THV system, final edition | Page 159 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #3,161
  • Jan 26, 2009 12:22pm Jan 26, 2009 12:22pm
Hi everybody

I hope you all got your pips today, it was a great session with huge opportunities.

I was working with Zen at night on a new Market hour indicator that will show us on the left upper corner of the screen a label with count down to session close.

Zen did a great work, the indicator is calibrated to GMT 0 and you only need to adjust it in the properties to set your brokers time GMT -3 for example.

It comes also with an alarm some minutes before to be warned that here could be some profit taking (important for scalpers).

What I want to add is a typical sound file for each session opening.

For the London session I choused the Big Ben sound and I want to ask you all to suggest a sound for Asia, Australia and NY.

I need those sound files in format WAV if you have any.

Thanks in advance for your help.

BTW: this indicator will come with the new THV V2.1 package
Attached Image
  • #3,162
  • Jan 26, 2009 12:37pm Jan 26, 2009 12:37pm
Quoting cashmeer
Scrutch:
I think you are right, I should have brought the S/L above the entry...I am still figuring out the best way to manage my trades...
Cash,
See you removed the question about the bottom quote so you must understand it now. I'm very tight with my pips when they belong to me, I'm not going to give them up easily...therefore at my first cash I'm moving everything else into the PZ, not by much but worst case (barring a big news event) I'm going to come out with the first cash and BE or a pip or two on everything else.
Quote
Originally Posted by Scrutch http://www.forexfactory.com/images/buttons/viewpost.gif
I would never take one (or more) lots off at 18p's and leave my SL on the remaing lots at a loss.

Quoting cashmeer
ADD: Do you use trailing stops or move up manually, how much breathing room would you give yourself on the 1 min and 5 min with a trailing stop so that you do not get stopped out prematurely?
There are so many differnt ways to us SL's that I can't explain them all here. Some of them have been discussed on this thread (doblece ?)...ATR, fixed stop above/below the high/low (this method can be used with the HH2~7/LL2~7 (HighestHigh/LowestLow~n bars ago) as well. Trend lines...moving average...etc.
Pivot H/L...this gives the most room for error but is pricy. Wait until you have a one or two (some use a three or four) bar pivot and place the stop above/below the pivot. The pivot stop leaves the *most* money on the table if you get stopped out.
I use both manual and auto stops (I'm trying to get a coder to do one for me now). I use a bit of a different approach than what I've discussed here and have a meeting shortly, if I get time I'll PM you...don't want to hog the band width here.

I'm still trying to get my head around MetaTrader charting but one trick I've found...if you left click on your closed order and drag it onto your chart it shows the entry and exit points.
Listen to the whispers.... You may learn something
  • #3,163
  • Jan 26, 2009 12:44pm Jan 26, 2009 12:44pm
Potential H&S on M5?
  • #3,164
  • Jan 26, 2009 12:59pm Jan 26, 2009 12:59pm
Quoting Scrutch
.....I'm very tight with my pips when they belong to me, I'm not going to give them up easily...therefore at my first cash I'm moving everything else into the PZ, ...
I'm with you on that. As soon as the expected move starts to happen, I am on the lookout to TP. For instance, if it's a big jump, I may TP 1/2 quickly because after a quick jump there is usually a quick retraction. In any case once I am in maybe 10 or more pips positive, it's TP and SL to BE. Since I'm beta testing the v2.1, I may change strategy a little and wait a bit longer to put stops at BE.

Rule #1: Preservation of capital
  • #3,165
  • Jan 26, 2009 1:09pm Jan 26, 2009 1:09pm
Cashmeer.

Maybe this EA will be the solution to your MM.
It does NOT take entries, but follows up nicely and if you choose an entry of 3 it will do very well for you.

Give it a swing on demo.
Attached File(s)
File Type: ex4 TradeManager.ex4   6 KB | 993 downloads
  • #3,166
  • Jan 26, 2009 1:12pm Jan 26, 2009 1:12pm
I wanted to clarify the proper entry under the THV system. Since target zone A did not have the cloud above the coral I would not have taken the trade. Is that a correct assumption. I would have taken the trade for target zone B. Question on target zone B. Which candle would have most of you entered the trade?

Thanks in advance for your help. I am dialing in my understanding of the system and your feedback is great help.
Attached Image (click to enlarge)
Click to Enlarge Name: ff01260915min.gif Size: 17 KB
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #3,167
  • Jan 26, 2009 1:57pm Jan 26, 2009 1:57pm
I need to read through this a few times.....you can send me anything by PM anytime...

Thanks,
Cashmeer

Quoting Scrutch
Cash,
See you removed the question about the bottom quote so you must understand it now. I'm very tight with my pips when they belong to me, I'm not going to give them up easily...therefore at my first cash I'm moving everything else into the PZ, not by much but worst case (barring a big news event) I'm going to come out with the first cash and BE or a pip or two on everything else.



