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THV system, final edition

  • #11,721
  • Jul 1, 2009 4:54am Jul 1, 2009 4:54am
Quoting Wlfx
Yes i trade 1min TF, but do not more use MTF Trix Histogram. I prefer to see higher TF Trix movement in its view(its more visaul IMO instead bar version). In some of MissPips posts i remember when i read there where sentence/phrase that "There is enough room for PA to breathe when M1 fast and M5 fast Trix are in agreement". This gives me a lot kinda feel of PA when i now look at charts. But that is not that i put my trades at what i feel or etc...When M5 fast Trix is starting change it's color for example if it was green and changed into red,...
You always trade in the direction of the H1/H4 trend?

Another question is are there situations you stay out although you get a valid signal?
  • #11,722
  • Jul 1, 2009 5:04am Jul 1, 2009 5:04am
Quoting MCFly
You always trade in the direction of the H1/H4 trend?

Another question is are there situations you stay out although you get a valid signal?
You always trade in the direction of the H1/H4 trend? - No
Another question is are there situations you stay out although you get a valid signal? -No, Instead that i am using ATR channel and COG. These are non-THV indicators. ATR channel - i like when my trade executed between violet doted lines or at least near them. I do not take trades when they are far from this lines. COG - possible pullback/bounce.
  • #11,723
  • Edited 5:14am Jul 1, 2009 5:08am | Edited 5:14am
Quoting Cencored
Just entered a pretty good looking signal but it stopped me out. Still trying to figure out, why if anybody has an idea.
Chart attached. PA did not quite bounce off the Pivot just yet ( it did where I drew the 2nd vertical line), so I guess I should have waited for PA to actually hit the pivot? There was pretty good Div, which is why I entered.
Any ideas would be much appreciated, maybe we can all learn something.
You took your long towards the Coral which was always going to be tough. I would have been looking to go short - away from the Coral. I assume you use the Coral as it is on your chart.

When PA bounced off the pivot it just broke above the Coral and then went back under the Coral - a warning sign that this trade was not going well - I would have jumped ship there.

Lastly the Coral was close, even going through the Cloud which is a sure sign of chop/chop - directionless market. The further away the Coral is from the Cloud/PA the stronger the trend.

Also divergence is not very reliable on M1

Hope this helps ...

p.s. This just from looking at your chart - probably more info on M5 and higher
  • #11,724
  • Jul 1, 2009 5:11am Jul 1, 2009 5:11am
Quoting Cencored
Just entered a pretty good looking signal but it stopped me out. Still trying to figure out, why if anybody has an idea.
Chart attached. PA did not quite bounce off the Pivot just yet ( it did where I drew the 2nd vertical line), so I guess I should have waited for PA to actually hit the pivot? There was pretty good Div, which is why I entered.
Any ideas would be much appreciated, maybe we can all learn something.
If you let me... In my little experience....

 

  1. Where you marked your entries there was no kind of bounce off of pivot, just a divergence trade against 5min TF.
  2. Price is under Coral
  3. Bounce - it playes where you marked second line - that is called Bounce, when PA touchs pivots/MA's etc. and it rejects.
  4. There is another picture on M5, and also M5 cloud indicates that price is still in sell zone.

  • #11,725
  • Jul 1, 2009 5:16am Jul 1, 2009 5:16am
Quoting Wlfx
You always trade in the direction of the H1/H4 trend? - No
Another question is are there situations you stay out although you get a valid signal? -No, Instead that i am using ATR channel and COG. These are non-THV indicators. ATR channel - i like when my trade executed between violet doted lines or at least near them. I do not take trades when they are far from this lines. COG - possible pullback/bounce.
Thx for the information.

You pay no attention of the cross of the trix? Also if the fast trix is above (for long) or below (for short) the slow trix on the 1 min and 5 min is irrelevant from your point of view?
  • #11,726
  • Edited 6:07am Jul 1, 2009 5:45am | Edited 6:07am
Quoting MCFly
Thx for the information.

