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THV system, final edition

  • #13,461
  • Sep 25, 2009 2:35am Sep 25, 2009 2:35am
Quoting twamta
How do we use the Camarilla in THV3-SDX TzPivots_v4 ? Can anyone write some things about it?

Thanks!
The Camarilla formula is errant in that version of SDX. A huge upgrade is soon to be released into public domain (.mq4) that will be called TzPivotsD. Released at the same time will be the companion TzPivotsMW. As far as what significance are the Camarilla pivots, I suggest you Google that to see if they are important to your style of trading.
  • #13,462
  • Sep 25, 2009 3:02am Sep 25, 2009 3:02am
Quoting traderathome
The Camarilla formula is errant in that version of SDX. A huge upgrade is soon to be released into public domain (.mq4) that will be called TzPivotsD. Released at the same time will be the companion TzPivotsMW. As far as what significance are the Camarilla pivots, I suggest you Google that to see if they are important to your style of trading.
traderathome thanks for your post. I have read about Camarilla and that did confuse me because the bibliography talks about L1, L2, L3 and L4 levels and on Tz I see only CR1 and CR2 levels.
  • #13,463
  • Edited 3:20am Sep 25, 2009 3:04am | Edited 3:20am
Trying to get this indicator looking right Stratman.. how do I place it in its own window?

Thanks for all the hard work btw

Oh and any chance you can point me to the indicator you're using on the right which says "weak DOWN". This thread is a little... big.
  • #13,464
  • Sep 25, 2009 3:13am Sep 25, 2009 3:13am
Quoting Mindsphere
Trying to get this indicator looking right Stratman.. how do I place it in its own window?

Thanks for all the hard work btw

Here is a link....

http://www.forexfactory.com/showpost...stcount=145566

be good
  • #13,465
  • Sep 25, 2009 3:39am Sep 25, 2009 3:39am
Quoting pipgame
Here is a link....

http://www.forexfactory.com/showpost...stcount=145566

be good
Thanks for helping out ... I'm hoping to do a manual for it this weekend.
  • #13,466
  • Sep 25, 2009 3:55am Sep 25, 2009 3:55am
Quoting twamta
traderathome thanks for your post. I have read about Camarilla and that did confuse me because the bibliography talks about L1, L2, L3 and L4 levels and on Tz I see only CR1 and CR2 levels.
SDX and the new Tz indys label the first four of the Camarilla series (L1, L2, etc) as cR1, cS1, cR2 and cS2.....just the first 4 in the series. More could be added, but the thinking is that these are the most important and the remainder would be subordinate to all the other pivots already provided, and therefore would probably just clutter the screen without adding much value.
  • #13,467
  • Sep 25, 2009 4:28am Sep 25, 2009 4:28am
Quoting stratman
Thanks for helping out ... I'm hoping to do a manual for it this weekend.
No problem.......

Thank you for great indi.....

I have one suggestion: if it's possible to create candle clock? Maybe in new indi release........

I am not a programmer, so I respect very much your hard work and of course all THV team hard work.

I hope one day I will start learning how to program.......

thanks

pipgame
Attached Image (click to enlarge)
Click to Enlarge Name: candle.gif Size: 27 KB
  • #13,468
  • Sep 25, 2009 4:38am Sep 25, 2009 4:38am
Quoting pipgame
No problem.......

Thank you for great indi.....

I have one suggestion: if it's possible to create candle clock? Maybe in new indi release........

I am not a programmer, so I respect very much your hard work and of course all THV team hard work.

I hope one day I will start learning how to program.......

thanks

pipgame
What do you mean by create candle clock? There already exists indys for this. What specifically are you looking for?
  • #13,469
  • Sep 25, 2009 5:03am Sep 25, 2009 5:03am
Quoting traderathome
What do you mean by create candle clock? There already exists indys for this. What specifically are you looking for?
Hello traderathome,

I mean clock which show time to close bar - on Stratman_MiniChart_v10 indicator.

I really can't find settings for this. If it already exists can you show me please.

I wrote candle clock by my self on picture below to show what I mean, sorry if I were unclear.

Thanks for answer

pipgame
Attached Image (click to enlarge)
Click to Enlarge Name: candle clock.GIF Size: 30 KB
  • #13,470
  • Sep 25, 2009 5:13am Sep 25, 2009 5:13am
Not in release v1.0

I'll put it in my list for next release


Quoting pipgame
Hello traderathome,

I mean clock which show time to close bar - on Stratman_MiniChart_v10 indicator.

I really can't find settings for this. If it already exists can you show me please.

I wrote candle clock by my self on picture bellow to show what I mean, sorry if I were unclear.

Thanks for answer

pipgame
  • #13,471
  • Sep 25, 2009 5:14am Sep 25, 2009 5:14am
Hi THV team. I apologise for the number of posts my indicator is generating on this THV thread. I'll open another thread specifically for my inicator. I want to be careful not to 'polute' this fantastic THV thread with things that aren't THV.

cheers
Stratman
  • #13,472
  • Sep 25, 2009 5:18am Sep 25, 2009 5:18am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Hi Everyone especially Cobra, Miss Pips and all team members.

Pardon the length of this post.

