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THV system, final edition

  • #2,921
  • Jan 22, 2009 10:26am Jan 22, 2009 10:26am
Quoting sed34
i'm experimenting with a new filter. i want 100% wins. i only go long when it says so and vice versa.(all other conditions met). even if the coral and the hull says different.

will see how it goes.
I want 100% wins too but it just isn't going to happen. However, I don't want to discourage you from trying to get as close as possible to 100%. Just don't be disappointed when it doesn't happen.
  • #2,922
  • Jan 22, 2009 10:27am Jan 22, 2009 10:27am
Quoting ragu
Ahh...ok..so when Red Trix is above zero line on the 5M chart - we take all crosses above Hull_replace on 1M chart and visa versa for short positions...light bulb ...thanks Cobra.
Not exactly, when I say the trend of the red (the faster one) on 5m I mean the direction (color), it's not really needed to be above or below the zero line.

I would not take a 1M scalp trade against the trend direction or color in this case against the 5M.

I highlighted the respective zones in this example.

Please note to all of you, we are talking about scalping, not real THV trading !!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 1a5.gif Size: 35 KB
  • #2,923
  • Edited 10:44am Jan 22, 2009 10:33am | Edited 10:44am
Quoting sed34
i'm experimenting with a new filter. i want 100% wins. i only go long when it says so and vice versa.(all other conditions met). even if the coral and the hull says different.

will see how it goes.
if you get a steady result over years with 80% hit rate contact me I pay you what you want for the system.

No offend but 100% is a holy grail and that doesn't and will not exist

I was observing my stats now, I have 6,8 positive trades of ten, about 68% a good result with proper MM.
  • #2,924
  • Jan 22, 2009 10:38am Jan 22, 2009 10:38am
Quoting fxjohnster
Hi Cobra and peeps.
I was wondering if anybody had any experience with the THV on the indicies ?
Hi John and welcome...
JMHO, ok? I've been trading the index guys for some time now and the goal has always been around 6 points for the SnP and 3 points for the Russell. That's 24 tic's in the SnP and 30 tic's for the Russell. It's all about the $ thing at days end. Keeping the same $ amount I have a daily goal of 30 pips using THV. So, the number of tic's (pip's here) needed are about the same but for me it's much easier to achive than the amount of tic's with the index guys. I only trade the E/U and after a few weeks practice I have been able to achive my goal...providing I devote the time and stay on track...also it seems that there is not nearly as much stress with the forex as the index markets...for me anyway. Appears that the forex mini trends are smoother and last a bit longer. I find myself taking a lot less of the index trades and spending a bit more time trading the forex.
Give THV a test drive and see what you think.
Listen to the whispers.... You may learn something
  • #2,925
  • Jan 22, 2009 10:39am Jan 22, 2009 10:39am
how can you tell if a pair has good momentum>
  • #2,926
  • Jan 22, 2009 10:41am Jan 22, 2009 10:41am
Quoting cobraforex
Not exactly, when I say the trend of the red (the faster one) on 5m I mean the direction (color), it's not really needed to be above or below the zero line.

I would not take a 1M scalp trade against the trend direction or color in this case against the 5M.

I highlighted the respective zones in this example.

Ok..so really it's the direction of the faster red Trix line on the 5M...even though it might be below the zero line, if it is in an upward trend, then we could take the long signal on the 1M chart. For some reason I was thinking the green trix line on the 5M was the faster one..? I must of had it backwards..Thx..
  • #2,927
  • Jan 22, 2009 10:44am Jan 22, 2009 10:44am
Quoting cobraforex
if you get a steady result over years with 80% hit rate contact me I pay you what you want for the system.

No offend but 100% is a holy grail and that doesn't and will not exist
i can dream though
  • #2,928
  • Jan 22, 2009 10:46am Jan 22, 2009 10:46am
Isn't this the same range we were stuck in yesterday?
Deprive a man of everything and you give him nothing to lose.
  • #2,929
  • Jan 22, 2009 10:48am Jan 22, 2009 10:48am
2 losses. 1 win. need one more to break even. i'm too afraid to hit the button
  • #2,930
  • Jan 22, 2009 10:49am Jan 22, 2009 10:49am
Quoting cobraforex
Not exactly, when I say the trend of the red (the faster one) on 5m I mean the direction (color),
Cobra...perhaps you could adjust the colors a bit on your upside/downside trix guys. Say slow trix red/green and fast trix blue/orange. JMHO of course, it looks confusing to me to see two inidi's with the same color in the same window.

