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THV system, final edition

  • #15,661
  • Nov 22, 2009 7:46pm Nov 22, 2009 7:46pm
Quoting cobraforex
For longer term trades it would be reasonable to short the E/U if the daily R&S (agua line) gets broken, what do you folks think?

I still can't see fundamental reasons but technical reason we have more than enough.

Please note that this is a D1 chart not a 1M.

I wouldn't even think about entering a long term short position until the low of the last wave has been violated and then a retrace to 50 or 61 with some bearish candles after that.

Just an idea
--- Gone --- RIP 11/27/09
  • #15,662
  • Nov 23, 2009 12:29am Nov 23, 2009 12:29am

Quoting IrishPips
I wouldn't even think about entering a long term short position until the low of the last wave has been violated and then a retrace to 50 or 61 with some bearish candles after that.

Just an idea
  • #15,663
  • Nov 23, 2009 4:39am Nov 23, 2009 4:39am
How can I turn off the text and sound alert that says 'PA crossing coral from above!'?
  • #15,664
  • Nov 23, 2009 9:02am Nov 23, 2009 9:02am
Now I understand the limitation of the 8 buffers then as you mentioned, reading out the buffer0-7 would be the easiest way so I tried to read them and get the following numbers for 4 red conditions:

int v[8]; // matrix to read out the THV MTF mixedhistoV1 8 values;
for(i=0; i<8; i++)
v[i] = iCustom(Symbol(), Period(), "THV MTF mixedhistoV1",i,0);
Alert(" THV MTF mixedhisto : "+v[0]+", "+v[1]+", "+v[2]+", "+v[3]+", "+v[4]+", "+v[5]+", "+v[6]+", "+v[7]);


buffer(0~7):2147483647,3,2147483647,2,2147483647,2,2147483647,1

Would you give a clue how to interpret these numbers to match up the latest 4 red rectangles of upper mixedhistoV1?

also Would you give me the idea how read out the buffer values from multiple mixedhisto indicators? as you can see, I am using two MTF mixedhisto indicators with different timeframe and set ups. I found that if I use the iCustom function to read out the 8 buffer values then I have to identify two different mixedhisto indicator with different name but when I attach them I can not give them a different names.

Thanks,

H.K


Quoting MissPips
I don't think you can get it like that. It has to be in a buffer to get it with icustom, and I am fresh out of buffers in this indicator since each row requires two and MT4 only has 8 per indicator. You could, of course reimplement the same logic I used by polling each buffer of the indicator, and seeing whether it holds a value. Buffers 0-7 hold the values for the green and red for each of the four rows.
  • #15,665
  • Nov 23, 2009 10:18am Nov 23, 2009 10:18am
Hello THV team, Cobra and MissPips, want to say thank you for improving and sharing your trading indicators.

Nice MTF Mixedhistogram indicator. Want to ask you, if possible, for such a setting in taht indicator (i do not know if such a setting is possible to program easly. If it is hard then i do not need it).

That fast trix is green and is above zero (paint green light) and the fast trix is red and is below zero (paint red light). When neither red nor green condition is met the histo is empty (shows the background). Like THV classic (set 3), but without fast tix above/below slow trix.

There is suchlike setting 3(THV classic), but it misses some nice setups (attached picture), so i do not use it, for me is better only M5 trix is red/green and above/below zero line.

So if possible to do such setting with trix zero corss, it would be very helpful for me, because i would do in one MTFmixedhisto a signal(first MTFmixedhisto: M1ftrix, M5ftrix and above/below zero, M5cloud, M15cloud) and i will be need to look only for other two lights in 6 rows in other two MTFmixedhistos.

I open order if such 6 lights with M5 trix zero cross combination is formed, and PA is above/below M1,M5,M15,M30 corals or is room for 10pips and Rainbow shows one side trend.

