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THV system, final edition

  • #15,741
  • Nov 27, 2009 6:24am Nov 27, 2009 6:24am
Quoting stratman
I'm now considering what the definition of a trader is. What goal can I set that once achieved I can remove the question mark from my picture?

Attachment

Some people are traders because of their job position. That doesn't mean they meet the 'right' criteria to be considered one ... they may be hopeless at what they do.

I wish I knew criteria eg pips, income, risk/reward ratio, win/loss ratio that would consider one as having "met the standard".

I've heard an average of 40 pips per day (or 800 per month) is the minimum standard....
Many professionals say 40 pips a day consistently is a high standard of trading. Many people get bigger pip totals but not consistently and then have blow outs.
  • #15,742
  • Nov 27, 2009 6:43am Nov 27, 2009 6:43am
very impressive STRATMAN congratulation.. cheers
jean
  • #15,743
  • Nov 27, 2009 6:47am Nov 27, 2009 6:47am
Not sure if I'm looking at it the right way but I try not to count in pips but rather in percentage. I aim to increase my account by a particular percentage a month and then work out the number of pips I need to make on a weekly basis based on a good MM plan. This is because not everyday you can trade and I don't like to be stuck behind a computer all day. Also I find that on some days I do better than on others.

Just my take on it.
  • #15,744
  • Nov 27, 2009 7:48am Nov 27, 2009 7:48am
Quoting castlebrook
Many professionals say 40 pips a day consistently is a high standard of trading. Many people get bigger pip totals but not consistently and then have blow outs.
Anyone who has been trading for a while will tell you that the market can be VERY humbling
  • #15,745
  • Nov 27, 2009 7:58am Nov 27, 2009 7:58am
Quoting PipHopeful
Anyone who has been trading for a while will tell you that the market can be VERY humbling
what should be a good lots number for trading a 10000 USD account ?
  • #15,746
  • Nov 27, 2009 9:39am Nov 27, 2009 9:39am
Quoting IrishPips
The cloud indicator is not the same as the Trix indicator,--they are 2 separate indicators meaning different information-- and thus can give 2 different colors at the same time.

The 2 different versions of the Cloud indicator have different [internal] settings- the Cloud is based on 3 different moving averages--- the newer version has settings more suitable for the lower timeframes
I think I've been confused of some "Trix histograms ( 6 lights method)" and "Ichimoku histograms"?
Apparently, I should learn THV more carefully , post by post...I'll try my best.

BTW,I've read your MTF THV TEMPLATE (#12001) just now,hoping to understand more correctly.

Thank you,IrishPips.

Let's get more pips and ENJOY them!

Pipenjoyer
  • #15,747
  • Nov 27, 2009 9:41am Nov 27, 2009 9:41am
I would call you a trader when:

1. You archive during 6 month an avarage positive porcentage of 10% of your equity.

2. You don't have a single monthly drawndown of more than 20% of your monthly equity during this time.

This would be honored with a V.


Quoting stratman
I'm now considering what the definition of a trader is. What goal can I set that once achieved I can remove the question mark from my picture?


Anyone brave enough to set me a goal? ... for the removal of my '?' after the word trader?
  • #15,748
  • Nov 27, 2009 9:44am Nov 27, 2009 9:44am
What's your TF and with that your max. SL?


Quoting zoofxtrade
what should be a good lots number for trading a 10000 USD account ?
  • #15,749
  • Nov 27, 2009 9:52am Nov 27, 2009 9:52am
Hi DX, good to see you here my friend.

I know a trader (pure scalper) that aims for only 10 pips in a complete London session, but when I see the lots asociated with his trades and in relation of his equity I sh$t in the pants.

Quoting DXTrade
Not sure whether that makes me a trader... but I'm extremely happy with 20 pips/day average, traded with as a low risk as possible.
Compounded that gives me enough to make a living.
Sounds few, but is still not easy do achieve, at least for me
  • #15,750
  • Nov 27, 2009 9:57am Nov 27, 2009 9:57am
Right, your daily goal can be whatever you think that is normal and possible for you to archive and it depends on your trading style, but you measure your performance in monthly and yearly procentage of your equity.

As higher your equity as more difficult to archive your daily goal.

To be a pro you need to lose the relation of your trades to money, you should see the pips and make the counts after fact. This is a fear factor that needs to be mastered.

