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THV system, final edition

  • #6,521
  • Feb 21, 2009 4:16pm Feb 21, 2009 4:16pm
Quoting doblece
No, its enough.
The computer recognizes the program even if it wasn't installed again, so you can just copy the folder as it is.
Maybe I misunderstood something...

I basically had two sessions of the simulator running at the same time - one on one TF (5 min), one on the other I wanted (1 min). In trying this way, I spent more time trying to keep everything in sync. One session or the other would 'hang up' and then I would have to re-sync everything up again.

Was that the way you were describing or am I missing something?

T...
  • #6,522
  • Feb 21, 2009 4:37pm Feb 21, 2009 4:37pm
Quoting tsquad
Maybe I misunderstood something...

I basically had two sessions of the simulator running at the same time - one on one TF (5 min), one on the other I wanted (1 min). In trying this way, I spent more time trying to keep everything in sync. One session or the other would 'hang up' and then I would have to re-sync everything up again.

Was that the way you were describing or am I missing something?

T...
Maybe your computer doesn't have enough cpu to run both at full speed? Try using a slower speed, same number on both... the process seems to eat a lot of cpu, indeed. I solved that issue by having the main timeframe (the one where trades are placed) on the tester, and the other TF on a simple chart, to be able to see its setup at the moment of the trade. Never tried running both testers though.
  • #6,523
  • Feb 21, 2009 5:04pm Feb 21, 2009 5:04pm
Quote:
Originally Posted by tsquad http://www.forexfactory.com/images/buttons/viewpost.gif
Maybe I misunderstood something...

I basically had two sessions of the simulator running at the same time - one on one TF (5 min), one on the other I wanted (1 min). In trying this way, I spent more time trying to keep everything in sync. One session or the other would 'hang up' and then I would have to re-sync everything up again.

Was that the way you were describing or am I missing something?

T...

Quoting doblece
Maybe your computer doesn't have enough cpu to run both at full speed? Try using a slower speed, same number on both... the process seems to eat a lot of cpu, indeed. I solved that issue by having the main timeframe (the one where trades are placed) on the tester, and the other TF on a simple chart, to be able to see its setup at the moment of the trade. Never tried running both testers though.
but it can't be syncronized (speed can't be set with such precision, than - go by hands bar by bar...) which would make it very, very complicated & annoing... - isn't it?
  • #6,524
  • Feb 21, 2009 5:04pm Feb 21, 2009 5:04pm
Quoting doblece
Maybe your computer doesn't have enough cpu to run both at full speed? Try using a slower speed, same number on both... the process seems to eat a lot of cpu, indeed. I solved that issue by having the main timeframe (the one where trades are placed) on the tester, and the other TF on a simple chart, to be able to see its setup at the moment of the trade. Never tried running both testers though.
I even tried with two separate computers, trying to match speeds and still was unable to get consistency. At some point in time, one would hesitate when the other one would not and then I would be out of sync again.

You are probably on the right track with more cpu horsepower and/or maybe some more ram. I was hoping someone perhaps had come across a simulator which had slayed that dragon.

