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THV system, final edition

  • #16,641
  • Jan 7, 2010 8:37am Jan 7, 2010 8:37am
Quoting Nobitacu
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.

I think I understand now, although the Lag turned colors and Trix crossed, the candle still has to close above or below the coral and it has to do it within 2 candles
3 for 1 min

Is that right ?
Look at something long enough, you will eventually get it.
  • #16,642
  • Jan 7, 2010 9:44am Jan 7, 2010 9:44am
Христос се роди!

С Рождеством Христовым!

Καλα Χριστουγεννα!

Фирнал Коледа!

Merry Christmas to all Ortodox traders!
  • #16,643
  • Jan 7, 2010 9:45am Jan 7, 2010 9:45am
Hi MissPips,
Thanks for the quick response. I understand that the settings for 2nd Histogram are wrong and should be corrected. How does one correct it. Can the senior members correct this error in the Template (as this is what I downloaded from page 1 of the thread) inorder anyone downloading the material from page 1 does not face the sameproblem.
I downloaded the SwissArmyHisto indicator and have understood the setting for the alarm. Can It send an email also? I also downloaded the flwg indicators as advised by your post 15620:-
HeikenAshi_DM.ex4 (3.7 KB, 162 views) Ichimoku.mq4 (4.9 KB, 164 views) THV3 Trix for MTFHisto.ex4 (31.9 KB, 206 views) THV MTF mixedhistoV1.ex4 (42.6 KB, 170 views)
Now I am confused here as I am not sure whether these have to be added to the 1 thv4 mtf template.
I reproduce the screen shot after I added some of the above indicators. THV4 Trix V1.0 and THV3 Trix for MTFHisto appear to be same. Likewise SwissArmyHisto and THV MTF mixedhistoV1 also appear to be same. As the 1thv4 mtf template already has the HeikenAshi candles is there any need for the HeikenAshi_DM indicator, likewise for the Ichimoku cloud. I get the feeling that surely I am doing something wrong therefore require more guidance.
I think once I get the template setup properly I will be able to stick to the rules of trading with the trend. When you say “Also do not trade a trend trade if there was divergence on the previous peak/valley” I should be looking at previous peak and valley of the M1 chart or the higher time frame.
Will it be possible for you to help me with the settings of the pivot table and cavemanager EA as requested in my post 16631
Thanks for your patience in advance
Cheers Novice
Attached Image (click to enlarge)
Click to Enlarge Name: SwissArmyHisto.PNG Size: 73 KB
  • #16,644
  • Jan 7, 2010 9:48am Jan 7, 2010 9:48am
Hi all

Am currently trading with this system (which is great by the way if you follow the rules!!... think am beginning to now! took a couple of bad trades for me to understand them! )

I just wanted to ask how others have faired with this system during the Asian session, I am still reading through this post... just so far its been mainly the London and NY being commented on.

I am a newbie trader so please go gently on me!
  • #16,645
  • Jan 7, 2010 9:54am Jan 7, 2010 9:54am
Quoting traco1
I think I understand now, although the Lag turned colors and Trix crossed, the candle still has to close above or below the coral and it has to do it within 2 candles
3 for 1 min

Is that right ?
Right, you're getting the idea. However, let's say for Long, if the price is ALREADY above the coral and cloud, if that's the case, then those two are already confirmed, then we don't need the coral and cloud to confirm within said candle distance from the Trix and Laguerre confirmation, because then we're only after the Trix and Laguerre confirmation as our entrance trigger, so only the Trix and Laguerre needs to confirm within said candle distance from each other.