Edit...GREAT looking mod on the trix. Think this is going to make things even more visual.
Listen to the whispers.... You may learn something
  • #2,931
  • Jan 22, 2009 10:50am Jan 22, 2009 10:50am
Quoting ragu
Ok..so really it's the direction of the faster red Trix line on the 5M...even though it might be below the zero line, if it is in an upward trend, then we could take the long signal on the 1M chart. For some reason I was thinking the green trix line on the 5M was the faster one..? I must of had it backwards..Thx..
Ragu, you are right, I'm confusing me with the new trix, in your chart it is the slower, sorry, to many stuff to think about.

The new trix has other settings, the actual fast T3 is eliminated.
  • #2,932
  • Jan 22, 2009 10:54am Jan 22, 2009 10:54am
Quoting Baqtrader
Hi cashmeer,

Do you have the indicators that draws the trend lines?

Thanks
Try this
Attached File(s)
File Type: mq4 TrendLines.mq4   5 KB | 885 downloads
  • #2,933
  • Jan 22, 2009 11:02am Jan 22, 2009 11:02am
Quoting cobraforex
Ragu, you are right, I'm confusing me with the new trix, in your chart it is the slower, sorry, to many stuff to think about.

The new trix has other settings, the actual fast T3 is eliminated.

Not a problem..I'm sure you have alot on your plate and I thank you for your generosity & quick responses during the trading day. Your feedback has been immensely helpful as my style is geared towards the quick 10-30pip scalp in and out of the market. I will keep an eye on the slower (red) trix on my 5M chart for direction on my 1M trades. Just caught 16 pips on the move up on the 1M. Thx.
  • #2,934
  • Jan 22, 2009 11:17am Jan 22, 2009 11:17am
In THV 2 (the one we should all be using), the red trix is slow and the green trix is leading (faster)...
Deprive a man of everything and you give him nothing to lose.
  • #2,935
  • Jan 22, 2009 11:23am Jan 22, 2009 11:23am
Quoting cobraforex
if you get a steady result over years with 80% hit rate contact me I pay you what you want for the system.

No offend but 100% is a holy grail and that doesn't and will not exist

I was observing my stats now, I have 6,8 positive trades of ten, about 68% a good result with proper MM.
I have another trader friend who has traded for 2 years and gets 2 out of 3 successful trades. So it sounds like that is about normal and what anyone should aim for.
  • #2,936
  • Jan 22, 2009 11:25am Jan 22, 2009 11:25am
have you guys tried the m2 chart?
  • #2,937
  • Jan 22, 2009 11:26am Jan 22, 2009 11:26am
Double Top Eur/USD
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,938
  • Jan 22, 2009 11:27am Jan 22, 2009 11:27am
much cleaner
  • #2,939
  • Jan 22, 2009 11:33am Jan 22, 2009 11:33am
Quoting sed34
have you guys tried the m2 chart?
I did tried it, but was not able to setup the THV indicators properly... Nothing came clear, planning to try it again.
  • #2,940
  • Jan 22, 2009 11:33am Jan 22, 2009 11:33am
Quoting TradeWell
I have another trader friend who has traded for 2 years and gets 2 out of 3 successful trades. So it sounds like that is about normal and what anyone should aim for.
Just do the math on that number . . .

Let's assume you only take 3 trades per day, 2 winners, 1 loser;

Let's further assume that you are risking 3% per trade with a 1:1 risk:reward;

That means you would be earning 3% per day, 15% per week, 60% per month!

Most people could easily live on that, even with a small account!

I would take those results in a heartbeat. I don't need anything close to 100% winners.

Doc

PS - sorry to keep this thread off track on this topic, but I think it's critical to have realistic expectations, and to understand the "math" of successful trading. I know a guy who makes a living trading with about a 40% win rate, but a risk:reward of about 1:4. There are a lot of ways to skin this cat, and 100% wins is not the only way
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