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THV system, final edition

  • #13,481
  • Edited 9:11am Sep 25, 2009 8:32am | Edited 9:11am
Hi TraderatHome,

I posted so many rainbow posts I got bored of them. (Actually I posted a strategy for using the rainbow with THV to catch a THV trade right in a nice safe spot in a new trend.) I don't actually trade the rainbow, I use it as a trend filter. If you want to be more daring you can also use as a trend filter and take all the THV trades on the side of the rainbow (not just that first one after it turns) as long as PA isn't too over extended.
Here is an example from today - Server time is GMT+2. Note how the regular and 6 point THV trades on the side of the rainbow succeed with a 10 pip TP/15 pip SL and the THV trades against the rainbow fail with that TP and SL

Quoting traderathome
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.
Attached Image (click to enlarge)
Click to Enlarge Name: rainbofiltexample.png Size: 70 KB
  • #13,482
  • Sep 25, 2009 8:37am Sep 25, 2009 8:37am
Dang! Those are cool pics MissPips, Scrutch!
  • #13,483
  • Sep 25, 2009 8:47am Sep 25, 2009 8:47am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Quoting rebelheart
Good work rapture, hope we hear from some of the cobra team on this topic.

Rebel
Thanks Rebel, our lovely Miss Pips did not waste anytime! Test it yourself as well. Then we can always correct each other if we do make the odd mistake.
  • #13,484
  • Sep 25, 2009 8:49am Sep 25, 2009 8:49am
Quoting Rapture
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...
Great job testing! A couple of quick questions:

- Do you enter as soon as you see 6 lights or on the open of the next bar once you see the signal?
- Do you count the "ichimoku lights" as part of the 6, or just the trix?

Thanks for all the hard work, and thanks to the THV team for a great system
  • #13,485
  • Sep 25, 2009 8:53am Sep 25, 2009 8:53am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Quoting Doji_Hunter
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
Hi Doji,

If I understand you correctly... This is not an EA with set files (not yet anyway). Read the manual that you find on the first page and demo trade the basics then you will see how it works and what I meant. Then let us know what is your findings.

Regards
  • #13,486
  • Sep 25, 2009 9:03am Sep 25, 2009 9:03am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Quoting Tom81
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?
Hi Tom,

I have tried on the EA-thread but my knowledge on the EA's set files, and my time on hand are too limited. Surely, the whole idea behind starting the EA-thread originated from what I explained in the first post today.

Regards.
  • #13,487
  • Sep 25, 2009 9:39am Sep 25, 2009 9:39am
Quoting MissPips
You probably know, CMS is offering MT now.
Yeah. I know. But I like knowing I have many options, and making comparisms... I use Alpari MT4 for demo trade.
  • #13,488
  • Edited 9:47am Sep 25, 2009 9:45am | Edited 9:47am
Quoting fxlol
(sorry for my bad english)
In majority their own trade I closed because of fear with several pips,and this trade get to 15 and more pips.
Before that what enter I promise itself that not closed earlier time,but as soon as price reaches several pips in plus I seem that price go in back and I closed.
For instance today in one of trade my profit 4 pips,but I could earn where more...
What cope with emotion?What defeat awe?Can will in the course of time pass?
What I do to overcome fear so far is to plan my trade, stick to the plan, and follow THV rules. It makes the fear less and more bearable!
  • #13,489
  • Sep 25, 2009 10:03am Sep 25, 2009 10:03am
Quoting Rapture
Thanks Rebel, our lovely Miss Pips did not waste anytime! Test it yourself as well. Then we can always correct each other if we do make the odd mistake.
Congratulations, rapture. Really nice results.

Could you please inform the pair, TF and the 6 lights (I believe you are refering to Multi TF trix indicator)?

Thanks in advance.
  • #13,490
  • Sep 25, 2009 10:35am Sep 25, 2009 10:35am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Quoting NosferatuMan
Congratulations, rapture. Really nice results.

Could you please inform the pair, TF and the 6 lights (I believe you are refering to Multi TF trix indicator)?

