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THV system, final edition

  • #17,361
  • Jan 23, 2010 11:28pm Jan 23, 2010 11:28pm
Quoting Nobitacu
Simply so I can find more possible good entrances, that's all. I'm still using the same method as before along side with all this new testing based off of Stratman's dashboard, so no worries ^^. Here's my final charts setup, where I'll update the fibo and lines drawn on the bottom 4 charts when it needs to. The time error on the dashboard... I'm guessing it's because the market's closed, since it was working fine Friday.
Hello Nobitacu,

Could you share your template you are using the M1 pick this photo?

Thanks
I am Brazilian and I never give up!
  • #17,362
  • Jan 24, 2010 12:38am Jan 24, 2010 12:38am
Looking for Alpari-UK or ODL, (may be my home setting problem, I cant really use Oanda!!), which one is better?
  • #17,363
  • Edited 3:50am Jan 24, 2010 3:04am | Edited 3:50am
Quoting windelevel
Hello Nobitacu,

Could you share your template you are using the M1 pick this photo?

Thanks
Sure, here you go. I'm now using "THV3 Trix for MTFHisto" as my trix indicator (until Startman fixes the bug on his version of the Trix indicator) as it doesn't have that gray area on the right side, giving me back some chart space. =)

The Indicators on this chart:

TzPivotsD_v3.4
TzPivotsMW_v3
thv-coral-pipware-v2.0
THV3 Trix for MTFHisto
Laguerre_RSI_v1.01m_mtf
SwissArmyMixedhistoV4.11 (you'll need to check MissPips post about this indicator if you don't have it, as you need to download a whole bunch of other indicators in order for this to work correctly)

All indicators besides the "thv-coral-pipware-v2.0" can be found on this thread. Pipware's coral indicator can be found on his own thread.
Attached File(s)
File Type: tpl THV - Laguerre M1.tpl   40 KB | 754 downloads
  • #17,364
  • Jan 24, 2010 3:06am Jan 24, 2010 3:06am
Quoting Buildcity
Just read through this thread up to P.1000 (about 10 days spent!!). Another 500 to go. Cheers
Good job for actually doing your own homework!!!
  • #17,365
  • Jan 24, 2010 3:06am Jan 24, 2010 3:06am
Quoting Buildcity
Looking for Alpari-UK or ODL, (may be my home setting problem, I cant really use Oanda!!), which one is better?
Hmmm... Not sure which one is "best" but I'm using IBFX as my broker.
  • #17,366
  • Jan 24, 2010 3:56am Jan 24, 2010 3:56am
One thing I have learned. You have to be (or should be) VERY skilled at trading to trade those smaller time frames. A one minute time frame can seem to change in the blink of an eye!

  • #17,367
  • Edited 6:39am Jan 24, 2010 6:21am | Edited 6:39am
No, I don't think so. Cobra likes cleaner charts than mine. I like more info on mine - for one thing because the degree to which my chart is clean looking or messier looking helps me determine current trade conditions. If you scroll back on that template you'll see that when it looks clean and inviting to trade (lots of white space, all the MAs lined up above or below the rainbow, and mostly one color in the histos) there's a strong trend going, and when it looks yucky (MAs every which way, rainbow takes up all the space so there's no clean expanse of white space and mixed colors in the histo) there is chop.

I like this visual cue but lots of people like clean charts all the time.

Quoting vasi
This system could be a variant of a new THV 5?

PS For me you are The Queen Pips !
  • #17,368
  • Jan 24, 2010 9:34am Jan 24, 2010 9:34am
Quoting traderathome
TzPivotsD_v3 is upgraded to TzPivotsD_v3.4, and the attached files are provided for charts with black or white backgrounds.

