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THV system, final edition

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  • Post #11,581
  • Quote
  • Jun 22, 2009 4:54am Jun 22, 2009 4:54am
  •  Wlfx
  • | Joined Jan 2009 | Status: -{---- | 203 Posts
Quoting Nagpada
Disliked
How reliable is the T/P in MT4 Navigator. I have noticed that the PA goes beyond the T/P figure that I specify and nothing is triggered. This does not happen everytime. Has happened more than once but even once is too much. My computer was on and running and I have a demo account. Has anyone else encountered this on a demo or live account and what was your solution.
Thanks.
Ignored
At what TP are you refering ? Any trading platform have built in Limit TP, Stop TP etc. Make shure that your spread is covered...Take look at candle open close price...what are bid ask prices. If it is related to Cavemanager it's working very well. Hope this helps.
 
 
  • Post #11,582
  • Quote
  • Jun 22, 2009 6:46am Jun 22, 2009 6:46am
  •  EllisEdi
  • | Joined May 2006 | Status: Always Learning | 226 Posts
Quoting Nagpada
Disliked
How reliable is the T/P in MT4 Navigator. I have noticed that the PA goes beyond the T/P figure that I specify and nothing is triggered. This does not happen everytime. Has happened more than once but even once is too much. My computer was on and running and I have a demo account. Has anyone else encountered this on a demo or live account and what was your solution.
Thanks.
Ignored
A couple of things to watch out for. First the Bid/Ask Price, If price just touchs your T/P level the take profit order will not be filled. Price must go thru your T/P level to trigger. The second item is that you might not get your order filled if price is moving quickly or just barely goes thru your T/P level then retraces.

This is not some retail store where you can buy and sell exactly when and where your want. (Well maybe a lot of MT4 broker's are) LOL. You must get the feel of your brokers fill rules and plan accordingly.

Good Luck
-- Mark
EllisEdi Moving on to my next trade ...
 
 
  • Post #11,583
  • Quote
  • Jun 22, 2009 11:26am Jun 22, 2009 11:26am
  •  Nagpada
  • | Joined Mar 2009 | Status: Member | 195 Posts
Quoting EllisEdi
Disliked
A couple of things to watch out for. First the Bid/Ask Price, If price just touchs your T/P level the take profit order will not be filled. Price must go thru your T/P level to trigger. The second item is that you might not get your order filled if price is moving quickly or just barely goes thru your T/P level then retraces.

This is not some retail store where you can buy and sell exactly when and where your want. (Well maybe a lot of MT4 broker's are) LOL. You must get the feel of your brokers fill rules and plan accordingly.

Good Luck
--...
Ignored
Thank you for your reply. Your explanation makes complete sense. On a couple of occassions it just touched my T/P target and on others it went past by a couple of pips. But on all these occassions the price then retreated.
Thanks
 
 
  • Post #11,584
  • Quote
  • Jun 22, 2009 5:17pm Jun 22, 2009 5:17pm
  •  bythepound
  • | Joined Dec 2007 | Status: Member | 336 Posts
Hi Folks,
I had to change MT4 platforms today. FXCM has a new version which has proven to be much more reliable than the original version. This one is powered by Boston Technologies. Anyway, I need confirmation on the SDX-TzPivot_v4 settings.
FXCM says that the GMT offset is +1 (the server is located in London). Can somebody tell me what should be placed in the first and second setting/value windows. Right now, they both say 0.
Thanks in advance.
Dan
Without vision, the people will perish.
 
 
  • Post #11,585
  • Quote
  • Jun 22, 2009 6:13pm Jun 22, 2009 6:13pm
  •  macman
  • Joined Jan 2009 | Status: Member | 844 Posts
Quoting bythepound
Disliked
Hi Folks,
I had to change MT4 platforms today. FXCM has a new version which has proven to be much more reliable than the original version. This one is powered by Boston Technologies. Anyway, I need confirmation on the SDX-TzPivot_v4 settings.
FXCM says that the GMT offset is +1 (the server is located in London). Can somebody tell me what should be placed in the first and second setting/value windows. Right now, they both say 0.
[font=Calibri][size=3]Thanks...
Ignored
You may find that FXCM offset is actually GMT/BST +1.

This means that during the winter time offset from GMT is +1, but during the summer time it is offset from BST (British Summer Time) by +1, making it offset from GMT by +2.

You would then have a template with winter and summer settings if you want to be really accurate.

Here is a recent link on setting the values:
http://www.forexfactory.com/showpost...ostcount=11573
 
 
  • Post #11,586
  • Quote
  • Jun 22, 2009 6:19pm Jun 22, 2009 6:19pm
  •  yab
  • | Joined Aug 2006 | Status: Member | 99 Posts
Hi is sumbody trading this system with m3 time frame?
 