Been following this thread since the beginning of the year and for the past month monitored every Londen session, actually most of the trades 8h00 -17h00 GMT.

My question always was: What will the result be if we only trade the 6 lights (top two green/red) and a coral cross? (basically just following the manual coded by Miss Pips on the first page) Ignoring all the Fibs, TL's, Pivots and Trend direction etc.

Started on the 27 August up to yesterday 24 September 2009. I am not claiming that every trade during this period was 100% according to the rules but basically within the given parameters. So it will be possible to proof me wrong, but my aim was to get an estimate.

The stats are over a 21 day period for 1 day not counted - Bank Holiday- one day early exit due to Non Farm Payrolls. Bended the rule a little bit on the coral cross- did not trade when PA already left the coral by more than ten pips. Brought in the divergences the past week. Always 10 pip TP 15 pip SL. Trade was never closed even if counter trade indication presented it self, e.g. in long trade and pa crossed coral in opposite direction and six red lights came on - rode it out and took the loss.

Results:
Trades=107, Winners=89, Losers=18
89X10= 890 18X15= 270 890-270= 620 pips profit = almost 30 pips pd.
70% success.

Most of the failed trades could have been avoided, if the basic principles of trading were applied e.g. Don't trade the news Trendline in the way, Only trade with the trend, Don't trade against the divergence etc. Like on the 23 September the PA crossed the coral 5 times with six lights on, indicating trade long, but the trend was strongly downwards. So that day alone resulted in 5 failures.

The question now is, if we bring in some trade rules (filters), with how much can the success ratio increase?

Please let me know what is your opinion on this.

Thanks again to Cobra Miss Pips and all team members.
  • #13,473
  • Sep 25, 2009 5:29am Sep 25, 2009 5:29am
Quoting stratman
Not in release v1.0

I'll put it in my list for next release
Thanks
  • #13,474
  • Sep 25, 2009 5:41am Sep 25, 2009 5:41am
Hi guys,

Can somebody advice me how to THV3 InfoPanel to appear on top of THV FerruFx Multi info? whats the setting?
  • #13,475
  • Sep 25, 2009 5:49am Sep 25, 2009 5:49am
Good work rapture, hope we hear from some of the cobra team on this topic.

Rebel
  • #13,476
  • Sep 25, 2009 5:55am Sep 25, 2009 5:55am
Hi Rapture,

thats an interesting test. Can you share the file for the settings you used in the backtest?
Then I would try a curve-fitting
  • #13,477
  • Sep 25, 2009 7:04am Sep 25, 2009 7:04am
Hi Rapture, great results. If this stategy is really working so well by it self, it could be implemented in the THV EA. Have you try it?
  • #13,478
  • Edited 10:51am Sep 25, 2009 7:49am | Edited 10:51am
I forward tested this strategy (demo only) before publishing it, with very similar results over about 3 months. (I did it privately first and then I posted screenshots of all trades for about a month on Cobras site for review of the method by the THV team.)

I concur that even these results can be improved taking only trades in the direction of the trend (I currently define trend as whichever side the rainbow has made higher highs or lower lows on) and by avoiding trades where PA is too overextended unless they are divergence trades ( I define that visually by looking at the expansion of the rainbow, but 10 pips from the Coral sounds good too, especially since you can measure it accurately).

Also results can be improved by not taking trades that are less than 10 pips from a pivot, especially if it's the first approach. (Even though if there is enough momentum PA will crack the pivot, it fails enough times to justify caution and wait till the pivot is cracked before taking the trade). It's better to let PA bounce back from the Pivot and try to catch a second attempt at cracking it where there is 10 pips of room for the trade to move or to let PA crack the Pivot and catch a bounce off of it in the direction of the trend.

For live trading, these additions make life less stressful.

Edit: Oh, and I forgot to mention, that for both real trading and during when I tested I used a second indicator, the Traders Dynamic Index, to confirm divergence. When taking divergence trades, results are improved if more than one indicator confirms it.

Quoting rebelheart
Good work rapture, hope we hear from some of the cobra team on this topic.

Rebel
  • #13,479
  • Sep 25, 2009 7:57am Sep 25, 2009 7:57am
Quoting MissPips
I forwarded tested this strategy (demo only) before publishing it, with very similar results over about 3 months. (I did it privately first and then I posted screenshots of all trades for about a month on Cobras site for review of the method by the THV team.)

I concur that even these results can be improved taking only trades in the direction of the trend (I currently define trend as whichever side the rainbow has made higher highs or lower lows on) and by avoiding trades where PA is too overextended unless they are divergence trades ( I define...
MissPips, what has his site come to? Yesterday Cobra said he was working in a different timeframe (I have a hard enough time working in the real one), and now you say you are trading rainbows!

Ok, I gotta say it. It is about time to initiate a rule here.....NO PIC, NO POST! Anyway, I'd love to see that rainbow.
  • #13,480
  • Sep 25, 2009 8:23am Sep 25, 2009 8:23am
Quoting traderathome
Anyway, I'd love to see that rainbow.
.
Attached Image (click to enlarge)
Click to Enlarge Name: Rainbow.jpg Size: 37 KB
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