Thanks in advance.
Hi Nos,

Thanks, all success attributed to Miss Pips and THV team. E/U on the 1 min. Yes MTFHisto as found on the First page. While there, have a look at the THV MTF Rules as coded by Miss Pips.

Regards.
  • #13,491
  • Sep 25, 2009 11:22am Sep 25, 2009 11:22am
Is there a way to get the spread and range indi to work on a 5 decimal chart? I can not get it to work on fxpro...

Quoting MissPips
Hi TraderatHome,

I posted so many rainbow posts I got bored of them. (Actually I posted a strategy for using the rainbow with THV to catch a THV trade right in a nice safe spot in a new trend.) I don't actually trade the rainbow, I use it as a trend filter. If you want to be more daring you can also use as a trend filter and take all the THV trades on the side of the rainbow (not just that first one after it turns) as long as PA isn't too over extended.
Here is an example from today - Server time is GMT+2. Note how the regular and 6 point THV...
  • #13,492
  • Sep 25, 2009 11:50am Sep 25, 2009 11:50am
hi
could eny one post ( mtf trix indicator eny) pls

thanks
  • #13,493
  • Sep 25, 2009 11:56am Sep 25, 2009 11:56am
sory i forgot the piture
Attached Image (click to enlarge)
Click to Enlarge Name: mtf.gif Size: 51 KB
  • #13,494
  • Sep 25, 2009 12:16pm Sep 25, 2009 12:16pm
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Got a few questions on my post earlier today.Typical straight forward trade. Avoiding all rules like the divergence etc. Took the trade just after six red lights and coral cross.
Attached Image (click to enlarge)
Click to Enlarge Name: thv trade.gif Size: 39 KB
  • #13,495
  • Sep 25, 2009 12:59pm Sep 25, 2009 12:59pm
Considerations:

1.) Touch and Bounce of 15 min T/L
2.) Nice number: 146.50
3.) 1 Min Bullish Divergence, T/L Break and Retest and Cross of 0 trix
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv 4 0026.jpg Size: 145 KB
Click to Enlarge Name: thv 4 0027.jpg Size: 107 KB
Deprive a man of everything and you give him nothing to lose.
  • #13,496
  • Edited 1:14am Sep 26, 2009 12:52am | Edited 1:14am
Here's the mini chart manual as promised.

EDIT: I started a thread for this here: http://www.forexfactory.com/showthre...69#post3094969

All questions regarding this indicator should be posted there please.
Attached File(s)
File Type: ex4 stratman_minichart_v10.ex4   43 KB | 876 downloads
File Type: pdf stratman_minichart_v10.pdf   438 KB | 2,058 downloads
  • #13,497
  • Sep 26, 2009 11:49am Sep 26, 2009 11:49am
Quoting stratman
Here's the mini chart manual as promised.

EDIT: I started a thread for this here: http://www.forexfactory.com/showthre...69#post3094969

All questions regarding this indicator should be posted there please.
You're cool man, Stratman! Big thanks for indicator and detailed manual. And of course respect for 'strato' playing!
  • #13,498
  • Sep 26, 2009 9:46pm Sep 26, 2009 9:46pm
Quoting stratman
You will find a copy a few posts back (in this THV thread).

I'm adding some more features and a manual before I release a 'real' version ie I'm still in beta (version 0.5 right now)
Thanks Stratman...is pretty cool. NZ rock!!

Rob
  • #13,499
  • Sep 27, 2009 12:46am Sep 27, 2009 12:46am
Good news folks

I just had a comunication with Traderathome and he wrote that he's ready to release the new pivot indicators.

I added some more functions in the Trix today and need a day of realtime data to have a last testdrive, Masoud and Cashmeer will test it as well.

Most secure is a release on monday or tuesday, depending if we find any bugs.

Have a nice and relaxing weekend.
  • #13,500
  • Sep 27, 2009 1:09am Sep 27, 2009 1:09am
Can't wait! Thanks for all the hard work cobra!
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