Attachments: THV system, final edition

THV system, final edition

#11,481
Edited 1:14am Jun 17, 2009 12:59am | Edited 1:14am

Cencored
| Joined Apr 2009 | Status: Pro Trader | 265 Posts

Quoting BeachBum

Disliked

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"...

Ignored

Hi BB,
I have a few questions for you. I really like your M15 chart btw.

1) I noticed you have replaced the 4th light (which was H1slow) with the H4 fast. Why is that and what do you use the 4th light for?

2) Are you still checking the H1 TF chart for Fast Trix and Pa being in No-Mans-Land or do you simply follow the color change of the H1fast light on the M15?

3) Do you always make sure that not only you have m30f,m30s,M60f,H30C,M60C in one color as well as the two trix lines on M15 in the same color before you enter a trade?

You would really help me with clarifying this and I would be very grateful to you! Thanks

Trading Makes Money!

#11,482
Jun 17, 2009 2:15am Jun 17, 2009 2:15am

MCFly
Joined Sep 2008 | Status: Trader | 1,364 Posts

Quoting Cencored

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I have noticed that when switching TF's the lights sometimes change when switching forth and back.
So is it better to setup a separate charts with separate TF's and not switch them at all so that the Miss Pips indicators won't repaint?

Ignored

When you switch the tfs it's the same like you shut down meta trader. A multi timeframe indic will ever repaint when you shut down meta trader.

#11,483
Jun 17, 2009 2:56am Jun 17, 2009 2:56am

freddi
| Joined Jan 2008 | Status: Trader | 143 Posts

Quoting MCFly

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When you switch the tfs it's the same like you shut down meta trader. A multi timeframe indic will ever repaint when you shut down meta trader.

Ignored

Hi McFly...so if after starting up at say 07:00, I leave a (say) 5m chart running thru the day without changing TF, and the highest TF indicator I have on the chart is say 1H....then I can backtest/check to 08:00, and know that no repainting would have occured....is this correct?

TIA freddi

#11,484
Jun 17, 2009 6:28am Jun 17, 2009 6:28am

MCFly
Joined Sep 2008 | Status: Trader | 1,364 Posts

Quoting freddi

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Hi McFly...so if after starting up at say 07:00, I leave a (say) 5m chart running thru the day without changing TF, and the highest TF indicator I have on the chart is say 1H....then I can backtest/check to 08:00, and know that no repainting would have occured....is this correct?

TIA freddi

Ignored

Yes you can (is Obama around? ;-)) but you will never now if you had a disconnect (=repainting). ^^ The logic why a multi timeframe indicator is repainting is easy to understand. When you are on the 5 min timeframe you get 3 boxes or lights till one 15 min candle is closed. This means a 15 min period is divided in 3 parts. If the quotes move strong the 15 min trix can change from red to green to red and so on. If this happen you will see 3 boxes with different colours for 15 min. In the end the trix on the 15 min timeframe can only be red or green. When you restart meta trader or switch timeframes the trix mtf indicator can not remember the colour changes during the 15 min candle...it's green or red. Therfore you have now 3 green or 3 red lights on the 5 min tf.

#11,485
Jun 17, 2009 7:32am Jun 17, 2009 7:32am

Cencored
| Joined Apr 2009 | Status: Pro Trader | 265 Posts

Quoting MCFly

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Yes you can (is Obama around? ;-)) but you will never now if you had a disconnect (=repainting). ^^ The logic why a multi timeframe indicator is repainting is easy to understand. When you are on the 5 min timeframe you get 3 boxes or lights till one 15 min candle is closed. This means a 15 min period is divided in 3 parts. If the quotes move strong the 15 min trix can change from red to green to red and so on. If this happen you will see 3 boxes with different colours for 15 min. In the end the trix on the 15 min timeframe can only be red or green....

Ignored

So that means, to keep the timeframes that you want to look at on separate charts and not switch TF's via the buttons on one chart in order to have accurate results?

Trading Makes Money!

