THV MTF EA beta testing | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV system, final edition 26,001 replies

MTF Stochastics into MTF Stoch Histogram 8 replies

THV ind 8 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

THV RSI_V2 with Alarms --- need help! 6 replies

Attachments: THV MTF EA beta testing
Exit Attachments

THV MTF EA beta testing

  • #881
  • Edited 9:14pm Jun 12, 2009 9:02pm | Edited 9:14pm
I haven't been able to get this working yet but from my EURUSD M15 charts I think sometimes that entering on the fast trix color change allows an earlier entry that in some cases might allow a better entry point and a trade ending in positive territory even if only on a slight retrace.

Indeed even for manual scalping I find that in most cases - even though this is riskier in theory - if I enter on M5 just on a fast trix color change - provided M1 signals the same in a close time proximity or has just signalled so AND price crosses the Ichimoku Cloud on M1- I can with 90% accuracy jump in and grab 10+ pips with a great R:R ratio. This strategy has netted me 250 pips in the last two days with extremely tight stops.

Hope I can get this EA to work this trading week so I can test for myself.

FE
  • #882
  • Jun 12, 2009 9:51pm Jun 12, 2009 9:51pm
Quoting ForexTrader1


ps was my suggestion before we started this. it was ignored

I do not think it is too late. As EA is still struggling to come up with something viable, a focused group effort limited to handful of pairs and TF would yield better results which can always be expanded later on to other currencies and time frames. Same thing with ea - it should initially focus on basic THV setup, get it to yield results, and than add bells and whistles to make it even more profitable. Hope of success breeds enthusiasm and participation. Otherwise, people can lose the enthuiasm.
  • #883
  • Jun 12, 2009 9:53pm Jun 12, 2009 9:53pm
15m EUR/AUS & G/U
pity about the big loser.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: week ended 13-6.gif Size: 108 KB
Click to Enlarge Name: gu 10-6.gif Size: 75 KB
  • #884
  • Jun 12, 2009 10:02pm Jun 12, 2009 10:02pm
Quoting ForexTrader1
Karun

I could not find a setting to enter the trade on fast trix color change. Is there one ? if not, do you see value in adding one ?

I believe 4 MTF setting are for the color of fast trix on different tf - I am not sure if it captures the color change. For that it has to compare the color with the previous bar, and take trade when color changes.
  • #885
  • Jun 13, 2009 2:33am Jun 13, 2009 2:33am
Quoting forexample
I haven't been able to get this working yet but from my EURUSD M15 charts I think sometimes that entering on the fast trix color change allows an earlier entry that in some cases might allow a better entry point and a trade ending in positive territory even if only on a slight retrace.

Indeed even for manual scalping I find that in most cases - even though this is riskier in theory - if I enter on M5 just on a fast trix color change - provided M1 signals the same in a close time proximity or has just signalled so AND price crosses the Ichimoku...
I just realised the diff between color change and MTF histogram change...they are not the same are they...MTF is formed and color is defined on CLOSE of candle is that right? I think this is fine for safety.
  • #886
  • Jun 13, 2009 6:38am Jun 13, 2009 6:38am
Good weekend guys!
I was just reviewing all the settings and I seem to have confused myself about the simple dot settings on ichimoku clouds. Which one is which? I mean is it:

MTFIchimokuDot1 = Shortperiod.
MTFIchimokuDot2 = Longperiod.

or the other way around? Still some beer running throu my system from last nite it seems..can't seem to get simple things sorted..
Cheers
Kaz
  • #887
  • Jun 13, 2009 10:09am Jun 13, 2009 10:09am
Quoting ForexTrader1

ps was my suggestion before we started this. it was ignored
FT,

It was not ignored, There is a difference between ignoring outright and trying various options. The idea of having many currencies across various TF's is find a suitable setting, even if we can a good setting for a TF on 1 pair, we could use it as baseline for other pairs. Also, if you look at the recent results, probably only a few are testing this with a commitment while others have faded out or not even tried, which I think comes with the territory(not read to try, but to reap the benefits). I'll update the list with users who keep testing and remove the rest and re-organize the pairs, but its going to take a while.

