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THV system, final edition

  • #17,161
  • Edited 12:32pm Jan 18, 2010 12:05pm | Edited 12:32pm
Quoting MissPips
Well here is a new version of the Swiss Army indie including divergence.

In order for it to work you need the attached indicators in your indicators folder (not on your chart). If you want the divergence setting to work on the 1m chart you need to redownload THV3 Trix for MTFHisto, because that setting was turned off in the previous version. If you don't need to see divergence for the 1m tf in the histo you can stick with the previous THV3 Trix for MTFHisto if you already downloaded it.

Changes
1) Added a type for divergence - type 14...
Hello MissPips,

So since there are still only 4 rolls, and I'll have to choose which ones uses each roll, that means in order for me to use the Divergence part, I'll need replace it with a roll I already use? Hmmm... I was hoping it would be like a 5th roll so I can still have my Trix, cloud, coral and Fast Trix bars in addition to the Divergence bar, but still nice since now I have an option to use it if I like to, thanks.
  • #17,162
  • Jan 18, 2010 12:45pm Jan 18, 2010 12:45pm
Quoting ricmi
Do you mean something like that?
Yup, that's another option and it's from Stratman's mini charts he developed for the THV system.
  • #17,163
  • Jan 18, 2010 1:11pm Jan 18, 2010 1:11pm
Correct,you can put any TF Trix on to any TF THV chart.
Cheers
  • #17,164
  • Jan 18, 2010 2:02pm Jan 18, 2010 2:02pm
Quoting ricmi
Do you mean something like that?
Thats what im after, I have downloaded stratmans mim charts, but how do I get the other trix on the chart, your help in this matter is very much appreciated.

Rebel
  • #17,165
  • Jan 18, 2010 2:24pm Jan 18, 2010 2:24pm
Step1-downoad pipware charts V4.0
2-put indy in 'Program files-your broker-expert-indicators folder
3-restart your MT4
4-from 'custom indicators' choose pipware charts V4.0 and attach to a chart
5-from indic.list from the chart double click on pipware charts V4.0 and in "Inputs" manage your setup as wish you like.
  • #17,166
  • Jan 18, 2010 3:36pm Jan 18, 2010 3:36pm
You should take a look at his video tutorials on the mini charts setup.

http://www.forexfactory.com/showthread.php?t=210461
  • #17,167
  • Jan 18, 2010 4:13pm Jan 18, 2010 4:13pm
Hi all,

Have been trading forex in demo account for about 2 months with relative success but wasnt really happy with my system. Was using macd and rsi with moving averages...

Decided I would try This system out. I know it is usable on the longer time frames as I have read irish pips posts and have downloaded his template.

Dont know if this question should be directed at him but anyways.

THE QUESTIONS:
Can I use thv 4 just as i downloaded it from the first page in the 1hr and 4hr timeframes?

If not, what are the rule for irish pips system, basically just look for crosses and break of support/ resistance and how successful has the longer time frames been for you guys?

I'm so sorry to be asking these questions as I'm sure youve had them a million times... have been searching through the thread but couldnt find what I was looking for. Read that some people said it could be used for higher tf's but then should I change some settings?

Really sorry and thanks for the help in advance...
@pawpaw1000 on Twitter
  • #17,168
  • Jan 18, 2010 8:27pm Jan 18, 2010 8:27pm
Quoting pawpaw1000
Hi all,

Have been trading forex in demo account for about 2 months with relative success but wasnt really happy with my system. Was using macd and rsi with moving averages...

Decided I would try This system out. I know it is usable on the longer time frames as I have read irish pips posts and have downloaded his template.

Dont know if this question should be directed at him but anyways.

THE QUESTIONS:
Can I use thv 4 just as i downloaded it from the first page in the 1hr and 4hr timeframes?

If not, what are the rule for irish pips system,...
From what I've read before, i don't think any settings needs to be changed, but you'll need to readjust your TP and SL values, as they will be different because of trading on higher time frames. The rules otherwise for entrance should be the same. But I guess it'll be best to have someone that actually trades THV on a higher TF to answer you, as I only do scalp trades with THV on M5 and M1.
  • #17,169
  • Jan 18, 2010 10:26pm Jan 18, 2010 10:26pm
Posting as per request from Stratman:

Video Lessons for trading THV

This is the important information for all who are interested in trading THV.

Prerequisites to trading THV (IMHO prerequisites for any strategy).

Lesson 01 | Trade with the Trend
Lesson 02 | Support and Resistance
Lesson 03 | Pivot Points - Daily & Fibonacci


Lesson 4 & 5 cover THV specifically.

Lesson 04 | THV System Part 01
Lesson 05 | THV System Part 02

cheers
stratman
  • #17,170
  • Jan 18, 2010 11:59pm Jan 18, 2010 11:59pm
Thank you very much MissPips,

Please put the your recommended template whit your recommended setting.

Thanks.

Masoud.

Quoting MissPips
Well here is a new version of the Swiss Army indie including divergence.

In order for it to work you need the attached indicators in your indicators folder (not on your chart). If you want the divergence setting to work on the 1m chart you need to redownload THV3 Trix for MTFHisto, because that setting was turned off in the previous version. If you don't need to see divergence for the 1m tf in the histo you can stick with the previous THV3 Trix for MTFHisto if you already downloaded it.

Changes
1) Added a type for divergence - type 14

2) Added...
We are here to help each other... We Learn Forex Together!
  • #17,171
  • Jan 19, 2010 12:33am Jan 19, 2010 12:33am
Hi Massoud,

I don't have any new recommendations yet. The SwissArmy histo is just a more conventient tool, but I personally am still using the 6 points trades or 3 higher highs /lower lows + trix cross or 6 points in the direction of the rainbow.