#11,486
Jun 17, 2009 8:06am Jun 17, 2009 8:06am

MCFly
Joined Sep 2008 | Status: Trader | 1,364 Posts

Quoting Cencored

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So that means, to keep the timeframes that you want to look at on separate charts and not switch TF's via the buttons on one chart in order to have accurate results?

Ignored

I think when you trade live or demo you can switch because the present is important. When you want to backtest I would recommend either to use the trade simulator or you backtest by looking on the real trix on every timeframe.
I think the most of the thv trader have charts open on different timesframes. Then you don't need to switch. I use the 15 min (analyse template), the 5 min (original thv3 template) and the 1 min (thv3+additional indicators) timeframe.

#11,487
Jun 17, 2009 8:26am Jun 17, 2009 8:26am

radi164
| Joined Apr 2007 | Status: Trader | 20 Posts

hi miss pips .
i do as your instruction i got better result .but i don't found the indies inside the mtf .i past all is good up now but i'm sure my mistake is with the indies . i search inside the mtf but no result .sorry about my bother to you .thank you too much for help.

#11,488
Jun 17, 2009 8:53am Jun 17, 2009 8:53am

Wlfx
| Joined Jan 2009 | Status: -{---- | 203 Posts

Quoting Cencored

Disliked

I have noticed that when switching TF's the lights sometimes change when switching forth and back.
So is it better to setup a separate charts with separate TF's and not switch them at all so that the Miss Pips indicators won't repaint?

Ignored

Go to this page http://www.forexfactory.com/showthre...35#post2758935 and read post #10992, also you can view MissPips answers releated to your post.

#11,489
Jun 17, 2009 10:16am Jun 17, 2009 10:16am

lgygt
| Joined Jun 2009 | Status: Trader | 13 Posts

Hi Guys,

I am a newbie here, just found the thread yesterday. I have a few problems to load up the template. Hope you can help.

I have download all the indicators and template from the first post but at the end I have the chart like picture #1, it looks fine but missing the bottom like the 2nd picture, can anyone give me a hand?

Thanks a lot.

Attached Image(s) (click to enlarge)

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#11,490
Jun 17, 2009 10:25am Jun 17, 2009 10:25am

MissPips
Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts

`Hi Radi,

I don't understand what you mean when you say you don't find
the indies inside the mtf. Can you please post a chart to show what
you mean.

Quoting radi164

Disliked

hi miss pips .
i do as your instruction i got better result .but i don't found the indies inside the mtf .i past all is good up now but i'm sure my mistake is with the indies . i search inside the mtf but no result .sorry about my bother to you .thank you too much for help.

Ignored

#11,491
Edited 11:08am Jun 17, 2009 10:26am | Edited 11:08am

MissPips
Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts

Please follow the instructions in my post 11476 to Radi. To make your life easier I added a black template. Personally I prefer beige but some folks like black

Quoting lgygt

Disliked

Hi Guys,

I am a newbie here, just found the thread yesterday. I have a few problems to load up the template. Hope you can help.

I have download all the indicators and template from the first post but at the end I have the chart like picture #1, it looks fine but missing the bottom like the 2nd picture, can anyone give me a hand?

Thanks a lot.

Ignored

Attached File(s)

thvv3black.tpl 45 KB | 707 downloads

#11,492
Jun 17, 2009 10:40am Jun 17, 2009 10:40am

LinksMan
| Joined Feb 2009 | Status: Trader | 68 Posts

You guys must get fed up with problems about getting the right charts etc! Downloaded the templates on Monday but somethings not right. The MTF Trix Histo never changes from all green lights, I have used it on both EUR/USD and GBP/USD but it makes no difference, am I using the wrong version? Also I can't find the M15, M30F, M30S, H1 Trix but it must be around somewhere!

Thanks in advance for all you guys help and patience!

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#11,493
Jun 17, 2009 11:31am Jun 17, 2009 11:31am

MissPips
Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts

Please try the template I posted in the post just above yours. Please make sure you copied all the mtf indies to your mt4/experts indicators folder. When the mtf indies don't work, they are missing the trix indie that they call - in this case THV3 Trix for MTFHisto so make sure you have that one in your indies folder.

