THV system, final edition | Page 832 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #16,621
  • Jan 6, 2010 11:29am Jan 6, 2010 11:29am
The only thing I saw was wrong was that the candle had not closed above coral.
Look at something long enough, you will eventually get it.
  • #16,622
  • Jan 6, 2010 12:09pm Jan 6, 2010 12:09pm
Quoting Napas
No problem.
Here they are. All indicators can be found in the first page plus Nobitacu's laquerre.



Thanks Nobitacu for your suggestion. It's really valuable to me
hi!

Thank you Napas for your answer!

And Nobitacu by the way did you trade this mornig cos its been a day whith many news!
Have a good one all!
passion and discipline
  • #16,623
  • Jan 6, 2010 1:52pm Jan 6, 2010 1:52pm
V.4, really nice work.

I only wish we could remove the background behind the top right label. It really eats up valuable chart space on the right side unnecessarily.

I know it is possible to move things around a bit but it would be nice to have that space back.

But all in all THV V4 is a beautiful piece of work.
  • #16,624
  • Jan 6, 2010 4:26pm Jan 6, 2010 4:26pm
Quoting traco1
The only thing I saw was wrong was that the candle had not closed above coral.
Right, so if I'm following the THV rules, then no, I won't have taken that trade just because of that fact that the price is still below the coral. Best to not enter if not all rules are met to ensure only entering on quality trades.
  • #16,625
  • Edited 7:11pm Jan 6, 2010 4:28pm | Edited 7:11pm
Quoting rohule
hi!

Thank you Napas for your answer!

And Nobitacu by the way did you trade this mornig cos its been a day whith many news!
Have a good one all!
Nope, I'm still on vacation until 11th in Japan.
  • #16,626
  • Jan 6, 2010 4:47pm Jan 6, 2010 4:47pm
Quoting traco1
The 5 min trix was green, you still would not have taken that trade ? wouldnt the fact that the 5 min trix being in oversold territory would almost insure positive pips in long positions providing that the candle on the 1 min cleared the coral ?
Not always, but the trade he placed if based on THV rules would have been a no trade simply because of the coral factor not being met. However, if you trade the oversold on M5 trix with the trix cross on the M1 and ensuring that there's a Bullish Divergence, then yes, that trade might have a good chance of getting that Long 10 pips, but of course, nothing is for sure in this market. I answered his post purely based on the rules that I have written when trading the THV, and it is really important to not break the rules unless you really have another stronger indication to overlook some of the rules, such as the Divergence being one of them.
  • #16,627
  • Jan 6, 2010 6:21pm Jan 6, 2010 6:21pm
Hummmmm
Look at something long enough, you will eventually get it.
  • #16,628
  • Jan 6, 2010 8:45pm Jan 6, 2010 8:45pm
I find I have better luck trading off the 5 minute charts and looking at the 1 minute for entry. This may seem backwards but I think the beauty of this system is that it can be added to a traders toolbox and used whenever there is sufficient volume in the market. It does require attention though and when I cant devote 100% I just do breakout systems intead.

cheers

N
  • #16,629
  • Jan 6, 2010 10:35pm Jan 6, 2010 10:35pm
I am starting to wonder if there is anyway to determine the volume of the market. Since I keep getting whip sawed when trying to get a TP at a S/R level (about 40 pips). Looking at the chart from the 1 hour and basing the entry on the 15 min. should be reasonable in my opinion. The 10 to 20 target I see does not work out for me since I hate the SL being to tight.
  • #16,630
  • Edited 11:56pm Jan 6, 2010 11:33pm | Edited 11:56pm
Quoting qwerty22
I am starting to wonder if there is anyway to determine the volume of the market. Since I keep getting whip sawed when trying to get a TP at a S/R level (about 40 pips). Looking at the chart from the 1 hour and basing the entry on the 15 min. should be reasonable in my opinion. The 10 to 20 target I see does not work out for me since I hate the SL being to tight.
Yes, Volumes Enhanced_v2 or NVO indicators. Both have been posted in this thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 197 .gif Size: 25 KB
Click to Enlarge Name: # 200 .gif Size: 27 KB
  • #16,631
  • Jan 7, 2010 2:04am Jan 7, 2010 2:04am
Hello Traders,
I have read the full thread and thereafter, downloaded the requisite files from Page 1 of the thread and setup the THV system, however I have following queries on the setup:-
1.I am using Meta Trader Alpari (UK) demo account for Charting and IG markets for trading live accounts. I am based in Singapore where the time is GMT +8 hrs fixed for the full year. Therefore, for “HrsServerTzFmGMT” time diff I should enter “1” as UK is currently 1 hr ahead of GMT. What time diff does “HrsChoiceTzFmGMT” refers to? Is it the 8hrs time diff between Singapore and GMT or 7 hrs diff between Singapore and the Meta Trader Alpari server time, or is the diff in GMT time between the server and the FX market time in which I am trading?
2.I am using the 1 thv4 mtf template for trading. Do I need to update any indicator or are the attached indicators to the template uptodate.
3. Attached below is the screen shot of my trade which went wrong. Is it possible that after I enter the trade the lights for the trix can change colour as it happened with me (at least that is what I think happened). Can some experienced THV MTF trader or Miss Pips guide me as to what went wrong.
4.What indicators are there in Indicator window 3 as it looks same as indicator in window 2 i.e. THV 4 Trix MTF.
5.Unless I am mistaken there is some indicator which will / can alert us when the M5 fast trix lights are same colour.
6.Lastly, how can I setup the cavemanger EA to manage my trade as the IG markets platwform for trading is web based and THV ver 4 system is using the Meta Trader Alpari demo account for charting.
7.Can some experienced THV MTF trader or Miss Pips guide me on the above queries and as to what went wrong with my trade.