The most significant part of the upgrade relates to the correction of pivots lines bunching up when partial trading days are involved, and when multi day (vacation) gaps occur between trading days. This traditionally occurs over the X-Mas and New Years holidays, and we believe this problem to now be solved.
I have loaded this update indicator but I found it sometimes disappear from the chart and then re-appear again. Is there a bug?
  • #17,369
  • Jan 24, 2010 10:00am Jan 24, 2010 10:00am
Quoting wilson1668
I have loaded this update indicator but I found it sometimes disappear from the chart and then re-appear again. Is there a bug?
Only time I noticed this happened was when I was using THV4 Trix v1, whenever the chart screen changed color to green or red, the pivot lines will be gone, then you simply have to turn that color change off in the indicator to avoid that.
  • #17,370
  • Edited 10:51am Jan 24, 2010 10:13am | Edited 10:51am
Quoting MissPips
No, I don't think so. Cobra likes cleaner charts than mine. I like more info on mine - for one thing because the degree to which my chart is clean looking or messier looking helps me determine current trade conditions. If you scroll back on that template you'll see that when it looks clean and inviting to trade (lots of white space, all the MAs lined up above or below the rainbow, and mostly one color in the histos) there's a strong trend going, and when it looks yucky (MAs every which way, rainbow takes up all the space so there's no clean expanse...
Thanks again for your insight regarding your rainbow. I have been using Bemac's ver. for sometime. I like what you did with the color changes in the rainbow. In regards to the rainbow depicting a chop, I found the attached indicator at ( http://codebase.mql4.com/2301 ) that I find is helpful. I added this Perry Kaufman's AMA Optimized indie to my rainbow that is quite helpful in observing chop and trend. The code and additional info can be found at the above codebase site. I know nothing about coding but thought, with your coding knowledge, you may be interested.

When trading is open different colored dots appear on the lines of the indicator indicating up or down trends. (mkt. must be open for the dots to appear, or just lines will show) When choppy the line will flatten and no dots will appear until a trend begins as illustrated in the pic. You can see in the pic. when the chop begins the line flattens and the dots widen or disappear until a trend begins. It is similar to the VAR MA you have on your chart, but I find it easier to see. I use it with all time frames.

It also seems to follow real close to the cloud on my 1m chart. Yours or any comments would be appreciated.

Here is the indicator. It MAY OR MAY NOT be useful to you and others. Just remember trading must be open for the trend dots to appear. The pic is on a bar chart instead of my rainbow to make it easier for anyone to see.

Thank You and Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: AMA Optimized.gif Size: 14 KB
Attached File(s)
File Type: mq4 AMA optimized.mq4   7 KB | 874 downloads
Keep It Simple
  • #17,371
  • Edited Jan 25, 2010 8:21am Jan 24, 2010 2:03pm | Edited Jan 25, 2010 8:21am
In reference to the Dean Malone ADR indie that you modified, I use this modified ADR indi that was modified to a Hourly Range Indicator that is great for scalping 1m charts.

Maybe it will be useful to some. If you watch the Dean Malone's videos in re: ADR use, just think in terms of Hourly instead of Daily. I scalp 1hr candles using a 1m chart with this, THV and the rainbow.

EDIT: MissPips, could you modify this indi to show the difference in pips from Hour/High to Hour/Low or in other words show CURRENT HOURLY RANGE in real time?

Just a thought!

Regards,

Cigarguy
Attached File(s)
File Type: mq4 Scalpers Hourly Range Calculator (based of TSR Daily Range Calc).mq4   15 KB | 1,076 downloads
Keep It Simple
  • #17,372
  • Edited 3:58pm Jan 24, 2010 2:21pm | Edited 3:58pm
This is my 1m chart. The AMA is the white indicator and is not showing trend dots because the market is closed.

The bottom indicator is the previously posted Hourly Range Indicator.

The green and firebrick dashs outlines in the background are the one hour candles. (must look closley difficult to see in this pic) I found it much easier to break the market down into 1hr candles and trade in hour increments rather to trade the entire market. I primarily focus on one good trade per hour and trade with the trend/candle and then wait for the next hour and so on. Just my style.

The purple MA on the bottom chart is the AMA and the mkt is closed so it is not showing dots.

Thank you MissPips for the color changes to the rainbow.


Regards,
Cigarguy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jan. 24 14.03.gif Size: 164 KB
Click to Enlarge Name: ScreenHunter_05 Jan. 24 14.56.gif Size: 71 KB
Keep It Simple
  • #17,373
  • Jan 24, 2010 3:30pm Jan 24, 2010 3:30pm
Hello there.. this is a screenshot of my Mega THV system.. Hope you will like it.. i attached two systems and some of my own indicators here.. looks nice Right!
Attached Image (click to enlarge)
Click to Enlarge Name: Megas XLR.gif Size: 25 KB
Markets can remain irrational longer than you can remain solvent.
  • #17,374
  • Jan 24, 2010 6:34pm Jan 24, 2010 6:34pm
Quoting motiurbd
Hello there.. this is a screenshot of my Mega THV system.. Hope you will like it.. i attached two systems and some of my own indicators here.. looks nice Right!
If it works for you, then great! Everyone has a different style of trade that they feel comfortable with.
I like my charts to look simple and plan with not much things on it, but enough information to let me know what's going on. I just don't like to look at charts that are messy with so much things all over the place, especially when I look at them for hours, I'll get sick haha.
  • #17,375
  • Jan 24, 2010 11:21pm Jan 24, 2010 11:21pm
Far too many indis in my opinion but if you can manage 'em and still know when to take a position, why not?