Quoting gmcl02
Not sure if I'm looking at it the right way but I try not to count in pips but rather in percentage. I aim to increase my account by a particular percentage a month and then work out the number of pips I need to make on a weekly basis based on a good MM plan. This is because not everyday you can trade and I don't like to be stuck behind a computer all day. Also I find that on some days I do better than on others.

Just my take on it.
  • #15,751
  • Nov 27, 2009 10:45am Nov 27, 2009 10:45am
Quoting Pipenjoyer
I think I've been confused of some "Trix histograms ( 6 lights method)" and "Ichimoku histograms"?
Apparently, I should learn THV more carefully , post by post...I'll try my best.

BTW,I've read your MTF THV TEMPLATE (#12001) just now,hoping to understand more correctly.

Thank you,IrishPips.

Let's get more pips and ENJOY them!

Pipenjoyer

You're welcome. The Trix Histogram is based on the red and green trix [momentum oscillator] and is able to look at what the trix is doing on different timeframes in *real* time-- I marked real because when you refresh the screen after a bit the colors can and will change. This indicator is the one with the rows of 4 colored lights [red/green]

The cloud is a histogram that does not "repaint" -- it is what it is at that point in time. The 3 moving averages that comprise this indicator give an overall sense of the trend [or where it may be going]

THe only problem with this concept is that for different timeframes moving averages will be at different spots on the same chart. 2/3/5 is fair for the mid time frames but the lower timeframes -with all the volatility that can happen within each of the mid to higher time frame candles--will make it look like a jumbled crayon box. The new histogram settings with 1 looser MA smooths the action out a bit for the low timeframe scalpers-- you could say they were safer settings.

Good Luck in your trading endeavors--if you're just starting out I would pay most attention to the people who've been around awhile--- and perhaps the people with the vouchers by their screen name [not necessarily me though] and look for charts to kind of get the feel of where proper entries should be. Entries are the easiest--exits are very difficult-- so you must learn to be happy with a few at first--what comes can go very fast and one of the most difficult things to achieve is proper money management--not only not over leveraging, but retaining your pips.
--- Gone --- RIP 11/27/09
  • #15,752
  • Nov 27, 2009 11:46am Nov 27, 2009 11:46am
The Trix histogram lights reflect what the trix indicator is doing on the different timeframes selected. To test this look at the first row which should be the 1m fast trix. If it does not match what your 1m fast trix shows then the trix being called by the histogram may be a different version than the trix you have on your screen. I'm not sure which version of the trix histo you have but most of the ones I released call

THV3 Trix for MTFHisto.

The latest versions of this that I posted are trix V6.1 which should match the trix released with THV V4.


This histo is accurate in realtime but 'repaints' the results for the higher timeframes if added to a lower timeframe after the fact (as do most MTF indicators - see some of my previous posts on the subject) and so can not be used for visual backtesting.

Re the cloud histo it reflects what the Ichimuku Kinko Hyu is doing on the different timeframes. It does not repaint because the Ichimoku is just 3 moving averages and it is always possible to know where PA is in relation to them for any increment of any timeframe.

The only change I made between the versions of the cloud histo was an improvement to the text display.The defaults for all the versions I released were 2,3,5.

(Perhaps in some of the templates released these defaults have been changed).

You can change the default MAs used by changing MAPeriod1, MAPeriod2 and MAPeriod3 as shown.

Quoting Pipenjoyer
Hi THV friends,

As a newbie,I posted my 1st post few days ago with one question that has got good answers from Cobra and Maadz .MANY THANKS, friends!

A new question:I set up the templates from Castlebrook's post#15247 with THV Ichimoku cloud histo bar V3.1.1 as default. I found the bars showed different colors from its trix colors sometimes...I tried adding V3.1.3 version to compare them, I found the latter version more correct...Did I set the indicators incorrectly? or there's some other reason? Could someone give me a hint please.

Get more...
Attached Image
  • #15,753
  • Nov 27, 2009 4:32pm Nov 27, 2009 4:32pm
Hi Cobra, I click on the links for the manuals, but am unable to view. Is there another link for this?

Please let me know. Thank you kindly for your help, Sally
  • #15,754
  • Nov 27, 2009 5:03pm Nov 27, 2009 5:03pm
Thanks all who responded. I'm sure this will be helpful to more people than just me.

I've been trading for 5 years (off and on) and lost the whole time. The main reason ... greed. This year I have been doing a lot of 'screen time' and huge amounts of reading ie "I did my homework" (as Cobra says).

