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THV system, final edition

  • #12,421
  • Edited 5:03am Aug 3, 2009 2:43am | Edited 5:03am
Hi Tim,

Back when I first started trading THV, I didn't want to trade a system that I didn't have the source for so I reverse engineered the indies for VT (which was at the time the platform I used for live trades.)
Cobra has very kindly agreed to let me post them.

A few caveats:
Since I reverse engineered them, the code is completely different from the code for MT, and the trix indie is not as nice (slope is not color coded, no alarms etc).
The coral is based on xpma (settings 21, ma type4) which is slightly different from the THV coral.

However, I did watch the two sets of indies ( on mt and on Vt) simultaneously long enough to satisfy myself that they produce the essentially the same trades for the basic Thv system. ( You might want to download an MT demo from somewhere and verify this for yourself)

I never did the MTF indies for VT - Mt is just so much nicer to look at that I eventually just got used to trading based on what I saw using MT, with the undocked VT quotes box hovering on top so I could trade from it. Actually now since VT is a lot harder to use lately after compliance with the NFA requirements I've just switched to an MT broker. So I won't be maintaining these indies.

That having been said, here they are

Quoting TimTamMad
This is a very good system . . . I am looking for the indicators used on the THV System, Final Edition for the VT Trader platform . . . Thanks in advance for anyone that can help
Attached File(s)
File Type: zip vt.zip   6 KB | 774 downloads
  • #12,422
  • Aug 3, 2009 3:34am Aug 3, 2009 3:34am
Thanks a million for your kind help Miss Pips. I've been running MT on demo as well and entering trades on VT but wanted to test using these indicators directly on VT. Thanks again for your help
  • #12,423
  • Aug 3, 2009 7:00am Aug 3, 2009 7:00am
Hi THV Team,
First, I must say that this system is really great I've ever used and thanks to THV team. However, I've a question.

How to change color of THV HA permanently? Since I've used updated Trix MTF V1 and changed tf to 5M or 15M and back to my 1M, the color's back to first set Green and firebrick (I prefer and set dodgerblue and red).
  • #12,424
  • Aug 3, 2009 7:27am Aug 3, 2009 7:27am
I saw regular divergence on E/J
So I am waiting for the short.
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  • #12,425
  • Aug 3, 2009 8:19am Aug 3, 2009 8:19am
Hi all,

I don't post a lot on here. Sorry for that, but it's too distracting for me, and I don't want to mislead anyone with "signals." I did pick up my 30+ pips for today in the past three hours. Things which I try to remember:

1. What is D1 trend?
2. What's going on at H1 and M15?
3. Follow the current session trend and let the 6 lights of THV M1 tell me when to get in a trade.
4. Beware of news trading - that's when you can give it all back.

There are lots more PIPs to be gotten than just what THV M1 will show you, but it all starts with those longer TFs. Last month was my best ever THV trading month - up 46%. Today, I missed all the Asian and early London moves so I spent the past three hours just scalping THV M1: 5 trades and 35 PIPs. Maximum drawdown was -8 pips. Now time to get away and not over-trade. There is always tomorrow.

Good trading to all.
Ed
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Up or down, gimme a ticket
  • #12,426
  • Aug 3, 2009 8:26am Aug 3, 2009 8:26am
I recognize that THV is best as a trend-trading system. You can in fact really get in trouble trading THV if you try counter-trading it for big numbers. Remembering that, you can make a lot of PIPs scalping the M5 and M1 with current trend.

In search of bigger trades and more PIPs, I have researched lots of other set-ups over the past year. While I've added some good simple, longer-TF chart analysis to my repertoire, I continue to come back to THV and simple concepts of support and resistance for my bread-and-butter trading. I get the points of S&R off my longer-term TFs, and I get permission to enter with THV M1, still.

Things I learned from Cobra and MissPIPs:

  1. Cobra taught me to sit in front of the monitor for longer periods of time - and "stalk" the price action.
  2. MissPIPs taught me to be happy with 5-7 PIPs, and the occasional 15.

Up or down, gimme a ticket
  • #12,427
  • Aug 3, 2009 8:34am Aug 3, 2009 8:34am
Good to hear from you SpecialEd!

Quoting SpecialEd
Hi all,

I don't post a lot on here. Sorry for that, but it's too distracting for me, and I don't want to mislead anyone with "signals." I did pick up my 30+ pips for today in the past three hours. Things which I try to remember:

1. What is D1 trend?
2. What's going on at H1 and M15?
3. Follow the current session trend and let the 6 lights of THV M1 tell me when to get in a trade.
4. Beware of news trading - that's when you can give it all back.

There are lots more PIPs to be gotten than just what THV M1 will show you, but it all starts with...
  • #12,428
  • Aug 3, 2009 8:36am Aug 3, 2009 8:36am
Try ToggleRegandHACandles

Quoting Napas
Hi THV Team,
First, I must say that this system is really great I've ever used and thanks to THV team. However, I've a question.

