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THV system, final edition

  • #17,961
  • Mar 5, 2010 8:23am Mar 5, 2010 8:23am
Hiu folks,
is there any way to backtest the 6 lights/mtf method by misspips using the LFH trading simulator? I do not get any results because the indis are painting totally wrong when simulating. Again, I cannot scroll through my charts a few days back to get a feeling for the system because the trix indi does not paint corectly as well.

Any suggestions?

Have a nice weekend!

Roman
  • #17,962
  • Mar 5, 2010 9:07am Mar 5, 2010 9:07am
RomanDG,
Have you tried increasing the value of Max_Trix_Bars_Back? The default is set to 750 but if you want to do sim testing, you must increase it to a large enough value so that it spans well back into history from your reference point.


Quoting RomanDG
Hiu folks,
is there any way to backtest the 6 lights/mtf method by misspips using the LFH trading simulator? I do not get any results because the indis are painting totally wrong when simulating. Again, I cannot scroll through my charts a few days back to get a feeling for the system because the trix indi does not paint corectly as well.

Any suggestions?

Have a nice weekend!

Roman
  • #17,963
  • Mar 5, 2010 10:17am Mar 5, 2010 10:17am
Here is another EU trade I did this morning, after which I shut it down for the day. Same alerts as the last two and another short. The trade is way over at the right edge of the chart, this was just a scalp.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD3-5---12-19.jpg Size: 156 KB
  • #17,964
  • Mar 5, 2010 10:46am Mar 5, 2010 10:46am
http://savepic.org/288688.pnghttp://savepic.org/324528.gif
Attached File(s)
File Type: mq4 MACD - Zones.mq4   5 KB | 791 downloads
  • #17,965
  • Mar 5, 2010 3:18pm Mar 5, 2010 3:18pm
I think I love you.. LOL, your rainbow template, I just
saw it and it fits my 1M setup so well. Thank you

Would you, when you have the chance, please post just
a couple of your recent trades or ones that you
would have loved to have taken, lol... I would like to confirm
the ebb you are taking advantage of with your setup.

Thank you

Brian

Quoting MissPips
You're welcome....
  • #17,966
  • Mar 5, 2010 4:05pm Mar 5, 2010 4:05pm
Quoting g108
Hi Pattinatore and everyone,

I'm on this forum newbie. I would like to ask what kind of indicator that I highlighted in the picture(Blue, red dot signal on main chart)?
Please. Share this indicator
cool... it was like an year ago! my template now is really different from it
however that indi was a fractal indicator.. it repaints it is unuseful
  • #17,967
  • Mar 5, 2010 10:48pm Mar 5, 2010 10:48pm
Anybody is posting your THV trades ¿?? What is happening ?
  • #17,968
  • Mar 6, 2010 8:17am Mar 6, 2010 8:17am
Quoting 4xdugg
RomanDG,
Have you tried increasing the value of Max_Trix_Bars_Back? The default is set to 750 but if you want to do sim testing, you must increase it to a large enough value so that it spans well back into history from your reference point.

Thanks a lot, that helped me with the trix, but the mtf-indicator ist still not working at all in the past or with LFH-simulator, I think I simply have to test this live. Anyway thank you!
Roman
  • #17,969
  • Mar 6, 2010 12:14pm Mar 6, 2010 12:14pm
Found a minor bug in the stochastics alert, I forgot to enter the line of code for the Long when stochastics was above the zero line. I went throught the code line by line and couldn't find any other errors, so hopefully all is good.
I also added a wait delay between alarms which you can set by entering the number of minutes you want to wait between alerts. This should stop the alert from going off one after the other. I haven't had time to test it yet as it looks at the Brokers clock time in MT4, and that doesn't change on the weekends so I can't test it, but it should work OK. Shown here are the 2 settings, if you want to use it set it to true and set the number of minutes you want to wait. I have also attached the latest zip file.
Attached Image


Attached File(s)
File Type: zip Alert.zip   298 KB | 775 downloads
  • #17,970
  • Mar 6, 2010 1:28pm Mar 6, 2010 1:28pm
Here is a template and set file to use with the alerts on the M15 chart, you can tweak the settings if you like, it has been working fairly good for me for the past couple weeks. When you get an alert pay attention to the P/S/R lines and also upcomming news. Be sure to set your Brokers time offset, otherwise the P/S/R and day lines will be off. Change the set file to .set instead of the .txt, as you can't upload .set files.
Good Luck
Attached File(s)
File Type: tpl m15_test.tpl   60 KB | 924 downloads


