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THV system, final edition

  • #11,421
  • Jun 14, 2009 4:49pm Jun 14, 2009 4:49pm
Like I understand each indicator has a limited quantity of buffers, that's why you can't trigger more than 4 TFs at once.

Everything else would need an EA instead of an indicator as an EA has unlimited possibilities to call an indicator.

MissPips or Caveman, please correct me if I'm wrong.


Quoting 3trader
Would it be possible to create a "total histo" indicator?

- at least 6 green bars on THV MTF Cloud & both THV MTF Histo -> GREEN
- at least 6 red bars on THV MTF Cloud & both THV MTF Histo -> RED
- if less than 6 -> yellow

In that case we would have only 1 indicator instead of three.
  • #11,422
  • Jun 14, 2009 4:53pm Jun 14, 2009 4:53pm
That, together with a historical S&R on higher TF would be an ideal scenario.

But It might be enough on higher TF's to have a color change of the fast Trix as long as they don't show up with divergence (PA is still going WITH the trend but Trix changes color)

Quoting yab
HI COBRA
do U need all TF the trix to b crosed?
  • #11,423
  • Jun 14, 2009 5:04pm Jun 14, 2009 5:04pm
Quoting cobraforex
That, together with a historical S&R on higher TF would be an ideal scenario.

But It might be enough on higher TF's to have a color change of the fast Trix as long as they don't show up with divergence (PA is still going WITH the trend but Trix changes color)
so if I trade the 1 minut MTF what TF do I need besides that
  • #11,424
  • Jun 14, 2009 5:40pm Jun 14, 2009 5:40pm
The best scenarios you catch (in my opinion) going down starting with D1.

Draw your TL and S&R on those TF's and watch where they overlap.

Quoting yab
so if I trade the 1 minut MTF what TF do I need besides that
  • #11,425
  • Jun 14, 2009 8:05pm Jun 14, 2009 8:05pm
In the following image, the Gartley indicator gave several buy signals. Having found gartley.ex4 or mq4 in one of the THV zip files, I loaded it into the THV3 template. The pdf instructions for THV do not mention this indicator. Is use of the gartley indicator part of the THV system? Many Thanks and Best Regards to All.

http://i468.photobucket.com/albums/r...tleysignal.gif
  • #11,426
  • Jun 14, 2009 8:16pm Jun 14, 2009 8:16pm
Greetings:

In the image I posted, PA is above the Kumo but below the Coral/Hull. If there is such a state as THV 3 orthodoxy, then would it be orthodox to consider it a no trade zone when PA is between the Kumo and Coral?

Many Thanks and Best Regards for Continued Success
  • #11,427
  • Jun 14, 2009 9:25pm Jun 14, 2009 9:25pm
to Cobra or Caveman:

I have just joined this forum, and I think that this system has the best potential to make consistent profits of any system I have tested so far.

I have just opened a $ 10,000.00 demo account with MB Trading (I think the only true ECN broker using Meta Trader).

I have loaded the following 12 pairs with default settings (1 hour TF):
EURUSD, USDCHF, GBPUSD, USDJPY, GBPJPY, EURJPY, AUDUSD, USDCAD, EURGBP, EURCHF, GBPCHF.

Within 5 minutes, THV-EA opened two orders.
1. GBPUSD opened 0.3 lots - already closed 0.1 lot with $ 3.07 profit, the remaining 0.2 lots are running in profit by $ 12.82.
2. USDJPY opened 0.3 lots which are currently running $ -0.31.

I would like to contribute to the forum as my thanks for sharing this great system. If my service is of interest and not already duplicated by someone else, please let me know and I will post weekly updates of P/L.

P.S. I have not completely finished studying the systems instruction manual, so I am using only default settings. Any comments on what variables to change for greater profits are appreciated.

forexhog
  • #11,428
  • Jun 14, 2009 11:11pm Jun 14, 2009 11:11pm
DORAGIO

please dheck your PM


TJ
  • #11,429
  • Jun 15, 2009 1:40am Jun 15, 2009 1:40am
Quoting rbumbalough
In the following image, the Gartley indicator gave several buy signals. Having found gartley.ex4 or mq4 in one of the THV zip files, I loaded it into the THV3 template. The pdf instructions for THV do not mention this indicator. Is use of the gartley indicator part of the THV system? Many Thanks and Best Regards to All.
You need ask in the EA thread here :

http://www.forexfactory.com/showthread.php?t=168347

This thread is for manual THV trading which is not the same as the EA ....
  • #11,430
  • Jun 15, 2009 1:41am Jun 15, 2009 1:41am
Quoting forexhog
to Cobra or Caveman:

I have just joined this forum, and I think that this system has the best potential to make consistent profits of any system I have tested so far.

I have just opened a $ 10,000.00 demo account with MB Trading (I think the only true ECN broker using Meta Trader).

I have loaded the following 12 pairs with default settings (1 hour TF):
EURUSD, USDCHF, GBPUSD, USDJPY, GBPJPY, EURJPY, AUDUSD, USDCAD, EURGBP, EURCHF, GBPCHF.

Within 5 minutes, THV-EA opened two orders.
1. GBPUSD opened 0.3 lots - already...
You need ask in the EA thread here :

http://www.forexfactory.com/showthread.php?t=168347

This thread is for manual THV trading which is not the same as the EA ....
  • #11,431
  • Jun 15, 2009 3:10am Jun 15, 2009 3:10am
You need to set autotf to false. In post 9020 Bart21 posted a template with examples of how to set all the tfs.

