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THV MTF EA beta testing

  • #441
  • May 29, 2009 10:29am May 29, 2009 10:29am
Hello Karun,
Below is a suggestion for the EA much down the road and prior to go live that may require the feedback of others.
Once the trader set the EA on, the EA should include an option that, after a given total number of positive pips (one or more transactions), the EA turns off.
This to avoid losing for example a 40 pips winner at the Euro open to lose it the rest of night (flat session after opening for example). This to be tested of course.
I understand that other traders might prefer a given number of trades or profit value or etc. Just try to , keep it simple.
if not possible to turn it off, at least, possibility to send a voice mail, email to be set by the trader to have the option to follow up.
What do you think ?
Thank you and have a great week-end.
  • #442
  • May 29, 2009 11:17am May 29, 2009 11:17am
Just to show you that any problem you guys have is an operator issue, not a technical one.

Took me 15M to set it up, backtesting included.

This a basic, you need to optimize!!!

BTW: in this basic set the EA made more than 200 pips in 4 trades.



Quoting AZBOfin
Folks.

I am trying to get this setup on the USDJPY M60 going. My priority so far is to get at least a trade opened but I don't have any success whatsoever.


AZBOfin
Attached Image (click to enlarge)
Click to Enlarge Name: azb60m uy.gif Size: 44 KB
Attached File(s)
File Type: zip azbuy60.zip   2 KB | 506 downloads
  • #443
  • May 29, 2009 11:57am May 29, 2009 11:57am
Quoting cobraforex
In the set you posted you have set pattern to 1.

That means that all ather parameters needs to be met AND a pattern needs to occour to open a trade !!!!

No pattern => no trade !!!

If you set pattern to 2 it will not trade against a pattern !!!

Please read the User Guide from Karun, and read it twice or trice if needed, everything is well explained there.
You guys know this stuff in and out, but to a newbie, what i read is not always what is meant. I have read this stuff a BUNCH of times. It is all a matter of understanding and experience.

I Quote from the new manual: "2 means no order is opened by the presence of an unfavorable pattern".

I read that to mean that if there was no pattern or if the pattern WAS favorable, it would open a trade. Not that it would not trade if any pattern existed.

If I might ramble here: many traders here have been doing this a long time, and instinctively KNOW what things mean. But relative newcomers to the game and to this system do not, and take what is written as literal.

One day I fell out of bed on my head and decided I wanted to be a Forex trader (isn't that how we all got started?). I've spent weeks & months in the library and online reading. every book & article starts out with: Develop a Plan and Stick to it.

Here's a news flash: How can one develop a trading plan if one doesn't understand trading and how it all works? So what do newbies do? They open an account and start trading, most loose their butts. Or they spend hundreds / thousands of dollars on commercial EAs that allows them to loose their asses even faster. They trade scalp, they swing trade, they trade long term but unless they have deep pockets and/or infinite patience, the soon drop out of the game because it all seems so random at first and nothing seems to work.

My approach was to find an existing plan (can you say THV) and follow it WHILE I LEARN why and how it works / doesn't work. All the time learning all the stuff that goes into it and how it affects it and why. The EA is just icing on the cake so I can watch it trade while I also trade manually and compare the two. Seems like Speed Learning as opposed to taking the next 5 years and $50,000 to learn how to make 10 pips.

If I understood correctly, the purpose of THV was to do just that: give newer traders a true plan that actually works to make some positive Pips. But a lot of the stuff involved is mysterious to newbies. You guys have spent years learning this stuff and then incorporatating it into and refining the system. It is frustrating when a custom developed indicator is referred to in the threads, but nowhere can one find a "definition" of it and sometimes not even how to really use it. Example, when I first downloaded THV v3, I was totally confused by the TRIX. I googled it, I read posts until I was blue and green, but one day it just "appeared" in the posts and everyone seemed to know what it was and how to use it. I did eventually figure it out through more reading and just working it out, but there really was no "reference point". I am not criticizing, just sharing my journey.

