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THV system, final edition

  • #1,981
  • Jan 6, 2009 1:20pm Jan 6, 2009 1:20pm
man, i get more entry signals on the minute chart.

i will try one trade soon.
  • #1,982
  • Jan 6, 2009 2:01pm Jan 6, 2009 2:01pm
Quoting doblece
I can give you this tip to gradually get accustomed to noisy price action... I hadn't discovered this earlier because I never went any further than an hour on the trading simulator (MT4 Strategy Tester - on visual mode, and I use vhandstrade but I guess the other simulator would do the same trick, provided that you can let it run the same way...)

In fact after seeing the positive effects my week-end backtestings have had this monday on my normal TF charts, as to tranquillity, focus especially, and understanding of patterns and price action...
i have to try that out. never thought about it that way. thanks for the tip.
  • #1,983
  • Jan 6, 2009 2:15pm Jan 6, 2009 2:15pm
Quoting doblece
...I have decided that, as a part of my trading discipline, I will do at least one hour daily of trading simulation, and at least 4 hours continued during the week-end so not to lose "the hand"... until it really crystallizes as a second nature in my trading reactions...
This is exactly the problem I had after taking two weeks off. I felt totally out of sync yesterday. I hadn't traded during that time off and almost felt lost when I sat down in the trading room. It's all coming back today but I don't like to lose a day.

I had tried the trading simulator for THV on MT4 but couldn't get it to work. I frankly didn't spend that much time trying to get it functioning. Now I am tempted again to try as I think you have a great thought there - simulate to "stay in shape".

Thanks for the thoughts Doblece.
  • #1,984
  • Jan 6, 2009 2:30pm Jan 6, 2009 2:30pm
just had my first trade on the minute charthad 16 pip profit target.
it succeeded.
  • #1,985
  • Jan 6, 2009 2:33pm Jan 6, 2009 2:33pm
Quoting TradeWell
I had tried the trading simulator for THV on MT4 but couldn't get it to work.
If you're the graphic/visual type of person, vhandstrade is much better as you place the trades by dragging lines to the screen and can also move stops and pending entries that way. It takes a little time to learn it thoroughly and configure it to start with the settings you would like (something I usually forget when changing systems or demo platforms), you have to recompile the default settings so you don't need to change it all over again in a new test.
Also it will depend on the brokers digits... stops, targets and trails need to be added a zero in the main file.

Check it out at the link above (MQL4 site), maybe it will work better for you.
  • #1,986
  • Jan 6, 2009 3:40pm Jan 6, 2009 3:40pm
what are your thoughts on the stop loss needed for the eur/aud on the 1 minute and the 5 minute. Right now i have a 9 to 15 pip spread on that pair until they go back to normal rates. this thing move several hundred pips at a time.

The standard risk doesn't seem to work. you would be stopped out real quick.
  • #1,987
  • Jan 6, 2009 5:04pm Jan 6, 2009 5:04pm
Quoting sed34
what are your thoughts on the stop loss needed for the eur/aud on the 1 minute and the 5 minute. Right now i have a 9 to 15 pip spread on that pair until they go back to normal rates. this thing move several hundred pips at a time.

The standard risk doesn't seem to work. you would be stopped out real quick.
Usually a 2 or 3*ATR (20) of the TF you are following up (for example, M5 for the trend and M1 for entry, you would have to take M5's ATR value) is a quite safe stop (2*max ATR - 3*average ATR) for any pair.

On my platform, EUR/AUD has an ATR range of 4 to 21 on M1 (that would be around 42 pips safer stop, 36 medium risk stop). And 14 to 41 on M5 which would be giving a 82 stop on both cases.

Adding M5 + M1 to have an average would be giving around 60 pips stop to work on those TFs, IMO.
  • #1,988
  • Jan 6, 2009 5:47pm Jan 6, 2009 5:47pm
thanks. will try it.
  • #1,989
  • Jan 6, 2009 7:23pm Jan 6, 2009 7:23pm
Quoting sed34
just had my first trade on the minute charthad 16 pip profit target.
it succeeded.
  • #1,990
  • Jan 6, 2009 9:13pm Jan 6, 2009 9:13pm
Quoting sed34
thanks. will try it.
Anyway, try it on demo first to make sure that the numbers are accurate. Also, remember to adjust your risk management accordingly
  • #1,991
  • Jan 6, 2009 9:39pm Jan 6, 2009 9:39pm
i get a ton of signals on the minute chart.

you know i stayed up last night trying to find a perfect entry on the 5 minute. Time I fall asleep it happened.

current update on 1 min.
5 trades. 1 stopped out. 80% isn't bad.
  • #1,992
  • Jan 6, 2009 9:39pm Jan 6, 2009 9:39pm
Quoting cobraforex
This was a nice H&S trade on EURUSD, all rules met and voila.

