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THV system, final edition

  • #9,861
  • Apr 22, 2009 8:54am Apr 22, 2009 8:54am
[quote=pattinatore;2687017]
Quoting alsmith
i'll try also this thx.. but i prefer trading on divergence not mtf..

Clarification:

This is not [repeat] not a trading EA [robot]. All trading robots are EA's but not all EA's are necessarily "robots".

This will not trade for you.

It will not place a trade for you.

All it does is when you enter a TP value and SL value, when you place an instant execution trade, the robot goes to work, so there's no thought process to your trade. If you set SL to 15 like THV suggests, it will do that for you.

If you have TP of 10 [like THV suggests] then it will close the trade out at 10 pips --even if it could have been better.

This is designed to help keep your focus, to have guaranteed pips [in case the Greed Moster sets and you think there'll be more and more, and then there's none], or in case you believe you have a shady broker who'll spike prices on you, or to minimize losses, so you don't go chasing lost pips by staying in a bad trade that you think has the potential to turn around.
  • #9,862
  • Apr 22, 2009 9:28am Apr 22, 2009 9:28am
[quote=alsmith;2687250]
Quoting pattinatore
...

I have a similiar script...It will be more usefull.
I cannot get it worked...Just a correction , if i set the settings for EA (for exmpl TP=10 SL=15) and enable it, then when i execute trade it will automaticly set my TP SL values ? Also auto trading allowed and etc. etc. but never close with TP & SL....

Any suggestions ?
  • #9,863
  • Apr 22, 2009 10:33am Apr 22, 2009 10:33am
Quoting protyne
Hi guys, I was trying to follow the basic THV rules - price below cloud & TRIX crossed at 0. Also saw it close just under MR1 in last 2 periods and took the short entry at red vertical line.

Closed for 23pips profit at price label on chart.

Was it a gamble that paid off? I should have waited for another 5min till the TRIX fully crossed at not make the entry when its just at intersection?

Thanks
Protyne.
your entry was certainly ok, IMO. however, my setup (THV FFCal indicator) shows your entry candle as a news candle and therefore i wouldn't have taken this trade.

AZBOfin
  • #9,864
  • Apr 22, 2009 11:33am Apr 22, 2009 11:33am
Quoting alsmith
A good setup I've found is [5M]

5F
5S
15F
60F

2nd bar:

15S
30F
30S
60S
Hi Al

Good setup there. Quick question, I see you don't have the coral on your chart, do you just ignore it all together then? Also, do you wait for the candle to close to take the trade or as soon as all lights go in the direct of the trade?
  • #9,865
  • Apr 22, 2009 12:09pm Apr 22, 2009 12:09pm
hello world

i am trading the M5 TF.
re-entry for short @ 1.3004 at the first vert. red line (probably could have been a candle or two earlier but i wasn't watching) with a target of 20 pips and a SL of 15 pips. when PA hits 15 pips i moved SL to entry plus 5 to lock in at least some.

when the fast trix on the M5 chart changed to green i got cold feet an closed the trade manually with an 11 pips profit (second vert. red line)

looking at the charts now, i'm more than happy with my decision.

AZBOfin
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  • #9,866
  • Edited 12:47pm Apr 22, 2009 12:24pm | Edited 12:47pm
[quote=alsmith;2687250]
Quoting pattinatore


Clarification:

This is not [repeat] not a trading EA [robot]. All trading robots are EA's but not all EA's are necessarily "robots".

This will not trade for you.

It will not place a trade for you.

