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THV system, final edition

  • #221
  • Nov 18, 2008 5:18am Nov 18, 2008 5:18am
Quoting cobraforex
....The DP is like a line between Buyers and Sellers, so above the DP we likely want to look for long confirmations on THV and vice versa...
When I see setups that include the DP for confirmation, I consider those to be some of the best setups. The rules come together at about the same time PA is crossing the DP, in the direction of the trade.
  • #222
  • Nov 18, 2008 5:24am Nov 18, 2008 5:24am
any news indicator out there that doesn't junk up your chart but alerts us to upcoming news?

I've tried them all and feel the clutter is overwhelming.

Steve
  • #223
  • Nov 18, 2008 5:54am Nov 18, 2008 5:54am
Maybe you've already tried it but I think this one can be good as you can choose the way it will display and select which news to be shown on your chart... and it only places little numbered circles.

http://www.forexfactory.com/showpost...42&postcount=1
  • #224
  • Nov 18, 2008 6:42am Nov 18, 2008 6:42am
Thank you
Will try again; last time I used it I discovered it quit after first day; maybe fixed now.
Steve
  • #225
  • Nov 18, 2008 6:58am Nov 18, 2008 6:58am
Quoting cobraforex
Since 2 years I have a rule that helped me a lot to take the right trading direction in my short term trading stile, the scalping, the Parabolic Sar. That are the blue points that you can observe on the 15M chart in my last post.

Rule was no to trade against the SAR points on 15M chart.

In some minutes I upload the indicator if someone is interested may download it.
Now with the THV I break that rule pretty often because the trades are even against it almost secure.
[font=Arial]But...
Cobra, I am surprised you use the Parabolic SARs as a scalper. They hold up most of the time on long term charts as valid trend indicator. But on smaller timeframes they are extremely vulnerable to being contradicted by whipsawing.....LARGE whipsawing. When I use them (infrequently now) I use two.....the standard settings (0.02 and 0.20) and quicker responding settings (4.44 and 4.44). Both need to be in agreement, expecially when a trend direction may be in the process.

Edit: When stuff starts to happen....opposite movements, the 4.44/4.44 SARs will be the first to respond. If you get 3 TFs and then the .02/.20 SARs follows, the direction is likely changing for sure.
  • #226
  • Nov 18, 2008 7:40am Nov 18, 2008 7:40am
Even though I am seeing THV signals to trade (marginally) the market is so choppy and erratic that I am waiting for a more clear direction.
  • #227
  • Edited 8:58am Nov 18, 2008 8:15am | Edited 8:58am
Quoting traderathome
Cobra, I am surprised you use the Parabolic SARs as a scalper. They hold up most of the time on long term charts as valid trend indicator. I use two.....the standard settings (0.02 and 0.20) and quicker responding settings (4.44 and 4.44). Both need to be in agreement, expecially when a trend direction may be in the process.
Hi traderathome
You pointed it out, it depends of the settings, I didn't mention that before, I use the the 0.04 -- 0.4 settings on my scalp template 15M.

I mentioned before that I don't care the SAR too much now, the THV setup is secure enough.

Good observation.
  • #228
  • Nov 18, 2008 8:24am Nov 18, 2008 8:24am
Quoting TradeWell
Even though I am seeing THV signals to trade (marginally) the market is so choppy and erratic that I am waiting for a more clear direction.
I took a day off, I didn't like the PA the London session was pretty choppy and I started to get some stuff done that was laying on my desk. So my task untill tomorrow end of NY session will be 80 pips, hope the price direction will be a bit more clear.
  • #229
  • Nov 18, 2008 9:17am Nov 18, 2008 9:17am
I think this was the best move since hours, I stepped in on green box, out at red box, a total of 37 green pips.
Attached Image (click to enlarge)
Click to Enlarge Name: t7.gif Size: 36 KB
Attached Image
  • #230
  • Nov 18, 2008 9:30am Nov 18, 2008 9:30am
Quoting cobraforex
I think this was the best move since hours, I stepped in on green box, out at red box, a total of 37 green pips.
I did some of that run too, though I was because of the choppiness and the approach to some resistances. Nevertheless, I got some peeps.
  • #231
  • Nov 18, 2008 9:42am Nov 18, 2008 9:42am
market too choppy for me, or I do not trust myself today!
  • #232
  • Nov 18, 2008 10:10am Nov 18, 2008 10:10am
There was a question from cyclone why I took the last trade on 11:00, the rules on 5M haven't be completed at that time (don't know why this post don't show up here, on my email warnings I have it).

