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THV system, final edition

  • #11,201
  • Edited 3:27am Jun 5, 2009 3:14am | Edited 3:27am
Have an example on 4H, divergence marked in blue lines together with a confirmed doji and entry permission on 15M garantized a +160 pips trade without waiting for cloud and TL cross, out on critics like ICCE and S&R.

Quoting cobraforex
You can use it for daily charts if you have enough patience to wait for a signal, I'm trading 4H now with 5M and 15M as the entry trigger, BB and Bemac have the fault on that.
Attached Image (click to enlarge)
Click to Enlarge Name: thv3 65.gif Size: 45 KB
  • #11,202
  • Jun 5, 2009 3:38am Jun 5, 2009 3:38am
Hi BeachBum,
Love your posts and those of the Team and other Senior members!! Am trying hard to get to grips with what looks like a very powerful system, which seems to 'allow' (perhaps a better word is 'invite') others to personalise it..Though I will stick to the 'basics' while learning!

Following on from Cencoreds post (11196), I can see that the third yellow vertical line is a better entry than the second. As a newbie I can see no way of knowing that at the time (of the 2nd vertical line) or indeed if a 3rd would 'form'. Please correct me if I am wrong. The only 'difference' that I can see between the 2nd & 3rd lines candles, is that 3rd lines candle closed below Red moving average(?).

BTW did you take the trades at both the 2nd and 3rd lines or just the 3rd?

TIA

freddi

Quoting BeachBum
For those who like to trade M15 and higher; here is a little technique I have been using for a while that helps maximize trades by keeping DD low, avoiding range areas, providing optimal entry points and maximizing pip gain.

The attached GBP/USD M15 chart from last week illustrates this very well. H1 fast TRIX has signaled 'possible' sell opportunities. Looking at the M15, we see all signals indicate a sell at the close of the 5/15, 3:00 candle. However, rather than enter at the open of the next candle, I prefer to wait until the low of that "signal"...
  • #11,203
  • Jun 5, 2009 3:42am Jun 5, 2009 3:42am
Hi Caveman. I am having sometimes problem with Cavemanger. It is failing to TP first batch and giving such a erorr. Can you please lokk at this screenshot ? Thank you.

BTW: I have this problem in 1.1 ver too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: error.gif Size: 4 KB
Click to Enlarge Name: error1.gif Size: 12 KB
  • #11,204
  • Jun 5, 2009 3:49am Jun 5, 2009 3:49am
Ping error sounds like an internet problem, but let's wait what Caveman suggest.

Quoting Wlfx
Hi Caveman. I am having sometimes problem with Cavemanger. It is failing to TP first batch and giving such a erorr. Can you please lokk at this screenshot ? Thank you.

BTW: I have this problem in 1.1 ver too.
  • #11,205
  • Jun 5, 2009 3:54am Jun 5, 2009 3:54am
Quoting cobraforex
Ping error sounds like an internet problem, but let's wait what Caveman suggest.
Hi Cobra. I have thoght it too , but not at this time, i am sure there were no disconnection, because i am running in background PING and ROUTE command for such this cases. But who knows ?
  • #11,206
  • Jun 5, 2009 4:32am Jun 5, 2009 4:32am
Quoting Wlfx
Hi Cobra. I have thoght it too , but not at this time, i am sure there were no disconnection, because i am running in background PING and ROUTE command for such this cases. But who knows ?
Hi Wlfx,

Cobra is right.

It is a communication error between MT4 Client and the server. It happened right at the same time when the EA sent the request to take profit. The EA will normally do a retry if it encounters such an error provided the price is still above your target.

This should not occur very often unless you are using a lot of EAs on your machine and all the EAs are fighting to access the MT4 trade context. But again, that normally will present a Trade Context Busy error rather than a Trade Context Ping error.

Cheers,
CaveMan
  • #11,207
  • Jun 5, 2009 4:43am Jun 5, 2009 4:43am
Quoting cobraforex
You can use it for daily charts if you have enough patience to wait for a signal, I'm trading 4H now with 5M and 15M as the entry trigger, BB and Bemac have the fault on that.

The MTF you need to drag manually and if you like delete the trend indi, I used it for nothing important.

Cobra you don`t trade on one minute anymore?
  • #11,208
  • Jun 5, 2009 4:50am Jun 5, 2009 4:50am
My mind was so distracted by the thought of eating, instead of closing out a trade, I ended up taking the same position again, TWICE !

need some food!
Deprive a man of everything and you give him nothing to lose.
  • #11,209
  • Jun 5, 2009 4:52am Jun 5, 2009 4:52am
Quoting caveman
Hi Wlfx,

Cobra is right.

It is a communication error between MT4 Client and the server. It happened right at the same time when the EA sent the request to take profit. The EA will normally do a retry if it encounters such an error provided the price is still above your target.

This should not occur very often unless you are using a lot of EAs on your machine and all the EAs are fighting to access the MT4 trade context. But again, that normally will present a Trade Context Busy error rather than a Trade Context Ping error.

Cheers,
CaveMan...
Thanks for the explanation.
  • #11,210
  • Jun 5, 2009 5:09am Jun 5, 2009 5:09am
Quoting cashmeer
My mind was so distracted by the thought of eating, instead of closing out a trade, I ended up taking the same position again, TWICE !

need some food!