Another words, let's turn this around to make sure you understand,

If let's say the Trix and Laguerre both got confirmed at the same time for Long, but price is still below cloud and coral, in this case, then yes, the price will need to close above the cloud and coral within said candle distance from the Trix and Laguerre for entrance.
  • #16,646
  • Jan 7, 2010 10:03am Jan 7, 2010 10:03am
Hi Castlebrook,
Thanks for the quick response. I agree with you that 5 candles before the entry would have been better. While the PA was below the Coral and the Cloud, the MTF Histo did not give me any signal. I entered when I got the signal and during the same candle the histo changed colour and now it looks that I should not have taken the trade. I also agree that there was an entry 5 candles later but I realized that something was wrong with my histo (now cnfmd by MissPips) and as such I did not take the trade based on PA being below Coral and Cloud alone.
Appreciate your guidance on how to place the stop loss instead of using an arbitrary figure. I had placed my stoploss at 132.78 (arbitrarily 20 pips higher) but I exited the trade when I saw both the M1 and M5 fast trix histo change to green.
From your query to MissPips it seems you are watching M5 charts and when the conditions are met you are going back to M1 chart for a good entry. Is my understanding correct ? If it is then do you watch the trade on the M1 chart or M5 chart for the exit till you hit the target pips or stop loss?
Cheers
Novice
  • #16,647
  • Jan 7, 2010 10:35am Jan 7, 2010 10:35am
Quoting nixie20
Hi all

Am currently trading with this system (which is great by the way if you follow the rules!!... think am beginning to now! took a couple of bad trades for me to understand them! )

I just wanted to ask how others have faired with this system during the Asian session, I am still reading through this post... just so far its been mainly the London and NY being commented on.

I am a newbie trader so please go gently on me!
You can try test trading both EURJPY and USDJPY if you like during the Asian session, or maybe even AUDUSD, other than those 3 pairs, not sure what other pairs will actually show movement during Asian. I only trade EURUSD and GBPUSD, so trading Asian would be like giving away pips for me, thus, I avoid it.
  • #16,648
  • Jan 7, 2010 11:18am Jan 7, 2010 11:18am
EU Long Trade: Per attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: # 210.gif Size: 29 KB
  • #16,649
  • Jan 7, 2010 11:50am Jan 7, 2010 11:50am
I don't really understand what you want to do here. Can you be more specific?

Quoting castlebrook
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.
  • #16,650
  • Jan 7, 2010 11:54am Jan 7, 2010 11:54am
CountE1 and E2 are in the Swiss Army mixed histo. The alarm in that indie has more granularity. (I got smarter). In that one you can set the alarm for any one row or any combination of rows. In the histo released with V4 SoundAlertONOptimum just notifies you when all four rows are the same color if you change it to true. You can edit the setting in the inputs tab of the indicator.

Quoting Emp
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.
  • #16,651
  • Jan 7, 2010 11:58am Jan 7, 2010 11:58am
The SwissArmy histo is not officially a part of v4. There are no rules for it. That is, you can use it exactly like the MTF trix histo in V4 and use the same MTF 6 lights rules as always, but the alarm works better (has more granularity). Or you can mix and match the various indicators. You will have to make up your own rules if you do. In my post on the previous page I point you to the latest version of that indicator, and the explanation of how to use it.

Quoting maadz
Thanks, but I mean the development made by MISSPIPS.
  • #16,652
  • Edited 1:10pm Jan 7, 2010 12:12pm | Edited 1:10pm
To answer your questions:

Sorry I can't fix the template. I can't use that version because loading the template kills my mt4.

You can correct it yourself by setting the second histo to
15m s, 30m f, 30m s, 60m f.

Neither indie sends emails.

You do not need to use the SwissArmyHisto if you dont want to. (That is the latest version of the THv mixed histo - I changed the name because people asked me to put in their favorite indicators. That is why you need the other versions of the HeikenAshi, Ichimoku, etc because it calls them if you specify those types.) The reason to use the SwissArmy Histo instead of the V4 histo is just that the alarm is better - has more granularity, and also you can mix and match the indies in the histo. So if you want it to alert you when there is a 1m trix cross, a 5m fast trix the same color and a 5 and 15m cloud the same color you can do that.

Regarding divergences, both timeframes. If you are trading the 1m and you see a divergence on the 5 m against you then you should not take the trade.

Traderathome and caveman will need to help you with the pivots and the EA - I don't use either of them.