Quoting motiurbd
Hello there.. this is a screenshot of my Mega THV system.. Hope you will like it.. i attached two systems and some of my own indicators here.. looks nice Right!
  • #17,376
  • Jan 25, 2010 12:34am Jan 25, 2010 12:34am
Quoting motiurbd
Hello there.. this is a screenshot of my Mega THV system.. Hope you will like it.. i attached two systems and some of my own indicators here.. looks nice Right!


Hi motiurbd! Looks like you probably have dedicated efforts and time to select all those issues in one template, choosing those ones that you believed best to avoid risk trades and get you into profit ones. Actually those decines of indicators give you probably some kind of security, that you do not feel in more naked charts.

In my opinion and experience, this could be deceptive for your trading since it leads you to focus too much on indicators and not on the market, and makes your decisions and trades more mechanical because of all these issues.
  • #17,377
  • Jan 25, 2010 4:23am Jan 25, 2010 4:23am
Indicators Galore


http://forexinterval.blogspot.com/20...ng-system.html
  • #17,378
  • Jan 25, 2010 6:49am Jan 25, 2010 6:49am
I know what i am doing.. I am just a boy 22 years old and living in bangladesh.. in here no one trade forex.. I discovered it myself.. and i am just 105days old in forex
I am graduated from babypips and other sites, so little bit i know what i am doing.. First i check Fibonacci, then read my daily rss news.. i subscribed to 8 different sites
Because i want to trade with the trend.. so every 5 minutes my rss is updating, then i try to figure out today is bullish or bearish, then i go to another site to check the elliot wave theory for that day.. and try to read more about that days important news...
After all this if eur/usd proved bullish then i open a trade when price hit any support level and if bearish then i just do the opposite...
I trade in marketiva, so i always watch the chatting so i can find that if i missed anything..
But i risk 80% of my account and let 20% for margin.. i know that this is wrong.. But i stop my trade with only 20 to 30 pips profit..
I know that it is too risky.. so i made my THV more powerful.. it indicates me perfectly if price is trying to go reversal.. just check my picture above and you will find out..
Sorry for this long post and please let me know if i need to improve on anything else And thanks for replying everyone
Markets can remain irrational longer than you can remain solvent.
  • #17,379
  • Jan 25, 2010 7:08am Jan 25, 2010 7:08am
how can I check if my pivots are right? I checked them against those given at actionforex.com and my support and pivot is the same but resistance 1 differs by 25pips???
@pawpaw1000 on Twitter
  • #17,380
  • Jan 25, 2010 7:21am Jan 25, 2010 7:21am
Quoting motiurbd
I know what i am doing.. I am just a boy 22 years old and living in bangladesh.. in here no one trade forex.. I discovered it myself.. and i am just 105days old in forex
I am graduated from babypips and other sites, so little bit i know what i am doing.. First i check Fibonacci, then read my daily rss news.. i subscribed to 8 different sites
Because i want to trade with the trend.. so every 5 minutes my rss is updating, then i try to figure out today is bullish or bearish, then i go to another site to check the elliot wave theory for that...
I would suggest you change your MM, otherwise you'll lose you account in the end like many others that started trading. 105 days really isn't much time, especially when you've spend most of that just on the reading and learning and not actual trade time on LIVE account. Demo account trading can never prepare you mentally, emotionally and psychologically for REAL trading. Even if you got all the tech side all figured out on the demo side, once you step into live, your mind will kill your account with that MM. I can also see you're still trying to relay on other people to decide how you should trade, and not actually your charts and PA, as you subscribe to all those different sites each telling your why they believe the market is going this or that way. I subscribe to 0 sites, why? Because the Chart and PA already tells me all I need to know, why do I need to trust those "expert" sites to update me every 5 min when my chart is updating me every 1 min. To me, you haven't graduated, not even close, you've only started, so be careful and really, MM is the number one thing that kills early traders in the market. A smart trader can turn any method into a great method, while a bad trader can turn any "perfect' method into a losing method, choose which trader you want to be, and then plan from there to actually become that trader.
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