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THV system, final edition

  • #7,081
  • Mar 1, 2009 1:51pm Mar 1, 2009 1:51pm
Hello,

I believe 100% in ea's but ea users must be becareful on the ea they are using and backtesting is worthless as the markets today are trading like they never have before.

Regards,
Jeff

Quoting khelemen
Hi Crunk,

Some of traders don't believe in EA but some does. To be productive I believe, you can start a new thread in programing forum in FF, see if any programmer interested. Put it in detail your view with sample. Do manual back test first before creating the thread (until you confident, figure is important as well of entry and exit trigger)... show them your result first..

http://www.forexfactory.com/forumdisplay.php?f=69

Hope this help you.

regards,
  • #7,082
  • Mar 1, 2009 2:20pm Mar 1, 2009 2:20pm
Jeff.

We both know so much about all the issues that come with EAs. right?

I will NEVER let my pc trade unattended anyhow.

I look at it more as taking the psychological issues out of trading. like watching the charts and tell another trader when to enter and to exit.

I can do that without ANY feelings.
  • #7,083
  • Mar 1, 2009 2:24pm Mar 1, 2009 2:24pm
Hello Freddy,

Very true my friend. Trading today is nothing like it was a year ago or even 6 months ago. Manually trading applies to ea's as well.

Regards,
Jeff

Quoting Freddyfx
Jeff.

We both know so much about all the issues that come with EAs. right?

I will NEVER let my pc trade unattended anyhow.

I look at it more as taking the psychological issues out of trading. like watching the charts and tell another trader when to enter and to exit.

I can do that without ANY feelings.
  • #7,084
  • Mar 1, 2009 4:02pm Mar 1, 2009 4:02pm
Quoting fxxx
T., wanted to ask - why you need small bb? and why it calls double pinch?
by logic (if you look on your charts (any charts) - every pinch of larger bb is double
thank you
In that chart, the larger bb (brown) was not pinching/squeezing. I applied the Fib. Ext. tool to the inner BB pinch/squeeze (blue) in order to see what levels would say as I was looking for a trade exit area.
  • #7,085
  • Mar 1, 2009 4:22pm Mar 1, 2009 4:22pm
Hey guys,

does either the THV HA or THV3 Trix repaint?

By repaint I mean after the current candle is closed, does it change color by any chance?

Thx

PC
Less is more...
  • #7,086
  • Mar 1, 2009 4:25pm Mar 1, 2009 4:25pm
Quoting pipcruiser
Hey guys,

does either the THV HA or THV3 Trix repaint?

By repaint I mean after the current candle is closed, does it change color by any chance?

Thx

PC
Nope
  • #7,087
  • Mar 1, 2009 4:27pm Mar 1, 2009 4:27pm
Thanks

PC

Quoting cobraforex
Nope
Less is more...
  • #7,088
  • Mar 1, 2009 5:22pm Mar 1, 2009 5:22pm
For all of you who are looking for an EA to do the trading for you, let me save you some time and frustration...

Just send your money to me now...

First of all, I'm a nice guy - not like those mean, nasty brokers.

I promise I will spend the money so the world economy will get better.

You will save countless hours looking, only lose maybe two of three nights sleep, and your blood pressure will be much lower in the long run because of all the frustration you avoided...

T...
  • #7,089
  • Mar 1, 2009 6:14pm Mar 1, 2009 6:14pm
Quoting cobraforex
Nope
Actually, I have seen it repaint before. On the M1, I have seen the fast trix been repainted 2 candles after at least 2 or 3 times.
  • #7,090
  • Mar 1, 2009 6:21pm Mar 1, 2009 6:21pm
really? so backtesting is not that accurate i guess....

PC

Quoting poiu
Actually, I have seen it repaint before. On the M1, I have seen the fast trix been repainted 2 candles after at least 2 or 3 times.
Less is more...
  • #7,091
  • Mar 1, 2009 6:29pm Mar 1, 2009 6:29pm
Quoting pipcruiser
really? so backtesting is not that accurate i guess....

