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THV system, final edition

  • #9,901
  • Apr 23, 2009 10:02am Apr 23, 2009 10:02am
Hi everybody
Very nice thread, I love THV.
Thanks a bunch to all contributors


Quoting erfan_hi
dear misspips
would you please uploade your thv mtf rsi histo andicator here for us?
and tell me alittle about it ?
good luck
Misspips, please let us know more about THV MTF Chop Histo too

Nice day everybody
  • #9,902
  • Apr 23, 2009 10:15am Apr 23, 2009 10:15am
Greetigs !
I am new to this strategy. I want to say thanks to everyone who developed it and continue developing it. But I find difficulties in understanding the entry rules.

So I take long cuz the price crossed the cloud and the lower trix is green am I right ? http://img183.imageshack.us/img183/7863/ddss.png

And i will be grateful if anyone summarize for me the new indicators attached to the strategy and the use of them. Thanks in advance !
  • #9,903
  • Apr 23, 2009 10:26am Apr 23, 2009 10:26am
atton,

You took a counter trend trade, PA was below the red coral. Those trades are short lived, risky, and not very profitable, stay away for now, your patients will be rewarded for the right setup. Your trix was also below the 0 line which indicates bearish PA. I use the 0 line instead of the coral for an indication of bullish or bearish PA.

Download cobra's pdf on the rules, I must have read and reviewed them fifty times, on a lunch break, morning coffee, taking a dump, the more you read them you start picking up the small stuff.

McD
  • #9,904
  • Apr 23, 2009 10:34am Apr 23, 2009 10:34am
DrMrDDC,
thanks alot !
I ve read the instructions 10 times probably. I have another question. Should I enter trade only when the trixs cross eachother or the change of the color is enough for openning a possition ?
  • #9,905
  • Apr 23, 2009 10:43am Apr 23, 2009 10:43am
Quoting atton
DrMrDDC,
thanks alot !
I ve read the instructions 10 times probably. I have another question. Should I enter trade only when the trixs cross eachother or the change of the color is enough for openning a possition ?
Hi atton. Welcome to the thread . It depends on your risk profile. Entering a trade when fast trix change color but not cross yet will give you smaller SL but a bit risky since it is not confirmed yet the trend has been established. On contrary, entering on both trix crossing will give you "more certain" trend but it takes bigger SL and also smaller profit. Most of my trade is based on 15m TF and I use only fast trix color change to execute my plan since 15m will need larg SL if you can't manage it well.

Note also closer fast and slow trix distance each other will give you better result when entering your trade. It's all my opinion as a user here.

Btw, you can use those Attachment button on the editor to attach image rather than using imageshack.
Manage your risk accordingly and you're half done your home work.
  • #9,906
  • Apr 23, 2009 10:45am Apr 23, 2009 10:45am
Yay! Fast response again. Thanks again!
  • #9,907
  • Apr 23, 2009 10:54am Apr 23, 2009 10:54am
Quoting MissPips
I wouldn't toss out the coral so fast. It's impossible to document every setup, but there is a really nice one with the coral when you have
PA just crossing the coral, and a trix cross right on the zero line.
If you also have the first four lights and one of the cloud lights (which is less than 6) this is usually a great trade.
Thanks MissPips

I have seen that one a couple times and was wondering if that was a valid trade since it was not part of the rules.
  • #9,908
  • Apr 23, 2009 11:05am Apr 23, 2009 11:05am
hi caveman

great EA indeed!

please have a look at this:

Entry Buy @ 1.3053
R1 Pivot @ 1.3051

Immediately within seconds after executing the buy order, the EA closed a partial position at 1.3051 with a loss of -2 pips because it thought it hit a pivot target. The partial close was also not recognized as a profit-taking.

It's my guess that's because my entry was 2 pips above the R1 line and the spread is 2 pips as well.

Later it took the 10 pip profit, as well as a 10 pip loss, which was fine.
Please check it out.

Thanks
AZBOfin
Attached Image (click to enlarge)
Click to Enlarge Name: shot4.gif Size: 43 KB
  • #9,909
  • Apr 23, 2009 11:21am Apr 23, 2009 11:21am
Hi erfan,

That's based on the Synergy method (not-Thv) so I don't want to clutter up the thread. If you pm me your email I'll send it to you.

Quoting erfan_hi
dear misspips
would you please uploade your thv mtf rsi histo andicator here for us?
and tell me alittle about it ?
good luck
  • #9,910
  • Apr 23, 2009 11:21am Apr 23, 2009 11:21am
Quoting personalme
Note also closer fast and slow trix distance each other will give you better result when entering your trade. It's all my opinion as a user here.
Personalme Thanks for sharing that.
Whats your SL on 15 min?
Thanks
Yea it's Life//
  • #9,911
  • Apr 23, 2009 11:24am Apr 23, 2009 11:24am
Quoting MissPips
I wouldn't toss out the coral so fast. It's impossible to document every setup, but there is a really nice one with the coral when you have
PA just crossing the coral, and a trix cross right on the zero line.
If you also have the first four lights and one of the cloud lights (which is less than 6) this is usually a great trade.
Awwww! Don't throw out the Coral.......! Not after I have sweated over getting those durned non-solid line styles to work right.....!