Good question, I trigger the entrance mostly on 1M (the rules on 1M have been completed on that TF) and let it run on 5M when I feel good with the position, hope that answered the question.
  • #233
  • Nov 18, 2008 10:15am Nov 18, 2008 10:15am
Quoting Gofer Pips
market too choppy for me, or I do not trust myself today!
Don't worry, I feel the same, todays PA was a mess Bemac would say.
  • #234
  • Nov 18, 2008 10:41am Nov 18, 2008 10:41am
Nearly a 200 pip drop off a nice set up on the G/J 5minute.
  • #235
  • Nov 18, 2008 12:07pm Nov 18, 2008 12:07pm
Cobra,

Thanks for the system but I'm having trouble extracting it, it gives me an error as follows ! C:UsersDatmanDesktopTHV.zip: The archive is either in unknown or damaged format Unexpected end of archive

Can you help out with that.

Thank you.
  • #236
  • Nov 18, 2008 12:19pm Nov 18, 2008 12:19pm
When downloading the THV from cobra's website, the easiest way to do it is save the zipped file to your desktop.

Open the zipped file on your desktop, and extract all files, also saving to desktop.


Open My computer>program files> (broker name where your MT4 is located)mine is IBFX

Once open then open the extracted folder on the desktop and the template folder, click on the THV.tpl template and move it into the template folder in MT4.

Then open experts>indicators and click and drop the indicators, after opening the indicator folder on the desktop, in the indicator folder in the experts folder.


If you need further help you may PM me.

Good Luck!
  • #237
  • Nov 18, 2008 12:57pm Nov 18, 2008 12:57pm
Thank You Goferpip,

Got it working.

Appreciate it, have a nice day. Just a small clarification, when I installed it and loaded the template the hull lines on an uptrend were "red" and in a downtrend "green", I changed them to their respective colors. Did any of you guys have to do that.

Have a nice day.
Gluck trading.
  • #238
  • Nov 18, 2008 1:21pm Nov 18, 2008 1:21pm
Quoting mannai70
Thank You Goferpip,

Got it working.

Appreciate it, have a nice day. Just a small clarification, when I installed it and loaded the template the hull lines on an uptrend were "red" and in a downtrend "green", I changed them to their respective colors. Did any of you guys have to do that.

Have a nice day.
Gluck trading.
Good eye. I noticed that earlier too but the thought got lost in the fray of the day. Cobra should be perusing this thread so maybe he can change the code in the installer.
  • #239
  • Nov 18, 2008 1:45pm Nov 18, 2008 1:45pm
Quoting mannai70
Thank You Goferpip,

Got it working.

Appreciate it, have a nice day. Just a small clarification, when I installed it and loaded the template the hull lines on an uptrend were "red" and in a downtrend "green", I changed them to their respective colors. Did any of you guys have to do that.

Have a nice day.
Gluck trading.
You are most welcome!
  • #240
  • Nov 18, 2008 2:01pm Nov 18, 2008 2:01pm
Here's the color-coded Hull THV (with slightly clearer - though matching - colors, hope you don't mind).
(Note: only copy the ex4 file if you have MT4 build 220. If earlier, just copy the mq4 file to your expert/indicators folder).
Attached File(s)
File Type: mq4 hull THV.mq4   2 KB | 2,718 downloads
File Type: ex4 hull THV.ex4   3 KB | 1,960 downloads
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