I just wanted to clarify this, since we keep going around this one

Thanks
  • #888
  • Jun 13, 2009 10:13am Jun 13, 2009 10:13am
Quoting kaizasoze
No Karun, not in opposite direction. Let me try to elaborate..if trade is running wild long and its say around 80 pips in profit and resistance comes along in OB level and its closed by EA while PA just resumes from this point deeper into OB/OS levels leaving us behind at resistance. May be we can catch a few then.
If you want to take trades at OB/OS level, you can disable that setting. However, I do not think it is a good idea, the probability of biting us back is more than going in our favor. Remember, with EA's we would really want to take very high probable trades than all the trades(since it is purely based on signals, and does not have the human thinking).

Thanks
  • #889
  • Jun 13, 2009 12:16pm Jun 13, 2009 12:16pm
Quoting karun
If you want to take trades at OB/OS level, you can disable that setting. However, I do not think it is a good idea, the probability of biting us back is more than going in our favor. Remember, with EA's we would really want to take very high probable trades than all the trades(since it is purely based on signals, and does not have the human thinking).

Thanks
I totally agree with you Karun. I was wondering how to ride a big wave, since I believe based on very strict entry conditions if we do catch a runner how to get the most out of it.
Getting into the settings some more, I can only see the best way to do it is take partial profit at first exit(psych levels disabled), rest moved to BE and let it run..next logical exit is either going to be another S/R level or iMax cross.
Now,on the same thought, is it possible to have an option into EA to choose NOT to take profit at next S/R once the previous one was hit for partial exit ? We can use iMax cross as 2nd exit.
eg
Suppose psych levels are disabled as exits and a long trade partially closed by EA at 20 pips profit at MS1, rest moved to BE at same price and lets it run.
then there is S1 ahead, followed by MS2 and S2 and then price starts to come down.
If we use S/R as exit the trade would be closed at S1, while price is shooting past MS2 and S2. Can we ignore these next support levels and let the trade exit on iMax cross(which infact can only be used once for indicator based exits.)

I hope I am getting my point across. Please refer to my last post where I posted 3 charts. It should make sense. This scenario played out on Friday while I was testing USD/CAD.

Any thoughts are welcome
Cheers
Kaz
PS: I figured out the dot stuff..so silly of me to post a question like that!
  • #890
  • Jun 13, 2009 3:49pm Jun 13, 2009 3:49pm
Hi folks,
first of all, thanks to the Cobra team, you are doing great job guys. I have been using the EHV EA only for few days however it seems great.
I would like ask how the screen shot works? Is the picture of the screen taken automaticaly or it must be taken manually?

Thanks and I hope I will contribute with my experience soon.

Cesta
  • #891
  • Jun 13, 2009 11:44pm Jun 13, 2009 11:44pm
Quoting Cesta
Hi folks,
first of all, thanks to the Cobra team, you are doing great job guys. I have been using the EHV EA only for few days however it seems great.
I would like ask how the screen shot works? Is the picture of the screen taken automaticaly or it must be taken manually?

Thanks and I hope I will contribute with my experience soon.

Cesta
Taken automatically, go to experts and then files..u'll see it there! U need it enabled though.

Kaz
  • #892
  • Jun 14, 2009 3:41pm Jun 14, 2009 3:41pm
I had 2 trades this past week for -$152.40 on 60 Min and 1 trade for -$66 on 240 Min. I will make a few adjustments and try again this week.

Mike
  • #893
  • Jun 14, 2009 10:07pm Jun 14, 2009 10:07pm
Quoting kaizasoze
I totally agree with you Karun. I was wondering how to ride a big wave, since I believe based on very strict entry conditions if we do catch a runner how to get the most out of it.
Getting into the settings some more, I can only see the best way to do it is take partial profit at first exit(psych levels disabled), rest moved to BE and let it run..next logical exit is either going to be another S/R level or iMax cross.
Now,on the same thought, is it possible to have an option into EA to choose NOT to take profit at next S/R once the previous one...
At this version, I dont think there is an option to decide which S/R to be used for exits, also there is no option to select which exit option to use when; it is based on whatever hits first.

