THV system, final edition | Page 545 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #10,881
  • May 22, 2009 4:14am May 22, 2009 4:14am
Hello cobraforex. I used your system and found out how powerful it is.I tried to filter your system to increase its win ratio and decrease its loss ratio.
finally after a lot of work on history and live tests I found that no indicator is powerful enough to filter your system but RSI.
I used RSI 14 and RSI 55 to filter your system. This is the rules:
the rules of entry is the same as the original MTF except you should check both RSIs too.

Long : both 14 and 55 RSIs should cross 55 line or at least be above the line.

SHORT: both 14 and 55 RSIs should cross 45 line or at least be below the line.

TAKE Profit: 10 pips

Emergency Exit: when the second row of MTF (M5 FAST) gives a reverse signal or a moving average cross(which occurs first is taken)

Time frame :1min but i think it works on the higher time frames too

Disadvantages : It reduces the number of signals

Advantages :
It gives you a safe entry
It normally stops your losses very soon (not more than 10 pips)
You can enter in retraces safer than before (see the picture)
It is easily recognized (before looking for signals on MTF check the RSI. if they are near one of the two line prepare yourself for a possible entry)


Cobraforex your system is perfect and I just wanted to share my exprience and didn't want to say it is an improvement of your system.

please let me know how you find it.

Have a good trade!

forgive me about my english.(I know it is terrible)

This is one of the good signals using this filter:
Attached Image (click to enlarge)
Click to Enlarge Name: thv scalping filter.gif Size: 38 KB
  • #10,882
  • May 22, 2009 7:59am May 22, 2009 7:59am
Dumb question but I can't seem to find the 15,15,30,60 trix histogram from the install files. Everything else is set up fine. Anyone know where this is located specifically? ty
  • #10,883
  • May 22, 2009 8:36am May 22, 2009 8:36am
Quoting Jlr
Dumb question but I can't seem to find the 15,15,30,60 trix histogram from the install files. Everything else is set up fine. Anyone know where this is located specifically? ty
It's name is thv 2 4 TF Trixhisto BarV3.1.5.3 and it is in the downloadable file MTF indicators with Manual.

/ McKeen
  • #10,884
  • May 22, 2009 9:00am May 22, 2009 9:00am
Leeky,

Without the MTF indicator, how else are you going to know what goes on in the other time frames when the arrow you suggested comes on? Just take the trade and pray that pips come your way?

THV is simple but ain't that easy. You need more FOREX skills than just knowing how to stare at the lights and waiting for 6 of them to turn on. If that is the kind of system you are hoping THV to be, it is not. If you are using it this way blindly, I would suggest you don't use THV at all because you are going to lose money. It has to be combined with proper analysis using higher TF, trend lines, Fibs, S/R levels and other tools you should be comfortable with to help you "know" what PA is going to be and what direction you should be trading with. These combined gives you high probability trades and THV comes in to fine tune your entry.

The minimum you must do is trend line and S/R levels analysis on a higher TF to get a feel of PA and then use THV for entry. Now, with that, when the 6 lights comes on, you kind of know if it is going to be a winner or not.

Cheers,
CaveMan

Quoting leeky77
As we already has a clear rule to take a trade (6 lights out of 10), why not just hide all the lights and have an arrow pointing up or down when this rule met in the PA window. After the arrow shows, we just need to take a look at the PA as to whether we will take the trade or not.
  • #10,885
  • May 22, 2009 9:22am May 22, 2009 9:22am
Quoting McKeen
It's name is thv 2 4 TF Trixhisto BarV3.1.5.3 and it is in the downloadable file MTF indicators with Manual.

/ McKeen
Thanks, thats the one I have already though. I need the one with the 15,30,30 etc. Do I need to manually change the file, or is there a different one I'm missing? thx
  • #10,886
  • May 22, 2009 9:23am May 22, 2009 9:23am
Quoting Jlr
Thanks, thats the one I have already though. I need the one with the 15,30,30 etc. Do I need to manually change the file, or is there a different one I'm missing? thx
You can change the time frames in the indicator properties. Please check the manual for the MTF indicators, it should help you out.
  • #10,887
  • May 22, 2009 9:40am May 22, 2009 9:40am
Quoting karun
You can change the time frames in the indicator properties. Please check the manual for the MTF indicators, it should help you out.
Must have missed it, ty
  • #10,888
  • May 22, 2009 9:46am May 22, 2009 9:46am
Quoting karun
You can change the time frames in the indicator properties. Please check the manual for the MTF indicators, it should help you out.
Hi. I've been away for about 2 weeks and was wondering if the files in Post #1 are still the most current versions of THV available.

Thanks for a fine system,
Ed
  • #10,889
  • May 22, 2009 10:16am May 22, 2009 10:16am
Quoting enewbold
Hi. I've been away for about 2 weeks and was wondering if the files in Post #1 are still the most current versions of THV available.

