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THV system, final edition

  • #961
  • Dec 6, 2008 8:22pm Dec 6, 2008 8:22pm
Cobraforex, I would like to give the system a try however as usual, it is hard to discover which indicators and setup is current as I noticed how your own charts are somewhat different than the original charts.

Any chance you can post the current indicators and template in a new post.

Thanks in advance.
Starting to see instead of just looking.
  • #962
  • Dec 6, 2008 9:02pm Dec 6, 2008 9:02pm
Quoting Rastaman
Cobraforex, I would like to give the system a try however as usual, it is hard to discover which indicators and setup is current as I noticed how your own charts are somewhat different than the original charts.

Any chance you can post the current indicators and template in a new post.

Thanks in advance.
The actual Version is the V1, you can go to the first post and look for it or go direct to my website shown in my profile to download it.
  • #963
  • Dec 6, 2008 9:41pm Dec 6, 2008 9:41pm
Quoting cashmeer
.... I am also going to look at this over the weekend, because it may really help. I am eager to get the others comments. The Wise Owl, tradewell, posted some good information about trix 3 or 4 pages ago....
I appreciate the comment of being compared to a wise owl , but I believe it was doblece or cobra who commented about the Trix. (I like to give credit where it is due) . I may have mentioned it before but not nearly to the extent that they have explained. Nevertheless, you can search the thread for the word Trix and find related posts if anyone has missed those comments.
  • #964
  • Dec 7, 2008 12:23pm Dec 7, 2008 12:23pm
Quoting doblece
The most important thing about MM is determining how much are you willing (or can you afford) to lose on a single trade....

First of all congratulations on a SUPER job you are doing in this thread.

About the MM subject, I am using Cobra's MM calculator he has on his website:
http://www.cobraforex.com/

I included the link above.

Then go to:

Money Management

it cannot be much better explained there to my belief.

just my 2 pesos
  • #965
  • Dec 7, 2008 12:57pm Dec 7, 2008 12:57pm
Guys, MM is my constant worry.

As a retired contractor all my thinking and acting is constantly at war with how to trade forex. Patience does not go well with contracting, the job needs to be done ASAP.
MM...??? Contracting is taking on a project with risk, otherwise it is not called contracting, so I tend to take more risk then I actually should and went on my snout a number of times.

A friend just sent me this indicator and I thank him for that.

Posting a screenshot of the THV system the way I use it at the moment. I name my charts, as otherwise I cannot find back which system I am using and I verify a few constantly.

When you install the indy it will show in the left top corner and there are ONLY 2 settings you can fiddle with, I use as indicated:
Risk 1.0
StopLoss 20
Attached Image (click to enlarge)
Click to Enlarge Name: freddyfx thv mtf system.gif Size: 62 KB
Attached File(s)
File Type: mq4 Dials MM.mq4   2 KB | 1,241 downloads
File Type: ex4 Dials MM.ex4   3 KB | 1,003 downloads
  • #966
  • Dec 7, 2008 5:49pm Dec 7, 2008 5:49pm
Quoting cobraforex
I think we are fine with the trix as divergence detection; I really want to keep the chart only with the absolutely necessary indicators.

More stuff to view, less concentration on the PA.

The Trix showed divergence in the last minutes on Friday and the other still didn’t show up with his arrow.

Anyhow thanks for the input, all opinions are useful and maybe someone want it to add to the candlestick chart instead of the OsMA.
"I think we are fine with the trix as divergence detection; I really want to keep the chart only with the absolutely necessary indicators." - CobraForex

I couldn't agree with you more. IMHO many traders load up with indicators (all of which are LAGGING indicators) thinking the more that say the same thing, the more sure the "prediction"! ......only to find the PA refused to comply.....leaving them some day in a HUGE loss, and CONTRARY to all those "indicators".
  • #967
  • Dec 7, 2008 6:07pm Dec 7, 2008 6:07pm
I am considering writing an EA for this and posting it here. Is there much interest for this?

I havent read the whole thread, has someone else already developed/developing an EA?

This system is probably too subjective without human discretion, so I am leaning towards an alert based system only.
  • #968
  • Dec 7, 2008 6:14pm Dec 7, 2008 6:14pm
Quoting syd360
I am considering writing an EA for this and posting it here. Is there much interest for this?

I havent read the whole thread, has someone else already developed/developing an EA?

This system is probably too subjective without human discretion, so I am leaning towards an alert based system only.
You should.

Post Nº 3:
Quoting cobraforex
Is there an EA for the THV system?

A: I’m sure that it is only a matter of time till RonaldRaygun, Tdion and others will come up with an EA.
I don’t believe in EA’s, haven’t seen any that can replace the feeling of a human being, but who knows?
Who knows, indeed.

However, I think it would be better to wait for the release of V2 which has some changes, including an alert.
  • #969
  • Dec 7, 2008 6:51pm Dec 7, 2008 6:51pm
Quoting doblece

Who knows, indeed.

I have converted my own systems of similar complexity to fully automated EAs. Writing it is easy, its the tunning that will take up the bulk of the time. But trust me, its possible.


