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THV system, final edition

  • #11,121
  • Jun 2, 2009 9:19pm Jun 2, 2009 9:19pm
Quoting caveman
I am afraid you will have to monitor and do partial close manually on this one. Adding in some externs will not help in this case. The entire weekly pivot logic has to be included and handling logic coded. Weekly pivot levels are not part of the THV system but it is definitely good practice to be aware of them.

Cheers,
CaveMan
i mean to put extern var to take profit on SOME level, not weekly pivot
i usually simple calculate in pips + spread it and put in manager TP level
it is just a cosmetical one

like
Inserted Code
extern double close_trade_at = ...

it would be cool to add weekly pivots, and switch them on/off extern bool,
and floating trailing stop by previous HA candle

anyway man big respect for your work
i feel estetical pleasure looking on your code
Searching for inside balance.
  • #11,122
  • Jun 3, 2009 1:44am Jun 3, 2009 1:44am
I think I've found "my" holy grail.
  • #11,123
  • Jun 3, 2009 2:11am Jun 3, 2009 2:11am
Quoting caveman
Hi Flamenkito,

I'd rather you not do that else we will end up with too many variations of the original. There will be a v1.3 to be release soon with advance trailing by percentage of floating pips and dynamic preceding TP where TP moves together with trailing stop to lock in more profits.

It will also be compiled for MT4 v223 and above. Currently, it crashes v223 and v224 because MetaQuote changed the ex4 format from v220.

Hi Pattinatore,

Your request of locking in 8 pips when 10 pips is reached is not practical. That function is really to...
thx, clear as ever
i'll wait for 1.3.. thx a lot
have nice pips!
  • #11,124
  • Jun 3, 2009 2:23am Jun 3, 2009 2:23am
Hello Caveman. I'd like to ask you if it possible to add some BE option to CaveManager. I mean lets say if we have 10pips in profit close for example 50% for 10 pip move and let other 50% to breathe but if not go in our favor direction close at BE. Thanks.


Quoting caveman
Hi Flamenkito,

I'd rather you not do that else we will end up with too many variations of the original. There will be a v1.3 to be release soon with advance trailing by percentage of floating pips and dynamic preceding TP where TP moves together with trailing stop to lock in more profits.

It will also be compiled for MT4 v223 and above. Currently, it crashes v223 and v224 because MetaQuote changed the ex4 format from v220.

Hi Pattinatore,

Your request of locking in 8 pips when 10 pips is reached is not practical. That function is really...
  • #11,125
  • Jun 3, 2009 2:37am Jun 3, 2009 2:37am
Quoting Wlfx
Hello Caveman. I'd like to ask you if it possible to add some BE option to CaveManager. I mean lets say if we have 10pips in profit close for example 50% for 10 pip move and let other 50% to breathe but if not go in our favor direction close at BE. Thanks.

it still exist also in ver 1.1 is profit by batch!
can anyone post 1.2 here?i can't find it anywhere
  • #11,126
  • Jun 3, 2009 2:39am Jun 3, 2009 2:39am
Quoting Wlfx
Hello Caveman. I'd like to ask you if it possible to add some BE option to CaveManager. I mean lets say if we have 10pips in profit close for example 50% for 10 pip move and let other 50% to breathe but if not go in our favor direction close at BE. Thanks.
Hi Wlfx,

What you need to do in this case is set take profit by batch with 1st batch at 10pips for 50% of your lot size and set NOLOSS at 10pips. It is similar to BE that you are talking about.

Combine the above with trailing stop and you have a complete trade management strategy for your position.

Cheers,
CaveMan
  • #11,127
  • Edited 3:32am Jun 3, 2009 2:45am | Edited 3:32am
I'm short. If I lost, I'll lost 20 pips. If I win, I'll win the jackpot
Entry: 1.66513
SL: 1.6672
Exit: Not yet defined

- 15m bear div. Fast trix is red
- 3m bear div. Both trix are red
- PA fails to break upper Andrew's Line.

