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THV system, final edition

  • #16,001
  • Dec 5, 2009 6:16am Dec 5, 2009 6:16am
Quoting Nobitacu
Forgot to ask earlier. I see you don't use the weekly/monthly pivot indicator, only the Daily. So you don't consider the weekly/monthly pivots at all in terms of where to take profits?


No, I use them, but on other charts with H1/H4 TFs.


And what about your use of the Laguerre RSI on m1? How do you apply it?
  • #16,002
  • Dec 5, 2009 7:59am Dec 5, 2009 7:59am
Hi,

maybe someone can explain,what is "stoploss acorddingly to the ATR"?
And for example,in my THV windows are 3xATR(20): 13
How can i understand this indie?

Best Regards to all!
All i need is just to be here and now.
  • #16,003
  • Dec 5, 2009 8:56am Dec 5, 2009 8:56am
Quoting nasdakas
Hi,

maybe someone can explain,what is "stoploss acorddingly to the ATR"?
And for example,in my THV windows are 3xATR(20): 13
How can i understand this indie?

Best Regards to all!
Hope this helps.


The use

As a rule ATR with 14 periods is used. It's calculated both on a one-day basis, and on day-time or week and even monthly basis. Extreme values of the indicator often define reversal points or the start of a new fluctuation.
Average True Range can't predict a duration or direction of changes, as well as other volatility indicators. It specifies only an activity level. The indicator's low level points out quiet trade in a little range, and high values point out intensive trade in a wide range. The long period of low ATR points out integration which, most probably, will result in fast continuation of changes or a turn.
High values of ATR usually are the result of quick fluctuations and seldom stay like this for the long period. As ATR indicates absolute volatility value currency pairs on Forex with the low prices will have with other things being equal lower ATR and on the opposite. The main notion of this indicator says "the smaller is the indicator's value the more poor a trend direction is; the higher the indicator's value is, the higher possibility of a turn of a trend is".
The weaknesses

During a long period of ATR can be late, specifying not ongoing but previous inconstancy.

Regards,
Cigarguy
Keep It Simple
  • #16,004
  • Dec 5, 2009 9:22am Dec 5, 2009 9:22am
Quoting cigarguy
Hope this helps.


The use

As a rule ATR with 14 periods is used. It's calculated both on a one-day basis, and on day-time or week and even monthly basis. Extreme values of the indicator often define reversal points or the start of a new fluctuation.
Average True Range can't predict a duration or direction of changes, as well as other volatility indicators. It specifies only an activity level. The indicator's low level points out quiet trade in a little range, and high values point out intensive trade in a wide range. The long...
Thanx a lot Cigarguy,i will study in more deep this moment.
All i need is just to be here and now.
  • #16,005
  • Dec 5, 2009 9:28am Dec 5, 2009 9:28am
I'm trying again to identify divergence.This is Lower Low/Higher Low bullish divergence right? And it is possible,that now we can expect that price will goes up by the signal of this divergence?
Attached Image (click to enlarge)
Click to Enlarge Name: divergence3.JPG Size: 111 KB
All i need is just to be here and now.
  • #16,006
  • Dec 5, 2009 9:34am Dec 5, 2009 9:34am
Quoting nasdakas
Thanx a lot Cigarguy,i will study in more deep this moment.
Here is a nice little indicator that may help with ATR stops.

Regards,
Cigarguy
Attached File(s)
File Type: mq4 VoltyChannel_Stop.mq4   10 KB | 888 downloads
Keep It Simple
  • #16,007
  • Dec 5, 2009 9:37am Dec 5, 2009 9:37am
Quoting nasdakas
I'm trying again to identify divergence.This is Lower Low/Higher Low bullish divergence right? And it is possible,that now we can expect that price will goes up by the signal of this divergence?


yeah,we can but on this TF like 5min. you can get A LOT of (false) divers.

BTW the price did retrace already,that can be the end of current signal (or not...)
  • #16,008
  • Dec 5, 2009 2:38pm Dec 5, 2009 2:38pm
Quoting cigarguy
Here is a nice little indicator that may help with ATR stops.

Regards,
Cigarguy
Oh,thanks again Cigarguy! But how to identify the meaning of red/blue lines?
Attached Image (click to enlarge)
Click to Enlarge Name: voltychannel_stop meaning.JPG Size: 105 KB
All i need is just to be here and now.
  • #16,009
  • Dec 5, 2009 2:42pm Dec 5, 2009 2:42pm
Quoting nasdakas
I'm trying again to identify divergence.This is Lower Low/Higher Low bullish divergence right? And it is possible,that now we can expect that price will goes up by the signal of this divergence?
turn on the divergence lines in the trix settings. It will help you better understand divergences
  • #16,010
  • Dec 5, 2009 2:42pm Dec 5, 2009 2:42pm
Quoting jaguarxj1
yeah,we can but on this TF like 5min. you can get A LOT of (false) divers.

BTW the price did retrace already,that can be the end of current signal (or not...)
But in which TF is much better to identify divergence?
All i need is just to be here and now.
  • #16,011
  • Dec 5, 2009 3:49pm Dec 5, 2009 3:49pm
Quoting nasdakas
But in which TF is much better to identify divergence?
its depends on what tf you are trading and what you expect from diver,
i mean you can look for price retrace to open (or signal to close) posinion after price is retraced,or you can idetify when trend is changing direction,and a lot of stuff you can do
  • #16,012
  • Dec 5, 2009 4:12pm Dec 5, 2009 4:12pm
Quoting nasdakas
Oh,thanks again Cigarguy! But how to identify the meaning of red/blue lines?

