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THV system, final edition

  • #9,601
  • Apr 15, 2009 12:51pm Apr 15, 2009 12:51pm
Quoting aserbfx
just cashed 34 pips. eur/usd long. really a great system.
thank you very much cobraforex and all!
danke für die viele arbeit und zeit, die du hier investierst, cobra!

First of all, congratulations on the successful trade.
May I ask the settings you use for the TrixHistoBar? The default settings I use, show a different picture.

Thanks
  • #9,602
  • Apr 15, 2009 1:04pm Apr 15, 2009 1:04pm
Quoting MissPips
The alarm on the mtf trix histo goes off when the boxes in all four rows are the same color (whatever you defined those rows to be). Can't do an alarm on six yet.

If you have 1m f and 5mf the same color (say green) then you just need any four more green lights from either of the trix histos or the cloud histo

Don't forget to watch out for divergence and don't trade against i.
thanks for ur help.

Pip_Seeker88
  • #9,603
  • Apr 15, 2009 1:10pm Apr 15, 2009 1:10pm
Quoting ssotiro
First of all, congratulations on the successful trade.
May I ask the settings you use for the TrixHistoBar? The default settings I use, show a different picture.

Thanks
really? i think i didn't changed the settings at all. the M5 chart always shows me the M1 fast slow and M5 fast slow. hope that helps.
meine augen sind die sterne
  • #9,604
  • Apr 15, 2009 1:14pm Apr 15, 2009 1:14pm
hello cobra, thanks for your great system !

i see u r german - bietest du auch cobra-thv-system-seminare an ? ich wäre jedenfalls gerne dein schüler

greetz,
tex
  • #9,605
  • Apr 15, 2009 1:17pm Apr 15, 2009 1:17pm
Not so far. Too tired to try anything now. I'll probably give it a try in the morning.

Thanks for the reply.
  • #9,606
  • Apr 15, 2009 1:31pm Apr 15, 2009 1:31pm
Quoting ronm7d
hi gmcl02
thanks gmcl02 for your advice and support to me. btw do you full time forex trader ? could you share your experience during in forex world? thanks for the answer.
Ron

I actually only trade part-time. However my job allows me to look at the charts without much interruption most days. I only trade the E/U and on the London/US session but sometimes I get up early in the morning to try to catch some trades (3am est - US Time). I demo for 3 months before going live though so take your time.
  • #9,607
  • Apr 15, 2009 2:42pm Apr 15, 2009 2:42pm
Quoting aserbfx
just cashed 34 pips. eur/usd long. really a great system.
thank you very much cobraforex and all!
danke für die viele arbeit und zeit, die du hier investierst, cobra!
Hi,
I think maybe your TRIX histo indicator is set up incorrectly.

Your chart shows the M5 TF and AFAIK your TRIX histo should be looking at the higher TF's - M15 & M30. This will then match your Cloud histo which is already looking at M15 & M30, so giving you a complete picture of what is happening on these TFs.

I believe the idea behind the histo indicators is to let you look at what is happening on higher TFs without having to switch screens. On your chart you are already looking at the TRIX on M5, so there is no point in having a histo square telling you what you are already looking at.

Similarly on your M1 chart you should have the Cloud histo showing you the state of the cloud on M5 & M15 and your TRIX histo showing you the state of the TRIX on M5 & M15. On an M15 chart you would be set up to look at M30 & M60 etc.

Hope this helps - if I am wrong, please someone give me a shout.

Happy trading
  • #9,608
  • Apr 15, 2009 2:48pm Apr 15, 2009 2:48pm
Hi all,

I have one special question.
I use THV with success at my home PC, but at work I use car a lot and I cannot trade during London, EU open times. I want buy some cheap, small laptop like Asus EEE or Dell 10" Inspiron atc.

Have somebody this type of Netbook and use it for trading with THV?