 
  • Post #11,587
  • Quote
  • Edited 9:28pm Jun 22, 2009 8:52pm | Edited 9:28pm
  •  supremeChaos
  • Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Quoting MissPips
Disliked
...there is something I fundamentally don't understand about volume analysis. If I understand correctly, the price of a forex instrument is determined by all the transactions in the whole market (the interbank market which is huge, the various retail otc brokers etc) plus or minus a few pips for your broker's manipulations. But if you are trading at one broker, you can only see the volume for that broker, which is a tiny fraction of the market...So how / why volume analysis actually work for forex?
Ignored
Quoting jharteam
Disliked
Thanks MissPips, such query has always been on my mind ever since someone (not TH) started using 'volume analysis'. For all these years, from being FX broker (human not electronic platforms) for banks to being a full time trader; volume is something that will never work when it comes to FX trading, well to me anyway.....
Ignored
Quoting traderathome
Disliked
All very true, MissPips. The consensus is that ANY brokers volume data feed is "representative" of the market as a whole....a piece of the pie if you will, but a proportional piece of the pie. Is it true? Who knows. I have even found different indy results from different servers at the SAME broker! ....different, but not materially so....not so as to change any trading decision made on volume.
Ignored
MissPips, jharteam,
[email protected] was right. since we only have our broker's volume, we only trade the "piece of the pie" --- we trade the volume (& charts) that we see. Volume is no different from all the indicators that we use, in the sense that the indicators are based on/derived from our broker's data.

if u wanna learn more about volume analysis (additional tool for better trading), u can't go wrong by reading the posts of some the best (in Volume Analysis, & probably trading in general): Islander, malcolmb14, Dr.Geppynius. u can also check out ShamusFamous's VSA thread. while at it, read free ebook of Master the Markets (post #1 VSA thread).

Like the james16 method, THV can work with other methods. it's your call. As u can see, [email protected] has been using volume with THV.
Hope this helps a bit
 
 
  • Post #11,588
  • Quote
  • Jun 22, 2009 8:58pm Jun 22, 2009 8:58pm
  •  cobraforex
  • Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I think that the daylight savings are taken in account in the coding, Traderathome could confirm that when he comes by, as he created/modded that indi.

Quoting macman
Disliked
You may find that FXCM offset is actually GMT/BST +1.

This means that during the winter time offset from GMT is +1, but during the summer time it is offset from BST (British Summer Time) by +1, making it offset from GMT by +2.

You would then have a template with winter and summer settings if you want to be really accurate.

Here is a recent link on setting the values:
http://www.forexfactory.com/showpost...ostcount=11573
Ignored
 
 
  • Post #11,589
  • Quote
  • Jun 22, 2009 9:30pm Jun 22, 2009 9:30pm
  •  bythepound
  • | Joined Dec 2007 | Status: Member | 336 Posts
Thanks for the help.

Dan
Quoting macman
Disliked
You may find that FXCM offset is actually GMT/BST +1.

This means that during the winter time offset from GMT is +1, but during the summer time it is offset from BST (British Summer Time) by +1, making it offset from GMT by +2.

You would then have a template with winter and summer settings if you want to be really accurate.

Here is a recent link on setting the values:
http://www.forexfactory.com/showpost...ostcount=11573
Ignored
Without vision, the people will perish.
 
 
  • Post #11,590
  • Quote
  • Jun 23, 2009 12:52am Jun 23, 2009 12:52am
  •  kapten_haddo
  • | Joined Feb 2008 | Status: Don't destroy our forrest | 74 Posts
Hi Cobra and all..
I just following this thread...and i am interesting with THV3 Multiple Time Frame..In pdf said "Trade when you get 6 green or 6 red lights total out of all Trix histograms".but i see 8 green trix and 8 red trix..Or it should be "Trade when you get at least 6 green or 6 red lights total out of all Trix histograms"..May i get your help please...tq
Krisna
let's make pips
 
 
  • Post #11,591
  • Quote
  • Jun 23, 2009 4:22am Jun 23, 2009 4:22am
  •  3trader
  • | Joined Dec 2006 | Status: Member | 22 Posts
Hi, guys!

I've got a problem - sorry if it was already explained earlier - this topic is really huge.

Look at 9.35-red picture.
The M1 fast dot is green but M5 fast is red (I didn't go long)

I closed my MT and opened it again. Now look at 9.35-green picture

Both M1 fast and M5 fas are green. What should I do to have the right view of the market all the time? THX!
Attached Image(s) (click to enlarge)
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  • Post #11,592
  • Quote
  • Jun 23, 2009 4:45am Jun 23, 2009 4:45am
  •  dollarsmagic
  • | Commercial Member | Joined Jun 2009 | 117 Posts
Quoting 3trader
Disliked
Hi, guys!

I've got a problem - sorry if it was already explained earlier - this topic is really huge.

Look at 9.35-red picture.
The M1 fast dot is green but M5 fast is red (I didn't go long)

I closed my MT and opened it again. Now look at 9.35-green picture

Both M1 fast and M5 fas are green. What should I do to have the right view of the market all the time? THX!
Ignored
Hai bro, it also always happen to me..
but, you must know to solve it..
what i doing, when it happen...
you must change or klik at another timeframe and go back to timeframe
you used before...
maybe sometime your connection is slow or broker server is slow..
so the indicator cannot read it...

When see you screenshoot,i will scalp long when THV Trix change to green colour....
Good Luck bro..
 