Please answer if it is possible or not.
Sorry for my english.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: 6 lights and m5 trix above zero.gif Size: 63 KB
  • #15,666
  • Nov 23, 2009 11:10am Nov 23, 2009 11:10am
Hey, Cobraforex,
I have been meaning to ask you something. In V3 template there was an indicatoe called THVTrend. I am trying to rebuild the V4 strategy to my personal experience and ideas because I trade the larger timeframes, and I have always liked the indicator. So, I wanted to ask you, if the indicator repaints at all? Because I have always used it just for comfirmation, and spotting repainting on a larger timeframe comes harder.
  • #15,667
  • Edited 12:49pm Nov 23, 2009 12:12pm | Edited 12:49pm
Been in a range the past few hours with not much movement either direction. Very hard to try to find a good entrance. I just entered a EUR/USD Sell based on M5 confirmation on my chart @1.4976, SL 20, TP at R2, or exit when M5 fast trix change to opposite color, so we'll see what happens.

Edit: Got out of the trade with the M5 candle closed with green fast trix to be on the safe side. There's not much saying still as to which direction eurusd will run for this NY session... I got +2 pips out of that, even though twice it went past +10 pips, but rules must be followed to stay consistent, as this is a M5 trade, not a M1 trade, where I would have targeted just 10 pips. I'm done for today, I couldn't get much out of this slow directionless eurusd pair today so far all morning. Best wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 129 KB
  • #15,668
  • Edited 1:39pm Nov 23, 2009 12:46pm | Edited 1:39pm
Ok, it's option number 8 if I understood you correctly ( light on when fast trix changes to green and is above zero or to red and is below zero)

(Option 7, for any who like the TDI is TDI red above or below green and yellow and you need the attached TDI).

Quoting FxSoldier
Hello THV team, Cobra and MissPips, want to say thank you for improving and sharing your trading indicators.

Nice MTF Mixedhistogram indicator. Want to ask you, if possible, for such a setting in taht indicator (i do not know if such a setting is possible to program easly. If it is hard then i do not need it).

That fast trix is green and is above zero (paint green light) and the fast trix is red and is below zero (paint red light). When neither red nor green condition is met the histo is empty (shows the background). Like THV classic (set 3),...
Attached File(s)
File Type: mq4 TDINoInput.mq4   9 KB | 682 downloads
File Type: ex4 THV MTF mixedhistoV3.ex4   49 KB | 710 downloads
  • #15,669
  • Nov 23, 2009 1:05pm Nov 23, 2009 1:05pm
Does anybody know about any simulator in which I can load THV4 templates

Thanks
  • #15,670
  • Edited 2:42pm Nov 23, 2009 1:48pm | Edited 2:42pm
EDIT: sorry if I confused anyone...this is EURJPY ... I usually trade EJ during end of NY and then Asian session.

I've been away programming a website (EDIT: If you're interested in website building you can watch my progress: 'metatrader.pipware.com').

Did very few trades last week and ended up with a break-even situation. Had my first losing day in a while during this last session (lost 15 pips).

I have to agree with Cobra that it is very hard to trade (scalping) when you can't dedicate your full attention. I may have to stop trading until I finish my website so I'm not distracted

Anyway, the current situation is interesting. H4 pin bars forming on EU, EJ and GU. And they're all above serious S/R lines. Be interesting to see how this plays out if the candle closes as a pin-bar.

Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_pin.gif Size: 45 KB
  • #15,671
  • Edited 2:08pm Nov 23, 2009 1:58pm | Edited 2:08pm
EUR/USD channel set up. i am thinking in short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd 1m.gif Size: 37 KB
Click to Enlarge Name: eur-usd 5m.gif Size: 38 KB
  • #15,672
  • Edited 2:40pm Nov 23, 2009 2:06pm | Edited 2:40pm
EDIT: wow I'm too side-tracked, just realised that my analysis and pics are EURJPY. Sorry if I confused anyone

Quoting Forexaccount
EUR/USD channel set up. i am thinking in short
H4 did close as a pin bar, but all that S/R is making me

I very picky these days 'cluck cluck' (my attempt at chicken noises)

Posted my M15 as well so show why I'm (EDIT: Confluence of 3 serious support lines immediately below PA)

Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_pin.gif Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_pin_m15.gif Size: 39 KB
  • #15,673
  • Nov 23, 2009 3:11pm Nov 23, 2009 3:11pm
EURJPY ... All thv rules met on M15, M5 and M1.

