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THV system, final edition

  • #1,621
  • Dec 24, 2008 1:30pm Dec 24, 2008 1:30pm
hey cobra merry christmas love system question i have 2 accts one with fxdd another with interbank the fxdd stopped at 1.3993 interbank still going at 1.3980 is there still some market open ?
  • #1,622
  • Dec 24, 2008 1:46pm Dec 24, 2008 1:46pm
Quoting Pipin8easy
hey cobra merry christmas love system question i have 2 accts one with fxdd another with interbank the fxdd stopped at 1.3993 interbank still going at 1.3980 is there still some market open ?
The Forex market is always open, only our brokers close for certain time on weekends and hollidays.
  • #1,623
  • Dec 24, 2008 6:24pm Dec 24, 2008 6:24pm
Well, I'm not very good with numbers, so I hope some of you guys can help me with this

let's say I trade THV system and at the end of the month I had 65~70% winners, usually 2 to 5 trade a day, risking 1 to 3% max on each trade.

Is there a formula I can use to calculate an expected average return? on a daily/weekly/monthly basis?

Not sure if I made myself clear on this...

thanks
  • #1,624
  • Dec 24, 2008 7:06pm Dec 24, 2008 7:06pm
Quoting Jack Herer
Well, I'm not very good with numbers, so I hope some of you guys can help me with this

let's say I trade THV system and at the end of the month I had 65~70% winners, usually 2 to 5 trade a day, risking 1 to 3% max on each trade.

Is there a formula I can use to calculate an expected average return? on a daily/weekly/monthly basis?

Not sure if I made myself clear on this...

thanks
Assuming a R/R of 1:1 (SL = TP) and average 2% risk (thus reward) and 3 trades a day, 70% winners, expected average return would be around
2,4% daily / 12% weekly / 48% monthly...

Formula is simple: number of trades * % reward * % winners - % losers, in this case:

3 * 2% = 6% daily * 70% = 4.2% minus 30% losers (1.8%) = 2.4% daily
weekly = daily * 5
monthly = daily * 20 in average

Of course this will vary according to the final average number of trades and percentage of risk taken.
  • #1,625
  • Dec 24, 2008 7:28pm Dec 24, 2008 7:28pm
Quoting doblece
Assuming a R/R of 1:1 (SL = TP) and average 2% risk (thus reward) and 3 trades a day, 70% winners, expected average return would be around
2,4% daily / 12% weekly / 48% monthly...

Formula is simple: number of trades * % reward * % winners - % losers, in this case:

3 * 2% = 6% daily * 70% = 4.2% minus 30% losers (1.8%) = 2.4% daily
weekly = daily * 5
monthly = daily * 20 in average

Of course this will vary according to the final average number of trades and percentage of risk taken.
thank you so much doblece!

I could not find this explanation anywhere...

merry christmas! =D
  • #1,626
  • Dec 26, 2008 4:03am Dec 26, 2008 4:03am
Been trading demo account with the thv system and I must say it is soooo crazy . It helps u know when to enter and when to exit. I have 1 question though, is there any way to determine how long or short the market is gonna go before entering a trade?

Also the V2 i downloaded didnt work, then read somewhere that it would be improved upon, was just wondering when we'll get the new version....really cant wait.

Thanx again.
  • #1,627
  • Dec 26, 2008 9:15am Dec 26, 2008 9:15am
Quoting Ebele
Been trading demo account with the thv system and I must say it is soooo crazy . It helps u know when to enter and when to exit. I have 1 question though, is there any way to determine how long or short the market is gonna go before entering a trade?

Also the V2 i downloaded didnt work, then read somewhere that it would be improved upon, was just wondering when we'll get the new version....really cant wait.

Thanx again.
I don’t plan to release a V3 version for the moment; it is very difficult to improve something that works well. If there will be improvements they will be of cosmetic nature.

If you have any problems to load the V2 template you need to update your MT4 platform to the latest V220 version.

You can’t determinate the market moves, the market does what it wants not what we imagine, you may look at important R&S levels to set your TP.
  • #1,628
  • Dec 26, 2008 9:36am Dec 26, 2008 9:36am
Quoting cobraforex
I don’t plan to release a V3 version for the moment; it is very difficult to improve something that works well. If there will be improvements they will be of cosmetic nature.

If you have any problems to load the V2 template you need to update your MT4 platform to the latest V220 version.

You can’t determinate the market moves, the market does what it wants not what we imagine, you may look at important R&S levels to set your TP.
Is this system already have EA?
if so someone please direct it to me
  • #1,629
  • Dec 26, 2008 9:43am Dec 26, 2008 9:43am
Quoting B@by trader
Is this system already have EA?
if so someone please direct it to me
No, we are not too much interested in an EA and I don’t want to mix a manual trade system with automatic trading in this thread.

Everybody who is interested to elaborate an EA may contact me and once we (the THV team) see that it is worth to do so, we will open and support a special thread for automatic THV trading.