So please forgive me if I'm asking really stupid questions or don't totally understand the MEANING of a statement or a particular setting. I beg your understanding and assitance in my education.

And TONS of thanks to everyone, especially Cobra, that has worked on THV and the new EA. I will now crawl back under my rock.

The Flying Dutchman
The Flying Dutchman
  • #444
  • May 29, 2009 12:15pm May 29, 2009 12:15pm
excuse me,a stupid question:how to use .set files?
  • #445
  • May 29, 2009 12:21pm May 29, 2009 12:21pm
Quoting haojzh
excuse me,a stupid question:how to use .set files?

Please, let me answer. I do know this one! :-)

Copy the *.set file into your *.*/experts/presets folder then when you add your EA to the Chart, it will ask if you want to LOAD a file (your presets). Select the one you added, and all of the settings will be loaded for that EA.

Hope that helps.

The Flying Dutchman
The Flying Dutchman
  • #446
  • May 29, 2009 12:25pm May 29, 2009 12:25pm
Haha, you are not the only one, lol.

FX is a profession and you need years to know what your doing, same as a lawer or a Doc.

Successful buisiness owners will get it faster as they are customed to take calculated risks and keep losing times low.

Experience and selfcontrol is the key, you need to know your enemy to fight him.

Keep on learning and trading, it's the only way to come to where you wanna go.

Quoting flyingnutjob
You guys know this stuff in and out....

So please forgive me if I'm asking really stupid questions or don't totally understand the MEANING of a statement or a particular setting. I beg your understanding and assitance in my education.

And TONS of thanks to everyone, especially Cobra, that has worked on THV and the new EA. I will now crawl back under my rock.

The Flying Dutchman
  • #447
  • May 29, 2009 2:28pm May 29, 2009 2:28pm
Quote
This a basic, you need to optimize!!!
BTW: in this basic set the EA made more than 200 pips in 4 trades..........

cobraforex,
..... 200 pips in 4 trades? not bad.
  • #448
  • May 29, 2009 3:41pm May 29, 2009 3:41pm
I'm all set up for the next week, I was using one of the settings files posted by AZBOfin this week. I'm attaching the results to this message (please remove .zip extentions from files and unrar them). Screenshots from entries and exits also in this file.

Karun should I start on sunday with the same set file, use the file in Cobra's post#442 or default settings?
Attached File(s)
File Type: zip may 29.part1.rar.zip   1.4 MB | 351 downloads
File Type: zip may 29.part2.rar.zip   809 KB | 323 downloads
  • #449
  • May 29, 2009 3:56pm May 29, 2009 3:56pm
We will have a new release before Sunday with updated manual. There are few more additionals settings, so we may not be able to previous set file. We will need to set the settings manually.
  • #450
  • May 29, 2009 3:59pm May 29, 2009 3:59pm
Quoting Vitaliy
I'm all set up for the next week, I was using one of the settings files posted by AZBOfin this week. I'm attaching the results to this message (please remove .zip extentions from files and unrar them). Screenshots from entries and exits also in this file.

Karun should I start on sunday with the same set file, use the file in Cobra's post#442 or default settings?
Vitaliy, I cant open your files. At least not with winzip
  • #451
  • May 29, 2009 5:19pm May 29, 2009 5:19pm
Thanks for the updated version of the Manual. I understand the settings much better and trades are getting into positives now.

Anyone out there got a .set file with >70% winning trades?

PS. I've been trading THV manual for a while now and finally mastered it to a point where I place trades without hesitation and they've always ended up in positive pips but greed takes over and sometimes go into negative.
  • #452
  • May 29, 2009 6:08pm May 29, 2009 6:08pm
Because you have to remove .zip extension, the file will become a rar archive, and you will be able to open it with winrar.