You pay no attention of the cross of the trix? Also if the fast trix is above (for long) or below (for short) the slow trix on the 1 min and 5 min is irrelevant from your point of view?
IMO...Most of PA move in your favour when Trix cross happen and Fast Trix cross at 0 level. I am just trying enter a bit earlier.

Here is a screenshot where is MACD and TRIX.
Also there is a chance to close your trade if direction fails.
Attached Image (click to enlarge)
Click to Enlarge Name: t.gif Size: 13 KB
  • #11,727
  • Jul 1, 2009 5:54am Jul 1, 2009 5:54am
can someone help me with this:
i didn't got the high-, zero- and lowline in the thv trix.
if i change the color in the settings, the line appear. but after price movement, they disappear again. i already downlaoded the file a couple of times, but no luck.
meine augen sind die sterne
  • #11,728
  • Jul 1, 2009 6:07am Jul 1, 2009 6:07am
Quoting Wlfx
IMO...Most of PA move in your favour when Trix cross happen and Fast Trix cross at 0 level. I am just trying enter a bit earlier.
What I noticed is that when the 5 min didn't crossed in direction of the trade before I enter the trade on the 1 min tf the scalp often fails. Therefore I only take a trade on the 1 min tf when fast trix>slow trix for long and fast trix<slow trix for short on the 5 min tf. For me it seems you trade as soon as 1 min and 5 min fast trix are green/red and your other conditions are fulfilled.
  • #11,729
  • Jul 1, 2009 6:11am Jul 1, 2009 6:11am
Quoting aserbfx
can someone help me with this:
i didn't got the high-, zero- and lowline in the thv trix.
if i change the color in the settings, the line appear. but after price movement, they disappear again. i already downlaoded the file a couple of times, but no luck.
Search for posts by Miss Pips as she answered this recently - I think
  • #11,730
  • Jul 1, 2009 6:16am Jul 1, 2009 6:16am
Quoting MCFly
What I noticed is that when the 5 min didn't crossed in direction of the trade before I enter the trade on the 1 min tf the scalp often fails. Therefore I only take a trade on the 1 min tf when fast trix>slow trix for long and fast trix<slow trix for short on the 5 min tf. For me it seems you trade as soon as 1 min and 5 min fast trix are green/red and your other conditions are fulfilled.
Yes, you are right.
  • #11,731
  • Jul 1, 2009 6:27am Jul 1, 2009 6:27am
Quoting Wlfx
Yes, you are right.
Okay. Would be nice if you would post some screenshots of your future trades.
  • #11,732
  • Jul 1, 2009 6:38am Jul 1, 2009 6:38am
Quoting MCFly
What I noticed is that when the 5 min didn't crossed in direction of the trade before I enter the trade on the 1 min tf the scalp often fails. Therefore I only take a trade on the 1 min tf when fast trix>slow trix for long and fast trix<slow trix for short on the 5 min tf.
I agree with you McFly. It really helps when the Trix cross on the 5m (preferably close to 0 line).
I entered right after 5m trix cross at 0 and price on 1m bounced of Pivot and T/L.
It was worth 9 pips:
Attached Image (click to enlarge)
Click to Enlarge Name: 7-1-2009 7-20-11 AM.jpg Size: 134 KB
Trading Makes Money!
  • #11,733
  • Jul 1, 2009 6:43am Jul 1, 2009 6:43am
Quoting Cencored
I agree with you McFly. It really helps when the Trix cross on the 5m (preferably close to 0 line).
I entered right after 5m trix cross at 0 and price on 1m bounced of Pivot and T/L.
It was worth 9 pips:
The problem is I'm not that successful like Wlfx

  • #11,734
  • Edited 3:59pm Jul 1, 2009 8:17am | Edited 3:59pm
There are two kinds of divergence: Regular and hidden. Regular divergence is a trend reversal signal, hidden divergence is a trend continuation signal.
Lets take a long example (reverse everthing for short).