Attached File(s)
File Type: txt m15_test.txt   1 KB | 908 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 161 KB
  • #17,971
  • Mar 6, 2010 2:03pm Mar 6, 2010 2:03pm
Here is a good example of an alert that went off on AUDUSD and signaled a buy. Taking a closer look you can see why you should not have taken this trade. It is at the R3 resistance point, at 15:30 there was a previous spike candle, there may also be a possible divergence forming in the trix. There was also 50% Fib reatracement at 17:00.
So this one could be a short one in the making, something to watch, then again if it breaks above the high at 15:30 it could be a buy, your choice.
It is also outside my trade time (BLUE AREA) so I wouldn't have looked at it anyway, and at market close.
This is just an example of why you can't take alerts on face value, you need to take a deeper look.
Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 169 KB
  • #17,972
  • Mar 6, 2010 6:44pm Mar 6, 2010 6:44pm
I agree with what someone else said, but as someone
for a long time who has had a quota to achieve of my
own...

1. Break your pip goal (think of it as a goal not a do or die
level... a goal!) into days, ie you are close enough to just
call it 20 pips per day.
2. Break your goal in half and work on consistently getting
10 pips per day. When you go way over, not over trading,
stop and let the pips build in your acct. Train yourself
at that level, even for penny trades, just train yourself
for the actions there.
3. When you can meet 10 pips per day consistently,
day after day... slowly reach to 15, then 20
as your daily goal.

A, for before any of the above... figure out what time frame you
see and live with the best, totally on demo. Some find themselves great
on the 5 or 1 but absolutely get killed on the 1 hr because they
can't take the wiggle needed for many trades...some can handle that
much better than being in a trade for a few minutes at a time and
moving on. Figure out what is your personality really, then
start at 1.

Brian

Quoting Methven
I am a neebee to THV and Cobra's systems. Have spent a lot of time "studying" it all. I am now going live taking VERY SMALL lots after doing demo for a few weeks. Live so different to demo !!

I will be trading forex 75% of my working day. I MUST achieve 550 pips per month. I am scalping on 5 mins using THV TRIX.

Q: Would like to know from the established Cobra traders if 5 mins using THV TRIX - THV TREND - THV RSI is the best way to achieve my monthly pip target. Or would it be better to use say 60 mins?

Perhaps a bit of a silly question...
  • #17,973
  • Mar 7, 2010 8:30am Mar 7, 2010 8:30am
Quoting seller9
Here is a template and set file to use with the alerts on the M15 chart, you can tweak the settings if you like, it has been working fairly good for me for the past couple weeks. When you get an alert pay attention to the P/S/R lines and also upcomming news. Be sure to set your Brokers time offset, otherwise the P/S/R and day lines will be off. Change the set file to .set instead of the .txt, as you can't upload .set files.
Good Luck
Attachment

Attachment

Attachment
Hi Seller,
Thanks for the Alert EA. However, when I download the Template and invoke same in the MT4 I do not get the THV Trix indicator, while the Stochastics Histogram indicator is on the Chart. Was the THV Trix omitted intentionally in the TPL file inorder for us to place same in the chart manually. In that case I do not have the version 5 Trix which kindly post here.
After getting the setup on the M15TF I assume you go down to M5 and then M1 for the entry, which pls cnfm.
  • #17,974
  • Mar 7, 2010 9:29am Mar 7, 2010 9:29am
Quoting novice198
Hi Seller,
After getting the setup on the M15TF I assume you go down to M5 and then M1 for the entry, which pls cnfm.
The trix you need is in the zip file, it is "THV4 Trix called", you need this one in your indicator folder or the alerts will not work as the code calls this indicator for its values for trix, thats also the one thats on the template. It may be a little different from some of the later versions of the trix but it is close enough.
In the examples I showed I only used the M15 chart, I did not look at the M5 or M1 for the entry. When I got the M15 alert I just looked at P/S/R points. You could add the M1 or M5 alerts if you want to the present M15 ones, let us know if you do and if its better. Some traders do use the next lower time frame for their entry.
Example Long Alert M15: All GREEN
If Bid>R1 but Ask<R2 I look to see how much room there is left to move before I hit R2. If I want 10 pips of TP, can I get it before I reach R2? If the answer is yes I take the trade. I also make sure I am not close to yesterdays high or low, I use those values the same as I just used R1 and R2, if I am above yesterdays low will I hit YH before I get my 10 pips. Also I make sure there is no news, actually that should be first along with am I within my trading hours. Depending where the PA is I look at R5 - P - S5 and if it is outside of either R5 or S5 I don't take it. Also look at the Range to see how it compares to yesterdays range, if it has already moved a lot there may be nothing left in this direction but maybe a pull back when and if it signals a short. Also if it is very early in the session and the range is very small you may want to wait until it is 40 -50 pips. Everyone has there own way of picking a good trade, find a time frame you are comfortable with and a few pairs and work with them. The alert is only to get you started, it doesn't mean its a good trade.
If you find something that is consistant for you please post it.
I probably said a lot of what you already know but it may help others. I learn something new every day.
Good Luck