Cash, everything is bad when we are hungry. I even don't take my signal though it is an AAA+ grade while I'm having lunch. I just love my food better than my PC
Manage your risk accordingly and you're half done your home work.
  • #11,211
  • Jun 5, 2009 5:22am Jun 5, 2009 5:22am
Here were two good entries on the 1 min based on the 5 min chart...

Considerations:
1.) 5 Min break of a T/L
2.) 5 Min divergence (in blue)

Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1015.jpg Size: 173 KB



1st 1 min Trade:
1.) Bearish divergence and bounce off of MR1
2.) 6 MTF lights

2nd 1 min Trade:
1.) Bearish Divergence and bounce off of Coral
2.) All red lights
3.) Break of PA T/L

Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1016.gif Size: 43 KB


TP at FPV
Deprive a man of everything and you give him nothing to lose.
  • #11,212
  • Jun 5, 2009 5:25am Jun 5, 2009 5:25am
Quoting personalme


Cash, everything is bad when we are hungry. I even don't take my signal though it is an AAA+ grade while I'm having lunch. I just love my food better than my PC
you know what stinks? Smoking kills the appetite!
Deprive a man of everything and you give him nothing to lose.
  • #11,213
  • Jun 5, 2009 5:54am Jun 5, 2009 5:54am
Quoting cashmeer
you know what stinks? Smoking kills the appetite!
http://3.bp.blogspot.com/_2yd-OW1Pno...ning-money.jpg

Btw, my trade looks alike your first pic. Go short earlier @ 1.4197 and still the only trade I took. We are on a low volume activity. Look at that 3x ATR .

We still have potential H&S. Maybe NFP will be the judge.
Manage your risk accordingly and you're half done your home work.
  • #11,214
  • Jun 5, 2009 6:52am Jun 5, 2009 6:52am
1 min Trade...

Considerations:

1.) Bullish Divergence
2.) Break of PA T/L
3.) Trix Cross
4.) 6 MTF Lights
5.) Potential for Retest of 1.42000
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1017.gif Size: 46 KB
Deprive a man of everything and you give him nothing to lose.
  • #11,215
  • Jun 5, 2009 6:56am Jun 5, 2009 6:56am
Quoting cobraforex

Welcome to all FF members and visitors.


I want to present and share a system that I compiled in MT4.
The original idea came from an experienced trader (since 1994) his name here in FF is Turhovach he has the age of 58 years (not too far away from me, lol).

I have absolutely no commercial interest, we are here to help each other.

I found the THV setup very easy to observe and to work with and started to get everything together on the MT4 platform in october 2008.

[color=red]We had more...
can i have ur Indi v3.zip and Template....
tq in advanced....thanks a lot.
  • #11,216
  • Jun 5, 2009 7:23am Jun 5, 2009 7:23am
Quoting vangcuibap
can i have ur Indi v3.zip and Template....
tq in advanced....thanks a lot.
It's all there on page one. Just scan down, it's below the welcome, near the bottom of the first post.
Hej.
  • #11,217
  • Edited 12:24pm Jun 5, 2009 11:22am | Edited 12:24pm
Here was another quick trade...

Considerations:

1.) Bounce off of TRIX T/L
2.) Break of PA T/L
3.) 6 MTF Lights...

Didn't last very long but was good for 10 pips...

ADD Set the S/L at B/E too soon....closed 75% of the trade at 1.4012 and should have put the S/L under the Coral. The bullish divergence right after the retrace would have kept me in the trade....

This puppy is probably going back to 23.6% fib and the Coral which are basically at the same price level on he 5 min chart...

or maybe not! LOL...
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1018.gif Size: 44 KB
Deprive a man of everything and you give him nothing to lose.
  • #11,218
  • Jun 5, 2009 11:42am Jun 5, 2009 11:42am
Quoting cashmeer
Here was another quick trade...

Considerations:

1.) Bounce off of TRIX T/L
2.) Break of PA T/L
3.) 6 MTF Lights...

Didn't last very long but was good for 10 pips...

ADD Set the S/L at B/E too soon....closed 75% of the trade at 1.4012 and should have put the S/L under the Coral. The bullish divergence right after the retrace would have kept me in the trade....

This puppy is probably going back to 23.6% fib and the Coral which are basically at the same price level on he 5 min chart...
the first light is not green & do to the rools we have to look that the first to agry whit the trade
  • #11,219
  • Jun 5, 2009 12:30pm Jun 5, 2009 12:30pm
Quoting yab
the first light is not green & do to the rools we have to look that the first to agry whit the trade
Yab...

The first light on my chart is the ichimoku cloud 15 min...I'm not sure why my ichimoku cloud MTF is on top...I would prefer it to be on the bottom but I cannot figure out how to rearrange the MTF indicators...

The 1 min fast trix was green. Yes, I think according to the rules one should probably take a trade in the 1 min if the fast trix is the color of the direction of the trade...
Deprive a man of everything and you give him nothing to lose.
  • #11,220
  • Jun 5, 2009 12:35pm Jun 5, 2009 12:35pm
unfortunately I was not at the desk to take it....

1.) Bearish Divergence and bounce off of MS3.
2.) Break of PA T/L
3.) Break of TRIX T/L
4.) Trix cross at 0
5.) 6 MTF Lights

Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1019.gif Size: 43 KB


Does it get more probable than that?!
Deprive a man of everything and you give him nothing to lose.
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