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THV system, final edition

  • #17,821
  • Feb 17, 2010 10:12pm Feb 17, 2010 10:12pm
Just a couple questions. First, concerning using the MTF in M1 or M5. I have 3 histograms at the bottom. If the top histogram, squares (M1 and M5) are green, does the candle need to be above the Cloud for a potential trade? Do the other rules for THV V 4 still apply? Does the fast and slow trix need to be green for a buy?

Second, when I downloaded the THV V 4 on my desktop, everything appeared correct, except the bottom histogram has all GREEN squares. However, when I loaded the system to my LAPTOP, the bottom histogram has green, red and yellow squares.

What can I do to correct the desktop? Any thoughts.??
  • #17,822
  • Edited 2:04am Feb 18, 2010 1:06am | Edited 2:04am
Not sure which flavor of THV you are trying to trade. If you are trying to trade the 6 lights version, there is a manual that explains it on the first page. It was tested for the 1m tf not the 5m tf and has its own rules, explained in the manual.

The other rules of THV do not apply (except that the price has to be above/below the candle and clould for a long/short respectively, and above/below the cloud only for a long/short divergence trade, respectively. I.e you don't need to wait for a trix cross or for the 1m slow when using the 6 point method.)


Please note that the second histogram that comes with the V4 template does not have the correct settings.

The correct settings for the second histo for trading the 1m tf are

15 m s
30 m f
30 m s
60 m f

Also not sure which you mean by the bottom histo since I dont use the V4 template, but it sounds like the clould histo. For that to work you need the Ichimoku indicator ( found in the thread) in your indies folder as well.


Quoting oculaw1957
Just a couple questions. First, concerning using the MTF in M1 or M5. I have 3 histograms at the bottom. If the top histogram, squares (M1 and M5) are green, does the candle need to be above the Cloud for a potential trade? Do the other rules for THV V 4 still apply? Does the fast and slow trix need to be green for a buy?

Second, when I downloaded the THV V 4 on my desktop, everything appeared correct, except the bottom histogram has all GREEN squares. However, when I loaded the system to my LAPTOP, the bottom histogram has green, red and yellow...
  • #17,823
  • Feb 18, 2010 1:19am Feb 18, 2010 1:19am
Quoting Mudruff
What about this ?
well, dont know where the 1 min trix was in that example, my guess would be NOT oversold. If 1min trix is overbought it is really hard for pa to continue without at least a little pullback...

my guess is 1 min trix continued into heavy oversold territory and then you can see just a couple of candles later you have a real nice fast trix move up from heavily oversold to cross with slow trix. In this case, even though it is trending down, you could make a couple of pips. I prefer gbp/usd as the ups and downs seem more clear, just my opinion...
@pawpaw1000 on Twitter
  • #17,824
  • Feb 18, 2010 2:02am Feb 18, 2010 2:02am
Quoting pawpaw1000
dont know if it is just me but gbp usd seems to have the most amazing ups and downs... look at the trix and look at the pa! You see what I mean when I say OVERBOUGHT, I'm talking HIGH up...

During the day I find normally about 3 or 4 trades. Once the 5 min is really ovebought I start looking at 1min, if it crosses, I sell / buy. I then keep looking at 1min for exit. If 1min goes oversold or fast turns green, I'm out!

I only need 8 pips or so to make a good trade. I trade with 3 lots as you saw. I then set a mental sl at 15 pips which is 450...

I agree with you ...

I've been watching your set-up and is good for 5-8 pips per trade

I prefer classic THV with Laguerre RSI filter, but everyone must find the set-up with which you are comfortable.
"Being picky only cost your time - not MONEY"...Hans
  • #17,825
  • Feb 18, 2010 4:51am Feb 18, 2010 4:51am
Is there latest version THV v4 in ea somewhere?
  • #17,826
  • Feb 18, 2010 6:30am Feb 18, 2010 6:30am
Quoting nando_rich
I agree with you ...

I've been watching your set-up and is good for 5-8 pips per trade

I prefer classic THV with Laguerre RSI filter, but everyone must find the set-up with which you are comfortable.
just a little update, made 36 pips this morning in 5 trades(net, as 2 went south)...

I cant thank the THV team enough... Thank you soo much.

quick question though, what exactly is the trix composed of? not macd... rsi... what?
@pawpaw1000 on Twitter
  • #17,827
  • Feb 18, 2010 7:56am Feb 18, 2010 7:56am
Hi Cobra

Would you be teaching us forex too.
We promised we will be good students.

Quoting cobraforex
Don't waste your time vasi

Someone with the nickname theman007, 2 posts in FF and 9 years experience giving free personal classes?
  • #17,828
  • Edited 8:39am Feb 18, 2010 8:10am | Edited 8:39am
Quoting pawpaw1000
just a little update, made 36 pips this morning in 5 trades(net, as 2 went south)...

I cant thank the THV team enough... Thank you soo much.

quick question though, what exactly is the trix composed of? not macd... rsi... what?
Well done paw paw. Any screenshot of your THV entry for learning purposes? I have managed to caught only 1 (US Session) and 1 (Asian Session) EU trade with THV today.
Seems like opportunities are getting fewer and fewer.