If I find better settings I will post them after I have tested them for a sufficiently long period.

Quoting masoud123
Thank you very much MissPips,

Please put the your recommended template whit your recommended setting.

Thanks.

Masoud.
  • #17,172
  • Jan 19, 2010 12:37am Jan 19, 2010 12:37am
Quoting ayman.fx
The same signals
Once again

EUR/USD
Trading range: 1.4455 - 1.4355
Trend: Downward
Sell at 1.4445 SL 1.4477 TP 1.4368

USD/JPY
Trading range: 91.30 - 90.40
Trend: Downward
Sell at 91.20 91 91.52 TP 90.48

GBP/USD
Trading range: 1.6365 - 1.6255
Trend: Downward
Sell at 1.6354 SL 1.6386 TP 1.6266

USD/CHF
Trading range: 1.0210 - 1.0315
Trend: Upward
Buy at 1.0221 SL 1.0189 TP 1.0305
Hello!
Whence these levels are taken? Count? How count?
  • #17,173
  • Jan 19, 2010 1:37am Jan 19, 2010 1:37am
Video Lessons for trading THV (by Stratman)

This is the important information for all who are interested in trading THV.

Prerequisites to trading THV (IMHO prerequisites for any strategy).

Trade with the Trend:

Inserted Video


Support and Resistance:

Inserted Video


Pivot Points - Daily & Fibonacci:

Inserted Video



THV System Part 01:

Inserted Video



THV System Part 02:

Inserted Video
  • #17,174
  • Jan 19, 2010 1:59am Jan 19, 2010 1:59am
Thanks for advise MissPips.

Quoting MissPips
Hi Massoud,

I don't have any new recommendations yet. The SwissArmy histo is just a more conventient tool, but I personally am still using the 6 points trades or 3 higher highs /lower lows + trix cross or 6 points in the direction of the rainbow.

If I find better settings I will post them after I have tested them for a sufficiently long period.
We are here to help each other... We Learn Forex Together!
  • #17,175
  • Jan 19, 2010 2:31am Jan 19, 2010 2:31am
Quoting rebelheart
Thats what im after, I have downloaded stratmans mim charts, but how do I get the other trix on the chart, your help in this matter is very much appreciated.

Rebel
You need something like this? trix for 3 timeframe in last row.
The indicators are from Stratmans website.

Hope it is useful.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.jpg Size: 109 KB
  • #17,176
  • Jan 19, 2010 2:39am Jan 19, 2010 2:39am
THV can also be used for higher timeframe. However, I had only tested on 1 swing trade.

ie. Spotted a possible head and shoulder formation last week on Eur/Jpy H4 chart. However, I am looking for a good entry point. Hence I used THV system and applies all THV similiar rules on the H4 chart as well. The results, it works!

However, please take note that this is a swing trade, therefore you must have bigger SL and bigger stomach.

Might be doing more test.


Quoting pawpaw1000
Hi all,

Have been trading forex in demo account for about 2 months with relative success but wasnt really happy with my system. Was using macd and rsi with moving averages...

Decided I would try This system out. I know it is usable on the longer time frames as I have read irish pips posts and have downloaded his template.

Dont know if this question should be directed at him but anyways.

THE QUESTIONS:
Can I use thv 4 just as i downloaded it from the first page in the 1hr and 4hr timeframes?

If not, what are the rule for irish pips system,...
  • #17,177
  • Jan 19, 2010 3:11am Jan 19, 2010 3:11am
Excellent stuff! Keep up the good work Stratman! Appreciate your efforts to the community.


Quoting Nobitacu
Posting as per request from Stratman:

Video Lessons for trading THV

This is the important information for all who are interested in trading THV.

Prerequisites to trading THV (IMHO prerequisites for any strategy).

Lesson 01 | Trade with the Trend
Lesson 02 | Support and Resistance
Lesson 03 | Pivot Points - Daily & Fibonacci


[b]Lesson...
  • #17,178
  • Jan 19, 2010 3:41am Jan 19, 2010 3:41am
For discussion purposes.

Is this a good entry? Even though it has reached my tp of 10 pips.
Rules:
1) Heads up when trix cross
2) 4 red lights (THV rules met)
3) Trix in M1 is also red
PS: I based on the 4 lights to give me an entry.

However, it seems that the entry is too far away from the trix crosses. And it is just luck that I got that 10 pips. The trade was done during the London session at 9.39 GMT.

Thanks for any comments.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.jpg Size: 135 KB
  • #17,179
  • Jan 19, 2010 3:48am Jan 19, 2010 3:48am
Hi,

I am new here, and I am new in currency trading.

What role does Laguerre play in the THV system? How is it used? Can it be ignored?

When I get a buy signal (alarm), do I place a buy? If not, how do I decide?

Thanks a lot,
Rahula
  • #17,180
  • Edited 6:28am Jan 19, 2010 3:49am | Edited 6:28am
Is there a way to get the THV chart to display the bid price instead of the ask price in the area of the chart at the bottom right just below the 4 color indicator bars?

I want it to match my T/P price in the active trade display.

And one other thing. Can you make an arrow that points left and right on MT4? I see the up/down arrow, but don't see anyway to rotate it.

And one other other thing.......it would be nice to know the day's high and day's low on the Trix Info at bottom left of chart, not just the total difference that currently is shown. Any way to make that adjustment, or is it programmed into the indicator?

Thanks in advance!
.....avoiding the effects of randomness
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