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THV system, final edition

  • #5,561
  • Feb 10, 2009 1:56pm Feb 10, 2009 1:56pm
Quoting mouse0921
I have read the manual sorry do not understand Can someone tell me how to copy the files into the appropriate folders I do not know how to copy and save the files into meta trader I have tried to figure it out. I am a complete newbie. Peggy
Hi Peggy

Please download the manual, in one part you find how to install the system.

In case you need additional help let us know.
  • #5,562
  • Feb 10, 2009 1:56pm Feb 10, 2009 1:56pm
What a great thread wow? I am just loving it. Thanks all! I am going to leave this THV revised pivots indi, with only text showing on chart now. Maybe some like this this way. Anyway I will post it ...hope someone can use it.

Thanks all!!!
Attached File(s)
File Type: mq4 THV-Text_only pivots_.mq4   10 KB | 806 downloads
  • #5,563
  • Feb 10, 2009 2:02pm Feb 10, 2009 2:02pm
Quoting cobraforex
Hi Peggy

Please download the manual, in one part you find how to install the system.

In case you need additional help let us know.
Cobra I am sorry I have downloaded it and I have read it

Download/unzip/Copy/Save the MQ4/EX4 file into your Crogram Files(your broker)MetaTrader 4expertsindicators folder

I have downloaded and unzipped how do I copy and save and where I understand in the experts/indicators folder but how do I find that folder
I hope you understand what I am saying
Pip Slow but sure
  • #5,564
  • Feb 10, 2009 2:06pm Feb 10, 2009 2:06pm
Quoting cobraforex
It's the same MA but colored that jack has on his chart, I guess he knows about it from my website.

I didn't include it in the folder to avoid questions how to use it.

I use it as a S&R on all TF's.

Just past it to your analyze chart, I called it cheeta because even a trained monkey can trade it
Hi cobra, first time I heard about it was here on this thread actually, you posted a chart showing it and I took that tip right away, then went to your website.

I'm scalping with THV on 1M mostly now, and the LWMA 60 has proved to be a good exit point as price almost always bounces away from it.

Today was a very good day.
  • #5,565
  • Feb 10, 2009 2:11pm Feb 10, 2009 2:11pm
Quoting mouse0921
Cobra I am sorry I have downloaded it and I have read it

Download/unzip/Copy/Save the MQ4/EX4 file into your Crogram Files(your broker)MetaTrader 4expertsindicators folder

I have downloaded and unzipped how do I copy and save and where I understand in the experts/indicators folder but how do I find that folder
I hope you understand what I am saying
Under "Program Files" folder in your hard disk (assuming it is "C"), you will find another folder which is your MT4 folder (named as per your broker, example: FXDD MetraTrader4 or else).

Inside that folder you have other several folders, among which:
1) "experts" - Inside "experts" there's another folder named "indicators", where the indicators should be copied.
2) "templates" (where the template has to be copied)
3) "sounds" (where the sounds have to be copied)

It will be easier if you use Windows Explorer so you can see the whole folder tree of your computer, locate where you have the unzipped files, then copy to the respective folders as explained.
  • #5,566
  • Feb 10, 2009 2:12pm Feb 10, 2009 2:12pm
Jack: I like your setup there. Is that a standard THV one? Do you have a template for it?

This looks like a real interesting system. Thanks Cobra and guys for sharing

Quoting Jack Herer
great day! =D

that channel I drew is being respected almost to the pip, pivots as well

just got out of a short trade on the touch of the LWMA 60 (again) and it was also a psych level (1.3000)

I'm already 3,2% up for today, time to go relax a bit

hope you guys had a good day
  • #5,567
  • Feb 10, 2009 2:13pm Feb 10, 2009 2:13pm
Quoting NosferatuMan
Hey Cobra,

Is it possible to reduce the volume of your "analyse" sound alerts?

Thanks in advance.
All Programs/Accesories/Entertainment/Volume Control.
You can also turn them off (in the settings - sound alerts = false) and keep only the visual alerts.
  • #5,568
  • Feb 10, 2009 2:24pm Feb 10, 2009 2:24pm
Quoting sparkz
Jack: I like your setup there. Is that a standard THV one? Do you have a template for it?

This looks like a real interesting system. Thanks Cobra and guys for sharing
hey sparkz, that's just the analysis template cobra posted in first page, it's not actually a system by itself, it's just where you can draw your trendlines, channels, add fibs, psych levels and other stuff you may find interesting.

