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THV system, final edition

  • #9,821
  • Apr 21, 2009 8:16am Apr 21, 2009 8:16am
Quoting MissPips
What I do (for example) is draw a T/L from low to low on PA, and low to low on the trix (or high to high and high to high). If one of the trendlines is flat, I skip the trade. I want to see one of them clearly sloping in one direction and the other clearly sloping the the other direction.
Thank you! I appreciate the response.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #9,822
  • Apr 21, 2009 10:59am Apr 21, 2009 10:59am
hi all

i didn't enter this trade because it would've been too close to R1. do i see this correct?

thanks
Attached Image (click to enlarge)
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  • #9,823
  • Apr 21, 2009 11:32am Apr 21, 2009 11:32am
Hi all-

I've been busy last few days..good to see everyone's doing well here.

I posted a trailing stop EA not too long ago to compliment THV system..a lot of people thought it was complicated, so here's one that's really simple.

No stop hunting here! Broker's can't see it

Just type in the values for S/L and T/P and you place your order [Instant Execution] and let the EA do the rest.

THV values would be SL=15 and TP=10

Although if you wanted to gamble you would have to disengage the EA from the chart.

Find the settings that work for you.


Meant to compliment THV.

Enjoy.
Attached File(s)
File Type: mq4 HIDDEN TP&SL_EA.mq4   3 KB | 872 downloads
File Type: ex4 HIDDEN TP&SL_EA.ex4   3 KB | 630 downloads
  • #9,824
  • Apr 21, 2009 11:42am Apr 21, 2009 11:42am
Quoting AZBOfin
hi all

i didn't enter this trade because it would've been too close to R1. do i see this correct?

thanks
Hi AZ. I'm not an expert here but let me share my thought.

Technically yes. It'll be better to enter long right after PA make break/retest of sup line. Comparing with the price now, you'll be happy not taking that position . But above that thing, it is important to have a correct bias before looking a trade. My bias for this week is still on bear move (unless until 1.3 break). Thus, I'm looking only short. Today PA seems not too good on shorting. But still on the green pips so far.
Manage your risk accordingly and you're half done your home work.
  • #9,825
  • Apr 21, 2009 11:43am Apr 21, 2009 11:43am
Quoting AZBOfin
hi all

i didn't enter this trade because it would've been too close to R1. do i see this correct?

thanks
Absolutely correct.

That level was touched 3 times without break, that means it's proved as a good resistance. It's better to wait for a clean breakout, if happens.

Other than that the London session was closing soon (8 min.), some profit taking could have touched your SL.
  • #9,826
  • Apr 21, 2009 11:49am Apr 21, 2009 11:49am
Quoting alsmith
Hi all-


I posted a trailing stop EA not too long ago to compliment THV system..a lot of people thought it was complicated, so here's one that's really simple.


Meant to compliment THV.

Enjoy.
No problem to post these tools.

Only in case of indicators please contact the Team before like you already did.
  • #9,827
  • Apr 21, 2009 11:50am Apr 21, 2009 11:50am
If you are trading the original THV rules which require a trix cross, then yes, because you don't have enough room for PA to move.

If you are trading 6 lights, then the right entries are at the two green lines where you see 6 green lights and you have 10 pips of room to move between PA and the nearest obstacle.

Quoting AZBOfin
hi all

i didn't enter this trade because it would've been too close to R1. do i see this correct?

thanks
Attached Image (click to enlarge)
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  • #9,828
  • Apr 21, 2009 12:35pm Apr 21, 2009 12:35pm
Quoting MissPips
Hi Rob,
My reason for this is because if you have 6 green lights you are really trading in the direction of the main trend and a change in 1m f is usually enough to pull PA back in that direction. (But if you want to trade more conservatively, you can still wait for a trix cross and the m1 s, even when you have 6 green lights.)
hi misspips .. talking about the light, the current alert is for all 4 green right . is it possible to set it to user preference ..for example, if i trade on 3 lights on first row, i put 3 .. so it will alert me if theres 3 light in any order lights up.
  • #9,829
  • Apr 21, 2009 12:37pm Apr 21, 2009 12:37pm
thank you all for your input!

Quoting cobraforex
Other than that the London session was closing soon (8 min.), some profit taking could have touched your SL.
i have never thought of that - need to learn looking at the big picture

@ misspips: i'm thrown between "traditional" THV and the "6-light setup". your M1 setup is too fast for me though. i can't keep up with those swings. but your input is very helpful - as always.

the wife is calling for dinner the 5th time already... bon appetit

AZBOfin
  • #9,830
  • Apr 21, 2009 1:06pm Apr 21, 2009 1:06pm
Quoting cobraforex
No problem to post these tools.

