THV MTF EA beta testing

This thread is for the release of the EA based on Cobraforex's THV Trading system. The link to the manual system can be found here.

Please remember:-
1. This EA is in beta testing phase, if you find bugs, report it here.
2. This does not work in live accounts (that is intentional, we do not want any body to ruin thier live accounts with untested settings. We will unlock it once it is proved to be profitable).
3. The EA has an expiration date for the first test phase, after that we will release the next version with an updated expiration date.
4. Do not ask source code, it will not be provided.

The attached zip file has self extracting zip file as exe. Before installing close your MT4 terminal. To install the EA, double click the exe and select your MT4 root installation folder (usually Crogram filesYour Broker MT4). This will install the required indicators, EA and template.

You can load the template THV EA v0.5 to your preferred pair/tf chart, which should load all the required indicators and also the EA. At this stage your screen should look like the attached screen shot.


To understand the basic mechanics of this EA, you need to have basic understanding of THV trading sytem. All the related manuals are here, please read it before you post any basic questions.

The idea of this thread is to find a profitable setting, so dont afraid to try different settings, keep us posted here

This EA will be absolutely free as everything what the THV Team has done untill now.

I'll keep updating this post as when we release the updated version of the EA.

For those who is not aware of the THV Manual Trading I have attached the user guide for that. Hope it helps in understanding the mechanics of this EA.

Anybody is welcome to download and test this EA and post thier settings and results.

Update:-
The latest release is v07, See this post for more details regarding this version
Update 2:-
The latest release is v08, See this post and this post for release details.

The manuals and releases will be updated in the first post soon.

http://www.cobraforex.com/other/EA.jpg

Hi Ea traders

In Nov. 2008 I presented in FF an advanced trading system called THV, you find the thread here.

With the time, thanks to my THV Team (formed by 8 traders of, in that time, all categories), we could improve the system to almost perfection and from version V1 to V3 it was downloaded over 140.000 times (my private web included).

We incorporated, thanks to the unconditional help of MissPips, MTF indicators for traders with one or two monitors.
These indis shows the THV Trix and cloud condition on higher TF’s and helps to find a fast trading decision without switching between charts.

Saying we could bring this system to almost perfection doesn’t mean that anyone can download the set and will be rich tomorrow; you need to know the basics of FX to trade ANY system.

With the time the demand for a THV trading robot was growing, that much that some smarta$$es hacked my ex4 files and tried to SELL their version.

That gave me enough reason to start building a proper THV EA for free distribution to get the system thieves out of business.

Till today we where working in silence in another private board with access only for the developers.

We had the luck that xux99 ( in my opinion the best EA coder around) gave us a hand with his excellent coding skills and we where able, together with Caveman and Karun (who will lead this thread), to develop a beta version which needs to be tested now.

The credits belong to xux99 as the main coder, Caveman for adapting MM options, and Karun for incorporating divergence detection and an option to avoid that the EA takes trades during News.

BTW: Caveman developed also a THV trade manager EA called Cavemanager.

Karun will lead this thread and has administrator privileges as I don’t have enough time actually, this world wide crisis reached Ecuador (where I’m living) and I have to take care more time than usually of my companies.

We include a manual in PDF to make it easy to setup the EA.

We have an expiration date coded for each test phase to make sure that you always have the latest version.
Also, this EA can be used only on demo accounts for the moment, we did that to protect the newbees which may think that they can get rich while sleeping, lol.

Once that we release the final EA, the expiration and demo option will be deleted and you can use the EA as long as you want.

The EA will be presented always as an auto install exe file which installs all files where they belong to, once you add the EA to a chart, the THV template will be executed automatically.

We will not share the mq4 file to make that clear from the very beginning; we don’t want to see our work sold in Ebay or wherever.

When you find good sets please post them here, don’t forget all this works only if we ALL share something.


OK Karun, that was it in short words from my side, please take the captains chair now and give the folks the parameters to get the beta version of THV EA proved..

Happy trading

COBRA

Advanced options of this EA:

Recognize candle patterns

Has an option not to trade x minutes before and x minutes after News events which can be choused by importance.

Recognize psych levels (you can chouse them)

Recognize Pivot levels

Several entry and exit parameters

Money management

Trailing stop

Split positions to take profit at until 3 levels

Two SL options

User defined OB/OS areas in the Trix for different pairs to trade

MTF Trix and Ichimoku cloud filter

Screenshot with info about pair and TF for each trade

Automatic unic magic number for each TF

And much more

We still have no set files to present as this last version was finished today, I'm working on a 5M version which I will upload when finished.

The backtesting takes a lot of time as the EA is very CPU heavy as you might imagen.

thanks Karun and Cobra

i will run it on alpari uk
on the vps

muchas gracias

Most feedback belongs to Xux99, he is the father of this EA, we all helped only to grow his baby up.

Thank you Karun for taking on this task.

Thank you Cobra for keeping THV going strong.

And thanks to all the programmers (Xux99 especially), testers and traders who make this all happen - FOR FREE!

Let's see how it works in real world trading, I'M exceited lets go.

I trade more than EUR/USD any idea if it works well on other pairs?
Majors or crosses?

With this EA you have the advantage that you can personalize it and trade all pairs and TF's.

But you need to adjust the parameters for your needs.

that is the task of this thread: finding the best sets for each pair/TF.

I'm testing in this moment a E/U setup on 5M, it's very slow but here the result of a very bad trading week in jan. 08 (the screenshot)

all my best wishes...


Hopefully, the ea will be as good as the system is.

You guys ROCK!!!!!!!!!!!!!

though, I'm not an EA trader - I do know what this team has been through to get to this point - all I can say is WOW - awesome - and everyone who uses it give back in the form of feedback and comments - that what this is all about!

Hi cobraforex!

I'm not a fan (never been) of EA's, but i have to say i will test this one, having the option to be "aware" of pivot, psych levels is excelent. I am very curious to see the results on this.

I'll leave it running on a demo acct, with proper mm (2%) on a small virtual account ($10k).

Will be following closely, and hoping to contribute too!

Best regards!

hi guys, testing EA, shows unusually high CPU load, i've got P8600 2,40 ghz core 2 duo. both cpu cores load about 94%. is it normal?

Flamenkito, please check the "Journal" and/or the "Experts" tabs in the Terminal, and check for some unusual messages, please let us know, i haven't tested this yet (am in process of doing so) but i've had this problem with missing indicators in the past.

Looks so awesome, testing right now.

Here an example of the last hours, one very small loser and a nice winner with already 50% TP and the rest is still trailing.

It will be helpful to know the basics of THV to find good sets.

i've checked already, all indies loaded successfully. i'm using ODL broker, demo account for testing, broker timezone is GMT-1, so i set pivot time zone -1, and i see with new tick data pivots levels move and come back. Can it be because of minus? Just wondering...

all indies ok, still high cpu load (about 94%) just with one chart (E/$), with core 2 duo 2,40 ghz made already 2 successfull trades on E/$ in about 10 min any ideas about cpu? is anybody expiriencing smth similar? thanks

You THV guys are doing something Great for the FF community!

Keep on the Good work!!

I Thank you a lot Cobra for everything you´re doing!!

All the best!!!