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THV system, final edition

  • #17,601
  • Jan 30, 2010 4:07pm Jan 30, 2010 4:07pm
Looks like very functional alerter.Great work!
  • #17,602
  • Jan 30, 2010 7:01pm Jan 30, 2010 7:01pm
Just a couple more showing how the alerts were triggered. Thes screen shots were taken at the time of the alert. The alerts in Orange are the the ones used to trigger the alert, the ones in gray have not been selected for the trigger. The first one of EURJPY shows a long alert with all M1 selected green, the 3 M15 selected green, 2 M30 selected green, trend of 20ema crossing up over 60ema green, LagRSI(15) green, Stoch(M15) green. The Pivot is green but it is still being worked on, it uses the Fpv and S5 through R5 for signals. The 3 indicators below the chart are only there for testing purposes and the alerts on the right side of the chart can be hiden if you don't want them visible.
The second screen shot its of GBPUSD with a short alert using the same combination of alerts as the first chart. I have been running the alert on the M15 period. The pivot alert will eventually be set up so it will keep you out of trades if you are to close to support or resistance.
Because of all the great information and ideas Cobra, Misspips and others have given on this forum I hope I can give back just a little piece. I have tried to incorporate the ideas of the some of the different ideas on this forum as to how others are using THV along with other indicators to get consistant results in their trading. The alert will only get you to the computer, you still have to know what your looking at to determine if the trade is any good or not.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYm1-29---8-20.jpg Size: 169 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1-29---11-30.jpg Size: 170 KB
  • #17,603
  • Jan 30, 2010 9:03pm Jan 30, 2010 9:03pm
I see the Templates in the Templates & Indicator list in the Program File, but they do not launch or are visible when checking the Platform. What am I doing wrong. Please Help. Thank you
Quoting cobraforex

Q&A


May I violate the rules of the system when I trigger another buy or sale signal?

A: yes you may, that depends on your trading skills. For example trading a long after touching first time an important support would be a reason after confirmation, but it has nothing to do with the system.
Trading the THV you should wait for all parameters confirmed.

Sometimes I see a clear entry signal and take the trade, after a move of some pips my trade goes in red pips, what is the reason?...
  • #17,604
  • Edited 5:16am Jan 31, 2010 5:04am | Edited 5:16am
Tradewell wrote a very nice manual explaining the 6 lights method,
which you can find in the zip file on the first page.
Regarding the rainbow, there is lots of information
on FF - all you have to do is search 'rainbow' or
LinnuxTroll.

I do not trade the rainbow per say however (that is a whole different system). I just use
it as a longer term trend filter in addition to the Coral. For
example if there is a THV signal saying to go short (6 lights, thv cross, PA below cloud and coral etc,), but the rainbow is pointing up then I don't take that signal unless it is a divergence signal and meets some other criteria. For me it is easier to 'see' which way the trend is going (up, down or sideways) using the rainbow rather than the coral. (Some people can do this with no indicators - just looking at PA but I like the rainbow because it is more graphically easy to understand.)

Quoting Annarita01
Hi Misspips, I' m learning slowly, this week I remained a
unsolved problem, where can I find information on how to use the histo in rainbow ( system on 6 lamp.)
Perhaps it also helps to 6 lights?

Thank's, have a good w.e.
Annarita
  • #17,605
  • Jan 31, 2010 6:42am Jan 31, 2010 6:42am
Quoting seller9
Just a couple more showing how the alerts were triggered. Thes screen shots were taken at the time of the alert. The alerts in Orange are the the ones used to trigger the alert, the ones in gray have not been selected for the trigger. The first one of EURJPY shows a long alert with all M1 selected green, the 3 M15 selected green, 2 M30 selected green, trend of 20ema crossing up over 60ema green, LagRSI(15) green, Stoch(M15) green. The Pivot is green but it is still being worked on, it uses the Fpv and S5 through R5 for signals. The 3 indicators...
Instead of your 20/60 EMA cross you may want to test this XPMA with alert arrows. Allows for a cleaner chart.

Just a thought.

Regards,
Cigarguy
Attached File(s)
File Type: mq4 xpMA.mq4   16 KB | 707 downloads
Keep It Simple
  • #17,606
  • Edited 8:28am Jan 31, 2010 7:10am | Edited 8:28am
Help me !!

I have Installed The THV4 that I donwload in first page.!

Now, is it possible to make the backtest with metatrader ?

eur usd m5??
  • #17,607
  • Jan 31, 2010 10:30am Jan 31, 2010 10:30am
Instead of your 20/60 EMA cross you may want to test this XPMA with alert arrows. Allows for a cleaner chart.