At my home PC (3,4GHz Pentium), MT4 with runnig THV a little freeze, when price changing fast (Alpari UK).I am a little afraid if Intel Atom processor is sufficient for THV system.
  • #9,609
  • Apr 15, 2009 3:04pm Apr 15, 2009 3:04pm
Quoting EuroUP
Hi all,

I have one special question.
I use THV with success at my home PC, but at work I use car a lot and I cannot trade during London, EU open times. I want buy some cheap, small laptop like Asus EEE or Dell 10" Inspiron atc.

Have somebody this type of Netbook and use it for trading with THV?

At my home PC (3,4GHz Pentium), MT4 with runnig THV a little freeze, when price changing fast (Alpari UK).I am a little afraid if Intel Atom processor is sufficient for THV system.
Hi,
When I am travelling I use THV on an MSI Wind running the Atom processor in overclocked mode (built into the machine).

OK for about 3 charts so long as you do not load in more indicators. You can ease the load a bit by running two instances of Metatrader in separate directories. Check elsewhere in the forum if you are not sure how to do this.

I also use a larger screen and have a separate java app running my broker software. The whole thing works very well for the size and weight, but you do need a very clean Windows XP set up and need to know how to set up XP for best performance. If you know how, use the Task Manager to kill any processes you really don't need and don't add any unnecessary programs.

Best of luck

P.S. You may need to update/tune WiFi drivers to get a good constant Internet connection.
  • #9,610
  • Apr 15, 2009 3:10pm Apr 15, 2009 3:10pm
Hi

Maybe Cobra or MissPips can comment on this one, just trying to learn this system a little more. In the attached shows a trade I took because it showed a slight bearish divergence although the chart did not show it. According to the MTF recommendations on trading divergences is that you can when PA is over extended. Was able to get +10 pips from it.

Any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: trade.JPG Size: 77 KB
  • #9,611
  • Apr 15, 2009 3:12pm Apr 15, 2009 3:12pm
can someone upload a template with the MTF indicator setup. I dont which is the right setup?

And also explaind me when to go long and when to go short. I can not get understand that from the MTF pdf.

Just need a easy explanation.

Thx and good work cobra & team
  • #9,612
  • Apr 15, 2009 3:29pm Apr 15, 2009 3:29pm
nice one!

Quoting gmcl02
Hi

Maybe Cobra or MissPips can comment on this one, just trying to learn this system a little more. In the attached shows a trade I took because it showed a slight bearish divergence although the chart did not show it. According to the MTF recommendations on trading divergences is that you can when PA is over extended. Was able to get +10 pips from it.

Any comments?
  • #9,613
  • Apr 15, 2009 3:43pm Apr 15, 2009 3:43pm
Quoting gmcl02
Hi

Maybe Cobra or MissPips can comment on this one, just trying to learn this system a little more. In the attached shows a trade I took because it showed a slight bearish divergence although the chart did not show it. According to the MTF recommendations on trading divergences is that you can when PA is over extended. Was able to get +10 pips from it.

Any comments?
you went against the coral and a few minutes after the news and a few minutes before another news

Also, get thv 3 template . It will help
  • #9,614
  • Apr 15, 2009 4:04pm Apr 15, 2009 4:04pm
Quoting macman
Hi,
I think maybe your TRIX histo indicator is set up incorrectly.

Your chart shows the M5 TF and AFAIK your TRIX histo should be looking at the higher TF's - M15 & M30. This will then match your Cloud histo which is already looking at M15 & M30, so giving you a complete picture of what is happening on these TFs.

I believe the idea behind the histo indicators is to let you look at what is happening on higher TFs without having to switch screens. On your chart you are already looking at the TRIX on M5, so there is no point in having a histo square...
thanks for the input, macman. it makes sense. i will think about it.

p.s. just realized that you can easily change the tf for the mtf trix histo by setting "true" at the autotimeframe in the settings.
meine augen sind die sterne
  • #9,615
  • Apr 15, 2009 4:22pm Apr 15, 2009 4:22pm
The THV works great with the old EEE even better on the newer ones.
(I don't use Alpari) but I have no freezes.

