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THV system, final edition

  • #10,041
  • Apr 28, 2009 9:40am Apr 28, 2009 9:40am
Quoting cobraforex
I want to announce that we are going to open a new thread shortly about THV EA trading.

With the help of some very good coders (they will be named at release) we where able to built a beta version that needs to be tested in different TF's, market conditions and pairs.

We (the Team) have a site that is dedicated on back and forward testing but there are so many variables that we decided to fine tune it within FF.

Karun will lead that thread as he has the time and knowledge to show us the way to complete that task.

I think we will be ready...
I'm a long time lurker, have tried THV (love it!) but can't trade very much since I work 60 hours / week. I've been looking forward to a THV EA for a loooooong time, so many many thanks to the coders and testers on this forum. I can hardly wait to get my hands on the EA and start testing! Let me know where to sign up and which pairs/TFs to test.
  • #10,042
  • Apr 28, 2009 10:05am Apr 28, 2009 10:05am
Quoting Landfar
I have rule # 3 copied off the fourm in a doc and rule number 3 of the MTF rules are different

could someone clear this up for me

There is a pending correction to the manual, which reads:

 

  1. Take the trade as soon as PA crosses the coral and the cloud, in the direction of the trade (don't wait for a close below or above)

This change wasn't made because we had a problem with the development website, and it got lost and forgotten!

MissPips, I think you OK'd this, please confirm.

  • #10,043
  • Apr 28, 2009 10:10am Apr 28, 2009 10:10am
Thanks for the cobra fx team . i vote 5 stars rating for this thread. because all of the team always active in this thread and give comment, input and explanation to other member. i appreciate to all of the cobra team
  • #10,044
  • Apr 28, 2009 10:52am Apr 28, 2009 10:52am
Hi THV Tradaz,

I developed my own EA which is based on Cobras THV setup. I donīt want to show any results, because I donīt want promote my system. (it is very profitable) I spend so much time on it without any help. I wrote cobra for about 2 month ago, but he donīt answer me. I think his team was complete...

I change some rules and wrote my own indicators. One of these indis I want to share, because it determine my big pic very well and protect my EA for false decission. The setups worked in 1min TF. If you need the setups for the 5min TF than you have to change the TimeFrame2 from 5 to 15.

If you need the mql file or help to finished the ea, cobra should send me an PM.

The most people try to find the right/best entry, but for my opinion are the exits the most important parts in trading.

Maybe it helps ...

Many respect to the hole THV Team

FxNobodys
Attached Image (click to enlarge)
Click to Enlarge Name: THV_BigPic.JPG Size: 198 KB
Attached File(s)
File Type: ex4 THV_MTF_BigPic_FxNobody.ex4   3 KB | 885 downloads
File Type: mq4 #MTF_Price.mq4   4 KB | 818 downloads
  • #10,045
  • Apr 28, 2009 10:55am Apr 28, 2009 10:55am
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.
Boy! A bad EJ call! Cost me, too.

Something on EU.....yesterday after euro session over and later in afternoon, US session market movers did mini-spike up and then promptly dumped it over 150 pips. This maybe to encourage longs in then promptly force them out so the market movers could buy to cover their shorts as they drove the price low. Then, and this is the laughable part, at the US open of current session, these guys did a mini-dump and then promptly pumped it up over 100 pips. This maybe to encourage longs back in so the market movers can take on the short side again before they do the next leg down because the PA action in the ellipse looks like a Bear Channel.
Attached Image (click to enlarge)
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  • #10,046
  • Apr 28, 2009 11:11am Apr 28, 2009 11:11am
Thankyou Tradewell
  • #10,047
  • Apr 28, 2009 1:00pm Apr 28, 2009 1:00pm
Greetings everyone:

Today had some relatively easy trading as PA just kept moving up and up and up after the rejection at 1.29000...

Here were my considerations for the following trade:

1.) Break and retest of the FPV
2.) Bullish divergence in an uptrend
3.) Virtually all green lights in the MTF
4.) No break of Trix TL
5.) TRIX Cross


Easy 15 + pips

If only everyday was as obvious as today...
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 001.jpg Size: 160 KB
Deprive a man of everything and you give him nothing to lose.
  • #10,048
  • Apr 28, 2009 1:38pm Apr 28, 2009 1:38pm
Thanks FxN

The indicator just shows yellow - there must be a specific indicator that is being called, other than the # MTF Price. Could you please take a look.

thanks
Pardy


Quoting FxNobody
Hi THV Tradaz,

I developed my own EA which is based on Cobras THV setup. I donīt want to show any results, because I donīt want promote my system. (it is very profitable) I spend so much time on it without any help. I wrote cobra for about 2 month ago, but he donīt answer me. I think his team was complete...

I change some rules and wrote my own indicators. One of these indis I want to share, because it determine my big pic very well and protect my EA for false decission. The setups worked in 1min TF. If you need the setups for the 5min TF than...
  • #10,049
  • Apr 28, 2009 1:39pm Apr 28, 2009 1:39pm
Hello:

Here is another one...

When the trade presented itself, MT4 was not showing me R1 and so I took the trade right below a level of resistance; however, there were many conditions that were in favor of the trade

1.) MTF @ 6+ Green Light
2.) No bearish divergence and break of TRIX TL and PA TL
3.) Continued Support of the Coral

I closed at 10 pips but that move continued(s) at 25+ pips...
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 002.jpg Size: 168 KB
Deprive a man of everything and you give him nothing to lose.
  • #10,050
  • Apr 28, 2009 3:26pm Apr 28, 2009 3:26pm
Right. That's the correction we agreed on. However, Cobra has said in a later post that if you use the 6 lights on the MTF you don't need the Coral. But I think it's still safer and more conservative to use it, except for divergence trades.

