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THV system, final edition

  • #2,221
  • Jan 14, 2009 3:02am Jan 14, 2009 3:02am
The only alert indicators I can find in the THV V2 is when coral changes color and when trix crosses.

The only one that paints any arrow is the Coral.

My indicator paints an arrow when the above criteria are met which are the VITAL criteria necessary to treat something as a valid signal. You can just use it as visual backtesting.

As i've said, I am not a fan of EA's

Further comments are welcome, i'll be sticking aroudn on teh forum for a while
  • #2,222
  • Jan 14, 2009 3:41am Jan 14, 2009 3:41am
Hi,
I stumbled across this system and it looks very interesting. I totally agree on the EA. I have only 6 months experience in Forex but 8 years in stocks. I discovered in these 6 months that an EA cannot perform as a person. In general new people to forex are sharing the belief that using an EA will take out the fear and orther emotions that can make you cloase early a winning position or close too late a losing one. But the answer to this is discipline and study. Do not enter trades without a reason, study your map, stick to the system rules and above all, money management.

I will try Cobra for a week or so on the demo, then move on the live with micro lots. I will post the results if you are interested.

So far on EURUSD one 20 pips winning and one 50 pips losing trade. The losing trade was left unnatended over night because I had to go to bed, did not reach the TP, had no trailing stop and changed direction hitting the SL. I am still learning how to use the system.

I have a question though. What indicator is giving the arrows I could see on some charts? Thank you.
If you're not part of the solution then you're part of the problem.
  • #2,223
  • Jan 14, 2009 3:44am Jan 14, 2009 3:44am
man, fuck this shit. i might just go back to stocks. 4 losers in a row. doesn't make any sense. even following the rules everytime. don't get it.
  • #2,224
  • Jan 14, 2009 6:32am Jan 14, 2009 6:32am
Comments regarding my indicator would be appreciated, that's more or less what i'm hanging around for so I can tweak it as necessary. Page 148 on this thread if anyone is curious.
  • #2,225
  • Jan 14, 2009 6:45am Jan 14, 2009 6:45am
Quoting Omniferum
Comments regarding my indicator would be appreciated, that's more or less what i'm hanging around for so I can tweak it as necessary. Page 148 on this thread if anyone is curious.
Hi, sorry I did not see your request when browsing earlier. I downloaded your indi but have not tested it yet. Can send you a PM when done.

I don't use the Trix so can't comment on that, but regarding your question about criteria for a long, T3 above Coral, Price above BOTH the cloud and the T3.

Thanks,
Up or down, gimme a ticket
  • #2,226
  • Jan 14, 2009 6:46am Jan 14, 2009 6:46am
Quoting Omniferum
Comments regarding my indicator would be appreciated, that's more or less what i'm hanging around for so I can tweak it as necessary. Page 148 on this thread if anyone is curious.
Please PM Cobraforex about it. He is currently trading so you may have to wait a few hours to hear back from him.
  • #2,227
  • Jan 14, 2009 7:24am Jan 14, 2009 7:24am
Edited to match the revised instructions, arrow now paints when bar opens above/below t3 AND cloud
Attached File(s)
File Type: ex4 THV.ex4   4 KB | 661 downloads
  • #2,228
  • Jan 14, 2009 7:26am Jan 14, 2009 7:26am
Actually is it based on the price or the heiken aishi position opening?
  • #2,229
  • Jan 14, 2009 7:43am Jan 14, 2009 7:43am
Quoting Omniferum
Actually is it based on the price or the heiken aishi position opening?
You know, I usually take action when the price CLOSES above/below the T3, which should be above/below Coral and Cloud. I think that is the safest thing, but you should PM Cobra, as advised by Tradewell. He's our fearless leader and the designer of this system.
Up or down, gimme a ticket
  • #2,230
  • Jan 14, 2009 7:46am Jan 14, 2009 7:46am
The alert is more for you to pay attention, whether you get in on the open or close you still need to pay attention to the opening criteria of a candle
  • #2,231
  • Jan 14, 2009 8:06am Jan 14, 2009 8:06am
Quoting Omniferum
The alert is more for you to pay attention, whether you get in on the open or close you still need to pay attention to the opening criteria of a candle
I think there is a consensus on this: PM Cobra and discuss it in detail. Thanks for the effort!
Deprive a man of everything and you give him nothing to lose.
  • #2,232
  • Jan 14, 2009 8:06am Jan 14, 2009 8:06am
Quoting Omniferum
The alert is more for you to pay attention, whether you get in on the open or close you still need to pay attention to the opening criteria of a candle
The safest entry is CLOSE above/below cloud, coral when T3 is also crossed.
If set at open, evaluation for entry may be a little late.


I will test alert though. Thanks!
  • #2,233
  • Jan 14, 2009 8:16am Jan 14, 2009 8:16am
Doesn't really make any difference, the open of the next candle is the close of the previous candle.

So if you are waiting for the close you are obviously waiting for the open which MUST match the exact criteria as the previous one, in terms of time difference between the two it's non-existent.