 
  • Post #11,593
  • Quote
  • Jun 23, 2009 4:45am Jun 23, 2009 4:45am
  •  Kielki
  • | Joined Jun 2009 | Status: Member | 8 Posts
You close and open MT4 platform initializing the indis again. It was explained before few times - 5min candle=5 1 min candles, so before it close it can repaint that bars, after it close its no longer repainting


Btw: TradeAtHome - is pivot ver 4.7.2 the newest one?
 
 
  • Post #11,594
  • Quote
  • Jun 23, 2009 5:07am Jun 23, 2009 5:07am
  •  macman
  • Joined Jan 2009 | Status: Member | 844 Posts
Quoting 3trader
Disliked
Hi, guys!

I've got a problem - sorry if it was already explained earlier - this topic is really huge.

Look at 9.35-red picture.
The M1 fast dot is green but M5 fast is red (I didn't go long)

I closed my MT and opened it again. Now look at 9.35-green picture

Both M1 fast and M5 fas are green. What should I do to have the right view of the market all the time? THX!
Ignored
Read the posts by Miss Pips ...
 
 
  • Post #11,595
  • Quote
  • Jun 23, 2009 5:22am Jun 23, 2009 5:22am
  •  3trader
  • | Joined Dec 2006 | Status: Member | 22 Posts
Quoting Kielki
Disliked
5min candle=5 1 min candles, so before it close it can repaint that bars, after it close its no longer repainting
Ignored
Not exactly. My screenshot was taken over twenty minutes after that red box and it was still repainting.

Anyway - thanks for help. I'll be testing it.
 
 
  • Post #11,596
  • Quote
  • Jun 23, 2009 5:41am Jun 23, 2009 5:41am
  •  macman
  • Joined Jan 2009 | Status: Member | 844 Posts
Quoting cobraforex
Disliked
I think that the daylight savings are taken in account in the coding, Traderathome could confirm that when he comes by, as he created/modded that indi.
Ignored
Thanks Cobra ... interesting to find out

Just as a matter of interest Alpari UK is definately GMT/BST +1 - I have an account with them.

Have a profitable day ...
 
 
  • Post #11,597
  • Quote
  • Jun 23, 2009 9:47am Jun 23, 2009 9:47am
  •  Blazer
  • | Commercial Member | Joined Sep 2007 | 359 Posts
Hello the system is super duper , thank you very much.

Anyone know how I can move the pivot labels to the right of the chart ?

Thank you

B
Learn something difficult and earn real money for ever, a lot.
 
 
  • Post #11,598
  • Quote
  • Jun 23, 2009 9:55am Jun 23, 2009 9:55am
  •  notch
  • | Membership Revoked | Joined Apr 2009 | 2,726 Posts
I'm been scalping the EURUSD using this system for the past couple of days and I'm surprised at how easy it is to pick up 10 pips here and there. Combined with my own levels I feel that I now have a complete scalping system, thus there is no need to reinvent the wheel.

Thank you very much!!!
 
 
  • Post #11,599
  • Quote
  • Jun 23, 2009 10:28am Jun 23, 2009 10:28am
  •  MissPips
  • Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Hi SupremeChaos,

Thanks for sharing the links! That's the good thing about trading - there's always something new to learn...

Quoting supremeChaos
Disliked
MissPips, jharteam,
[email protected] was right. since we only have our broker's volume, we only trade the "piece of the pie" --- we trade the volume (& charts) that we see. Volume is no different from all the indicators that we use, in the sense that the indicators are based on/derived from our broker's data.

if u wanna learn more about volume analysis (additional tool for better trading), u can't go wrong by reading the posts of some the best (in Volume Analysis, & probably trading in general): Islander, malcolmb14, Dr.Geppynius....
Ignored
 
 
  • Post #11,600
  • Quote
  • Jun 23, 2009 10:39am Jun 23, 2009 10:39am
  •  MissPips
  • Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
When you took the first screenshot, if you had looked at the 5 chart you would have seen that the 5m fast trix on that chart was red at 9:35. I don't trade the GU so how do I know? I looked at the previous bar - the 9:30 bar, and that one closed red at 1.6296. The next 5 min bar opened at 1.6297 and the low of that bar was 1.6296. So we can assume that in the first 1 minute of that bar on the five m chart, the fast trix was red since the low was the same as the low for the previous bar where the fast trix was also red.

When you opened and closed your mt4, you initialized the indicator. When the indicator is initialized it no longer retains a record of what happened in real time. If you, for example, reopened it at 9:37, by which time price had gone up, the fast trix on the 5 m chart would now be green for the 9:35 bar, and the mtf indie would have no way to know that at 9:35 it had been red but had turned green at 9:36. Since you in fact did the second screenshot 20 minutes later, the mtf trix would only know the final result for that 5 m bar, which was green, and would put that result in all five 1m bars (9:35 to 9:39).

Quoting 3trader
Disliked
Not exactly. My screenshot was taken over twenty minutes after that red box and it was still repainting.

Anyway - thanks for help. I'll be testing it.
Ignored
 
 
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