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THV system, final edition

  • #1,861
  • Jan 2, 2009 10:14am Jan 2, 2009 10:14am
Quoting karun
I am little confused on using 1 min and 5 min charts together
.....
So, is this an invalid setup on 5 min , but a valid setup on 1 min? or in this case you take the entry based on 1 min chart...
The "Analyze" signals are only that. Human intervention is needed to identify what you did, which is a "no trade" because the rules have not been met. The signal is not perfect and cannot currently send a signal based on all the rules.

Also, as you mentioned, a trade could be taken on the 1M if you were trading that chart only. This is not recommended for anyone except the very most experienced traders. The 1M can give too many false signals and change too rapidly so you have to be able to understand the PA to be successful.

The best trades are the ones where everything comes together nicely, per the rules AND taking into account TL's, S&R, fibs etc. Those are the trades to be looking for.
  • #1,862
  • Jan 2, 2009 10:03pm Jan 2, 2009 10:03pm
Here's my chart.
Ive marked where I took the trade..
2 questions:

1. Was I correct in buying at that point?
2. When do I actually sell? If i wait for candle color to change I would have sold at arnd 1.3914, but the price went uptil 1.3966 (arnd 50 more pips)... How and when exactly to confidently exit?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: question.gif Size: 29 KB
  • #1,863
  • Jan 2, 2009 10:32pm Jan 2, 2009 10:32pm
Quoting forexhero
Here's my chart.
Ive marked where I took the trade..
2 questions:

1. Was I correct in buying at that point?
2. When do I actually sell? If i wait for candle color to change I would have sold at arnd 1.3914, but the price went uptil 1.3966 (arnd 50 more pips)... How and when exactly to confidently exit?

Thanks
The trade was valid, but the worm showed overbought conditions. In this case it worked, but sometimes at that extreme level there would have been a retracement.

As far as when to sell that is your own decision. You could have sold when the bar changed or the trix crossed or when the price hits the cloud, etc. There are so many ways to exit. Its up to you. don't get too greedy.
  • #1,864
  • Jan 2, 2009 11:30pm Jan 2, 2009 11:30pm
Greetings Cobra,

Thanks for sharing yet another piece of the puzzle on the road to successful trading. I appreciate your generosity, patience and the dedication of you and your team to this thread. Thank you.

You have spoken many times about the importance of the long term view of the market. Trading on the 5 minute tf has less stress in terms of drawdown and, for me at least, is less worrisome when I make the wrong decision. Even though I trade demo, I keep thinking, "How would I be able to handle the drawdown when the price moves against me this far trading real money?"

I would like to share my map of the market for this currency pair for your consideration. The daily seems a long way from the 5 minute chart and maybe not all that relevant to intraday trading, but it has helped me since I have been using your THV V2 on the 5 min chart, and maybe someone else may benefit.

Sorry for the lengthy post and thanks.

I hope this is not outside what you wish to be considered on this thread.

I have included the template in case anyone wishes to drop it on a chart and scroll about.

Regards and best wishes for 2009.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 23 KB
Click to Enlarge Name: cobra thv2.gif Size: 34 KB
Attached File(s)
File Type: tpl ##1 eurusd daily sr.tpl   8 KB | 700 downloads
  • #1,865
  • Jan 3, 2009 9:31pm Jan 3, 2009 9:31pm
Cobra,
Thanks for your wonderful system.
I have been working with you system from day one and found it very useful
meanwhile. I was also working on having better filters and found hull thv with a setting of 89 and 4 worked very nicely. Not to trade when it is yellow. Can you also check this out.

venky
Attached Image
  • #1,866
  • Jan 3, 2009 10:13pm Jan 3, 2009 10:13pm
^^^^^^nice. Have to check it out.
  • #1,867
  • Jan 4, 2009 12:43am Jan 4, 2009 12:43am
Quoting rvenky
Cobra,
Thanks for your wonderful system.
I have been working with you system from day one and found it very useful
meanwhile. I was also working on having better filters and found hull thv with a setting of 89 and 4 worked very nicely. Not to trade when it is yellow. Can you also check this out.

venky

hi venky..can you please be more specify ?? many thanks.
  • #1,868
  • Jan 4, 2009 1:59am Jan 4, 2009 1:59am
Add the hull thv that was used THV Version 1
change the settings as shown in the image.
Buy only when the hull thv is green. Sell when it is red and do not trade when it is yellow. I checked using the Simulator on days which were very bad like 10th of June etc and worked out very well.

You can check it out but I would really like Cobra to decide on this.
Attached Image (click to enlarge)
Click to Enlarge Name: filter1.JPG Size: 48 KB
  • #1,869
  • Jan 4, 2009 6:42am Jan 4, 2009 6:42am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting rvenky
Add the hull thv that was used THV Version 1
change the settings as shown in the image.
Buy only when the hull thv is green. Sell when it is red and do not trade when it is yellow. I checked using the Simulator on days which were very bad like 10th of June etc and worked out very well.

You can check it out but I would really like Cobra to decide on this.
would you plz post the indicator? Thx
  • #1,870
  • Jan 4, 2009 7:04am Jan 4, 2009 7:04am
Quoting rvenky
I was also working on having better filters and found hull thv with a setting of 89 and 4 worked very nicely. Not to trade when it is yellow. Can you also check this out.
venky
Hi Rvenky

Thanks for your observation.

You can work with the THV hull, there is nothing bad with it.

Only issue, and that was why we replaced the hull, was that it has very high CPU usage and the code is pretty small, really no big reason to eat the CPU

I’m working actually on another trend filter from Damiani but that would mean that we have another indicator window on the chart. I want to avoid that and have it hidden.

