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THV system, final edition

  • #10,241
  • May 3, 2009 2:46pm May 3, 2009 2:46pm
Thanks so much Beach Boom and Spesial ED for very informative things. I will try it next week.
Good trade for all.
Peter
  • #10,242
  • May 3, 2009 3:31pm May 3, 2009 3:31pm

Hi everybody,,

Thank you very much cobraforex and all the members for this system, i like it a lot and trying to read all the post but it seems that the thread is too busy and it has more than 10000 posts so there is no time to read every post, but trying to scan through the thread.

I have tryed the old version of the system (THV V1 and V2)But i have a problem in THV V3, when i install it in my
(mq4 version 4 build 218 - ActiveTraders) it doesn't work and it got hang, what version should i use to make work, or any other solution for this problem.

thank you very much


  • #10,243
  • May 3, 2009 4:31pm May 3, 2009 4:31pm
Quoting MissPips
Set type to 3, as shown. People, I want to encourage everyone not to be afraid to play with the settings on the indies I coded, and try different ones, different combinations of rules, and different timeframes (demo first obviously). None of the indies will break if you change the settings (at least I hope not), and since I only have two eyes I can only offer one person's perspective. I'm sure there are a lot more useful observations to be discovered and shared by other folks willing to experiment.
I am having the same problem. I have set to type 3 but get only one set of candles. I removed HA indicator from my chart, but still can not get your indicator to work like your chart. I have mt4 build 223.
  • #10,244
  • May 3, 2009 4:54pm May 3, 2009 4:54pm
That's the build I have and I just downloaded the indie from the site to make sure nothing happened to it. Have you tried zooming out on the chart to see if the candles are too high up to be seen? If so adjust the offset param.

Quoting kerty9
I am having the same problem. I have set to type 3 but get only one set of candles. I removed HA indicator from my chart, but still can not get your indicator to work like your chart. I have mt4 build 223.
  • #10,245
  • May 3, 2009 5:09pm May 3, 2009 5:09pm
Quoting BeachBum
In chart #4 I have added the MTF Trix Histo as per SpecialEd's setup with these setttings: M30Fast, M30Slow, M60Fast, M60Slow.

Four aqua lines are placed where the M60Fast changes color. Remember this was the first signal we wanted from chart #1.

Aqua #1 would have put us in this trade earlier, potentially avoiding a losing trade as discussed earlier.

Aqua #2 is against the trend on the M15; I don't like those setups, but this one would have been profitable. Just be careful!

Aqua #3 is also against the trend; see what can happen.

Aqua #4...
I have a question about aqua #3. It is easy to see from hindsight that PA is flat and ranging, and signal should be ignored. It is easy from hindsight, but neither MAs or trix alerts you of impending flat PA. So how to stay out of such trades in real time?
  • #10,246
  • May 3, 2009 7:06pm May 3, 2009 7:06pm
Quoting Freddyfx
This CaveManager EA is EXACTLY the MM thing that I was looking for.

Anyway.......THANKS to the developer.
Glad you like it Freddy.
  • #10,247
  • May 3, 2009 8:42pm May 3, 2009 8:42pm
I already stated that this trade would have been against the trend; we want to trade with the trend !!! Both MAs are moving higher.

"Aqua #3 is also against the trend; see what can happen."

Quoting kerty9
I have a question about aqua #3. It is easy to see from hindsight that PA is flat and ranging, and signal should be ignored. It is easy from hindsight, but neither MAs or trix alerts you of impending flat PA. So how to stay out of such trades in real time?
  • #10,248
  • May 3, 2009 8:48pm May 3, 2009 8:48pm
Thank you very much for your insight into longer tf trading with thv!

Much appreciated

Brian
  • #10,249
  • May 3, 2009 8:59pm May 3, 2009 8:59pm
You're welcome.................

Quoting golden1
Thank you very much for your insight into longer tf trading with thv!

Much appreciated

Brian
  • #10,250
  • May 3, 2009 10:15pm May 3, 2009 10:15pm
Thanks for sharing your method BB. Very thorough and informative posts.
Not sure if its against the disclaimer, I was wondering if you take into consideration the number of HA bars once you've made an entry into the trade? If yes then how many?
Cheers
Kaz
  • #10,251
  • May 3, 2009 11:17pm May 3, 2009 11:17pm
Quoting BeachBum
In post #10186, SpecialEd explains how he has been using THV on the M30 time frame with good results.

This is excellent information! I spent some time backtesting his method and comparing it with what I have doing on the M15. Similar strategy with similar results. My approach is a little simpler with fewer indicators, but we are both trading the larger trend on a smaller time frame, but without the noise and stress associated with the M1 and/or M5.

In my next post I'll explain my approach on the M15. But if you want a solid way to trade the...
Any progress?

