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THV system, final edition

  • #14,301
  • Oct 7, 2009 10:15am Oct 7, 2009 10:15am
please use attached macd indicator with 20,62,57

Thanks

Guys, on 5 min chart if 20ema crossover upwards 62 and 57 always stay positive and look for long entry never short ,very important and always follow MASTER COBRA system,if on 5 min chart 62 ema goes under 57 sma means upward trend is slowing, if the otherway around happens means downward trend is slowing
Attached File(s)
File Type: ex4 MACD with crossing.ex4   4 KB | 694 downloads
File Type: mq4 MACD with crossing.mq4   3 KB | 1,737 downloads
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  • #14,302
  • Oct 7, 2009 10:20am Oct 7, 2009 10:20am
Please include the journal log file where the trade was closed by CaveManager after it was opened.

Quoting pattinatore
thanks cave..for be more accurate i use 0.05 lots and the fist 4-5 trades are ok than it starts to close them automatically
  • #14,303
  • Oct 7, 2009 10:36am Oct 7, 2009 10:36am
Trendman, what do you use the 200 moving avg for? thanks
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  • #14,304
  • Oct 7, 2009 10:41am Oct 7, 2009 10:41am
Quoting antonioforex
Trendman, what do you use the 200 moving avg for? thanks
as you may know 200ma is the most important ma you need to follow,if PA happens under or below ,this gives you more confident to take your trade short or long,it might also play a very strong role for support/resistance
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  • #14,305
  • Oct 7, 2009 10:41am Oct 7, 2009 10:41am
Quoting caveman
Please include the journal log file where the trade was closed by CaveManager after it was opened.
Not having probs with CM, just started testing it only yesterday. It's very usefull, so thanks very much for your work.

I don't seem to have an option to log stuff, i had an error in MT4 some months ago, they asked me to send the journal log, but there was only 1 file with just a few entries, and it was all stuff from weeks before, just 1 date.
Do only errors end up in the logfiles? (even them i seem to lose)
  • #14,306
  • Oct 7, 2009 10:54am Oct 7, 2009 10:54am
I took that trade on eur/usd 10 or so minutes ago and thought it would be a nice move down since it was below the 200MA but the price was jumping up and down and now continues upwards. So I guess it was a bad signal. I could have gotten out with 2 pips. I should have done that.

Quoting trendman
as you may know 200ma is the most important ma you need to follow,if PA happens under or below ,this gives you more confident to take your trade short or long,it might also play a very strong role for support/resistance
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  • #14,307
  • Oct 7, 2009 10:59am Oct 7, 2009 10:59am
Quoting antonioforex
I took that trade on eur/usd 10 or so minutes ago and thought it would be a nice move down since it was below the 200MA but the price was jumping up and down and now continues upwards. So I guess it was a bad signal. I could have gotten out with 2 pips. I should have done that.
My friend

as I've said look 5 min chart, you'll see macd is positive and 1 min chart negative so the trend might change anytime , please follow 5 min chart
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  • #14,308
  • Oct 7, 2009 11:01am Oct 7, 2009 11:01am
Gotcha. Thank you.

So just to clarify, in order to take a 1M Long trade, the 5M MACD needs to be positive and in order to take a 1M Short trade, 5M MACD needs to be negative? Is that how you narrow down your trades? Thank you.


Quoting trendman
My friend

as I've said look 5 min chart, you'll see macd is positive and 1 min chart negative so the trend might change anytime , please follow 5 min chart
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  • #14,309
  • Oct 7, 2009 11:17am Oct 7, 2009 11:17am
Trendman

So Looking at my charts here.

My M1 has the RED open close EMA's with the Blue acting as my signal to enter, when it cuts both of them.

My M5 has my 4 EMS, Yellow 20, Aqua 57, Magenta 62 & White 200.

What on this system then is trix on these two charts telling us ?

And what is Macd om both telling us.

So the ema's on M5 are telling us Bearish entries only.

But what are the Macd telling us

Its good though I like it !
Attached Image (click to enlarge)
Click to Enlarge Name: ab trendman.gif Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ab trendman m5.gif Size: 40 KB
  • #14,310
  • Oct 7, 2009 11:18am Oct 7, 2009 11:18am
Quoting antonioforex
Gotcha. Thank you.