All it does...
okok but i have to use it only on tmf that i don't like.. or better, i can't trade.. i open the order when all6 ligts are green or red and i sistematically go in loss with sl at 15 and tp 10
i prefer trading with trix divergence so i can't use your wonderful script

however can u decribe what does your script do now?
  • #9,867
  • Apr 22, 2009 1:46pm Apr 22, 2009 1:46pm
Here is an update to this indie which allows you to toggle between HA and regular candles. The previous version had a bug (discovered by Traderathome) in that it didn't show candes where the open, close, high and low were equal
Attached File(s)
File Type: ex4 ToggleRegandHACandlesshiftv2.ex4   4 KB | 687 downloads
  • #9,868
  • Apr 22, 2009 2:57pm Apr 22, 2009 2:57pm
Thanks MissPips, this is real handy when I want to look at the price actions without being hindered by the HA. Appreciated

Have a good one
Jeff

Quoting MissPips
Here is an update to this indie which allows you to toggle between HA and regular candles. The previous version had a bug (discovered by Traderathome) in that it didn't show candes where the open, close, high and low were equal
~*~You are only one trade away from humility~*~
  • #9,869
  • Apr 22, 2009 3:38pm Apr 22, 2009 3:38pm
Traderathome's idea actually...

Quoting jharteam
Thanks MissPips, this is real handy when I want to look at the price actions without being hindered by the HA. Appreciated

Have a good one
Jeff
  • #9,870
  • Apr 22, 2009 5:48pm Apr 22, 2009 5:48pm
Quoting MissPips
Traderathome's idea actually...
Thank's Traderathome's idea and your effort in coding it.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #9,871
  • Apr 22, 2009 9:42pm Apr 22, 2009 9:42pm
This is an unusual request, but if I remember correctly I thought I saw a nifty doohickey program attachment that I could overlay a chart over another chart --without resizing windows or having them overlap weird--having to constantly click the bottom one to see it and keep doing this...


But now I can't find it or remember what it is, there's almost 2500 attachments to this thread and going through them would be daunting.


Yes, when I came here a month ago or so I read through all 500 pages...that's how I remember coming across this.

Is there a way to do this where I could have say, a 5M TF chart and the same pair with say a 15MTF on the same chart? Think of it like adding an indicator to the window/chart, so if the original cart was 15M TF, the "indicator" I attached would show the same chart only in a 5M TF

Or am I stuck using 2 video screens?


Working on a cool concept
  • #9,872
  • Apr 22, 2009 9:47pm Apr 22, 2009 9:47pm
Even if it's a little quite at the moment our team is working "underground".

In some hours Caveman, a THV EA Team member, will post a brand new trademanager which he coded.

It will be of great help to al MT4 traders.

So stay tuned.

alsmith, I have that indi somewhere in my toolbox, will have a look.
  • #9,873
  • Apr 22, 2009 9:52pm Apr 22, 2009 9:52pm
[quote=Wlfx;2687358]
Quoting alsmith


I have a similiar script...It will be more usefull.
I cannot get it worked...Just a correction , if i set the settings for EA (for exmpl TP=10 SL=15) and enable it, then when i execute trade it will automaticly set my TP SL values ? Also auto trading allowed and etc. etc. but never close with TP & SL....

Any suggestions ?

I don't write 'em, I just find them and is my contribution to the thread for the THV system as a whole--- more for new [er] traders who don't necessarily have the discipline to trade effectively/efficiently.

This isn't the proper place in the Forex Factory as a whole to ask this question... perhaps there is an EA section here you could post this?
  • #9,874
  • Apr 22, 2009 9:52pm Apr 22, 2009 9:52pm
Quoting alsmith
Or am I stuck using 2 video screens?


Working on a cool concept
You can find two of them in this thread page 3:
http://www.forexfactory.com/showthread.php?p=2662225
  • #9,875
  • Edited 10:35pm Apr 22, 2009 10:17pm | Edited 10:35pm
Quoting cobraforex
You can find two of them in this thread page 3:
http://www.forexfactory.com/showthread.php?p=2662225

Thanks, Cobra.

I knew I saw the concept somewhere, but it's not quite what I'm aiming for.

I actually want to have the same trading pairs [EUR/USD] on the same chart but be able to see the added chart [as an indicator] on a smaller TF.