How to change color of THV HA permanently? Since I've used updated Trix MTF V1 and changed tf to 5M or 15M and back to my 1M, the color's back to first set Green and firebrick (I prefer and set dodgerblue and red).
  • #12,429
  • Aug 3, 2009 8:39am Aug 3, 2009 8:39am
Quoting MissPips
Good to hear from you SpecialEd!
Thanks MP. While I was fiddling with text messaging a friend, I missed seeing EUR/USD run up to 1.4347! I wasn't trading it anyway. Afraid to process buys that far up in the trading range on a Monday. Looks like the opening of NY stock market got it going for one more surge though.

Thanks for all you continue to do, MissPIPs.

Best to you,
Ed
Up or down, gimme a ticket
  • #12,430
  • Aug 3, 2009 8:59am Aug 3, 2009 8:59am
Here's a post that I just posted on EUR/USD. Things I observed. Hope it stimulates someone's thinking, and shows how you can supplement THV trading with good ole support and resistance.

http://www.forexfactory.com/showpost...stcount=127813

Good trading to all. I'm out for a while.
Ed
Up or down, gimme a ticket
  • #12,431
  • Aug 3, 2009 9:39am Aug 3, 2009 9:39am
Quoting MissPips
Try ToggleRegandHACandles
Thanks for your help, MIssPips
  • #12,432
  • Aug 3, 2009 10:36am Aug 3, 2009 10:36am
Quoting SpecialEd
Hi all,

I don't post a lot on here....
You guys are really a mystery for me. I mean I'm sitting hours over hours in front of the monitor and waiting for a valid and secure set up on the 1 min and 5 min tf. I use fibs, pivots, psych levels, S&R, trendlines, higher tfs, the rainbow...to get an overview and a feel for the market and I'm still struggling strongly to go +/-0 out of the day. Most of the time I'm waiting for a good opportunity and when I want to push the trigger the move is over or news are comming. I mean I tried it the easy way. 6 lights, Irishpips set up, Wlfx idea...fail, fail, fail. You are trading 3 hours taking 5 trades and in the end you earned 35 pips. Your maximum drawdown was -8 pips. I can't remember when a trade gone instantly in the direction I traded. Usually it moves 5-10 pips against me and I'm in a cold sweat. I had times I followed the 3-5 pips strategy and I thought " hey that's easy". Next day the big loser came -10, -10, -10. The funny thing is the set ups were the same like the day before but they didn't ended in a win. Sometimes I reached the point I thought I get it. But one or two weeks later the account was in the red and I understood the world no more. Fortunately I'm demotrading.
Probably I miss something what is required to be a good trader.
  • #12,433
  • Aug 3, 2009 10:45am Aug 3, 2009 10:45am
Quoting PipPrince
Cobra (or anyone who can help),

I am trying so hard to learn and trade this system. This really seems to be what I have been looking for. I can't get version 3 to work on my system. It keeps shutting down MT4. I can get version 220 working just fine and have been trying to learn that. But I want to upgrade.
I downloaded MT4 from my broker (IBFX). I am trading a live account. I believe that my platform is fully updated. If not, how do I know? How do I update it?
My last question is: What are all the necessary files for the THV V3 system. I believe...
When up grade to Build 225 it crashes my MT4 platform.
If I take the THV indicators out of system I don't get a crash.
Barry
  • #12,434
  • Aug 3, 2009 10:54am Aug 3, 2009 10:54am
Quoting gavril
I would like to know what you think of using it on other pairs too, as EURJPY, USDJPY, GBPJPY ???
-GBPUSD;AUDUSD;USDCAD;NZDUSD;USDJPY;GBPJPY. I tested this pairs from 2007 ,only on daily chart and take positive results , now I'm not at home and I can't post them.

And what do you think of using such systems in other TF too, as 5m, 30m, 1H, 4H ???...
Hello,
I wonder what you do, not to enter into false signals given by the Slope Indicator ...

Thanks

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I am Brazilian and I never give up!
  • #12,435
  • Aug 3, 2009 11:12am Aug 3, 2009 11:12am
Quoting MCFly
You guys are really a mystery for me. I mean I'm sitting hours over hours in front of the monitor and waiting for a valid and secure set up on the 1 min and 5 min tf. I use fibs, pivots, psych levels, S&R, trendlines, higher tfs, the rainbow...to get an overview and a feel for the market and I'm still struggling strongly to go +/-0 out of the day. Most of the time I'm waiting for a good opportunity and when I want to push the trigger the move is over or news are comming. I mean I tried it the easy way. 6 lights, Irishpips set up, Wlfx idea...fail,...
MCFly, I agreed with you because I had the same experience like you. I may profit on a few trade but later give them all back on 1 or 2 trade. May be all traders here can share their experience on how to be consistently profit in trading forex daily (overall trade).
  • #12,436
  • Aug 3, 2009 11:17am Aug 3, 2009 11:17am
[quote=MCFly;2925890]You guys are really a mystery for me. I mean I'm sitting hours over hours in front of the monitor and waiting for a valid and secure set up on the 1 min and 5 min tf. I use fibs, pivots, psych levels, S&R, trendlines, higher tfs, the rainbow...to get an overview and a feel for the market and I'm still struggling strongly to go +/-0 out of the day. Most of the time I'm waiting for a good opportunity and when I want to push the trigger the move is over or news are comming. I mean I tried it the easy way. 6 lights, Irishpips set up, Wlfx idea...fail, fail, fail...}