Just a thought.

Regards,
Cigarguy[/quote]

At the present time the moving averages are just there for reference durring testing to see if the alerts are doing what they are suppose to do, you can select either 2 or 3 moving averages, in this case I was just using the 20 and 60 but I could have used a third, such as the 200. I am going to have up down arrows on the chart which will clean it up. Also the indicators at the bottom are just there for testing at this time. The indicators at the right of the screen can also be hidden. The alert runs as an EA so you don't need any indicators and can use just a plane chart if you want. The Pivot/S/R are part of the EA and are used to determine Buys or Sells also, you can also turn them off if you don't want to use them, otherwise they are always on the chart.
Thanks for your input
Gene
  • #17,608
  • Jan 31, 2010 3:53pm Jan 31, 2010 3:53pm
[quote=MissPips;3416644]Tradewell wrote a very nice manual explaining the 6 lights method,
which you can find in the zip file on the first page.

When I try to open a "Manual and Optional" zip on the first page, it says that file is not there or have been damaged. V4 zip opens fine.
  • #17,609
  • Jan 31, 2010 3:59pm Jan 31, 2010 3:59pm
Hello Seller9,

Very impressive.

Regards,
Jeff

Quoting seller9
Instead of your 20/60 EMA cross you may want to test this XPMA with alert arrows. Allows for a cleaner chart.

Just a thought.

Regards,
Cigarguy
At the present time the moving averages are just there for reference durring testing to see if the alerts are doing what they are suppose to do, you can select either 2 or 3 moving averages, in this case I was just using the 20 and 60 but I could have used a third, such as the 200. I am going to have up down arrows on the chart which will clean it up. Also the indicators at the bottom are just there for testing at this time. The indicators at the right of the screen can also be hidden. The alert runs as an EA so you don't need any indicators and can use just a plane chart if you want. The Pivot/S/R are part of the EA and are used to determine Buys or Sells also, you can also turn them off if you don't want to use them, otherwise they are always on the chart.
Thanks for your input
Gene[/quote]
  • #17,610
  • Jan 31, 2010 7:55pm Jan 31, 2010 7:55pm
this ea ( THV4 ) is manual ?

not automatic ? we buy and sell maual following the red arrows and green?
  • #17,611
  • Jan 31, 2010 10:41pm Jan 31, 2010 10:41pm
This is not the THV "EA" thread. This has always been a manual system.

The arrows are simply an indicator to point out that a potential trade signal is available, but you still need to use all the other tools and indicators associated with this system to make an informed entry, etc. Like any system really.

The THV "EA" thread can be found here:

http://www.forexfactory.com/showthread.php?t=168347

Cheers, Adz.
  • #17,612
  • Jan 31, 2010 11:26pm Jan 31, 2010 11:26pm
I won +10pips but....

1. I entered when 1min trix color changed, but on 5min trix was about to GC but not crossed.

2. Laguerre RSI on 5min did not show buy signal.

3. 4hr chart showed bear trend.

4. It was in Asian session.

Was it too risky trade....?

Attached Image (click to enlarge)
Click to Enlarge Name: 100201_0606_1min.gif Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 100201_0606_5min.gif Size: 31 KB
  • #17,613
  • Feb 1, 2010 12:16am Feb 1, 2010 12:16am
Try downloading it from the attachments (paperclip on the right). I just did it from there and it is fine.

[quote=4xtom;3417286]
Quoting MissPips
Tradewell wrote a very nice manual explaining the 6 lights method,
which you can find in the zip file on the first page.

When I try to open a "Manual and Optional" zip on the first page, it says that file is not there or have been damaged. V4 zip opens fine.
  • #17,614
  • Feb 1, 2010 2:11am Feb 1, 2010 2:11am
Thank you Cobraforex for your excellent trading system!
I have a question, what kind of indicator that I highlighted in the picture??
Please Share this indicator or send it to me on email [email protected] !
Thanks for your help everyone! good luck and big profits!!
Attached Image (click to enlarge)
Click to Enlarge Name: i i.gif Size: 55 KB
  • #17,615
  • Feb 1, 2010 4:48am Feb 1, 2010 4:48am
Quoting Taiyakixz
I won +10pips but....

1. I entered when 1min trix color changed, but on 5min trix was about to GC but not crossed.

2. Laguerre RSI on 5min did not show buy signal.

3. 4hr chart showed bear trend.

4. It was in Asian session.

Was it too risky trade....?