PC
It is only repainting while the current candle has not closed but does not repaint past closes. I used to have this problem with stochastics so I would have the value set at open instead of close.
  • #7,092
  • Mar 1, 2009 6:30pm Mar 1, 2009 6:30pm
Trading methods
Seykota is a trader who in 1970 pioneered a computerized trading system (now known as System trading) for the futures market for the brokerage house he and Michael Marcus were working for. Later, he decided to venture out on his own and manage a few of his client's accounts.
Much of Seykota's success was attributed to his development and utilization of computerized trading systems to which he first tested on a mainframe IBM computer. Later on, the brokerage house he had been working for adopted his system for their trades.
His interest in creating a computerized system was spawned after he read a letter by Richard Donchian on utilizing mechanical trend following systems for trading and also Donchian's 5 and 20 day moving average system. He was also inspired by the book Reminiscences of a Stock Operator. His first trading system was developed based on exponential moving averages.
Ed Seykota, Market Wizards
“Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible.”
Seykota improved this system over time, adapting the system to fit his trading style and preferences. With the initial version of the system being rigid, he later introduced more rules into the system in addition to pattern triggers and money management algorithms.
Another aspect of his success was his genuine love for trading and his optimistic demeanour. This factor sustained his efforts to continuously improve on his system although he never changed the response indicators of the system and instead fine tuned market stimuli.

  • #7,093
  • Mar 1, 2009 6:31pm Mar 1, 2009 6:31pm
Quoting TradeWell
It is only repainting while the current candle has not closed but does not repaint past closes. I used to have this problem with stochastics so I would have the value set at open instead of close.
No, I have seen it repaint after 2 candles (meaning one closed, another, and on the 3rd it repainted the past two candles' trix colors).
  • #7,094
  • Mar 1, 2009 6:31pm Mar 1, 2009 6:31pm
Sorry Cobra, I am a trader too but my poor history is because I usually work on another forum...
  • #7,095
  • Mar 1, 2009 6:33pm Mar 1, 2009 6:33pm
What I like in this system is because the indicators are not repainting...but maybe the THV Trend indicator repaints a bit...To be confirmed...
  • #7,096
  • Mar 1, 2009 6:34pm Mar 1, 2009 6:34pm
Good Job Cobra... You made a very good work!
  • #7,097
  • Mar 1, 2009 6:46pm Mar 1, 2009 6:46pm
I am a programmer and if that's true many strategies cannot be turned to eas, I can assure you that this one is doable...every step you think of when trading this strategy can be coded! This strategy is excellent and rules are simple! More complex strategies have their ea, there are even eas with genetic algos and that's AI! The THV system even does not need such complex algos!

I know what I'm talking about...I will post it here but I just need to use in a championship for now so I will send it to you with source code...You'll do whatever you want with it maybe someone will come out with better parameters, no need to protect source code because i dont need to sell any FAP and as an opensource coder I'd like to see what new ideas I can get from other coders too and non coders as well...

I've even coded the ea so as it does stop sending orders when reaching a certain percentage of my current balance, or after a certain number of trades or only at some session times and so on...It works great on the tester I'd like to see it working for real...I am going to use it in my live account and in the championship as well and I will come back with both source code and my results...
  • #7,098
  • Mar 1, 2009 6:54pm Mar 1, 2009 6:54pm
Here's my setup...(I am a swing trader )...
You can see the ea attached to the chart in the top right side (DailyPips is how i call it... )

http://screencast.com/t/ijHNaYYD5jL
  • #7,099
  • Mar 1, 2009 6:59pm Mar 1, 2009 6:59pm
Quoting ollytrader
Sorry Cobra, I am a trader too but my poor history is because I usually work on another forum...
Ok, no problem Olly.

We are looking forward on your contribution with the EA you created and if it is profitable we can open another thread for it, but this thread is exclusively for manual trading.

good luck in the championchip
  • #7,100
  • Mar 1, 2009 7:02pm Mar 1, 2009 7:02pm
Thx a lot Cobra I love your system....
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