Same at me
  • #12,437
  • Aug 3, 2009 11:23am Aug 3, 2009 11:23am
Quoting MCFly
You guys are really a mystery for me. I mean I'm sitting hours over hours in front of the monitor and waiting for a valid and secure set up on the 1 min and 5 min tf. I use fibs, pivots, psych levels, S&R, trendlines, higher tfs, the rainbow...to get an overview and a feel for the market and I'm still struggling strongly to go +/-0 out of the day. Most of the time I'm waiting for a good opportunity and when I want to push the trigger the move is over or news are comming. I mean I tried it the easy way. 6 lights, Irishpips set up, Wlfx idea...fail,...

Firstly, i never trade anything less than 15min charts, 1min 5min is nothing but noise.
Secondly, you must trade the trend, before you trade anything check the higher time frames to see what`s going on, i use 4hr and daily if both are in an uptrend then i look for buys only ont the 15, if both are in a down trend then i only look to sell, this will ensure that you are at least trading with the trend. So when i trade off my 15min chart i already know which signals i`m looking for.
If you don`t take time to work out the overall trend then you run the risk of buying into rallies in a downtrend or selling pullbacks in an uptrend, both of which will lose you money.

Good luck.
Gez
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Seek not to change the world; seek only to change your mind about the world
  • #12,438
  • Aug 3, 2009 11:43am Aug 3, 2009 11:43am
Quoting MCFly
You guys are really a mystery for me. I mean I'm sitting hours over hours in front of the monitor and waiting for a valid and secure set up on the 1 min and 5 min tf. I use fibs, pivots, psych levels, S&R, trendlines, higher tfs, the rainbow...to get an overview and a feel for the market and I'm still struggling strongly to go +/-0 out of the day.
i'm with you, mate.
if you are not sucessfull in trading M1 or M5, then try the higher timeframes like H1 or even better H4. i started my trading carreer with M5, too. i thought that getting rich will be faster that way. that's what most traders think and that is why so many fail, imho. it took me about 4 years before i realized that the lower tf are just pain in the ass. sometimes i won, sometimes i lost. seldom at BE at the end of the day, most of the time a loss. and always stressfull as hell.
then i moved to H1 and my trades went better. nowadays i trade mostly H4 and only with the macd attached. no other indis.
just have a look at gpb/jpy today on H4. a good opportunity occurred when price broke 159.00. i went long, sold half at 160 and the rest at 161.50.
made about 330 pips.
i also scalped on M5 with small money: 3 losers, 2 at break even, no winners. enough said.
i hope that cobra doesn't take this as a offense, but maybe you want to read the james16 thread. really good and simple stuff for longer tf.
good luck!
meine augen sind die sterne
  • #12,439
  • Aug 3, 2009 12:02pm Aug 3, 2009 12:02pm
Hi Friends, I understand that for some of you it's difficult to understand that you are working with the same system than others and can't archive the same result.

That has reasons which are easy to explain and you will be able later to whipe your mistakes.

Let me have a nap, as my trading room is closed now, and I will give some easy to understand hints.

One in advance: All markets, FX included, are working essential with S&R.
  • #12,440
  • Aug 3, 2009 12:12pm Aug 3, 2009 12:12pm
Quoting gez40
Firstly, i never trade anything less than 15min charts, 1min 5min is nothing but noise.
Secondly, you must trade the trend, before you trade anything check the higher time frames to see what`s going on, i use 4hr and daily if both are in an uptrend then i look for buys only ont the 15, if both are in a down trend then i only look to sell, this will ensure that you are at least trading with the trend. So when i trade off my 15min chart i already know which signals i`m looking for.
If you don`t take time to work out the overall trend then you run...
I agree with this in part. I pay close attention to what is going on with the daily and the 4-hour. I look for set-ups in either the hourly or 15-minute charts (which are not THV, just mostly Andrews Pitchfork or basic Support and Resistance). When I see the set-up approaching, in the direction of the trend, I go down to THV M1 and look for MissPips' 6 lights. Then, you have to either have the patience to let a trade run a bit, or take that 5-7 pips and move on.

Sometimes, I'll have my TP set at next major resistance, but close my trade manually somewhere less than that if I fear it will not reach it. Often, the trade will run up or down to that resistance point, close my TP, and then quickly reverse. I don't care, I got my PIPs on that one.

Often when setting my TP, I use my H1 and M15 charts to determine where I think price is going. My TP will be around that, and I'll walk away from the trade to let it "percolate".

Good luck.
Up or down, gimme a ticket
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