T...
  • #6,525
  • Feb 21, 2009 5:04pm Feb 21, 2009 5:04pm
According Harmonic Trading theory this trend schould go down.Bearish Gartley (navy blue shape) confirm trend
Look at this (the same on H1 ,Hr and D)
Attached Image (click to enlarge)
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But we will see
  • #6,526
  • Feb 21, 2009 5:17pm Feb 21, 2009 5:17pm
Quoting fxxx
but it can't be syncronized (speed can't be set with such precision, than - go by hands bar by bar...) which would make it very, very complicated & annoing... - isn't it?
The whole chart setup (not on the tester) would be on sight, I just place a vertical line to keep track of the particular moment, anyway there are not signals on each bar... and one has to try to mentally "omit" what comes next so it doesn't influence the testing.
  • #6,527
  • Feb 21, 2009 5:21pm Feb 21, 2009 5:21pm
Quoting tsquad
I even tried with two separate computers, trying to match speeds and still was unable to get consistency. At some point in time, one would hesitate when the other one would not and then I would be out of sync again.
You are probably on the right track with more cpu horsepower and/or maybe some more ram. I was hoping someone perhaps had come across a simulator which had slayed that dragon.
T...
as far as i know - nobody did it 4 mt4 tester so far; programmers say - too complicated 4 mt4 - not worth it (they don't even wanna go there)
some other soft should be around - isn't it?
  • #6,528
  • Feb 21, 2009 5:26pm Feb 21, 2009 5:26pm
Quoting doblece
The whole chart setup (not on the tester) would be on sight, I just place a vertical line to keep track of the particular moment, anyway there are not signals on each bar... and one has to try to mentally "omit" what comes next so it doesn't influence the testing.
but on the tester - have you been "rewinding" some places(dates) beck and force several times?
  • #6,529
  • Feb 21, 2009 5:29pm Feb 21, 2009 5:29pm
Quoting fxxx
but on the tester - have you been "rewinding" some places(dates) beck and force several times?
It can't be rewinded... just restarted all over
You can skip dates forward, though. The only thing is that if you want to test a particular time span, you can't jump to the hour, only to the 00:00 date.
  • #6,530
  • Feb 21, 2009 5:33pm Feb 21, 2009 5:33pm
Quoting lyvlyfe
The only one I have in my indicator list is the Fib. Pivot. Could you send me a link to the Fib Extension one you indicated to on this post?
I can only tell you how to do this using the MT4 platform. There are two ways to access the Fib. Extension tool. One way is to click on Insert/Fibonacci/Expansion.....Insert is in the upper left of the MT4 window. The other way is two click directly on the Fib. Ext. tool in the tablet of tools somewhere above the chart. If the Ext. tool is not among those tool icons, then you can add it. Do this by right clicking on the verticle hash marks column, just left of the tool icons, to bring up a drop down menu. Select Customize which will allow you to add/delete tool icons from those shown above the chart.
  • #6,531
  • Edited 6:01pm Feb 21, 2009 5:42pm | Edited 6:01pm
Quoting doblece
It can't be rewinded... just restarted all over
You can skip dates forward, though. The only thing is that if you want to test a particular time span, you can't jump to the hour, only to the 00:00 date.
and if you save template - all your marks (objects) trendlines, etc - stays there - makes all the fun to go over : ))) back 2z future - predicting the past - not easy either! : ))))
  • #6,532
  • Feb 21, 2009 5:51pm Feb 21, 2009 5:51pm
Quoting cashmeer
breakout I have ever experienced...

The two good trades I had this evening were the trix turn red on the 5 min...


ADD: Forgot to draw the divergence on the 5 min...the arrow just appeared on my chart

ADD 2 I'm really fond of divergence...in the last few days...divergence has done a remarkable job...
Chalk it up to an early end of a remarkable day. Those manipulators behind the trade desks of the banks and hedge funds exhuasted themselves through the week...went out with a bang and quit early.
  • #6,533
  • Feb 21, 2009 5:58pm Feb 21, 2009 5:58pm
Quoting traderathome
The first 5M chart is the one on which the originally drawn Fibonacci Extension appears. The second 5M chart shows the Fibonacci Extension redrawn at the second dual pinch created as the PA progressed. As you can see, the accuracy of predicting the places where the PA may halt is incredibly good. The PA hit the 638% Fib. Ext. level and failed there (for the time being). ...
T, can you coment on plotting points and how and why it ben redrawn -

retracement or extention - if it still Fibo ratios - T, if it not big pain in S - couldyou explain it with using good-old-familiar-to-all Fibo Retracement, not Extension, please?
Attached Image
  • #6,534
  • Feb 21, 2009 6:20pm Feb 21, 2009 6:20pm
Quoting fxxx
T, can you coment on plotting points and how and why it ben redrawn -

retracement or extention - if it still Fibo ratios - T, if it not big pain in S - couldyou explain it with using good-old-familiar-to-all Fibo Retracement, not Extension, please?
First off, using BBs is to better see the squeezing down of the range...something that protends a breakout is coming. When the breakout comes, the purpose of the Fib. Ext. is to gauge where the breakout move may likely stop. As we are not interested in measuring any retracement move, but rather in measuring the likely extent of a breakout move, we use the Fib. Extension tool. This tool applied to the squeeze point in the range will forcast likely limits to any move breaking out of that range. Hope this helps.
  • #6,535
  • Feb 21, 2009 7:11pm Feb 21, 2009 7:11pm
Quoting traderathome
First off, using BBs is to better see the squeezing down of the range...something that protends a breakout is coming. When the breakout comes, the purpose of the Fib. Ext. is to gauge where the breakout move may likely stop. As we are not interested in measuring any retracement move, but rather in measuring the likely extent of a breakout move, we use the Fib. Extension tool. This tool applied to the squeeze point in the range will forcast likely limits to any move breaking out of that range. Hope this helps.
The concept can be illustrated as follows:

Wait for the price to range. Measure the height of the range. Apply the Fibonacci Extension tool to that range span to get possible failure levels of any range breakout run.

