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THV system, final edition

  • #17,881
  • Feb 24, 2010 4:40pm Feb 24, 2010 4:40pm
Quoting Nobitacu
Ah, if Cobra is ok with it, then I'll gladly post it for everyone here to try. =) I just wanted to make sure Cobra is ok with it first. ^^

Here's the Laguerre RSI indicator for anyone that would like to test it out. The only setting I changed from default is Level1 and Level3 value, to where the creator of the indicator intended, which is 0.8 for Level1, and 0.2 for Level3, but I believe both setting should work well either way. I got info from Vataliy that it looks very interesting on the H4 chart as well with THV. =) Feel free to test different...
I installed the laquerre indicator, but now I wounder how to use it?! Is one green dot enough as an indication to enter buy positions or should one have at least severa dots of the same color?
How do you use it?
If you have any manual on how to use the indicator please send it to me by mail...
thanks
  • #17,882
  • Feb 24, 2010 10:37pm Feb 24, 2010 10:37pm
Anyone doing any trading using the H1 time frame? Thought I would try some alerts to see as the trix looks interesting on the H1 time frame. I didn't take the trade below because it was outside my trading time frame but thought I would post it to see if anyone else uses this time frame. The price was setting at S1 support and when the alert triggered it broke through. It retraced some after that but went on to become a winner. I had a TP set at 1.53670 as shown on the first chart which got hit and then it went lower. I got out at my TP which was 24 pips, so it turned out OK. The rest of the numbers are on the first chart. The second chart shows the PA after the alert up to where it hit the TP. You can also see on the second chart that the sell signal is still present.
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Good Luck
  • #17,883
  • Feb 25, 2010 2:21am Feb 25, 2010 2:21am
Hello Seller9,
would you mind sharing the EA Bandit please?

Thanks

Cesta
  • #17,884
  • Feb 25, 2010 2:59am Feb 25, 2010 2:59am
Seller,It will be very usefull if you can make alert for M5,favorite TF for most traders.Thanks
  • #17,885
  • Feb 25, 2010 5:04am Feb 25, 2010 5:04am
Quoting castlebrook
Go here first:

www.babypips.com
thanks for the link, checked it out, but in the forexpedia my abreviations in question are not listed.
still need help please...
what is trend SR
what is RSI

thanks
  • #17,886
  • Feb 25, 2010 5:30am Feb 25, 2010 5:30am
Quoting rengel
thanks for the link, checked it out, but in the forexpedia my abreviations in question are not listed.
still need help please...
what is trend SR
what is RSI

thanks
Here are 2 links

http://www.babypips.com/school/suppo...esistance.html

http://www.babypips.com/school/relat...gth_index.html
  • #17,887
  • Feb 25, 2010 7:13am Feb 25, 2010 7:13am
Hello Folks,

I am a Trader from Germany. First, Greetings to all and many Thanx to the THV-Team for this great System... But Sorry... I don't speak english well...

One Question, related to this Thread, Page #908, Post #13633. This Box, near Trix Indicator on the right side wich says "Trix Cross, Option, Action..." etc., called "aTrixBox"

I have these Box without the Dots-Graph and the London etc. Open/Close/Countdown Text. Can Anyone help me? Whats to do, that this Infos appear?

Thanks.
  • #17,888
  • Feb 25, 2010 9:43am Feb 25, 2010 9:43am
Quoting ricmi
Seller,It will be very usefull if you can make alert for M5,favorite TF for most traders.Thanks
The alert covers all time frames M1, M5, M15, M30, H1, H4, and D1.
You can set up any combination of alerts in an "AND" function.
The MissPips selection uses combination of alerts in an "AND" "OR" setup.

Good Luck
  • #17,889
  • Feb 25, 2010 11:24am Feb 25, 2010 11:24am
[quote=Cesta;3497144]Hello Seller9,
would you mind sharing the EA Bandit please?

Thanks

This is just an alert EA, the THV trading EA is over on the THV Cobra EA forum, it has tons of bells and can be set to do just about anything you want.

Good Luck
  • #17,890
  • Feb 25, 2010 12:27pm Feb 25, 2010 12:27pm
Hi Misspips,
thanks for sharing your Rainbow template.

I have question on when to enter a trade on "bounce off Coral" after the rainbow has flipped and 3 HH/3LL.
Please see tha attached pic.
1. Purple line is as soon as I get the color change on SwissArmy Histo for spread on 5M.
2. Orange line is when the PA is coming back below Coral after piercing it.

Which one of these would be the correct entry? Also, in the case of purple line, would you enter as soon as the SwissArmy spread colr has changed or do you wait for bar close. I know in the 6-point system, you don't wait for the bar close but not sure about it in the "bounce off Coral" signal.

Appreciate your reply.
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  • #17,891
  • Feb 25, 2010 12:29pm Feb 25, 2010 12:29pm
First, thank you very much for scheduling these alarms, which are very useful for me.

The signal from laguerre in this system is for when this runs out of OB / OS.

The EA gives the signal when the Laguerre enters OB / OS. Was there any possibility to change this?

Thank you very much.

pd: sorry for my bad English.
"Being picky only cost your time - not MONEY"...Hans
  • #17,892
  • Feb 25, 2010 12:33pm Feb 25, 2010 12:33pm
Hi seller9, that alert is sweet!
But do you know if the alert may have triggered anytime during that rather large consolidation period? If it did not do so, that would be awesome as it would have prevented you from quite a large number of bad trades.

