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THV system, final edition

  • #9,981
  • Apr 25, 2009 7:58pm Apr 25, 2009 7:58pm
Quoting eaglestar
where can i find that fib indicator
It is not a fib indicator. It is the built-in MT4 Fibonacci Expansion tool to which I added levels.
  • #9,982
  • Apr 25, 2009 8:15pm Apr 25, 2009 8:15pm
Quoting protyne
Thanks macman.

Got another question, say my account is $1000. I only trade EUR/USD at 0.1 lot. So 1 pip loss is $1.00 right?

Based on not risking more than 2% per trade on MM. My max SL would be 20 pips? So if a entry opportunity appeared but requiring ATR 30 pips SL. I should avoid that entry?

Thanks for advising!
You see above Cobra limiting you to .05 (5 micro lots), and I wholeheartedly agree. As a test, I did a demo account a while back starting at $1,000 trading .01 entry, .01 more if pulled against me at least 25 pips, and .01 more if it did that again. I repeated this for a max investment of .05 and then I would sit pat and wait for the next ride in my direction. At that point I had up to .05 on a trade that went against me, but they all eventually came back. As I made money I increased trade sizes accordingly. In about seven weeks the account went over $50,000.00! Believe me, the key to trading is trading light, so you won't get liquidated (forcefully closed out at a big loss) and so you can take advantage of PA when the right time comes. I am not recommending staying in a trade that goes against you. But I did, just as an experiment over those 6 weeks. The key was trading REAL LIGHT.
  • #9,983
  • Apr 25, 2009 8:16pm Apr 25, 2009 8:16pm
Quoting traderathome
Read the notes at the top of the compile. Download the .mq4 file and insert it in experts/indicators folder. When you open MT4, click on MetaEditor. Goto indicators files and find this .mq4 listed. Double click on it and you will find the compiling and what you are looking for is at the top in notes I placed there.

Well, I did read it,,,but there still is no clear definition of what each color bar represents ..all I gather is that each color represents a precentile of strength.

I do know that high volume are thick bars, low voume would be thin..but do they represent spread too as in the CDRW indicator?

So, it would be nice to have a run down of color--what each one represents for the percentile--- and if it also means high/low spread [because after doing some looking, blue doesn't necessarily mean Buyer and Magenta doesn't necessarily mean Seller.


Once I have this figured out, I'm sure it will be a great asset to me and my trading.

Thanks for your efforts Miss Pips and T@H



Volumes Emphasized:
First off, my expression of grateful thanks to MissPips for adding
the crown of glory to this effort....the real-time update of the
current volume bar percentage indicator.
Enhancements are added to the core coding of the copyright indicator
to enable the normal volume histogram to be seen along with volume
graduations generated by the core code. The histogram can be resized
down in the display window (shrink it) so that this indicator can
co-exist with another in the same window, yet occupy only the lower
regions of the window. The ShrinkNumber "1" sets a normal sized
display. Using "2" cuts the display height in half, "3" into a third,
"4" into a fourth, etc. The graduation bars display as their normal
height within the histogram. They can be emphasized with different
colors and by varying their width from the normal bars they overlay.
You can alter the graduations. Originally they were bars below average,
0-38.2% avg., 38.2%-61.8% avg., 61.8%-100% avg., and over 100% avg.
The below average bars are now just part of the normal histogram.
But the range from 0%-100% can be graduated differently by the user.
Instead of using 38.2 and 61.8 to divide that range into three parts,
you could use 33.33 and 66.66, or 25 and 50, etc. This is useful if
you want to NOT show so many different colors bars, maybe showing only
those between 50-100 and over 100. By selecting 25, 50 and then
coloring the 0-25 and 25-50 the same as the normal bars, you will
reduce the display of colored bars to just those in the 50-100 and the
100+ graduations. You can eliminate the display of selected graduations
by setting their width and color to the same as the normal histogram.
You can eliminate the display of the normal histogram and selected
graduations by coloring them "CLR_NONE", of if this does not work
satisfactorily, color them the same as the chart background color.
This will cause only the remaining graduated colored bars to be shown.
The Color tab of the Indicator's Properties Window allows you to set
the color and width of the normal histogram, of the three graduations
between 0-100, and the 100+ graduation. In addition to these, the
first two items on the list are for the zero line (normally not used)
and an extra, "Phantom" normal histogram. It is required to maintain
the indicator window height when the display is "shrunken" within the
window of another indicator. This item should always be made invisible
using "CLR_NONE" as the color choice. If this does not work, then it
should be colored the same color as the chart background.
- Traderathome
  • #9,984
  • Apr 25, 2009 9:11pm Apr 25, 2009 9:11pm
Quoting cobraforex
As long as you don't archive at least 5% gains monthly and constantly I would trade 0.05 lots as max with an account balance of 1K if your broker allows that.
Hi Cobra, just to confirm my understanding. I should adjust my position size so that I can adhere to the ATR min pip SL and also not exceed the 2% of my account?