Attachment
Attachment

I think the trade is OK. In the Asian Session I like to see a range of at least 35 pips before I trade. Here it was 36 pips so OK!
Here's my take on the trade...

EUR/USD
1. PA been in downtrend on the 1 hr chart for days. However, choppy on 1 min and 5min charts today. Heads up on 5 min chart (below) when the 5 min IC Histo turns green at 0420 hrs GMT. (Both green even better). Counter-trend.
2. Price is above the 20 sma on the 5 min chart and above the Coral. The 20 sma is not above the Coral but they are close together.
3. SS agreement. (See 5 min chart below then turn to 1 min chart)
4. Looking at the 1 min chart (below) price moves above the Coral at 0421hrs and both top IC histo lights are green.
5. Both the 1 min fast and slow Trix have crossed each other and both are green. (Also fast trix crossed Zero line)
6. 1 min fast Trix not overbought.
7. Both 5 min fast and slow Trix are green which is good for long trade.
8. Back to the 5 min chart, the price is still above the 20 sma and there is stochastic agreement. Both IC histos on 5 min chart are green which is good. However, the 20 sma is above the Coral so this must be considered an aggressive trade and a tight stop will be needed.
9. There are more than 10 pips to resistance so the trade is taken long at 1.3867.
10. A tight Stop Loss is placed below the Swing Low at 1.3856 (total 11 pips which is good).
11. A limit order is placed at the 1.3880 Sweet Spot to exit the trade. Please note if you are purely scalping for 10 pips then you’d exit at 10 pips profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade exampleeurusd23 part1 (5).png Size: 57 KB
Click to Enlarge Name: trade exampleeurusd23 part2 (1).png Size: 41 KB
  • #17,616
  • Edited 8:50am Feb 1, 2010 8:15am | Edited 8:50am
Quoting ricmi
I think time would be better spent for traders to work on their own trading plans rather than looking for more frills.
Thanks for your concern,but I already have a very good tp bringing an average of 29% of deposit per week.TP involves frequent changes of the system of indicators depending on the situation in the market, the currency pairs and TF.
No day is the same.[/quote]


wow!

really awesome +29% per week, what are your changes of your indis and what market situations do u use whith! please its cuestion of life, believed or not!

thank you in advance!

hace a good one and take care!
passion and discipline
  • #17,617
  • Feb 1, 2010 9:04am Feb 1, 2010 9:04am
Greetings to everyone on this amazing thread.

I discovered this thread about 2 weeks ago and started reading from the beginning. I've reached post number 2056 on page 138. I'm studying every word posted so I've got a long long way to go.....

I wish I'd discovered this thread many months earlier since it's clear that I've found a very special group of extremely generous and dedicated traders led by Cobra. Cobra - I take my hat off to you!

Most of my questions have already been asked and answered but I'm still unclear about one thing. I apologise if it has been covered in a later post but here's my question:

I understand totally that this is a trend trading system and that counter trends are to be approached with caution. On this basis and if one is trading the THV system on the 5 and 1 minute charts, how does one decide which way the market is currently moving?

Let's assume I don't want to risk any counter trend trades and say, for example, that the daily, 4 hour, 1 hour and 15 minute charts are all clearly trending downwards. At the same time PA starts to move upwards and through the 5 and 1 minute charts, THV eventually gives clear 'permission' to enter a long 1 minute trade. (Retracements, support and resistance etc have all been taken into account). Is this a counter trend trade?

Taking this example one step further, should I perhaps wait for the 15 minute chart to reverse to a long trend before taking any 1 minute long trades? Or should I only take short trades until the main trend has reversed from short to long?

Again I apologise if I'm asking a question which has been covered in later postings.
  • #17,618
  • Feb 1, 2010 11:46am Feb 1, 2010 11:46am
Quoting castlebrook
I think the trade is OK. In the Asian Session I like to see a range of at least 35 pips before I trade. Here it was 36 pips so OK!
Here's my take on the trade...
Thank you for your advice. Is your trade based on TIS method which you posted before? I will read it again...
  • #17,619
  • Feb 1, 2010 12:45pm Feb 1, 2010 12:45pm
Quoting Taiyakixz
Thank you for your advice. Is your trade based on TIS method which you posted before? I will read it again...
Yes
  • #17,620
  • Feb 1, 2010 1:15pm Feb 1, 2010 1:15pm
Quoting Penelope
Greetings to everyone on this amazing thread.
Hi, yeah if you're trading 1m & 5m you only need to confirm trend on 15m, 30m if you want to be extra sure.

This is a scalping system so generally you only need to check trend on one time frame higher.

Wes
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