What I'm doing now (with great sucess) is to scalp 1M and always aware of where PA is in relation to this LWMA 60 on 5M chart. I never trade if PA is directly above or below it. It's working very well for me. I don't trade 1M if trix in 5M is doesn't agree, and watch 15M or 30M for longer trend.

trade your THV by the rules, any TF you like, but be aware of how PA behaves around that MA. For extreme scalpers that may be a good exit point, and even better when we have confluence of other things like psyche levels (1.3000) or fibs, or a pinbar, for example.

hope I sound clear on this
  • #5,569
  • Feb 10, 2009 2:27pm Feb 10, 2009 2:27pm
Hi all,

Still trying to get my head around using this method and I am a bit confused why I just got a down signal flash up on the EURUSD 1 minute chart.

Here is the chart ... can you explain why it is a signal at this exact point ? There has been do cross just now and the cobra is still green.

What am I missing here?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-downsignal.gif Size: 33 KB
  • #5,570
  • Feb 10, 2009 2:43pm Feb 10, 2009 2:43pm
Quoting Willowgal
Hi all,

Still trying to get my head around using this method and I am a bit confused why I just got a down signal flash up on the EURUSD 1 minute chart.

Here is the chart ... can you explain why it is a signal at this exact point ? There has been do cross just now and the cobra is still green.

What am I missing here?

Thanks
Bear Cross = Trix crossed down the zero line.
Coral colour is irrelevant, for a signal to be under the rules, it's short below the Coral, or long above in the conservative mode.
  • #5,571
  • Feb 10, 2009 2:50pm Feb 10, 2009 2:50pm
Quoting doblece
All Programs/Accesories/Entertainment/Volume Control.
You can also turn them off (in the settings - sound alerts = false) and keep only the visual alerts.
Thanks, Doblece.

I thought it was possible to reduce the volume only in MT4.
  • #5,572
  • Feb 10, 2009 3:00pm Feb 10, 2009 3:00pm
Thanks, I got the basics ok. Sorry, what I meant was the extra indicators on the chart. The MTF RSI and the trend thingy above it. Are they non THV? I couldn't find them any where.

Interesting comments on your trading style. It makes sense. Being a bit of a scalping noob, I'm still trying to discipline myself in the art. Much to absorb into the dense grey matter...

Quoting Jack Herer
hey sparkz, that's just the analysis template cobra posted in first page, it's not actually a system by itself, it's just where you can draw your trendlines, channels, add fibs, psych levels and other stuff you may find interesting.

What I'm doing now (with great sucess) is to scalp 1M and always aware of where PA is in relation to this LWMA 60 on 5M chart. I never trade if PA is directly above or below it. It's working very well for me. I don't trade 1M if trix in 5M is doesn't agree, and watch 15M or 30M for longer trend.

trade your THV by the...
  • #5,573
  • Feb 10, 2009 3:00pm Feb 10, 2009 3:00pm
Doblece Thank you so much That did it
Attached Image (click to enlarge)
Click to Enlarge Name: thv.gif Size: 15 KB
Pip Slow but sure
  • #5,574
  • Feb 10, 2009 3:13pm Feb 10, 2009 3:13pm
Quoting doblece
Bear Cross = Trix crossed down the zero line.
Coral colour is irrelevant, for a signal to be under the rules, it's short below the Coral, or long above in the conservative mode.
Ah ok thanks.

I can't wait to see the 'condensed' version of the thread that the guys are kindly making
  • #5,575
  • Feb 10, 2009 3:23pm Feb 10, 2009 3:23pm
Quoting sparkz
Thanks, I got the basics ok. Sorry, what I meant was the extra indicators on the chart. The MTF RSI and the trend thingy above it. Are they non THV? I couldn't find them any where.

Interesting comments on your trading style. It makes sense. Being a bit of a scalping noob, I'm still trying to discipline myself in the art. Much to absorb into the dense grey matter...
There you are, the template and all the indicators you see in my pictures
Attached File(s)
File Type: zip analysis.zip   172 KB | 1,149 downloads
  • #5,576
  • Edited 5:29pm Feb 10, 2009 3:31pm | Edited 5:29pm
Edited! Sorry for the big pictures....
-----
First of all big thanks to the THV team, this is interesting system. I have some questions but first I will show you my trades on demo and hopefully you can critique me so I can one day go live with confidence.

Trading Parameters:
- My goal with this test was to take 10 trades on one pair in one night.
- Follow level rules one to the letter. As best as I could understand them that is.
- Trade on M1

THV Rules Level 1:

  1. Entry

    1. Long = Above Coral + Above Cloud + Both Trix Cross & Same Color
    2. Sell = Below Coral + Below Cloud + Both Trix Cross & Same Color

  2. Exit

    1. Fast Trix turns color
    2. Profit Target (ATR / 2 = TP)
    3. Stops = ATR

My results were 8 winners and 2 losers. See thv-trades.png attachment
- I believe I could have mitigated the losers and explanations are below. I am also hoping that I can get feedback from the experienced folks on what I could have done better.