That indicator is meant for different pairs on the same TF for comparative analysis.

So my original chart [for example] would be EUR/USD 15M TF, and I would be able to add onto that chart EUR/USD 5M TF and it would be added like an indicator, so the chart would have a top and a bottom, 15MTF on top and 5M TF on bottom, and I could add indicators to both respective windows and those indicators would give me the correct information for both TF's listed.
Any coders reading this thread is this concept conceivable?

I attached a picture of what I'm looking for..but I want it on 1 chart--not 2.
Attached Image (click to enlarge)
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  • #9,876
  • Apr 22, 2009 10:18pm Apr 22, 2009 10:18pm
Quoting MissPips
Basically I just ran out of buffers and I had to choose between the two M1 trixes or the 60. I choose M1f and 60 because, as someone pointed out earlier, it isn't wise to ignore the trend on the hourly. I chose the m1 f because it leads, and if you have the trix in your favor in enough other tfs it usually is enough to turn PA back in the direction of most of the lights.

I have to say though, that I don't ignore the m1 s. For a short, if it is green and flat or going flat, and all other conditions say go, I'll take it. If it is green and strongly...
Thanks for your knowledge from experience; I appreciate everyones sharing!
  • #9,877
  • Apr 22, 2009 10:38pm Apr 22, 2009 10:38pm
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,,,
MT4 comes packaged with the custom indicator called "Ichimoku", which displays a non-solid cloud made up of vertical lines and border lines. As with all the custom indicators, it is of the .mq4 format allowing access to the code. However, tucked away in the ordinary indicator list is the "Ichimoku Kinko Hyo" which accomplishes the solid cloud display. Unfortunately the indicators on that list are not of the .mq4 version allowing access to the code. Perhaps someday someone will be able to provide that hidden code. This is the "cloud" indy in THV...there to use, but not to modify beyond inputs allowed via the properties window.
  • #9,878
  • Apr 22, 2009 10:41pm Apr 22, 2009 10:41pm
Quoting gmcl02
Hi Al

Good setup there. Quick question, I see you don't have the coral on your chart, do you just ignore it all together then? Also, do you wait for the candle to close to take the trade or as soon as all lights go in the direct of the trade?

You are correct I don't use the coral. In the latest version of THV, the use of the lights makes the coral now just an option and not a necessary component of the system.

I've become familiar with how the market moves and I reference higher TF's with candlestick charts before entering a trade.

The lights are sufficient enough. I wait until the candle closes --you should always enter on the next candle--you'd be suprised how fast the PA will pull back on you once you enter a trade in the direction you think it's going--you'll close out your trade because you got scared, and a couple minutes later if you would have stayed in the trade would have gone the right way.

I can't tell you how I've learned that lesson/scenario the hard way...lol.

I also learned not to overleverage that way too.
  • #9,879
  • Edited 11:08pm Apr 22, 2009 10:57pm | Edited 11:08pm
Quoting alsmith
You are correct I don't use the coral. In the latest version of THV, the use of the lights makes the coral now just an option and not a necessary component of the system.
Correct, if you trade MTF you don't need the coral in my opinion.

We use the coral to make sure that we trade with the trend on our TF but the MTF secures even more that we aren't countertrend trading.

Quoting alsmith
I've become familiar with how the market moves and I reference higher TF's with candlestick charts before entering a trade.
The lights are sufficient enough.
That's the way to do it.
  • #9,880
  • Apr 22, 2009 11:33pm Apr 22, 2009 11:33pm
EU H1 Chart: What I see are bullish signs: double bottom, a "W" which mayl require a pullback, a pullback which will give us a second and higher LOW, the Bollinger band has squeezed and we have a breakout....consolidation normal before it runs hard, 89MA leveling off, some nice volume at the last bottom and during the BB breakout, Trix crossed down but remains in neutral territory and is poised to cross back up, ........
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