So just to clarify, in order to take a 1M Long trade, the 5M MACD needs to be positive and in order to take a 1M Short trade, 5M MACD needs to be negative? Is that how you narrow down your trades? Thank you.

exactly, if I see divergence between 1 min and 5 min chart I stay away and follow the PA
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  • #14,311
  • Oct 7, 2009 11:43am Oct 7, 2009 11:43am
Quoting trendman
exactly, if I see divergence between 1 min and 5 min chart I stay away and follow the PA
Ok so the trade we just missed short on the M1 was a no go because there was conflict on Macd between M1 & M5 ? When Macd agrees on both were good to go !
  • #14,312
  • Oct 7, 2009 11:54am Oct 7, 2009 11:54am
Where can i find THV CaveManager EA ?
thx
  • #14,313
  • Oct 7, 2009 12:02pm Oct 7, 2009 12:02pm
Quoting forxc
Where can i find THV CaveManager EA ?
thx
its amongst the zip files on the 1st thread
  • #14,314
  • Oct 7, 2009 12:11pm Oct 7, 2009 12:11pm
Trendman

This may be a silly question............. but what are the Red & Yellow lines on the Macd and what are there importance please

cheers


ab1
  • #14,315
  • Oct 7, 2009 12:16pm Oct 7, 2009 12:16pm
Quote
You can not test system for one or two days an give up from it. It takes time and patience.

Listen to this man. He speaks the truth. A day or two's loss on a system tells you nothing. Chopping and changing systems is a surefire way to blow an account. GBPUSD today alone worked great with Cobra's THV 5min system, 50 pips before lunchtime

Oh and FORXC's 4h variation predicted the 4H E/U chart like magic, 70 pips and counting. SL is a little too much for my nerves though i'm sticking to 5M.
  • #14,316
  • Oct 7, 2009 12:20pm Oct 7, 2009 12:20pm
Quoting ab1
Trendman

This may be a silly question............. but what are the Red & Yellow lines on the Macd and what are there importance please

cheers


ab1
they're quite useful but most of the time I follow the macd bars BUT yellow line if it's below 0 and bars are positive upward trend might be quite weak, you need to master the system ,always follow
look, if you had followed the system so far you could have made easy more than 20 pips, I don't know what the others have done so far,
Anyone ,please share your experience with this system

Many thanks
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  • #14,317
  • Oct 7, 2009 12:22pm Oct 7, 2009 12:22pm
Quoting mysterio
Listen to this man. He speaks the truth. A day or two's loss on a system tells you nothing. Chopping and changing systems is a surefire way to blow an account. GBPUSD today alone worked great with Cobra's THV 5min system, 50 pips before lunchtime

Oh and FORXC's 4h variation predicted the 4H E/U chart like magic, 70 pips and counting. SL is a little too much for my nerves though i'm sticking to 5M.
I am listening...

Its either I dont understand it, or the explaination on how to use it I dont get?

No offence to anyone
  • #14,318
  • Oct 7, 2009 12:29pm Oct 7, 2009 12:29pm
Quoting trendman
they're quite useful but most of the time I follow the macd bars BUT yellow line if it's below 0 and bars are positive upward trend might be quite weak, you need to master the system ,always follow
look, if you had followed the system so far you could have made easy more than 20 pips, I don't know what the others have done so far,
Anyone ,please share your experience with this system

Many thanks
Won 15 lost 10 pips

I just need you to confirm the rules, there are many indicators.

I lost 10 because I was doing something wrong. Probably conflicting Macd, but Ive got that now.

on the M5 right now prices is breaking through the 57 & 62 when do we consider going long? when it breaks the 200?
  • #14,319
  • Oct 7, 2009 12:33pm Oct 7, 2009 12:33pm
Quoting Mihailo
Hi ab1

You can not test system for one or two days an give up from it. It takes time and patience.

When you trade on h4 it takes for days, not for couple hours.

This is what I have done on two demo acc in last two days!

Dont give up man!
I eyeballed last 3 months and noticed that taking trades when fast trix changes color on h4 is highly profitable for GY pair (tp=50, sl=100).

So today, I tried to test it out on my demo account. I entered a long when fast trix turned green and 4h candle had closed. To my dismay, the pa went south and trix repainted itself to red for previous candle. I notice it repaint several times as PA moved up and down the 4h candle, and finally settled on red as pa went south. I closed my trade at a loss without waiting for sl to hit. Has anybody noticed fast trix repaint beyond the current candle on h4 chart?
  • #14,320
  • Oct 7, 2009 12:34pm Oct 7, 2009 12:34pm
Quoting ab1
Won 15 lost 10 pips

I just need you to confirm the rules, there are many indicators.

I lost 10 because I was doing something wrong. Probably conflicting Macd, but Ive got that now.

on the M5 right now prices is breaking through the 57 & 62 when do we consider going long? when it breaks the 200?
My friend

5 min chart is only there to guide you whether the trades you're taking are okay.
As I've said I'm a scalper I never ever stay in the trend ,always take my profits when I reach my targets,this is my income, don't have anything.
For long term tarding you're asking to wrong guy here
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