Cobra said to think in term of Pips ... so true. All my trades are done with proper money management (I'll discuss this some time) which makes this part very mechanical and I only think in terms of pips ie look at the real money movement later.

Because I turned around part way through November (full month average of 20 pips/day), I will start my six months from December (I hear Decembers are ). I will report my results in this thread (pips, equity %) and show Cobra my real account at the end of each month so he can confirm my honesty.

Quoting cobraforex
I would call you a trader when:

1. You archive during 6 month an avarage positive porcentage of 10% of your equity.

2. You don't have a single monthly drawndown of more than 20% of your monthly equity during this time.

This would be honored with a V.
  • #15,755
  • Nov 27, 2009 5:06pm Nov 27, 2009 5:06pm
Quoting cobraforex
Hi DX, good to see you here my friend.

I know a trader (pure scalper) that aims for only 10 pips in a complete London session, but when I see the lots asociated with his trades and in relation of his equity I sh$t in the pants.
I'm all the time in your thread... lurking quietly around... and learning
I know these stomach problems... have them as well sometimes
"The only successful substitute for brains is silence."
  • #15,756
  • Nov 27, 2009 6:26pm Nov 27, 2009 6:26pm
Quoting cimsally
Hi Cobra, I click on the links for the manuals, but am unable to view. Is there another link for this?

Please let me know. Thank you kindly for your help, Sally
Try the paperclip at the top right of the thread. (Then click hide images at the top left of that attachments page.)

...From first page I can't any longer download the zip file either, as it gets saved as an "attachment.php" file or something like that.
  • #15,757
  • Edited 7:33pm Nov 27, 2009 7:23pm | Edited 7:33pm
In your above post you stated that your latest version of the Trix Histo was per your quote;

"The latest versions of this that I posted are trix V6.1 which should match the trix released with THV V4. "

I have checked the paperclip for Version 6 and cannot find that version. I would be appreciative if you could direct me to the download.

Maybe I need new glasses !

Thank You and Regards,
Cigarguy
Keep It Simple
  • #15,758
  • Nov 27, 2009 7:52pm Nov 27, 2009 7:52pm
Quoting Babajoel
Can anybody in the forum hint me on the optimal RAM (or/and CPU) requirement for THV V4? I had been having good feeling of the earlier version (THV V3) until I came across the THV V4 which I had just installed.

But on bringing it up on my MT4 charts, the trading platform wobbles and crawls despite the fact that I have 3GB RAM system, and AMD Core-Duo system. I even went further to exit some other application processes that are docked on the system tray, yet with no noticeable improvement.

I would appreciate if someone will tell me what I...
Just catching up in various threads and while I don't use the THV system, there are probably other indicators consuming your CPU horsepower. You didn't mention the CPU speed you're using, but even something like a AMD X2 4200 should be very quick to respond for you.

First, verify that it is indeed MT4 that's using your CPU cycles by CTRL-ALT-DEL and in the tasklist & find terminal.exe - if it's over 30% or 50% you've got an indicator that's bogging things down. While there, validate there's nothing else consuming more than 2-3% of CPU time. I don't know if you have other indis running, but I've seen RSX indis that really tax the CPU. Best thing to do is to reinstall your broker's MT4 into another directory so you have a fresh install. You can have multiple copies of MT4 on your system, all running independently, even accessing the same trading account. With no indicators installed, bring up a few charts and verify things are nice and quick. Then install the latest THV indis by downloading from page 1 of this thread into your new directory where you installed MT4. I'm sure things will run much more snappy then. There are other MT4 options to look at like reducing the number of bars and history in your charts, but with am AMD x2 you shouldn't need to go there - use the process of elimination and you should quickly be able to hone in on the problem. PM me if you've got any questions.
  • #15,759
  • Nov 28, 2009 1:08am Nov 28, 2009 1:08am
Quoting cobraforex
What's your TF and with that your max. SL?
my TF = 5min and my SL is about 30 pips

Thank you
  • #15,760
  • Nov 28, 2009 1:20am Nov 28, 2009 1:20am
Quoting cimsally
Hi Cobra, I click on the links for the manuals, but am unable to view. Is there another link for this?

Please let me know. Thank you kindly for your help, Sally
you need the acrobat reader. just download it for free: http://www.adobe.com/
meine augen sind die sterne
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