Thanks for a fine system,
Ed
Post #1 is there so that it can be changed to have the most current version; therefore, it is always current and traders should always go there to get the latest version.
  • #10,890
  • May 22, 2009 10:18am May 22, 2009 10:18am
Quoting ebitalebi
Hello cobraforex. I used your system and found out how powerful it is.I tried to filter your system to increase its win ratio and decrease its loss ratio.
finally after a lot of work on history and live tests I found that no indicator...
What is the purpose of having 2 RSI instead of just one? What if one RSI meets the condition but other one does not, do you than skip the trade?
  • #10,891
  • May 22, 2009 10:37am May 22, 2009 10:37am
Quoting caveman
Leeky,

Without the MTF indicator, how else are you going to know what goes on in the other time frames when the arrow you suggested comes on? Just take the trade and pray that pips come your way?

THV is simple but ain't that easy. You need more FOREX skills than just knowing how to stare at the lights and waiting for 6 of them to turn on. If that is the kind of system you are hoping THV to be, it is not. If you are using it this way blindly, I would suggest you don't use THV at all because you are going to lose money. It has to be combined...
Hi CaveMan,
Fully agreed. I suggested it to be that way so that we don't have our screen full with the 'lights'. But the entry of a trade still need analysis from other indicator and tools too. The arrow is just like the 'Analyse Buy' sound from THV Trix system.
  • #10,892
  • May 22, 2009 11:30am May 22, 2009 11:30am
How many trade do you usually do in a day with this sistem?
  • #10,893
  • Edited 11:55am May 22, 2009 11:41am | Edited 11:55am
Quoting leeky77
Hi CaveMan,
Fully agreed. I suggested it to be that way so that we don't have our screen full with the 'lights'. But the entry of a trade still need analysis from other indicator and tools too. The arrow is just like the 'Analyse Buy' sound from THV Trix system.
Leeky,

The MTF indicators are so much more than "Analyze Buy/Sell" alerts on a single TF.

The MTF Trix Histo and Ichimoku Cloud are there so that you do not have to flip through multiple charts of different TFs in your analysis thus saving you lots of time and giving you ample space to execute your entry.

Spend some screen time with the MTF indicators. You should start "seeing" how multiple cycles of lower TFs adds up to cycles of higher TFs. Feel and appreciate the sinusoidal wave movements of the Trix and PA for each TF via the MTF Trix Histo indicator. With the MTF Ichimoku Cloud Indicator, you know where PA is on the other 2 higher TFs with respect to the Kumo Cloud.

All these can be done on one chart - a quick visual picture of what PA is doing on other TFs. That is what the MTF indicators are for, not just flashing lights.

Cheers,
CaveMan
  • #10,894
  • May 22, 2009 12:01pm May 22, 2009 12:01pm
Exactly. Thanks Caveman for the great post.


Quoting caveman
Leeky,

The MTF indicators are so much more than "Analyze Buy/Sell" alerts on a single TF.

The MTF Trix Histo and Ichimoku Cloud are there so that you do not have to flip through multiple charts of different TFs in your analysis thus saving you lots of time and giving you ample space to execute your entry.

Spend some screen time with the MTF indicators. You should start "seeing" how multiple cycles of lower TFs adds up to cycles of higher TFs. Feel and appreciate the sinusoidal wave movements of the Trix and PA for each TF via the MTF...
  • #10,895
  • May 22, 2009 4:09pm May 22, 2009 4:09pm
Quoting ebitalebi
Hello cobraforex. I used your system and found out how powerful it is.I tried to filter your system to increase its win ratio and decrease its loss ratio.
finally after a lot of work on history and live tests I found that no indicator...

Hello,

What the configuration of the two moving average?

Thanks

I am Brazilian and I never give up!
  • #10,896
  • Edited 10:14pm May 22, 2009 10:01pm | Edited 10:14pm
Iam use ABH Center Signal to Confirmation Sell Or Buy
Use TF H1

IAm Still Short EJ in 132.90
Target until show ABH center to Long

See My Chart

Attached Image(s) (click to enlarge)
Click to Enlarge Name: aa.jpg Size: 206 KB
Click to Enlarge Name: untitled.GIF Size: 53 KB
  • #10,897
  • May 22, 2009 11:16pm May 22, 2009 11:16pm
Quoting ataata
How many trade do you usually do in a day with this sistem?
That depends on your preferred time frame, for me one trade on 60m tf during Euro session and maybe 3-4 scalps on 1M tf during Asian session works great. That is G/U only.
  • #10,898
  • May 22, 2009 11:46pm May 22, 2009 11:46pm
Quoting riskyachtar
Iam use ABH Center Signal to Confirmation Sell Or Buy
Use TF H1

IAm Still Short EJ in 132.90
Target until show ABH center to Long

See My Chart

Plese , can you post this indicator?

THX!
  • #10,899
  • Edited 6:27am May 23, 2009 1:42am | Edited 6:27am
Comment moved to PM.

LeoM
  • #10,900
  • May 23, 2009 3:14am May 23, 2009 3:14am
hi
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 50 KB
Attached File(s)
File Type: ex4 _____ABHA CENTER TIMING SIGNAL AVG.ex4   10 KB | 1,131 downloads
7 traders viewing now