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THV system, final edition

  • #2,261
  • Jan 14, 2009 8:41am Jan 14, 2009 8:41am
I coded it so every candle that meets the criteria the arrow will pop up. So yes that will mean that sequential candles will get the arrow because those candles continually meet the criteria.

I do not know the conditions that cobra's analyze buy/sell indicator uses plus it give no visual backtest. I'm fairly sure there is a post by cobra himself explaining his lack of coding skills and why the analyze buy/sell can be a bit off when some criteria are miles away from being met.


Should perhaps point out that the EUR/USD trade hit my personal TP of 22 pips from the entry candle price of 1.3162 on 16:05 GMT.
  • #2,262
  • Jan 14, 2009 8:45am Jan 14, 2009 8:45am
Quoting Omniferum
Price has re-tracted to candle entry price and shows signs of continuing.

New candle just formed triggering my alarm, trix was met and all other criteria. Candle no longer meets criteria but alarm was met regardless, arrow keeps repainting.

Arrow now seems stable and defined. Previous candle higher highs and price still showing upwards support.



Your bottom color line is the old hull THV, I don't use that. Up to you if you wish to entertain it.

Still no idea what the dark blue line between the coral and the hull is.
moving ave using it as support/resistance
  • #2,263
  • Jan 14, 2009 8:51am Jan 14, 2009 8:51am
You mean as soon as the price has broken through the cloud/t3? Yes, it's easily done.

As for once per trade direction that may be a tad tricky. Can't think of a way to do it off the top of my head, give me a bit to think about that. If anyone has any ideas feel free to suggest.

The thing is more that the trend direction can head the same way twice still.
  • #2,264
  • Jan 14, 2009 8:55am Jan 14, 2009 8:55am
Quoting Omniferum
You mean as soon as the price has broken through the cloud/t3? Yes, it's easily done.

As for once per trade direction that may be a tad tricky. Can't think of a way to do it off the top of my head, give me a bit to think about that. If anyone has any ideas feel free to suggest.

The thing is more that the trend direction can head the same way twice still.

I will assume that you didn't read my above post:
http://www.forexfactory.com/showpost...postcount=2258
  • #2,265
  • Jan 14, 2009 8:57am Jan 14, 2009 8:57am
Well sed34 you saw my eur/usd analysis in progress. In realtime it hit my TP and if I stayed in would be 32 pips in profit instead which exceeds my next TP bracket for that pair which is 27 pips.

I did not use moving average or hull

Just the Coral, T3, Price Action and minor usage of Trix and the visual pivots.

You saw the trade in action, didn't require much fancy footwork.

If it helps the REAL trick is to treat whatever money you have in your trading account as already gone. It is hard to do but it is just how it has to be done. Heh, I made quite a lot very quickly then lost it thanks to the economic crash and every trade I made was call margined in like 15 seconds. This is what happens when I don't watch the bloody news.

If it helps I lost a lot, we're talking $200,000. The thing is though that I MADE it in the first place, I did it before and I can do it again. Still hurt to lose it all and I can't blame anyone else but myself. I made that money by treating what I had in my account as already gone.
  • #2,266
  • Jan 14, 2009 8:59am Jan 14, 2009 8:59am
Last time I checked this was a community, i'm contributing to the thread and what i'm adding is more common sense or aesthetic changes. Technical changes are easy to implement but predictive things require a creative approach which ANY member could supply me with an idea.

I'm exchanging ideas, hard to hijack a thread i'm trying to support and supply information to. Deviation or otherwise I just provided an analysis of a trade in real time with certain rules so I do not see how you can say I am the one deviating it from THV trading.

Indicator recoded so that as soon as the price breaks through the cloud/t3 it will give an alarm, is perhaps a better time saver of saying "LOOK HERE NOW" instead of waiting for the candle to close as the time wasted could have been spent setting up for the next candle instead of letting pips slip.

Just proving a point, I didn't think of it off the top of my head and I may be stupid for not but I still thank this community for giving an improvement.
Attached File(s)
File Type: ex4 THV.ex4   4 KB | 825 downloads
  • #2,267
  • Jan 14, 2009 9:02am Jan 14, 2009 9:02am
Quoting Omniferum
...I do not know the conditions that cobra's analyze buy/sell indicator uses plus it give no visual backtest. ..
This point's out why anyone seeing posts about Omniferum's indicator should be very hesitant about using it. It needs to be appropriately tested before possible incorporation.

Omniferum, please get with Cobra about your indicator. Once he's done trading, he will find time to work with you on it. Just be patient.
  • #2,268
  • Jan 14, 2009 9:07am Jan 14, 2009 9:07am
The criteria for my indicator you can see for yourself if you add it but I will just re-iterate it here for everyone. You can see it for yourself with the arrows on your screen to SEE that those are the criteria required. The price action is based on the HIGH of a candle for reference sake, so when the high of a candle goes through the cloud it will give alarm.


Long position

T3 above Coral (color of coral not important)
As soon as price goes above T3/Cloud (to analyze setup for next candle)
Trix green above red and green trix above 0

Short position

T3 below Coral (color of coral not important)
As soon as price goes below T3/Cloud (to analyze setup for next candle)
Trix green below red and red trix below 0


If they are the criteria that you find important also then give it a spin, I welcome feedback. Cobra has posted his system up, I rather doubt we aren't intelligent enough to decipher his entry criteria. The only thing i'm unsure on is the trix, I did a real-time trade to test it without trix rule and it worked better with in that instance, even near a support line.
  • #2,269
  • Jan 14, 2009 9:08am Jan 14, 2009 9:08am
Quoting Omniferum
Last time I checked this was a community, i'm contributing to the thread and what i'm adding is more common sense or aesthetic changes. Technical changes are easy to implement but predictive things require a creative approach which ANY member could supply me with an idea....
Please do continue to contribute and make comments. However, Cobra has requested that any potentially new indicators or EA's should go through him first. He is the initiator of this thread and also the master of this system, so I think his request should be respected.
  • #2,270
  • Jan 14, 2009 9:16am Jan 14, 2009 9:16am
Although this was a nice looking setup, divergence has formed. Be careful.