When trading the upper time frames do you use Miss Pips rule of when the PA touches below/above the coral?? On the close or just when it breaks?/ What if you are already above /below the coral ...do you still enter?? Do you have to be above/below the cloud?? Do the Trix (Fast & Slow) need to have crossed and same color??
  • #10,252
  • May 4, 2009 2:04am May 4, 2009 2:04am
Quoting MissPips
Set type to 3, as shown. People, I want to encourage everyone not to be afraid to play with the settings on the indies I coded, and try different ones, different combinations of rules, and different timeframes (demo first obviously). None of the indies will break if you change the settings (at least I hope not), and since I only have two eyes I can only offer one person's perspective. I'm sure there are a lot more useful observations to be discovered and shared by other folks willing to experiment.
Thanks MissPips
It's Ok with type 3
Ashi
  • #10,253
  • May 4, 2009 2:35am May 4, 2009 2:35am
Quoting BeachBum
As promised...
Hello all,

I just signed on for first time since Friday (due to family commitments). I have now read BeachBum's posts for the first time and look forward to digesting them throughout the London/NY morning.

BeachBum, a quick note to say thanks for your kind words - and mostly thanks for expounding on my thoughts/method with some GREAT posts. The time you took and the detail you provided, along with NLMA indicators, is very much appreciated.

Big thanks and good trading to you.
Ed
Up or down, gimme a ticket
  • #10,254
  • May 4, 2009 2:42am May 4, 2009 2:42am
I must say that, once again, reviewing what BeachBum and I recently posted regarding the larger timeframes, you must see and appreciate the foundational power, versatility and simplicity of THV. Cobra, as always, thanks for all the effort you put in on your initial invention. Man, it's really taken off.

In closing, there are a couple of people who I daresay have helped more THV readers/users than anyone (outside the Cobra) and have earned as many FF vouchers as we can push their way. These are Doblece and MissPIPs. Doblece got us through the early days of implementation and analysis. MissPIPs picked up where Doblece left off with great testing and illustrative posting, but more importantly a WHOLE LOT OF PROGRAMMING HELP.

Thanks to you both. Anyone who can, send 'em some vouches, as our way of showing these two great ladies and the rest of ForexFactory what we think of their talent and contributions. (and while you're at it, don't forget the "legend", Cobra)
Up or down, gimme a ticket
  • #10,255
  • May 4, 2009 3:38am May 4, 2009 3:38am
For those of you using THV CaveManager v1.1, please download this update for a minor bug fix for situation when a trade is opened with a pivot level is sitting right inside/between the ASK and BID price causing that pivot level to be chosen as the 1st level profit target.

This should not be the case for experienced traders as a position should not be opened too close to a pivot level. But again, there are currency pairs with big spread that may cause a problem.

Cheers,
CaveMan
Attached File(s)
File Type: ex4 THV CaveManager v1.2.ex4   30 KB | 1,162 downloads
  • #10,256
  • May 4, 2009 5:00am May 4, 2009 5:00am
Greetings everyone:

Here was a trade that realized around 15 pips...as of this moment...

Considerations:


1.) Break of Trix T/L
2.) Trix cross bearish...
3.) Retest of the FPV
4.) 6+ Red lights on the MTF
5.) Break of the 23.6 fib

I know that it is not advisable to sell or buy into a level of support or resistance....in this case, I was waiting for a bullish divergence of the PA to let me know it was going to move away from the FPV and since there was no bullish divergence, I assumed it would retest the FPV.

Anyhow, 15+ pips on the trade....if the PA retests the FPV from beneath and is rejected, it may move down further, maybe to .2650...let's see...

One more note, I am not sure how effective the fibs are on the 1 min and measuring such small movements, so I usually consider a break of a fib line as a bonus consideration....
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 007.jpg Size: 163 KB
Deprive a man of everything and you give him nothing to lose.
  • #10,257
  • May 4, 2009 5:14am May 4, 2009 5:14am
It's amazing how accurate these pivot points can be....!
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 008.jpg Size: 156 KB
Deprive a man of everything and you give him nothing to lose.
  • #10,258
  • May 4, 2009 5:15am May 4, 2009 5:15am
Hi,

I've just browse through the thread from cobraforex. Looks like the indicator attached is the same with the Trend Manager? What is the difference between those 2 indicators?

Come into my mind if you combine the exit level using the envelope. In Trend Manager case, it uses Entrex.

Just curious though. Maybe I can write some of the review on this indicator. I posted the Trend Manager indicator on my blog. Feel free to download it.

Thanks.

Cheers,
FreeWilly
Cheers,
  • #10,259
  • May 4, 2009 6:06am May 4, 2009 6:06am
Trade 2


Considerations:

1.) Break of PA T/L
2.) New 1 min cycle and 6+ MTF Red Lights...
3.) Trix Cross Bearish
4.) Break of Trix T/L for confirmation

Short at .3256

Quick 10 Pips...maybe more...
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 009.jpg Size: 154 KB
Deprive a man of everything and you give him nothing to lose.
  • #10,260
  • May 4, 2009 6:35am May 4, 2009 6:35am
I know that I get a little bit too excited every now and then about the usefulness of the TRIX indicator, but here is an example of why....

The trix displayed a support T/L that was not evident in the PA which when was broken, gave way to 10 - 15 pips in trade 1 (first vertical red line). Following that, the same T/L became resistance which when held signaled a continuation of the bear move for atleast another 10 - 15 pips in trade 2 (2nd vertical red line)

Both of the T/Ls were not visible in the PA...

Isn't that exciting?! LOL

By the way....I am not familiar with how to apply the Andrews Pitchfork and am wondering if the median line was present were the PA got rejected by the TRIX T/L at point # 4.
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 010.jpg Size: 164 KB
Deprive a man of everything and you give him nothing to lose.
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