Thanks for advising!
  • #9,985
  • Apr 26, 2009 12:07am Apr 26, 2009 12:07am
Quoting alsmith
Well, I did read it,,,but there still is no clear definition of what each color bar represents ..all I gather is that each color represents a precentile of strength.

I do know that high volume are thick bars, low voume would be thin..but do they represent spread too as in the CDRW indicator?

So, it would be nice to have a run down of color--what each one represents for the percentile--- and if it also means high/low spread [because after doing some looking, blue doesn't necessarily mean Buyer and Magenta doesn't necessarily mean Seller.


Once...
Ignore the choice of colors.....use whatever colors you want. They have no specific meaning other than to distinguish one from the others. You have 6 color catagories. 1-invisible, used for items1 & 2 in the color tab. Item one is the zero line and you don't need it. Item 2 is the very important Phantom volume display necessary to maintain window height when the indy coexits in same window as another indy, but is shrunk in size. You never want to see this full size Phantom volume display. Catagory 2- the normal volume display, any color you want. And this is the color you can make any of the graduations if you do not want to see them. Catagory 3-4-5-6 are the graduations, and again, any color you want. The boundaries for three of the four graduations are your choice, and the fourth is fixed at volumes 100+% of average. You can split the 0% to 100% of average into any three sizes you want to by what two numbers you input in the properties window. For example, if you input 30 and 70 then you have split it into 0 to 30, 30 to 70, and 70 to 100. It is all really very simple. You just have to think on it a while....at least I did. If you want the text color to match the four colors for the graduation, then make those choices in the Inputs tab the same as you chose in the Colors tab.
  • #9,986
  • Apr 26, 2009 3:53am Apr 26, 2009 3:53am
Quoting protyne
Hi Cobra, just to confirm my understanding. I should adjust my position size so that I can adhere to the ATR min pip SL and also not exceed the 2% of my account?

Thanks for advising!
yes
  • #9,987
  • Apr 26, 2009 8:38am Apr 26, 2009 8:38am
666,my favorist number.And thanks a lot!
  • #9,988
  • Apr 26, 2009 11:30am Apr 26, 2009 11:30am

hello cobra thank you very much charged by the application, I have two questions, one is because the indicator Trix v4 sometimes disappears from the screen that is too high or too low .. and another question is whether this system has proven to type dow futures indices, sp ... or only works on forex thanks

  • #9,989
  • Apr 26, 2009 11:38am Apr 26, 2009 11:38am
Quoting traderathome
As a test, I did a demo account a while back starting at $1,000 trading .01 entry, .01 more if pulled against me at least 25 pips, and .01 more if it did that again. I repeated this for a max investment of .05 and then I would sit pat and wait for the next ride in my direction. At that point I had up to .05 on a trade that went against me, but they all eventually came back. As I made money I increased trade sizes accordingly. In about seven weeks the account went over $50,000.00!.....
Yup, this is a strategy used by some of the better performing robots out there. What goes up has to come down right?

Not sure it actually works long term though
  • #9,990
  • Edited 5:15pm Apr 26, 2009 4:54pm | Edited 5:15pm
EJ Daily Chart: See trend reversal to up, coinciding with Bollinger band pinch. PA went to 262% FE level off that pinch, and then went into a pullback downwards to the 100% FE level, where in recent days the PA has moved about an S&R area (yellow line). IMHO, this is still in uptrend and consolidating for next leg up. What do you all think. If this is correct, then the gap down at the open for this week may be a great entry long opportunity.
Attached Image(s) (click to enlarge)
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  • #9,991
  • Apr 26, 2009 5:02pm Apr 26, 2009 5:02pm
For the first time I am seeing screeshots with ForexFactory thread page in background when you select and expand the screenshot. Personally I do not like this at all. Having the thread page bleed thru while trying to concentrate on the screenshot is distracting, to say the least. I see no advantage to it, and an aggravating disadvantage.
  • #9,992
  • Apr 26, 2009 6:40pm Apr 26, 2009 6:40pm
With normal volume display......

You see an upwards tall candle, and you see higher volume to go with it. Conclusion? Lots of buying, right?

You see a downwards tall candle, and you see higher volume to go with it. Conclusion? Lots of selling, right?

But, in the first case, suppose you could see the price spike up, and the volume percentage still is below average. And then you see the price fluctuate around the highs of the candle, and the volume start to pour on! What would your conclusion be then?