BTW, I have the original hull also on my chart for testing, as we have discussed previously.
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  • #2,271
  • Jan 14, 2009 9:17am Jan 14, 2009 9:17am
Quoting Omniferum
I'm exchanging ideas, hard to hijack a thread i'm trying to support and supply information to. Deviation or otherwise I just provided an analysis of a trade in real time with certain rules so I do not see how you can say I am the one deviating it from THV trading.
Don't get me wrong.
Your input and collaboration is very much appreciated.
But as much as we strive to keep this thread running under THV rules (which might change and evolve, of course, and we are open to all contributions), what we absolutely wouldn't want is for the system to become distorted as almost every thread here in FF will show you, everyone adding its own lines, indicators and whatnots, and this can be especially confusing to NEW traders so we try to avoid those issues.

The main idea is that any improvement or change has to follow certain rules, and have to be reviewed by the development team before being officially added to the system or discussed publicly. Please take the time to read the whole thread and you will find the references, as well as the data you seem to be missing about THV analyze alert conditions.

Note that we haven't asked you to remove the indicator from the thread, everyone is free to test it and it's "up to anyone" to adopt it but it has to be pointed out that until Cobraforex approves its use, it is only an external aid and not a part of THV system.

I am sorry if I offended you in any way, I am just trying to keep this thread under the standards set by its owner, and as part of the development team.
  • #2,272
  • Jan 14, 2009 9:20am Jan 14, 2009 9:20am
You guys are so much more diplomatic than me
  • #2,273
  • Jan 14, 2009 9:21am Jan 14, 2009 9:21am
Sorry, I needed to block Omni from the thread.

All the THV members advised to PM me or wait till I'm back from trading and the discussion kept on.

I see no need for an additional indicator that confirms what we see and only clutter up the chart.

Omni, if you really have to show something that will improve the system contact doblece, she is the tecnical director of the team.

Once the team aproves the indicator we will public it with giving you credit on it.
Thanks

I'm going to extend my trading today, the PA is a gift.
  • #2,274
  • Jan 14, 2009 9:39am Jan 14, 2009 9:39am
BTW: I’m not a dictator but this thread has been one of the most civilized till now and I want to keep it up like that.

The suspension of Omni is only temporal; as soon as he follows the advice of the team members I will unblock him again.

It might be possible that the indicator can be adapted to the system, or may be not, but for that we have the team to prove and decide about any technical question.

Only like that traders can use the system with confidence.
  • #2,275
  • Jan 14, 2009 10:05am Jan 14, 2009 10:05am
ok. here is a trade i'm going to get into using V2 entry rules. when the trix crosses zero i'm going to take it, because it is above the cloud and coral. seems like a retest. i will also look at the m1 for the entry to the 5m

let me know what you think
thanks
Attached Image (click to enlarge)
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  • #2,276
  • Jan 14, 2009 10:10am Jan 14, 2009 10:10am
Quoting sed34
ok. here is a trade i'm going to get into using V2 entry rules. when the trix crosses zero i'm going to take it, because it is above the cloud and coral. seems like a retest. i will also look at the m1 for the entry to the 5m

let me know what you think
thanks
Be careful - there is divergence.
  • #2,277
  • Jan 14, 2009 10:12am Jan 14, 2009 10:12am
Quick question..Sed34 - where are the little arrows on your chart coming from as I didn't see them on the download from page 1...sorry if you already posted it as I'm still going thru this thread. Thx.
  • #2,278
  • Jan 14, 2009 10:51am Jan 14, 2009 10:51am
Quoting ragu
Quick question..Sed34 - where are the little arrows on your chart coming from as I didn't see them on the download from page 1...sorry if you already posted it as I'm still going thru this thread. Thx.
its an indicator i picked up on another board. the one that nuancom posted a while back repaints too much. so i took it off. much too similar to zigzag.

i'm not going to post it, because there seems to be rules in this thread about adding indicators. also there is like 3 main rules for this site. so i don't post anything other than charts.

i'm going to start trading the arrows on the 5 and 15 minute chart with low risk to make my money back, cause it seems like i'm on a losing streak right now following the rules of V2 and V1 on 1 and 5 minute time frames.

also i will hull trade the 15min only. i will only get 2 trades a day per pair following it, but its better. there are 4 pairs that this works on. going over charts it seems very accurate.

maybe when 2.1 or 3 comes out i will move my time frame down good luck everyone
  • #2,279
  • Jan 14, 2009 10:59am Jan 14, 2009 10:59am
Quoting sed34
i'm not going to post it, because there seems to be rules in this thread about adding indicators. also there is like 3 main rules for this site. so i don't post anything other than charts...
You will see on charts from time to time that the trader may have additional indicators on their THV charts. This is fine to use them and even post them on your charts. The thing we want to avoid is someone trying to unilaterally incorporate them into THV. It is also good to make clear when you post that you have a non-THV indicator on your chart. We just want to keep from confusing people that are new to THV.
  • #2,280
  • Jan 14, 2009 11:04am Jan 14, 2009 11:04am
here is a good example of hull. if i traded that i wouldn't be pulling my hair out.
i should note that the blue moving ave, the news indicator and the arrows are not part of the V2 system.
Attached Image (click to enlarge)
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