We will work soon on the EA with B@byTrader and some things will be easier than.
The idea is to have the EA filtering trades and give a signal that can be traded automatically or manual pushing the button by the trader once he analyzed the circumstances by himself.

All this needs to be back and forward tested and will take it’s time.
  • #1,871
  • Edited 7:21am Jan 4, 2009 7:11am | Edited 7:21am
Quoting onu
would you plz post the indicator? Thx
Here you go

May be someone with good knowledge of coding can check why it use so much CPU.

It needs to be said that the setting 89 - 4 that Rvenky suggest is for 6 digit brokers, for 5 digit brokers like ODL it would be 0.4 !!!

I didn't test those settings yet so please try it by your own.
Attached File(s)
File Type: mq4 THV hull.mq4   2 KB | 1,210 downloads
  • #1,872
  • Jan 4, 2009 8:17am Jan 4, 2009 8:17am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting cobraforex
Hi Rvenky

Thanks for your observation.

You can work with the THV hull, there is nothing bad with it.

Only issue, and that was why we replaced the hull, was that it has very high CPU usage and the code is pretty small, really no big reason to eat the CPU

I’m working actually on another trend filter from Damiani but that would mean that we have another indicator window on the chart. I want to avoid that and have it hidden.

[font=Arial]We will...

to get an EA for THV system is the best news 2009 so far To get rid of emotions when it comes to trigger a trade is for me the most important motivation to trade (successfully) with an EA. If you need a beta foreward tester drop me a line I ll run it 24/5 on my VDS .
  • #1,873
  • Jan 4, 2009 8:33am Jan 4, 2009 8:33am
Quoting onu
to get an EA for THV system is the best news 2009 so far To get rid of emotions when it comes to trigger a trade is for me the most important motivation to trade (successfully) with an EA. If you need a beta foreward tester drop me a line I ll run it 24/5 on my VDS .
You'll be the first beside of the team members

We will open a new thread for the EA once it is done, so we don't mix manual and automatic trading.
  • #1,874
  • Jan 4, 2009 9:03am Jan 4, 2009 9:03am
Cobra,

Happy new year.

I discovered your system recently and I love the simplicity of your idea.

I will post my results within couple of weeks.

Looking forward to your EA.
WANT WHAT THE MARKET WANTS...
  • #1,875
  • Jan 4, 2009 9:17am Jan 4, 2009 9:17am
Quoting countex
Cobra,

Happy new year.

I discovered your system recently and I love the simplicity of your idea.

I will post my results within couple of weeks.

Looking forward to your EA.
[color=black]B@byTraderWell, it's not exactly my EA, the work and the credit to it will be to .[/color]

[color=black]BabytraderIt is cooperation between the THV Team (back and forward tests) and (Coding).[/color]
  • #1,876
  • Jan 4, 2009 9:22am Jan 4, 2009 9:22am
Quoting cobraforex
May be someone with good knowledge of coding can check why it use so much CPU.
It uses a lot of CPU on FxPro (or any other) which has variable spreads because of all the recalculations needed. Before my broker changed from fixed (proportional, that is, where Bid and Ask are at the same distance in pips almost all the time) to variable where it can be changing almost every tick (like 0.5, 0.6, then 1.2, then back to 0.6, then 2.0, etc...) at that time the CPU usage went over the board. I have been using it for testing purposes on a demo from another broker and it isn 't as heavy.

On the other hand, I am testing (backtesting) 4.0 setting on M30 on a 5 digit broker, will let you know the results if valuable.
  • #1,877
  • Edited 11:38am Jan 4, 2009 9:29am | Edited 11:38am
Quoting doblece
It uses a lot of CPU on FxPro (or any other) which has variable spreads because of all the recalculations needed. Before my broker changed from fixed (proportional, that is, where Bid and Ask are at the same distance in pips almost all the time) to variable where it can be changing almost every tick (like 0.5, 0.6, then 1.2, then back to 0.6, then 2.0, etc...) at that time the CPU usage went over the board. I have been using it for testing purposes on a demo from another broker and it isn 't as heavy.

On the other hand, I am testing (backtesting)...
Thanks Doblece
I was reading almost all forums available about HMA but couldn't find any better hull than the one that we used.
I tried to get hold of Codersguru to modd the new hull, getting the yellow part extended when PA is flat but he's not any longer here in FF, I'll try it through the TSD forum.
  • #1,878
  • Jan 4, 2009 9:43am Jan 4, 2009 9:43am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
[quote=cobraforex;2447422]You'll be the first beside of the team members

WAOW, news are getting better and better Thx a lot!
  • #1,879
  • Jan 4, 2009 2:01pm Jan 4, 2009 2:01pm
hey nice system you got Cobra!! I am new to Forex. just came from trading futures and really like your system. The only problem I have been having it, I just downloaded MetaTrader 4 and I have no recent data for some reason like my charts just end on the 1st of Jan this year. I really wanted to demo this system tomorrow. Does anybody have an idea of what is wrong?
Thanks everyone.
Happy trading tomorrow to everyone!
  • #1,880
  • Jan 4, 2009 2:31pm Jan 4, 2009 2:31pm
Quoting arubin
hey nice system you got Cobra!! I am new to Forex. just came from trading futures and really like your system. The only problem I have been having it, I just downloaded MetaTrader 4 and I have no recent data for some reason like my charts just end on the 1st of Jan this year. I really wanted to demo this system tomorrow. Does anybody have an idea of what is wrong?
Thanks everyone.
Happy trading tomorrow to everyone!
Only wait till your broker opens and you'll be fine, now you don't have data feed because the brokers server don't work.
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