There are so many differnt ways to us SL's that I can't explain them all here. Some of them have been discussed on this thread (doblece ?)...ATR, fixed stop...
Deprive a man of everything and you give him nothing to lose.
  • #3,168
  • Jan 26, 2009 2:00pm Jan 26, 2009 2:00pm
Quoting cobraforex
Hi everybody

I hope you all got your pips today, it was a great session with huge opportunities.

I was working with Zen at night on a new Market hour indicator that will show us on the left upper corner of the screen a label with count down to session close.

[font=Arial][size=2]Zen did a great work, the indicator is calibrated to GMT...
Just popping by to say hi and to thank cobra for the invite. enjoy working with you over cyberspace and I hope our collaborations can help more traders here.

Many pips to all.

regards,
Zen
Programming for a better future.
  • #3,169
  • Jan 26, 2009 2:04pm Jan 26, 2009 2:04pm
Quoting Namrettik
I wanted to clarify the proper entry under the THV system. Since target zone A did not have the cloud above the coral I would not have taken the trade. Is that a correct assumption. I would have taken the trade for target zone B. Question on target zone B. Which candle would have most of you entered the trade?

Thanks in advance for your help. I am dialing in my understanding of the system and your feedback is great help.
Box B is better and you have understood correctly. However, that is a M15 chart you have. Your entry could be better refined using the M1 chart in conjunction. The first candle that closes above the cloud, etc. tells you to look for an entry.
  • #3,170
  • Jan 26, 2009 2:20pm Jan 26, 2009 2:20pm
Quoting Zen_Leow
Just popping by to say hi and to thank cobra for the invite. enjoy working with you over cyberspace and I hope our collaborations can help more traders here.

Many pips to all.

regards,
Zen
Thanks for dropping by, and many thanks for your hard work on the THV indicators. Cobra has spoken very highly of you, and from everyone here at the thread
  • #3,171
  • Jan 26, 2009 2:27pm Jan 26, 2009 2:27pm
Quoting Zen_Leow
Just popping by to say hi and to thank cobra for the invite. enjoy working with you over cyberspace and I hope our collaborations can help more traders here.

Many pips to all.

regards,
Zen
Thanks for coming in Zen

I'm really amazed about all the great work you have done for this thread.

Sometimes a very small detail helps to save some pips, but these details need to be coded and what's coming out of your coder fabrik is just great.

I'm looking forward to further improvements and hope I don't get you on the nerves with the time.
  • #3,172
  • Jan 26, 2009 2:31pm Jan 26, 2009 2:31pm
Thanks Zen.
  • #3,173
  • Jan 26, 2009 2:42pm Jan 26, 2009 2:42pm
Quoting Zen_Leow
Just popping by to say hi and to thank cobra for the invite. enjoy working with you over cyberspace and I hope our collaborations can help more traders here.

Many pips to all.

regards,
Zen
Zen, I don't know you but MANY BIG THANKS for all the hard work you did with Cobra on the next version of THV. Smooth running, PIP-making machine!
Up or down, gimme a ticket
  • #3,174
  • Jan 26, 2009 2:44pm Jan 26, 2009 2:44pm
Between trading, testing and experimenting, I'm fried for today. Good trading to all.
Up or down, gimme a ticket
  • #3,175
  • Jan 26, 2009 2:46pm Jan 26, 2009 2:46pm
I'm working actually to get all these new improvements together.

Also the manual needs to get some changes after analysing all the results the team will have during the next days, so may be we aren't ready to release the V2.1 on Wednesday like I mentioned before, it will be more for the weekend I guess.

Please be patient, good things need their time.

The V2 is excellent and you can trade it with confidence till V2.1 gets on your screen.
  • #3,176
  • Jan 26, 2009 2:54pm Jan 26, 2009 2:54pm
Thanks Cobra and the team for all your hard work..
Yea it's Life//
  • #3,177
  • Jan 26, 2009 3:19pm Jan 26, 2009 3:19pm
Quoting Zen_Leow
Just popping by to say hi and to thank cobra for the invite. enjoy working with you over cyberspace and I hope our collaborations can help more traders here.

Many pips to all.

regards,
Zen
Same to you, Zen, thank you for your invaluable help in the coding of the New Trix, and welcome to the team!
  • #3,178
  • Jan 26, 2009 3:46pm Jan 26, 2009 3:46pm
and another thank you for all the work you have done for the THV system -

SeerEye
Pip what you see; See what you pip!
  • #3,179
  • Jan 26, 2009 4:06pm Jan 26, 2009 4:06pm
Hi guys,

i'm trying to learn the strategy on Trading Simulator, but when i load the template trix indicator looks incorrect and all pivot lines are screwed up... do u have any idea what do i do wrong?

thanks for any help!
  • #3,180
  • Jan 26, 2009 4:13pm Jan 26, 2009 4:13pm
Quoting svlad1983
Hi guys,

i'm trying to learn the strategy on Trading Simulator, but when i load the template trix indicator looks incorrect and all pivot lines are screwed up... do u have any idea what do i do wrong?

thanks for any help!
I have no idea my friend, we are doing this all days long to check indicator and system performance and didn't have that problem.

You might want to send a PM to doblece, she is expert in simulator trading (real trading as well).
41 traders viewing now