Now, measuring the range height is sometimes not easy when candle wicks are at all different heights. This is where the Bollinger Band comes into play. A well defined pinch in the BB preceeding a breakout can be used as the span across which you apply the Fib. Ext. tool.

Two charts below illustrate this. The first chart shows an attempt to draw the range bottom and top lines and apply the Fib. Ext. tool. The second chart uses the BBs. Either process is valid, but the first method is subjective and can yield different results from using BBs. As you can see from the charts, the attempt to define the range may have yielded better results. And note that there was no real well defined Dual BB Pinch during the range, so the next best thing to do was to apply the Fib. Ext. to the span of the inner BB just at the breakout point.

As you can see, this attempt at producing exacting predictive Fib. Ext. levels is fraught with complications when the PA is so volitile as to not give us the nice lines we look for. But exacting or not, the concept is valid and can help you capture pips.
Attached Image(s) (click to enlarge)
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  • #6,536
  • Feb 21, 2009 7:27pm Feb 21, 2009 7:27pm
Quoting traderathome
The concept can be illustrated as follows:

Wait for the price to range. Measure the height of the range. Apply the Fibonacci Extension tool to that range span to get possible failure levels of any range breakout run.

Now, measuring the range height is sometimes not easy when candle wicks are at all different heights. This is where the Bollinger Band comes into play. A well defined pinch in the BB preceeding a breakout can be used as the span across which you apply the Fib. Ext. tool.

Two charts below illustrate this. The first chart shows...
Now, I have just realized something that makes me feel like an idiot. While scrambling to set up MT4 on my wife's computer (mine is down), I forgot one very important feature of the Fibonacci Extension....something that I had compensated for on my own computer but have not yet done so on my wife's. So, for the past several days I have been using the Fib. Ext. tool erroneously.

In a nutshell, after drawing the Fib. Ext., you must move the PIVOT line up (let us assume the Fib. Ext. is drawn upwards) to the upper pinch point. THEN the extension lines are correct. Look at the results doing this correctly now, using the previous charts......

To move the PIVOT line (or zero line) you double click on the span line to get the dots to appear. Then you left click, hold, and drag the dot for the Pivot/zero line up to the level of the dot for the top of the span measurement line.
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  • #6,537
  • Feb 21, 2009 11:32pm Feb 21, 2009 11:32pm
Quoting sundowner
Greetings,

Not sure if this is funny or not, but it's the weekend...

Regards
................... but like trading advice, do your own research..........

http://www.snopes.com/photos/animals/shark.asp

Canadian by birth Australian by choice
  • #6,538
  • Feb 22, 2009 2:25am Feb 22, 2009 2:25am
dropping by to say hi to my old friend Cobra..

hi buddy miss u folks lots
  • #6,539
  • Feb 22, 2009 2:58am Feb 22, 2009 2:58am
Quoting traderathome
First off, using BBs is to better see the squeezing down of the range...something that protends a breakout is coming. When the breakout comes, the purpose of the Fib. Ext. is to gauge where the breakout move may likely stop. As we are not interested in measuring any retracement move, but rather in measuring the likely extent of a breakout move, we use the Fib. Extension tool. This tool applied to the squeeze point in the range will forcast likely limits to any move breaking out of that range. Hope this helps.
see what i mean - ratios are ratios, metter only how we apply them
i found 4 many people more convenient not to switch tools (same as not to have many tools on the chart) - but keep same dimensions and make marks by hand (though whatever works for whom better)
Attached Image (click to enlarge)
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  • #6,540
  • Feb 22, 2009 3:16am Feb 22, 2009 3:16am
see, Cobra, your thread is a whole school of trading - many generations of good traders'll grow up with this system, graduate... : )
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