Hey, you know what? If you have tried the tri-color version of Coral, and with non-solid lines and have problems with them displaying right, here is a solution.....

I have found that if the Ichimoku Kinko Hyo is added to the chart as an indicator BEFORE you add the tri-color Coral indy, you are likely to have problems. BUT, if you add the Coral first, and THEN add the "cloud", the Coral seems to work just fine! So, with this clue, it is time to send MissPips out to spank these wrestling indys and get them to calm down and behave together.
  • #9,912
  • Apr 23, 2009 11:38am Apr 23, 2009 11:38am
Quoting traderathome
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, ........
Since that post last night (first chart) PA has been upwards, albeit whipsawing as seems to be the fashion these days. Based upon FEs applied to BB pinch on M30 chart, we could see 1.3100 - 1.3150 area today. I have some exits set in the 1.3113 to 1.3123 area.
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  • #9,913
  • Apr 23, 2009 11:41am Apr 23, 2009 11:41am
Quoting alsmith
SWEET! Great work Caveman--


THANK YOU

Now it would TOTALLY be DA BOMB if every feature [1-6] was hidden.




---Just say no to stop hunting.

Not having your SL on the server does not do much except raise risks in case of power failure, internet/computer outage etc. The big boys are still going to move the PA that will take out the stops even if the SL are not visible on the server. Once PA hits the SL, your EA will still take you out. The big boys are not after your SL, they are after everybody's SL. So it does not matter where your SL sits. So hiding it does not buy you anything.
  • #9,914
  • Apr 23, 2009 11:46am Apr 23, 2009 11:46am
Quoting serj1
Personalme Thanks for sharing that.
Whats your SL on 15 min?
Thanks
I have no fix SL. Usually I put my SL on highest price on last few HA bar or maximum 50 pips. In fact I rarely close my trade on -50. As cobra said, THV gives you a good view to trade with tight SL even on 15m and volatile pairs such as GU and EJ. EU usually varied from 20-30 pips.
Manage your risk accordingly and you're half done your home work.
  • #9,915
  • Apr 23, 2009 1:36pm Apr 23, 2009 1:36pm
err.. is just me dont understand how the trade manager works ?

i might not used the other options.. im more interested with TP batch by pips. static 20pips SL... so how this works .. when i manually open a trade, it make 3 instead ? how does it close it different positions if theres only one trade ?

sorry ... noob here ..
  • #9,916
  • Apr 23, 2009 2:30pm Apr 23, 2009 2:30pm
We are approaching the weekly and monthly pivots.

McD
Attached Image(s) (click to enlarge)
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  • #9,917
  • Apr 23, 2009 2:52pm Apr 23, 2009 2:52pm
Quoting DrMcDDC
We are approaching the weekly and monthly pivots.

McD
Yep, it's also 50% Fib of the last Bear move since 14th of april.

Good idea to watch out for a possible short confirmation in that area.

But I said confirmation, lol.

add: it's trying to break the 4H trendline as well
Attached Image (click to enlarge)
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  • #9,918
  • Edited 3:48pm Apr 23, 2009 2:59pm | Edited 3:48pm
Quoting doblece
I found this code on the MQL4 codebase for Ichimoku Kinko Hyo:
http://codebase.mql4.com/257

Though I couldn't tell with absolute certainty that it is indeed the code of the embedded indicator in MT4, there are fair chances that it shall be.
No, this is actually the same code as the "Ichimoku" Custom Indicator.mq4 in MT4. This one, with max width settings required to attempt to color fill the "cloud", comes out thicker than the std. indy, and with tiny open spots here and there.

There is definately a difference between the two, so far as the coding for the "cloud". The std. indy, which is not in .mq4 format, is far, far better. One thing though, in favor of the .mq4 Custom indy.....it does not interfere with the tri-color Coral! Interesting! There is definately a difference between them.

So, maybe someday, someone will post that indy's code here.

Meanwhile, if you don't mind the Custom Indy cloud being slightly thicker and with occassional very small spot holes, then here is Ichimoku Cloud.mq4. It is modified from the MT4 Custom Indy code. You can leave the Colors tab alone because everything....color and widths is entered on the Inputs tab, and only ONCE does it. No longer do you have to change the color and widths four times to get the job done, as with the Custom indy. Also, it has an "On/Off" switch. So, if for some reason you want the "clouds" to just up and blow away for a while, you can turn the indy off. Furthermore, width entries can exceed the normal limit of "5", so you can experiment with using larger numbers on smaller TF charts if you are fanatical about plugging holes.........
Attached File(s)
File Type: mq4 Ichimoku Cloud.mq4   7 KB | 917 downloads
  • #9,919
  • Apr 23, 2009 3:03pm Apr 23, 2009 3:03pm
Quoting traderathome
Since that post last night (first chart) PA has been upwards, albeit whipsawing as seems to be the fashion these days. Based upon FEs applied to BB pinch on M30 chart, we could see 1.3100 - 1.3150 area today. I have some exits set in the 1.3113 to 1.3123 area.
Just closed out the last portions of my trade at 1.3151 and 1.3152. Done!
  • #9,920
  • Apr 23, 2009 4:52pm Apr 23, 2009 4:52pm
Quoting traderathome
Just closed out the last portions of my trade at 1.3151 and 1.3152. Done!
Nice trade TAH, congrats
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