Basically my indicator has said that the last candle close met the criteria and you should pay attention to getting in, I wouldn't call it that late as such.

As for the trix do they both have to be 0 and above OR 0.0001 and greater. As i've asked nobody has clarified anything about the trix.
  • #2,234
  • Jan 14, 2009 8:21am Jan 14, 2009 8:21am
Quoting Omniferum
Doesn't really make any difference, the open of the next candle is the close of the previous candle.

So if you are waiting for the close you are obviously waiting for the open which MUST match the exact criteria as the previous one, in terms of time difference between the two it's non-existent.

Basically my indicator has said that the last candle close met the criteria and you should pay attention to getting in, I wouldn't call it that late as such.

As for the trix do they both have to be...
Omniferum:

I do not want to scare you away, but I think everyone is making it clear, you should wait to ask Cobra, Doblece, Traderathome these technical questions as they are the ones that put it together. Like the serious traders that they are, they do not post and trade. Cobra should be in the room shortly and I assure you that he will comment on what you have presented. Just wait a little while longer. You may find that the information that you have received is not the best way to setup your indicator.
Deprive a man of everything and you give him nothing to lose.
  • #2,235
  • Jan 14, 2009 8:22am Jan 14, 2009 8:22am
Quoting Omniferum
Doesn't really make any difference, the open of the next candle is the close of the previous candle.

So if you are waiting for the close you are obviously waiting for the open which MUST match the exact criteria as the previous one, in terms of time difference between the two it's non-existent.

Basically my indicator has said that the last candle close met the criteria and you should pay attention to getting in, I wouldn't call it that late as such.

As for the trix do they both have to be...
Again, you need to talk to Cobra for "the gospel" about what he wants or does not want in an alert. Remember, he already has one alert in THV, so I think you and he will have to decide which is more accurate, or maybe incorporate your better points into his, to avoid redundancy.

Either way, I have loaded your alert into my demo system for curiosity. Would be nice if you'd display the price in your alert message that pops up in the window. Like Cobra's, you show the time, but price would really help for when I've walked away from the computer.

My two cents.
Up or down, gimme a ticket
  • #2,236
  • Jan 14, 2009 8:29am Jan 14, 2009 8:29am
As the alert is triggered at open/close the price displayed would just be the open/close price of the candle so you just need the time for you to know it.
  • #2,237
  • Jan 14, 2009 8:30am Jan 14, 2009 8:30am
Quoting sed34
man, F*** this s***. i might just go back to stocks. 4 losers in a row. doesn't make any sense. even following the rules everytime. don't get it.
Take it easy Sed. I am sure it is absolutely frustrating if you are trading live. When you posted your chart yesterday I did not see any trendlines on the post. I am 100% sure that drawing the trendlines on the 5 min and 1 min will help to identify places where the price may bounce....

I am sorry that you're upset. And I hope you do not think I am out of place...

Here is my 1 min and 5 min with same trendlines...maybe this would help?

Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 7.gif Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 8.gif Size: 33 KB


If this is something that you already do...then this message may have just made you more angry! I hope you could sit back and laugh at it then!
Deprive a man of everything and you give him nothing to lose.
  • #2,238
  • Jan 14, 2009 8:31am Jan 14, 2009 8:31am
As i've said before though the only alert in the THV V2 are with the coral and trix and both those alerts are indicator specific i.e. only when that indicator has met the criteria.

No visual aid for backtesting either.

Unless there is another alert thing i'm missing, I could be.
  • #2,239
  • Jan 14, 2009 8:32am Jan 14, 2009 8:32am
Quoting Omniferum
As i've said before though the only alert in the THV V2 are with the coral and trix and both those alerts are indicator specific i.e. only when that indicator has met the criteria.

No visual aid for backtesting either.

Unless there is another alert thing i'm missing, I could be.
No, you've got it, but still suggest you take it up with Cobra. Probably don't need two good alert indicators, just one REAL GOOD one. Cobra's done more backtesting on THV than anyone, by far.
Up or down, gimme a ticket
  • #2,240
  • Jan 14, 2009 9:19am Jan 14, 2009 9:19am
Quoting cashmeer
Take it easy Sed. I am sure it is absolutely frustrating if you are trading live. When you posted your chart yesterday I did not see any trendlines on the post. I am 100% sure that drawing the trendlines on the 5 min and 1 min will help to identify places where the price may bounce....

I am sorry that you're upset. And I hope you do not think I am out of place...

Here is my 1 min and 5 min with same trendlines...maybe this would help?

Attachment

Attachment

If this is something that you already do...then this message...
i'll see what happens today trading. usually my lines or channels get ignored. i had a great channel showing a clear down trend. only traded short. didn't seem to want to cooperate. Pivots are blown threw too often so i don't really look at them.

I might change my trading style all together and have a 1 pip limit using at least 1000 standard lots. when i took the trades they all made it that far at least.

people are like "trade the euro time" but the pairs move too much to where you need a big stop. I seem to do well in slower markets using this system. you can have tight stops then.

the euro session make the system just line up so you take the trade then the pair turns around and betray you. i had some sleep so we'll see what happens
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