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THV system, final edition

  • #6,721
  • Feb 25, 2009 2:43am Feb 25, 2009 2:43am
Quoting doblece
On the chart posted there are 7 ichimoku
1 normal (Ichimoku Kinko Hyo - yellow and light green) and 6 instances of the THV3 MTF Ichimoku that Cobraforex posted, set to M5 (light blue), M15 (orange), M30 (dark blue), H1 (violet), H4 (brown) and daily (green).

What settings do you suggest to use for TF 5 and 15 min on MTF... 2,3,5 as standard ?
  • #6,722
  • Feb 25, 2009 2:51am Feb 25, 2009 2:51am
Hi all,i backtest GU using THV system and without using coral. It look good on most signal but not very good in 5M tf. Now i planned to trade with only 1M tf. Do you think it is a good idea or do you think i just miss something :-)
  • #6,723
  • Feb 25, 2009 2:57am Feb 25, 2009 2:57am
ah,went in the pool with the kids it was nice.
will take a break and go to the pup and get a few
look in later
  • #6,724
  • Feb 25, 2009 4:15am Feb 25, 2009 4:15am
Quoting nimuz
Hi all,i backtest GU using THV system and without using coral. It look good on most signal but not very good in 5M tf. Now i planned to trade with only 1M tf. Do you think it is a good idea or do you think i just miss something :-)
Good morning all. Nimuz, speaking from experience, I would not recommend trading the 1M unless you have a lot of experience on that timeframe. That's why Cobra calls it extreme scalping. Things happen quickly, and often all you get is 4-5 PIPs before price abruptly turns the other way.

Unless one is a gifted scalper, such as the Cobra, I would spend my time learning M15 and M5, looking only at M1 for final confirmation of entry. There are lots of PIPs to be had on those timeframes.

Just my thoughts, as you asked.
Up or down, gimme a ticket
  • #6,725
  • Feb 25, 2009 4:16am Feb 25, 2009 4:16am
Quoting cobraforex
Hi TW, what happend, did you fall out of bed?

I'm getting a nap now, see you.

hi fellow trader, can someone direct me on how to update metatrader4 to v220 because my is not showing ichimoku fully coloured like the every body is posting
  • #6,726
  • Feb 25, 2009 4:30am Feb 25, 2009 4:30am
Quoting kareemoladun
hi fellow trader, can someone direct me on how to update metatrader4 to v220 because my is not showing ichimoku fully coloured like the every body is posting
Kareem, you should definitely be on Build 220 but that may not be your problem with Ichimoku colors. Regarding Build 220, you need to go to your broker's website and download the latest build, which should be 220. You may want to back up your Experts/Indicators and Templates folders before downloading. I don't remember how MT4 upgrade handles them, but to be safe, just back them up to somewhere else on your computer, and then check those folders after you have upgraded.

Now, for the different Ichimoku colors, you need to right-click on each Ichimoku indicator on your chart, one at a time. When you get the drop-down menu, click on ...Properties. Then go to the Colors tab. You can change the colors to whatever you prefer. You will easily tell which colors need to be changed, but lines 5 and 6 change the upper and lower borders. Line 3 changes the vertical bars between the borders. You can experiment.

I think that is more your problem with colors, rather than Build 220, but as I said, one of the prerequisites for THV v3 was to be on Build 220. I am surprised you have not experienced other problems.

Good luck, not difficult.
Up or down, gimme a ticket
  • #6,727
  • Feb 25, 2009 5:02am Feb 25, 2009 5:02am
Quoting SpecialEd
Kareem, you should definitely be on Build 220 but that may not be your problem with Ichimoku colors. Regarding Build 220, you need to go to your broker's website and download the latest build, which should be 220. You may want to back up your Experts/Indicators and Templates folders before downloading. I don't remember how MT4 upgrade handles them, but to be safe, just back them up to somewhere else on your computer, and then check those folders after you have upgraded.

Now, for the different Ichimoku colors, you need to right-click on each Ichimoku...
it is not solve yet ,i use alpari uk,but at time my metatrader4 do stop working is that part of problems to be experiencing for using thvv3
  • #6,728
  • Feb 25, 2009 5:18am Feb 25, 2009 5:18am
Quoting kareemoladun
it is not solve yet ,i use alpari uk,but at time my metatrader4 do stop working is that part of problems to be experiencing for using thvv3
I don't understand what you are asking, but you should definitely be on Build 220.
Up or down, gimme a ticket
  • #6,729
  • Feb 25, 2009 5:42am Feb 25, 2009 5:42am
i didn't find the "MTF" document,does V3 have it?
  • #6,730
  • Feb 25, 2009 5:52am Feb 25, 2009 5:52am
Hi,

I tried to download the THV V3 manual but it seems the file's corrupted. Could you please direct me to another link where i can get it downloaded.

