~*~You are only one trade away from humility~*~
- #11,084
- Jun 1, 2009 7:48am Jun 1, 2009 7:48am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
"With a pip, pip here, and pip, pip there, everywhere a pip pip, old McDonald had a farm, e y e y o." Thanks Cobra and THV team.
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Manage your risk accordingly and you're half done your home work.
Hi dear cobras,
is anybody here using CaveManager for trading?
would like do discuss the settings, because it is possible to take more pips from the trade.
i'm using default settings.
big respect for CaveMan, beautiful peace of code!
grat linux.. i'm using a mac.. with a virtual machine
- #11,088
- Jun 1, 2009 3:39pm Jun 1, 2009 3:39pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #11,089
- Edited 4:33pm Jun 1, 2009 4:16pm | Edited 4:33pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #11,091
- Jun 1, 2009 5:06pm Jun 1, 2009 5:06pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
EU M5: Upside PA break is looking like a real possibility.
Edit: If it takes too long/much longer to develop, then if it is to happen at all, likely it will again pullback down some pips first.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #11,092
- Jun 1, 2009 5:12pm Jun 1, 2009 5:12pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
Hi traderathome, i was wondering if there is a post with your template/indicators setup i like the way it looks a lot.
- #11,093
- Edited 7:56pm Jun 1, 2009 7:32pm | Edited 7:56pm
I have a question and please forgive me if this has been answered already. 
In the THV3 InfoPanel indi, how do you get it to show the daily average based on your time zone? I use FXCM as my broker which uses NY time but on the indi I think it waits for the 00:00 candle to start calculating the average whereas FXCM closes @ 5:00 NY time.
I am using mt4 as my platform.
In the THV3 InfoPanel indi, how do you get it to show the daily average based on your time zone? I use FXCM as my broker which uses NY time but on the indi I think it waits for the 00:00 candle to start calculating the average whereas FXCM closes @ 5:00 NY time.
I am using mt4 as my platform.
- #11,095
- Jun 2, 2009 8:12am Jun 2, 2009 8:12am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
I have a question and please forgive me if this has been answered already.
In the THV3 InfoPanel indi, how do you get it to show the daily average based on your time zone? I use FXCM as my broker which uses NY time but on the indi I think it waits for the 00:00 candle to start calculating the average whereas FXCM closes @ 5:00 NY time.
I am using mt4 as my platform.
cobraaaaa and tah and the others.. how can i decide when exit? i use cave ea,and i have no loss after 6 pips.. i trade 5' chart...and i think i have a good way for catch the fast movements.. i stay less than 1 minute in a trade for 6-7 pips.. but most of the time i can cach more... how can i decide my exits??
You want to re-read THV manual to see how THV decide to exit the trade. It is based on trix color change, facing the strong sup/res, round numbers, or black cat crossing your screen
. If I'm not wrong, you must be trade on 1m frame. 6-7 pips for 1 min trade is adequate imho. You can also adjust the target based on your 3x ATR SL.Another option is to close the trade partially just as Scrutch or others do. With this way, you still can catch some good continuation moves without turn it to red trade. Please read some Scrutch's post. He's a senior trader we love to learn. HTH.
Add: I'm on 15m tf. My SL never more than 50 pips on what ever pairs. My target is more than 50 pips usually. I used to put my SL to BE after it runs to 25 pips or more and adjust it from time to time. I also take big big notice on fast trix color change or my Fib/Andrew Line sup/res.
Manage your risk accordingly and you're half done your home work.
Hi gmcl02. As far as I know, you can't do that. There is no timezone setting on the info panel. I use that though.
Hi pattinatore. Sorry, I'm not Cobra or TAH but please allow me to add some comments. Exiting a trade is more difficult than entering the trade imho. The only things I learn when exiting a trade is to follow the rule and stick to it. Exiting a trade based on gut feeling for a new comers usually bring you at minimizing a profit or maximizing your loss (when you are red) in many times. Not good for your health.
You want to re-read...
a great trader i know however for a 5' chart slope change is too late for an exit signal..
take a look at this:
i use cave manager for my trades:
sl: 50% 4pips 50% 9 pips (usually i move it on 6-7 pips)
tp: 50% 5 pips and 50% close manually
this morning i had areally nice morning with 13 trades in 2.5 hours and about 45-50 pips net profit, but you can see this.. first stop at 5 pips hit, and than i closed the rest at +11.. it is before the strong movment of 100 pips.. a want to avoid those exits
i need an improve in cave manager that after 10 pips of gain it locks 8 pips.. anf than i can cach all those 100 pip i think.. (or maybe 50)
- #11,097
- Jun 2, 2009 10:22am Jun 2, 2009 10:22am
you're personalme!
however for a 5' chart slope change is too late for an exit signal..
take a look at this:
i use cave manager for my trades:
sl: 50% 4pips 50% 9 pips (usually i move it on 6-7 pips)
tp: 50% 5 pips and 50% close manually
this morning i had areally nice morning with 13 trades in 2.5 hours and about 45-50 pips net profit, but you can see this.. first stop at 5 pips hit, and than i closed the rest at +11.. it is before the strong movment of 100 pips.. a want to avoid those exits
i need an improve in...
What version of CaveManager do you use?
i would like to have some things that thv EA has... like lock pips.. and different breack even.. oh and don't forget the trailing stop for 2-3 pips of trail
- #11,099
- Jun 2, 2009 11:11am Jun 2, 2009 11:11am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
i need an improve in cave manager that after 10 pips of gain it locks 8 pips.. anf than i can cach all those 100 pip i think.. (or maybe 50)
Actually I have a loss on that bull run
. So who's the great trader then 
? But if I'm allowed, let me add my personal opinion about this "not let pips left on the table too much" discussion.Imho, you should work on your sup/ res line better and have firm believe on it. If you watch 3m or 5m tf, you can see the bull happened soon after the ranging area is broken. It is hard to see this area on 1m frame. This ranging market is between 1.4102 and 1.4145. You may close the long near the resistance line and take another long soon if you believe the ranging area is broken already.
Ranging during the London session is a suspicious thing?, isn't it
?Here's my chart. I took the short near the upper median Andrew's Line. But yeah, it breaks!
i would like to have some things that thv EA has... like lock pips.. and different breack even.. oh and don't forget the trailing stop for 2-3 pips of trail
Manage your risk accordingly and you're half done your home work.
Hi pattinatore,
Actually I have a loss on that bull run
Imho, you should work on your sup/ res line better and have firm believe on it. If you watch 3m or 5m tf, you can see the bull happened soon after the ranging area is broken. It is hard to see this area on 1m frame. This ranging market is between 1.4102 and 1.4145. You may close the long near the resistance line and take another long...
and so i have 50% of my position with a tp and the rest with another not 30% and 25 and 25 and 20%
but i need something else.. i would like this.. no loss after 6 pips, after 10 pips lock 8 pips, and after 20 go with 2 pips trail stop... i think this would be the best...however i trade the 5' chart, 1 minute only for take the perfect trade.. but almost ever on 5' signal
i'll see better support and resistances.. and.. how i have to set pivot with fxpro?
and finally.. you have right.. during london session we cannot ranging
p.s i took the trade also before the breack of the andrew's cause i was feeling good with the cross (many positive trades in my way) and as you can see it tryed to broke it and it fells down.. the support did his work.. than the coral was green and i see the cross full of momentum.. very strong canles also before the breack