Thanks for sharing.
  • #17,829
  • Feb 18, 2010 9:03am Feb 18, 2010 9:03am
Quoting Emp
Well done paw paw. Any screenshot of your THV entry for learning purposes? I have managed to caught only 1 (US Session) and 1 (Asian Session) EU trade with THV today.
Seems like opportunities are getting fewer and fewer.

Thanks for sharing.
well, another lesson for mr pawpaw today, USE YOUR SL!!! just wiped out todays gains with one trade! stupid! thats a rookie mistake i guess...

heres a screen shot of the 5min and 1min charts when I entered a trade, scored 9 pips i think...

check whats happened in gbp usd over last 10 min!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade1.gif Size: 72 KB
Click to Enlarge Name: trade2.gif Size: 69 KB
@pawpaw1000 on Twitter
  • #17,830
  • Feb 18, 2010 9:06am Feb 18, 2010 9:06am
can one set automatic sl??? anyone know how???

Gotta force myself as I obviously dont have the self control!!!
@pawpaw1000 on Twitter
  • #17,831
  • Feb 18, 2010 9:10am Feb 18, 2010 9:10am
Cool it, where is your entry? We can learnt from mistakes together. This is what the thread is for.

Quoting pawpaw1000
well, another lesson for mr pawpaw today, USE YOUR SL!!! just wiped out todays gains with one trade! stupid! thats a rookie mistake i guess...

heres a screen shot of the 5min and 1min charts when I entered a trade, scored 9 pips i think...

check whats happened in gbp usd over last 10 min!!!
  • #17,832
  • Feb 18, 2010 9:17am Feb 18, 2010 9:17am
Quoting Emp
Cool it, where is your entry? We can learnt from mistakes together. This is what the thread is for.
i think it might work, but there are other factors to consider.
Look at something long enough, you will eventually get it.
  • #17,833
  • Feb 18, 2010 9:43am Feb 18, 2010 9:43am
Quoting traco1
i think it might work, but there are other factors to consider.
Sorry, what do you mean? What is working? You mean THV? Yes, THV will works, but seems like it will not work well in volatile sessions; and good entries are fewer and fewer these days. Perhaps spikes caused the system not to work well. ..... I am not sure.
  • #17,834
  • Feb 18, 2010 10:02am Feb 18, 2010 10:02am
Quoting pawpaw1000
can one set automatic sl??? anyone know how???

Gotta force myself as I obviously dont have the self control!!!
Try the THV CaveManager EA, check the paper clip in top right corner.
  • #17,835
  • Feb 18, 2010 10:19am Feb 18, 2010 10:19am
Quoting Emp
Sorry, what do you mean? What is working? You mean THV? Yes, THV will works, but seems like it will not work well in volatile sessions; and good entries are fewer and fewer these days. Perhaps spikes caused the system not to work well. ..... I am not sure.
I was refering to Paws system !
Look at something long enough, you will eventually get it.
  • #17,836
  • Feb 18, 2010 10:21am Feb 18, 2010 10:21am
You know big moves are comming you just dont know when
Look at something long enough, you will eventually get it.
  • #17,837
  • Feb 18, 2010 10:31am Feb 18, 2010 10:31am
Hi traders,

I had been observing this system almost two years ago already. I see you made great progress, that's great!

Keep it up, guys! Thanks cobra.

Happy trading,
tradeigel.
  • #17,838
  • Feb 18, 2010 3:19pm Feb 18, 2010 3:19pm
Hi Cobraforex and many others! I just stopped by to say thanks.Been reading this thread for a while I just become a member to say thanks.Catching a bunch of pips is an awesome sensation and this thread made the difference for me after a couple of disappointing years.
Keep up the good work
____________________
  • #17,839
  • Feb 18, 2010 9:21pm Feb 18, 2010 9:21pm
It might come the day but not this year.

I had a tough trading season start not following my own rules due to lack of concentration, that's one of the reasons why I'm not activly posting ATM.

I also almost forgot during the developement of THV that I have a private life with family and friends, all that needs some care.

Anyhow, what I had to say bout THV is said and most discussion is repeating, always take care to follow the rules and be concentrated while scalping.

Trade well folks.

Quoting Emp
Hi Cobra

Would you be teaching us forex too.
We promised we will be good students.
  • #17,840
  • Feb 19, 2010 2:08am Feb 19, 2010 2:08am
Quoting nando_rich
Hi guys:

I have read the whole thread of THV and I am Testing this wonderful system for a month.

The first ... thank for "Cobra" and the Cobra's Team for this amazing free system.

Here is my first trade testing the system THV + Laguerre.


G/U
Entry: 1.5638
Exit: 1.5628
+10pips

Best Regards.

pd: sorry for my bad English ... not my mother tongue.
Hi Sir,
Can u upload the Laguerre RSI to me?
Or anyone who kindly help.

Thanks.
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