Attached Image (click to enlarge)
Click to Enlarge Name: meta3m.gif Size: 31 KB


Attached Image (click to enlarge)
Click to Enlarge Name: meta15m.gif Size: 22 KB


Add: Arrgghhh UK PMI stopped me out. 1.6641. Hate it
Manage your risk accordingly and you're half done your home work.
  • #11,128
  • Jun 3, 2009 2:45am Jun 3, 2009 2:45am
Quoting pattinatore
it still exist also in ver 1.1 is profit by batch!
can anyone post 1.2 here?i can't find it anywhere
Hi Pattinatore,

v1.3 will be release shortly once I get Cobra's approval to release.

Cheers,
CaveMan
  • #11,129
  • Jun 3, 2009 2:54am Jun 3, 2009 2:54am
Better go for the Break Even as soon as you have a chance. Personalme. While not necessarily I disagree with your take on this trade, all the same, you are trading against an Up Sloping Andrew's Lines and having the mentality of picking tops. As I said, NOT necessarily I disagree with you on this trade, I can relate to it in fact. Take care.

Have a good one
Jeff

Quoting personalme
I'm short. If I lost, I'll lost 20 pips. If I win, I'll win the jackpot
Entry: 1.66513
SL: 1.6672
Exit: Not yet defined

- 15m bear div. Fast trix is red
- 3m bear div. Both trix are red
- PA fails to break upper Andrew's Line.

Attachment

Attachment
~*~You are only one trade away from humility~*~
  • #11,130
  • Jun 3, 2009 3:03am Jun 3, 2009 3:03am
Quoting personalme
I'm short. If I lost, I'll lost 20 pips. If I win, I'll win the jackpot
Hi Personalme,

Wow! You should be at BE already. Congrats on the counter trend trade. Brave of you to trade against such strong uptrend. PA just broke major AL.

I would have waited for PA at the center meridian line of minor AL and use THV for the perfect setup.

Edit:
Jeff beat me to this reply. Forgot to say that I do not trade this pair as I have a weak heart.

Cheers,
CaveMan
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
  • #11,131
  • Edited 3:09am Jun 3, 2009 3:05am | Edited 3:09am
Quoting jharteam
Better go for the Break Even as soon as you have a chance. Personalme. While not necessarily I disagree with your take on this trade, all the same, you are trading against an Up Sloping Andrew's Lines and having the mentality of picking tops. As I said, NOT necessarily I disagree with you on this trade, I can relate to it in fact. Take care.

Have a good one
Jeff
Done that Jeff. Thanks for the advice. Yes, it is against the up sloping AL and I totally aware of this. That's why I put the SL as tight as possible. On the other side, both of my trix (15 and 3) are pointing to lower side.

So based on your opinion, you don't trade the correction wave? Right?

Add: Thanks for the reply Caveman. Please pray for PA to go to the median line. With this way, we are both on win-win side
Manage your risk accordingly and you're half done your home work.
  • #11,132
  • Jun 3, 2009 3:08am Jun 3, 2009 3:08am
You should try with small lots, K. With Andrew's Lines' setup, it moves like crazy futures. You win big fast and you get stopped out fast as well. This is what suits my character. Take care.

Have a good one
Jeff


Quoting caveman

Edit:
Forgot to say that I do not trade this pair as I have a weak heart.

Cheers,
CaveMan
~*~You are only one trade away from humility~*~
  • #11,133
  • Jun 3, 2009 3:14am Jun 3, 2009 3:14am
Quoting jharteam
You should try with small lots, K. With Andrew's Lines' setup, it moves like crazy futures. You win big fast and you get stopped out fast as well. This is what suits my character. Take care.