Quoting LinksMan

Disliked

You guys must get fed up with problems about getting the right charts etc! Downloaded the templates on Monday but somethings not right. The MTF Trix Histo never changes from all green lights, I have used it on both EUR/USD and GBP/USD but it makes no difference, am I using the wrong version? Also I can't find the M15, M30F, M30S, H1 Trix but it must be around somewhere!

Thanks in advance for all you guys help and patience!

Ignored

#11,494
Jun 17, 2009 11:36am Jun 17, 2009 11:36am

radi164
| Joined Apr 2007 | Status: Trader | 20 Posts

hi miss pips .
when i past the files from mtf they dont do pasting .when i open my softwer i don't found it into .non in indicator .even non in metaeditor to past it .did the system accept the ex4 file as they inside the mtf.???????
or i should convert ir ? or do something else /please be patient with the newbie like me .with all respect for you .with many thanks

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Size: 63 KB

#11,495
Jun 17, 2009 11:52am Jun 17, 2009 11:52am

MissPips
Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts

Well, there are two possibilities:

1) You have not pasted the indies to the correct folder. You need to paste them to yourmt4dir/experts/indicators folder or
2) You have too many indies in your folder. Mt4 can only show so many. However, if you were using one of the templates that I posted, and you did copy the indies to the right folder they would show up on the chart even though you cant see them in Navigator.

Please post a screenshot using one of the templates that I posted a few posts ago so that we can see which it is.

Quoting radi164

Disliked

hi miss pips .
when i past the files from mtf they dont do pasting .when i open my softwer i don't found it into .non in indicator .even non in metaeditor to past it .did the system accept the ex4 file as they inside the mtf.???????
or i should convert ir ? or do something else /please be patient with the newbie like me .with all respect for you .with many thanks

Ignored

#11,496
Jun 17, 2009 12:27pm Jun 17, 2009 12:27pm

Nagpada
| Joined Mar 2009 | Status: Trader | 195 Posts

Quoting MissPips

Disliked

You need to set autotf to false. In post 9020 Bart21 posted a template with examples of how to set all the tfs.

Ignored

Has this template been tested ? Though it is exactly what I was looking for the picture it projects is very different on different TF's. So for example viewing the 4H TF it will show 15M TF to be green for 4 bars, if I switch to 1H TF, here it shows 15 M TF to be green for only 1 bar. This happens more often than not. The difference in the picture painted are quite major and misleading.

Comments ? Thanks.

#11,497
Jun 17, 2009 1:11pm Jun 17, 2009 1:11pm

MissPips
Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts

This template is supposed to show you examples of how to set the mtf indies to any tf you want.
If you switch tfs, and if you are looking at a lower tf from the higher one, of couse the results are going to be different.

For one thing, every time you switch tf, the indie is initialized causing it to repaint (as explained many times previously in this thread).

For another thing it is fairly meaningless to look at the lower tfs from a higher tf chart except in 'real time'. Since there are (for example) four 15 min bars in a 1 hour chart and sixteen 15 min bars in a four hour bar, of course all these can't be shown. So you are going to end up with only the result of the last of the 15 minute bars showing on the higher tf, except in real time, and even then at the end of the higher tf bar you are going to see only the result of the last 15 m bar

Lastly - this system was only officially tested on the EurUsd for trading the 6 point method on the 1 min tf, looking at the higher tfs from the lower one. If you are going to use it differently you need to do your own testing.

Quoting Nagpada

Disliked

Has this template been tested ? Though it is exactly what I was looking for the picture it projects is very different on different TF's. So for example viewing the 4H TF it will show 15M TF to be green for 4 bars, if I switch to 1H TF, here it shows 15 M TF to be green for only 1 bar. This happens more often than not. The difference in the picture painted are quite major and misleading.

Comments ? Thanks.

Ignored

#11,498
Jun 17, 2009 1:27pm Jun 17, 2009 1:27pm