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THV system, final edition

  • #11,241
  • Jun 7, 2009 5:06am Jun 7, 2009 5:06am
Quote:
and another lil question:
when im trading in the 1m chat.. how should i set my TP and my SL to get profitable?
right now im using in 5 pips TP and 7-10 pips to SL
but i think that im doing something wrong cus...

Quoting shortybugi
ok i will
but can u answer me on this question? i really need an answer on this one and i think that here is the place..
Not trying to be funny here, but it is not your TP/SL which is going to make you profitable, it is your ability to read and understand the charts.

As a starting point you can try this:

Use the SL shown by the software (300% ATR) - it has been well thought out and tested to death ....

If you are trading against the trend - trading towards the Coral take profit at half SL - Risk/Reward 2:1

If you trading with the trend - trading away from the Coral take profit at SL - Risk/Reward 1:1

There are many other possibilities, experience will help you find what is good for you personally.
  • #11,242
  • Jun 7, 2009 10:21am Jun 7, 2009 10:21am
Quoting macman
Quote:...

ok i got it..
my trading rules is to trade only from the coral and not towards the coral
i think that i will change my ratio to 7 SL and 5 TP
and i'll see how its works

Quote
Not trying to be funny here, but it is not your TP/SL which is going to make you profitable, it is your ability to read and understand the charts.

the TP/SL makes me to loose less money
i know that there is a lot of skills and mental in forex
this why i take only the right trades that match in 100% to my rules

Quote
Risk/Reward ratio is probably worse in 1m tf, market fluctuation will take out a 7-10 pip SL with ease, maybe 15pips works but I would leave 1m to the pro's, if you can't make money on higher tf's,15m and above, 1m will kill your balance.

i think, that if u take the right trade in the right time u can make a money in all the tf's, u just need to control yourself

if u enter in the right time in 1M chart, so u can be a profitable even if u using only in 6 pips each trade..
and the right time can be just a 2-3 times in day.. that why im trading in a lot of pairs
  • #11,243
  • Edited 10:45am Jun 7, 2009 10:42am | Edited 10:45am
Wad up Cobrafx and all,

Well, have found a decent way to filter noise on the m5 TF. This is in reference to price and the ichimoku cloud crossing the coral. The indicator is the m-candle found at (mq4code base). The m-candle casts a h4 shadow on the m5 price action. This combined with the coral .... well what can I say ....

I know you advocate for fewer indicators, but this is a must ... it rhymes perfectly with the coral and price action. Has helped me alot filter out bad trades.

See attached picture ...... notice the big bear H4 shadow as well as the position of the coral. NB: Price action is at m5 chart.

The results posted are all in 2 days work on micro - 0.02 lots demo: $1,500 > $1,770.

Happy pipping y'all..........................

Rgs
Kelvin
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,244
  • Jun 7, 2009 10:48am Jun 7, 2009 10:48am
See attached picture ...... notice the big bear H4 shadow as well as the position of the coral. NB: Price action is at m5 chart.

The results posted are all in 2 days work on micro - 0.02 lots demo: $1,500 > $1,770.
Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle.gif Size: 65 KB
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,245
  • Jun 7, 2009 11:36am Jun 7, 2009 11:36am
Quoting Popee83
See attached picture ...... notice the big bear H4 shadow as well as the position of the coral. NB: Price action is at m5 chart.

The results posted are all in 2 days work on micro - 0.02 lots demo: $1,500 > $1,770.
wow this is awesome!
i tried to use the mcandle indicator and this really work!
when there is a trix cross and there is a red shadow too- u goin short

red shadow - only shorty
greed shadow - only long

simple and useful tool.
thanks
  • #11,246
  • Jun 7, 2009 12:32pm Jun 7, 2009 12:32pm
@Popee83 - so could you perhaps plz post the m-Candle indi ?
  • #11,247
  • Jun 7, 2009 12:51pm Jun 7, 2009 12:51pm
Quoting Mandl2007
@Popee83 - so could you perhaps plz post the m-Candle indi ?
here
Attached File(s)
File Type: mq4 m-Candles.mq4   5 KB | 701 downloads
  • #11,248
  • Edited 12:57pm Jun 7, 2009 12:53pm | Edited 12:57pm
Thnx alot shortyburgi. Try the m-candle this coming week and you will have a rock!