Have a good one
Jeff
Thanks Jeff. Now patiently waiting for retest of minor AL lower meridian line and THV setup for EU.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #11,134
  • Jun 3, 2009 3:14am Jun 3, 2009 3:14am
Strictly from an Elliott Wave perspective, we don't trade the correctives. But in trading it is not as clearly cut as black and white. WHAT IF, for instance, it's at a juncture with a completed 5-wave advance; I'll certainly go for the shorts as well. So is with Andrew's Lines, if my wave counts point to an impending potential top, I'll make attempt to short at first instance as well. And finally it really depends on what degree of wave counts we are dealing with. If we anticipate a corrective with over 100+ points, we most certainly have the 'room to maneuver ' for a safe shorts/longs. Take care.

Have a good one
Jeff

Quoting personalme
Done that Jeff. Thanks for the advice. Yes, it is against the up sloping AL and I totally aware of this. That's why I put the SL as tight as possible. On the other side, both of my trix (15 and 3) are pointing to lower side.

So based on your opinion, you don't trade the correction wave? Right?
~*~You are only one trade away from humility~*~
  • #11,135
  • Jun 3, 2009 3:27am Jun 3, 2009 3:27am
Ah... see that. The cores here are how large room provided for the correction and how is my trading plan. If the correction is sufficient for my profit target (as well as SL) then then trade can be taken. Thanks for pointing this out.

Quoting jharteam
If we anticipate a corrective with over 100+ points, we most certainly have the 'room to maneuver ' for a safe shorts/longs. Take care.
Manage your risk accordingly and you're half done your home work.
  • #11,136
  • Jun 3, 2009 4:19am Jun 3, 2009 4:19am
Quoting BeachBum
Ed...

I like the fact that the GBP/USD has a greater Daily ATR than EUR/USD without a lot of crazy price spikes or wild moves like the GBP/JPY. And if you like slow, steady and predictable; take a look at AUD/JPY (been very good to me for years!).
Thanks for the tip, have added G/U and A/J to my system and trade it on the 30min.
Still not entirely sure whether I should take longs below the coral / shorts above it too. So far I have stuck to trend trading only...
Have you traded the H1 by itself already Beach Bum?
btw. I am a surfer too (living in Sydney/Australia) - where do you live?
Trading Makes Money!
  • #11,137
  • Jun 3, 2009 7:01am Jun 3, 2009 7:01am
Quoting caveman
Hi Wlfx,

What you need to do in this case is set take profit by batch with 1st batch at 10pips for 50% of your lot size and set NOLOSS at 10pips. It is similar to BE that you are talking about.

Combine the above with trailing stop and you have a complete trade management strategy for your position.

Cheers,
CaveMan
Thank you...I will try it.
  • #11,138
  • Jun 3, 2009 8:37am Jun 3, 2009 8:37am
Yes, as mentioned earlier in the thread that's a known limitation of this mtf indie - it doens't work on custom timeframes. I'm busy working on some stuff of my own now, and I'm not that interested in custom timeframes so I'm not going to get to this real soon. The code for this indie is basically very similar to the other mtf histo indies you will see floating around (I think someone posted one for Rads MTF HA candles a few pages back), so you can try modifying that one if you need one that uses custom timeframes in a hurry. Just change the call of iCustom to use the Ichimoku indie instead of the HA candles indieto get the cloud histo, and then you can make whatever modifications you want for custom timeframes.

Quoting Flamenkito
dear MissPips,

indie Ichimoku Cloud Histo doesn't work properly on custom TF like M2 and so on

http://www.forexfactory.com/attachme...1&d=1243991109

suppose it is because of TF recognition in the code
[code]...
  • #11,139
  • Jun 3, 2009 11:37am Jun 3, 2009 11:37am
Quoting caveman
Hi Pattinatore,

v1.3 will be release shortly once I get Cobra's approval to release.

Cheers,
CaveMan
well and so waiting for cobra's approval

p.s. i'm thinking in a big move to 1.37..

thv says big divergence.. and also the strong resistance (that during from many month) at about 43 says this..
  • #11,140
  • Jun 3, 2009 12:53pm Jun 3, 2009 12:53pm
BB lives here: http://www.forexfactory.com/showpost...7&postcount=66

Quoting Cencored
Beach Bum?
- where do you live?
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