So far I'm on +11.10 % P/L this week with a good MM

Cobra,
Thanks for sharing this system. I am trying to set up this system on my platform and have downloaded the required template and indicators listed in post #1. But the problem I have is that The THV Sonics Indicator only shows the green and yellow colors. What did I do incorrectly?
  • #1,993
  • Jan 6, 2009 10:20pm Jan 6, 2009 10:20pm
Quoting showmethetrade
Cobra,
Thanks for sharing this system. I am trying to set up this system on my platform and have downloaded the required template and indicators listed in post #1. But the problem I have is that The THV Sonics Indicator only shows the green and yellow colors. What did I do incorrectly?
Did you paste the sonic slope indicator in your folder?

It is needed to get Sonic to work
Attached File(s)
File Type: mq4 Sonic_Slope.mq4   3 KB | 1,274 downloads
  • #1,994
  • Jan 6, 2009 11:39pm Jan 6, 2009 11:39pm
Been a while since I've visited this forum, and I'm glad I did!

Just got finished with many, many hours of reviewing this thread, and I must say that I haven't been so excited to begin testing a new system in a very long time.

Great work all!

I know ahead of time that I'm going to have to fight the strong urge to trade a live account too early!

Thanks.
  • #1,995
  • Jan 7, 2009 9:27am Jan 7, 2009 9:27am
I have been tracking this thread for a few days now and have just started trading it on a demo account, i am very impressed with the results i have had so far.

Thank you for your generous gift with this system.
  • #1,996
  • Jan 7, 2009 10:49am Jan 7, 2009 10:49am
Today I made a big mistake that shouldn’t happen, but we all are human and full with mistakes.

I had in mind that the NFP news will come up 30 min later than it was released and got stopped out in a short trade with 40 pips. I got it back on the retrace but anyhow it hurts.

This isn’t necessary; there exist an indicator that gives alert minutes before.

I’m posting it here that the ones that have a peanut head like I do, get reminded on those events.
Attached File(s)
File Type: mq4 FFCal.mq4   47 KB | 998 downloads
  • #1,997
  • Jan 7, 2009 11:04am Jan 7, 2009 11:04am
Wonderful day for the GBP, unfortunaely it happend around 4:00 AM EST.

everyday I am falling more in love with the snake, once it catches a long trend on 5M charts, it is a beautiful site.

But most of the time the market is in a short range trend.
I have been thinking about a risky strategy, but I think it will be great in a trending market.

I would like to have a script to open up 2 trades simultaneously.
BUY Market TP +20 pips SL -20 pips
SELL Market TP -20 pips SL +20 pips

Once I get into this trade, I hope I can manage the trade.

Can someone please help me with this script.

mucho gracias.
LOVE THY SNAKE
WANT WHAT THE MARKET WANTS...
  • #1,998
  • Jan 7, 2009 11:05am Jan 7, 2009 11:05am
Quoting doblece
If you're the graphic/visual type of person, vhandstrade is much better as you place the trades by dragging lines to the screen and can also move stops and pending entries that way. It takes a little time to learn it thoroughly and configure it to start with the settings you would like (something I usually forget when changing systems or demo platforms), you have to recompile the default settings so you don't need to change it all over again in a new test.
Also it will depend on the brokers digits... stops, targets and trails need to be added a...
I didn't find the link. I also could not find it searching the web. Can you post it again?
  • #1,999
  • Jan 7, 2009 11:17am Jan 7, 2009 11:17am
Quoting cobraforex
Today I made a big mistake that shouldn’t happen, but we all are human and full with mistakes.

I had in mind that the NFP news will come up 30 min later than it was released and got stopped out in a short trade with 40 pips. I got it back on the retrace but anyhow it hurts.

This isn’t necessary; there exist an indicator that gives alert minutes before.

I’m posting it here that the ones that have a peanut head like I do, get reminded on those events....
Sorry to hear Cobra. Now Ecuador economy will falter? I myself have done absolutely stupid things. It again becomes a learning experience.
  • #2,000
  • Jan 7, 2009 11:24am Jan 7, 2009 11:24am
Quoting TradeWell
Sorry to hear Cobra. Now Ecuador economy will falter? I myself have done absolutely stupid things. It again becomes a learning experience.
The Financial Minister is very happy with my results, last number is this week and we didn't close it yet, first week was only friday that I took 3 trades
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