The actual trades part 1 - 6:30-8:30pm PST. See thv-trades-1.png attachment:
The actual trades part 2 - 8:30-10:30pm PST. See thv-trades-1.png attachment:


My observations... this is where I have specific questions:

  1. I entered my big loss right at the coral. Price had not firmly past it so it was very shallow. Due to large lots, I could not maintain the optimal stop loss according to ATR for my big loss. Minus 11 pips = -$110. Risk management rules broken there, max SL should have been $60 at 1.0 lots that’s only 6 pips. Not enough breathing room for error.
    Following all the rules, I minimized my risk by entering the market correctly and extracting pips.
  2. Need to add a 5 pts trailing stop to all orders, set the TP to 10 pips, most good entries had that much room if you act quickly and correctly. The +1 pip trade closed early as the SL was too shallow to withstand a small retrace. It then went on to push 18 pips down. If my SL was greater than 13 pips, I would have had more profit on this trade.
  3. The -$58 loss was due to not pulling the trigger fast enough. Couldn’t tell whether or not the Trix lines had crossed at the same color so I didn’t pull the trigger until I was sure. I will be looking at the bear cross bull cross notification next time. There would have been enough pips to cover 8-10 pips in this scalp.

Here's were my observations and changes I'm going to make to adjust my trading tonite:

  1. Act quickly on the crosses. (adjusted Trix fast line to dotted so I can see both line better)
  2. Set stops to ATR = ~15 pips (2% risk or 0.04 lots on $3k equity)
  3. False signal = trix cross where price is close to crossing the coral but hasn’t yet
  4. Removing the coral thick line off the M1 chart and just react on crosses.
  5. Adding breakout bars (attached) to help center me on where to pull the trigger. And to get a better picture of where price will breakout.
  6. Scalp the Asian session only, as I got closer to London open, things got choppy and the coral was just too slow to allow me to get into trades.

Anyways TIA for those who want to comment, this is the 1st post on FF for me! =)

What do you guys think?

Ciao!

David T

PS: here's the screenshot of THV with no thick coral and Inside Bars indicator that I will be using tonite. See thv-with ib adjustment.png attachment.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv-trades.png Size: 168 KB
Click to Enlarge Name: thv-trades-1.png Size: 385 KB
Click to Enlarge Name: thv-trades-2.png Size: 384 KB
Click to Enlarge Name: thv-with ib adjustment.png Size: 72 KB
Attached File(s)
File Type: mq4 H1H1_IB_Indicator.mq4   6 KB | 850 downloads
  • #5,577
  • Feb 10, 2009 4:35pm Feb 10, 2009 4:35pm
Quoting verbtheory
First of all big thanks to the THV team, this is interesting system. I have some questions but first I will show you my trades on demo and hopefully you can critique me so I can one day go live with confidence.
Wow, that are really big screenshots, even for my 19" monitors.

Next time please use the attach facility when posting, thanks.

Guys and gals, we have serious problems to work actually with the FF server, I need up to 10 times refreshing the site to get it loaded.

To send this post took me about 15 minutes.

That is a waste of time and I will wait untill Twee, the moderator get a solution for it.

So please stay tuned, onece that problem is solved we will be back.
  • #5,578
  • Feb 10, 2009 4:46pm Feb 10, 2009 4:46pm
Quoting cobraforex
Wow, that are really big screenshots, even for my 19" monitors.

Next time please use the attach facility when posting, thanks.

Guys and gals, we have serious problems to work actually with the FF server, I need up to 10 times refreshing the site to get it loaded.

To send this post took me about 15 minutes.

That is a waste of time and I will wait untill Twee, the moderator get a solution for it.

So please stay tuned, onece that problem is solved we will be back.
Hi Cobra: Same problem here for a couple of days I think.
  • #5,579
  • Feb 10, 2009 4:59pm Feb 10, 2009 4:59pm
Yes, Cobra, I was thinking that the problem was my internet connection....


Quoting cobraforex

Guys and gals, we have serious problems to work actually with the FF server, I need up to 10 times refreshing the site to get it loaded.

To send this post took me about 15 minutes.

That is a waste of time and I will wait untill Twee, the moderator get a solution for it.

So please stay tuned, onece that problem is solved we will be back.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #5,580
  • Feb 10, 2009 5:16pm Feb 10, 2009 5:16pm
Quoting verbtheory
First of all big thanks to the THV team, this is interesting system. I have some questions but first I will show you my trades on demo and hopefully you can critique me so I can one day go live with confidence.
David, if you don't resize the screenshots, nobody is able to analize what you have written, please try to delete them and use the attach option when you edit the post and upload them again, thanks
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