The THV4 Trix V1.0 and THV3 Trix for MTFHisto are the same but the histos call THV3 Trix for MTFHisto because it is a plain version with all the otpions shut of, so that when you use the histo it won't interfer with whatever options you selected for THV4 Trix V1.0

Quoting novice198
Hi MissPips,
Thanks for the quick response. I understand that the settings for 2nd Histogram are wrong and should be corrected. How does one correct it. Can the senior members correct this error in the Template (as this is what I downloaded from page 1 of the thread) inorder anyone downloading the material from page 1 does not face the sameproblem.
I downloaded the SwissArmyHisto indicator and have understood the setting for the alarm. Can It send an email also? I also downloaded the flwg indicators as advised by your post 15620:-
HeikenAshi_DM.ex4...
  • #16,653
  • Edited 12:54pm Jan 7, 2010 12:54pm | Edited 12:54pm
Quoting novice198
Hi MissPips,
Thanks for the quick response. I understand that the settings for 2nd Histogram are wrong and should be corrected. How does one correct it.
Novice, just so you're set up properly, the period settings for the trix mtf in indicator 3 window should be as follows:

eperiod1 = 15
eperiod1type = 0
eperiod2 = 30
eperiod2type = 1
eperiod3 = 30
eperiod3type = 0
eperiod4 = 60
eperiod4type = 1

Any other indicators you want to add or swap will just be personal preference.

Wes
  • #16,654
  • Jan 7, 2010 12:57pm Jan 7, 2010 12:57pm
Is it just me, or did anyone else find it slow today during US session?? It seemed unusually slow to me. Maybe 'big boys' waiting till NFP coming out tomorrow morning.
  • #16,655
  • Jan 7, 2010 1:19pm Jan 7, 2010 1:19pm
Quoting traderathome
EU Long Trade: Per attached chart.
This trade has been going nowhere. But after finding support (2nd higher low) entry was appropriate. You can never know if then price will take off, or not. In this case, it did not. But now trading activity is increased again at the lows, so maybe a push up is coming.
Attached Image (click to enlarge)
Click to Enlarge Name: # 212.gif Size: 28 KB
  • #16,656
  • Jan 7, 2010 1:41pm Jan 7, 2010 1:41pm
I've been trading the g/u with thv today and everytime i try to set my take profit and stop loss but it won't let me go lower than 29 points, can anyone assist me on how to reset that so i can take the tp down lower than 29 pips? How does everyone copy there screen and post it on here btw? sorry sorry for the noob questions.
  • #16,657
  • Jan 7, 2010 1:49pm Jan 7, 2010 1:49pm
n/m i googled it i hope this works...
i've been having to use a trail stop of 29 to take in my profit.
Attached Image (click to enlarge)
Click to Enlarge Name: thv.jpg Size: 187 KB
  • #16,658
  • Jan 7, 2010 2:20pm Jan 7, 2010 2:20pm
Quoting noobguy
n/m i googled it i hope this works...
i've been having to use a trail stop of 29 to take in my profit.
I believe you're on a 5 digit account. In that case, 10 points = 1 pip, and usually the closes brokers will let you set your TP/SL value is 3 pips away from your entrance, which would be 30 points. But correct me if I'm wrong, I'm on a 4 digit account, but I believe that would be the case for you as the last 2 digits = 1 pip for you, so 10 points = 1 pip.
  • #16,659
  • Jan 7, 2010 2:22pm Jan 7, 2010 2:22pm
Quoting adunk1
Is it just me, or did anyone else find it slow today during US session?? It seemed unusually slow to me. Maybe 'big boys' waiting till NFP coming out tomorrow morning.
Bingo, Thursday is usually very slow leading up to the NFP release on Friday.
  • #16,660
  • Jan 7, 2010 3:04pm Jan 7, 2010 3:04pm
Quoting adunk1
Is it just me, or did anyone else find it slow today during US session?? It seemed unusually slow to me. Maybe 'big boys' waiting till NFP coming out tomorrow morning.
hi Adunk1!

You r rigth, I felt that to, that's why I have lost 15 pis cos of the low volume, let's see how it bounces tomorrow, your gonna trade tomorrow?
I want to start an exercise, I want to see if I can find some traders during the US session so we can trade toguether and make some improvements in our trade methoth, I hope you can joint me!
Have a good one!
passion and discipline
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