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THV system, final edition

  • #15,201
  • Nov 6, 2009 8:27am Nov 6, 2009 8:27am
Quoting Nobitacu
Entered Buy with pure M1 Trix cross based on M5 trix being oversold for a quick 10 pip scalp. =)

Whenever the M5 is overbought or oversold, I look at the M1 and enter as the Trix cross as my entrance, all other indicators on chart doesn't matter to me with this entrance besides the Trix cross. Pretty high hit rate with 10 pip targets most of the time when this happens. I had two 10 pip winners yesterday morning as well with this type of entrance. Target usually hit within few minutes.
Hi Nobitacu,

how can I have the forex factory calendar indicator reflects in MT4?

Thanks
  • #15,202
  • Nov 6, 2009 8:28am Nov 6, 2009 8:28am
Quoting Nobitacu
Woot! My EURUSD spread jumped to 39 pips during news release, haha. Overall very bad news for the dollar, yet EURUSD is falling, go figure. haha.
Sob Sob! Got my finger burnt while trying to long during that time. Will learnt my lesson in a hard way....
  • #15,203
  • Nov 6, 2009 8:33am Nov 6, 2009 8:33am
Quoting dwhiteviper
Hi Nobitacu,

how can I have the forex factory calendar indicator reflects in MT4?

Thanks
Here you go.
Attached File(s)
File Type: ex4 THV3 FFCal2.ex4   38 KB | 765 downloads
  • #15,204
  • Edited 9:00am Nov 6, 2009 8:38am | Edited 9:00am
Hi I have been away for a while due to various reasons.

I have just downloaded and installed the THV4, but when i open up the trader window i can find the indicators but not the template?

can anyone help please?

IGNORE that i have sorted it.

Is there a new manual for V4 though?
  • #15,205
  • Nov 6, 2009 9:04am Nov 6, 2009 9:04am
Quoting Nobitacu
Here you go.
Thanks. The box is empty. Is it because there is no news at the moment?
  • #15,206
  • Nov 6, 2009 9:09am Nov 6, 2009 9:09am
Quoting QSGra
Hi I have been away for a while due to various reasons.

I have just downloaded and installed the THV4, but when i open up the trader window i can find the indicators but not the template?

can anyone help please?

IGNORE that i have sorted it.

Is there a new manual for V4 though?
This is the manual i found so far. Keep me up to date if you have any newer version.
Attached File(s)
File Type: pdf Manual THV V3.pdf   874 KB | 1,211 downloads
  • #15,207
  • Nov 6, 2009 9:12am Nov 6, 2009 9:12am
Quoting dwhiteviper
Thanks. The box is empty. Is it because there is no news at the moment?
You need to enable DLL in your MT4 options.
  • #15,208
  • Nov 6, 2009 9:14am Nov 6, 2009 9:14am
Quoting dwhiteviper
This is the manual i found so far. Keep me up to date if you have any newer version.
There's no manual for V4 yet as of today.
  • #15,209
  • Edited 10:24am Nov 6, 2009 9:36am | Edited 10:24am
Here's another quick Sell for a 10 pip target scalp trade based on the M5 being overbought. I didn't enter the M1 Sell cross before this current cross because that was still during news release when FOMC started to speak, that and the fast trix on M5 was still green, so I waited for the next cross to enter as long as M5 is still overbought, which it still was when M1 crossed down again for entrance. Also helps that price just bounced off the R1 line at the time. That's 20 pips for this fine morning even with all these news, so I'm pretty happy with the results. I was hoping for just one good trade today before heading off to work.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 145 KB
  • #15,210
  • Nov 6, 2009 9:58am Nov 6, 2009 9:58am
Quoting Nobitacu
You need to enable DLL in your MT4 options.
How do i do that?
  • #15,211
  • Nov 6, 2009 10:01am Nov 6, 2009 10:01am
Quoting Nobitacu
Here's another quick Sell for a 10 pip target scalp trade based on the M5 being overbought. I didn't enter the M1 Sell cross before this current cross because that was still during news release when FOMC started to speak, so I waited for the next cross to enter as long as M5 is still overbought, which it still was when M1 crossed down again for entrance. Also helps that price just bounced off the R1 line at the time. That's 20 pips for this fine morning even with all these news, so I'm pretty happy with the results. I was hoping for just one good...
But Coral is still below PA in the M1 chart, do you still proceed to short?
  • #15,212
  • Nov 6, 2009 10:01am Nov 6, 2009 10:01am
Quoting dwhiteviper
How do i do that?
Tools > Options > Expert Advisor tab > check "Allow DLL imports"
  • #15,213
  • Edited 10:17am Nov 6, 2009 10:04am | Edited 10:17am
Quoting dwhiteviper
But Coral is still below PA in the M1 chart, do you still proceed to short?
This is not based on the normal THV trade confirmations. This is based on M5 Trix being overbought or oversold. The THV manual itself has also mentioned trading this method with good results, that's why I'm able to mention this trading method here, since the manual itself has mentioned it. However, it was up to the trader to figure out just when to enter when the M5 Trix is in overbought/sold zone. For me, it would be not close to any news and entrance at the crossing of the M1 trix, best when the M5 fast trix has also changed color, showing signs that PA is starting to move out of the overbought/sold zone. My TP for this type of trade will always be at 10 pips, nothing more. For SL I often would use 15 pips, or 3x ATR(20) SL, whichever is higher, unless the SL where I've had mine set at is close to a major support/resistance line, if so, then I'll use that line as my SL protection wall.
  • #15,214
  • Edited 10:25am Nov 6, 2009 10:11am | Edited 10:25am
Well, I'm off to work. Best of luck everyone for the rest of this short trading day, and have a great weekend!
  • #15,215
  • Nov 6, 2009 10:11am Nov 6, 2009 10:11am
Quoting Nobitacu
Tools > Options > Expert Advisor tab > check "Allow DLL imports"
Tried, but still seeing blank.
  • #15,216
  • Nov 6, 2009 10:14am Nov 6, 2009 10:14am
Quoting dwhiteviper
Tried, but still seeing blank.
Check the "Confirm DLL function calls" too then to see if that helps. If not, I'm not sure what's wrong with it on your end...
  • #15,217
  • Edited Nov 7, 2009 5:50am Nov 6, 2009 12:00pm | Edited Nov 7, 2009 5:50am
Hi Folks,
I've been a member of this thread since December last year. That is almost a year. I've not contributed much but taken away a lot about the THV system.