Quoting TradeWell
There is a pending correction to the manual, which reads:

 

  1. Take the trade as soon as PA crosses the coral and the cloud, in the direction of the trade (don't wait for a close below or above)

This change wasn't made because we had a problem with the development website, and it got lost and forgotten!

MissPips, I think you OK'd this, please confirm.

  • #10,051
  • Apr 28, 2009 4:32pm Apr 28, 2009 4:32pm
Quoting Pardy
Thanks FxN

The indicator just shows yellow - there must be a specific indicator that is being called, other than the # MTF Price. Could you please take a look.

thanks
Pardy
Hello Pardy and THV Tradaz,

thanx for your reply. It should worx. There are 4 resaons why it donīt work.

1.) You have to restart your terminal. (your terminal must compile the mql file (#MTF_PRICE)
2.) You have to update your terminal from build 222 to 223
3.) You copy one of the files in the wrong folder
4.) or I have a mistake in my script

The bar work optimal with 5 digits.

Please send me a feedback, if it doesnīt work.

Furthermore I want tp give a big thanx to traderathome. Your Volume is great. If it possible, than I will work with the script.

Thanx for the PMīs. I will answer the PMīs tomorrow. Iīm tired and must go to bed.

Miss FxNobody is waiting ...

P.S: 2 Cobra thanx for the trust. Iīm shure we will finished your work.
Attached Images
  • #10,052
  • Apr 28, 2009 5:07pm Apr 28, 2009 5:07pm
hello.. need some help.. i have meta already and im trying to run thv.. when i try to load indi it says no match found. any suggestions ? thank you
those who can, do. those who cant, talk about those who can
  • #10,053
  • Apr 28, 2009 5:13pm Apr 28, 2009 5:13pm
Watch out! Here slithers the Chiwawa Cobra.....!
Attached Image (click to enlarge)
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  • #10,054
  • Apr 28, 2009 5:17pm Apr 28, 2009 5:17pm
Quoting gatorinla
hello.. need some help.. i have meta already and im trying to run thv.. when i try to load indi it says no match found. any suggestions ? thank you
Hey gator,

Once the indis and the template are in the right place, you should just be able to open a new chart for the currency pair you want, then select the template. Did you get that far?
  • #10,055
  • Apr 28, 2009 6:00pm Apr 28, 2009 6:00pm
Hi MissPips,
Question 1:
I am trying to modify your TrixhistoV3 to show all fast Trix on one indicator set and all slow on the second instead of alternating fast and slow.

I have hit a snag where it is either not working as expected of the labels are off based on the setting info.

Can you please review this?

Question 2:
Have you or the team looked at the trixhisto indicator from the perspective of combining the fast and slow to report their correlation to each other?

Example:
fast under slow = Red
fast above slow = Green

I realize we would miss out on the counter trend fast trix movement but thought This might simplify seeing MTF TRIX trend at a glance.?.

Thanks for your time and assistance.
Attached Image
  • #10,056
  • Apr 28, 2009 6:15pm Apr 28, 2009 6:15pm
Thanks Cobra...
We are here to help each other... We Learn Forex Together!
  • #10,057
  • Edited 11:14pm Apr 28, 2009 10:28pm | Edited 11:14pm
Which way will this go??? If it follows the pattern, I'am guessing it will go down. Another reason is that t'row is wednesday (triple swap), I guess big boys will want to drive the price down and pump later in the after noon before the close for swaps.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 26 KB
  • #10,058
  • Apr 28, 2009 10:40pm Apr 28, 2009 10:40pm

Hello Friends,

I would like to know, what the other pairs that work well with the THV, besides the EURUSD?

Great Wednesday for all....

I am Brazilian and I never give up!
  • #10,059
  • Apr 28, 2009 11:33pm Apr 28, 2009 11:33pm
Quoting windelevel

Hello Friends,

I would like to know, what the other pairs that work well with the THV, besides the EURUSD?

Great Wednesday for all....

Morning all. IMO you can almost pairs with THV. Note that BeachBum trade THV on 19 pairs. I personally trade THV on GU, EJ as well as EU. Every pairs work very good so far (another big thanks to Cobra and team). Have been trying also GBPCHF but got burn since the volatility is too high (i put too tight SL).
Manage your risk accordingly and you're half done your home work.
  • #10,060
  • Apr 29, 2009 12:37am Apr 29, 2009 12:37am
Re question 1:

Did you set auto tf to false? If so and it is still not working can you post a screenshot showing both the trix indie on the chart and the settings in the same screenshot, and state your time difference from GMT.

Re question 2. No, but I will add it to the wishlist.

Quoting proverbs
Hi MissPips,
Question 1:
I am trying to modify your TrixhistoV3 to show all fast Trix on one indicator set and all slow on the second instead of alternating fast and slow.

I have hit a snag where it is either not working as expected of the labels are off based on the setting info.

Can you please review this?

Question 2:
Have you or the team looked at the trixhisto indicator from the perspective of combining the fast and slow to report their correlation to each other?

Example:
fast under slow = Red
fast above slow = Green...
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