Only in case of indicators please contact the Team before like you already did.

That's right ALWAYS obey the rules. Everyone's a winner
  • #9,831
  • Apr 21, 2009 1:25pm Apr 21, 2009 1:25pm
The only way to do that right now is to add another instance of the indie with just the 3 you want. (For example if you trade on 1m f, 5m f and 5m s, add an instance that has those three, and repeats one of them for the fourth row.

Quoting cfp85
hi misspips .. talking about the light, the current alert is for all 4 green right . is it possible to set it to user preference ..for example, if i trade on 3 lights on first row, i put 3 .. so it will alert me if theres 3 light in any order lights up.
  • #9,832
  • Apr 21, 2009 2:38pm Apr 21, 2009 2:38pm
Hi,

How do we get those green/red arrows under the candles as
shown in this chart.

Thanks.

Quoting proverbs
gmcl02, karun, personalme,
Thank you, I appreciate your input and perspective.

jharteam,
Thank you, Good distinction and I now see that I was using the M5 incorrectly as a confirmation. I like pattern hunting too, so I now see where that approach can be used...



cobraforex,
Thank you, I was wandering how I could use the M5 fast trix "change" as a leading indicator for a setup on M1. This idea seems to get us ahead of the PA movement. Brilliant!

I attached your idea and will integrate this moving forward.
Attached Image (click to enlarge)
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  • #9,833
  • Edited Apr 22, 2009 12:45am Apr 21, 2009 2:44pm | Edited Apr 22, 2009 12:45am
Quoting millionaire7
Hi,

How do we get those green/red arrows under the candles as
shown in this chart.

Thanks.
It is a Stoch Indicator that is not part of the THV system. Something I have been testing.

The name of the indicator is called Color Stochastic v1.02 if you want to Google it.
  • #9,834
  • Apr 21, 2009 3:06pm Apr 21, 2009 3:06pm
I've been busy playing with my butterflies......

McD
Attached Image (click to enlarge)
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  • #9,835
  • Apr 21, 2009 4:15pm Apr 21, 2009 4:15pm
Quoting DrMcDDC
I've been busy playing with my butterflies......

McD
lot of butterfly!! how can u trade them? i use zup.. wich indicator is it?
  • #9,836
  • Apr 21, 2009 4:52pm Apr 21, 2009 4:52pm
I got this from nen and pucio, it's 9 zup indicators on one chart. I wait for the price extreme, then use the THV trix for entry (D point), the larger the timeframe the bigger the bounce, that red bounce was a daily, got hit like a freight train (daily pivot). I have to use larger TFs, I have a day job and the trades are easier to manage.

Its not true THV, I just wanted to post the chart and share my THV setup.

McD
  • #9,837
  • Apr 21, 2009 5:23pm Apr 21, 2009 5:23pm
Quoting DrMcDDC
I've been busy playing with my butterflies......

McD
Hmmm, looks interesting Doc.

But sometimes people say "less is more".

but as long as you know what is what it's ok, I guess.
  • #9,838
  • Apr 21, 2009 8:38pm Apr 21, 2009 8:38pm
hi guys!

first let me thank you all who collaborated in this project... it is great, and the prettier part of it is the sharing... thank you!

i am not a professional programmer, but i've being busy with MT4 trying to learn it. and i am quite curious to know how you guys made the cloud of Ichimoku indicator become like that solid blue (in spite of the zoom you might apply on it) .

thanks again, and let's pip,,,
  • #9,839
  • Apr 21, 2009 8:49pm Apr 21, 2009 8:49pm
Quoting brspMA
hi guys!

first let me thank you all who collaborated in this project... it is great, and the prettier part of it is the sharing... thank you!

i am not a professional programmer, but i've being busy with MT4 trying to learn it. and i am quite curious to know how you guys made the cloud of Ichimoku indicator become like that solid blue (in spite of the zoom you might apply on it) .

thanks again, and let's pip,,,
it's not so much "coding" rather than adjust the settings of an indicator, and apply/save those settings in a template [in a template [Most] indicators, once you set them and save them to a template] will save those settings.
  • #9,840
  • Apr 21, 2009 8:59pm Apr 21, 2009 8:59pm
Quoting brspMA
hi guys!

first let me thank you all who collaborated in this project... it is great, and the prettier part of it is the sharing... thank you!

i am not a professional programmer, but i've being busy with MT4 trying to learn it. and i am quite curious to know how you guys made the cloud of Ichimoku indicator become like that solid blue (in spite of the zoom you might apply on it) .

thanks again, and let's pip,,,
Like alsmith already pointed out (thanks a..) it's the settings.

If you go to properties of the Ichimoku indi you will see that Kumo Up and Down are configurated in thickness 5.
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