It is my turn to give something back.

I have attached my trading plan for the THV aspect of my trading. I have 3 plans with similar outline but this one is for the THV method or at least my interpretation of it.

I hope you find time to read it at least once and try out the way I trade THV. You can then adapt it to your own trading style and timeframes.

Successful trading takes screen time and experience. There are no short cuts but we can be helped in the right direction.

Good luck and many pips!
Attached File(s)
File Type: doc Steve's Trading Plan for THV.doc   402 KB | 1,295 downloads
  • #15,218
  • Nov 6, 2009 1:10pm Nov 6, 2009 1:10pm
One of the best posts made, Steve, thanks for this exellent contribution.

This is a must read not only for THV traders, I liked especially your thoughts on how to prepare yourself for a trading session, it reflects the way I do it.

Also the comments about ADR are very useful.

Your MM is a little conservative but good to start a trading life.

I hope that you don't mind that I add a vouch for you as you show in this document that you made your homework, if you follow what you have written, you will be a Pro trader in very short time, congrats Steve.

Keep us updated with your future results please.

Quoting castlebrook
I have attached my trading plan for the THV aspect of my trading.
  • #15,219
  • Nov 6, 2009 1:24pm Nov 6, 2009 1:24pm
Quoting cobraforex
One of the best posts made, Steve, thanks for this exellent contribution.

This is a must read not only for THV traders, I liked especially your thoughts on how to prepare yourself for a trading session, it reflects the way I do it.

Also the comments about ADR are very useful.

Your MM is a little conservative but good to start a trading life.

I hope that you don't mind that I add a vouch for you as you show in this document that you made your homework, if you follow what you have written, you will be a Pro trader in very short time, congrats...
Hi Cobra nice thread i am newbie and i find it hard to install indicaters i tried to install from the first page of this thread but it gives alot of indicaters not sure which one to instlal can u help with this please?i have lost plenty of money in forex cudnt find a gud platform to start hopfully this one is for me
  • #15,220
  • Nov 6, 2009 5:07pm Nov 6, 2009 5:07pm
You were sent on the the right track with the dll setting, but in the wrong place. Do:

_charts >>indicator list
_Select: THV3 FFCal2 >> Edit
_Tab: Common
_Check: "Allow DLL imports"

Also, there was a newer version of the FFcal posted a few pages back (THV4 FFCal) that changed the color scheme slightly.

~derek

Quoting dwhiteviper
Tried, but still seeing blank.
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