Ofer


Quoting EuroUP
Hi all,

I have one special question.
I use THV with success at my home PC, but at work I use car a lot and I cannot trade during London, EU open times. I want buy some cheap, small laptop like Asus EEE or Dell 10" Inspiron atc.

Have somebody this type of Netbook and use it for trading with THV?

At my home PC (3,4GHz Pentium), MT4 with runnig THV a little freeze, when price changing fast (Alpari UK).I am a little afraid if Intel Atom processor is sufficient for THV system.
  • #9,616
  • Apr 15, 2009 4:55pm Apr 15, 2009 4:55pm
can someone upload a template with the MTF indicator setup. I don't know which is the right setup?

And also explained me when to go long and when to go short. I can not get understand that from the MTF pdf.

Just need a easy explanation.

Thx and good work cobra & team
  • #9,617
  • Apr 15, 2009 5:14pm Apr 15, 2009 5:14pm
Quoting bladerunner
can someone upload a template with the MTF indicator setup. I don't know which is the right setup?

And also explained me when to go long and when to go short. I can not get understand that from the MTF pdf.

Just need a easy explanation.

Thx and good work cobra & team
Welcome Bladerunner

THV3 Multiple Time Frame (MTF) Rules

Coded by Miss Pips, a big applause to her for all the time and efforts in this project.

Edited by TradeWell, Cobraforex and the THV Team
Regular Trades:

1) Trade when you get 6 green or 6 red lights total out of all Trix histograms.

2) Two of the lights have to be in the first two rows (m1 and m5)

2a) Trade direction must be away from the Coral – basically, only go long above, and short below.

3) Take the trade as soon as PA touches below/above the Cloud (don't wait for a close below or above)

4) Don’t trade when you see divergence in the opposite direction. Divergence not only gets you into good trades earlier, it also keeps you out of bad ones.
Exit at 10 pips profit and use a 15 pip SL (or ATR, whichever is larger).

My addition: I like to wait for the Trix to cross BEFORE I take the entry.

The suggested setup uses 1m fast, 5m fast, 5m slow, 15m fast, 15m slow, 30m fast, 30 m slow and 60 m fast Trix histograms, and the Ichimoku histogram (Cloud Historgram) uses the 5 m and 15m clouds. It has been tested for use on the M1, EURUSD chart. Other currency pairs and TF's may require adjustments to these rules.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf template.gif Size: 41 KB
Attached File(s)
File Type: tpl thv v3 with mtf histograms.tpl   28 KB | 956 downloads
Without vision, the people will perish.
  • #9,618
  • Apr 15, 2009 5:50pm Apr 15, 2009 5:50pm
Hi ForexTrader

Thanks for your comment. That trade I took was actually around 1pm (US Time). There was a news event but it was very low impact so didn't expect it to move price much, but I understand what you're getting at. Went against the coral because it was a divergence and trix was overextended.

I did try the thv3 template with the histos but found that it only confused me more, too many things to look at and decipher. I prefer this chart a little better.
  • #9,619
  • Apr 15, 2009 6:32pm Apr 15, 2009 6:32pm
I wanted to try this on a 1M TF [I like 5 and 15 myself].... not exactly the "perfect" THV setup, but you can see my entry the candle closed below the coral.

I took the THV 10 pips. I have an EA attached that closes trades for me once my initial traget has been reached.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 min scalp.gif Size: 39 KB
  • #9,620
  • Edited 8:09pm Apr 15, 2009 8:08pm | Edited 8:09pm
Hello Guys,

Made Demo on Asian, with EJ, and found two nice RISKY trades, but still profitable. That probes how strong is this system. The main problem is that I have 4 to 5 PIPs Spread, that also was paid, but is really expensive for that small trades.

Thx to All THV Team.

MissPips, thx for your last explanation, was really usefull to understand cmpletely the system.


Attached Image (click to enlarge)
Click to Enlarge Name: mtf ej 1m.gif Size: 38 KB
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