The quickest way for it to almost a replicate human trader is for me to post the beta and for as many users as possible to forward test it, and post screenshots of errors of orders taken / not taken.

Any timeframe for V2?
  • #970
  • Dec 7, 2008 7:20pm Dec 7, 2008 7:20pm
Quoting syd360
I have converted my own systems of similar complexity to fully automated EAs. Writing it is easy, its the tunning that will take up the bulk of the time. But trust me, its possible.


The quickest way for it to almost a replicate human trader is for me to post the beta and for as many users as possible to forward test it, and post screenshots of errors of orders taken / not taken.

Any timeframe for V2?
Hi Syd

Thanks for your offer to write an EA but let’s make a deal and I think it is fair.

Write it and send me your beta, I will let it run and see if it has chances. If it is profitable I will open a new thread for EA trading THV but I don’t want to mess this thread, it is about manual trading and we (the THV development team) can’t answer questions about EA’s here.

Most system threads lost their way because they mixed manual and automatic trading.

What you think?
  • #971
  • Dec 7, 2008 7:42pm Dec 7, 2008 7:42pm
Quoting cobraforex
Write it and send me your beta, I will let it run and see if it has chances. If it is profitable I will open a new thread for EA trading THV but I don’t want to mess this thread, it is about manual trading and we (the THV development team) can’t answer questions about EA’s here.
That sounds like a good idea. I will continue to forward test and live trade this system with small lots. If i start work on an EA it wont be too soon.
  • #972
  • Dec 7, 2008 7:45pm Dec 7, 2008 7:45pm
I will email the beta when it is ready, can you PM me with an email address.
  • #973
  • Dec 7, 2008 7:51pm Dec 7, 2008 7:51pm
Quoting syd360
That sounds like a good idea. I will continue to forward test and live trade this system with small lots. If i start work on an EA it wont be too soon.
Thanks for understanding Syd

When you start writing the EA, please take in account that THV requires additional informations about trading conditions like time to trade, TL's, HL's and Fibs on different TF's and at the end Fib pivots.

That all together is very complex but I don't dought about your coding skills.

Add: email is sent
  • #974
  • Dec 7, 2008 8:07pm Dec 7, 2008 8:07pm
Quoting cobraforex
It wasn’t ripe to fall from the tree (why I trade on Friday afternoon?) and I got stuck over the weekend with a short trade.

If I had drawn that crude yellow TL I could avoid that pain in the a..

Well, worst thing that can happen is that I need to give back some pips of the prior fridays bull rally.
Well, at the end I was able to chicken out my late Friday, fast trigger finger trade with 3 pips loss at touch of the DP in early session.

We never stop learning.

Now let’s see what the London session will bring us.
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  • #975
  • Dec 7, 2008 8:15pm Dec 7, 2008 8:15pm
I saw somebody mention v2, where is it? Is it out? Thanks.

Lily
  • #976
  • Dec 7, 2008 8:21pm Dec 7, 2008 8:21pm
Quoting whitelily
I saw somebody mention v2, where is it? Is it out? Thanks.

Lily
Soon
Still under heavy testing
  • #977
  • Dec 7, 2008 8:50pm Dec 7, 2008 8:50pm
Quoting cobraforex
Well, at the end I was able to chicken out my late Friday, fast trigger finger trade with 3 pips loss at touch of the DP in early session...
  • #978
  • Dec 8, 2008 2:15am Dec 8, 2008 2:15am
Just tried my first trade with the new template, +32 on USD/JPY. I was watching the 1min and entered off of a bounce of the hull, when I switched to 5 minute I noticed I could have gotten a much better entry on the trade if I had been trading 5 min TF.

I exited on the 1 min after 32 but looks like it could keep going on 5 and 15m tf.
  • #979
  • Dec 8, 2008 3:33am Dec 8, 2008 3:33am
Part of the problem that I experience with trading is that I don't listen to the charts when they tell me that "CLEARLY YOU ARE IN A LOSING TRADE!" So sometimes I end up waiting, knowing I am going to get stopped out.

I entered on the 1 min, prematurely, again, when it had not broken the trendline and then noticed after I was in the red that, yup, sure enough it is going to other way and I should get out and get back in. So, thankfully I managed to get my money back. Ofcourse, as always, I chickened out 10 pips to soon and did not make any money...

I'll get the hang of it...Close 1/2 position and let the other go...

I should not have taken a counter trend trade without it breaking a trendline...
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 1 min -12 -7.jpg Size: 125 KB
Deprive a man of everything and you give him nothing to lose.
  • #980
  • Dec 8, 2008 3:49am Dec 8, 2008 3:49am
I was seeing divergence in the 5 min and eery other time frame is oversold in RSI and Trix...possible reveral?

By the way...I am not trying to give trading advice here since I am in no position to do that, and you all should be well aware that I am in no position to give trading advice !!! I am trying to get confirmation on divergence and heads up on things that I may have overlooked.

I am waiting to see what happens when the 5 min redtrix crosses to look for a THV confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 5 min -12 -7 possible divergence.jpg Size: 119 KB
Deprive a man of everything and you give him nothing to lose.
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