When you are at the bottom of a long downtrend and price is making lower lows while the indicator is making higher lows you have regular divergence indicating a possible trend reversal. For this kind of divergence to work, you want the downtrend to have had a nice run, PA to be quite extended (far from the Coral, near the end of the daily range, and preferably bouncing off something sturdy.)

When you are in the middle of an uptrend, after a pullback and you see that price has made a valley with a higher low, while the indicator has made a valley with a lower low, that is hidden bullish divergence that indicates a probable trend continuation. For this kind of divergence to work you want there to have been a nice strong uptrend with a good pull back that is bouncing off something sturdy, and in the case of a long, it's nice if PA is above the coral.

Since you were in an uptrend to that point (more or less - PA was pretty rangy) you should have been looking either for short regular divergence or hidden bullihsh divergence. What you took was regular divergence for long but you weren't at the bottom of a downtrend.

Regular divergence at the end of downtrend (go long)
Hidden bullish divergence in the middle of an uptrend (go long)


Quoting Cencored
Just entered a pretty good looking signal but it stopped me out. Still trying to figure out, why if anybody has an idea.
Chart attached. PA did not quite bounce off the Pivot just yet ( it did where I drew the 2nd vertical line), so I guess I should have waited for PA to actually hit the pivot? There was pretty good Div, which is why I entered.
Any ideas would be much appreciated, maybe we can all learn something.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bullish1.png Size: 50 KB
Click to Enlarge Name: hidden bullish1.png Size: 55 KB
  • #11,735
  • Jul 1, 2009 8:49am Jul 1, 2009 8:49am
I notice you have Trix v5.0 on your charts, but the latest downloads on the first post have THV3 Trix v4.01 in the package.

Is there an update available that I missed?

Thanks,
Ed in Columbus, OH
  • #11,736
  • Jul 1, 2009 9:13am Jul 1, 2009 9:13am
Quoting enewbold
I notice you have Trix v5.0 on your charts, but the latest downloads on the first post have THV3 Trix v4.01 in the package.

Is there an update available that I missed?

Thanks,
Ed in Columbus, OH
It is available on first page in "MTF" package
  • #11,737
  • Jul 1, 2009 9:22am Jul 1, 2009 9:22am
Hi there!

I am trying to start testing the MTF sistem but I have a problem, my trixhisto bar shows 1m and 5m both fast and slow (4 lights)... how do I get to see in metatrader the 8 ligths I see in Misspips screenshots?

I enclose a screenshot of what I see in my computer.

Thanks in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: Meta MA.JPG Size: 177 KB
  • #11,738
  • Jul 1, 2009 9:32am Jul 1, 2009 9:32am
Add another instance of the trix histo indicator. Set auto tf to false. Set the second instance to 15,0 30,1 30, 0 and 60, 1 (eperiod and ePeriodTypes). Alternately use one of the templates I posted a few pages back.

Quoting masusana
Hi there!

I am trying to start testing the MTF sistem but I have a problem, my trixhisto bar shows 1m and 5m both fast and slow (4 lights)... how do I get to see in metatrader the 8 ligths I see in Misspips screenshots?

I enclose a screenshot of what I see in my computer.

Thanks in advance!
  • #11,739
  • Jul 1, 2009 9:46am Jul 1, 2009 9:46am
Quoting Wlfx
It is available on first page in "MTF" package
Aha! There it is. Thanks!
  • #11,740
  • Jul 1, 2009 9:48am Jul 1, 2009 9:48am
Quoting MissPips
Add another instance of the trix histo indicator. Set auto tf to false. Set the second instance to 15,0 30,1 30, 0 and 60, 1 (eperiod and ePeriodTypes). Alternately use one of the templates I posted a few pages back.
Thanks a lot!!!!!
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