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Attachments: THV system, final edition
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THV system, final edition

Quoting karun
Do we usually wait for the candle to close above the trendline and next candle to open above the trendline or as soon as the candle goes above the TL, is it considered breakout of TL

Karun
I usually wait for the candle to close above the trendline.
Thanks cashmeer & TW.
  • #6,263
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  • Edited 5:17pm Feb 18, 2009 4:59pm | Edited 5:17pm
Quoting TradeWell
I usually wait for the candle to close above the trendline.
Yep, but if the PA bounce away of a known S&R, fib or psych level I use to enter early even if the candle isn't closed yet, it depends on the situation.

optionsnh, you use SwissArmy I saw, it is useful for MT4 traders.

Just post it, there may be interested traders.


BTW: the next two weeks I'm very busy, this weekend Ecuador celebrate Carnaval and we have a lot of work in the hotel.

The Team members have excellent knowledge of the system and can answer all questions.
Quoting optionsnh
I hope this is of interest to some one it works well for me with THV3 in any time frame
What are the rules for using this indicator
Hello All,

I have a trade manager that is very useful for me it takes greed and fear from my trading. I did not code this expert another very nice contributor did for all to use, a PDF file included to show the use of the different switches inside. Happy pip's
Attached File(s)
File Type: zip Swiss Army EA v1-51.zip   122 KB | 1,033 downloads
Quoting kerty9
What are the rules for using this indicator
Hello Kerty9 I use it on different time frames and I Think of it as a dymanic S/R because it is strikly based on PA and a good place to take profit and also to set stop's use it for a time study the PA the more times PA stops in the same area the thicker the line becomes dashed lines are new points of interest. Hope this helps if you need more let me know
Quick question guys...if I want to do some backtesting on the THV - every time I take off the auto scroll and go back more than two days the trix indicators flatten out and I am not able to see them properly on the chart. Is there a way to scroll back for days and even several months and still able to view the Trix indicators as if they are currently in their live state? Thanks again to Cobra and Team for a great system that seems work very well once it is understood correctly.
Quoting ragu
Quick question guys...if I want to do some backtesting on the THV
Set the numbers in the marked boxes to the number of bars your want to go back.

don't forget, as higher these numbers as more CPU usage you will have.
Attached Image
Quoting cobraforex
Set the numbers in the marked boxes to the number of bars your want to go back.

don't forget, as higher these numbers as more CPU usage you will have.

Perfect...thank you Cobra.
Quoting optionsnh
Hello Kerty9 I use it on different time frames and I Think of it as a dymanic S/R because it is strikly based on PA and a good place to take profit and also to set stop's use it for a time study the PA the more times PA stops in the same area the thicker the line becomes dashed lines are new points of interest. Hope this helps if you need more let me know
Thanks. Its a good addition to my THV armor.
just closed one

Attached Image (click to enlarge)
Click to Enlarge Name: 19-thv-0850.gif Size: 37 KB
Felt like being in a war zone last couple of days. Still nursing my wounds. Net loss. Had to pull myself away from the action by closing E/U charts and look at other pairs.

Live to trade another day.
Quoting cobraforex
Yep, but if the PA bounce away of a known S&R, fib or psych level I use to enter early even if the candle isn't closed yet, it depends on the situation.

optionsnh, you use SwissArmy I saw, it is useful for MT4 traders.

Just post it, there may be interested traders.


BTW: the next two weeks I'm very busy, this weekend Ecuador celebrate Carnaval and we have a lot of work in the hotel.

The Team members have excellent knowledge of the system and can answer all questions.
Carnaval!! Just the setting I need to test out the strength in my new knees. Hope everything goes great for you! Try not to work too hard.
txtaz
We are supposed to look for THV signals in a higher TF(5min) and than entry/confirmation in lower TF(1min). It raises couple of issues for me.

1)By the time THV signals a trade on higher TF, the lower TF often shows reversing the trend. It freezes me from pulling the trigger

2)Breakouts and trend reversals show up in the lower TF first, and often die by the time they show up in the higher TF. I am too scared to pull the trigger based on lower TF alone.

3) By the time ideal setup occurs, I seem to be ether too late or miss it. Ideal setup seems to happen just when I am asleep, gone to toilet or away for some arrend.
This happens to all of us.

Important to have patience and wait for that perfect setup. The market will reward you most of the time for having patience but always punishes for lack of it.

Quoting kerty9
3) By the time ideal setup occurs, I seem to be ether too late or miss it. Ideal setup seems to happen just when I am asleep, gone to toilet or away for some arrend.
Kerty,

What I typically see, and everyone please correct this, is during the 15M set up you will see the 5M go thru a few cycles of entries. That is if the trend holds. During a 5M set up you will see a few cycles on the 1M. I try to use these "cycles" as entry points into the longer TF move.

So I see the overall trend of the 15M and look for a move on the 5M in the same direction. That is the direction I want to trade. I then look for the 1M to cross and recross to give me an entry on the 5M that cuts my risk a little of entering the 5M too late into the move. I use the 1M just to make sure I am getting a head start on the 5M move.

Thoughts?
Quoting rogueforex
Kerty,

What I typically see, and everyone please correct this, is during the 15M set up you will see the 5M go thru a few cycles of entries....
Exactly. That's the way it is
Quoting doblece
Exactly. That's the way it is
Who would you have to talk to without other people? They all aren't Hell...
Quoting cashmeer
that "break out" of the 5 min completely faked me out, and I only realized why after I added the fibs to the chart. It stopped exactly at the 50%...and fell back quicker than I should have been prepared for...

Fibs are useful.
Hi Cashmeer,

While fibs are very useful and I agree, I noted that the TRIX on the 1 minute and 15 minute were not in agreement at the time of your arrow. The 1 MIN slow TRIX was red, and the 15 fast TRIX was red. Regardless of fibs or S&R, the TRIX indicators are still king in my opinion.
Without vision, the people will perish.
Has the OrderSizeCalculator modified to include profit target?

Thanks!
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