Quoting ForexTrader1
Vitaliy, I cant open your files. At least not with winzip
  • #453
  • Edited 10:18pm May 29, 2009 10:16pm | Edited 10:18pm
Hi dear cobras,

got message "cant open ..../THV Trix called.ex4"

what's wrong? help please

....

oops, sorry already fixed
Searching for inside balance.
  • #454
  • Edited 6:04am May 30, 2009 4:08am | Edited 6:04am
Just thought I'd post some results from last weeks testing. I left these running on my old laptop all week 24x7 and didnt look / touch anything during the week.

2 pairs GBPUSD 5Min EURUSD 15min

Entry 6 lights , cross cloud , Fast trix with trade.
Exit Fast Trix change direction , Imax cross , moving SL. ( 1st exit 50% 2nd exit rest )

42 trades 17 winners , 25 losers ( 40% win )

But

Profit $355.

So I guess my exit strategy is working OK but need to look at entry points.

EURUSD made more +231 , GBPUSD : +124

Cheers

WR.
  • #455
  • May 30, 2009 8:37am May 30, 2009 8:37am
Quoting WackyRacer
Just thought I'd post some results from last weeks testing. I left these running on my old laptop all week 24x7 and didnt look / touch anything during the week.

2 pairs GBPUSD 5Min EURUSD 15min

Entry 6 lights , cross cloud , Fast trix with trade.
Exit Fast Trix change direction , Imax cross , moving SL. ( 1st exit 50% 2nd exit rest )

42 trades 17 winners , 25 losers ( 40% win )

But

Profit $355.

So I guess my exit strategy is working OK but need to look at entry points.

EURUSD made more +231 , GBPUSD : +124

Cheers

WR.
Can you please post your .set file. I got 82% profitable trades with my settings (so entry is quite OK) but I'm having problems with my exits and MM. Thanks
  • #456
  • May 30, 2009 8:39am May 30, 2009 8:39am
Quoting Tom81
Can you please post your .set file. I got 82% profitable trades with my settings (so entry is quite OK) but I'm having problems with my exits and MM. Thanks
Tom81,

That is an impressive win ratio, can you post your set file

Thanks
  • #457
  • May 30, 2009 10:44am May 30, 2009 10:44am
Is it possible to add option for coral like ichimoku had...MIN and MAX distance ? It is usefull in 1min TF.

P.S. - Anyone have an answer for this http://www.forexfactory.com/showthre...99#post2761899 ?
  • #458
  • May 30, 2009 11:25am May 30, 2009 11:25am
Quoting cyberevil
Thanks for the updated version of the Manual. I understand the settings much better and trades are getting into positives now.

Anyone out there got a .set file with >70% winning trades?

PS. I've been trading THV manual for a while now and finally mastered it to a point where I place trades without hesitation and they've always ended up in positive pips but greed takes over and sometimes go into negative.
As we enter the collective testing phase, we are looking for starting point where a given EA setting has shown some signs of promise. We know manual system works fine. We need EA settings that can be equally successful.
  • #459
  • May 30, 2009 11:36am May 30, 2009 11:36am
Quoting kerty9
As we enter the collective testing phase, we are looking for starting point where a given EA setting has shown some signs of promise. We know manual system works fine. We need EA settings that can be equally successful.
I am wondering why others are able to trigger trades while my EA setting can't generate even a single trade for days. It can't be all due to broker feed. It seems if pattern trading is turned off, I get next to no trades. I use azbofin's set as my setting with only minor tinkering. Can somebody post a set file that seems to have worked for them in generating trades?
  • #460
  • May 30, 2009 12:59pm May 30, 2009 12:59pm
I was thinking about that once but stil not shure, can you give some screenshots to discuss if it would be useful?

The second question on the link: they are irrelevant I think they are caused buy the color change of the trix.
Quoting Wlfx
Is it possible to add option for coral like ichimoku had...MIN and MAX distance ? It is usefull in 1min TF.

P.S. - Anyone have an answer for this http://www.forexfactory.com/showthre...99#post2761899 ?
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