Quoting Nagpada
Can the time frame displayed be modified ?
Trix hist bar v 3.1.5.3 displays only M1 & 5 f & s.
Trix hist bar v 3[ 1] [1].1.1 displays the higher 2 time frames from the one being viewed -so if I am viewing the 4H TF then it displays D1, W1, f & s trix positions.
With my way of trading I would like to view the time frames from 5M to D1. I trade 4H TF and for me the lower TF carry more improtance than the higher. I get into a trade when most of the lower lights are agreeing with 4H TF. and have been for a while. This tell me the present momentum....
  • #11,432
  • Jun 15, 2009 5:06am Jun 15, 2009 5:06am
Hi all,

I just want to ask the most senior traders using the THV system. What is the exactly entry signal? The V3 system has an introduction about price and cloud above the coral, suggest buy when the the trix cross. What is the exactly buy or sell entry signal? Once all the conditions match, immediately get in or trix cross then get in? Or waiting for the price to retrace to s/r, and get in?
  • #11,433
  • Jun 15, 2009 5:54am Jun 15, 2009 5:54am
Hello.
Can somebody help me?

Were I can read about blue, red and green ichimoku lines.

Thank you.
Attached Image
  • #11,434
  • Jun 15, 2009 6:46am Jun 15, 2009 6:46am
Quoting cobraforex
Only observation is that everything works fine, I'm still scalping and beside that trading 15M and 4H TF's.

I do that on different accounts, that way I avoid problems with hedging (having a long on long term and a short scalp trade at the same moment) which isn't allowed on some brokers anymore.

Other news is that I'll try to start live trading the THV EA during the Asian sessions in the next week as FXsol introduced MT4, but will execute the exits manually, with other words I will use only the EA entries which will be very agressive...
Thank you for answer.

be good

pipgame
  • #11,435
  • Jun 15, 2009 8:42am Jun 15, 2009 8:42am
G/U 15m
Attached Image (click to enlarge)
Click to Enlarge Name: 15-6.gif Size: 50 KB
  • #11,436
  • Jun 15, 2009 9:59am Jun 15, 2009 9:59am
Dear cobraforex,
This is my first post in forexfactory.This is a great system!
Thank you very much.
  • #11,437
  • Jun 15, 2009 10:15am Jun 15, 2009 10:15am
Honestly Wlfx, I am not too sure what you are asking here. Sounds to me that you know a little of everything but not much of everything. I am not trying to be sarcastic here. Just reading off what you have written and stating my frank opinion.

My best advice for you is this, spend more time to FULLY understand these 3 basic tools - trend line, Fibonacci retracements and S/R and keep your charts clean to analyze for the next trade to take. Draw trendlines the way that most people will likely draw them. Draw Fibo retracements on big moves that jump at you from the charts and pick S/R where it is most obvious. Never try to fit these tools into what you think is correct. Let the tools show you what is correct. If you cannot fit a trend line, don't draw it. If you cannot find pivots to draw fibo, don't plot it. If you cannot find S/R, don't just pick any. Only draw and plot trendline, fibo and S/R where it is most obvious. Only then will they be really accurate in price prediction.

All these are based on a very basic principle of "self-fulfulling prophecy".

If you are not able use the above tools to do a calculated prediction of where price will be or what PA might do, then don't trade. Chances are you are just making a wild guess. A calculated prediction has a far better chance of being correct than a wild guess of 50% chance.

After the above, then do you consider using THV to further fine tune your entry on the lower TF by picking the best point of entry where trix cross and not trade against divergence.

For me, I trade the H1 TF using the above 3 basic tools plus Andrew's Meridian Lines. I use THV to time entries for H1 and trade M5 in both directions (with and against the H1 trend) to kill boredom while waiting for H1 TF to line up since with my analysis on H1, I already have my calculated prediction of where price might go.

Hope my reply helps.

Cheers,
CaveMan


Quoting Wlfx
There is enough to put only S/R (not so much historical) to become no trading chart. Correct me please what is wrong with this chart ? Even an 1H candle can 3 times change its mind to close bear or bull candle. I do not see how you are getting high probability trades ?When ? touch of good know S/R ?- which one is it ?, or will break it or no or when you realize that it is broken or not ?.... touch/bounce/break of TL? - i have seen hundred of times when PA closed under TL but continues to move another way?... Fibs ? - what level will hold or at what level it will retrace ?...
  • #11,438
  • Jun 15, 2009 10:33am Jun 15, 2009 10:33am
hello dear all .
first i thank every body hire help in this thread .i'm newbie in forex but i test this forum for a month i found it is great and help to made money .
can i ask you some help with thv mtf .its'nt work with me .i past it when i open to past i don't found any thing inside .also the ssi fast bar entry .that you talk abou the entry after 6 green bar on long and sell after 6 bar red too .did i talk for the same indicator as i understand it?

thank you too much for help.and for this great system .to cobra and every body .
  • #11,439
  • Jun 15, 2009 10:56am Jun 15, 2009 10:56am
Quoting caveman
My best advice for you is this, spend more time to FULLY understand these 3 basic tools - trend line, Fibonacci retracements and S/R and keep your charts clean to analyze for the next trade to take ...
Well said

If it is not obvious where to place them they do not exist in first place. More and more becomes obvious over the time. Only left to say learning about what candlestick patterns can tell you when PA closes to levels measured by these tools.

stefx.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #11,440
  • Edited 11:35am Jun 15, 2009 11:08am | Edited 11:35am
Try this template. (Make sure you have copied the mtf indies from the zip in the first page to your mt4 indicators folder first)

Quoting radi164
hello dear all .
first i thank every body hire help in this thread .i'm newbie in forex but i test this forum for a month i found it is great and help to made money .
can i ask you some help with thv mtf .its'nt work with me .i past it when i open to past i don't found any thing inside .also the ssi fast bar entry .that you talk abou the entry after 6 green bar on long and sell after 6 bar red too .did i talk for the same indicator as i understand it?

thank you too much for help.and for this great system .to cobra and every body .
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