Till now I didn’t get any response on that.
Happy trading.
  • #1,630
  • Dec 26, 2008 9:55am Dec 26, 2008 9:55am
Quoting cobraforex
No, we are not too much interested in an EA and I don’t want to mix a manual trade system with automatic trading in this thread.

Everybody who is interested to elaborate an EA may contact me and once we (the THV team) see that it is worth to do so, we will open and support a special thread for automatic THV trading.

Till now I didn’t get any response on that.
Happy trading.
PMed you
Hope to get reply
Happy pips
  • #1,631
  • Dec 26, 2008 10:17am Dec 26, 2008 10:17am
Quoting B@by trader
PMed you
Hope to get reply
Happy pips
I already replied on your PM.
here a copy:

"We can help with the Mq4 files and more, the rules are all clear in the manual.

It would be necessary that you sign an agreement that declares that the copyrights will be at Cobraforex and you and it will be given only for free.

I'm not interested in any commercial propose, we are here to share a profitable system.

We had on manual back tests, following strictly the rules a monthly P/L of about 40% and more."

I think it is in your interest, like I understood your PM.
Thanks
  • #1,632
  • Dec 26, 2008 2:16pm Dec 26, 2008 2:16pm
first thanks for this hard work
could eny one post the latest version of thv matrix

thanks again
  • #1,633
  • Dec 26, 2008 2:42pm Dec 26, 2008 2:42pm
Quoting bobafia
...post the latest version of thv matrix
Please refer to first post on the thread. There are zip files to download and a pdf manual with all rules.

Good trading!
  • #1,634
  • Dec 26, 2008 3:50pm Dec 26, 2008 3:50pm
Hi ... whats the sonic slope for ?
  • #1,635
  • Dec 26, 2008 5:51pm Dec 26, 2008 5:51pm
Quoting cfp85
Hi ... whats the sonic slope for ?
It is an indicator which can serve as an alert to check for Trix cross.
  • #1,636
  • Dec 26, 2008 6:16pm Dec 26, 2008 6:16pm
Quoting cobraforex
I already replied on your PM.
here a copy:

"We can help with the Mq4 files and more, the rules are all clear in the manual.

It would be necessary that you sign an agreement that declares that the copyrights will be at Cobraforex and you and it will be given only for free.

I'm not interested in any commercial propose, we are here to share a profitable system.

[color=darkgreen][color=black][color=darkgreen]We...
Hi cobra, by P/L (profit/loss) you mean monthly average return?

How much do you risk in a trade? 2% max? I'm still experimenting 1 to 3%, trying to find the best return depending on the average amount of trades I make on a given period of time.

  • #1,637
  • Dec 26, 2008 11:48pm Dec 26, 2008 11:48pm
I like your system and also the post#75 !!!!

Thanks,
Raul

Quoting cobraforex
This is the typical newbee career, I and most others have done so (At least in parts) and many others will do so in the future. I never blowed an account because I filled it on time, lol.

The beginner time
Starting with a demo and buying when price goes up and selling when it’s going down. Everything fine that’s the way to do it, having monopoly money profit and opening a live account. I will be a Forex millionaire and I’m ready to make that pips.

The indicator time
Chart full of indicators, poor...
  • #1,638
  • Dec 27, 2008 12:42am Dec 27, 2008 12:42am
Quoting cobraforex
I already replied on your PM.
here a copy:

"We can help with the Mq4 files and more, the rules are all clear in the manual.

It would be necessary that you sign an agreement that declares that the copyrights will be at Cobraforex and you and it will be given only for free.

I'm not interested in any commercial propose, we are here to share a profitable system.

[color=darkgreen][color=black][color=darkgreen]We...
Absolutely
  • #1,639
  • Dec 27, 2008 2:08am Dec 27, 2008 2:08am
What kind of money management can we aply to the sistem?
I´m refearing to the size of the positions. For example a maximum of 2% per trade but there should be moments were you have to risk more or less because the risk of the trade?
  • #1,640
  • Dec 27, 2008 5:54am Dec 27, 2008 5:54am
Quoting slait73
What kind of money management can we aply to the sistem?
I´m refearing to the size of the positions. For example a maximum of 2% per trade but there should be moments were you have to risk more or less because the risk of the trade?
There's a difference between "risk" and "size".
A 2% risk will always remain the same, however if you need that 2% to represent more width in pips, the positions will have to be of a smaller size.

Maximum 2% risk per trade only refers to the amount you are willing to lose if the trade goes wrong.

For example: on a $5000 account, 2% is $100 = 100 pips at 0.1 lots, 50 pips at 0.2 lots, 20 pips at 0.5 lots, and 10 pips for a full lot.
In any of those cases, you will always be risking $100, but you will have more or less room for the trade to evolve depending on the position size chosen, which will also depend on the timeframe being traded.
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