Stops based on the ATR. If you want additional info regarding the ATR just Google ATR. Lots of examples out there.

Regards,
Cigarguy
Keep It Simple
  • #16,013
  • Dec 5, 2009 5:23pm Dec 5, 2009 5:23pm
yes, it looks to me from the RSI 'TimeFrame' option like you could set it to see the RSI of a TF different than the current one. I think that might be interesting especially for how i'm using THV to trade longer term (1H). Perhaps when stratman solves the trouble he's having with FF he could get this option working. Cheers and good trading to all


Quoting cobraforex
If you have the ame RSI like I have set the value (timeframe) to zero (0) and it will show the RSI for the current TF.

Or do you want to have a 5M RSI on a 1H chart?

That I haven't tried but if so let me know and maybe Stratman can have a look on the code
  • #16,014
  • Dec 6, 2009 2:31am Dec 6, 2009 2:31am
Quoting Sailorx
No, I use them, but on other charts with H1/H4 TFs.


And what about your use of the Laguerre RSI on m1? How do you apply it?
Example for Sell (opposite for Buy), I simply just add the crossing down from the gray zone on top, which turns the green dot into red/orange dot, with all other THV rules together for entrance, entering on closing of the M1 candle. However, the trix cross and the Laguerre RSI crossing down below the gray zone must be within 3 candles from each other, if not, then to me its a false signal. Also, before I enter M1, I also look at M5 trix, if the M5 fast trix just changed to the opposite color of the direction you're trading, then I don't enter, or if the M5 trix just recently crossed to the opposite direction, I don't enter as well. I take TP 10 pips unless a pivot line comes before it, then I use that for TP. I also use 15 pip SL for my M1 entrances.

I'm going to start testing the M5 method you're using this coming trading week.
  • #16,015
  • Dec 6, 2009 9:10am Dec 6, 2009 9:10am
Quoting nasdakas
Oh,thanks again Cigarguy! But how to identify the meaning of red/blue lines?
Hi!

Where I have to put the stratman.fon file to display the minicharts correctly?

Thank you
  • #16,016
  • Edited 3:08pm Dec 6, 2009 11:45am | Edited 3:08pm
Hi Sailor
One more question.
You said you trade 6:45 to 17:00 GMT.
Just wondering what days, do you stay out of certain ones?

I have been using pieces of yours and others on this forum to get a system tuned to my way of thinking.

Great Forum everyone.
Thanks Cobra and others for all the great posts.

Thanks
Gene
  • #16,017
  • Dec 6, 2009 2:36pm Dec 6, 2009 2:36pm
Quoting vurbileron
Hi!

Where I have to put the stratman.fon file to display the minicharts correctly?

Thank you
Hi,hope this will help:

go to your computer START,then RUN,then type %windir%fonts to the field,OK and drag the file stratman.fon to the opened field of fonts.That's all.

Regards,
nasdakas
All i need is just to be here and now.
  • #16,018
  • Dec 6, 2009 2:51pm Dec 6, 2009 2:51pm
Quoting nasdakas
Hi,hope this will help:

go to your computer START,then RUN,then type %windir%fonts to the field,OK and drag the file stratman.fon to the opened field of fonts.That's all.

Regards,
nasdakas

Thank you a lot
  • #16,019
  • Dec 6, 2009 2:54pm Dec 6, 2009 2:54pm
Quoting seller9
Hi Sailor
One more question.
Yous said you trade 6:45 to 17:00 GMT.
Just wondering what days, do you stay out of certain ones?

I have been using pieces of yours and others on this forum to get a system tuned to my way of thinking.

Great Forum everyone.
Thanks Cobra and others for all the great posts.

Thanks
Gene


Yes I trade from 6:45 to 17:00 from every monday to friday. Best signals are from 6:45 to 11:00 and from 13:30 to 17:00. But i take a lot of care during those days with very important news like the past friday.


I also use the "classical" THV system on M1 with the other TFs confirmations...


But I like to trade GBPUSD in particular.
  • #16,020
  • Dec 6, 2009 3:02pm Dec 6, 2009 3:02pm
Hello Sailorx,

Just wanted to ask also how you decide your TP. I don't break up my lot size to take multiple TPs, I believe you mentioned you'll look for 1-3 TP targets. Since I only look for a single TP target, how do you go about that? I usually would just take TP at the next pivot level with M5 trades, but of course, sometimes while doing that, I'll miss out on a good run. Just wondering what you consider so to keep the trade in longer, since I see you don't exit your trades early if M5 fast trix changed to opposite color as an "emergency" exit. Do you look at the Daily Average ont he THV 4f Info to determine that then? Such as if the High to Low range is still well below the Daily Average number, then perhaps keep the trade in longer as there might still be room for the price to move?

Thanks. I've been trying to figure out how I can keep my trades in longer with THV to perhaps gain more pips for the M5 trades. Entrances I'm fine, but I know for exits, I still have much room to improve to achieve a overall better return.
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