Your contribution to this forum is highly appreciated.

awot
  • #6,731
  • Feb 25, 2009 5:52am Feb 25, 2009 5:52am
Quoting SpecialEd
Good morning all. Nimuz, speaking from experience, I would not recommend trading the 1M unless you have a lot of experience on that timeframe. That's why Cobra calls it extreme scalping. Things happen quickly, and often all you get is 4-5 PIPs before price abruptly turns the other way.

Unless one is a gifted scalper, such as the Cobra, I would spend my time learning M15 and M5, looking only at M1 for final confirmation of entry. There are lots of PIPs to be had on those timeframes.

Just my thoughts, as you asked.
SpecialEd

Sure...I do not have as much experience as you and i already can be wrong...But i think difference is not as much... on both 1min and 5 min TF we get valid and false entries..I think difference is only that in 1 min we get more than on 5 min... We just need to look at higher TF when entering into trade...Though i am too much comfortable with 1min...

I just didn't get what you say.." would spend my time learning M15 and M5, looking only at M1 for final confirmation of entry"... If you trade on 5min or 15min , you are looking lower TF for confirmation ?
  • #6,732
  • Feb 25, 2009 5:55am Feb 25, 2009 5:55am
Quoting bhcgn
i didn't find the "MTF" document,does V3 have it?
Here it is THV3 MTF_Ichimoku_v1.mq4
  • #6,733
  • Feb 25, 2009 5:56am Feb 25, 2009 5:56am
Quoting awot
Hi,

I tried to download the THV V3 manual but it seems the file's corrupted. Could you please direct me to another link where i can get it downloaded.

Your contribution to this forum is highly appreciated.

awot
It is definitely not corrupt. Most likely your internet connection burped while downloading, keep trying.
  • #6,734
  • Feb 25, 2009 5:58am Feb 25, 2009 5:58am
Quoting Wlfx
.....
I just didn't get what you say.." would spend my time learning M15 and M5, looking only at M1 for final confirmation of entry"... If you trade on 5min or 15min , you are looking lower TF for confirmation ?
The lower TF is more for entry timing than for confirmation. (I think Ed may be gone so I answered for him).
  • #6,735
  • Feb 25, 2009 6:10am Feb 25, 2009 6:10am
Quoting Wlfx
SpecialEd

Sure...I do not have as much experience as you and i already can be wrong...But i think difference is not as much... on both 1min and 5 min TF we get valid and false entries..I think difference is only that in 1 min we get more than on 5 min... We just need to look at higher TF when entering into trade...Though i am too much comfortable with 1min...

I just didn't get what you say.." would spend my time learning M15 and M5, looking only at M1 for final confirmation of entry"... If you trade on 5min or 15min , you...
I have to look at M15 and longer-term to see the trend. I usually trade off M5 but look at M1 immediately before I "pull the trigger". As long as M5 is still a go, if M1 says yes, I execute the trade.

I think we said about the same thing. Longer timeframes show a better representation of the current trend, while shorter timeframes show more "every-minute noise", which can be confusing. Bottom line, if you trade longer TF, expect to wait longer for more PIPs. If you trade shorter TF, be ready to get out of a trade with minimal PIPs, and be ready to make more trades.

My two cents.
Up or down, gimme a ticket
  • #6,736
  • Feb 25, 2009 6:10am Feb 25, 2009 6:10am
Quoting TradeWell
The lower TF is more for entry timing than for confirmation. (I think Ed may be gone so I answered for him).

I replied but could not have said it better than you just did. Thanks TW.
Up or down, gimme a ticket
  • #6,737
  • Feb 25, 2009 6:31am Feb 25, 2009 6:31am
my profile picture
Attached Image
  • #6,738
  • Feb 25, 2009 6:34am Feb 25, 2009 6:34am
Quoting bhcgn
my profile picture
Nice picture...but remember...there's only 1 Cobra .
  • #6,739
  • Feb 25, 2009 6:41am Feb 25, 2009 6:41am
Quoting TradeWell
Nice picture...but remember...there's only 1 Cobra .
Cobra is king,i am only a faithful henchman
  • #6,740
  • Feb 25, 2009 7:16am Feb 25, 2009 7:16am
Quoting SpecialEd
I have to look at M15 and longer-term to see the trend. I usually trade off M5 but look at M1 immediately before I "pull the trigger". As long as M5 is still a go, if M1 says yes, I execute the trade.

I think we said about the same thing. Longer timeframes show a better representation of the current trend, while shorter timeframes show more "every-minute noise", which can be confusing. Bottom line, if you trade longer TF, expect to wait longer for more PIPs. If you trade shorter TF, be ready to get out of a trade with minimal PIPs, and be...
Thanks...now understand what you mean..
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