Rules:
1. Use SHI-silvertrend to give you buy/sell signal. I've attached a modified one here ..
2. Always follow cobra's level 2 (only coral) entry rules and place TP 1/2 as shown by ATR as advised by cobra.
3. The m-candle's advantage is that after 1 hour inside a bear/bull candle (12 m5 candle counts), it will point trend direction for our scalp even earlier than the coral ... it is safe to enter since as you will notice the coral will soon change color in favor of the m-candle.


So, In a nutshell:

ENTRY:
1. Long: m-candle is green into at least 1 hrs price action(PA) and PA above coral - coral can be green or not yet green. Then SHI-silvertrend gives a blue dot signal ... enter long and TP at 1/2 ATR .

2. Short: m-candle is maroon into at least 1 hrs price action(PA) and PA below coral - coral can be red or not yet red. Then SHI-silvertrend gives a red dot signal ... enter short and TP at 1/2 ATR .


EXIT: Your profit objective will be hit .. or use cobra's exit rules..

NB: Use m5 TF

See attached indicators:
Attached File(s)
File Type: mq4 m-Candles.mq4   5 KB | 780 downloads
File Type: mq4 SHI_SilverTrendSig.mq4   4 KB | 801 downloads
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,249
  • Jun 7, 2009 1:05pm Jun 7, 2009 1:05pm
Sorry guys, here is the modified SHI- silvertrend. Repaints alittle but no course for alarm since you'll also use fib levels for reference .....
Attached File(s)
File Type: mq4 SHI_SilverTrendSig.mq4   4 KB | 845 downloads
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,250
  • Jun 7, 2009 1:17pm Jun 7, 2009 1:17pm
i dont think that it is matter what the color of the coral is..
i personally take the trade when the PA is above/below the ichimoku cloud..
if most of the candle body is above the cloud, take long
  • #11,251
  • Edited 3:31pm Jun 7, 2009 3:14pm | Edited 3:31pm
Quoting Popee83
Sorry guys, here is the modified SHI- silvertrend. Repaints alittle but no course for alarm since you'll also use fib levels for reference .....
Thanks. I will try them.
  • #11,252
  • Jun 7, 2009 5:05pm Jun 7, 2009 5:05pm
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"...
Hi BB

Thanks very much for this information - very useful

I notice that you changed your TRIX histo lights from your earlier M30 fast/M30 slow/H1 fast/H1 slow setup to M30 fast/M30 slow/H1 fast/H4 fast.

How do you use the H4 fast indicator as I see you do not use it as an entry criteria ?

Keep up the great posts .... appreciated
  • #11,253
  • Edited 6:29pm Jun 7, 2009 6:17pm | Edited 6:29pm
Anyone else having connection problems on Metatrader - Alpari? It's 4:30 PST on Sunday. It just says no connection on my connection screen. When I go to log in or rescan servers..nothing happens. Ideas?

Is there another place that I can download MT4 that you would reccommend that uses different servers? (my internet connection is fine as evidenced by my message on here).

Any and all help greatly appreciated!

Thank you!

EDIT: It finally connected. Took unusually long to sync and get chart data... about 7-8 minutes...seemed like an enternity. I'll be more patient next time.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #11,254
  • Jun 7, 2009 8:52pm Jun 7, 2009 8:52pm
Quoting Popee83
Thnx alot shortyburgi. Try the m-candle this coming week and you will have a rock!

Rules:

3. The m-candle's advantage is that after 1 hour inside a bear/bull candle (12 m5 candle counts), it will point trend direction for our scalp even earlier than the coral ... it is safe to enter since as you will notice the coral will soon change color in favor of the m-candle.


So, In a nutshell:

ENTRY:
1. Long: m-candle is green into at least 1 hrs price action(PA) and PA above coral - coral can be green or not yet green. Then SHI-silvertrend gives...
Hello sir, would you please go over point #3 again. I would like to get full understanding of the indicator, i dont completely understand.

thanks
  • #11,255
  • Jun 8, 2009 3:43am Jun 8, 2009 3:43am
2 trades for a total of +46, had I left my inital stop for trade 1 alone it could have made 80+, dont break your rules.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-6.gif Size: 66 KB
  • #11,256
  • Jun 8, 2009 3:58am Jun 8, 2009 3:58am
Hey Tracom,

Good day. The point #3 gives us a more probable entry point. As you will notice, some times the m-candle shadow will repaint. I understand that this will be confusing for many guys in this business.

To help you out. The coral is always around the PA and will give you optimal entries. Ps refer to the pictures of todays action. I use FXDD for my charting and place my orders with MBT navigator.