Cheers
Novice198
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_JPY.PNG Size: 54 KB
  • #16,632
  • Jan 7, 2010 4:27am Jan 7, 2010 4:27am
There seems to be a problem with the V4 mtf template. The settings for the first histo should be
1m f
5m f
5m s
15m f

and for the second they should be
15m s
30m f
30m s
60m f

Instead they are both duplicated.

If you want finer control over when an alarm is sounded you can used the SwissArmyHisto. (It has the same options as the Trix histo plus additional options plus you can control the alarm.)

You can get the latest version here:
http://www.forexfactory.com/showpost...ostcount=16263

And the files and explanation that go with it are here

http://www.forexfactory.com/showpost...ostcount=15620

So for example if you want an alert when the 1m fast and the 5m fast are the same color :
1. set Eperiod 1 to 1 and EPeriod1type to 1
2. set Eperiod 2 to 5 and EPeriod2type to 1.
3. set CountE1 to true and CountE2 to true.
4. set CountE3 and CountE4 to false.
5. set MaxScore to 2.
6. set EnableAlerts to true.

Then you will get an alarm whenever the M1 fast and M5 fast are both true. And so on.


BTW for followers of Nobitacu's version, if you want an alert when you have a trix cross and the M5 f is the same color do the same except set EPeriod1type to 4.

As for what went wrong with your trade, if you are using the 6 points method, you need 6 lights from the set described above plus the cloud histo (5m, 15m) to trade. You need price to be above the cloud and coral for a long and below it for a short, unless you are trading a divergence. For divergence trades you only need 2 lights, one of which must be the 1mf and you only need price to be above/below the cloud for a long/short. Divergence trades are risker, so newer THV traders should probably stick to trend trades. Also do not trade a trend trade if there was divergence on the previous peak/valley.

Quoting novice198
Hello Traders,
I have read the full thread and thereafter, downloaded the requisite files from Page 1 of the thread and setup the THV system, however I have following queries on the setup:-
1....
  • #16,633
  • Jan 7, 2010 4:28am Jan 7, 2010 4:28am
Quoting novice198
Hello Traders,
7. Can some experienced THV MTF trader or Miss Pips guide me on the above queries and as to what went wrong with my trade.

Cheers
Novice198
Some people will argue you got in too late (my charts signalled 5 candles earlier) and some people will argue you got in too early (5 candles later would have been new cycle). However, assuming you entered correctly it's clear your stop was too tight. You need your stop at least above the last 1 min swing high which was at 132.70, so stop at 132.72. (This would also have been above the Coral acting as resistance.) Your trade would then have worked well. Stops need to be placed carefully but in a clear downtrend like this, above the previous Swing High is fine.

If you look at the ATR Pips in the top left hand corner of your chart it gives a guide for a stop loss. Use that guide with support and resistance in mind.

Just my opinion.
  • #16,634
  • Jan 7, 2010 4:39am Jan 7, 2010 4:39am
Hi MissPips,
looking at your last post regarding your Swissarmyhisto if I just want (on the 5 min chart) the 5 min histo to give an alert when its colour changes is that possible now?

Thanks.
  • #16,635
  • Jan 7, 2010 4:48am Jan 7, 2010 4:48am
Agreed... I wish we could move that new right hand label
to the other side so it doesnt interfere with that
important area of the chart.

But overall very nice work!

Brian

Quoting tommyd
V.4, really nice work.

I only wish we could remove the background behind the top right label. It really eats up valuable chart space on the right side unnecessarily.

I know it is possible to move things around a bit but it would be nice to have that space back.

But all in all THV V4 is a beautiful piece of work.
  • #16,636
  • Jan 7, 2010 5:02am Jan 7, 2010 5:02am
Hi Miss Pips

Thanks for your clarification. However, I could not find:-
3. set CountE1 to true and CountE2 to true.
4. set CountE3 and CountE4 to false.
5. set MaxScore to 2.

What does the "SoundAlertOnOptimum" do? Do we change it to true?

Where can i edit it? Thanks.

Quoting MissPips

So for example if you want an alert when the 1m fast and the 5m fast are the same color :
1. set Eperiod 1 to 1 and EPeriod1type to 1
2. set Eperiod 2 to 5 and EPeriod2type to 1.
3. set CountE1 to true and CountE2 to true.
4. set CountE3 and CountE4 to false.
5. set MaxScore to 2.
6. set EnableAlerts to true.

Then you will get an alarm whenever the M1 fast and M5 fast are both true. And so on.


BTW for followers of Nobitacu's version, if you want an alert...
  • #16,637
  • Jan 7, 2010 7:25am Jan 7, 2010 7:25am
I want to trade with THV MTF, can you please post the latest template, indicators and the rules in one post?
thanks in advance.
It must come from a need!
  • #16,638
  • Edited 8:16am Jan 7, 2010 7:47am | Edited 8:16am
Quoting traderathome
Yes, Volumes Enhanced_v2 or NVO indicators. Both have been posted in this thread.
Traderathome, noticed your alert level on the Volumes Enhanced was set to 17 not the default 50 and your alert line appears different. Would appreciate your settings. I scalp using the 1m t/f only.

Thank You and Regards,
Cigarguy
Keep It Simple
  • #16,639
  • Jan 7, 2010 7:51am Jan 7, 2010 7:51am
Quoting maadz
I want to trade with THV MTF, can you please post the latest template, indicators and the rules in one post?
thanks in advance.
Start at page one it is all there.
  • #16,640
  • Jan 7, 2010 8:09am Jan 7, 2010 8:09am
Quoting Fourxxxx
Start at page one it is all there.
Thanks, but I mean the development made by MISSPIPS.
It must come from a need!
12 traders viewing now