Edit:
Sorry for the error, I just noticed I had THV3 Trix Called on the template and I am using THV4 Trix Called in the Alert, please change the template to THV4 Trix called so they match. THV4 Trix called is the one thats in the zip folder.
Another slip up, thanks for the heads up.
  • #17,975
  • Mar 7, 2010 9:41am Mar 7, 2010 9:41am
Hi Caveman and other users of the EA, can you pls clarify how do the following functions in the Cavemanger EA work.
1)UseTrailPriceByPercentage: True
2)MinPipsToActivate: 80
3)PercentageTrailBehinhPrice; 30
4)Use_Preceding_TP: True
5)Preceding_TP_Pips:50
6)Slippage : 3

If the Take profit has been set to 75Pips then will the UseTrailPriceByPercentage kick in as the same has been set at 80 pips. Also would appreciate some more explanation on the above sr no 1 to 6 as I could not understand same after reading the pdf file for THV Cavemanger EA.

Cheers
  • #17,976
  • Mar 7, 2010 9:48am Mar 7, 2010 9:48am
Quoting seller9
The trix you need is in the zip file, it is "THV4 Trix called", you need this one in your indicator folder or the alerts will not work as the code calls this indicator for its values for trix, thats also the one thats on the template. It may be a little different from some of the later versions of the trix but it is close enough.
Thanks for the quick response, which was very detailed and clarified the doubts. Hoping for a better week from tomorrow as last week there were too many news.
Cheers
  • #17,977
  • Mar 7, 2010 5:42pm Mar 7, 2010 5:42pm
Novice198,

Use CaveManager to fit your trading style. Not the other way round. It seems to me that you are trying to fit or change your trading style to what CaveManager is capable of doing. If you don't understand the options, chances are you don't need them.

Cheers,
CaveMan

Quoting novice198
Hi Caveman and other users...
  • #17,978
  • Mar 7, 2010 6:04pm Mar 7, 2010 6:04pm
I see your post here now Miss Pips and this is helpful

http://www.forexfactory.com/showpost...ostcount=17496

Brian

Quoting golden1
I think I love you.. LOL, your rainbow template, I just
saw it and it fits my 1M setup so well. Thank you

Would you, when you have the chance, please post just
a couple of your recent trades or ones that you
would have loved to have taken, lol... I would like to confirm
the ebb you are taking advantage of with your setup.

Thank you

Brian
  • #17,979
  • Mar 7, 2010 7:58pm Mar 7, 2010 7:58pm
Quoting caveman
Novice198,

Use CaveManager to fit your trading style. Not the other way round. It seems to me that you are trying to fit or change your trading style to what CaveManager is capable of doing. If you don't understand the options, chances are you don't need them.

Cheers,
CaveMan
Thanks for the swift response. It suits me that the last lot (40%) is allowed to close at Target Profit level, or stopped out at Trailing stop (incase there is retracement) or it runs as the PA runs in my favour beyond the initial TP level and then gets stopped at Trailing stop on retracement. I would like to know that given the std set conditions in the cavemanager EA as below
1)UseTrailPriceByPercentage: True
2)MinPipsToActivate: 80
3)PercentageTrailBehinhPrice; 30
4)Use_Preceding_TP: True
5)Preceding_TP_Pips:50
6)Slippage : 3

when does the Sr no 1 kick in if the initial Target Profit is set at 75pips.
Would appreciate if you can clarify the wrkgs of 1 to 6 points.
Cheers
  • #17,980
  • Edited 9:33pm Mar 7, 2010 9:19pm | Edited 9:33pm
EJ:

Hi folks. I know this is not the THV chart. But it shows something possibly of merit so I ventured to post it. Hope it is ok with everyone.

MACD shows divergence. From session high down to level where Friday run paused for consolidation, is about 163 pips. The 14 Day average range is 163 pips. So, if PA breaks south, that area makes a good target. If it does not move until FO/LO, and if those traders move it higher before any substantial move down, then the DPV becomes a likely target. Just observations.

Good trading to all.
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