I'll posibly confuse you guys more or help you by introducing another filter. Sorry CobraFx, am not in a position of starting a thread.So please bear with me to use your post and polish the skills of new traders

Incorporate Center of Gravity (COG) if you feel confused and pressured to exit a potentially profitable trade.

I'll not attempt to over-modify THV. Though I use x_fibo, m-fibo, m-candles, COG and coral. This gives me absolute filter conditions and a safe sense of direction. As you will see from my statement - I don't use SL due to Sl hunting, I'd rather exit manually.

the cured dotted lines are the COG. Note: Good resistance/support levels are fib clusters and confluence. The m-fib, and x_fib give these zones. The COG curves and the green line shows optimal R&S zones especially when it touches the cluster zones. As usual, the m-candle shows us what is happening in the h4 chart.

I'll post here all indicators and template. Use larger time frames for COG direction and trade it in m15 chart for fib R&S clusters and confluence. Your screen will be really clumsy but trust me its worth it once you get a hang-of-things ....
Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle3.1.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle3.2.gif Size: 23 KB
Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle3.1.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle3.2.gif Size: 23 KB


Attached File(s)
File Type: tpl 3-levels-fibo-final_mfibo-cog.tpl   66 KB | 1,024 downloads


Attached File(s)
File Type: mq4 Center of Gravity.mq4   5 KB | 998 downloads


Attached File(s)
File Type: mq4 DIGISTOCH.mq4   20 KB | 989 downloads


Attached File(s)
File Type: mq4 fibo-gann-variations-x_fibo.mq4   6 KB | 1,040 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle3.1.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv3_m-candle3.2.gif Size: 23 KB


Attached File(s)
File Type: tpl 3-levels-fibo-final_mfibo-cog.tpl   66 KB | 1,024 downloads


Attached File(s)
File Type: mq4 Center of Gravity.mq4   5 KB | 998 downloads


Attached File(s)
File Type: mq4 DIGISTOCH.mq4   20 KB | 989 downloads


Attached File(s)
File Type: mq4 fibo-gann-variations-x_fibo.mq4   6 KB | 1,040 downloads


Attached File(s)
File Type: mq4 GMACD_Signals.mq4   19 KB | 920 downloads
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,257
  • Jun 8, 2009 4:08am Jun 8, 2009 4:08am
I have winRAR hence my compressed files didn't upload. But search the indicators from this site and mql4 codebase:

Ok I think, I got it right this time .... So, here they are .....
Attached File(s)
File Type: zip THV3 Noise filters.zip   80 KB | 966 downloads
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,258
  • Jun 8, 2009 4:13am Jun 8, 2009 4:13am
I have winRAR hence my compressed files didn't upload. But search the indicators from this site and mql4 codebase:

Ok I think, I got it right this time .... So, here they are .....all zipped. i guess .....
Attached File(s)
File Type: zip THV3 Noise filters.zip   80 KB | 1,350 downloads
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #11,259
  • Jun 8, 2009 4:55am Jun 8, 2009 4:55am
Quoting Popee83
Hey Tracom,

Good day. The point #3 gives us a more probable entry point. As you will notice, some times the m-candle shadow will repaint. I understand that this will be confusing for many guys in this business.

To help you out. The coral is always around the PA and will give you optimal entries. Ps refer to the pictures of todays action. I use FXDD for my charting and place my orders with MBT navigator.

I'll posibly confuse you guys more or help you by introducing another filter. Sorry CobraFx, am not in a position of starting a thread.So please...
I think this post and some of the recent earlier posts will confuse many who want to learn the THV system.

If you want to discuss a THV varient, start your own thread. By all means invite THV users to visit, but this really does not help newbies.

I myself also trade a THV varient, but I do not post it here and if I post a trade I make sure the image is from my THV screen.

Don't get me wrong, I think it is great you have enthusiasm and want to try new things, but I.M.H.O this not the right place.

Good trading to all ....
  • #11,260
  • Jun 8, 2009 5:34am Jun 8, 2009 5:34am
To Popee83

Quoting macman
I think this post and some of the recent earlier posts will confuse many who want to learn the THV system.
Precisely. I wanted to send you a PM to that effect but your PM is not activated. If anyone is interested in adding your indicators to their charts, ask them to send you requests in a PM. We go through this regularly and so far have managed to keep the thread clean.

If you like, feel free to send your information and ideas to anyone of the THV team members, Cobra first, and see what they say.

Thank you.
Deprive a man of everything and you give him nothing to lose.
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