Yes perfect setup ... but ... watch for the divergence!! Also we have to break the support on our analysis. We will watch this closely.

Attached Image (click to enlarge)
Click to Enlarge Name: ej15thv.gif Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ej15.gif Size: 40 KB
  • #15,674
  • Nov 23, 2009 3:18pm Nov 23, 2009 3:18pm
Here's a better shot of the divergence on M1. I show the trend lines better here.

Attached Image (click to enlarge)
Click to Enlarge Name: ej15thv div.gif Size: 39 KB
  • #15,675
  • Nov 23, 2009 6:57pm Nov 23, 2009 6:57pm
Just did a +20 pip on GU. Reasons to exit shown on pics.

While writing this, GU has broken support. Some of you may have considered I got out too early? IMHO 20 pips is better in my pocket than left on the table.

My thoughts are we wait for a retest of FPV and support (now resistance). PA has already moved over 50 pips downward and typically doesn't move much more than this (without news) without a retracement.

EDIT: Click on the pics to see them properly. My edited pics get screwed up somehow when viewing in thread.

Attached Image (click to enlarge)
Click to Enlarge Name: gu_thv.gif Size: 204 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gu_ana.gif Size: 62 KB
  • #15,676
  • Nov 23, 2009 7:28pm Nov 23, 2009 7:28pm
Hi, THV's users. I noticed there are 5 settings about the hour in indicators of THV system.

1.THV4 TzPivotsD(Black):there are two settings of hour in it("HrsServerTzFromGMT" and "HrsChoiceTzFromGMT").
2.THV4 TzPivotsMW(Black):there are two settings of hour in it("HrsServerTzFromGMT" and "HrsChoiceTzFromGMT").
3.THV4 TrixV1.0:there are one setting of hour in it("YourBroker_GMT_TimeZone").

For "HrsServerTzFromGMT" and "YourBroker_GMT_TimeZone", I think I know how to set them. For example, I use FXCM, and it's GMT+1, so I just input "1" into them. But for "HrsChoiceTzFromGMT", I'm confused by it, how to set it? Thanks in advance.
  • #15,677
  • Nov 23, 2009 9:47pm Nov 23, 2009 9:47pm
How come theres only "Open" lines for long, but not short? thv V4 ff template
  • #15,678
  • Nov 23, 2009 11:45pm Nov 23, 2009 11:45pm
Quoting mordak
How come theres only "Open" lines for long, but not short? thv V4 ff template

?

Open on the pivots means Day open [settings according to your broker] where the price was when 00GMT is. It is not a reference to placing a buy order or a short order
--- Gone --- RIP 11/27/09
  • #15,679
  • Nov 23, 2009 11:57pm Nov 23, 2009 11:57pm
Quoting IrishPips
?

Open on the pivots means Day open [settings according to your broker] where the price was when 00GMT is. It is not a reference to placing a buy order or a short order
Ahhh okay thank you.

I'm doing Eur/USD + Aud/USD both on 5M frame, and I'm finding that after I get an entry signal, the movement has already happened and when I open position the trade is immediately reversing, I wonder what I'm doing incorrectly...

For example, I only open a long trade when:
1) Price is above coral
2) Price is above cloud
3) Fast trix crosses above slow trix, and fast trix is above 0

Using the 3x ATR(20) stop loss which is usually 11-18 pips (1-2% of my account)
Trailing stop of 10 pips

But a lot of the time I see the price reverse when it goes above the cloud, as if the movements already ended
  • #15,680
  • Nov 24, 2009 12:13am Nov 24, 2009 12:13am
Look for the trix condition on higher time frames when a known 4H or daily S&R is hit.

Those are the best entries, if you trade just two of them in a session you're on the sunny side of this biz.

Here an 1H example, ignore the red dotted lines, they are coming from Bemac's ICCE.

Quoting mordak
Ahhh okay thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: thv4 release72.gif Size: 56 KB
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