a great job on this!

This is basically a no-brainer strategy. Human error and slight aberrations in PA are the only things that I have found makes this fail. I have traded this live for 3 days, and due to having to make teeth, I have placed about 15 trades with 1 loss due to setting S/L too close(12 pips).

[b]I have loaded the Ichikomu set-up and compared the two. The THV allows an earlier and more reliable entry(IMO), but based on pivots, psyches and fibs, I do not always exit...

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