Can you post your finding on dot stuff?
  • #894
  • Jun 14, 2009 11:08pm Jun 14, 2009 11:08pm
It says that the EA has expired

& The Label below says ... well "Label"

Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-06-14_21;05;02.png Size: 269 KB
  • #895
  • Jun 14, 2009 11:39pm Jun 14, 2009 11:39pm
Quoting NDoubles
It says that the EA has expired

& The Label below says ... well "Label"

Any ideas?
What version have you? V5 expired 2009.06.01, down load V6 at the start of the thread
  • #896
  • Jun 14, 2009 11:55pm Jun 14, 2009 11:55pm
Quoting karun
At this version, I dont think there is an option to decide which S/R to be used for exits, also there is no option to select which exit option to use when; it is based on whatever hits first.

Can you post your finding on dot stuff?
I do understand the current exits Karun. They are pretty darn good by themselves. I was just suggesting an add-on.
I was just playing out a scenario I described earlier and I thought if we can choose our S/R to TP's then that would be great.
I am assuming you are referring to question on dot stuff on cloud histos i asked earlier..as in which relates to which.. I simply made all the MTFhistos to 100 and MTFIchimokuDot1= 100 and Short Period=15 on 15min chart. It was late in friday night and all I wanted to see is if it takes an entry based on short period agreement it did although it ended up a loser!
So it just confirmed what I thought earlier.

MTFIchimokuDot1 = Shortperiod.
MTFIchimokuDot2 = Longperiod.

Also I was thinking can we include volume emphasized indicator in EA to stay away from taking entries in low liquidity periods on higher TF? That would be a another great add-on to this already amazing EA. What do you guys think?

I am having a strange problem with display of could histos. They don't seem to work. I have tried both thv Ichimoku Cloud Histo BarV3.1.1 and THV3 Ichimoku Cloud HistoBarV3.1.2. None of them seems to update in real time..same bar colors? Any ideas what I am doing wrong? MTF histos work just fine!

Cheers
Kaz
  • #897
  • Edited 1:35am Jun 15, 2009 12:26am | Edited 1:35am
Change to settings: switched off Martingale after loss from Friday night. It picked up the current trade based on Martingale but I've switched it off for future trades.

Trade: half closed at profit 6pips @13.36 by iMax Cross, other half moved to BE and currently running 13 pips @ 34.72. Will post the total profit when trade is closed. Its pretty low liquidity this morning, I like how EA still picked up trades based on my entries. Good stuff!

Cheers
Kaz

Update: Trade Closed 13.36+58.71= 72.07 profit. Second exit was 5 pips above the touch of R1. EA Traded as per the defined rules
Attached Image(s) (click to enlarge)
Click to Enlarge Name: M15USDCAD27430984Close.gif Size: 39 KB
Click to Enlarge Name: usdcad15min--asian.jpg Size: 158 KB
  • #898
  • Jun 15, 2009 1:23am Jun 15, 2009 1:23am
Left some feedback in the last few posts for everyone to think about... here are the results for last few days... Good enteries needs help with exits. If I had exited these trades manuall, They would have been all positve pips...but I left them for the EA to exit even though my "gut" feeling told me price was going in the opp. direction...

Will keep working on the 15 min setup.. Got another XP machine running on 4 or 5 pairs @ work 24/7...hehe will check on it in the morning... finally starting to understand some variables after reading Karun's posts bit better...

Enjoy...let's see what we can learn this week... keep up the good work everyone!!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.gif Size: 61 KB
  • #899
  • Jun 15, 2009 1:35am Jun 15, 2009 1:35am
Quoting cyberevil
Left some feedback in the last few posts for everyone to think about... here are the results for last few days... Good enteries needs help with exits. If I had exited these trades manuall, They would have been all positve pips...but I left them for the EA to exit even though my "gut" feeling told me price was going in the opp. direction...

Will keep working on the 15 min setup.. Got another XP machine running on 4 or 5 pairs @ work 24/7...hehe will check on it in the morning... finally starting to understand some variables after reading Karun's...
Good results! would you mind posting your .set file for USD/CAD 15M please, may be we can filter out some of those -ve pips!

Cheers
Kaz
  • #900
  • Jun 15, 2009 2:03am Jun 15, 2009 2:03am
Hello fellow traders,
I'm having problems after putting the THV EA v 06 template on my platfirm it always colapses. Afterthat it shows error screen. Anybody knows what's the problem. Thanks a lot.

Cesta
Attached Image
4 traders viewing now