Quoting seller9
Anyone doing any trading using the H1 time frame? Thought I would try some alerts to see as the trix looks interesting on the H1 time frame. I didn't take the trade below because it was outside my trading time frame but thought I would post it to see if anyone else uses this time frame. The price was setting at S1 support and when the alert triggered it broke through. It retraced some after that but went on to become a winner. I had a TP set at 1.53670 as shown on the first chart which got hit and then it went lower. I got out at my TP which was...
  • #17,893
  • Feb 25, 2010 12:41pm Feb 25, 2010 12:41pm
Seller9,
why are the pictures M15 TF where as you were talking about 1hr TF in your message? What am I missing here?
  • #17,894
  • Feb 25, 2010 2:31pm Feb 25, 2010 2:31pm
You're welcome.
Actually neither one is correct because I see at the far left side of the chart you have another one. I don't advise taking every one of these that you see because you only get so many per trend. You are looking for one as close as possible to the point where the rainbow flipped over and below the coral and then price comes back to retest it. You may get more than one of these per trend but the most probable one is the first one after the flip that meets the conditions. I do wait for a bar to close below the coral on these, or at least I wait until the minute is almost up and I see that the bar won't be able to retrace enough to make it close above the coral. You don't need to wait for 3 hh s or lls for this trade, just for the rainbow to flip and for price to retest the coral while the 5m histo spread and 1m f are in favor of the trade.

Quoting 4xdugg
Hi Misspips,
thanks for sharing your Rainbow template.

I have question on when to enter a trade on "bounce off Coral" after the rainbow has flipped and 3 HH/3LL.
Please see tha attached pic.
1. Purple line is as soon as I get the color change on SwissArmy Histo for spread on 5M.
2. Orange line is when the PA is coming back below Coral after piercing it.

Which one of these would be the correct entry? Also, in the case of purple line, would you enter as soon as the SwissArmy spread colr has changed or do you wait for bar close. I know in...
  • #17,895
  • Feb 25, 2010 2:49pm Feb 25, 2010 2:49pm
Quoting 4xdugg
Seller9,
why are the pictures M15 TF where as you were talking about 1hr TF in your message? What am I missing here?
Hi
The main alerts are from the H1 time frame with the H4 Coral used for direction. I am watching the M15 because my SL is based on previous 10 candles Hi or Low, depending on Long or Short trade. I may want to change this to past 5 candles, but for now I am just experimenting with H1 time frame.

Good Luck
  • #17,896
  • Feb 25, 2010 3:07pm Feb 25, 2010 3:07pm
Thanks Seller9.

So you use the combination shown on your picture (M15 Coral, M15 FTrix, M60 Cloud, M60 Ftrix, M60 STrix, M60 XTrix, M240 Cloud ) and take the entry on the H1 bar close after all the bars give a green signal? I am actually thinking the entry/exit should be on the M15 TF itself and exit when you get 2 red lights.

Did you see what happened to the Cable after you got your signal? It dropped a good solid 170 pips :-)
  • #17,897
  • Feb 25, 2010 3:16pm Feb 25, 2010 3:16pm
Thanks for the clarification Misspips! I was thinking the 3hh/3ll rule applied to the Coral retest technique also. If that was the case, the entry should have been much earlier than I thought. See the green box in the picture. The green box is where the PA retests the Coral for the first time after the flip and all colors are visible. Am i correct? That would have been a solid entry.

Thanks again for all that you have given to this forum.

Quoting MissPips
You're welcome.
Actually neither one is correct because I see at the far left side of the chart you have another one. I don't advise taking every one of these that you see because you only get so many per trend. You are looking for one as close as possible to the point where the rainbow flipped over and below the coral and then price comes back to retest it. You may get more than one of these per trend but the most probable one is the first one after the flip that meets the conditions. I do wait for a bar to close below the coral on these, or at...
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  • #17,898
  • Feb 25, 2010 5:14pm Feb 25, 2010 5:14pm
Quoting 4xdugg
Thanks Seller9.

Did you see what happened to the Cable after you got your signal? It dropped a good solid 170 pips :-)
M240(H4) Coral, not cloud.

Yes, but I am just setting the SL and TP and leaving. I am going to try and set my TP based on P/S/R, which should give me more profit potential, but also takes a bigger chance, but on the H1 I should be able to get more gain without having to watch. I have posted another one taken early this morning right at trading time opening, it went for 20 pips but I could have gotten a lot more as it was a down trend on the H4 for the session and my SL was just above the S3.
  • #17,899
  • Feb 25, 2010 5:34pm Feb 25, 2010 5:34pm
Hi
Here are the two trades from early this morning, I was also watching EURUSD, but the H4 Coral was going down and for the most part the pair was going up so all the alerts must not have aligned as I didn't get an alert even though you could have made some pips. Here is the chart when the alert kicked off for GBPUSD, right at the open of my trading period. This one could have made a lot more than 40 pips but this is hands off trading, set your SL, and TP and go to bed. I am going to try using P/S/R points for TP and see what happens, it looks like there is enough movement. You can see 2 trades on this one, the first trade went so fast I opened a second, so ended up with 40 pips all together, but left a lot on the table. If I would have used P/S/R I probably would have gotten just the 20 pips on the first trade as I would have hit S4. But the second trade could have gone to S5 which could have been close to another 70 pips or so. The only thing is the Range is already quite high hard to say how much movement is left. SL was highest high of last 10 bars on the M15 chart. TP was 5 * Spread.
Good Luck
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  • #17,900
  • Feb 25, 2010 7:43pm Feb 25, 2010 7:43pm
hello folks.....this is a great system !
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