And in the second case, suppose you could see the price spike down, and the volume percentage still is below average. And then you see the price fluctuate around the lows of the candle, and the volume start to pour on! What would your conclusion be then?

The Volumes Emphasized Indicator can help you better see what is really happening when the market movers are at work. I hope this helps those that have PM'd me asking about how to use it. Aside from that, it can give you something new to watch while trading, to help fend off bordom! (just kidding)
  • #9,993
  • Edited 10:16pm Apr 26, 2009 8:13pm | Edited 10:16pm
Quoting traderathome
EJ Daily Chart: See trend reversal to up, coinciding with Bollinger band pinch. PA went to 262% FE level off that pinch, and then went into a pullback downwards to the 100% FE level, where in recent days the PA has moved about an S&R area (yellow line). IMHO, this is still in uptrend and consolidating for next leg up. What do you all think. If this is correct, then the gap down at the open for this week may be a great entry long opportunity.
EJ M5 Chart: Starting the new week session with a gap down from 128.58, PA dropped a clean 100 pips to 127.59. Expect some consolidation (loading up on longs) for upwards move to break whole number 128.00, close gap at 128.58, and move on up.....imho.

Edit: Add second EJ M1 Chart showing Bollinger band pinch, FE extension 424% aligns with mR1 = 128.74, so that is my first target. My entries average 127.92.

Edit: PA driven down another 26 pips to a low of 127.33 (so far). If this is going to fill gap and move higher, the market movers will want nice size long positions obtained at as low a price as they can get them. To do so, they have to convince the opposition this is going lower and to enter short positions. Hence, imho, the downward drift during this consolidation. All just my take on it.
Attached Image(s) (click to enlarge)
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  • #9,994
  • Apr 26, 2009 10:20pm Apr 26, 2009 10:20pm
Quoting traderathome
EJ M5 Chart: Starting the new week session with a gap down from 128.58, PA dropped a clean 100 pips to 127.59. Expect some consolidation (loading up on longs) for upwards move to break whole number 128.00, close gap at 128.58, and move on up.....imho.

Edit: Add second EJ M1 Chart showing Bollinger band pinch, FE extension 424% aligns with mR1 = 128.74, so that is my first target. My entries average 127.92.

Ouch...looks like that trade for long didn't work out so well for you.

At the time you entered, my chart with it's volume and THV histo indies were saying Sell....
Attached Image (click to enlarge)
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  • #9,995
  • Apr 26, 2009 10:24pm Apr 26, 2009 10:24pm
Quoting traderathome
For the first time I am seeing screeshots with ForexFactory thread page in background when you select and expand the screenshot. Personally I do not like this at all. Having the thread page bleed thru while trying to concentrate on the screenshot is distracting, to say the least. I see no advantage to it, and an aggravating disadvantage.
That's putting it very mildly...this is a gross.
Ok, what I did...when you get the funky transparent black background see through chart, just click anywhere on the chart (except the X) and it will open up in a new window like the olden days. Hope this is a short lived addition.
Listen to the whispers.... You may learn something
  • #9,996
  • Apr 26, 2009 10:33pm Apr 26, 2009 10:33pm
Quoting alsmith
Ouch...looks like that trade for long didn't work out so well for you.

At the time you entered, my chart with it's volume and THV histo indies were saying Sell....
The trade is fine. It is not a scalp. And now my average is even lower.
  • #9,997
  • Apr 26, 2009 10:38pm Apr 26, 2009 10:38pm
Yes, I can see what Traderathome is driving at. Long positions setups are in the making in some markets as well. Of course, we need a bit more price confirmation on that. He is pointing out to others that the bull move is far from over...

Have a good one
Jeff

Quoting traderathome
The trade is fine. It is not a scalp. And now my average is even lower.
~*~You are only one trade away from humility~*~
  • #9,998
  • Apr 26, 2009 10:42pm Apr 26, 2009 10:42pm
Quoting traderathome
For the first time I am seeing screeshots with ForexFactory thread page in background when you select and expand the screenshot. Personally I do not like this at all. Having the thread page bleed thru while trying to concentrate on the screenshot is distracting, to say the least. I see no advantage to it, and an aggravating disadvantage.
This may just be a new program for attaching screenshots. We may just have to get used to it.
Hej.
  • #9,999
  • Apr 26, 2009 10:43pm Apr 26, 2009 10:43pm
Quoting alsmith
Ouch...looks like that trade for long didn't work out so well for you.

At the time you entered, my chart with it's volume and THV histo indies were saying Sell....
Hi bro,

I see your THV histogram (the most bottom indicator on your chart) is very interesting. Would you mind sharing it? Thanks a lot.
  • #10,000
  • Apr 26, 2009 10:43pm Apr 26, 2009 10:43pm
Anyway; good charts and analysis t@h.
Hej.
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